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February 12, 2024 | Corporate Counsel

What Every General Counsel Should Know Before Doing a Spin-Off

Spin-offs are an attractive option for a public company looking to rationalize its portfolio and unlock shareholder value. At the same time, they are monster transactions that play out over a long timeline, all under strict tax rules that impact every step of the process. This article addresses what every GC should know when their Board starts talking about a spin-off.
6 minute read
February 12, 2024 | Corporate Counsel

How 2 Female Colleagues Found 'Magic' by Forging a Partnership

"We've both had to be stronger in our roles, more diligent, kind of better than our peer competitors, to rise up," said Cara Bain, a Major, Lindsey & Africa in-house recruiter.
5 minute read
February 12, 2024 | Corporate Counsel

NLRB GC Aims to Topple Company Bans on Moonlighting, Second Jobs

"The NLRB continues to limit an employer's right to manage its workforce. All employer-employee communications are on the table and should be evaluated for overbreadth," Miles and Stockbridge counsel Rebecca Leaf wrote in a note to clients.
3 minute read
February 12, 2024 | Corporate Counsel

GCs Face Daunting Emerging Risk, Fanned by Global Economic Pessimism and Social Media Algorithms

As the public's trust in civic institutions declines, "individuals often seek out non-mainstream information sources that align with preexisting beliefs," the consulting firm Gartner said in a report.
4 minute read
February 09, 2024 | Corporate Counsel

Gen AI Providers Offer IP Indemnity. Here's Why It's Not Foolproof

Large cloud and AI providers including Amazon, Google and Microsoft, among others, say they'll take on the legal risk of a copyright claim arising from the use of their offered LLMs. But there are significant caveats to these protections.
7 minute read
Law Journal Press | Digital Book New York Employment Law 2023 Authors: Daniel A. Cohen, Joshua Feinstein View this Book

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February 09, 2024 | Corporate Counsel

He Used AI to Record Work Calls. Now His Ex-Employer Wants to Seize Equipment

"On February 5, 2024, CX360 became aware of defendant's unauthorized and continuing use of AI software, when during a sales managers' call, an AI utility bot, Otter, attempted to join the call under defendant's name," the complaint said.
3 minute read
February 09, 2024 | Corporate Counsel

Another Big Lender Slapped with Suit Over Loan Officer Pay

Six former Bank of America loan officers says the financial institution "systemically" misclassified loan officers as exempt from overtime.
3 minute read
February 09, 2024 | Corporate Counsel

Corporate Boards May Be Underestimating the Talent Challenges Ahead

An EY study of institutional investors found signals that "the paradigm of maximizing profits at the expense of worker satisfaction is being significantly challenged."
3 minute read
February 09, 2024 | Corporate Counsel

New ACC CLO Survey Offers Important Board Guidance

Major board take-aways from this year's Survey include (i) indications of a decline in the CLO's leadership - level role and influence, and (ii) increasing pressures on legal departments "to do more with less." Both are particularly relevant to the board's oversight responsibility – and of concern to the CLO.
6 minute read
February 09, 2024 | Corporate Counsel

Can Boeing's CLO Help It Climb Out of Latest 737 Max Spiral?

Former JetBlue Airways executive Mike Barger said one of the most valuable roles a legal chief can play is devil's advocate.
8 minute read

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