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A novel question is arising as the legal industry weighs potential private equity interest: How do you value a law firm to buy a stake in its business operations?
The South Carolina Supreme Court on Wednesday closely inspected Alex Murdaugh's appeal claiming the jury in his high-profile double-murder trial was biased because of comments made by a clerk of court, voicing questions and statements favorable to the disgraced lawyer's arguments.
SCOTUSblog founder Thomas Goldstein told the Maryland federal jury in his tax fraud trial Wednesday that he lost nearly $3 million playing poker in 2016, directly contradicting charges that he underreported his gambling winnings, and pinned the blame for tax filing errors on his own miscalculations and shoddy work from his accountants.
Ford Motor Co. urged a California federal judge to keep alive its lawsuit accusing three Knight Law Group LLP-affiliated attorneys of orchestrating a massive fraudulent legal billing scheme, scoffing at the attorneys' argument that they are immunized from liability related to lemon law litigation they have pursued.
A former in-house attorney petitioned a Colorado Court of Appeals panel Wednesday to not find "frivolous" his request for the court to reverse a lower court's decision ordering attorney fees as a sanction against the attorney and his counsel in an underlying legal malpractice lawsuit.
A California federal court has ordered $25,000 in fee sanctions for a litigator representing a mobile app platform in a copyright and contract suit as reimbursement for work he said went into responding to an error-ridden motion and further resulting motion practice.
UnitedHealthcare Insurance Co. must pay a lawyer $88,060 after a North Carolina federal court ruled that the insurer abused its discretion in denying her coverage for six surgeries to treat her lipedema.
Law school hopefuls will mostly need to sit for the Law School Admission Test — better known as the LSAT — in person starting in August rather than test remotely, a change designed to strengthen security after the exam provider ended remote testing in China over cheating concerns.
A California federal judge has ordered an attorney to show cause as to why he shouldn't face sanctions over bogus case citations in an immigration case.
The New York City Bar Association urged Gov. Kathy Hochul in a statement Wednesday to ensure the 2027 executive budget gives the New York State Interest on Lawyer Account Fund access to its revenue for civil legal services, noting the current proposed budget did not grant full spending authority.
A Texas federal judge awarded $4.6 million in fees to lawyers who convinced the court that American Airlines improperly allowed environmental, social and governance factors to guide its employee retirement plan, despite the fact that they didn't secure any money damages.
East Coast-based full-service firm McLaughlin & Stern LLP is expanding to the West Coast, adding the lawyers and staff of San Francisco-based litigation and employment law boutique Dillingham & Murphy LLP.
SCOTUSblog co-founder Thomas Goldstein will take the stand in his tax fraud trial Wednesday, after the government rested its case with an IRS agent tallying up $3.6 million that she said went unreported on his 2016 tax return.
The D.C. Circuit wants to stop a fight over almost $800,000 in attorney fees from a suit against the Internal Revenue Service that was settled years ago, telling the parties' counsel during oral arguments Tuesday they'd like to put the matter to bed for good.
A class of merchants in a lengthy antitrust litigation against Visa and Mastercard is seeking sanctions against a personal injury firm and one of its referral partners, arguing the third-party entities have repeatedly misled would-be class members about the case's settlement and how much recovery they might receive.
A Colorado family lawyer and his law firm engaged in legal malpractice during the representation of a client and disclosed confidential information about the client without his consent, the former client has alleged in Colorado state court.
Legal staffing and services provider Axiom received approval Tuesday to shutter its Arizona law firm subsidiary, while a pending lawsuit claims the experiment was tainted by Axiom's private equity backer putting "revenue over ethics."
Atlanta-based employee-side law firm Barrett & Farahany has brought on the founder and CEO of the Crone Law Firm and its two attorneys, strengthening its ranks with an experienced trial team led by a lawyer who brings over three decades of experience.
Tanenbaum Keale LLP continued its growth with another new partner hire this week, adding an insurance litigation expert from Goldberg Segalla LLP with experience representing insurers on disputes in a range of industries.
A pair of former Minneapolis federal prosecutors who resigned reportedly after being pushed to investigate the widow of a woman killed by an ICE agent have launched a boutique firm centered on white collar defense, investigations, civil litigation and crisis management.
A North Carolina federal court trimmed a mortgage lender's suit seeking to recoup $540,000 from a title insurer for a loan that a borrower claimed was fraudulent, saying the insurer had no duty to indemnify the lender because the loss fell within an exclusion for third-party fraud.
Mitby Pacholder Johnson PLLC, a Houston-based litigation boutique, has added a partner with wide-ranging expertise who arrived from Mayer Brown LLP.
Justpoint, a justice technology company focused on public health, announced Tuesday the launch of Justpoint Law LLP, a law firm operating as an alternative business structure under Arizona law.
Document retention at the outside accounting firm for SCOTUSblog founder Thomas Goldstein and his law firm took center stage at the U.S. Supreme Court lawyers' tax fraud trial Monday, as the defense claimed that the accountants' internal emails about Goldstein's tax returns were never produced despite being sought in subpoenas.
The American Bar Association's policymaking body on Monday encouraged student loan forgiveness for lawyers engaged in public interest employment and asked that trust and estate law be part of the NextGen bar exam.
Trends and statistics reveal that law firms of all sizes and practice areas remained attractive litigation targets this year, so firms must take concrete steps to avoid professional liability risks in the year to come, say Douglas Richmond and Andrew Ricke at Lockton Companies.
New job archetypes are rapidly replacing the traditional model of the lawyer as artificial intelligence proliferates, and to remain competitive, firms will need to embrace the diverse portfolio of talent required to navigate, design and critique algorithmic systems, says Dmitri Mehlhorn at Atoll Society.
Legal management services organizations, which outsource the administrative aspects of law firms to separate entities, are poised to disrupt the industry in the year to come, so firms and attorneys should consider the advantages and disadvantages of several MSO models, say Frederick Shelton and Ayven Dodd at Shelton & Steele.
Impostor syndrome prevails as a main root cause of attorney burnout, but sufferers can equip themselves with a series of practice tips that build confidence through evidence, not emotion, to address the mindset behind this damaging condition, says Jonathan Cohen at PNY.
Today's general counsel expect outside lawyers to show interest, relevance and value long before there is a live matter to address, including by engaging with attorneys at every level of the company and dispensing free advice thoughtfully, says Andrew Dick at The L Suite.
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Biz Development Tip Of The Month: Start Early In Your Career
Having the courage to embark on your legal business development strategy early in your career allows you to sooner reap the rewards of a strong network, which in turn can increase the momentum of referrals over the course of your career, says Kristin Housh at Sheppard Mullin.
As the legal profession navigates changes driven by artificial intelligence and broader pressures, leaders should consider behavioral research-backed strategies to translate enthusiasm into tangible results for team performance, say attorneys at King & Spalding.
Though law firms and private equity firms appear to be strange bedfellows, such combinations may offer opportunities for ailing midsize firms — which must be weighed against risks to culture, brand and growth prospects, say directors at FTI Consulting.
This year's Buying Legal Council Conference highlighted three emerging forces in how buyers and sellers operate in the legal ecosystem — artificial intelligence, data and preferred panels — and organizations would be well advised to combine them into an integrated framework for transparency, performance and collaboration, says Matthew Prinn at RFP Advisory Group.
As legal departments face mounting pressure to do more with less, general counsel should lead a structured process for adopting generative artificial intelligence tools to transform productivity, manage risk and align with enterprise priorities, says Maesea McCalpin at Gartner.
Amid law firm layoffs of business development staff, lawyers cannot depend solely on their firms to foster their professional growth, and must instead create their own initiatives for building community, says Lana Manganiello at Practice Growth Partner.
As artificial intelligence changes the dynamic between in-house and outside counsel, both internal and external legal teams must thoughtfully reimagine how to mutually leverage AI tools to collaborate and deliver successful outcomes, say Karineh Khachatourian at KXT Law and Diane Honda at Redis.
Sirisha Gummaregula at QuisLex offers advice on navigating the challenges that come with taking on an in-house counsel role after leaving law firm life, including learning your company's business goals and leading with empathy and collaboration.
As potential clients with legal questions increasingly rely on summaries generated by artificial intelligence, attorneys must rethink their content strategy to make sure AI chatbots and search overviews cite their thought leadership, say Ioana Good and Adrien Maines at Promova and Nancy Myrland at Myrland Marketing.
Complex corporate litigation now often unfolds under the glare of a parallel trial in the court of public opinion, requiring attorneys to adopt a cohesive strategy for legal filings, leadership communications and narrative control, says Monica Smith at Integer PR.