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State Ethics Board Allows Lawyers to Hold Cryptocurrency in Escrow, But Not for Legal Fees

Thu, 2022-08-18 15:26

"Because cryptocurrency is treated as property, the Board concludes that it may be held by a lawyer for clients or third persons in connection with a representation or law-related business," the advisory opinion said.

       

Inside Track: Will Your Company Be Activists' Next Target?

Thu, 2022-08-18 11:04

"The worst question an activist can ask is the one you haven't thought about," according to a Boston Consulting Group report.

       

How I Made Office Managing Partner: 'I Place a High Value on Relationships, Teamwork and Collegiality in the Workplace,' Says Lisa Ruggiero of Locke Lord

Thu, 2022-08-18 11:03

Think first, then act. Don't simply react because there is pressure.

       

Biden Relies Less on Feeder Judges Than Trump Did: The Morning Minute

Thu, 2022-08-18 06:00

The news and analysis you need to start your day.

       

As Big Law Profits Plunge, Financial Uncertainty Looms Over Associate Classes, Lateral Hiring

Thu, 2022-08-18 05:00

Law firms' biggest challenge in the short term will be managing capacity, particularly with large associate classes slated to join firms in the fall, according to Wells Fargo analysts.

       

'Respondent's Case Is Severe:' State High Court Rejects Attorney's Exceptions, Maintains Disbarment Sanction

Thu, 2022-08-18 00:23

"There is no evidence indicating that he lacked a sound mental state preventing him from rendering legal services in accordance with the [Maryland Attorneys' Rules of Professional Conduct]," the state high court wrote. "His clients greatly suffered, and their injuries run the [run the gamut]: monetary loss without bargained-for services, adverse court judgments, the loss of the right to appeal, and, potentially, continued loss of liberty."

       

Australia's Corporate Law Firms Stay Positive Despite Economic Headwinds

Wed, 2022-08-17 20:23

Many expect that if there are more turbulent conditions, this will create work. But finding lawyers in Australia's tight legal market will continue to be a major challenge, they say.

       

The Fall of Endo? 34 AGs Support $450M Payment From Bankrupt Opioid Manufacturer

Wed, 2022-08-17 19:30

Opioid drug manufacturer Endo Pharmaceuticals filed a Chapter 11 petition late Tuesday, agreeing to provide $450 million to state and local governments.

       

Judge Won't Recuse From Jan. 6 Case, Saying Motion 'Smacks of Gamesmanship'

Wed, 2022-08-17 18:09

"Its eleventh-hour timing and surrounding circumstances strongly suggest that [defendant John H.] Strand seeks reassignment because he and [co-defendant Dr. Simone] Gold were unhappy with her sentence, and he would thus prefer another judge to conduct the remainder of his proceedings," U.S. District Judge Christopher R. Cooper of the District of Columbia said. "The court will not reward any such tactic."

       

Compliance Hot Spots: DOJ Pressed to Use Debarment in Corporate Cases + Prosecutors Seek Second Trial for Man Given by Clemency By Trump + King & Spalding's New Litigation Hires

Wed, 2022-08-17 17:10

Two progressive senators want the Justice Department to be more active in debarring government contractors who admit misconduct.

       

'We Got a Good Chunk of the Moon': $650M Opioid Order Against CVS, Walmart, Walgreens

Wed, 2022-08-17 16:25

U.S. District Judge Dan Polster, on Wednesday, ordered the three pharmacies to provide abatement funds to two Ohio counties who won a Nov. 23 verdict over the opioid crisis.

       

Don't 'Shield Grown Adults From Economic Truths': Is It Time for Law Firms to Adopt Pay Transparency?

Wed, 2022-08-17 15:52

As part of Law.com's "How It's Done: What Legal Can Learn From Other Industries" series investigating how other industries tackle business issues, Jessica Zwaan, COO of videoconferencing tool company Whereby, shares her advice for implementing transparent pay structures.

       

In Departure From Trump Era Nominations, Biden Relies Less on Feeder Judges

Wed, 2022-08-17 15:15

Court watchers say clerkships are considered one indicator of the ideological leanings of a judge, and something Republican presidents have paid more attention to than Democrats.

       

With $150 Million at Stake, SCOTUS Will Hear First Abandoned Property Case in 30 Years

Wed, 2022-08-17 15:01

Delaware is challenging the recommendations of a special master over what state gets to claim abandoned MoneyGram funds.

       

'It's Completely Outrageous': Reed Smith Fights Attempt to Retry Nursing Home Operator Granted Clemency by Trump

Wed, 2022-08-17 14:02

Federal prosecutors are seeking to retry Philip Esformes, whose 20-year sentence following a fraud and money laundering conviction was commuted by former President Donald Trump, on six counts where there was initially a hung jury.

       

Critical Mass With Law.com's Amanda Bronstad: A Key Bankruptcy Hearing Wraps Up Over 3M's Combat Earplugs. A Johnson & Johnson Subsidiary Attacks 'Made-for-Media Narrative' About Talc Bankruptcy

Wed, 2022-08-17 11:00

I'm Amanda Bronstad. Feel free to reach out to me with your input. My email is abronstad@alm.com, or follow me on Twitter: @abronstadlaw.

       

Federal Judge Dismisses EFTA Claim Against Bank of America in Stolen COVID-19 Unemployment Benefits Case

Wed, 2022-08-17 10:18

Finding PUA payments were qualified disaster relief payments, they satisfy the CFPB's interpretation of Regulation E § 1005.2(b)(3)(ii)(B). The payments are excluded from the definition of "prepaid account," and, thus, are outside of the EFTA's definition of covered "accounts," the federal judge concluded.

       

How I Started My Own Law Firm: 'Have A Message, a Vision and Go Out There and Promote It,' Says Katie McCann of Lowry Legal

Wed, 2022-08-17 10:09

"Having a message, a vision and going out there and promoting it. Whether that be in person or digitally this is vitally important."

       

Social Media Platforms Hit With Surge in Mental Health Lawsuits

Wed, 2022-08-17 09:55

"The only certainty of this litigation is it's going to be a big fight, and a long fight," said Matthew Bergman, founding attorney of the Social Media Victims Law Center.

       

Massachusetts High Court Seeking Applications for Advisory Committee on Rules of Professional Conduct

Wed, 2022-08-17 09:35

The committee advises the court on all issues and proposals relating to the Massachusetts Rules of Professional Conduct, and reports to the Supreme Judicial Court Rules Committee.

       

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