By Dan Roe | April 11, 2024
Another year of strong rate increases for Big Law means continued pressure on practices that can't sustain firmwide increases—and opportunities for midsize firms with greater flexibility.
New York Law Journal | Analysis
By Samuel Estreicher | April 11, 2024
Section 1595(a) of the TVPRA provides a civil remedy against perpetrators and anyone who "knowingly benefits, financially or by receiving anything of value from participation in a venture which that person knew or should have known has engaged in an act in violation." The use of a "knowingly benefits" standard of liability is fairly novel and raises some important questions.
New York Law Journal | Analysis
By Karen Hoffman Lent and Kenneth Schwartz | April 11, 2024
The FTC and DOJ are geared up to investigate and challenge serial acquisitions or roll-ups by private equtity firms. Many of these transactions have flown "under the radar" because they were below the Hart-Scott-Rodino Act's reporting threshold.
The American Lawyer | Analysis
By Justin Henry | April 10, 2024
"Starting with the pandemic years we saw high levels of attrition, and we're starting to see those attrition levels start to revert to what we saw pre-pandemic," said Jennifer Mandery, vice president for research at the NALP Foundation.
By Cassandre Coyer | April 10, 2024
The legal aid community is actively exploring the use cases for generative AI, and these could differ from what Big Law has been experimenting with over the last year or so.
By Greg Moreman | April 10, 2024
GAI platforms like ChatGPT and OpenAI often require very little human input, shattering this legal landscape's framework by posing a simple question: Who authored the material? We'll explore how two countries are answering this question in different ways.
New York Law Journal | Analysis
By Howard B. Epstein and Theodore A. Keyes | April 10, 2024
While RWI policies are manuscripted policies separately negotiated for each transaction, the vast majority contain arbitration clauses, meaning that claim disputes are resolved privately without published court rulings. The recent ruling in 'Novolex Holdings v. Illinois Union Insurance' sheds some light on one of these claim disputes, while also providing important lessons for insurers and M&A practitioners.
New York Law Journal | Analysis
By Lara Flath, Jacob Fargo and Gaby Colvin | April 10, 2024
This article explores so-called "scrivener's errors"—a mistake that occurs when parties have reached a mutual oral agreement but the signed writing does not express that agreement and one of the parties seeks to reform the contract.
New York Law Journal | Analysis
By Robert J. Anello and Richard F. Albert | April 10, 2024
'Fischer' presents an interesting test of whether SCOTUS will continue its "unmistakable" message that courts should not assign federal criminal statutes a potentially wide-ranging scope "when a narrower reading is reasonable." To court watchers, the odds appear to be against affirmance. The case's potential impact on the Trump prosecution makes it all the more intriguing.
By Alfred Olufemi | April 10, 2024
The partner's comments come despite the EU passing the first comprehensive legislation on AI and a similar proposal pending before the Canadian Parliament.
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