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August 23, 2024 | The American Lawyer

Am Law 50 Law Firms 'Outpacing' the Industry More in 2024, as Segmentation Accelerates

"It is a bit of a vicious cycle for the rest of the industry to observe. It allows these elite firms to continue to pull away, as long as they continue to focus on those higher client value opportunities," noted one industry consultant.
5 minute read
August 19, 2024 | New York Law Journal

CPLR 5704 Is a Powerful, but Poorly-Defined, Tool That Highlights Department Differences

CPLR Section 5704 ("Review of ex parte orders") provides an avenue for Appellate Division review of such a refusal to sign an order to show cause. Unfortunately, however, New York courts have yet to provide clear guidance on when such applications will or will not be granted.
8 minute read
August 14, 2024 | Corporate Counsel

More CEOs May Unleash Buyout Offers, Creating Hornet's Nest of Challenges for Boards

23andMe set up an independent board committee and hired legal and financial advisers to work with it after CEO Anne Wojcicki offered to take the company private.
6 minute read
August 14, 2024 | The American Lawyer

Partners Confront 'Deeply Uncomfortable' Client Communications on Soaring Billing Rates

Law firms are increasingly relying on engagement letters or online e-billing platforms to alert clients of rate increases, even though less personalized communication can frustrate clients, sources say.
6 minute read
August 13, 2024 | The American Lawyer

Deal Watch: AI Race Changes Deal Market, Influencing Capital Markets, Energy, Real Estate Practices

Simpson Thacher partner David Azarkh said the need for capital to support AI companies and those in the energy, data, infrastructure and real estate industries "will mean additional capital markets offerings."
8 minute read
Law Journal Press | Digital Book District of Columbia Legal Malpractice Law 2024 Authors: Shari L. Klevens, Alanna G. Clair View this Book

View more book results for the query "Wells Fargo"

August 12, 2024 | The American Lawyer

Productivity Is Up. But Expecting It to Continue May Be a 'Tenuous Proposition'

Some observers question the value of the metric, as AI threatens to transform the profession and hefty billing rate growth plays an outsized role in firm profits.
5 minute read
August 08, 2024 | New York Law Journal

Fuzzier Pathways, Changing Priorities Dent Appeal of Partnership to Today's Young Attorneys

Statistics show the majority of associates don't want to make partner at their current firms. One difference from past generations is that millennials and Gen-Z have been encouraged to find greater purpose in their lives.
8 minute read
August 08, 2024 | The American Lawyer

'Do I Want to Make Partner?' Here's Why More Are Answering 'No'

"I don't think that's because younger lawyers aren't willing to make the number of billable hours," one associate said, "it's more because that path is not as clear as maybe it used to be."
8 minute read
August 06, 2024 | New York Law Journal

Departmental Schism Re Post-Judgment Reviewability of Sua Sponte Orders Continues

"The statute and 'Sholes' impose an onerous time-consuming process upon the aggrieved party who may be in need of immediate relief from a sua sponte order," writes Elliott Scheinberg.
8 minute read
August 05, 2024 | The American Lawyer

Deal Watch: How Latham Got the Work Behind the Largest IPO of 2024

In something of a departure from Latham's traditional IPO work, the firm ushered Lineage through the full process of funding the company, scaling it, making acquisitions and, now, a public offering.
12 minute read

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