Some law firm fixes for compensation creep include an emphasis on profitability, capping cash payouts, or cutting shares.

In this week's Legal Speak episode, retired Carlton Fields shareholder Sylvia Walbolt discusses her legal career that's spanned more than 60 years.

The departures of Republican Nathan Simington and Democrat Geoffrey Starke leave the FCC with just two commissioners, GOP Chair Brendan Carr and Democrat Anna Gomez. Without a three-commissioner quorum, any commission-level actions like new rulemaking or waiver requests will be put on hold until the commission has three members.

"The last administration viewed its merger policy as one of deterrence of mergers, and this administration has a more narrow view that it is engaging in targeted law enforcement," said Wilmer Cutler Pickering Hale and Dorr partner David Gringer.

Lira, whose trial was scheduled for next month, pleaded guilty to one count of failing to comply with a court order pertaining to settlements over the Lion Air crash of 2018.

“We do not believe [it] would ever be appropriate for the Maine legislature to suspend the right to vote in this case, because the right to vote does not belong to Laurel Libby," Assistant U.S. Attorney General Harmeet Dhillon argued. "It's not an appropriate punishment.

"We conclude that an award of $140 million in punitive damages was 'ascertainable' from the entry of the first judgment in 2017," the court said. "Neither the district court nor this court has ever held that $140 million is too high. Punitive damages have gone from $700 million to $280 million to $140 million, but that final figure has been ascertainable since 2017."

“These lawyers are not understanding the limitations of these tools," Professor Ifeoma Ajunwa of Emory University School of Law said of general purpose AI products like ChatGPT.

In the annals of corporate fraud, few stories resonate as powerfully as that of Theranos, the Silicon Valley biotech startup that promised to revolutionize blood testing but collapsed under the weight of its own deception. At the heart of this saga is Tyler Shultz, a young whistleblower. This article recounts Tyler's extraordinary journey and invites legal professionals to explore its lessons through our CLE program, which bridges his real-world experience with the ethical obligations enshrined in the Rules of Professional Conduct.

The underlying case involved allegations that Jump Trading LLC facilitated an initial exchange offering for an independent cryptocurrency-gaming developer, but instead allegedly carried out a lucrative "pump and dump" scheme.

Even in the current political climate, general counsel are under mounting pressure to help their companies expand globally.

In previous years, most of the world's largest law firms had made public posts by this point in the month, but this year experts say messaging is muted and budgets are being slashed.

As long as plaintiffs can establish a legal exception to foreign sovereign immunity, they need not also show that a country has had the "minimum" contacts with the United States in order to pursue their legal claims against that nation, the Supreme Court held Thursday.

“That's the conversation now—not whether DEI matters, but whether tracking it this way is still worth the risk," said Jennifer McIver, a legal operations consultant at Wolters Kluwer.

"[T]he timing of Tenreiro's departure appears to have been precipitated by his being assigned to detail in an office with a focus unrelated to his prior work and the agency's offering of a voluntary separation package,” U.S. Magistrate Judge Gabriel W. Gorenstein found.

The U.S. Supreme Court dismissed as "improvidently granted" a case Thursday dealing with the proper size of class actions that federal courts may certify.

Mexico cannot hold leading U.S. firearm manufacturers liable for the wake of gun violence perpetrated by drug cartels that use their weapons, the U.S. Supreme Court held in a unanimous ruling Thursday.

The decision is likely to make it easier for straight and white plaintiffs to allege reverse discrimination under federal civil rights law amid a wave of litigation over workplace DEI policies.

The total number of attorneys at NLJ 500 firms rose 5.5% in 2024 compared with 2023. Whether that head count growth can continue this year is unclear.

The NLJ 500 is the National Law Journal's survey of the 500 largest law firms in the United States covering the previous calendar year.