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As nonequity partnership tiers expand across U.S. law firms, experts warn that the model, while effective for retaining talent and controlling costs, demands disciplined management oversight to avoid becoming a liability.
Bradley Arant Boult Cummings LLP has hired the former chief legal officer of Texas Regional Bank to bolster its banking and financial services practice group.
Greenberg Traurig LLP has strengthened its labor and employment practice with the addition of a Bracewell LLP attorney in Houston, boosting the firm's ability to serve clients in the growing Texas market and beyond.
Munsch Hardt Kopf & Harr PC on Wednesday announced that it has tapped shareholders in Dallas and Houston to lead its women's initiative group, a program designed to support the advancement, retention and public profile of female lawyers across the firm.
Domestic lawyer headcount growth among the 400 largest law firms in the U.S. picked up speed in 2024, rising 3.1% on average and outpacing growth the previous year, but experts say the winds that bolstered that expansion may have shifted as a result of macroeconomic uncertainty.
Many of the largest law firms in the U.S. had a strong year in 2024. And as demand for their services ticked upward they invested in bench strength, boosting the number of lawyers available to assist clients, our latest ranking of the largest U.S. law firms shows.
Following a string of departures from the firm now known as Taylor Duma LLP — most notably a former name partner and a onetime managing partner — founding partner and Chairman Marc A. Taylor said the midsize law firm has a plan to grow in a more efficient and agile manner.
Even as lawyers have returned to the office in larger numbers than in the years during and immediately following the COVID-19 pandemic, hybrid in-person and remote work remains the norm at law firms today, which have turned their focus to creating flexible, collaborative spaces that "link presence to purpose," according to the results of a survey released this week.
Fish & Richardson PC announced Wednesday that an experienced intellectual property lawyer with a doctorate in chemistry has rejoined the firm as of counsel in the Houston office after retiring last year.
Houston litigation boutique Yetter Coleman LLP has added a senior counsel to its intellectual property litigation group from Dell Technologies whose combination of legal and technical expertise boosts the firm's ability to serve clients across a range of industries centered on emerging technologies.
Retired U.S. Bankruptcy Judge Joan N. Feeney has been chosen to mediate a dispute between Jackson Walker LLP and the U.S. Trustee's Office over the watchdog's bid to get the firm to forfeit fees from dozens of cases overseen by an ousted judge, setting Feeney up to help resolve one of the most contentious cases to hit the bankruptcy bar in years.
Texas lawmakers wrapped up the state's 89th legislative session this week, passing a number of bills on topics like artificial intelligence and social media, business law and the authorities granted to the attorney general.
Holland & Knight LLP announced Tuesday that it has hired a partner from DLA Piper to enhance its capacity to handle real estate matters for its clients.
A pair of Houston-based former BigLaw trial attorneys have teamed up to form Signal Peak Partners LLC, a litigation funding company with a focus on domestic and international commercial and patent litigation.
Gibson Dunn & Crutcher LLP has bulked up its capital markets practice group with the addition of a Houston-based partner from Kirkland & Ellis LLP, the firm announced Tuesday.
A rebound in client work sent the nation’s largest law firms into growth mode last year, driving a wave of hiring, mergers and strategic moves that reshaped the top tier of the Law360 400. Here's a preview of the 100 firms with the largest U.S. attorney headcounts.
Jackson Walker LLP and the federal government's bankruptcy watchdog have agreed to mediation in their fee dispute stemming from an ethics scandal in Texas, with the two sides agreeing that retired judge Joan N. Feeney should mediate.
H. Lee Godfrey, one of the founders of litigation boutique Susman Godfrey LLP, died on Monday, leaving behind a legacy as a thoughtful leader who performed exceptional work as a trial attorney, firm leaders said.
Holland & Knight LLP has added a former Squire Patton Boggs LLP partner in its Dallas office, bolstering its real estate section.
Akin Gump Strauss Hauer & Feld LLP announced Monday that it has added a former DLA Piper attorney in Dallas who is relocating her investment management practice to Abu Dhabi in the coming months, reinforcing the firm's commitment to growth in the Middle East.
Legal department hires over the past month included high-profile appointments at Adobe, Takeda Pharmaceutical and Duke Energy. Here, Law360 Pulse looks at some of the top in-house announcements from May.
Employer-side labor and employment firm Fisher Phillips announced Monday that it has added a new hire in Houston from Reed Smith LLP who will serve as regional managing partner of the office.
While many in the legal industry may be apprehensive about generative artificial intelligence, leaders at Quinn Emanuel Urquhart & Sullivan LLP are working to get the firm's attorneys excited about the technology and willing to experiment with it in their work.
Susman Godfrey's selection as the head of multidistrict litigation against Microsoft and OpenAI and Benesch's work on an $800 million public offering on behalf of a longtime client lead this edition of Law360 Pulse's Spotlight on Mid-Law Work, recapping the top matters for Mid-Law firms from May 16 to 30.
Clement & Murphy PLLC leads this week's edition of Law360 Legal Lions, after a D.C. federal judge struck down President Donald Trump's executive order targeting WilmerHale.
Law firm culture is often dismissed as a soft factor — merely platitudes on a website that seem disconnected from the bottom line — but by intentionally embedding a strong culture into day-to-day operations, law firms can achieve sustainable success, says Shireen Hilal at Maior Strategic Consulting.
To ensure that lateral partners effectively integrate their books of business, firms should design a structured transition plan based on a few fundamentals, from tracking the right data to implementing meaningful incentives, says Lana Manganiello at Practice Growth Partner.
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.