Bloomberg Law, further broadening its range beyond legal research, has recently acquired Dashboard Legal, a project management platform specifically designed to cater to the needs of the legal market. This development marks a significant addition to the company’s expanding business portfolio, which began with the introduction last year of Bloomberg Law Contract Solutions, a product…
In a recent development concerning Microsoft’s Intellectual Property (IP) dispute, the case has been moved to the federal court. The move occurred just before the pretrial conference, leading legal experts to speculate about the software giant’s motives. Mark Walters of Lowe Graham Jones commented on this, suggesting, “I think [Microsoft is] trying to avoid a…
The Pentagon’s “Commercial Space Integration Strategy” opens the door for the implementation of military force to protect US commercial space operators, it also suggests that the Department of Defense (DoD) could provide financial backing to contractors offering space services. As reported by Breaking Defense, the strategy has been released today by the outgoing Assistant Secretary…
This week in legal tech investments, four notable investment deals have become highlights of the conversation. The UK-based company, Luminance, which uses artificial intelligence to automate the creation, negotiation, and analysis of contracts, has successfully raised $40 million in a Series B funding round. The funding round found leadership in the Santa Monica-based, growth-stage venture…
In a noteworthy overture to the commodification trend of music intellectual property, legendary rock band KISS has negotiated the sale of its song catalog to Pophouse Entertainment Group AB for a deal exceeding $300 million. And it’s not just the music that the Swedish company aims to acquire: along with it comes the powerful imprimatur…
This week has already seen a flurry of action in the legal tech investment sector, with four significant deals emerging. Key players are responding to market inclinations, and well-known entities, including Luminance, Scrut Automation, TRĒ and VXT, are seizing these opportunities to expand their market reach and technological capabilities. Luminance, a firm based out of…
As recent events have shown, the next frontier of privacy litigation looks set to be the Illinois Genetics Information Privacy Act (GIPA), which has been hit with a wave of class actions since 2023. This novel legislation regulates how employers can use people’s genetic data and has important implications for businesses operating in the region….
The U.S. Government Accountability Office (GAO) has decided against a Virginia-based defense contractor’s objections over a $192.7 million contract for U.S. Army technical and engineering support. Despite allegations of potential conflicts of interest, Crowell & Moring LLP attorneys representing the contractor received no reprimand. The defense contractor lodged a protest challenging the award of the…
In the midst of cryptocurrency’s upward revenue trajectory, an increasing concern arises on tax compliance and policy making in compensation to society. Despite some volatility, digital assets’ popularity continues to climb. With this, the tax reporting gap has also escalated resulting in a loss of at least $50 billion in revenue from crypto transactions. Revolutionary…
For corporate legal teams craving a light-hearted interjection in their mundane contract routine, or for any legal professional seeking an amusing novelty, a new venture paints an enticing offer. The newly launched online store LawLawLand, backed by contract management enterprise SpotDraft, offers an array of inventive products that remarkably bring humor to the legal profession….
Former President Donald Trump’s legal expenses are causing a stir within the legal community, with reports suggesting his outgoings on legal fees and ‘lawyer-related costs’ have surpassed the $100 million mark since he left office. Calculations reveal that these expenditures equate to over $90,000 per day. Interestingly, Trump managed to collect just over $250 million…
Teva Pharmaceuticals USA Inc. has enlisted Kirkland & Ellis in their legal battle against Amarin Pharma, an Irish based pharmaceutical firm. Teva’s antitrust suit accuses Amarin of dangerously monopolising the market for the principal ingredient in its cardiovascular health drug, Vascepa, thus thwarting competition from generic brands. The specific accusation is that the company has…
The Federal Deposit Insurance Corp.’s (FDIC) newly updated bank merger guidelines represent an important turning in US labor market competition. For the first time these guidelines aim to prohibit noncompete clauses in employee contracts in the context of bank operations. Such a development underscores the Biden administration’s commitment towards fostering greater competition within the labor…
Pillsbury, a prestigious international law firm, has recently welcomed two distinguished recruits to their partner lineup in the San Francisco office. Jeewon Serrato and Shruti Bhutani Arora have joined the firm as partners, announced Pillsbury. Serrato brings her notable expertise in consumer privacy, cybersecurity, and data optimization and data science matters to the office. Moreover,…
Michael Rubin, CEO of Fanatics, is one of the most tenacious dealmakers in the business sector today. Well-known for his high-profile Hamptons white parties, he has become prominent for successfully maneuvering through the complicated landscape of business agreements and mergers. One of the most notable instances is when Rubin skillfully intercepted established contracts, thwarted public…
The US Supreme Court recently heard arguments regarding whether Indian Health Services (IHS) should be reimbursed for “contract support costs” that involve third parties like Medicare and Medicaid. The ambiguity arises from the differing judgments of the US Court of Appeals for the Ninth Circuit and the Tenth Circuit. The Ninth Circuit ruled that reimbursements…
As reported recently by Bloomberg Law, James W. Kim has taken up a position at Polsinelli as a shareholder within the firm’s government contracts practice. This move has added another experienced lawyer to Polsinelli’s established Washington, D.C. base. Kim is well-known for his extensive knowledge of procurement law and his invaluable advice to companies working…
In recent developments within Nepal’s cricket industry, a substantial disparity between male and female players’ salaries has been brought to light. On February 26, the Cricket Association of Nepal (CAN) issued a press statement revealing the annual central contracts for players of both national teams. The contract grades for 30 male players and 19 female…
Recent lawsuits concerning global enterprises AT&T Inc. and Lockheed Martin Corp. have started to shed light on a potential tipping point for pension risk transfer transactions. Both companies have come under scrutiny for having moved thousands of their workers out of standard pension schemes and into annuity contracts. Pension risk transfers are frequently employed by…
Fast Company’s annual ranking of the world’s most innovative companies this year includes 606 organisations with diverse specialisations. Intriguingly, only four of these are from the legal technology industry. The esteemed publication highlights these companies as pioneers in their fields, driving transformation through innovative practices. The high bar for consideration includes not just evidence of…
The ongoing case of Truck Insurance Exchange v. Kaiser Gypsum Co. appears to have garnered the Supreme Court justices’ sympathy for the insurance company involved. During the proceedings, a technical question under the Bankruptcy Code was discussed, aiming to ascertain when an entity qualifies as a “party in interest” under the statute. This status affords…
James Ferrara, an experienced circuit court judge, has recently made a notable career move, joining the esteemed ranks of Hinshaw & Culbertson as a partner. Based within their business litigation division in Fort Lauderdale, Florida, Ferrara’s appointment was announced by the firm on Wednesday, as reported by Bloomberg Law. Having served as a circuit court…
As artificial intelligence (AI) continues to evolve rapidly, many business sectors are wondering how emerging tools will likely change and enhance their work. The field of law is no exception. Recently, Thomson Reuters released a report— Lawyers Harnessing The Power of AI, where it discusses how generative AI, a type of machine learning, has the…
In response to a recent Supreme Court ruling in Britain that put into question the legitimacy of numerous litigation-funding agreements, the UK government has put forth a dual-clause bill aimed at overturning the decision. The introduction of this bill signifies an end to much of the speculation surrounding how the government would address the consequences…
In an industry not traditionally known for its innovative zeal, legal technology companies, or legal tech as commonly referred, are driving change and modernization. The annual ranking published by Fast Company attests to this fact with four legal tech companies being included in their selection of the most innovative enterprises globally. Fast Company’s innovative business…