Wolters Kluwer Legal & Regulatory U.S has launched a new toolkit for corporate legal departments, offering guides and checklists designed to help companies avoid bank failures and avoid related lawsuits and investigations; the toolkit provides resources such as a guide to common indicators that suggest bank failures, checklists for conducting due diligence and risk exposure, and outlining the necessary steps following a failure, including communication with stakeholders, as well as a Bank Failures Litigation and Investigations Tracker.
Illustratiert durch KI / DALL-E
The principles of legal operations can help organizations navigate tough economic times by establishing core values and mission, utilizing technology, streamlining processes and maximizing resources through vendor management.
Illustratiert durch KI / DALL-E
Law professors are finding inspiration for their courses in the characters and scenarios created by professional screenwriters, according to Professor Diane Kemker of DePaul University College of Law.
Above the Law has launched its Top Outside Counsel report for 2022, and is calling for law firms to encourage their clients to participate in the survey to enhance the quantity and diversity of responses.
Cooley's chairman and CEO, Joe Conroy, discusses the firm's 2022 roller coaster year marked by a drop in net income, layoffs, severance costs, and overcapacity problems despite its success in hiring, improved brand positioning, penetration into its client base, and stronger company culture.
Lawyers may charge different clients varying rates depending on their experience, training, education, as well as the specific circumstances or volume of work involved such as charging a lower fee in exchange for a higher volume of work or giving startups and smaller companies a break on fees, according to Jordan Rothman, a partner at The Rothman Law Firm.
SVB Financial Group has filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former unit Silicon Valley Bank was taken over by U.S. regulators, following the bank suffering a massive bank run, heightening concerns of a financial contagion.
Lawyers are getting paid for a significant $1.20 deal, Barney Frank is blaming crypto for the now-collapsed Signature Bank despite supporting Trump administration efforts to relax banking regulations, and lawyers in rural states are being overworked due to a drought of lawyers.
Law firms should hold on to their specialist associates because M&A is set for a return on investment soon, lawyers might need to take a step back to make this possible, clients should expect to pay a little bit extra for turn-key law firms, interest rates should soon steady out, and law firms should delay fee increases, but this should be done without being greedy about profits.
A new report from Law Students for Climate Accountability has revealed that students graduating from top law schools often face a choice between morality and prestige when making career decisions as many of these schools facilitate job searches that lead to a "Biglaw or bust" mentality, leading graduates to exacerbate the climate crisis through their legal work. Additionally, the report reveals that the top 20 law schools in the US have produced fossil fuel lawyers at over three times the rate of the average law school, prompting a call to action for these schools to do more to prevent this pipeline.
The Security and Exchange Commission has subpoenaed Covington & Burling to identify clients affected by a data breach, part of an investigation into possible securities law violations, but Covington has accused the SEC of a "fishing expedition," leading 83 law firms to support Covington's opposition, which highlights the danger of weakening the principle of attorney-client privilege, and experts warn of criminals using ChatGPT to create malware, which Check Point Research revealed could create "pseudo-code for your comp[uter] sci[ence] class,” raising concerns over cyber attacks.
The article discusses how in-house counsel can deal with uncertainty and challenging times, with veteran in-house lawyer, Sterling Miller, sharing his extensive experience and providing advice for the in-house legal departments to adapt to the changing environments.
Environmental, social, and governance (ESG) factors are increasingly important in mergers and acquisitions, causing companies to recognize the impact of ESG on their financial performance, with in-house counsel tasked with addressing the changing risks and expectations in the context of M&A.
Republicans in the United States have been accused of "forcing their own views down the throats" of investors and companies by interfering with private investment decisions and overturning a ruling from the Biden Labor Department that made it easier for fund managers to consider ESG issues impacting $12tn of investments - a move that is likely to be blocked by President Biden's promised veto.
The article reports on various legal news updates, including Baylor Law School being out of compliance with ABA standards, some schools returning to compliance, O'Melveny explaining how they became a billion-dollar firm, an attorney observer being charged for "domestic terrorism," the EU targeting Asiago, and the Supreme Court's refusal to consider FedEx's workforce that crosses state borders.
LexisNexis has integrated its cloud-based CounselLink enterprise legal management solution with Parley Pro's Contract Lifecycle Management platform and added work intake features to better facilitate the submission and management of legal requests from within the company, enabling corporate law departments to prioritize legal requests, collaborate with internal and external stakeholders, streamline the entire contracts process, and enhance strategic resource planning and decision-making.
Law firms are expecting tougher fee negotiations, Cravath is expanding to London, Mayer Brown is asking for a former partner, Eric Adams is trying to end the separation of church and state, and LA County owes $29M for distributing horrific pictures of the Kobe Bryant helicopter crash.
Randy Barnett's tweet which attempted to make a superficial comparison between Citizens United and New York Times v Sullivan for the purpose of "owning the libs" is viewed skeptically by Joe Patrice, evoking an interesting discussion on the validity of First Amendment rights.
The Supreme Court justices struggled to answer key questions about what "publishing" means, and the possibility that Congress would be better suited to consider the implications of modifying Section 230 remains as the justices remained unfavourable towards the plaintiffs’ position.
IDIA (Increasing Diversity by Increasing Access to Legal Education) is a non-profit organisation founded by Late Prof. (Dr.) Shamnad Basheer which works in India and identifies, trains and sponsors marginalised students to the top law schools to reach their full potential as lawyers and community advocates.
Clio is expanding into Australia, offering its signature products and opening an office and data center to support customers in the Asia-Pacific region, bringing new competition to a market long dominated by LEAP.
Axiom has taken a step forward into the world of regulated legal services with the launch of their new Arizona law firm, enabled by the state's historic decision to eliminate the ban on non-lawyer ownership of law firms.
Adrian Goss, GC of Bauer Media, Australia’s largest magazine and digital publisher, discusses in-house collaboration in the post-COVID environment, stating that COVID has created an opportunity to design better in-house workplace environments aligned with the preferences of modern corporate counsel, and he points the way to practical resources to help in-house teams.
Axiom has opened Axiom Advice & Counsel LLC (AA&C), a law firm in Arizona, as the first U.S. state to eliminate the long-standing ban on non-lawyer ownership of law firms and create a new class of authorized practitioners called alternative business structures.
The article highlights the importance of lawyer mental health and well-being, and emphasizes the need for lawyers to prioritize themselves and seek professional help when necessary; the author shares their personal story of struggling with mental health in a public forum to help break the stigma and encourage others to seek help.
Exterro has acquired Zapproved to strengthen its mission to empower customers to proactively and defensibly manage their legal governance, risk and compliance obligations, with Zapproved's CEO and President, Monica Enand, and her entire team joining Exterro.
The latest law firm rate hikes have caused a shift in leverage from client to firm, creating a new dynamic in law firm pricing structures which can be mitigated by corporations using outside counsel guidelines, rate management mechanisms, and other tools.
The pandemic has led to the proliferation of remote and hybrid legal jobs, creating an opportunity to design better in-house workplace environments that are more aligned with the preferences of modern corporate counsel, and membership in the Association of Corporate Counsel is a bargain for the value it delivers and every in-house counsel should consider not only joining, but getting active in their local chapter.
The inaugural TLTF Summit brought together 250 diverse attendees to connect, accelerate, and learn about innovation in legal tech, with a unique atmosphere of non-commercialism and powerful investors and executives front and center.
StructureFlow, a London company that provides visual modeling of complex corporate transactions, has raised $3.5 million in a pre-Series A funding round, bringing their total seed funding to $8 million and allowing them to accelerate their platform and expand into North America.
LegalOn, a Japanese legal technology company with 3,000 customers, 400 employees and $131 million in fundraising, is expanding into the U.S. market, hiring Daniel Lewis as U.S. CEO to launch a free early access period to its AI contract review product in January 2023.
Reynen Court has reduced its headcount and expenses in an effort to manage through the economic downturn, while denying reports that they will be closing down their platform.
SixFifty is expanding its automated business documents to include corporate and commercial documents, selling the documents à la carte and by subscription, and creating them directly with their employed attorneys, in order to make the law more accessible and help small and medium-sized businesses thrive and grow.
Was ist Corporate Law?
Corporate Law is a branch of law that covers the formation, operation, and dissolution of companies. It also deals with the legal regulations governing the issuance of securities (shares, bonds, stocks) and the regulations that govern the company's operations. This branch of law also encompasses the rights and responsibilities of directors, shareholders, creditors, and other stakeholders in a company.
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The Volokh Conspiracy
The Volokh Conspiracy is a group blog that covers legal and political issues from a libertarian and conservative perspective. The blog is widely regarded as one of the most influential legal blogs on the internet, and its contributors are often quoted in the media and cited in court decisions. The blog has won numerous awards and has been recognized as one of the top law blogs by publications such as the ABA Journal and the American Lawyer.
The Crime Report
The Crime Report (TCR) is the nation’s only comprehensive news service covering the diverse challenges and issues of 21st century criminal justice in the U.S. and abroad. Staffed by working journalists in New York, Washington and Los Angeles, it is published daily through the year by the Center on Media, Crime and Justice at the John Jay College of Criminal Justice in New York.
Weintraub Tobin is an innovative provider of sophisticated legal services to dynamic businesses and business owners, individuals, emerging companies, and nonprofits. More than 80 attorneys serve U.S. and global clients’ business law and litigation needs.
FindLaw's Legal Blogs bring you the latest legal news and information. Both consumers and legal professionals can find answers, insights, and updates.
In-House Ops delivers information that is key to career development, law department administration, procurement of legal services and in-house legal technology.
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