Legal professionals and in-house counsel for some of the world’s leading corporations and law firms may find value in attending a webinar that seeks to lend clarity on how to conduct effective investigations into employee wrongdoing. The webinar, scheduled for November 9th, from 1:00 pm to 2:00 pm EST, will provide essential guidance to those…
The United States Department of Education has recently published its revised Financial Value Transparency and Gainful Employment Rule (GE Rule). Officially enacted on October 10, 2023, the new regulation aims to offer increased transparency around graduates’ debt-to-earnings rates. Expanded to cover all Title IV programs from all Title IV-participating institutions of higher education, the GE…
On October 10, 2023, the U.S. Department of Education announced its new Financial Value Transparency and Gainful Employment Rule (GE Rule). As reported by JD Supra, this updated version of the GE Rule has been broadened to include all Title IV programs at Title IV-participating higher education institutions. The rule attempts to establish a comparison…
A report released by the American Bar Association (ABA) Commission on Women in the Profession, in collaboration with the National Native American Bar Association (NNABA), sheds light on the experiences and challenges faced by female Native American lawyers. The study, titled “Excluded & Alone: Examining the Experiences of Native American Women in the Law and…
After merger negotiations stalled with both Nixon Peabody and Pillsbury Winthrop Shaw Pittman, the leadership at Stroock & Stroock & Lavan began considering alternate plans for the firm. These contingency strategies involved moving parts of their operations, should a planned merger fall through. Subsequent events have seen the law firm pivot towards implementing its backup…
Despite a decrease in the inflation rate, law firms are grappling with “across-the-board” cost rises. These factors encompass talent and technology as well as overhead costs for occupancy. These cost increases are set to cast a notable impact on law firm operations as we proceed towards 2024. The escalation in costs is a determinant for…
This past week, perhaps the most active in its recent efforts to regulate Artificial Intelligence (AI), saw not only the inaugural international AI Safety Summit but also the issuance of a significant Executive Order from the US White House. The Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence by…
This week, the U.S. Department of Labor issued penalties against two major employers, Boeing Distribution Services and National Office Furniture, following allegations of discriminatory hiring practices. Specifically, the companies reportedly overlooked qualified minority and female candidates for various job openings. As a result of these actions –which are considered severe breaches of federal anti-discrimination regulations–,…
In a recent move that signals a commitment to boosting the adoption of renewable energy, President Joe Biden announced a $1.3 billion federal investment. Aimed specifically at interstate power line construction, this new approach is set to overhaul the outdated electric grid that currently serves the United States. The investment’s primary goal, as reported by…
The Commodity Futures Trading Commission (CFTC) has reached a settlement with Safeguard Metals, LLC and its owner, in a combined effort by 29 state actors. This includes the Maryland Attorney General’s Office and other state regulators. The resolution of the settlement comes after accusations were made that the precious metals dealer violated the Commodity Exchange…
Latest discussions from the Supreme Court of the United States, covered in a Friday, November 3 report by SCOTUSblog, provide invaluable insight into the verdicts that are likely to rule today’s legal landscape. The morning read by Ellena Erskine covered a variety of topics, including an intriguing issue related to a particular trademark case involving…
In a move that underscores the importance of professional ethics and full disclosure in the legal field, the Justice Department’s bankruptcy watchdog is challenging at least $13 million in fees collected by Jackson Walker LLP. The move follows revelations that the law firm did not disclose allegations of a romantic relationship between one of their…
In the realm of U.K.’s corporate law, Limited Liability Partnerships (LLPs) are mandated to annually submit a comprehensive report on their financial health to Companies House. In addition to this, they also publicly share their yearly results, typically in the summer. These results reveal valuable information including average profits per equity partner (PEP), revenues and…
Following the recent Fourth Annual Federal Contracts Symposium, Fox Rothschild LLP has generously shared the materials from their presented key topics, determined to be of relevance for a vast pool of government contractors. These topics encapsulate a comprehensive spectrum of subjects, including but not limited to case law updates, cost accounting compliance, and the significant…
In a move towards enhancing consumer financial data protection, the Consumer Financial Protection Bureau (CFPB) unveiled, on October 19, 2023, a proposed rule to implement Section 1033 of the Dodd-Frank Act. This information is detailed in an article published by JD Supra. The Dodd-Frank Act’s Section 1033 requires entities that are subject to it to…
U.S.-led law firm, Paul Hastings, is set to strengthen its restructuring team in London through the addition of a new partner from investment firm KKR. William Needham, who previously worked as a managing director on the credit team at KKR, will serve as the co-chair of Paul Hasting’s European restructuring practice. Working alongside Mei Lian,…
In an exciting move, Stewarts law firm has appointed a new head of International Arbitration, a hire directly from Norton Rose. Stewarts continues to build upon its reputation for strategic hiring, thereby strengthening its legal expertise. The newly-appointed head brings extensive international arbitration experience, a shift expected to bolster Stewarts’ capabilities. The firm’s recent actions…
Lawyers from Covington & Burling have secured a victory worth 267 million dollars for DTEK Group in a dispute with Russia pertaining to seized assets in Crimea. Following a five-year long legal battle, an international arbitration panel based in The Hague ordered Russia to compensate with the hefty award amount, as confirmed by both the…
A recent decision by the London High Court to annul an $11 billion arbitral award is casting a spotlight on some of the potential pitfalls in the international arbitration landscape. The overturned sum points to allegations of corrupt practices, a development that has raised a myriad of questions regarding the general credibility and trust that…
As law firms strive to maintain competitiveness in a globalized market, mergers and acquisitions often present an attractive strategy for growth and diversification. However, it’s not uncommon for partners at law firms to harbor a certain degree of reluctance when it comes to such a drastic change. As underscored in a recent article, a partner’s…
In a recent update from the legal proceedings in the New York state civil trial, Ivanka Trump, daughter of former President Donald Trump, has reportedly lost an appeal to delay her testimony. The civil fraud lawsuit, amounting to $250 million, implicates the former President and his sons, stemming from allegations of fraudulent asset valuations. As…
The recent conviction of FTX co-founder Sam Bankman-Fried may have sent waves across the finance and tech world, but it was the participation of three individuals in particular whose role in the trial is now coming under close examination. It is indeed the future of these individuals – Caroline Ellison, Gary Wang and Nishad Singh…
Hamilton Locke, a local Australian law practice, has recently taken on a team of ten lawyers from Clyde & Co, a notable global law firm. The team is led by Michael Tooma, former managing partner of Clyde & Co’s Australian operations, who resigned from his position a year ago after serving for five years. As…
The Environmental Protection Agency’s new rule under the Toxic Substances Control Act (TSCA) promises to have significant implications for manufacturers. This legislation primarily expands the number of companies required to disclose information about the per- and polyfluoroalkyl substances (PFAS) they manufacture or import. However, this rule could face significant legal opposition if agency authority is…
Less than a year ago, Sam Bankman-Fried was admired by many in the crypto community. This image changed significantly when he was found guilty of seven counts of fraud and conspiracy. Bankman-Fried’s downfall, while harmful to the crypto industry immediately, might ultimately create improved regulation and supervision. The collapse of one of the most prominent…