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Three outlier megadeals pushed funding for legal technology companies to $1.57 billion in the third quarter of 2024, up from $392.5 million in the same period last year, but the number of mergers and acquisitions fell by about 50%.
This was another action-packed week for the legal industry as BigLaw firms made a slew of hires and a state judge was admonished for lip synching "Jump" by Rihanna in a TikTok. Test your legal news savvy here with Law360 Pulse's weekly quiz.
TD Bank's historic settlement with U.S. authorities over anti-money laundering violations should serve as a warning for compliance officials and executives at banks across the country, Deputy Attorney General Lisa Monaco said Thursday.
The U.S. Securities and Exchange Commission on Thursday fined a California-based investment adviser that it said raised nearly $4 million through a series of false promises, including deceptive statements about artificial intelligence capabilities.
A former Citibank senior vice president and head of the bank's fair employment practices said Thursday she lost her job after becoming pregnant and suffering from pregnancy-related complications, accusing Citibank of discrimination.
Inflammatix Inc., a medical diagnostics company working on a novel testing technology, said Thursday that it has named a new general counsel and two other executives to help launch the new product once it receives final approval.
Pierson Ferdinand LLP announced Thursday that it has enlisted a former solo practitioner and experienced general counsel to grow its emerging companies and cannabis, hemp and CBD practices, areas the firm has targeted for investment.
Iroquois Gas Transmission System LP will begin the new year with a host of leadership changes, including the retirement of its general counsel-turned president.
A longtime Miller Nash LLP partner who formerly co-chaired the firm's sports law practice was named chief legal officer of the Seattle Sounders and Reign, the city's professional men's and women's soccer teams, according to a recent announcement.
New Jersey-based Peapack-Gladstone Financial Corp. on Wednesday announced the hire of an experienced banking attorney who most recently worked as a senior counsel for Metropolitan Commercial Bank.
Mobile game platform Skillz Inc. said in a Wednesday securities filing that it has appointed an established gaming attorney — with nearly 40 years of experience in private practice — to its board of directors.
If you're working, you might as well have fun doing it, Baldor Specialty Foods Inc.'s general counsel told Law360 Pulse during an interview this week, adding that having a sense of humor can calm everyone down and defuse tension.
Manchester United PLC has chosen one of its existing lawyers as general counsel following the departure of Patrick Stewart earlier in 2024, the club confirmed to Law360 Thursday.
UnitedLex Chief Executive Officer James Schellhase has left the role after just one year and is being replaced by general counsel Renee Meisel, the law firm-focused data and professional services company announced Thursday.
A longtime executive at real estate giant Simon Property Group joined real estate boutique A.Y. Strauss's Livingston, New Jersey, office as a partner, according to a recent firm announcement.
Virometix AG, a privately held Swiss biotechnology company developing synthetic vaccines against infectious diseases and cancer, has appointed a globe-trotting former general counsel as chair of its board of directors.
The longtime top lawyer for office supplies powerhouse Staples Inc. was sworn in as board chair for the Association of Corporate Counsel at the trade group's annual meeting in Nashville, the ACC announced Wednesday, after she most recently spent a year as vice chair for the global organization.
Insurance company The Mutual Group announced Wednesday that an experienced executive who most recently spent seven years at public safety company Mindr has been named its new general counsel and chief compliance officer.
The general counsel for litigation platform Fileread has announced that he's left the company to "build something new," having just joined from AstraZeneca earlier this year.
A Ninth Circuit panel appeared skeptical Tuesday of Uber's ex-security chief's effort to overturn his convictions for obstructing an investigation into an Uber data breach, with one judge saying the defendant's abrupt changes to Uber's policies "does smell to me like a cover-up."
As ransomware attackers like to hit companies on holidays and other sensitive times, in-house attorneys should role-play the holiday attack scenario in advance as they prepare to respond, members of an Association of Corporate Counsel conference panel said Tuesday.
The former chief legal officer at Western Digital Corp. saw a slight fall in his overall compensation package for fiscal year 2024 compared to the previous two, according to a recent U.S. Securities and Exchange Commission filing.
Former employees of the U.S. Marshals Service say that while judicial security has never been more urgent, finding trends is nearly impossible: The way threats against federal judges are tracked has varied so much from year to year, the data is essentially meaningless.
Interfacing with artificial intelligence at your doctor's office is going to eventually feel as natural as turning on a tap to get running water. Tim Hwang, general counsel at generative AI company Abridge, shares his thoughts on the technology's future in healthcare.
The traditional hourly billing model in the legal industry is facing increasing scrutiny as in-house legal teams leverage technology to enhance efficiency, the co-founder of a leading AI service told Law360.
To safeguard against the many risks posed by generative artificial intelligence legal tools, in-house counsel should work with their information security teams to develop new data security questions for prospective vendors, vet existing applications and review who can utilize machine guidance, says Diane Homolak at Integreon.
Opinion
We Must Continue DEI Efforts Despite High Court HeadwindsThough the U.S. Supreme Court recently struck down affirmative action in higher education, law firms and their clients must keep up the legal industry’s recent momentum advancing diversity, equity and inclusion in the profession in order to help achieve a just and prosperous society for all, says Angela Winfield at the Law School Admission Council.
Law firms that fail to consider their attorneys' online habits away from work are not using their best efforts to protect client information and are simplifying the job of plaintiffs attorneys in the case of a breach, say Mark Hurley and Carmine Cicalese at Digital Privacy and Protection.
Though effective writing is foundational to law, no state requires attorneys to take continuing legal education in this skill — something that must change if today's attorneys are to have the communication abilities they need to fulfill their professional and ethical duties to their clients, colleagues and courts, says Diana Simon at the University of Arizona.
In the most stressful times for attorneys, when several transactions for different partners and clients peak at the same time and the phone won’t stop buzzing, incremental lifestyle changes can truly make a difference, says Lindsey Hughes at Haynes Boone.
Corporate legal departments looking to implement new technology can avoid hiccups by taking steps to define the underlying business problem and to identify opportunities for process improvements before leaping to the automation stage, say Nadine Ezzie at Ezzie + Co., Kenneth Jones at Xerdict Group and Kathy Zhu at Streamline AI.
Series
Ask A Mentor: How Can I Support Gen Z Attorneys?Meredith Beuchaw at Lowenstein Sandler discusses how senior attorneys can assist the newest generation of attorneys by championing their pursuit of a healthy work-life balance and providing the hands-on mentorship opportunities they missed out on during the pandemic.
There are a few communication tips that law students in summer associate programs should consider to put themselves in the best possible position to receive an offer, and firms can also take steps to support those to whom they are unable to make an offer, says Amy Mattock at Georgetown University Law Center.
Many attorneys are going to use artificial intelligence tools whether law firms like it or not, so firms should educate them on AI's benefits, limits and practical uses, such as drafting legal documents, to remain competitive in a rapidly evolving legal market, say Thomas Schultz and Eden Bernstein at Kellogg Hansen.
Dealing with the pressures associated with law school can prove difficult for many future lawyers, but there are steps students can take to manage stress — and schools can help too, say Ryan Zajic and Dr. Janani Krishnaswami at UWorld.
Corporate counsel often turn to third-party vendors to manage spending challenges, and navigating this selection process can be difficult for both counsel and the vendor, but there are several ways corporate legal departments can make the entire process easier and beneficial for all parties involved, says David Cochran at QuisLex.
Amid ongoing disagreements on whether states should mandate implicit bias training as part of attorneys' continuing legal education requirements, Stephanie Wilson at Reed Smith looks at how unconscious attitudes or stereotypes adversely affect legal practice, and whether mandatory training programs can help.
To become more effective advocates, lawyers need to rethink the ridiculous, convoluted language they use in correspondence and write letters in a clear, concise and direct manner, says legal writing instructor Stuart Teicher.
Series
Ask A Mentor: How Can I Negotiate My Separation Agreement?Kate Reder Sheikh at Major Lindsey discusses how a law firm associate can navigate being laid off, what to look for in a separation agreement and why to be upfront about it with prospective employers.
Recent legal challenges against DoNotPay’s "robot lawyer” application highlight pressing questions about the degree to which artificial intelligence can be used for legal tasks while remaining on the right side of both consumer protection laws and prohibitions against the unauthorized practice of law, says Kristen Niven at Frankfurt Kurnit.