Delaware Pulse

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    GCs See Data Privacy, ESG As Growing Risk Areas For 2024

    While regulatory compliance remains top of mind for chief legal officers, data privacy, and environmental, social and governance have entered the conversation as leading risks for legal department leaders, according to the results of a new survey.

  • Latham Passes Skadden As Busiest Securities Defense Firm

    Despite a downward trend in securities case filings over the past three years, Latham & Watkins LLP has remained one of the most active law firms on the defense side, taking over the top spot from Skadden Arps Slate Meagher & Flom LLP, according to reports released by Lex Machina.

  • Epic Tesla Fee Bid May Blaze Extraordinary Chancery Path

    An unprecedented $5 billion-plus stock-based fee award sought by class attorneys who recently short-circuited Tesla CEO Elon Musk's 12-step, $51 billion compensation package has set up an equally unprecedented test for Delaware Court of Chancery fee guidelines and a potential award one law expert described as "dynastic wealth."

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    The Firms Charging Into Secondary Cities As BigLaw Retreats

    While top-tier firms have recently tapered their migration to secondary legal markets, firm leaders and recruiters say these locations continue to hold appeal for midtier firms, citing advantages such as lower expenses and competitive billing rates.

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    Where E-Discovery Generative AI Efforts Currently Stand

    More e-discovery companies are announcing new capabilities that harness the power of generative artificial intelligence, but I'm hearing confusion among some law firm leaders about the immediate availability of the tools in a more crowded legal tech market.

  • Terraform Says Creditors Sabotaging Dentons Retention

    A Delaware bankruptcy judge on Tuesday allowed Terraform Labs unsecured creditors time to catch up on a dispute over the debtor's Denton's retention, a request Terraform dubbed "sabotage" of its defense in an upcoming $40 billion securities fraud trial.

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    MG+M Opens In NJ, Adds 4-Atty Team From McElroy Deutsch

    Manning Gross & Massenburg LLP announced Tuesday that it has launched an office in northern New Jersey and brought on a team of four attorneys who came aboard from McElroy Deutsch Mulvaney & Carpenter LLP.

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    Tully Rinckey's Atty Contracts Offer Warning To Other Firms

    The ongoing disciplinary case against the founders of Tully Rinckey PLLC over restrictions the firm placed on departing attorneys is an unusual one, but experts say it's still an important reminder for lawyers to be mindful of the ethical considerations of their employment agreements.

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    Fish & Richardson Leader On Thriving During Pandemic

    Fish & Richardson PC announced Monday that it had reelected president and CEO John Adkisson to a second term. Here, Adkisson talks to Law360 Pulse about navigating the firm through the pandemic with record profits and his goals for the next four years.

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    The Most Notable Numbers For 2024 Mid-Law Promotions

    Partnership promotions among Mid-Law firms ticked downward during the 2024 promotion cycle, with average class sizes falling below five partners, based on an analysis of announcements from mid-size and regional firms.

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    Southeast, Michigan Highlight Mid-Law Partner Promotions

    A survey by Law360 Pulse of Mid-Law partner promotion class announcements shows Southeastern markets like Alabama, Georgia and the Carolinas started 2024 with heavy growth, while Michigan-based firms saw a substantial increase from previous years.

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    Number Of Women In Mid-Law Partner Classes Stays Stagnant

    The percentage of female attorneys in this year's partnership classes among Mid-Law firms remained constant, with experts saying that although midsize and regional firms tend to do better than their BigLaw cousins, work remains to be done if firms are to reach gender parity among their partner ranks.

  • $22M Deal Proposed In Golden Nugget-DraftKings Merger Suit

    Golden Nugget Online Gaming Inc. and public stockholders who challenged the venture's $1.56 billion all-stock sale to DraftKings Inc. in Delaware's Court of Chancery have agreed to settle the case for $22 million, with up to 23% reserved for class attorneys.

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    'Bright Line' Recusal Rule May Be Challenging To Fed. Judges

    A new ethics opinion clarifying when federal judges should step aside from cases when they own stock in a party's parent company is a positive step toward transparency, but it also creates a lot of work for judges and may not have much practical impact, according to experts.

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    Fish & Richardson Reelects CEO To 2nd Term

    Global intellectual property law firm Fish & Richardson PC announced Monday that John Adkisson had been reelected to serve a second four-year term as president and CEO.

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    Tesla Stock For Fees? Attys Who Got Musk's Pay Cut Say Yes

    The lawyers who convinced the Delaware Chancery Court to scuttle Elon Musk's proposed $55 billion Tesla compensation package on Friday filed a request for legal fees that came with a twist — they want to be paid in Tesla stock that rounds out to about $5.6 billion.

  • Law360's Legal Lions Of The Week

    Susman Godfrey LLP and Truelove Law Firm lead this week's edition of Law360 Legal Lions after a Texas state jury awarded $287 million to Dutch telecommunications company Koninklijke KPN in a contract dispute with Samsung Electronics Co.

  • Voir Dire: Law360 Pulse's Weekly Quiz

    February ended with a bang as BigLaw made moves and the Supreme Court waded into former President Donald Trump’s legal woes. Test your legal news savvy here with Law360 Pulse’s weekly quiz.

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    Clerk Database Founder On Cruel Judges, Law School Inertia

    This month, the Legal Accountability Project will launch an online clerkship database consisting of more than 800 reviews of state and federal judges. Access will be limited to law students undergoing the clerkship application process and seeking honest assessments of their would-be bosses.

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    How Aspiring GCs Can Be Sure Their Comp Packages Are Fair

    The beginning of proxy season is upon us, which means we can gain insight into compensation packages for public companies' legal chiefs. But how can lawyers, especially those stepping into their first general counsel role, be sure their own compensation is fair and reasonable?

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    Troutman Pepper Launches Team To Address Cyberattacks

    Troutman Pepper Hamilton Sanders LLP is addressing the threat to businesses from cyberattacks and data breaches with a new incidents and investigations team led by firm veterans on both sides of the country with deep expertise in data security and privacy issues.

  • Chancery Rejects Leadership Bid Over Lack Of Del. Counsel

    A Delaware vice chancellor has denied a three-firm leadership bid in stockholder litigation over alleged mismanagement at a medical clothing company because no First State attorneys were on the proposed lead counsel team.

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    Wilson Sonsini, Fenwick West Back Atty-Founded Equity Tool

    Global equity platform Slice Global Inc., which uses artificial intelligence to ensure that companies issuing equity to international employees stay in compliance with laws and regulations, secured a $7 million seed funding round on Thursday.

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    Law Firm Real Estate Report

    The expansion of law firm footprints in North Carolina and Florida, a couple of homecomings in Minnesota and Sarasota, Florida, and the completion of a multimillion-dollar renovation in Houston were among some of the biggest real estate moves for law firms in February.

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    Inside BigLaw's 'Tremendous' Hunger For Restructuring Attys

    Even as the economy appears poised to pick up steam in 2024, BigLaw firms are still aggressively adding restructuring capabilities, with a number of recent lateral hires reflecting the glut of work still to be found in the practice area.

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Expert Analysis

  • The Importance Of Legal Macroeconomics Education For Attys Author Photo

    Most legal professionals lack understanding of the macroeconomic trends unique to the legal industry, like the rising cost of law school and legal services, which contributes to an unfair and inaccessible justice system, so law school courses and continuing legal education requirements in this area are essential, says Bob Glaves at the Chicago Bar Foundation.

  • What ABA Student Well-Being Standards Mean For Law Firms Author Photo

    While the American Bar Association's recent amendments to its law school accreditation standards around student well-being could have gone further, legal industry employers have much to learn from the ABA's move and the well-being movement that continues to gain traction in law schools, says David Jaffe at the American University Washington College of Law.

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    Ask A Mentor: How Do I Build Rapport In New In-House Role? Author Photo

    Tim Parilla at LinkSquares explains how new in-house lawyers can start developing relationships with colleagues both within and outside their legal departments in order to expand their networks, build their brands and carve their paths to leadership positions.

  • What Attys Should Consider Before Taking On Pro Bono Work
    Excerpt from Practical Guidance
    Author Photo

    Piper Hoffman and Will Lowrey at Animal Outlook lay out suggestions for attorneys to maximize the value of their pro bono efforts, from crafting engagement letters to balancing workloads — and they explain how these principles can foster a more rewarding engagement for both lawyers and nonprofits.

  • 7 Ways Attys Can Improve Their LinkedIn Summaries Author Photo

    Lawyers can use LinkedIn to strengthen their thought leadership position, generate new business, explore career opportunities, and better position themselves and their firms in search results by writing a well-composed, optimized summary that demonstrates their knowledge and experience, says Guy Alvarez at Good2bSocial.

  • How Law Firms And Attys Can Combat Imposter Syndrome Author Photo

    Imposter syndrome is rampant in the legal profession, especially among lawyers from underrepresented backgrounds, leading to missed opportunities and mental health issues — but firms can provide support in numerous ways, and attorneys can use therapeutic strategies to quiet their inner critic, says Helen Pamely at Rosling King.

  • The Law Firm Qualities Partners Seek In Lateral Moves Author Photo

    In 2022, partners considering lateral moves have new priorities, and firms that hope to recruit top talent will need to communicate their strategy for growth, engage on hot issues like origination credit and diversity initiatives, and tailor their integration plans toward expanding partners’ client base, says Gloria Sandrino at Lateral Link.

  • Small Steps Can Help Employers Beat Attorney Burnout Author Photo

    Lawyers are experiencing burnout on a massive, unprecedented scale due to the pandemic, but law firms and institutional players can and should make a difference by focusing on small, practical solutions that protect their attorneys’ most precious personal resource and professional commodity — time, says Chad Sarchio, president of the District of Columbia Bar.

  • The Evolving Role Of The Law Firm Legal Secretary Author Photo

    Technological shifts during the pandemic and beyond should force firms to rethink how legal secretaries can not only better support timekeepers but also participate in elevating client service, bifurcating the role into an administrative support position and a more elevated practice support role, says Lauren Chung at HBR Consulting.

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    Ask A Mentor: How Can I Ace My Upcoming Annual Review? Author Photo

    Jennifer Rakstad at White & Case highlights how associates can emphasize achievements and seek support before, during and after their annual review, despite the pandemic’s negative effects on face time with colleagues and business development opportunities.

  • How Your Law Firm's Brand Can Convey Prestige Author Photo

    In order to be perceived as prestigious by clients and potential recruits, law firms should take their branding efforts beyond designing visual identities and address six key imperatives to differentiate themselves — from identifying intangible core strengths to delivering on promises at every interaction, says Howard Breindel at DeSantis Breindel.

  • How Dynamic Project Management Can Help Law Firms Author Photo

    Law firms looking to streamline matter management should consider tools that offer both employees and clients real-time access to documents, action items, task assignee information and more, overcoming many of the limitations of project communications via email, says Stephen Weyer at Stites & Harbison.

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    Ask A Mentor: How Can I Successfully Switch Practices? Author Photo

    Associates who pivot into new practice areas may find that along with the excitement of a fresh start comes some apprehension, but certain proactive steps can help tame anxiety and ensure attorneys successfully adapt to unfamiliar subjects, novel internal processes and different client deliverables, say Susan Berson and Hassan Shaikh at Mintz.

  • A Road Map For Creating Law Firm Sustainability Programs Author Photo

    Amid demands from clients and prospective hires for greater sustainability efforts, law firms should think beyond reusable mugs and create programs that incorporate clear leadership structures, emission tracking and reduction goals, and frameworks for reporting results, says Gayatri Joshi at the Law Firm Sustainability Network.

  • Why Firms Should Help Associates Do More Pro Bono Work Author Photo

    Associates may hesitate to take on the added commitment of pro bono matters, but such work has tangible skill-building benefits, so firms should consider compensation and leadership strategies to encourage participation, says Rasmeet Chahil at Lowenstein Sandler.

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