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The frequency at which major law firms faced malpractice claims held relatively steady in 2024, but payouts on claims continued to boom at a rate outpacing general inflation, according to this year's legal professional liability insurance survey, with nearly half of insurers surveyed reporting having paid at least one claim over $150 million.
For-profit companies in Texas can't provide legal services to customers, even if they offer those services on an "at cost" basis, the State Bar of Texas has said.
The U.S. Department of Justice announced Monday that it will use the False Claims Act to go after any recipients of federal funds that the agency determines promote diversity, equity and inclusion policies, and allow antisemitism to thrive.
Public companies and their general counsel need to prepare now for upcoming changes to regulatory frameworks that could alter their disclosure requirements across several areas, including climate, diversity, resource extraction and cybersecurity.
Simpson Thacher & Bartlett LLP announced Monday that it has added the former legal director to global investment firm The Carlyle Group as a partner in its private funds practice in Washington, D.C.
A former Webster Bank general counsel has opposed part of a government plan for repaying the $7.4 million he pled guilty to taking by fraud, saying he will be in prison for four years, resigned as an attorney, remains unemployed and cannot work in banking once he's free.
The Paramount Group commercial real estate investment trust announced Monday it had retained Latham & Watkins as its legal adviser as it started a strategic review following a shakeup that saw the company name a new general counsel and chief financial officer.
Kirkland & Ellis LLP said Monday that private equity real estate attorney Yaman Shukairy has rejoined the firm as a partner after serving as general counsel for the private equity firm TPG Real Estate Partners for nearly a decade.
A former in-house attorney at NextEra Energy Resources who was most recently with Heise Suarez Melville PA moved his practice to Squire Patton Boggs LLP in Miami, the firm announced Monday.
An SEC enforcement officer has told business leaders to expect more empathy from the agency, as well as fewer outside compliance monitors. And an ousted ATF chief counsel is fighting back by co-founding a boutique law firm to defend federal workers in employment battles.
Retail company QVC Inc. has reshuffled its top in-house legal team as part of its ongoing restructuring efforts, according to a new filing with the U.S. Securities and Exchange Commission.
A team of two general counsel and a human resources executive announced the launch of Velocity Edge Advisors, offering businesses outsourced legal and workforce services.
The legal industry marked mid-May with another busy week as attorneys landed new roles and firms expanded their offerings. Test your legal news savvy here with Law360 Pulse's weekly quiz.
The U.S. Securities and Exchange Commission has agreed to pay $512,500 to end a former commission lawyer's discrimination claims alleging she was denied a promotion due to her race and age, according to court documents filed in Pennsylvania federal court on Thursday.
The Resorts Companies Inc. announced that the firm has appointed as its general counsel John Alvarez, who comes to the hospitality company from Holiday Inn Club Vacations.
Pamela Hicks, the former U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives chief counsel fired by Attorney General Pam Bondi in February, announced this week that she has teamed up with another federal agency alum to form a boutique focused on defending federal workers.
Pennsylvania-based Geisinger Health has brought on Envision Healthcare's former general counsel to serve as the company's top in-house attorney and lead the legal department.
Fastly Inc., a cloud computing services provider, has named a new chief legal officer with 20 years' experience, including as deputy general counsel at Cisco Systems Inc.
The Teachers Insurance Annuity Association of America on Thursday named one of its own in-house attorneys as its new chief legal officer, effective next month.
The 30 largest U.S. law firms have more LinkedIn followers, but smaller firms in the top 200 have higher engagement rates despite fewer followers on the platform, according to a report released Thursday by BTI Consulting Group.
Adobe Inc. announced Wednesday it is bringing in a technology industry veteran who most recently was the general counsel of Roku as its new chief legal officer.
Oberlin College's former top in-house attorney has been tapped by Lehigh University to replace its retiring general counsel.
A longtime Eli Lilly & Co. attorney is set to take over as global general counsel at Takeda Pharmaceutical Co. this summer, the company said Tuesday.
Tonix Pharmaceuticals has found as its new general counsel a former Celgene Corp. lawyer involved in that company's integration with Bristol Myers Squibb.
A promotion to partner or election to practice group chair means a slew of new responsibilities and also lots of well-deserved recognition. Law360 reveals the list of attorneys whose commitment to legal excellence earned them highly coveted spots in the law firm leadership ranks. Find out if your old legal friends — or rivals — moved up in the first quarter of the year.
As law firms continue to wrestle with return-to-office policies, many are being pulled toward one or the other of two extremes: the rigidity of a five-day in-office schedule and the laissez-faire approach of a flexible three-day hybrid model — but a four-day in-office workweek may be the sweet spot, says Paul Manuele at PR Manuele Consulting.
As the legal world increasingly adopts generative artificial intelligence, lawyers and firms must develop and utilize strong prompting skills, keep a pulse on forthcoming tech evolutions, and remain steadfast to ethical obligations, say Michele Carney at Carney & Marchi and Marty Robles-Avila at BAL.
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Biz Development Tip Of The Month: Prioritize ConnectionsOne reason business development in the legal industry seems so mysterious is because human relationships are so complex, but lawyers can reorient their thinking in two important ways to drive the process of connecting with new colleagues and contacts, say Jamie Lawless and Angela Quinn at Husch Blackwell.
Successful private equity exits with strong returns have solidified India's buyout market as an increasingly attractive destination for future investments, offering compelling reasons for the U.S. legal community to overcome its caution on the country's markets, says Vaishali Movva at Eimer Stahl.
While firms are busy allocating resources and assessing client demand, individual attorneys should use the start of the year to slow down and create a personal business plan, which can be accomplished with a few steps, say Elizabeth Gooch, Teri Robshaw and Chris Newman at McDermott.
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Talking Mental Health: Caring For Everyone As A Firm LeaderReid Phillips at Brooks Pierce discusses how he manages the pressure of running a law firm, how sources of stress in the legal industry have changed over the past decade, and what firm leaders should do to help manage burnout and mental health issues among employees.
LinkedIn has several features law firms can use to showcase their capabilities and thought leadership to reach prospective and existing clients, including the Event and Live features, says Sofia Millar at Reputation Ink.
Nikki Hurtado at The Ferraro Law Firm discusses what motivates her to represent victims of catastrophic injuries, how she copes with the emotional toll of such cases, and what other attorneys taking on similar cases can do to protect their mental well-being.
Law firms are expected to continue consolidating in the year to come, and because these mergers require a different kind of playbook, firm leaders must carefully consider office culture nuances, professional services economics and talent retention strategy before any merger, say directors at FTI Consulting.
In a market where clients have more options, tighter budgets and higher expectations, firms must figure out how to differentiate themselves without discounting their rates, and several practical strategies for pitching, pricing and early-engagement communication can help, says Shireen Hilal at Maior Strategic Consulting.
Law firm revenue cycles are becoming more complex and time-consuming, but hiring dedicated revenue cycle personnel can help streamline the process and reduce the burden on attorneys, says Christine Indiano at Harbor Global.
By initiating planning and processes to evaluate personal retirement goals and firm value early, longtime solo practitioners and small-firm owners can unlock a range of possibilities and potential buyers, setting up for a profitable exit and a rewarding transition, says Brent Daub at Gilson Daub.
When crafting an appellate brief, the focus for most lawyers is the argument section, but other sections also offer strategic opportunities to shape the court's perception of the case and favorably frame the issues, say attorneys at Frost Brown.
Kate Driscoll at Morrison Foerster suggests six questions to help candidates evaluate whether a secondment will benefit their career.