Wed.Jun 26, 2024

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The Most Important Thing About Being a Less-Than-Full-Time Lawyer

Attorney at Work

Susan Cohodes | I am ready to be friends with my new role as less than a full-time lawyer. The post The Most Important Thing About Being a Less-Than-Full-Time Lawyer appeared first on Articles, Tips and Tech for Law Firms and Lawyers.

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AI Legal Writing Tool Clearbrief Raises $4 Million to Fuel Expansion Among Larger Law Firms

Law Sites

Clearbrief, a legal technology company that uses AI to help lawyers find and insert facts to support their legal writing, has raised an additional funding round of approximately $4 million. This brings the company’s total funding since its founding in 2021 to nearly $8 million.

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8 Features of the Best Legal Calendar Software

Practice Panther

Managing deadlines is a high-stakes game for any lawyer. Missing one can be costly, not just in terms of money but in terms of client trust and case outcomes. In the past, lawyers tracked deadlines manually, which took a lot of time and often led to mistakes. Now, we have legal tech that automates calendaring. These systems help lawyers keep track of important dates, meetings, and tasks without the hassle.

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How Lawyers Can Stay Necessary (and Employed) in the Age of Generative AI

Law Sites

Advances in generative artificial intelligence, or GenAI, have the potential to disrupt the practice of law for many, many lawyers — especially junior lawyers. A 2023 Thomson Reuters report on the impact of AI on lawyers forecasts an “immense” impact on junior lawyers.

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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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2024 eDiscovery Rankings: Chambers and Partners Recognize Industry Leaders

Complex Discovery

Editor’s Note: This article provides a detailed overview of the Chambers and Partners 2024 eDiscovery Litigation Support Guide, highlighting the rankings of leading eDiscovery service providers and professionals. It examines the current state and future prospects of the eDiscovery market, addressing both challenges and opportunities. The insights offered in this article are particularly significant for professionals in cybersecurity, information governance, and eDiscovery, as they undersc

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WITNESS STATEMENTS DRAFTED BY LAWYERS: ANOTHER LOOK BACK

Civil Litigation Brief

Yesterday I wrote about the large numbers of posts about expert witnesses on this blog. These are probably matched by the cases that deal with judicial criticism of witness statements.

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Rader’s Ruminations: LKQ, An Utterly Failed En Banc ‘Clarification’

IP Watchdog

A few weeks ago, the U.S. Court of Appeals for the Federal Circuit undertook to clarify the obviousness standards for design patents. LKQ Corp. v. GM Glob. Tech. Operations LLC, __ F.4th__, No. 2021-2348, 2024 WL 2280728 (Fed. Cir. May 21, 2024). After many breathless commentaries, the record needs at least one expression of the “obvious”: this judicial effort utterly failed.

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How GCs can succeed as public company directors

Legal Dive

Lawyers wanting to serve on boards must consider a company’s business more broadly and leverage their legal training, according to an expert panel.

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U.S. SEC Issues Updated Guidance on Cybersecurity Disclosure Under Item 1.05 of Form 8-K | Morrison Foerster

Securities Docket

The new C&DIs address materiality determinations in instances where payments have been made to threat actors and remind companies that these decisions should take multiple factors into account. In brief, the C&DIs explain that: If a company experiencing a ransomware attack makes a payment that causes the cyber attack to end before a materiality determination is made, the company must still assess the materiality of the incident.

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Using deferred compensation to meet Dodd-Frank clawback obligations

Legal Dive

The process could be a quick and easy way to handle executive repayments, but there are IRS rules to navigate, legal specialists say.

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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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SEC Charges Former CEOs of Meta Materials with Market Manipulation, Fraud, and Other Violations

Securities Docket

The Securities and Exchange Commission today charged John Brda and Georgios Palikaras, former CEOs of Meta Materials Inc., for their roles in a concerted market manipulation scheme that raised $137.5 million from investors in an at-the-market (ATM) offering in June 2021 immediately prior to the merger of Brda’s Torchlight Energy Resources Inc. and Palikaras’ Metamaterials Inc. that formed Meta Materials.

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Legal AI startup Clearbrief raises $4m financing

Legal IT Insider

Clearbrief, a Word add-in AI provider that helps lawyers with legal writing, has raised an additional funding round of approximately $4m, bringing the total funding to $8m since it was […] The post Legal AI startup Clearbrief raises $4m financing appeared first on Legal IT Insider.

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How law firm Robbins Geller won $434 mln post-dismissal settlement with Under Armour | Reuters

Securities Docket

Does the outcome of a securities class action hinge on which shareholder firm is handling the case? Not most of the time, according to the latest draft of an article for the NYU Law & Economics Research Paper Series. In Paying for Performance? Attorneys Fees in Securities Fraud Class Actions, law professors Adam Pritchard of the University of Michigan, Stephen Choi of New York University and Jessica Erickson of the University of Richmond analyzed outcomes in nearly 2,500 securities class act

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BigHand benchmarking report reveals disconnect between law firm pricing plans and client expectation

Legal IT Insider

BigHand has published a new legal pricing benchmarking report, which reveals a significant disconnect between client expectation and law firm practices and plans when it comes to pricing, matter budgeting, […] The post BigHand benchmarking report reveals disconnect between law firm pricing plans and client expectation appeared first on Legal IT Insider.

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Norton Rose Fulbright adds former New York federal prosecutor known for obtaining historic DOJ resolution | Norton Rose Fulbright

Securities Docket

Global law firm Norton Rose Fulbright announced today that highly regarded white-collar lawyer Andrey Spektor—a former Assistant United States Attorney in the Eastern District of New York—has joined its New York office. A partner in the firm’s regulatory, investigations, securities and compliance practice, Andrey arrives with senior associate Ashley Spechler in New York and associate Jamison Winters in St.

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Word Processing Wars

E-Discovery LLC

Lawyers have argued over the definition of “double spacing,” What is Double Spacing? (Dec. 4, 2023) and “any little ambiguity,” including the definition of a photocopier, id., citing Pouncing on Little Ambiguities Leads to Discovery Sanctions (Sept. 26, 2022). Pick Up the Telephone Word processing has not been immune from disputes. One court recently criticized a memorandum that had “21 footnotes that are packed with over 100 lines of small-font text.

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Hunterbrook – Bloomberg

Securities Docket

A third model that Hunterbrook has emphasized is that it could trade commodities based on its reporting. The form is something like: You hire the only foreign correspondent in a faraway country that is the leading producer of unobtainium, she learns that a coup is in the offing and the new military junta will ban unobtainium exports, you go long unobtainium futures, you publish her story, the price of unobtainium spikes, you profit.

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Joe Biden, The Biden-Trump Debate, And Some Persuasion Advice

Temple University Beasley School of Law - Advocacy

As we approach the June 27 debate between President Biden and presumptive nominee Trump, much advice has been forthcoming as to how Mr. Biden should proceed. Written without benefit of polling data or focus groups, the below column makes suggestions based on persuasion techniques. To prevail in Thursday’s debate and then in the election, Joe Biden must ask “who” needs persuading about “what?

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Under Armour Securities Suit Settles for $434 Million | The D&O Diary

Securities Docket

Just weeks before trial in the case was scheduled to being, the parties to the Under Armor securities class action lawsuit have agreed to settle the case for $434 million, according a company SEC filing. The case had recently survived the defendants’ motion for summary judgment. According to the lead plaintiffs’ counsel, the settlement represents the second-largest securities suit settlement in the Fourth Circuit.

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Why Neil Phillips Avoided Prison: Morgan Stanley Was Victim – Bloomberg

Securities Docket

Manhattan federal prosecutors had asked for a two-year prison sentence for Phillips, who was convicted in October of directing $700 million in trades aimed at manipulating the value of the South African rand to 12.50 against the US dollar. That was the barrier rate at which a $20 million option he bought from Morgan Stanley would pay out. But US District Judge Lewis Liman on Tuesday instead sentenced Phillips, 53, to two years of probation and the one month he already served in a Spanish jail af

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Ex-SEC Chair Calls on Congress to Lead Climate Policymaking

Securities Docket

Climate change policymaking matters are best left to Congress rather than the SEC, former agency Chairman Jay Clayton said Tuesday during a US Chamber of Commerce event. Lawmakers abdicated responsibility by asking the SEC to tackle climate issues, said Clayton, who served during the Trump administration. Sen. Elizabeth Warren of Massachusetts and other Democrats had urged the SEC to require companies to disclose their risk from climate change before the agency issued its rules in March, saying

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