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Even As Billing Rates Increase, Lack of Confidence in Fees and 'Subtle Psychology' May Lead to Less Profit

Wed, 2024-01-17 15:23

The majority of law firms believe write-offs will increase over the next year, even after many firms made these billing adjustments in 2023, according to new results of a survey of firm leaders.

       

Cummins Investors, Customers Sue, Piling on After $2B DOJ Settlement

Wed, 2024-01-17 14:33

The legal fallout is just beginning for Cummins, which opened up its wallet to settle charges it installed emissions-control defeat devices in Dodge Ram pickups.

       

Troutman Pepper Sued for Racial Discrimination by Former Associate

Wed, 2024-01-17 14:00

Gita Sankano said she was fired after complaining about a partner's "outrageously demeaning, dehumanizing, and demoralizing email."

       

Firms Test New Waters as the Thai Competitive Landscape Shifts

Wed, 2024-01-17 13:56

More and more Thai companies have been acquiring overseas assets, prompting domestic and regional law firms in Thailand to expand their global capabilities.

       

$57M Austin Verdict: Biotech Defendant Considers Loss a 'Win'

Wed, 2024-01-17 13:25

"The fact that the jury awarded only a small fraction of Ravgen's damages claim—less than 15%—and rejected their willfulness claim is an indication that the jury correctly viewed Ravgen's case as a huge overreach," lead defense attorney Michael Summersgill said.

       

Does TikTok's Algorithm Fall Under Section 230 Immunity? 3rd Circuit to Decide

Wed, 2024-01-17 13:13

The federal appeals court considers whether the social media site could be held liable for a child's death.

       

A Race Against Time: Mastering the Art of Timely Lawsuit PR

Wed, 2024-01-17 13:01

News publications want to report verdicts and judgments the day they are handed down. Waiting to contact the media until after your case is decided means you've missed numerous opportunities to publicize your great work.

       

Outlier or Quasi-Mass Tort? Phila.'s Civil Rights Payouts to Top $40M in 2023

Wed, 2024-01-17 12:55

"The CIU has slowed down, but you see a lot of aggressive attorneys going out there after these cases and trying to file PCRAs," Marrone said.

       

Northwestern Law Launches West Coast Initiative, Featuring Student Externships at OpenAI, Sony

Wed, 2024-01-17 12:09

"These innovative new programs will prepare our students to lead by giving them exposure to cutting-edge developments in technology, entertainment, media, sports and business."

       

AI Adoption Likely to Spark Surge in Corporate Litigation of All Stripes in 2024

Wed, 2024-01-17 10:40

Companies might face antitrust allegations if they use AI to help set prices, for instance, or they might face allegations of discrimination if they use AI to winnow down candidates for job openings.

       

HomeStreet Bank Faces Class Action Over Multiple Charges for Single Transaction

Wed, 2024-01-17 10:02

This suit was surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Sign up today and be among the first to know about new suits in your region, practice area or client sector.

       

Baker McKenzie Picks Up Eversheds Sutherland Energy Litigation Team in Houston

Wed, 2024-01-17 08:00

Five energy litigators from Eversheds Sutherland in Houston jumped to Baker McKenzie's Houston office, attracted in part by the firm's extensive global network and its Texas strategy.

       

Will Upcoming Reforms Can Finally Unshackle UK Capital Markets? Partners Weight In

Wed, 2024-01-17 06:23

Partners ranging from Latham's Mark Austin and Weil's Murray Cox are upbeat on expected changes that could break open London's faltering stock market—but do the reforms go far enough?

       

In Partner Comp, Is Ignorance Bliss?: The Morning Minute

Wed, 2024-01-17 05:00

The news and analysis you need to start your day.

       

PNC Bank, SRS Acquiom End Nearly 5-Year Litigation Over Misappropriated Trade Secrets With Settlement

Tue, 2024-01-16 22:29

The lawsuit alleged that former SRS employees used their protected, "one-of-a-kind" tools to help companies in mergers and acquisitions transactions in PNC's development of its own M&A products.

       

Grubhub Agrees to Pay $3.5M for Charging Massachusetts Restaurants Over 15% Fee Cap

Tue, 2024-01-16 22:07

"Grubhub unlawfully overcharged and took advantage of restaurants during a public health emergency that devastated much of this industry," Massachusetts Attorney General Andrea Campbell said in a statement issued Friday.

       

FTC's Regulatory Process Regarding Negative Option Rule Faces Industry Criticism

Tue, 2024-01-16 18:13

Agency has failed to show that amendments to the consumer protection rule are needed, groups say.

       

Steptoe Launches Houston Office With 24-Lawyer Trial Team From Smyser, Kaplan & Veselka

Tue, 2024-01-16 18:04

A total of 24 lawyers from Houston trial boutique Smyser, Kaplan & Veselka have moved to Steptoe to open a Houston office for the Am Law 200 firm, a deal that provides benefits to clients of both firms.

       

Wake-Up Call: New Jersey Is Cracking Down on Worker Misclassification

Tue, 2024-01-16 17:09

"Because of the fact that they got away with it for so long, there was a little bit of false bravado," said Kathleen M. Connelly of Lindabury, McCormick, Estabrook & Cooper in Westfield, who provides representation and counseling to employers.

       

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