News

Paul Hastings Sparks Controversy With Non-Negotiable Associate Expectations - A list of "non-negotiable expectations" for junior associates at the BigLaw firm is spurring debate as some call the demands "disgusting" and others counter that the job requirements "really shouldn't surprise anyone".

Maine Considers Alternative Lawyer Licensing - State lawmakers are eyeing a bill that would allow some aspiring lawyers to take the bar exam via apprenticeship programs. The state would be the fifth (after California, Vermont, Virginia, and Washington) to adopt alternative paths for lawyers. 

BigLaw Firm Acknowledges Cyberattack - Proskauer Rose is investigating an incident in which its M&A data was exposed on an insecure outside vendor cloud-based platform for more than six months. 

Inflation Drops in March - The Consumer Price Index went down to 5.0% year-over-year in March, showing the Fed's efforts to control inflation may be working.

Tech Workers Should Expect More Layoffs - Over 330k Silicon Valley workers have been laid off since last year, but there are signs the layoffs will continue. 

More Companies Turn out ChatGPT Rivals - Alibaba  has announced plans for an AI product named Tongyi Qianwen which will integrate with chatbot across Alibaba's businesses "in the near future". Ironclad has launched AI Assist™, the first publicly-marketed GPT-4-powered contract negotiation tool which will be released to the company's entire customer base.

Cooley Delays Start Date for Incoming Associates - The Silicon Valley-based BigLaw firm has pushed back the newest class of first-year associates from November of this year to January 2024 for unconfirmed reasons. The associates will receive a $10k stipend for the delay.   

Startups Should Keep an Eye on the SEC - With the failure of Silicon Valley Bank, the fallout could mean tighter regulations directed not just at midsize banks (like SVB), but also at private companies and funds. 

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