We’ve often heard the adage “do it afraid”, a piece of advice aimed at motivating individuals to face challenges head-on, despite their fears. However, when it comes to pressing responsibilities such as reviewing, revising, drafting, negotiating, and managing contracts, can fear be a detrimental factor to in-house lawyers? For many legal professionals, their first in-house…
Each year, numerous bright individuals begin their journey into the world of law by attending law school. This journey, starting with the 1L (first-year law student) experience, can be quite daunting due to the rigor of classes and the immense pressure to succeed. Because of this, the following tips, originally penned by an anonymous author…
Generative artificial intelligence (AI) is anticipated to fundamentally change the job landscape in leading commercial law firms. At least one in four large law firms believes generative artificial intelligence will supplant some positions within their respective companies in the next five years, according to a recent survey. The study, which involved 24 major legal institutions…
Axiom Ince, the established buyers of U.K. law firms Ince and Plexus Law, has recently requested the help of prominent accounting firm BDO to conduct an essential internal investigation. This follows the recent suspension of three of its leaders over allegations of financial mismanagement, creating a sense of unease amid client concerns. The firm aims…
Kirkland & Ellis, a titan in the commercial legal industry, has a reputation paralleling that of industry giants like Real Madrid in football, Disney in animation, or Apple in software development. Their innovative strategies have brought them to the fore, bypassing competition in terms of revenue, profits, and reputation. Yet, the question arises, why would…
In a recent development at The Contact Network, a company led by CEO Jim Wagner, the legal tech firm has reported an initial fundraising of $8M. The funds are aimed at enhancing the development of their AI-powered contract collaboration platform. The aforementioned round was headed by Tusk Venture Partners with contributions from Andrew Sieja, founder…
In an era characterized by rapid technological advancement and ever-evolving global regulatory landscapes, the legal sector finds itself at the crossroads. As corporations and law firms expand their activities across multiple jurisdictions, they face increasingly complex legal challenges, some of which have global implications. Take, for instance, the impact of the European Union’s General Data…
In a recent legal development, the Virginia Court of Appeals overturned a prior circuit court ruling against the Navy Federal Credit Union. The matter pertained to an elderly woman who was tricked into sending $134,500 through fraudulent wire transfers. Despite the plaintiff, Delores B. Lentz, claiming the credit union should have intervened, the appeals court…
The Committee on Foreign Investment in the United States (CFIUS) has recently released its statutory annual report for the calendar year 2022. This unclassified edition of the report – issued on July 31, 2023 – offers an overview of crucial trends within the realm of inbound foreign investment reviews by the U.S. government. The report…
In the constantly evolving field of ecommerce, businesses are often confronted with numerous challenges in maintaining control over their distribution and ensuring brand integrity while addressing antitrust law compliance. This complex landscape raises two critical aspects: the creation of do not sell lists often alternately termed as restricted distribution lists or prohibited customer lists, and…
In a bid toward sustainable housing, the City of Los Angeles’s Planning Department is proposing an expansion of the city’s adaptive reuse policies. The proposal is a revision and an expansion of Sections 12.03, 12.22 A.26, 12.24 X and 16.05 of the Los Angeles Municipal Code (LAMC) and the Adaptive Reuse Incentive Areas Specific Plan…
Intellectual property rights are increasingly pivotal in the modern world, symbolic of stature and power for numerous corporations and brands. One company at the forefront of leveraging Intellectual Property (IP) rights is Mattel, Inc. The world-renowned toy manufacturing company has embarked on a path that places its iconic Barbie brand at the center of an…
In recent times, the Cayman Islands have become a hub for schemes of arrangement and restructuring, a process made critical due to the widespread economic instability caused by the global pandemic. Navigating such turbulent times has become a key concern for big businesses and law firms alike across the globe. Conyers, a prominent law firm…
Every commercial transaction begins with an offer, and understanding the psychology and legal principles behind the formulation of effective offers can have profound impacts on the success of law firms and corporations alike. One powerful concept, drawn from Alex Hormozi’s book, “$100 Million Dollar Offers”, is the “grand slam offer.” Embodying a different approach to…
In the complex universe of commercial real estate leases, one widely used yet frequently misunderstood concept is the idea of “Grossing-Up” Operating Expenses. This is a critical aspect that legal professionals must properly comprehend to expertly navigate lease negotiations and draft effective contractual agreements. Primary actors in this arena typically include tenants and landlords engaged…
On March 29, 2021, the U.S. Food and Drug Administration (FDA) issued its draft guidance document on the facility registration and product listing requirements for cosmetic companies under the Modernization of Cosmetics Regulation Act (MoCRA). The move aims to streamline the process and ensure transparent reporting in the cosmetics industry. Alston & Bird, the esteemed…
The question of whether arbitrations count as “litigation” for work product purposes under the Federal Rule of Civil Procedure 26(b)(3) has often been a subject of heated debate amongst legal practitioners. According to the rule, protection extends to documents prepared “in anticipation of litigation or for trial.” The critical terminology under scrutiny here is “anticipation…
In light of the recent surge in the cannabis industry, landlords and property managers across the United States now find themselves pressed to stay abreast of the unfolding trends. Although cannabis use is becoming more commonplace, its use close to buildings, particularly those without a clear no-smoking policy, is presenting unique issues for property owners,…
Every summer, the Pennsylvania State Tax Equalization Board (STEB) announces the Common Level Ratios (CLR) for each county. These ratios are critical in the calculation of real estate evaluations in tax appeal processes. STEB’s recent CLR announcement, applicable from July 1, 2023, to June 30, 2024, suggests commercial property owners in select counties may have…
For legal professionals entrenched within the world of corporate law, the recent agreement reached between the Teamsters Union and UPS presents significant implications for the broader automotive industry. As discussed in an article by Foley & Lardner LLP, there are several elements to unpack in terms of the impact of this settlement. Firstly, the agreement…
In the ever-varying tapestry of Florida’s commercial real estate (CRE) market, the ascent of pickleball has notably emerged as a driving trend. This intriguing transformation from a casual pastime to a formidable investment opportunity is arresting attention, reshaping the CRE terrain and prompting substantial changes in property acquisition and development strategies throughout the state. However,…
Medical testing companies, Natera Inc. and Eurofins Viracor LLC, recently urged the U.S. Supreme Court to refrain from reviewing the invalidation of Stanford University and CareDx patents for their innovatory blood test. The blood test, crucial for detecting organ rejection, had its patents invalidated as they were deemed to cover only natural phenomena. Law360 reported…
In an important update for the legal professionals involved in arbitration, the 2023 Edition of The ITA Guide to Latin American Arbitral Institutions has been recently released. As published on JDSupra, this guide proves to be an instrumental resource for anyone doing business in Latin America. The 2023 ITA Guide is an expansive volume, casting…
In a move aimed at fostering transparency in business-to-business transactions, both Georgia and Florida have passed laws mandating disclosure in commercial financing agreements. These new regulations necessitate that certain commercial financing providers present disclosure statements as a part of their operations. Georgia and Florida now join the increasing list of U.S states implementing such measures….
The U.S. Court of Appeals for the Ninth Circuit recently upheld the dismissal of a lawsuit filed by an Oregon company against its insurer for COVID-19-related losses. The basis for the dismissal centered on previous rulings in over 800 similar cases nationwide. The claim by Oregon Clinic, affirming that its commercial property insurance policy was…