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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.
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.
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.
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.
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.
Counsel for Nadine Menendez in a bribery case that toppled her husband, former U.S. Sen. Robert Menendez, asked a New York federal judge to delay her January trial date because it would likely conflict with the trial of another client facing charges in March in the 2021 Capitol insurrection.
A New Jersey appellate panel has backed a state judge's decision not to recuse herself from a dependency case involving a law she sponsored in her previous role as a member of the New Jersey General Assembly, issuing a precedential ruling that the judge's knowledge of the law would not harm her ability to interpret it fairly.
Ethics experts have a warning for New Jersey lawyers about social media: It's a bigger part than ever of the modern practice of law, but it can be like wading through a minefield of client confidentiality issues.
New Jersey law firm Post Polak PA has been hit with a state whistleblower lawsuit from a former associate alleging that she was fired over her handling of a public records case against Englewood Cliffs and her disagreements with the town mayor.
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.
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.
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.
New Jersey Attorney General Matt Platkin has rebuffed attacks from businessman George Norcross and others charged in his office's sprawling racketeering case in a pair of opposition filings, accusing the defendants of attempting to try the case in the press and contending that their argument to toss the case is out of place.
Chiesa Shahinian & Giantomasi PC will bring on five attorneys from business law boutique Greenberg Dauber Epstein & Tucker as the Newark, New Jersey, boutique shutters its operations amid the move, strengthening Chiesa Shahinian in corporate, securities and litigation matters.
Pashman Stein Walder Hayden PC has moved for summary judgment in New Jersey state court in a fee dispute with a former client who hired the firm to represent him in a fight with his former law partners about the shutdown of their previous firm.
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.
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.
Sen. Mazie Hirono, D-Hawaii, a senior member of the Senate Judiciary Committee, on Friday pushed back against a deal Democrats and Republicans cut earlier this week that obligates Democrats to forgo votes on four appellate picks.
A New Jersey cannabis dispensary has moved to dismiss a suit from Lowenstein Sandler LLP seeking nearly $800,000 in unpaid fees, telling a state court that the firm did not give the proper notice before suing over the fee dispute.
Law school faculties are becoming more racially diverse and include a greater share of women, who make up a majority of faculty members entering the profession in the past 20 years, according to a report out this week from the Association of American Law Schools.
Goldman Ismail Tomaselli Brennan & Baum LLP, King & Spalding LLP, Holland & Knight LLP and Barnes & Thornburg LLP lead this week's list of Law360 legal lions for beating a Pennsylvania state court lawsuit brought against Bayer AG unit Monsanto by a woman who said she got cancer by using the weed killer Roundup.
The legal industry had another busy week as President-elect Donald Trump sought to dismiss his hush money trial and BigLaw firms elevated attorneys amid soaring billing rates. Test your legal news savvy here with Law360 Pulse's weekly quiz.
The latest law firms to follow Milbank LLP on 2024 associate bonuses late Thursday and into Friday run the gamut from global giant to boutique, according to firm memos shared with Law360 Pulse and media reports.
A federal judge sent 39 lawsuits alleging violations of a New Jersey judicial privacy law back to state courts, finding the district lacks subject matter jurisdiction.
Democrats and Republicans cut a deal Wednesday night to advance district court nominees before the year ends, while dropping four circuit court picks from confirmation efforts, Law360 has confirmed.
Attorney team leaders have a duty to attend to the mental well-being of their subordinates with intention, thought and candor — starting with ensuring their own mental health is in order, says Liam Montgomery at Williams & Connolly.
As law firms begin planning next year's summer associate events, they should carefully examine how choice of venue, activity, theme, attendees and formality can create feelings of exclusion for minority associates, and consider changing the status quo to create multiculturally inclusive events, says Sharon Jones at Jones Diversity.
Series
Ask A Mentor: How Do I Negotiate Long-Term Flex Work?Though the pandemic has shown the value of remote work, many firms are still reluctant to embrace flexible working arrangements when offices reopen, so attorneys should use several negotiating tactics to secure a long-term remote or hybrid work setup that also protects their potential for career advancement, says Elaine Spector at Harrity & Harrity.
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.
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.