Wed.Sep 11, 2024

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Top 10 Challenges of Being a Law Firm Managing Partner

Attorney at Work

A law firm managing partner has myriad responsibilities and competing pressures, from keeping business operations running smoothly to serving as a chief role model and motivator. If you have been asked to take up the mantle or aspire to lead your firm one day, it would be wise to understand exactly what the position entails: […] The post Top 10 Challenges of Being a Law Firm Managing Partner appeared first on Articles, Tips and Tech for Law Firms and Lawyers.

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US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report

Insurance Journal

Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100 million during 2023, according to Swiss Re executives.

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Amici Urge SCOTUS to Scrap Fourth Circuit Approach to Disgorgement of Non-Party Affiliates’ Profits

IP Watchdog

Several amici weighed in late last week on a trademark petition to the U.S. Supreme Court that asks whether “an award of a ‘defendant’s profits’ under the Lanham Act…can include an order for the defendant to disgorge the distinct profits of legally separate non-party corporate affiliates.” The Supreme Court granted the petition in Dewberry Group, Inc. v.

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Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance

Insurance Journal

An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in Florida.

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.

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From Evidence to Misinformation: Courts Brace for Deepfake Challenges

Complex Discovery

Editor’s Note: This article is essential reading for professionals in cybersecurity, information governance, and eDiscovery. As deepfakes continue to proliferate, their impact on the legal system will only grow. Understanding how courts may handle AI-generated evidence will be crucial for those responsible for managing digital content, ensuring data integrity, and navigating complex litigation involving digital forensics.

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Hurricane Debby Florida Losses Top $121M; 60% of Claims Closed

Insurance Journal

A month after Hurricane Debby made landfall in northern Florida, the number of property insurance claims has reached almost 20,000, and total estimated insured losses are more than $121.5 million, the Florida Office of Insurance Regulation reported this week.

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TSLA Unveils New Website and Management System

Insurance Journal

Kimmi Cantwell, President of the Texas Surplus Lines Association, Inc., announced that TSLA unveiled its new website and management system. This upgrade simplifies event registration, member updates, and membership applications.

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New Pathways to Lawyer Licensure: Part II

WA Bar News

Washington State Supreme Court orders launch change Staff illustration / source images: © Getty/ayzek; © Getty/adventtr CONTINUING COVERAGE Bar News coverage is continuing—future issues will address investigation and potential implementation of ongoing assessment of lawyers’ competence throughout their careers and potential changes to the character and fitness assessment for lawyer licensure.

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Delta Jets Collide on the Ground at Atlanta Airport, Causing Minor Damage

Insurance Journal

Two Delta Air Lines jets collided on the ground at Atlanta’s Hartsfield-Jackson International Airport Tuesday, knocking the tail off of the smaller regional plane.

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The WSBA Small Town and Rural (STAR) Committee: Transforming Legal Deserts Into Legal Oases

WA Bar News

BY KEVIN PLACHY, LAURIE POWERS, MERF EHMAN, AND KARI PETRASEK As part of its ongoing commitment to expand pathways to rural practice and access to justice in small towns and rural communities, the WSBA Small Town and Rural (STAR) 1 Committee pushed forward several initiatives this year. From kicking off the inaugural Rural Practice Summit in June, attending the National Center for State Courts (NCSC) Legal Deserts Summit in Las Vegas, providing summer grants to law students practicing in STAR co

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Stay On Top of Newly Filed State & Federal Litigation: Curated Just for You!

With Daily Filings Report by Trellis you will receive an email and csv file daily with all new cases filed in the jurisdictions you're tracking. Each new case will include all case metadata like judge, parties, counsel, practice area, and even direct links to the full docket and complaint. Trellis Daily Filings Reports provide direct access to newly filed state and federal litigation curated just for you.

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Wife of California Inmate Wins $5.6 Million in Settlement for Strip Search

Insurance Journal

The wife of a California inmate will receive $5.6 million after being sexually violated during a strip search when she tried to visit her husband in prison, her attorneys said.

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Three Key eDiscovery Lessons from Domus BWW Funding v. Arch Insurance Company

Next Generation E-Discovery Law & Tech Blog

By John Patzakis D omus BWW Funding v. Arch Insurance Company is a recent decision focused mostly on issues and challenges related to preservation of Electronically Stored Information (ESI) in a large enterprise. It is an instructive case for in-house counsel, as it demonstrates how avoidable eDiscovery failures can lead to potentially devastating court sanctions.

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Taishin Raises Offer for Shin Kong in What Could Be Taiwan’s Biggest Financial Deal

Insurance Journal

Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan’s biggest-ever financial services industry merger.

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Product demo: Tiger Eye Blueprint – A knowledge platform built for UX, configurability and curation

Legal IT Insider

In this product demonstration we take a look at knowledge management platform Tiger Eye Blueprint, speaking to Tiger Eye’s founder and managing director Dave Wilson and product manager Rob Taylor, […] The post Product demo: Tiger Eye Blueprint – A knowledge platform built for UX, configurability and curation appeared first on Legal IT Insider.

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AM Best Downgrades Credit Rating of Michigan’s Wolverine Mutual

Insurance Journal

AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating to “b” (Marginal) from “bb-” (Fair) of Wolverine Mutual Insurance Company, based in Dowagiac, Michigan.

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TechLaw.Fest in Singapore: New collaborations for the Academy and Ministry of Law with Microsoft and Lupl 

Legal IT Insider

TechLaw.Fest 2024, the conference organised by Singapore’s Academy of Law (SAL) and Ministry of Law (MOL), has become the focal point for a number of significant announcements, including a GenAI […] The post TechLaw.Fest in Singapore: New collaborations for the Academy and Ministry of Law with Microsoft and Lupl appeared first on Legal IT Insider.

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Union Reports Cyber Incident May Have Exposed Members’ Private Information

Insurance Journal

A Ridgefield Park, New Jersey-based labor union for longshoremen, healthcare, maintenance and other workers has reported a cyber incident that may have exposed some members’ private information.

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Don’t assume quitting means losing your performance shares, equity specialists say

Legal Dive

The terms of the management team’s equity pool could include a “tail” that lets executives who leave reap their unvested compensation after the company is sold.

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How Social Media Complicates Defamation Claims and How to Handle Them

Insurance Journal

Five professional models who sued long after a state’s three year statute of limitations expired may pursue their defamation claims against an adult entertainment nightclub for posting their images to the giant social media site Facebook without their permission.

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Sept. 2024 > Need to Know

WA Bar News

News, Information, and Resources of Interest to WSBA Members. Pilot Test of Entity Regulation > Technology is quickly changing the legal landscape, including the way online companies and innovative business models are delivering legal services to the public. It’s happening already and will undoubtedly expand in prevalence and sophistication in the coming years.

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Cyberattacks on US Utilities Surged 70% This Year, Says Research Firm

Insurance Journal

U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure. The utilities and power infrastructure across the U.S.

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On Board > A Summary of the July 2024 Board Meeting

WA Bar News

The WSBA Board of Governors determines the Bar’s general policies and approves its annual budget MORE ONLINE > The agenda, materials, and video recording from this Board of Governors meeting, as well as past meetings, are online here: www.wsba.org/about-wsba/who-we-are/board-of-governors. July 17-18, 2024 TOP MEETING TAKEAWAYS Honoring Native Practitioners The Board held a business meeting for the first time on an Indian reservation, convening in Nespelem at the Colville Confederated Tribes’

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Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds

Insurance Journal

Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a phenomenon that compounds other risk factors for urban flooding.

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Beyond the Bar Number > Marty Strelecky

WA Bar News

Bar Number: 18182 I’ve practiced law for many years, first with the government, then large and small law firms, and now private business. My current employer, Land Services USA, writes title insurance and closes large commercial real estate transactions. Although not as glamorous as high-stakes litigation, we solve problems and help real estate markets trade more efficiently and with less risk.

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Payment Gateway Slim ID Notifies 1.7M Cardholders of Hack

Insurance Journal

Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing the names, addresses, and credit card information of nearly 1.7 million individuals.

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Conflicts Arising From Sanctions Motions: An Analytical Framework

WA Bar News

COLUMN > Ethics & the Law BY MARK J. FUCILE [R]equests for sanctions should not turn into satellite litigation or become a ‘cottage industry’ for lawyers.” — Washington State Physicians Ins. Exchange v. Fisons, 122 Wn.2d 299, 356, 858 P.2d 1054 (1993) “Sanctions litigation has not become the “cottage industry” the Washington Supreme Court warned against 31 years ago in its seminal Fisons decision.

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Treaty Reinsurance Premiums in London Company Market Grew by 32% in 2023: IUA

Insurance Journal

Treaty reinsurance written in the London company market grew by almost one-third in 2023, with the sector generating premiums of £10.889 billion (US$14.2 billion), up from £8.248 billion ($10.8 billion) in 2022, according to the International Underwriting Association (IUA).

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TD to pay CFPB $28M for giving credit agencies inaccurate data

Legal Dive

The penalty is hardly the largest that Canada’s second-largest lender expects. TD is facing criminal and civil investigations into its U.S. anti-money laundering program and anticipates a fine in the billions of dollars before year’s end.

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In Latest Salvo AIG Says its Former Execs at Dellwood Are ‘Bad Leavers’

Insurance Journal

In its latest court filing to keep alive a lawsuit against start-up Dellwood Insurance, American International Group said its new competitor failed to explain why the suit cannot go on. AIG argued in a brief filed yesterday in U.S.

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The 2024 APEX Awards

WA Bar News

The Acknowledging Professional Excellence (APEX) Awards honor exemplary members of the legal community, including legal professionals, judges, and members of the public Passing the Baton: Introduction by a Former APEX Award Winner BY MICHAEL GOLDENKRANZ It’s that time of year when the baton gets passed. Current bar leaders become “emeritus” and hand off the torch to their successors.

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Moody’s, Amwins Expect Continued Cyber Market Growth

Insurance Journal

Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future. In separate reports, Moody’s Ratings and Amwins Brokerage offered insights on the sector’s landscape.

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Not so Fast: Statement on In the Matter of Keurig Dr Pepper Inc.

Securities Docket

Is a car company’s claim—proven by company speed tests—that its top-of-the-line sports car can go from 0-60 MPH in 2.9 seconds misleading if the company knows that its more conservative drivers do not press the pedal to the metal? The Commission’s settlement with Keurig Dr Pepper Inc. (“Keurig”) would suggest that it is. The Commission’s Order finds that Keurig violated Exchange Act Section 13(a) and its accompanying Rule 13a-1, which require issuers to file complete and accurate annual reports,

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AM Best: Unfavorable Operating Performance Key Driver of Downgrades

Insurance Journal

Deteriorating market conditions and rising loss costs led to a 60 percent increase in rating downgrades of AM Best-rated U.S.-based insurers in 2023 compared with two years earlier, according to a newly issued report.

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Convicted Nikola founder Milton owes electric truck maker $168 million, judge rules | Reuters

Securities Docket

A U.S. judge said Trevor Milton, the Nikola founder who was sentenced to four years in prison after being convicted of fraud, must pay the electric truck maker $167.7 million for making false and misleading statements about the company to the public. In a decision on Monday, U.S. District Judge Diane Humetewa in Phoenix upheld a divided arbitration panel’s November 2023 award in Nikola’s favor.

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New Southern California Wildfire Threatens Mountain Communities

Insurance Journal

A quick-moving wildfire raced toward Southern California mountain communities as authorities warned residents to evacuate. The Bridge fire exploded on Tuesday, burning into the Wrightwood community and nearby Mountain High ski resort.

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