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Modern Lawyer
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Akerman Increases Promotion Class With 20 New Partners
Akerman LLP announced Tuesday that it had elevated 20 of its attorneys to partner roles, spanning eight practices and 13 offices.
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What Do You Know About BigLaw's Associate Bonus Plans?
BigLaw has ushered in another busy bonus season as law firms announce extra compensation for associates. Test your legal news savvy with a special Law360 Pulse quiz on what firms have announced so far.
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BigLaw's Special Bonuses Are A Hedge Against Uncertainty
When Cravath Swaine & Moore LLP matched Milbank's 2024 bonuses with its own, the storied New York firm did not hand associates a single lump sum with the total amount, but instead chose to separate out year-end bonuses from special bonuses.
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Dechert Associates Bridge Business Acumen Gap At Wharton
Dechert LLP associates from the United States and Europe recently took part in an intensive, three-day program at the Wharton School of the University of Pennsylvania in Philadelphia. Here, Law360 Pulse speaks to Dechert’s co-chair and a firm associate on how the program helped bridge the gap between legal expertise and business acumen.
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High Court Bar's Future: Deputy Solicitor General Brian Fletcher
Principal Deputy U.S. Solicitor General Brian H. Fletcher is the legal equivalent of the coveted five-tool baseball player, who uses his unique intellect to dissect complex issues, quickly develop theories and arguments and level with skeptical U.S. Supreme Court justices, former colleagues and court watchers say.
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2024 Associate Bonus and 2025 Salary Tracker
UPDATED December 20, 2024 | As the year draws to a close, an increasing number of large and other elite law firms are falling in line with a bonus scale set by market leader Milbank LLP, which in many cases puts more money in the pockets of law firm associates than ever before.
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HSF To Open Luxembourg Office Ahead Of Merger
Herbert Smith Freehills LLP will open an office in Luxembourg in 2025, bringing in three lawyers from A&O Shearman and Maples & Calder, ahead of its proposed merger with U.S. firm Kramer Levin later in the same year.
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Simpson Thacher Hires Funds Trio To New Luxembourg Office
Simpson Thacher & Bartlett LLP said Wednesday that it has hired three funds partners for a new office in Luxembourg, which it plans to open in early 2025.
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Bonus Season Heats Up As More Firms Match Milbank's Scale
The 2024 associate bonus season is heating up, with more law firms matching Milbank LLP's year-end and special bonuses and U.K. firms extending the same offering to their U.S.-based attorneys, according to firm memos shared with Law360 Pulse and media reports.
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Congressional Inquiry Practices To Stay Hot With GOP Sweep
As aggressive oversight by lawmakers in recent years has helped grow practices dedicated to handling congressional investigations, attorneys told Law360 Pulse they foresee a continuing demand spike as the new Republican-controlled Congress works to advance President-elect Donald Trump's agenda.
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Ex-Faegre Drinker Atty Files Disability Bias Suit
Faegre Drinker Biddle & Reath LLP was hit with a disability discrimination lawsuit on Monday by a Denver attorney who says she was pushed out after seeking accommodations for hip problems.
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Ropes & Gray Atty Is Kirkland's Latest Debt Finance Hire
Kirkland & Ellis LLP announced the latest of several recent additions to its debt finance group on Monday, a Ropes & Gray LLP partner with a host of multibillion-dollar deals under his belt.
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Citi Global Wealth At Work Has New Head of Law Firm Group
Citi Global Wealth At Work has elevated several key employees to its leadership team to bring fresh thinking to Citi's broader business, including a new law firm group head and two regional managers, the company said in a Monday announcement.
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NJ Equal Pay Law Date Will Guide Atty's Discrimination Suit
Discovery and damages in a former Reed Smith LLP labor and employment attorney's suit claiming gender discrimination will be limited to the effective date of New Jersey equal pay law, a state judge ruled, saying the law doesn't apply retroactively.
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Latham & Watkins Adds Tech Transactions Course To Forage
Latham & Watkins LLP has expanded its offerings on the virtual work experience platform Forage to include a data and technology transactions course, marking the firm's 10th program on the platform.
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BigLaw's Rate Hike Strategy Continues To Pay Off
A few years ago, when large law firm billing rates started to rise at an unprecedented pace, I remember many commentators said it couldn't last for long and that it was only a matter of time before client pushback would begin to swing the pendulum back in the other direction.
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Ropes & Gray Expands NY Presence With New Midtown Lease
Ropes & Gray LLP has signed a new lease with RXR Realty for larger office space in midtown Manhattan due to substantial growth in New York, the firm announced Monday.
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Vinson & Elkins Unveils Expanded Partner Class for 2025
Vinson & Elkins LLP will exceed its partnership class from the prior year, announcing plans to promote 11 attorneys to partner and another 18 to counsel in 2025.
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Gibson Dunn Treated Crypto Client Like 'Hot Potato,' Suit Says
Crypto trading firm Swan Bitcoin hit Gibson Dunn & Crutcher LLP with a malpractice lawsuit in California court Friday, alleging Gibson Dunn dumped Swan "like the proverbial 'hot potato'" in underlying trade secret litigation and tried to take on Swan's rival as a client after a lateral hire created a conflict of interest.
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Law Firm Leasing Surpasses Pre-COVID Rate So Far In 2024
The rate at which U.S. law firms are signing major office leases — those at or above 20,000 square feet — has surpassed pre-pandemic levels, according to new data released by Savills on Monday, showing that while activity is up, firms are divided on whether to expand, downsize or maintain their square footage.
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Cadwalader Adds Hughes Hubbard Investigations Co-Chair
Cadwalader Wickersham & Taft LLP said Monday that it was bolstering its compliance, investigations and enforcement team with the addition of a former U.S. Department of Justice prosecutor who most recently was a practice leader at Hughes Hubbard & Reed LLP.
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Akin Announces Associate Bonuses, 2025 Salary Scale
Akin Gump Strauss Hauer & Feld LLP told Law360 Pulse on Monday it will pay associates and counsel year-end bonuses of between $15,000 and $115,000 and special bonuses of between $6,000 and $25,000, based on seniority, in February.
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Ex-Fox Rothschild Corp. Head Ends Bias Suit Against Firm
Fox Rothschild LLP has resolved a discrimination lawsuit with a former head of its corporate department who claimed he was pushed out of the firm after nearly three decades because of his age, according to a stipulation of dismissal filed Monday in New Jersey state court.
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Pierson Ferdinand Adds Philly Litigator From Gordon Rees
Pierson Ferdinand LLP expanded its litigation team in Philadelphia with the addition of an attorney having expertise in representing nursing home and assisted living facilities, the firm announced Monday.
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Clarilis Teams Up With Addleshaw Goddard On VC Tool
Legal document automation company Clarilis has launched an automated document suite for early-stage venture capital transactions in the U.K. that was developed in partnership with its law firm client Addleshaw Goddard LLP, the company said Monday.
Expert Analysis
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Series
Ideas For Closing BigLaw's Diversity Gap.jpg)
If enough law firms undertake some universal diversity best practices, such as connecting minority lawyers to key client relationships and establishing accountability for those charged with spearheading progress, the legal industry could look a lot different in the foreseeable future, says Frederick Nance, global managing partner at Squire Patton.
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Series
How Law Firms Can Hire And Retain More Black Attorneys
The pipeline of Black lawyers is limited, so BigLaw firms must invest in Black high school students, ensure Black attorneys receive origination credit and take other bold steps to increase Black representation in the industry, says Benjamin Wilson, chairman at Beveridge & Diamond.
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Series
BigLaw Needs More Underrepresented Attorneys As Leaders
Hiring more women, people of color and members of the LGBTQ community to BigLaw positions of power is the first key to making other underrepresented attorneys believe they have an opportunity for a path to leadership, says Ernest Greer, co-president at Greenberg Traurig.
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Series
Advancing Racial Justice In The Legal Industry And Beyond
In addition to building and nurturing a diverse talent pipeline, law firms should collaborate with general counsel, academics and others to focus on injustices within the broader legal system, says Jonathan Harmon, chairman at McGuireWoods.
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Guest Feature
Diversity Work Doesn't Have To Be Reserved For Partners
Serving on my firm's diversity committee as an associate has allowed me to improve access, support and opportunity for minority attorneys at the firm, while building leadership skills and fostering meaningful relationships with firm management and industry professionals, says Camille Bent at BakerHostetler.