Addleshaw Goddard and DWF have recently expanded their teams in the United Arab Emirates with new partner hires. Among the notable recruits is Sandeep Puri, who joins Addleshaw Goddard from Baker & McKenzie. Puri brings more than two decades of experience in the UAE, where he has provided advice on banking, finance, and capital market…
Over the summer, legal activity in Paris saw an increase on the lateral hires front, with key law firms, including King & Spalding and Fieldfisher, expanding their partnership roster. This recruitment drive has seen the addition of new partners in critical practice areas within the French capital. Amy Frey, a notable figure in the international…
With the continuous rise of remote work, law firms have come to rely on digital channels more heavily than ever. In particular, numerous law departments are employing what have been termed ‘Zoom Associates’ to navigate this new landscape. However, optimizing this new legal professional for maximum effectiveness require an understanding of their unique role and…
In a noteworthy judicial move, the Seventh Circuit opted to nullify a $57 million attorney fee award from a $181 million settlement for chicken buyers in a high-stakes antitrust lawsuit recently. The court’s argument was that the lower court failed to examine bids made by class counsel in auctions from other cases or fee awards…
As the legal industry grapples with the enormous potential and myriad implications of artificial intelligence (AI), clients are driving increased demand for AI-focused legal expertise. This phenomenon is leading to a significant uptick in the number of large law firms that are investing resources to meet these demands. To keep pace with clients’ needs, many…
In a recent incident at the University of North Carolina (UNC) Law School, it has been reported that an active shooter situation wasn’t enough to derail regular classes. According to Above the Law, several UNC law professors thought their classes held more priority than the ongoing incident, prompting concerns about the school’s approach to emergency…
In a recent move aimed at addressing compliance concerns, the Internal Revenue Service (IRS) has opted to delay the enforcement of required Roth “catch-up” contributions until 2026, per recent guidelines issued. This decision is pivotal for industry stakeholders, as it addresses concerns raised by employer coalitions and industry groups on their ability to implement the…
In a recent development, the Internal Revenue Service (IRS) announced a two-year break for employers in regards to the implementation of the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0’s rule. The rule in question involves the stipulation that catch-up contributions made by higher-income participants must be designated as after-tax Roth contributions. The…
On 19 July 2023, the Luxembourg parliament ratified the new Luxembourg-UK double tax treaty (“DTT”). If all goes as planned, the measure should take effect in 2024, marking an important move for companies and investment funds operating in both countries. The UK ratified the treaty earlier, on 7 June 2022. This agreement introduces key changes,…
In an era where artificial intelligence (AI) rapidly integrates into the operational fabric of virtually every business and organization, it has become crucial to implement applicable workplace policies. Notwithstanding its multitude of benefits, the utilization of AI-powered applications and tools also introduces a series of potential challenges, some of which can entail significant legal risks…
As more law firms look to leverage social media as part of their digital strategy, it’s essential to understand the best ways to drive web traffic from these platforms. In the past, many legal practitioners perceived social media as a platform for casual networking, photos, and harmless status updates. However, current trends suggest that these…
In a coordinated, nationwide effort to combat coronavirus relief fraud, the Department of Justice (DOJ) conducted a recent enforcement action that culminated in 718 enforcement actions. The hefty undertaking ushered in federal criminal charges against 371 defendants, tallying to alleged fraudulent dealings involving upwards of $836 million in COVID-19 relief funds, as noted by legal…
In August 2023, notable legislative changes occurred in the maritime sector that legal professionals should examine closely. The parliament of the Republic of the Marshall Islands, the Nitijela, approved amendments to the Maritime Act of 1990, which can be of marked significance to multinational corporations and law firms involved in maritime legalities. To understand the…
The labyrinth of employer diversity programs seized the legal limelight with the Supreme Court’s Students for Fair Admissions decision. Ever since, corporate legal teams have been grappling with the potential challenges posed to their diversity, equity, and inclusion (DE&I) policies and programs. Given the recent spate of litigation in the sector, this trend of legal…
Pursuant to Louisiana’s medical marijuana law, commonly known as the “Alison Neustrom Act” or simply the “Act”, both physicians and patients now face novel legal situations. Under the purview of this Act, Louisiana physicians who are registered with the Louisiana State Board of Medical Examiners are allowed to recommend certain forms of cannabis for therapeutic…
In a recent court decision that may impact the way corporations manage insolvency procedures, an appeals court has declared that chapter 5 avoidance actions are considered part of a debtor’s bankruptcy estate. These actions can be sold in section 363 sales according to the case of In re Simply Essentials, LLC, No. 22-2011, 2023 U.S….
California is renowned for its progressive stance concerning employee rights, with the state’s Fair Employment and Housing Act (FEHA) traditionally considered one of the most employee-friendly civil rights laws in the country. The law’s latest amendment signifies further progression, promising to reshape the professional landscape, as it extends FEHA liability to involve “institutional agents” of…
In a recent decision on August 23, 2023, The Delaware Court of Chancery addressed an issue of poorly drafted contracts in the case, Frontline Technologies Parent LLC et al. v. Brian Murphy et al. The case, as pronounced by the court, is described as a “textbook example of why parties should ensure their contracts say…
In an ongoing legal dispute, Apple Inc. has requested that a federal judge levy sanctions against law firm Quinn Emanuel Urquhart & Sullivan LLP, as well as the individual attorneys involved. This comes in response to their perceived inaction regarding what has been described as “the most consequential email you can get from a client”….
With India’s lunar south pole landing via Chandrayaa-3, the space race has surged ahead, achieving further strides and international attention. The feat has launched India into an ‘exclusive club of moon landers,’ joining the United States, China and Russia. As noted by Bradley Arant Boult Cummings LLP, governments are increasingly diverting significant funds into their…
In a new development, the Centers for Medicare & Medicaid Services (CMS) announced this morning a selection of prescribed drugs that will be subject to price negotiation. This declaration signifies the first instance the agency has revealed such a list. The move comes as part of the Inflation Reduction Act’s Medicare Drug Price Negotiation program….
Building a diverse, talented, and balanced team isn’t easy. It becomes even more challenging when it involves a large legal firm with over 601 attorneys. However, according to Law360’s Women in Law pipeline score methodology, one Biglaw firm stands apart from the others. The evaluative method takes into consideration how well firms are keeping pace…
Federal Judge M. Casey Rodgers has requested to understand the extent to which outside investors backing lawsuits will benefit from a $6 billion settlement established for military veterans who were injured by faulty earplugs manufactured by 3M Co. The disclosure came on the heels of 3M Co.’s announcement of a settlement to resolve the countless…
Auto insurers are frequently requested by their insured parties and third-party claimants to compensate for what is commonly referred to as “diminished value” damages linked to automobile accidents. Broadly speaking, “diminished value” signifies the loss of a damaged vehicle’s market value due to an accident. In various parts of the United States, the subject of…
In recent years, in-house legal counsel have been increasingly implementing strict and often intricate “billing guidelines” for outside counsel. These guidelines, often comprehensive and complex, are designed to help clients maintain control over legal spend, but many observe it as merely another layer of administrative red tape that delays payments. With a growing burden of…