Partners

Quinn Emanuel disclosure order highlights relatively new product: judgment preservation insurance

Quinn Emanuel Urquhart & Sullivan must disclose terms of judgment preservation insurance that it allegedly bought before distributing a $185 million fee award to partners, according to a U.S. Court of Federal Claims judge.

Jan 31, 2024 3:39 PM CST

3rd Circuit judicial nominee opposed for ties to a group critics say amplifies ‘antisemitic speech’ and ‘terrorist propaganda’

The nomination of a BigLaw partner to serve on the 3rd U.S. Circuit Court of Appeals at Philadelphia should be withdrawn because of his service as a board member for a group with “a deep history of amplifying antisemitic speech, terrorist propaganda and anti-American rhetoric,” according to a letter to President Joe Biden by a group of Republican members of the U.S. House of Representatives.

Jan 31, 2024 9:14 AM CST

Former Fisher Phillips partner pleads guilty to lesser charge in fatal shooting of his wife

Former Fisher Phillips partner Claud Lee “Tex” McIver III pleaded guilty to involuntary manslaughter on Friday for fatally shooting his wife while riding in an SUV in September 2016.

Jan 29, 2024 11:15 AM CST

Should law firms focus more on work-life balance? Survey finds ‘wide gaps’ in opinions of associates, partners

Lawyers would like to see a greater emphasis on training and mentoring at their law firms, according to a survey released this week by recruiting firm Major, Lindsey & Africa and Law360 Pulse.

Jan 24, 2024 2:26 PM CST

This BigLaw firm is one of few without origination credits; it creates ‘collaborative culture,’ chair says

Covington & Burling is one of the few BigLaw firms that don't use billing or origination credits in determining compensation.

Jan 23, 2024 10:30 AM CST

Lawyer who went for ambulance joyride, former BigLaw partner among those disciplined in Illinois

Updated: Among the attorneys disciplined by the Illinois Supreme Court on Wednesday are a lawyer who led police on a 60-mile chase in an ambulance and a former Polsinelli shareholder who was temporarily barred from a courthouse.

Jan 19, 2024 9:08 AM CST

BigLaw firm concluded partner’s email to Black associate wasn’t racist because ‘he treated other people terribly too,’ suit alleges

Updated: Complaints about discriminatory conduct at Troutman Pepper Hamilton Sanders “were often ignored, and, when they were not, met with gaslighting, apathy or swift retaliation,” according to a lawsuit filed Wednesday by a fired Black female associate.

Jan 17, 2024 2:16 PM CST

For the first time, women make up majority of law firm associates, new NALP report says

Women have a slight majority in the ranks of associates at U.S. law firms, the National Association for Law Placement says in its latest diversity report.

Jan 10, 2024 8:16 AM CST

Former BigLaw partner gets suspension over side law practice

A former Crowell & Moring partner has been suspended in New York for running a side law practice in violation of his partnership agreement and for underreporting the side income to tax authorities.

Jan 9, 2024 8:59 AM CST

At least 30 large law firms have announced leadership changes in the past year; is burnout to blame?

At least 30 large law firms announced leadership changes in the past year or so, corresponding to a period in which firms are focused on growth.

Dec 20, 2023 8:18 AM CST

This BigLaw firm charges nearly $2,500 per hour for top billers’ bankruptcy work

Kirkland & Ellis is raising its top billing rate for bankruptcy work to $2,465 per hour by Jan. 1, according to court filings cited by Reuters.

Dec 19, 2023 9:39 AM CST

Most law firms announcing pay hikes are in this select high-profit club

More than 50 law firms have announced increases in associate pay since Cravath, Swaine & Moore set the standard by increasing salaries by $10,000 to $20,000.

Dec 14, 2023 8:43 AM CST

Shearman partners approved pension cuts before merger; unfunded obligation said to be cut by 50%

Shearman & Sterling has approved cuts to its pension program before the successful vote to merge with Allen & Overy, according to reporting by Law.com.

Dec 11, 2023 10:21 AM CST

Felony murder retrial of former Fisher Phillips partner delayed amid evidence dispute

Updated: The felony murder retrial of former Fisher Phillips partner Claud “Tex” McIver, who is accused of fatally shooting his wife, has been delayed to allow prosecutors to appeal an evidence ruling for the defense.

Dec 5, 2023 12:39 PM CST

Is virtual law firm FisherBroyles about to lose 140 lawyers? Details of ‘significant new venture’ to come

Two practice leaders at virtual law firm FisherBroyles’ have confirmed they are leaving and plan to “announce details of a significant new venture shortly,” according to a report by Law.com. The two lawyers are Joel M. Ferdinand and Michael Pierson, according to Pierson, who confirmed their exit to Law.com. One…

Dec 1, 2023 3:30 PM CST