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Trial for JPMorgan Chase Over Epstein Ties Is Scheduled for October

Thu, 2023-03-16 22:26

The bank faces a proposed class action suit from the victims of Jeffrey Epstein, filed by Boies Schiller Flexner and Edwards Pottinger attorneys, and a suit filed by the U.S. Virgin Islands.


Legal Tech Could Feel Impact From 'Know Your Customer' Regulations Targeting Cloud Providers

Thu, 2023-03-16 18:09

While many legal tech companies with cloud services already abide by thorough security standards, new federal regulations could lead to more data governance headaches and frustrated legal professionals.


'Punch Them in the Face and See What Happens': Strategy Behind Carnival's $21M Verdict

Thu, 2023-03-16 18:06

"Our job was showing that they had misused information and disclosed confidential information at the same time," said Steve Routh, a partner at Orrick, Herrington & Sutcliffe.


The Law Firm Disrupted: India Opening Its Doors to Foreign Lawyers is a Big Deal

Thu, 2023-03-16 17:16

There have been rumblings for years that the country, now home to the fifth biggest economy in the world, would liberalize its legal marketplace, and it finally happened.


Generative AI Is Impressive, But the All-Too-Familiar 'Sticker Shock' May Be Coming

Thu, 2023-03-16 16:58

It's early days for generative AI, and before the inevitable flood of GPT-powered tools hits the legal tech market, experts believe users and vendors can take steps to prevent pitfalls that plagued previous popular technologies.


Higher Law: Mixed Views on the Future of Federal Cannabis Legislation | SEC Charges Cannabis Company With Fraud | Greenberg Glusker Names Cannabis Group Co-Chair | Minnesota Lawmakers Rework Cannabis Bill

Thu, 2023-03-16 16:48

Rep. Earl Blumenauer, D-Oregon, said he spoke with Senate Democrats after the SAFE Banking Act failed to get a vote in the Senate last year. "I think people realize that we missed an opportunity, and I don't think they want to do it again," he said.


Amid Legal Layoffs, An AI Talent Race is Heating Up

Thu, 2023-03-16 16:08

As large language models (LLMs) begin to power a host of innovations, from ChatGPT to contract lifecycle management tools, law firms are looking to get ahead of what they see as both business opportunity and a market disruption.


Don't Buy Legal Tech to Slap 'Lipstick on a Pig': A Chat with Legalweek Speaker Katie Debord

Thu, 2023-03-16 16:07

DISCO's vice president of product strategy Katie Debord, who joined the e-discovery provider last year from Bryan Cave Leighton Paisner, has first hand knowledge about what makes legal tech purchases stick—and what law firms and legal tech providers don't understand each other.


Federal Judges Got the Power to Remove Their Private Info From the Internet—And They're Using It

Thu, 2023-03-16 15:59

The new program has arrived—and thrived—as members of Congress and the public have expressed concern about the federal government's efforts to remove information online and sought more accountability of the judiciary.


Inside Track: What SVB's Collapse Should Tell Us About Risk

Thu, 2023-03-16 15:56

"Behind the fancy facade, depositors never really know how safe their money is, and when fear starts to spread, depositors run to get their money out," London School of Economics' Jon Danielsson, Robert Macrae and Nikola Tchouparov wrote this week.


Sneak Peek at the 2023 Go-To Law Schools: Nos. 31-40

Thu, 2023-03-16 15:41

Here's a first look at the law schools that sent the highest percentage of 2022 graduates to associate jobs at the largest 100 law firms.


Not a Penny Over $250K: Court Upholds Georgia's Cap on Punitive Damages

Thu, 2023-03-16 14:21

The majority opinion also drew mixed reactions from the justices. Several penned special concurrences, but at least one drafted a partial dissent.


Why This Judge Is Adding Pro Se Summaries to Her Rulings

Thu, 2023-03-16 13:18

"The idea that we could simplify this in a brief introductory paragraph and help that person understand the bottom line of the decision was really appealing to me," said Judge Charlotte Sweeney.


Lowenstein Lays Off 16 Business Professionals in Multiple Offices

Thu, 2023-03-16 11:04

The layoffs in New York, New Jersey, and Washington, D.C., came even after the firm saw a 12% hike in revenue last year.


Silicon Valley Bank Collapse Highlights Risk of Stuffing Deposits in One Bank

Thu, 2023-03-16 08:41

"I'm getting a lot of calls from clients concerned about having too much money concentrated in one bank," said Dolph Hellman, an Orrick Herrington & Sutcliffe partner.


Why Are Clients Suddenly Driving a Harder Bargain With Their UK Law Firms?

Thu, 2023-03-16 07:58

UK lawyers, consultants and GCs all agree cost pressures are causing clients to push for discounts, fixed fees and delayed payments, but others say there are also cultural issues at play.


Signature Bank's Failure Prompts Alarm Bells for Law Firms: The Morning Minute

Thu, 2023-03-16 06:00

The news and analysis you need to start your day.


How I Made Partner: 'A Leader Within a Firm Is Someone Who Goes Out of Their Way To Help Others in Their Team,' Says Andrew S. Ulmer of Pfau Cochran Vertetis Amala

Wed, 2023-03-15 23:08

"Don't be afraid to try something and fail; you will still have unlimited opportunities to make your career work out."


Attorneys Expect Wave of Litigation Following EPA's Proposed Rule to Cap 'Forever Chemicals' in Drinking Water at Close-to-Zero

Wed, 2023-03-15 20:45

Cleanup and litigation costs could amount to billions of dollars, attorneys say, given the scope of pollution and extensive use of PFAS in consumer products.


State Appellate Court Split: USAA Owes $30K Under Auto Policy for Injuries Sustained While Loading Luggage Into Vehicle

Wed, 2023-03-15 19:09

"Here, Estep contends that his accident occurred while he was loading his car with luggage, which was part of a greater mission of returning home to Chesapeake with that luggage," Judge Frank K. Friedman wrote on behalf of the majority. "Simply put, transporting luggage is a valid and expected use of a vehicle, and one cannot transport the baggage without first packing the vehicle."