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The Legal Tech Funding Gap: Who Got the Most Funding in 2023?

Tue, 2023-12-19 09:13

Legaltech News looks back at all the funding news the team covered in 2023. Based on this year's reporting, about 91% of the companies who raised funds had men CEOs.

       

As AI Hype Train Rolls On, Regulators on High Alert for 'AI Washing'

Tue, 2023-12-19 07:47

"One thing we know about hot marketing terms is that some advertisers won't be able to stop themselves from overusing and abusing them," FTC attorney Michael Atleson wrote in a blog post.

       

'Where Others are Faltering, We're Leaning In': Sidley Austin's Leaders on the Firm's Long Game

Tue, 2023-12-19 05:58

Major hires from firms like Paul Weiss put the firm on everyone's radar this year; and potential culture clashes aren't dampening the firm's appetite for expansion and disruption, and not just in private equity.

       

EU Commission Opens First Probe Into X Under New Social Media Law

Tue, 2023-12-19 04:22

Competition chief Margrethe Vestager said Brussels officials had 'enough' evidence to open proceedings.

       

Turnover in Big Law Leadership Manifests as 'Great Growth Race' Kicks Into High Gear

Tue, 2023-12-19 04:00

At least 30 large law firms have announced some kind of leadership transition within the last year or so. "It's been an exciting but challenging and exhausting few years," noted one Am Law 100 leader.

       

Morgan Lewis to Shape Thomson Reuters AI Products Through New Partnership

Tue, 2023-12-19 04:00

"We're going to be working with [Thomson Reuters] on a whole suite of AI-powered tools," said chief knowledge and management and practice services officer Colleen Nihill. "Because of Morgan Lewis' depth and breadth across multiple geographies, I think they saw us as being well suited to all different use cases."

       

Microfilm and a Retired Jewel Thief: How To Prove That $15-$20M Sapphire Belongs to Your Client

Mon, 2023-12-18 23:57

The self-described "retired" jewel thief, who was once part of an international heist network known as the Pink Panthers, agreed to sit for a deposition out of revenge.

       

American University Washington College of Law's Fairfax to Become Dean of Howard Law

Mon, 2023-12-18 23:39

Howard University has "shaped the trajectory of my family's journey from slavery to where I proudly stand today as the dean of the American University Washington College of Law," Roger Fairfax said in a statement. "My family's strong legacy of Howard alumni, staff and faculty makes this a particularly compelling opportunity to lead one of the most impactful institutions in the nation and honor those who have come before me."

       

Generative AI Platform Harvey Announces $80 Million Investment

Mon, 2023-12-18 23:11

In a blog post announcing the funding, Harvey noted that it planned to use this latest investment to "expand our custom model building, scale our team and build out our suite of product features."

       

China's Han Kun Breaks into U.S Market with New York Office Launch

Mon, 2023-12-18 21:52

Earlier this year, the firm made its international debut via a launch in Singapore.

       

CA Bar Exam Alternative Proposal Goes to State Supreme Court — Along With Questions

Mon, 2023-12-18 20:50

The state bar's top executive said "100%" of the so-called portfolio bar exam's startup costs would be covered by a philanthropic group. But questions remain about who might pay the bills and what the bar will have to do to get the money.

       

Federal Judge Tosses Plaintiffs' Causation Experts in Acetaminophen ADHD Lawsuits

Mon, 2023-12-18 19:55

Kenvue, formerly Johnson & Johnson Consumer, manufacturer of Tylenol, said it planned to move for dismissal of the lawsuits after U.S. District Judge Denise Cote found all five of plaintiffs' general causation experts inadmissible.

       

'Another Slice of the Distasteful Pie'?: Alex Jones' Challenge to Contempt Fails

Mon, 2023-12-18 18:16

"Candidly, the court's treatment of Mr. Jones has been the biggest disappointment in my 30-year career," Norm Pattis said.

       

UVA Law Professor to Serve as the School's Next Dean

Mon, 2023-12-18 17:15

"The Law School has been my home since I arrived as a student 20 years ago," Leslie Kendrick said in a statement. "I believe now, as I believed then, that the UVA combination of world-class research, consummate professional preparation and deep sense of community makes this the best law school in the country."

       

Massachusetts Court to Consider: Are Public Social Media Posts 'Inherently Unknowable' in Terms of Defamation Discovery Rules?

Mon, 2023-12-18 17:14

"The correct application of the discovery rule will be dispositive of all of the state law claims in this case," U.S. District Judge Nathaniel M. Gorton wrote. "If the discovery rule tolls the statute of limitations, the state claims survive; if not, those claims are time-barred. Furthermore, the discovery rule as interpreted by the SJC will substantially inform this Court as to whether laches bar the two federal law claims."

       

FTC, DOJ Finalize Merger Guidelines, Emphasize Protecting Labor Markets

Mon, 2023-12-18 16:42

"Fair, open, competitive markets have been essential to America's dynamic, thriving economy, and policing unlawful mergers is our front line of defense against harmful corporate consolidation," FTC Chair Lina Khan said.

       

Ex-Nikola CEO Sentenced to 4 Years for Securities and Wire Fraud in SDNY

Mon, 2023-12-18 16:20

U.S. District Judge Edgardo Ramos said he did not believe Trevor Milton was likely to reoffend, but he nonetheless noted that "the law does not permit a pass for good intentions."

       

Four Lessons From Delaware Corporate Litigation You Should Have Learned in 2023

Mon, 2023-12-18 15:51

The Court of Chancery and Delaware Supreme Court hammered home several key points multiple times throughout 2023, signaling to litigators that they may want to keep them in mind as they head into the new year.

       

Ropes, Wachtell and Milbank Guide Nippon Steel's $14B Acquisition of US Steel

Mon, 2023-12-18 15:49

The transaction — which is facing some opposition — is expected to close in the second or third quarter of 2024.

       

Houston Immigration Attorney Accused of Defrauding Petrochemical Engineering Firm

Mon, 2023-12-18 15:22

The new firm found significant gaps in information that could result in certain employees of Audubon accruing unlawful presence status. The firm disagreed with the attorney's procedures and, although it took some cases, the firm declined to take others.

       

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