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General counsel Wei-Ming Shao, who's been with MicroStrategy Inc. for over 25 years, cashed in some $31 million worth of stock in July. An active trader, Shao has sold over 200,000 shares of the company since 2021 for an estimated $78.6 million, according to Quiver Quantitative, which tracks stock trades.
Most lawyers may not think about a bank when they're approaching the transition from associate to partner, but according to Lisa Kohut, head of the Citi Wealth Law Firm Group, her team has become increasingly involved in the process in recent years.
The Law School Admission Council and the Association of American Medical Colleges have each been hit with a proposed class action in Pennsylvania and D.C. federal courts, respectively, by candidates who said the nonprofits conspired with their member schools to charge excessive application fees that have been fixed at the same price regardless of the school.
Sterlington PLLC has recruited a three-person private wealth team from Morgan Lewis & Bockius LLP for its new office in Philadelphia, the latest move by the law firm to boost its services to ultra-high-net-worth individuals, family offices and closely held businesses.
Actress Blake Lively has asked a Manhattan federal judge to sanction the attorney representing "It Ends With Us" co-star Justin Baldoni in her ongoing defamation case, alleging the lawyer repeatedly defied a February court order blocking extrajudicial statements likely to prejudice the case.
Simpson Thacher & Bartlett LLP announced Monday that it has continued its growth in the tax and registered funds spaces, welcoming a partner from Dechert LLP to its New York office.
The firmwide executive compensation and employee benefits chair at Baker Botts LLP became the 20th U.S. lateral partner to join White & Case LLP this year, according to a Tuesday announcement.
Connecticut-based litigation firm Gfeller Laurie LLP announced Tuesday it had expanded its sports and recreation practice group with the addition of three new attorneys who will be based out of the firm's first-ever office in Colorado.
Off-base mass emails, incessant robocalls, and fake exclusive application offers are just a few of the unsavory tactics some report having seen more often in the attorney recruitment market in recent years.
The American Bar Association proposed reducing the size of its board of governors and proportionally cutting the number of seats reserved for women, people of color and other underrepresented groups, as the organization's president Monday reiterated a commitment to "rule of law, due process, access to justice, fairness and diversity."
A Manhattan federal jury on Monday convicted a former compliance lawyer of pilfering from a $20 million line of credit extended to his tax-lien business by a subsidiary of Emigrant Bank.
McGuireWoods LLP announced Monday the firm has grown its private equity offerings in New York with the addition of an attorney from Paul Weiss Rifkind Wharton & Garrison LLP.
The general counsel at Skydance Media will continue to lead the legal department at the close of the company's pending — and controversial — merger with Paramount Global, according to a Monday announcement.
Lowenstein Sandler LLP has added a new partner to its insurance recovery group who has a wide breadth of experience in not only representing corporate policyholders, but also in advising clients in general commercial cases, the firm announced Monday.
Proskauer Rose LLP announced another addition to its structured credit team in New York on Monday, welcoming a former Dechert LLP attorney with a strong background in structured finance insurance solutions.
As generative artificial intelligence tools get better at legal tasks, some court watchers are raising concerns about a possible surge in AI-generated legal filings overwhelming state judicial systems.
Boston-headquartered Nutter McClennen & Fish LLP announced Monday that it has added a total of 13 attorneys in California, New York and Hawaii, marking the single-largest growth in the firm's 146-year history.
A New York state appeals court has declared unconstitutional a statute that mandates a judge forfeit $1,000 to a plaintiff if the judge refuses to issue a writ of habeas corpus.
Craig C. Martin, Willkie Farr & Gallagher LLP's chief for its Americas operations, told À¶Ý®ÊÓÆµ on Friday that he is excited to serve in the newly created post to help steer the continued growth of the firm and ensure that the best services are being provided to clients.
A former shareholder and director of the dissolved New York City real estate law firm Seiden & Schein PCÂ hit back at its $25 million suit accusing him of poaching clients and employees and stealing confidential information, claiming in New York state court that the case is a "calculated" attempt to "smear" him and make him a "scapegoat."
Five years after a disgruntled litigant killed a New Jersey federal judge's son at their home, experts and judges disagree over whether the judicial privacy laws enacted following the shooting are doing much to protect jurists, while political leaders' heated rhetoric makes for an even more dangerous landscape for judges.
Cravath Swaine & Moore LLP and Faegre Drinker Biddle & Reath LLP lead this week's edition of À¶Ý®ÊÓÆµ Legal Lions, after a Ninth Circuit panel affirmed Epic Games Inc.'s 2023 antitrust jury trial win, along with an injunction requiring Google to open its Google Play Store to rivals.
Mintz said Wednesday that it has added a longtime Fenwick & West LLP lawyer who helped his former firm establish itself in New York to its intellectual property prosecution practice.
Smith Gambrell & Russell LLP has announced that an experienced corporate attorney with a venture capital focus has come aboard the firm's New York office as a partner from a local boutique.
Broadfield, a new global law firm with offices in the United Kingdom and Hong Kong, announced Wednesday that it is setting up its first U.S. office in New York with a team of five founding partners who previously worked for Venable LLP, Dentons, Otterbourg PC and Robinson & Cole.
Series
Ask A Mentor: How Can I Help Associates Turn Down Work?Marina Portnova at Lowenstein Sandler discusses what partners can do to aid their associates in setting work-life boundaries, especially around after-hours assignment availability.
Although artificial intelligence-powered legal research is ushering in a new era of legal practice that augments human expertise with data-driven insights, it is not without challenges involving privacy, ethics and more, so legal professionals should take steps to ensure AI becomes a reliable partner rather than a source of disruption, says Marly Broudie at SocialEyes Communications.
With the increased usage of collaboration apps and generative artificial intelligence solutions, it's not only important for e-discovery teams to be able to account for hundreds of existing data types today, but they should also be able to add support for new data types quickly — even on the fly if needed, says Oliver Silva at Casepoint.
With many legal professionals starting to explore practical uses of generative artificial intelligence in areas such as research, discovery and legal document development, the fundamental principle of human oversight cannot be underscored enough for it to be successful, say Ty Dedmon at Bradley Arant and Paige Hunt at Lighthouse.
The legal profession is among the most hesitant to adopt ChatGPT because of its proclivity to provide false information as if it were true, but in a wide variety of situations, lawyers can still be aided by information that is only in the right ballpark, says Robert Plotkin at Blueshift IP.
Series
Ask A Mentor: How Can I Use Social Media Responsibly?Leah Kelman at Herrick Feinstein discusses the importance of reasoned judgment and thoughtful process when it comes to newly admitted attorneys' social media use.
Attorneys should take a cue from U.S. Supreme Court justices and boil their arguments down to three points in their legal briefs and oral advocacy, as the number three is significant in the way we process information, says Diana Simon at University of Arizona.
In order to achieve a robust client data protection posture, law firms should focus on adopting a risk-based approach to security, which can be done by assessing gaps, using that data to gain leadership buy-in for the needed changes, and adopting a dynamic and layered approach, says John Smith at Conversant Group.
Laranda Walker at Susman Godfrey, who was raising two small children and working her way to partner when she suddenly lost her husband, shares what fighting to keep her career on track taught her about accepting help, balancing work and family, and discovering new reserves of inner strength.
Series
Ask A Mentor: How Can I Turn Deferral To My Advantage?Diana Leiden at Winston & Strawn discusses how first-year associates whose law firm start dates have been deferred can use the downtime to hone their skills, help their communities, and focus on returning to BigLaw with valuable contacts and out-of-the-box insights.
Female attorneys and others who pause their careers for a few years will find that gaps in work history are increasingly acceptable among legal employers, meaning with some networking, retraining and a few other strategies, lawyers can successfully reenter the workforce, says Jill Backer at Ave Maria School of Law.
ChatGPT and other generative artificial intelligence tools pose significant risks to the integrity of legal work, but the key for law firms is not to ban these tools, but to implement them responsibly and with appropriate safeguards, say Natalie Pierce and Stephanie Goutos at Gunderson Dettmer.
Opinion
We Must Continue DEI Efforts Despite High Court HeadwindsThough the U.S. Supreme Court recently struck down affirmative action in higher education, law firms and their clients must keep up the legal industry’s recent momentum advancing diversity, equity and inclusion in the profession in order to help achieve a just and prosperous society for all, says Angela Winfield at the Law School Admission Council.
Law firms that fail to consider their attorneys' online habits away from work are not using their best efforts to protect client information and are simplifying the job of plaintiffs attorneys in the case of a breach, say Mark Hurley and Carmine Cicalese at Digital Privacy and Protection.
Though effective writing is foundational to law, no state requires attorneys to take continuing legal education in this skill — something that must change if today's attorneys are to have the communication abilities they need to fulfill their professional and ethical duties to their clients, colleagues and courts, says Diana Simon at the University of Arizona.