| DIVERSITY SNAPSHOT
While U.S. law firms have long vowed to make their ranks more diverse and inclusive, the industry has long failed to deliver on those promises. Here are the firms making some headway, according to this year’s Diversity Snapshot.
Efforts to increase diversity have again yielded few meaningful changes in law firm demographics, according to Law360’s annual headcount survey, even as law schools continue to enroll students of color in increasing numbers.
Despite the proliferation of diversity committees and inclusion initiatives, corporate law firms remain overwhelmingly white and male, especially at leadership levels. Here, minority attorneys discuss their reasons for leaving a large firm.
The often-informal processes for deciding matters like compensation at law firms can create, as one expert put it, a “petri dish” for the effects of unconscious bias. Here’s how some firms are looking to shake up the system.
For years law firms have had programs aimed at increasing attorney diversity, but nothing is working. On this week’s Pro Say podcast we take a look at our latest survey of diversity at law firms, and unpack what experts say are the things that could actually move the needle on this issue.
The first six months of the year yielded rulings on many critical insurance issues, including the New York high court’s holding that an insurer cannot be held liable for a policyholder’s cleanup costs for years in which no pollution insurance was available and a Washington appeals court’s decision that insurance adjusters can be sued for bad faith. Here, Law360 looks at five of the biggest insurance decisions from the first half of 2018.
AXA Insurance Co. must defend an au pair placement agency in a class action alleging the company took part in a scheme to set unreasonably low pay rates for program participants, a Colorado federal judge ruled Friday, saying the insurer’s duty was triggered because the underlying suit includes a potentially covered negligent misrepresentation claim.
An Indiana federal court ordered Wells Fargo and a Brazilian guarantor Friday to pay more than $2.5 million plus interest and attorneys’ fees to their lender after the two defaulted on a $6 million loan.
POLICY & REGULATION
Twenty Republican senators encouraged the U.S. Department of Labor on Friday to pull the trigger on a rule allowing small businesses to band together to create employee health plans, urging the agency to publish the finished rule now that the White House Office of Management and Budget has approved it.
Aetna Life Insurance Co. has flouted the terms of two of its health plans by denying coverage for mental health and substance abuse treatment at wilderness programs and residential treatment centers, according to a proposed class action filed in Florida federal court Thursday.
The insurer of a building where a worker alleges he was seriously injured has asked a Pennsylvania federal court to order Liberty Mutual Insurance, which provides an underlying umbrella liability policy, to own up to the policy’s full $5 million of additional coverage and not just the $1 million it says it’s responsible for.
Two real-estate insurance companies escaped accusations of fraud from two former customers when the Third Circuit ruled Thursday that the alleged activity did not occur long enough to establish a pattern of racketeering.
A federal magistrate judge in Louisiana has removed a lawsuit from state court against a German insurance company that issued a policy covering a now-bankrupt $300 million heating pellet facility, finding that the matter invokes an international arbitration clause.
The last week has seen AIG lodge a claim against a major European construction operation, two Hong Kong asset managers sue Noble Group, and a new suit against RBS and NatWest. Here, Law360 looks at those and other new claims in the U.K.
Excess directors and officers insurers have become increasingly aggressive in denying coverage based on a line of cases holding that exhaustion language found in many excess D&O policies requires full payment from underlying insurers. Policyholders incorporated in Delaware can alleviate this risk by litigating the issue in Delaware courts, says Daniel Wolf of Gilbert LLP.
The deadline for appealing the Fifth Circuit’s decision on the amended fiduciary rule to the U.S. Supreme Court expired on June 13, and — pending the Fifth Circuit’s mandate ordering the U.S. Department of Labor to officially strike it down — the rule is no more. So, what now? Will the clock be turned back to an earlier time? Maybe not completely, say Andrew Oringer and Aryeh Zuber of Dechert LLP.
For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.
Sidley Austin LLP joined Freshfields Bruckhaus Deringer LLP, Clifford Chance LLP and at least four more firms on Friday in announcing they’ll match Cravath Swaine & Moore LLP’s increased associate pay scale.
Female lawyers took to Twitter this week to share experiences of sexual harassment in their professional lives after a Senate Judiciary Committee hearing on such harassment in U.S. courts.
The amount of individual stock held in public companies by U.S. Supreme Court justices declined once again in 2017, but three members of the high court’s bench still combine to hold shares in more than 40 entities, according to an analysis of financial disclosures released Thursday by watchdog group Fix the Court.
A retail industry association, Comcast Corp. and others continue to urge the Federal Communications Commission to create a database of reassigned phone numbers that would come with a liability shield for those who use it, a federal judge ruled AT&T can complete its $85 billion purchase of Time Warner, and the European Union has moved forward in establishing a new blocwide cybersecurity agency that proponents say will promise a level of data security on products like connected cars and smart medical devices. These are some of the stories in corporate legal news you may have missed in the past week.
For those who missed out, here’s a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.