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Updated: 1 hour 43 min ago

8 US Firms to Battle Out Didi Global Securities Class Action in US Court

Thu, 2024-03-21 11:48

Quinn Emanuel, Skadden, Wilson Sonsini, Sullivan & Cromwell, Gibson Dunn and O'Melveny are all representing parties in the lawsuit.

       

Judge Clears Negligence Claim to Proceed in Data Breach Suit Against Cohen Cleary

Thu, 2024-03-21 11:13

"Article III standing is a rapidly developing area of the law in the context of data breach class actions. We are pleased that the court found, correctly, that plaintiff has Article III standing to support these claims," said plaintiff's counsel Laura Van Note, a shareholder at Cole & Van Note in Oakland, California.

       

US News Law School Rankings Shrouded in Mystery

Thu, 2024-03-21 10:30

"We expect to see some methodology changes to the rankings this year," Dave Killoran, chief executive officer of PowerScore Test Preparation, told Law.com Wednesday. "If they were to use the same methodology as last year, then anyone could predict the final outcomes since the rankings are built on public data."

       

Big Law Takes Bigger Bet on Contingency Fee Practices

Thu, 2024-03-21 10:00

Kirkland, Crowell, Quinn and Susman Godfrey, among others, have all had financial gains from contingency fee cases. "We've seen a noticeable increase in interest in building out plaintiff side practices," said Evan Meyerson, at Burford Capital.

       

At Goodwin, Growth Investments Scuttle Profits While Revenue Ticked Up

Thu, 2024-03-21 09:00

Despite a higher head count in 2023, Goodwin said it did not plan on any force reductions in 2024.

       

Who Is Responsible for Protecting Lawyers' Mental Health?

Thu, 2024-03-21 05:00

"Human nature is responsible," said Florida State University College of Law professor Lawrence Kriege. "If you look at history, there has been a persistent problem that has plagued mankind forever, and it's called greed. It can be greed for money, greed for power, greed for prestige—but it's greed."

       

US Firms With Expiring Leases Were Much More Likely to Relocate in 2023 Than Stay Put

Wed, 2024-03-20 17:12

Law firm leasing activity hit a square-footage record in 2023, with eight of the 10 largest leases in New York, according to a new report from Cushman & Wakefield.

       

Legal Departments Want to Shake 'Cost Center' Label But Unwittingly Reinforce the Perception

Wed, 2024-03-20 17:02

One challenge for legal departments is that it is hard to demonstrate the value of something not happening—a threatened lawsuit not being filed or a regulatory fine not being assessed.

       

Legal Industry Players Missed a Microsoft AI Loophole That Could Expose Confidential Data

Wed, 2024-03-20 15:55

Sources told Legaltech News that several law firms and legal tech providers dove into integrations with Microsoft's Azure OpenAI Service without noticing the fine print that authorizes Microsoft employees to manually review certain prompts.

       

Superior Court: More Overlap in Case Facts Needed for Insurer to Deny D&O Coverage

Wed, 2024-03-20 15:47

Delaware Superior Court Judge Paul R. Wallace granted a California-based biotech company's motion for partial summary judgment.

       

Ruling on NYC's 'Disparate' Tax System Could Spur Reforms and Valuation Protests

Wed, 2024-03-20 14:54

The decision in an appeal filed by Latham & Watkins attorneys including ex-New York Chief Judge Jonathan Lippman, is not final, but an important step toward possible reform.

       

How One Alaska Ruling Could Contribute to Other State Privacy Laws

Wed, 2024-03-20 14:34

"I really think 'McKelvey' will prove to be a landmark decision because other courts, not necessarily all of them or the majority of them, will follow it because we're in the modern world here, and courts have to be cognizant of technology and the impact on our rights," the defendant's attorney, Robert John in Fairbanks, Alaska, told Law.com.

       

Trump SPAC Asks Judge to Force Vote Over Media Merger

Wed, 2024-03-20 14:01

The merger would net Donald Trump a 90% stake in Trump Media & Technology Group valued at approximately $4 billion. That windfall would come at a time when Trump owes more than half a billion in civil damages.

       

US Judge Says No Sanction for Michael Cohen, Counsel for AI-Generated Fake Case Citation

Wed, 2024-03-20 13:36

U.S. District Judge Jesse Furman of the Southern District of New York found that Cohen's attorney David M. Schwartz did not act in bad faith when he submitted the fake citations, which Cohen acquired from the generative AI program Google Bard.

       

Raising Concerns on Long-Term Strategies, Midsize Law Firms Remain Stagnant on RTO

Wed, 2024-03-20 13:28

A combination of cultural concerns and incentives, lack of uniformity across practices, and a need for leadership to encourage younger attorneys to return to office by example is complicating the process of bringing attorneys back to the office.

       

How I Made Partner: 'I Realized I Needed to Step Up My Game,' Says Aleksandr B. Livshit of Fried, Frank, Harris, Shriver & Jacobson

Wed, 2024-03-20 11:00

"When I was a fourth year associate, there was a large group departure from our New York-based antitrust team. That was a bit of a wake up call for me, and I realized I needed to really step up my game and become more in tune with the practice and our clients' needs."

       

Stanford Law School Names New Dean

Wed, 2024-03-20 09:41

"His integrity, wealth of experience at Stanford and collaborative style of leadership will greatly benefit the students, faculty and staff of the law school, as well as Stanford's senior leadership team," said Stanford provost and former law dean Jenny Martinez.

       

Revenue Up 6.2% at Orrick, But Profits Grew by Much More

Wed, 2024-03-20 09:12

Orrick Chair Mitch Zuklie said that internationally, performance from the firm's London office was strong. He also said the firm started seeing a meaningful amount of cross-border work coming from China, where the firm has offices in Beijing and Shanghai.

       

Paul Hastings Hires White & Case Partner as Co-Chair of International Arbitration Practice

Wed, 2024-03-20 09:00

Jonathan Hamilton was previously head of White & Case's Latin America arbitration practice.

       

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