Delaware Pulse

  • Epic Tesla Fee Bid May Blaze Extraordinary Chancery Path

    An unprecedented $5 billion-plus stock-based fee award sought by class attorneys who recently short-circuited Tesla CEO Elon Musk's 12-step, $51 billion compensation package has set up an equally unprecedented test for Delaware Court of Chancery fee guidelines and a potential award one law expert described as "dynastic wealth."

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    The Firms Charging Into Secondary Cities As BigLaw Retreats

    While top-tier firms have recently tapered their migration to secondary legal markets, firm leaders and recruiters say these locations continue to hold appeal for midtier firms, citing advantages such as lower expenses and competitive billing rates.

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    Where E-Discovery Generative AI Efforts Currently Stand

    More e-discovery companies are announcing new capabilities that harness the power of generative artificial intelligence, but I'm hearing confusion among some law firm leaders about the immediate availability of the tools in a more crowded legal tech market.

  • Terraform Says Creditors Sabotaging Dentons Retention

    A Delaware bankruptcy judge on Tuesday allowed Terraform Labs unsecured creditors time to catch up on a dispute over the debtor's Denton's retention, a request Terraform dubbed "sabotage" of its defense in an upcoming $40 billion securities fraud trial.

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    MG+M Opens In NJ, Adds 4-Atty Team From McElroy Deutsch

    Manning Gross & Massenburg LLP announced Tuesday that it has launched an office in northern New Jersey and brought on a team of four attorneys who came aboard from McElroy Deutsch Mulvaney & Carpenter LLP.

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    Tully Rinckey's Atty Contracts Offer Warning To Other Firms

    The ongoing disciplinary case against the founders of Tully Rinckey PLLC over restrictions the firm placed on departing attorneys is an unusual one, but experts say it's still an important reminder for lawyers to be mindful of the ethical considerations of their employment agreements.

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    Fish & Richardson Leader On Thriving During Pandemic

    Fish & Richardson PC announced Monday that it had reelected president and CEO John Adkisson to a second term. Here, Adkisson talks to Law360 Pulse about navigating the firm through the pandemic with record profits and his goals for the next four years.

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    The Most Notable Numbers For 2024 Mid-Law Promotions

    Partnership promotions among Mid-Law firms ticked downward during the 2024 promotion cycle, with average class sizes falling below five partners, based on an analysis of announcements from mid-size and regional firms.

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    Southeast, Michigan Highlight Mid-Law Partner Promotions

    A survey by Law360 Pulse of Mid-Law partner promotion class announcements shows Southeastern markets like Alabama, Georgia and the Carolinas started 2024 with heavy growth, while Michigan-based firms saw a substantial increase from previous years.

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    Number Of Women In Mid-Law Partner Classes Stays Stagnant

    The percentage of female attorneys in this year's partnership classes among Mid-Law firms remained constant, with experts saying that although midsize and regional firms tend to do better than their BigLaw cousins, work remains to be done if firms are to reach gender parity among their partner ranks.

  • $22M Deal Proposed In Golden Nugget-DraftKings Merger Suit

    Golden Nugget Online Gaming Inc. and public stockholders who challenged the venture's $1.56 billion all-stock sale to DraftKings Inc. in Delaware's Court of Chancery have agreed to settle the case for $22 million, with up to 23% reserved for class attorneys.

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    'Bright Line' Recusal Rule May Be Challenging To Fed. Judges

    A new ethics opinion clarifying when federal judges should step aside from cases when they own stock in a party's parent company is a positive step toward transparency, but it also creates a lot of work for judges and may not have much practical impact, according to experts.

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    Fish & Richardson Reelects CEO To 2nd Term

    Global intellectual property law firm Fish & Richardson PC announced Monday that John Adkisson had been reelected to serve a second four-year term as president and CEO.

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    Tesla Stock For Fees? Attys Who Got Musk's Pay Cut Say Yes

    The lawyers who convinced the Delaware Chancery Court to scuttle Elon Musk's proposed $55 billion Tesla compensation package on Friday filed a request for legal fees that came with a twist — they want to be paid in Tesla stock that rounds out to about $5.6 billion.

  • Law360's Legal Lions Of The Week

    Susman Godfrey LLP and Truelove Law Firm lead this week's edition of Law360 Legal Lions after a Texas state jury awarded $287 million to Dutch telecommunications company Koninklijke KPN in a contract dispute with Samsung Electronics Co.

  • Voir Dire: Law360 Pulse's Weekly Quiz

    February ended with a bang as BigLaw made moves and the Supreme Court waded into former President Donald Trump’s legal woes. Test your legal news savvy here with Law360 Pulse’s weekly quiz.

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    Clerk Database Founder On Cruel Judges, Law School Inertia

    This month, the Legal Accountability Project will launch an online clerkship database consisting of more than 800 reviews of state and federal judges. Access will be limited to law students undergoing the clerkship application process and seeking honest assessments of their would-be bosses.

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    How Aspiring GCs Can Be Sure Their Comp Packages Are Fair

    The beginning of proxy season is upon us, which means we can gain insight into compensation packages for public companies' legal chiefs. But how can lawyers, especially those stepping into their first general counsel role, be sure their own compensation is fair and reasonable?

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    Troutman Pepper Launches Team To Address Cyberattacks

    Troutman Pepper Hamilton Sanders LLP is addressing the threat to businesses from cyberattacks and data breaches with a new incidents and investigations team led by firm veterans on both sides of the country with deep expertise in data security and privacy issues.

  • Chancery Rejects Leadership Bid Over Lack Of Del. Counsel

    A Delaware vice chancellor has denied a three-firm leadership bid in stockholder litigation over alleged mismanagement at a medical clothing company because no First State attorneys were on the proposed lead counsel team.

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    Wilson Sonsini, Fenwick West Back Atty-Founded Equity Tool

    Global equity platform Slice Global Inc., which uses artificial intelligence to ensure that companies issuing equity to international employees stay in compliance with laws and regulations, secured a $7 million seed funding round on Thursday.

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    Law Firm Real Estate Report

    The expansion of law firm footprints in North Carolina and Florida, a couple of homecomings in Minnesota and Sarasota, Florida, and the completion of a multimillion-dollar renovation in Houston were among some of the biggest real estate moves for law firms in February.

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    Inside BigLaw's 'Tremendous' Hunger For Restructuring Attys

    Even as the economy appears poised to pick up steam in 2024, BigLaw firms are still aggressively adding restructuring capabilities, with a number of recent lateral hires reflecting the glut of work still to be found in the practice area.

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    Meet The Judge Handling Biotech Biz NanoString's Ch. 11

    U.S. Bankruptcy Judge Craig T. Goldblatt is presiding over the Chapter 11 in Delaware of NanoString Technologies Inc. as the company moves forward with a possible sale of its assets.

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    DLA Piper Names New Global Managing Partner

    DLA Piper announced Thursday that partner Richard Chesley will step into the newly created role of global managing partner to oversee the development of cross-border business initiatives and expansion of global relationships.

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