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Showcasing Resilience of the Industry, Am Law 100 Firms Turn in Strong 2023

Tue, 2024-04-16 10:07

After taking a couple of body blows in 2022 and not knowing how the legs would hold up, Big Law was just waiting to counter.

       

The 2024 Am Law 100: Ranked by Gross Revenue

Tue, 2024-04-16 10:00

Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.

       

VLex Expands Vincent AI With Document Analyze, Launches Law Firm AI Co-Development Lab

Tue, 2024-04-16 08:45

VLex announced a major expansion of its Vincent AI platform with the launch of Document Analyze, a suite of generative artificial intelligence-powered tools to respond to litigation and transactional documents, and unveiled vLex Labs, an initiative through which the company will co-develop custom AI products with leading global law firms.

       

Firms Are Stuck With Abiding by New Anti-Secrecy Law, Even Though Judge Ruled It Unconstitutional

Tue, 2024-04-16 07:24

"Treasury's targets are those dubious LLCs without operations and employees that are holding shell companies hiding assets," said Snez ana Gebauer, a partner at the compliance consulting firm StoneTurn.

       

Freshfields Misses Out as HSF, Latham and Kirkland Take on Marex New York IPO

Tue, 2024-04-16 07:16

HSF and Freshfields were enlisted for Marex's London IPO plans before they were shelved, but only the former maintains its advisory position for the NY float.

       

'Clearly Inappropriate': Why This Judge Slashed $24M Off of $26.2 Crash Verdict

Tue, 2024-04-16 00:05

"While plaintiff seeks to paint an almost demonic magnitude of intent centering around 'speed' the evidence supports only that driving over the speed limit was one of the many circumstances in place at the time of the crash," Bright ruled.

       

Supreme Court Reinstates Idaho Law Against Gender Care for Trans Youth

Mon, 2024-04-15 18:59

Without ruling on the merits of the law, the Supreme Court granted a request from Idaho's attorney general seeking relief from a statewide court order blocking the state's Vulnerable Child Protection Act.

       

Law.com Radar: Antitrust Class Actions Climb in 2023, Then Skyrocket in March

Mon, 2024-04-15 18:33

In March, according to Law.com Radar's data, there were 42 antitrust class actions filed, 71% higher than the average monthly rate over the previous 12 months.

       

Generative AI Is Spurring New In-House Data Governance Roles

Mon, 2024-04-15 17:47

Jeffrey Solomon, the vice president and general manager of LegalView BillAnalyzer at Wolters Kluwer, discusses the issues standing in the way of sound AI adoption for legal departments.

       

Divided EEOC Announces Final Rule for the Pregnant Workers Fairness Act

Mon, 2024-04-15 17:41

In dissent, Commissioner Andrea Lucas said the rule "extends the new accommodation requirements to reach virtually every condition, circumstance, or procedure that relates to any aspect of the female reproductive system."

       

Big Law Better, Explained

Mon, 2024-04-15 17:38

In this week's Legal Speak episode, McDermott Will & Emery chair Ira Coleman explains "Big Law Better", his idea on where the legal sector is moving and what elements of previous iterations the industry should be looking to maintain and which it should perhaps relegate to times gone by.

       

Indonesia's M&A and Project Finance Market Expected to Take Off in 2024

Mon, 2024-04-15 17:30

The outcome of the country's presidential election in February has restored investor confidence in Southeast Asia's largest economy, and international law firms are now getting ready for an increase in Indonesia-related work.

       

The Strategy Behind a $525M Patent Infringement Verdict Against Amazon Web Services

Mon, 2024-04-15 16:43

"In massive, high-stakes litigation, it's really, really difficult to try cases [against] somebody like Amazon who's got, for all intents and purposes, unlimited resources," said the plaintiff's counsel, Courtland Reichman, noting his team put more than 30,000 hours into the suit.

       

Norton Rose Fulbright Grew Revenue 8% Amid Management Exits

Mon, 2024-04-15 16:00

The global law firm saw rising demand across its platform, said U.S. managing partner Jeff Cody.

       

Law Firm Leaders Say Gen AI Can Level Playing Field Between Large and Smaller Firms

Mon, 2024-04-15 14:57

"[Generative AI] does help the smaller firm punch above its weight on projects and matters that require a lot of people," said John Polson of Fisher & Phillips.

       

Manhattan Prosecutors Urge Judge to Fine Trump $3,000 Over Alleged Contempt

Mon, 2024-04-15 13:32

The ex-president—now on trial over alleged hush money payments—violated a gag order in his social media statements.

       

When Drinking to Escape Has You Trapped: A Look at Alcohol Use in the Legal Profession

Mon, 2024-04-15 13:14

It is not exactly news at this point that alcohol use in the legal profession is pervasive and frequently unhealthy or problematic. What is less well known is why, exactly, that is the case.

       

How I Made Partner: 'Take Ownership of the Cases You Are Staffed on,' Says Daniel M. Horowitz of Holwell Shuster & Goldberg

Mon, 2024-04-15 11:00

"On every matter you work, take time to think critically about the big picture issues facing your client, even if the specific task you are assigned does not require going that far."

       

Privacy Lawyers Lead Way as Job Market for Privacy Professionals Perks Up

Mon, 2024-04-15 10:41

"The regulatory landscape is trying to keep up with technological advancements. As a result, there will be an increase in the demand for lawyers with expertise in AI-adjacent spaces like privacy, intellectual property and regulatory affairs," Anna Gorodetsky of Major, Lindsey & Africa said.

       

Hospital May Be Held Liable for Independent Contractor Doctors, Washington Court Holds

Mon, 2024-04-15 10:35

"However, where an entity has a nondelegable duty, it cannot avoid liability simply by delegating its duty to an independent contractor," Chief Justice Steven C. González wrote on behalf of the Washington Supreme Court. "Instead, an entity will be vicariously liable for the independent contractor's negligent performance of that duty absent special circumstances not present here."

       

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