The legal profession, like any other industry, is subject to the annual routine of holiday marketing, and while these campaigns can provide an often-needed touch of warmth and human connection, they can also pose a risk if mishandled. A key pitfall that law firms and corporate legal departments should avoid is the temptation to lean…
Momentum in the ‘Big Law’ sector has become a topic of keen interest in the legal industry, particularly in light of a slower year for M&A and capital markets that has prompted reduced demand. This market shift has led several law firms into challenging periods, pushing them towards downsizing, merging, or even collapse. Despite these…
In recent years, diversity and inclusion have increasingly become focal points in corporate strategies, not only for their inherent value but also for their critical role in effective leadership. In light of these developments, a notable episode of On Record PR dives into practical strategies business leaders can utilize to foster an inclusive work environment….
On November 3, 2023, Nationstar Mortgage LLC, doing business as Mr. Cooper, notified its customers of a recent cyberattack through a notice posted on its website. The mortgage company indicated that it cannot rule out the possibility of a data breach and the incident is under ongoing investigation. According to the notice, Mr. Cooper was…
On September 8, 2023, the world of corporate law watched as the Federal Trade Commission (FTC) declared that its administrative law judge had handed down an Initial Decision and Order in the FTC’s lawsuit against computer software company, Intuit. This stems from allegations that Intuit had deceptively marketed the availability of free tax return preparation…
Investment and interest in engineered timber construction projects have been on the rise in recent years. This trend was underscored by the recent completion of the Ascent, a 25-story apartment building in Milwaukee, Wisconsin, which has now become the world’s tallest mass timber structure. (JD Supra) Legal professionals dealing with engineered timber contracts should be…
Online service providers gearing towards the EU and UK markets now face a regulatory landscape redefined by the newly introduced Online Safety Act (the “OSA”) from the UK, as well as the EU’s Digital Services Act (the “DSA”). Both legal frameworks aim to enhance internet safety by focusing on online service providers’ systems and processes….
Nigeria recently passed a new law, the Nigerian Data Protection Act of 2023 (NDPA), replacing the preceding 2019 Data Protection Regulation (NDPR). Enacted in June 2023, four years following the adoption of NDPR, the NDPA is testament to the country’s drive towards enhanced data protection rights. The following piece aims to outline key differences between…
Former President Donald Trump caught a break on Friday when a Circuit Court stayed the gag order previously imposed on him, which prevented him from intimidating witnesses, courtroom staff, and prosecutors involved in his election interference case. The order was initially imposed by Judge Tanya Chutkan on October 17 to prevent the former president from…
In a recent announcement, the U.S. Food and Drug Administration (FDA) exhibited a progressive stance in the sphere of digital health innovations. On October 11, 2023, the FDA declared its intention to create a new Digital Health Advisory Committee (DHA Committee). Notably, it’s also presently accepting nominations for this committee. The news was published on…
Mayer Brown, the global law firm, has added to the strength of their legal team with the appointment of Daniel Vowden as a partner in their antitrust competition practice based in London. According to information released by the firm on Monday, Vowden, a notable figure in antitrust and competition law, has left Herbert Smith Freehills…
Thomson Reuters revealed today that it will be launching generative AI upgrades to its premier legal research platform, Westlaw Precision, on November 15th. These enhancements are set to build upon its $650 million acquisition of Casetext in June of this year. Embracing a ‘best of’ approach to product innovation, Thomson Reuters is leveraging Casetext to…
In August, the US Securities and Exchange Commission (SEC) approved a proposed Nasdaq rule change that will implement new listing standards concerning the notification and disclosure of reverse stock splits. Notably, the volume of reverse splits processed by Nasdaq has seen a significant uptick in recent years — with 94 in 2020, 31 in 2021,…
Legal AI and ChatGPT may both make use of artificial intelligence, but they are far from identical in their functionalities. While ChatGPT may have spurred excitement and curiosity among tech enthusiasts, it lacks the precision and reliability demanded by the law profession. Legal AI, on the other hand, is designed to harness the strength of…
The UK Financial Conduct Authority (FCA) recently initiated a consultation focused on establishing a robust new regulatory landscape catering to diversity and inclusion (D&I) in the nation’s financial sector. This move underscores the FCA’s stance that D&I is a matter of regulatory interest, calling for further action and reforms. As noted in this article, the…
According to Bloomberg Law, experienced legal expert Uttam Dhillon has been appointed as a litigation partner at Frost Brown Todd in its Washington, D.C. office. Dhillon boasts over three decades of experience in legislative and regulatory oversight, government investigations, and white-collar defense. This impressive background will bring significant experience to his role at Frost Brown…
Legal professionals across the globe should prepare for the phased application of the European Union’s Corporate Sustainability Reporting Directive (CSRD), which is set to commence at the start of 2024. Unlike previous regulations, this directive purports to work towards ensuring that in-scope companies make comprehensive disclosures regarding the risks and rewards that emanate from various…
In the legal case of Great Concepts, LLC v. Chutter, Inc., numbered 22-1212 and decided by the Court of Appeals for the Federal Circuit (CAFC) on October 18, 2023, intriguing questions rose to the surface, challenging long-held practices of the Trademark Office. The legal team of Irwin IP LLP adds a critical lens to the…
As global trends increasingly lean towards data protection, a new wave of state-level data privacy laws is beginning to reshape the legal landscape. These emerging legislations are prompting corporations, particularly those engaged in the digital or wireless data collection, to reconsider the adequacy of their current privacy policies and practices. The pressing question remains: Is…
In a recent update, the U.S. Treasury Department issued a joint statement on behalf of the U.S.-UK Financial Innovation Partnership (FIP). Arranged on October 30, this interaction provided an overview of the recent meetings under the Regulatory and Commercial Pillar, where participants exchanged views on mutual topics of interest, aiming to deepen the ties between…
In a recent development in maritime law, a gasket manufacturer has won motions for summary judgment, partially granted by the United States District Court for the Eastern District of Pennsylvania. This case was brought about by widow Lydia Pine following the death of her husband, Joseph Pine, from mesothelioma – a disease notoriously linked to…
In an ongoing effort to modernize and streamline its consumer protection laws, the Ontario government introduced Bill 142, An Act to enact the Consumer Protection Act, 2023. If passed, this landmark legislation will repeal and replace the existing Consumer Protection Act, 2002 in its entirety, while also bringing substantial amendments to Ontario’s Consumer Reporting Act….
The Federal Trade Commission (FTC) has reportedly returned to invoking the oft-forgotten Robinson-Patman Act as the foundation for civil examinations into alleged price discrimination by vendors in the alcoholic and nonalcoholic beverage sectors. Notably, the FTC has now taken Nontarget to court as part of its continuing investigation into potential violations of the Act. For…
In the wake of the shift toward remote operations amidst the ongoing health situation, businesses are facing increasing hurdles in the area of intellectual property (IP) protection. In particular, trade secrets – unlike patent rights – can be of infinite legal value, but their status also makes them vulnerable, demanding a sophisticated approach to their…
The U.S. Environmental Protection Agency (EPA) recently proposed a comprehensive ban on all usages of trichloroethylene (TCE). The reason for this strict move is the agency’s determination that TCE presents a significant and unreasonable risk to human health—one that is far too substantial to continue its current conditions of use. These conclusions have been documented…