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.

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.

"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.

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.

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.

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.

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.

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.

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.

"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.

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.

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

"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.

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

"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.

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.

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

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.

"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."