The Trump administration's federal hiring freeze has led to revoked job offers for law students, raising concerns about public sector legal recruitment.
Partner hiring in the legal industry has slowed in early 2025 despite high-profile moves. Strong 2024 performances have reduced the interest in switching firms until compensation is finalized, but hiring is expected to pick up later in the first quarter.
The top third quartile of associates had billing rates jump from $735 to $795 year to year (more than 8.1%), as firms are leveraging experienced associates more heavily in revenue-generating practices.
GDPR fines saw a 33% decrease from 2023. Big tech remains the main target, but other sectors face increased enforcement and shifting regulatory priorities.
Legal tech funding reached record numbers in 2024, and the trend continues. Harvey doubled its valuation to $3 billion after raising $300M, while Eve secured a $47M Series A.
President Trump's administration has repealed Biden's AI executive order, halting federal safety and transparency mandates in favor of more limited regulation.
TikTok reportedly plans to shut its app for U.S. users from January 19, when a federal ban on the social media app could come into effect, unless the Supreme Court halts it.
A Minnesota federal judge dismissed an expert declaration from a Stanford AI expert in a deepfakes lawsuit, as the testimony was found to include AI-generated fabricated citations.
Obtaining the license would permit a KPMG subsidiary to provide legal work. KPMG is the first of the Big Four to seek Alternative Business Structure status in the U.S.
