Over the past five years, state legislatures have progressively turned their focus towards the role of pharmacy benefit managers (PBMs) in the context of health care benefits. Instituting a significant expansion of PBM regulation, this development has set a precedent that is attracting global attention. Initially, legislation focused predominantly on the PBM services offered to…
In a decision bound to affect a significant number of global enterprises and law firms working with cryptocurrencies, The Internal Revenue Service (IRS) has clarified that stakers should include the value of any rewards earned from staking in their gross income. This ruling was released in Revenue Ruling 2023-14 on July 31, 2023. Specifically, it…
Securing a carbon-neutral future is an enormous venture, demanding drastic alterations across the global energy system. As an adaptable, robust energy carrier, hydrogen is projected to play an essential part. Yet realizing this potential is no simple task. It will critically lean on the capacity to visualize innovative low-carbon hydrogen projects, garner financing for them,…
In a recent podcast episode, The Consumer Finance Podcast delved into the details of the Consumer Financial Protection Bureau’s (CFPB) latest advisory opinion on time-barred debt collection. Hosted by Chris Willis, joined by colleagues Stefanie Jackman, Joe Reilly, and Jonathan Floyd, the podcast takes listeners through the key events that led up to this opinion…
In an era defined by rapid advances in technology, the legal landscape of corporations and law firms is shifting as digitisation permeates every facet of operation. The role of artificial intelligence (AI) in legal proceedings, in particular, is restructuring the traditional ways law firms work and how corporate legal teams navigate proceedings. One significant change…
Global investment firm KKR has made a significant move in the Indian market by acquiring a majority stake in LEAP India, a pallet pooling platform, for a reported figure above $350 million. The legal matters in this transaction are being overseen by Simpson Thacher & Bartlett and AZB & Partners on behalf of KKR, while…
In recent legal events, the 9th Circuit Court of Appeals has confirmed the authority of the Environmental Protection Agency (EPA) to include narrative prohibitions in National Pollutant Discharge Elimination System (NPDES) permits. This ruling was made following a dispute put forward by the city of San Francisco, who disputed the EPA’s jurisdiction to impose narrative…
In a podcast featured on the Market Leader’s platform, David Ackert sat down with Koree Khongphand-Buckman, the Chief Marketing and Business Development Officer at Foley & Lardner LLP. The primary focus of their conversation was the exploration of data-driven marketing and business development in the legal industry. You can listen to the entire episode and…
In recent legal developments, DarkOwl, a Denver-based dark web data service, and cybersecurity company has triumphed in a trademark dispute. The case against ArkOwl, a similarly named competitor, came to a conclusion when a federal magistrate judge in Colorado ruled that DarkOwl had not violated any of ArkOwl’s trademarks. Furthermore, the court validated DarkOwl’s own…
In an urgent call for action, key data privacy professionals from leading universities and prominent law firms including Orrick Herrington & Sutcliffe LLP, Hogan Lovells, Squire Patton Boggs LLP, and Cooley LLP are pressing law schools to dedicate more resources to the data privacy domain. This is driven by the growing global legislative scenario and…
Singapore-based law firm Rajah & Tann’s innovation subsidiary, Rajah & Tann Technologies, is harnessing technology to aid enterprises in navigating anti-money laundering (AML) regulations. Collaborating with Singapore-based property technology company Showsuite, they have launched a tech-driven solution specifically designed to assist property developers in Singapore in complying with recently introduced AML regulations. (source) These new…
Law firms explore generative AI for e-discovery efficiency but remain cautious due to ethical concerns and limitations. Find out how a balanced approach can maximize potential benefits.
Discover how legal tech startup LawCatch raised $3.5 million to enhance their AI-powered BriefCatch solutions and expand key areas, with backing from TIA Ventures and others.