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Exchanges between Clayton Dubilier & Rice LLC and Cornerstone Building Brands, over what ultimately became the private equity firm's $5.8 billion buyout of the construction materials company in 2022, were clearly price negotiations, and attempts to portray them otherwise are a "farce," a Delaware Chancery Court vice chancellor said Wednesday.
The Third Circuit on Wednesday declined to revive a suit filed by aerospace manufacturer Avco Corp. against its former attorney accusing her of breaching her fiduciary duty when she represented parties that later brought product liability claims against it over a plane crash.
Armstrong Teasdale LLP announced Wednesday that the head of its healthcare and life sciences team had been named general counsel following predecessor Richard Engel's recent election as managing partner.
Some 42% of corporate managing counsel — those in-house lawyers who have other attorneys reporting to them — said in a survey that they have been identified by management as a potential successor to the sitting general counsel.
Duane Morris LLP has tapped a partner who was once U.S. attorney for the Eastern District of Pennsylvania to co-chair the white collar criminal defense, corporate investigations and regulatory compliance division of the firm's trial practice group.
A creditor of a defunct factoring company on Tuesday urged the Third Circuit to give him a cut of a bankruptcy settlement ending the business's fraud claims against its former consultant and law firm Reger Rizzo & Darnall LLP, arguing that a district court erred in determining that his money wasn't among the funds allegedly stolen.
Attorneys for Sirius XM Holdings Inc. shareholders are set to seek up to $12.5 million in connection with a proposed $36 million settlement to end Delaware Chancery Court litigation over a multiyear buyback of company stock launched in 2013.
The number of women and people of color among lawyers reached new all-time highs in 2023, but they remain significantly underrepresented in the partnership ranks, according to a report released Tuesday.
A Delaware vice chancellor granted summary judgment in favor of some legal fee claims Monday, filed by a former engineering company CEO who sued for indemnification in multiple actions after he was targeted in litigation over fraudulent assertion of veteran-owned company preference.
Cozen O'Connor has launched a diversity, equity and inclusion strategies and solutions practice composed of attorneys and professionals from the firm's ancillary businesses with one of its longtime attorneys at the helm.
Despite an upswing in lateral recruitment during the fourth quarter, the legal industry still closed 2023 with about 18% fewer hires than in 2022, according to industry data provided by Firm Prospects, which has been showing signs of recovery since the latter half of 2023.
Now known as Labaton Keller Sucharow LLP, the mid-law firm added chairman and longtime litigator Christopher Keller to the plaintiffs firm’s name this week.
Pandora Media Inc. stockholders won court approval Monday for a $23.5 million cash settlement to end Delaware Chancery Court litigation over the company's $3.5 billion stock-for-stock merger with Sirius XM Radio in 2018, with attorneys securing 100% of the $7.3 million in fees and expenses they requested.
A New Jersey biopharmaceutical company blasted McCarter & English LLP on Friday for launching a "preemptive strike" by mischaracterizing a potential amended malpractice complaint the company was considering filing in state court before the business had permission to do so.
Junior associates at Lowenstein Sandler LLP will be rewarded this year with pay raises that match the prevailing Cravath Swaine & Moore LLP scale.
Covington & Burling LLP secured the top spot on this week's list of Legal Lions after a New York federal judge permanently tossed a proposed class action Tuesday against its client over a Tide laundry detergent label.
Peter Michaud starts his three-year term as chair of Ballard Spahr LLP with an eye toward growth and innovation. The Minneapolis-based attorney talked to Law360 Pulse earlier this week about how his background in transactions can inform his leadership role.
Legal industry news started off with a bang in 2024, with a mass partner departure, more law firm raise and bonus announcements, and a law firm combination, all in the first week of the year. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
Duane Morris LLP has selected a Philadelphia-based attorney who has spent the last two decades with the firm to be the next chair of its health law practice group.
As the calendar turns to a new year, the legal industry welcomes a wave of fresh leaders who are ready to steer their law firms into an era of change.
Quinn Emanuel Urquhart & Sullivan LLP is launching an office in Delaware with the hiring of an attorney who was a partner at boutique firm Abrams & Bayliss LLP for more than seven years and served as chief of staff to former Gov. Jack Markell, the firm said Thursday.
McCarter & English LLP asked a New Jersey state court Thursday to deny a request from a biotech company to amend its complaint accusing the firm of legal malpractice, saying the proposed changes will require new discovery and that the deadline for amendments has passed.
Hunton Andrews Kurth LLP has reportedly fallen in line with the scale Cravath Swaine & Moore LLP set for both bonuses and salary increases.
Morris James LLP has added a corporate litigator to its partnership and promoted an attorney in its medical malpractice group to counsel.
The founder and former chief executive of an Austin, Texas-based biotechnology company has sued the company in Delaware Chancery Court seeking legal fees and expenses for costs he incurred to defend himself in ongoing litigation over alleged breaches of fiduciary duty.
OpinionWe Need More Professional Diversity In The Federal Judiciary
With 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.
SeriesAsk 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.
SeriesAsk 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.
Law firms can attract the right summer associate candidates and help students see what makes a program unique by using carefully crafted messaging and choosing the best ambassadors to deliver it, says Tamara McClatchey, director of career services at the University of Chicago Law School.
OpinionJudges Deserve Congress' Commitment To Their Safety
Following the tragic attack on U.S. District Judge Esther Salas' family last summer and amid rising threats against the judiciary, legislation protecting federal judges' personal information and enhancing security measures at courthouses is urgently needed, says U.S. District Judge Roslynn Mauskopf, director of the Administrative Office of the U.S. Courts.