High student debt is affecting the emotional well-being of young lawyers and affecting their life decisions, while also causing a sizable number of them to reassess their educational choices.
Second 50 law firms are climbing the industry ladder with significant combinations designed to add scale and expand their practice area and geographic reach.
Sean Edgett, former general counsel of Twitter before it was bought by Elon Musk for $44 billion in 2022, has been named the new legal chief and secretary of Match Group
A federal judge turned to AI programs to interpret a key legal term in a man's appeal of his more than 11-year prison sentence, and despite being “spooked” by variances, concluded that the software could be a "valuable" tool.
Troutman Pepper and Locke Lord have agreed to merge, creating a powerhouse firm with over 1,600 lawyers and 35 offices spread across the U.S. and Europe. The merger is set to go live on January 1.
Litigation finance has evolved into a $15.2 billion market, with many of the biggest U.S. law firms now leveraging third-party funding to pay the costs of more complex or long-running lawsuits.
The demand for top legal talent is driving up signing bonuses for general counsel positions, with companies increasingly looking outside their ranks to fill these roles with people who already have experience in the position, rather than promoting from within.
OpenSea CEO Devin Finzer said the SEC is threatening to sue the marketplace, alleging that the NFTs it commercializes are unregistered securities, a viewpoint opposed by the crypto community.
A USPTO update clarifies that subject matter eligibility of an invention is not impacted by the employment of AI to aid in its creation, so USPTO examiners are urged not to take AI into account in their analysis.
California has passed two comprehensive bills providing AI content watermarking requirements and safety checks to prevent AI-triggered catastrophic events. Both bills were sent to Gov. Newsom for approval.
The EU’s merger oversight capabilities have taken a significant blow following a key ruling by the CJEU in the Illumina-Grail acquisition case. The court urged EU regulators to stick to revenue thresholds for examining mergers.
The California legislature has passed Bill AB 2013, mandating developers of artificial intelligence systems to disclose the data used to train their models. The bill is now going to Gov. Gavin Newsom for approval.
