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To some, a recent report's finding that nearly 60% of legal department leaders expect a reduced reliance on outside legal service providers due to GenAI might be gloomy, but many lawyers view the innovations as a way for clients and counsel to strengthen their relationships.
Attorney discipline, much like the criminal justice system, is rarely a simple math equation where authorities can plug in a type of wrongdoing and an appropriate punishment is spit out.
When newly appointed general counsel Cynthia Adams signed off on TD Bank's whopping $3 billion penalty for money laundering on Thursday, the penalty became further evidence that financial institutions are among the companies that most often find themselves in the cross-hairs of enforcement agencies.
Etsy-counsel-turned-playwright Sarah Feingold wrote "Dirty Legal Secrets," opening in New York Oct. 17, based on dozens of true stories from in-house attorneys.
The former chief legal officer at natural gas company CSI Compressco LP joined Kean Miller LLP's Houston office as special counsel, according to a recent firm announcement.
Maryland-based mental-health care provider Sheppard Pratt announced that an experienced healthcare law attorney from Miles & Stockbridge PC was appointed its new general counsel.
Nancy Prosser stepped down as general counsel of the Multistate Tax Commission on Sept. 25, capping off a long career in the state and local tax field, mostly on the government side. Here, Law360 speaks to Prosser about her career as well as two key policy issues she has been instrumental in shaping.
Deputy Attorney General Lisa Monaco warned compliance officers that TD Bank's historic settlement this month with U.S. authorities over anti-money laundering violations should serve as a lesson, and a report found the country's BigLaw firms have accelerated their environmental sustainability efforts but lack in areas like diversity, equity and inclusion. These are among the stories in corporate legal news you may have missed in the past week.
Three outlier megadeals pushed funding for legal technology companies to $1.57 billion in the third quarter of 2024, up from $392.5 million in the same period last year, but the number of mergers and acquisitions fell by about 50%.
This was another action-packed week for the legal industry as BigLaw firms made a slew of hires and a state judge was admonished for lip synching "Jump" by Rihanna in a TikTok. Test your legal news savvy here with Law360 Pulse's weekly quiz.
TD Bank's historic settlement with U.S. authorities over anti-money laundering violations should serve as a warning for compliance officials and executives at banks across the country, Deputy Attorney General Lisa Monaco said Thursday.
The U.S. Securities and Exchange Commission on Thursday fined a California-based investment adviser that it said raised nearly $4 million through a series of false promises, including deceptive statements about artificial intelligence capabilities.
A former Citibank senior vice president and head of the bank's fair employment practices said Thursday she lost her job after becoming pregnant and suffering from pregnancy-related complications, accusing Citibank of discrimination.
Inflammatix Inc., a medical diagnostics company working on a novel testing technology, said Thursday that it has named a new general counsel and two other executives to help launch the new product once it receives final approval.
Pierson Ferdinand LLP announced Thursday that it has enlisted a former solo practitioner and experienced general counsel to grow its emerging companies and cannabis, hemp and CBD practices, areas the firm has targeted for investment.
Iroquois Gas Transmission System LP will begin the new year with a host of leadership changes, including the retirement of its general counsel-turned president.
A longtime Miller Nash LLP partner who formerly co-chaired the firm's sports law practice was named chief legal officer of the Seattle Sounders and Reign, the city's professional men's and women's soccer teams, according to a recent announcement.
New Jersey-based Peapack-Gladstone Financial Corp. on Wednesday announced the hire of an experienced banking attorney who most recently worked as a senior counsel for Metropolitan Commercial Bank.
Mobile game platform Skillz Inc. said in a Wednesday securities filing that it has appointed an established gaming attorney — with nearly 40 years of experience in private practice — to its board of directors.
If you're working, you might as well have fun doing it, Baldor Specialty Foods Inc.'s general counsel told Law360 Pulse during an interview this week, adding that having a sense of humor can calm everyone down and defuse tension.
Manchester United PLC has chosen one of its existing lawyers as general counsel following the departure of Patrick Stewart earlier in 2024, the club confirmed to Law360 Thursday.
UnitedLex Chief Executive Officer James Schellhase has left the role after just one year and is being replaced by general counsel Renee Meisel, the law firm-focused data and professional services company announced Thursday.
A longtime executive at real estate giant Simon Property Group joined real estate boutique A.Y. Strauss's Livingston, New Jersey, office as a partner, according to a recent firm announcement.
Virometix AG, a privately held Swiss biotechnology company developing synthetic vaccines against infectious diseases and cancer, has appointed a globe-trotting former general counsel as chair of its board of directors.
The longtime top lawyer for office supplies powerhouse Staples Inc. was sworn in as board chair for the Association of Corporate Counsel at the trade group's annual meeting in Nashville, the ACC announced Wednesday, after she most recently spent a year as vice chair for the global organization.
Instead of spending an entire semester on 19th century hunting rights, I wish law schools would facilitate honest discussions about what it’s like to navigate life as an attorney, woman and mother, and offer lessons on business marketing that transcend golf outings and social mixers, says Daphne Delvaux at Gruenberg Law.
Female lawyers belonging to minority groups continue to be paid less and promoted less than their male counterparts, so law firms and corporate legal departments must stop treating women as a monolithic group and create initiatives that address the unique barriers women of color face, say Daphne Turpin Forbes at Microsoft and Linda Chanow at the Institute for Inclusion in the Legal Profession.
Opinion
We Need More Professional Diversity In The Federal JudiciaryWith the current overrepresentation of former corporate lawyers on the federal bench, the Biden administration must prioritize professional diversity in judicial nominations and consider lawyers who have represented workers, consumers and patients, says Navan Ward, president of the American Association for Justice.
Series
Ask A Mentor: How Do I Retire Without Creating Chaos?Retired attorney Vernon Winters explains how lawyers can thoughtfully transition into retirement while protecting their firms’ interests and allaying clients' fears, with varying approaches that turn on the nature of one's practice, client relationships and law firm management.
Narges Kakalia at Mintz recounts her journey from litigation partner to director of diversity, equity and inclusion at the firm, explaining how the challenges she faced as a female lawyer of color shaped her transition and why attorneys’ unique skill sets make them well suited for diversity leadership roles.
Navigating the legal world as an Asian American lawyer comes with unique challenges — from cultural stereotypes to a perceived lack of leadership skills — but finding good mentors and treating mentorship as a two-way street can help junior lawyers overcome some of the hurdles and excel, say attorneys at Paul Weiss.
As the need for pro bono services continues to grow in tandem with the pandemic, attorneys should assess their mental well-being and look for symptoms of secondary traumatic stress, while law firms must carefully manage their public service programs and provide robust mental health services to employees, says William Silverman at Proskauer.
As more law firms develop their own legal services centers to serve as both a source of flexible personnel and technological innovation, they can further enhance the effectiveness by fostering a consistent and cohesive team and allowing for experimentation with new technologies from an established baseline, say attorneys at Hogan Lovells.
Amid pandemic-era shifts in education, law schools and other stakeholders should consider the wide geographic and demographic reach of Juris Doctor programs with both online and in-person learning options, and educators should think through the various ways hybrid programs can be structured, says Stephen Burnett at All Campus.
BigLaw has the unique opportunity to hit refresh post-pandemic and enhance attorney satisfaction by adopting practices that smaller firms naturally employ — including work assignment policies that can provide junior attorneys steady professional development, says Michelle Genet Bernstein at Mark Migdal.
In order to attract and retain the rising millennial generation's star talent, law firms should break free of the annual review system and train lawyers of all seniority levels to solicit and share frequent and informal feedback, says Betsy Miller at Cohen Milstein.
Lawyers can take several steps to redress the lack of adequate LGBTQ representation on the bench and its devastating impact on litigants and counsel in the community, says Janice Grubin, co-chair of the Judiciary Committee at the LGBT Bar Association of Greater New York.
Krill Strategies’ Patrick Krill, who co-authored a new study that revealed alarming levels of stress, hazardous drinking and associated gender disparities among practicing attorneys, highlights how legal employers can confront the underlying risk factors as both warnings and opportunities in the post-COVID-19 era.
While international agreements for space law have remained relatively unchanged since their creation decades ago, the rapid pace of change in U.S. laws and policies is creating opportunities for both new and veteran lawyers looking to break into this exciting realm, in either the private sector or government, says Michael Dodge at the University of North Dakota.
Series
Ask A Mentor: What Makes A Successful Summer Associate?Navigating a few densely packed weeks at a law firm can be daunting for summer associates, but those who are prepared to seize opportunities and not afraid to ask questions will be set up for success, says Julie Crisp at Latham.