A startup providing artificial intelligence (AI) solutions recently came out of stealth mode, aiming to make regulatory tasks simpler for corporate compliance chiefs. The company in question, Norm AI, was founded by renowned computer science expert John Nay, who has long been educating law students about generative artificial intelligence. Norm AI, headquartered in New York,…
When government lawyers outsource enforcement to external trial lawyers, issues of ethics and potential conflicts of interest can emerge. A recent Ohio federal opioid case involving law firm Motley Rice and the City of Chicago has prompted such concerns. The lawyers of this law firm have been found to simultaneously represent various state attorneys general,…
In recent advancements in the legal sector, generative artificial intelligence (AI) technology has been drawing considerable attention. As this technology evolves in its capabilities, it represents an interesting point of discussion among legal minds. In a recent conversation, Danielle Benecke from Baker McKenzie, renowned for her expertise in the interactive exchange between law and technology,…
The Democratic Republic of Congo’s (DRC) national election commission has come under scrutiny following allegations of mismanagement of state funds, according to a recent European Union-funded civil society report. The Independent National Electoral Commission (CENI), the focus of these claims, is facing accusations of failing to account for approximately $400 million of state funds which…
A recent federal trial in Brooklyn, New York has shed light on alleged corruption perpetrated by three of the world’s leading commodity trading houses, in collusion with state oil companies from several nations in relation to their business deals with Ecuador. According to accounts from the trial, Gunvor Group, Vitol Group, and Trafigura Group, each…
As announced by Bloomberg Law, defense contractor Leidos Holdings Inc. has elected to bring back Daniel Antal as a successor to their retiring general counsel, Jerald “Jerry” Howe Jr. Antal, who previously held various positions at Leidos, including corporate secretary and general counsel of the civil group, is slated to take over as Leidos’ top…
France’s highest court recently dismissed an appeal from Lafarge, a French building materials manufacturer, upholding charges of complicity in crimes against humanity. The landmark decision sets a legal precedent, marking Lafarge as the first company globally to face such grave charges. The case arose from a complaint filed by Sherpa, the European Centre for Constitutional…
The Securities and Exchange Commission (SEC) recently charged Agridime LLC, a Texas agribusiness specializing in meat sales, distribution, and animal supply chain management, in a case that serves as a stern reminder that agribusiness remains under the SEC’s oversight. Agridime allegedly conducted unregistered securities offerings and used investor funds for purposes undisclosed to investors. These…
Today’s interconnected world requires legal leaders to think transnationally and to embrace a forward-thinking mindset. These leaders are called to look toward the horizon in order to guide their international teams towards new successes. As the legal sector grapples with digital transformation, innovation is changing the playbook. The Chief Legal Officer of Ferring Pharmaceuticals, Curt…
Jeffrey Gilbert has recently been added to the Greenspoon Marder team as a partner within the litigation practice group in Miami. This information was released by the firm on a recent Tuesday. Gilbert’s specialty lies in representing clients dealing with business and financial disputes. His litigation experience includes a range of disputes from shareholder and…
In the legal realm, maintaining transparency and accountability within in-house counsel can be a convoluted task. Since we primarily use numbers to comfortably dwell in the business environment, it is necessary to design an interface that speaks the language of the business world. A legal score card, if carefully curated, can be a practical tool…
Contract negotiations, marked by a tiring back-and-forth over language agreements, are often a significant pain point for legal professionals. Even before the advent of generative AI, different contract technology products sought to simplify this process. These products would typically compare a received draft from a counterparty with a company’s draft, substituting the company’s preferred language…
In October of last year, SpotDraft, a contract lifecycle management company, announced the early-access release of its generative AI add-on for Microsoft Word, VerifAI, to facilitate attorneys in expediting the process of reviewing contracts. SpotDraft has now officially released VerifAI for general usage and is also offering a two-week free trial. When VerifAI was initially…
The ongoing contract dispute between insurer UnitedHealthcare (UHC) and hospital network Mount Sinai has led to Mount Sinai exiting the network for UHC’s employer-sponsored and individual plans. This step is due to unresolved payment disagreements, and according to one subject matter expert, both parties are to blame for the situation intensifying to this level. Nathan…
The Massachusetts Supreme Judicial Court is currently examining whether a pop-up screen used by rideshare company Uber provided adequate notice to its users about updated terms. These updated terms have major implications in a specific case where they would restrict a registered rider’s $63 million damages claim to arbitration following a paralyzing accident. This marks…
Cravath Swaine & Moore has revealed its past work as a foreign agent for Ukrainian businessman Mykola Zlochevsky and his company, Burisma Holdings Ltd., through recent Justice Department filings. These disclosures show that the law firm’s partner, John D. Buretta – a former Justice Department official, provided representation for Burisma and Zlochevsky from January 2016.[1]…
Artificial Intelligence (AI) is being championed as the solution for various business problems, from improving worker efficiency to honing the AI tools themselves. But even as AI provides unique opportunities, it also reveals unexpected challenges with potentially significant impacts on business and law. One such instance recently made headlines when a glitch in Chevrolet’s ChatGPT…
As the legal landscape continues to evolve, the Supreme Court has scheduled its February 2024 argument calendar, which will include a pair of challenges targeting controversial social media laws in Texas and Florida, as well as a dispute over whether the Environmental Protection Agency’s (EPA) plan to reduce ozone levels should be frozen. Over five…
In a recently issued decree, Russian President Vladimir Putin has given provision for foreign nationals fighting for Russia in the ongoing war in Ukraine to obtain Russian citizenship. This new offer extends to their immediate families, including spouses, children – whether biological or adopted, and parents. This announcement has occurred just days after the United…
The leading contract lifecycle management company, SpotDraft, has announced the general availability of its new generative AI product VerifAI after its early access release in October. The revolutionary contract review tool is now available for anyone to try for a two-week free trial. As previously reported, VerifAI uses generative AI to cross-reference contracts against user-determined…
The late 2023 veto of a bill aimed at banning noncompete clauses in New York by Governor Kathy Hochul has necessitated a return to negotiations in 2024. The vetoed legislation, which sparked heated debate amongst state legislators and influential business groups, sought to propose a carve-out for high-earning workers. The initiative came extraordinarily close to…
The OpenAI leadership shakeup has thrown fresh light onto corporate governance structures, in particular on how they are evolving around generative AI technologies. Two main points have emerged from the discussions swirling around this event. Firstly, it is apparent that substantial pressure is exerted on companies to leverage AI to generate profits. Simultaneously, equilibrium has…
A labor court in Bangladesh has convicted Nobel Peace Laureate Muhammad Yunus and three of his associates from Grameen Telecom— a company Yunus founded— for violating national labor laws. In a decision given on Monday, each party was sentenced to a six-month jail term, though bail was immediately granted pending an appeal. Yunus was honored…
In 2023, law firm hiring in Washington, D.C. concentrated specifically on key regulatory and enforcement practices. According to several legal recruiters in the area, practices including antitrust, white collar, government contracts, health care, and Foreign Corrupt Practices Act were mainly targeted. These hiring trends were reflective of the federal government’s priorities. Nonetheless, caution was exhibited…
Renowned law firm, Allen & Overy, is poised to unveil an artificial intelligence tool, ContractMatrix, set to revolutionize the process of drafting contracts. This innovative tool marks a new era in AI utilization among law firms. The initiative has been a cooperative effort, with technology giants Microsoft and Harvey playing instrumental parts in the development…