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Deep-Seated Legal Department Woes—From Data in Disarray to Communication Dysfunction—Threaten to Temper Gen AI's Transformative Powers

Tue, 2025-01-07 12:12

'"Ah,' you say, 'but isn't GenAI going to solve all that for us?' Yes, and no," Integreon Vice President Diane Homolak said in a new study.

       

Demand Growth to 'Likely Weaken' in 2025 After 'Anomalies' Propelled Big Law Profits in 2024

Tue, 2025-01-07 04:59

"The pattern of massive growth may cool a little bit, where that ability to do growth upon growth settles some," said Bill Josten.

       

'Unlawful' and 'Unconstitutional?:' Trump Lawyers Aim for Wholesale Dismissal of Manhattan Criminal Case

Mon, 2025-01-06 23:44

A brief transmitted to the intermediate state appellate court says that the business records fraud case was "in excess" of the Supreme Court's jurisdiction.

       

Merchan Rejects Trump's Bid to Delay Manhattan Sentencing

Mon, 2025-01-06 18:24

Manhattan Acting Supreme Court Justice Juan Merchan denied a defense request to stay sentencing pending appeal. The defense team is now asking a mid-level appeals court to find the judge does not have the jurisdiction to issue rulings on presidential immunity matters.

       

High-Low Settlement Agreement 'Does Not Alone Establish Bias:' State High Court Affirms $20M Med Mal Verdict

Mon, 2025-01-06 18:21
"In the instant case, it appears Hanlon sought to cross-examine Loucraft regarding the high-low agreement, claiming it biased him and caused him to change his testimony. How his testimony changed, or why it would change based on a high-low agreement, is, however, not in any way evident based on the trial court record," Justice Scott L. Kafker said.
       

Holland & Knight Matches Milbank Bonuses for Some Associates

Mon, 2025-01-06 17:55

Amid questions over how much of the Am Law 100 will pay out special bonuses for 2024, Holland & Knight matched the Milbank base bonus scale while also matching on special bonuses for some associates. But the biggest bonuses are limited to associates in large markets.

       

Carlos Ortiz Retiring After 35-Year Run as GC of Goya Foods

Mon, 2025-01-06 17:20

Goya says it has 4,000 employees and is the nation's largest Hispanic-owned food company.

       

'There's a Ticking Clock in This Case': Giuliani Held in Contempt in Defamation Enforcement Litigation

Mon, 2025-01-06 17:20

U.S. District Court Judge Lewis Liman said he would draw adverse inferences in the case, as well as bar Giuliani from introducing evidence as part of a homestead proceeding attempting to show that his Florida condo was his primary home.

       

Winter Storm Triggers US Court Closures in DC Metro Area and Midwest

Mon, 2025-01-06 17:17

"My general reaction is that in the post-COVID world, courts and lawyers handle delays and closures pretty well," said Michael Sklaire, co-managing shareholder of Greenberg Traurig's Northern Virginia office.

       

‘Not a Regulatory Gray Area': CFTC Secures $5M Settlement From Gemini

Mon, 2025-01-06 17:11

“For the CFTC to fold on a case like this for only a $5 million settlement is indicative of a much more dovish stance, said Joe Doll, general counsel for Magic Eden, who is not involved in the matter.

       

Proskauer, Cleary, O'Melveny, Sidley Add Laterals, as New Year Opens With Movement

Mon, 2025-01-06 17:09

Several laterals landed in corporate practices, while some firms added former GCs.

       

CFPB Alleges Berkshire Hathaway Subsidiary Originated Unaffordable Housing Loans

Mon, 2025-01-06 16:39

Vanderbilt's internal model for underwriting loans provided borrowers unrealistic expectations of monthly living expenses, the Consumer Financial Protect Bureau alleged in the complaint.

       

Ex-Jenkens & Gilchrist Lawyer Convicted in Tax Shelter Scheme is Among Biden's Commutations

Mon, 2025-01-06 16:17

Paul Daugerdas, a former Jenkens & Gilchrist tax lawyer, had been serving a 15-year sentence in prison in New York after he was convicted in connection with designing, marketing and implementing a fraudulent tax shelter scheme.

       

Corporate Disclosure Law Enjoys ‘Presumption of Constitutionality,' Feds Tell Justices

Mon, 2025-01-06 16:11

The U.S. Department of Justice has urged the Supreme Court to lift a lower court order blocking the Corporate Transparency Act.

       

How We Won: Samsung Defeats Data Breach Class Action

Mon, 2025-01-06 15:47

Not all data is created equal, and the information stolen in this case is "too mundane" or readily available online to significantly increase an individual's risk of identity theft, the judge said.

       

Pharma Company Faces Breach-of-Contract Claim Over $1.3 Million in Unpaid Invoices

Mon, 2025-01-06 15:27
This action was surfaced by Law.com Radar, which delivers AI-enhanced case summaries and daily case reports from more than 2,200 state and federal courts. Click here to get started and be first to act on opportunities in your region, practice area or client sector.        

Just Ahead of Oral Argument, Fubo Settles Antitrust Case with Disney, Fox, Warner Bros.

Mon, 2025-01-06 14:47

“Quite literally, while I was on the courthouse steps, literally, we've reached a deal, said Cravath, Swaine & Moore partner J. Wesley Earnhardt, who represented Disney.

       

FOMO Run Amok? Resolve of Firms Chasing AI Dreams Tested by Sky-High Costs

Mon, 2025-01-06 14:23

“The question now is which investments will deliver lasting value and which ones may fade as AI hype moderates," Goodwin Procter wrote in a client note last week.

       

Sam Butler, Longtime Cravath Presiding Partner, Dies at 94

Mon, 2025-01-06 13:56

Butler was Cravath's presiding partner between 1980 and 1998.

       

KPMG Law US Seeks Alternative Business License, Shaking Up Legal Status Quo

Mon, 2025-01-06 12:30

The Big Four firm is applying for a license under Arizona rules that allow lawyers and non-lawyers to co-own law firms. 

       

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