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March 01, 2024 | Law.com

Va. Lawmakers Strengthen Banking Safeguards to Protect Seniors From Financial Exploitation

The bill specifies that no financial institution staff member who receives the training will be liable in any civil or administrative proceeding for disclosing the suspected financial exploitation of an elderly or vulnerable adult if disclosure was made in good faith and with reasonable care.
5 minute read
February 29, 2024 | Legaltech News

Tracking Generative AI: How Evolving AI Models Are Impacting Legal

A running compilation of how the legal landscape continues to be shaped by generative AI tools, from GPT technologies to art generation tools and beyond.
146 minute read
February 26, 2024 | The Legal Intelligencer

SEC Continues to Regulate Cryptocurrency Through Record-High Enforcement Efforts

We expect the SEC's enforcement efforts in this area to continue at a high pace in 2024, even though whether or not cryptocurrency should be classified as a security or something else remains uncertain.
6 minute read
February 26, 2024 | Corporate Counsel

Regulator's Scolding of Michigan Bank GC 'Should Give Pause' to Compliance Personnel

The U.S. Comptroller of the Currency issued a cease-and-desist order against Colleen Kimmel, former general counsel of Sterling Bancorp, even though it doesn't allege she had any involvement in the $69 million fraud that threw the institution into chaos.
6 minute read
February 26, 2024 | The Legal Intelligencer

No Longer Just an HR Matter, DEI Expands to Law Firm Operations

It's not just a question of talent management, but also how the offices are decorated and what are the parking and seating arrangements, among other examples.
5 minute read
February 20, 2024 | The American Lawyer

The Sweet Spot Between Microaggressions and Empty Words: Threading the Needle on Associate Feedback

Law firms and partners may struggle to deliver appropriate guidance to rising attorneys while keeping diversity, equity, and inclusion standards in mind. But getting it wrong has real costs.
5 minute read
February 16, 2024 | The Legal Intelligencer

Former GSK Patent Leader Moves to Troutman Pepper

Duke Fitch started at the company as a medicinal chemist and rose to vice president of U.S. pharmaceutical patents after earning his law degree.
2 minute read
February 15, 2024 | The Legal Intelligencer

Lawyers Need Proper HR Training to Be Better Supervisors and to Reduce Risk

In a law firm setting, issues often occur when policies are not enforced equally across the board or when there is no supporting documentation for performance complaints. These types of misalignment can lead to discrimination claims.
10 minute read
February 09, 2024 | The Legal Intelligencer

Third Circuit—Chapter 11 Examiner Appointment Now Mandatory

The now infamous Chapter 11 bankruptcy case of FTX Trading Ltd. (FTX), once a multibillion-dollar cryptocurrency company, has reemerged in a dispute over this very important issue. On appeal, the U.S. Court of Appeals for the Third Circuit recently held that the plain text of Section 1104(c)(2) mandates the appointment of an examiner under the specified conditions set forth.
7 minute read
February 08, 2024 | Law.com

Can Big Law Extract the Maximum Value of AI?

Legal departments of major corporations along with the industry's most elite firms are actively using generative AI, and the idea that any organization would wait on identifying and testing use cases is seen as a significant competitive risk.
7 minute read

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