The Internal Revenue Service (IRS) has announced updates on the applicable dollar amount for the determination of the Patient-Centered Outcomes Research Institute (PCORI) Fee for the year 2024. This development was initially reported by law firm Seyfarth Shaw LLP. Alongside the PCORI Fee, updates regarding other health and welfare limits were also brought to light….
In an interesting case that has caught the attention of legal professionals worldwide, the US Court of Appeals for the Federal Circuit has ruled that the Patent Trial & Appeal Board (PTAB) has the liberty to issue a final written decision in a post-grant review (PGR) proceeding even after the statutory deadline has passed. JD…
In a wake-up call to a large number of corporations in the U.S., the upcoming enforcement of the Corporate Transparency Act (CTA) and the related CTA Rule in 2024 are set to redefine the landscape of corporate ownership registration significantly. A recent article on JD Supra outlined who must be reported as beneficial owners of…
In recent years, the U.S. Securities and Exchange Commission (SEC) made headlines after it issued a contentious order against a public company. The company ended up settling violations under Section 13(b)(2)(B) of the Exchange Act, an area often referred to as the ‘internal accounting controls’ provision. The case has since reignited an ongoing debate regarding…
The Belgian legal landscape recently experienced a significant alteration with the introduction of an act that mandates the appointment of a person of trust within companies. The new law is designed to manage and mitigate psychosocial risks within the workplace, which can gravely affect the well-being and productivity of employees, and consequently the entire organization….
The most recent iteration of the Silicon Valley Venture Capital Survey has disclosed that third-quarter Bay Area venture capital financings peaked at the greatest number in the previous 12 months, reaching 188. This number notably incorporates the largest total of Series A financings (100) since the second quarter of 2021. Nevertheless, Q3 has remained largely…
State court Judge Shanlyn A.S. Park, hailing from Hawaii and with a background in public defense, is primed to make history as the first Native Hawaiian woman granted life tenure in a federal judgeship. This milestone comes after a vote from the U.S. Senate confirmed her appointment last Thursday, paving the way for an unprecedented…
In an interesting turn of legal events, the US Court of Appeals for the Federal Circuit affirmed the Patent Trial & Appeal Board’s patentability determination, which found that a patent challenger waived an argument it tried to incorporate by reference to another brief. The case in question here is Medtronic, Inc. v. Teleflex Life Scis….
In a recent development, a New York judge has upheld the $156,000 sanction against Robins Kaplan LLP for its unauthorized access to an opposing party’s Dropbox account amid a dispute over litigation funding. The severe sanction was held in place despite the law firm’s attempts at a dispute. However, the implementation of the ruling has…
In an important development, this month saw the Fifth Circuit’s ruling on the controversial Tesla, Inc. v. NLRB case that questioned an employer’s right to maintain a uniform policy that could potentially restrict employees from wearing union t-shirts. In a significant judgement, the court sided with Tesla, putting a decisive spin on the standing National…
In a recent ruling, the U.S. Court of Appeals for the Fifth Circuit ruled against Cajun Industries LLC in a case concerning its claim for research credit under the Internal Revenue Code (IRC) Section 41. The case, United States v. Grigsby, Docket No. 22-30764, has far-reaching implications for companies attempting to claim tax credit for…
Donald Trump’s country club based in Bedminster, New Jersey, has been hit with a lawsuit by Alice Bianco, a former server. Bianco alleges that one of Trump’s leading attorneys manipulated her into agreeing to an unsatisfactory settlement with a prohibited nondisclosure agreement, subsequent to her accusation of sexual assault against her manager. Bianco alleges the…
Announced on a Thursday in late November, Loeb & Loeb LLP, a renowned law firm, has confirmed leadership changes slated for February. The firm has decided to elevate two of its experienced corporate law veterans to the position of firmwide co-chairs. This move signifies a shift in leadership within one of Loeb & Loeb LLP’s…
The Texas State Bar is in consultation over the introduction of new ethics rules guiding the departure of attorneys from law firms. Central to the proposed changes is the position that attorneys leaving a firm should not be subjected to unreasonable notice periods. Additionally, departing attorneys should not be faced with an outright prohibition on…
Within the competitive climate of Biglaw, news regarding associate raises is swiftly making its rounds. At the centre of current discussions is Willkie Farr & Gallagher, whose significant gross revenue of 1,380,000,000 decidedly places it as a prominent player within the top 31 of the AmLaw 100 list. Following in the footsteps of Cravath’s recent…
Today, Donald Trump’s New York gag order was restored by a four-judge panel from the First Judicial Department, overturning the interim stay that was implemented last week. This decision was made by Associate Justice David Friedman, considering the “constitutional and statutory rights at issue.” Find more information here. The order was initially put in place…
As 2023 draws to a close, Above the Law organizes a celebratory event open to legal professionals. This event provides an excellent opportunity for professionals to close out the year in a casual and social setting. If you are around the NYC area and available on Monday, December 11th, you are invited to join in…
In an increasingly digitalized world, the significance of social media as a platform for communication, marketing and brand amplification cannot be denied. This remains true within the domain of large law firms, often termed as BigLaw firms, as well. An annual analysis that measures the social media performance of the top 200 U.S. law firms…
Duke University School of Law is set to benefit from a significant $5 million slice of a larger $100 million award gifted to the overall college by The Duke Endowment. As reported, this is a historic single award for the university based in Durham, North Carolina. Timed to celebrate the upcoming centennial anniversary of both…
In the ever-evolving legal landscape, the recent instability in law firm salary structures has become a harbinger of future changes. Seismically titled, “The Salary Wars That Almost Didn’t Happen”, this insightful piece provides a crucial understanding of this situation. In their weekly Barometer newsletter, the reporting team at ALM Global Newsroom and Legalweek monitors trends…
In the most recent series of patent case summaries, the significant case Purdue Pharma L.P., et al. v. Collegium Pharmaceutical, Inc., et al., No. 2022-1482 has made headlines, with a decision issued by the Federal Circuit Court (Patent Trial and Appeal Board, or PTAB) on November 21, 2023. The detailed opinion was penned by Dyk…
Over the past year, a trend has emerged in several states enacting healthcare antitrust legislation. These laws target healthcare entities and implement a dedicated healthcare transaction review process by relevant state agencies. The jurisdictions leading the pack with these new legislations in 2023 include California, New York, Minnesota, and Illinois. The essence of the new…
In breaking news, EDRM – Electronic Discovery Reference Model, is gearing up to present a novel solution for remote, smartphone data collection leveraging cloud technology. The webinar titled, “Revolutionary Cloud-Based Smartphone Data Collection: It’s Time To Ditch The Kit!”, is earmarked for December 12th, with a timing of 1:00 pm – 2:00 pm ET. The…
The role of storytelling in driving business-to-business (B2B) transactions, particularly in disciplines hinging on reputation management, is proving to be a game-changer. As reported by JD Supra Perspectives, narrative branding is emerging as a critical method for professional services in establishing and improving connections with clients and stakeholders. Previously, traditional ways of branding in the…
The rapidly evolving landscape of legal technology has garnered substantial attention from the legal community, as companies incorporate more Artificial Intelligence (AI) based tools into their offerings. Two significant examples from the previous month are Thomson Reuters’s acquisition of Casetext and LexisNexis’s rollout of Lexis+ AI. The $650 million acquisition of Casetext has paved the…