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Legal Speak at General Counsel Conference Midwest 2024: BYJ Law Founder and General Counsel Betty Jang

Tue, 2024-04-16 18:13

This week, Legal Speak spoke live on location at the General Counsel Conference Midwest 2024 in Chicago with professionals from across the legal industry about key insights and practical solutions that today's general counsel need to manage and better leverage C-Suite relationships, successfully overcome a litigation crisis, do more with fewer resources, and more.

       

7th Circuit Lets Shareholder Intervene in Mootness Fees Spat

Tue, 2024-04-16 17:44

"It seems to us that, as an investor in Akorn whose shares' value was affected by the merger and the mootness fees, Frank has a claim in common with the main action; how could it be otherwise?" Judge Frank Easterbrook wrote for the court.

       

Law Firm Says It Was Victim of Check Fraud, Seeks to Recover $118K

Tue, 2024-04-16 16:52

The firm says it was contacted by someone who purportedly sought help collecting severance pay from his employer, John Deere.

       

Common Pitfalls In Personal Device Collection

Tue, 2024-04-16 16:39

Both the DOJ and the SEC have made it clear that they will look at company BYOD policies when assessing how to resolve matters under their purview. To avoid pitfalls — and sanctions — counsel must take proactive steps to ensure proper preservation and collection of personal mobile data and verify that clients comply.

       

Netflix Legal Ops Chief Exits, Says She'll Take Operations to New Heights

Tue, 2024-04-16 15:52

"If I sound defiant, it's because I am," Jenn McCarron wrote. "I cannot and will not accept the status quo. The stakes are too high, and our industry will get left behind if we do."

       

Meet the Law Firms Behind the Major Gasoline Antitrust Class Action

Tue, 2024-04-16 15:29

In effect, the defendants' cartel is a "per se unlawful restraint of trade" under state antitrust and competition laws, the complaint alleges.

       

Fired Recruiter's Sexual Assault Suit Against Major, Lindsey & Africa Abandoned by Bankruptcy Trustee

Tue, 2024-04-16 14:36

New York recruiter Sharon Mahn says that she intends to pursue the claim herself once it is released from her bankruptcy estate.

       

Supreme Court Appears Skeptical of Obstruction Charge for Jan. 6 Defendants

Tue, 2024-04-16 13:56

"There have been many violent protests that have interfered with proceedings," Justice Clarence Thomas said. "Has the government applied this provision to other protests in the past and has this been the government's position throughout the lifespan of the statute?"

       

AI Patent Unicorn Patsnap Names Eric Topel as First GC

Tue, 2024-04-16 13:08

Eric Topel joined Patsnap this month from Nevada-based Socure. The Singapore-founded company raised $300 million from an investor group that included Japan's SoftBank at a valuation topping $1 billion in 2021.

       

Ex-Big Law Corporate Defenders Explain Why They Now Help Fund the Opposite Side of the 'V'

Tue, 2024-04-16 11:53

"The skillsets we were developing as associates were largely transferable," said Evan Meyerson, a former Paul Weiss associate who moved to Burford Capital. "A big part of litigation strategy is thinking about what the other side thinks about your case and the job at Burford is to think through these investments as a devil's advocate."

       

Admitting 'I F-ed Up' Resulted in $37.5M Verdict

Tue, 2024-04-16 11:33

The defense never admitted their driver was distracted, and instead allegedly tried to spin a tale that their driver did everything he could to avoid the 18-wheeler, plaintiffs' attorney Matt Greenberg said.

       

Power Ranking the Am Law 100: Flash Points Ahead

Tue, 2024-04-16 10:12

Facing market volatility and AI disruption, winning firms reinvest for renewal and reinvention.

       

Power Ranking the Am Law 100: Flash Points Ahead

Tue, 2024-04-16 10:12

Facing market volatility and AI disruption, winning firms reinvest for renewal and reinvention.

       

Big Law's Big Realization?

Tue, 2024-04-16 10:11

Am Law 100 firms last year saw their lowest realization rates in five years: 80.93%, down from 82.2% in 2022 and 83.11% in 2021.

       

'Sign of Overall Health': The Am Law 100 Metric That Deserves More Attention

Tue, 2024-04-16 10:10

"PPL, and especially year-over-year PPL growth, helps mitigate any biases in the numbers influenced by law firm size or geographic location."

       

Ballooning Nonequity Partnerships Are Boosting Leverage, But Will They Raise Profits?

Tue, 2024-04-16 10:09

For the first time, law firms added nearly as many nonequity partners as they did associates.

       

Ballooning Nonequity Partnerships Are Boosting Leverage, But Will They Raise Profits?

Tue, 2024-04-16 10:09

For the first time, law firms added nearly as many nonequity partners as they did associates.

       

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.

       

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