U.S. oil company ConocoPhillips said Monday that Venezuela's state-run oil company will pay in excess of $2 billion to settle part of a long-running dispute stemming from the country's nationalization of its petroleum industry. 
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TOP NEWS

ConocoPhillips, Venezuela Oil Co. Reach $2B Settlement

U.S. oil company ConocoPhillips said Monday that Venezuela's state-run oil company will pay in excess of $2 billion to settle part of a long-running dispute stemming from the country's nationalization of its petroleum industry.  Read full article »

Citgo Trying To Delay $1.2B Venezuela Award Row, Miner Says

Crystallex International Corp. pressed a Delaware federal judge Monday to allow it to immediately forge ahead with the sale of Citgo Petroleum Corp.'s shares, a means of enforcing its $1.2 billion award against Venezuela, saying a bid by Citgo to have the court oversee the sale is a delaying tactic. Read full article »

Sudan Asks Oil Co. To Drop $100M Oil Arbitration Row

Sudan has asked India's ONGC Videsh Ltd. to drop a $100 million international arbitration claim over unpaid oil dues that accrued after a joint project suffered following South Sudan's independence.  Read full article »

COMMERCIAL

Turkey Becomes 9th WTO Member To Fight US Metal Tariffs

Turkey has filed a World Trade Organization challenge to the Trump administration's steel and aluminum tariffs, becoming the ninth government to question the national security justification for the levies, according to a WTO document circulated Monday. Read full article »

PEOPLE

Latham Fortifies Star IP Trial Team With WilmerHale Atty

A former WilmerHale patent litigator who has represented clients in disputes in industries ranging from pharmaceuticals to social networking is the fourth senior trial lawyer to join Latham & Watkins LLP’s Washington, D.C., practice within a year, Latham announced recently. Read full article »

EXPERT ANALYSIS

The 'Post-Fact' Jury In The 'Fake News' Era

The "fake news" phenomenon is ever more prominent in the political arena — but not in the jury box. At a trial, jurors don’t have to rely on the media or any other source to tell them the facts and issues, since they have a front-row seat to the action, says Ross Laguzza, a consultant at R&D Strategic Solutions LLC. Read full article »

LEGAL INDUSTRY

Firms Saw Growth Surge In First Half Of 2018

During the first half of the year, law firms enjoyed one of the strongest periods of growth since the onset of the Great Recession, according to a quarterly survey of firms' financial health released on Monday. Read full article »

Effort To Boost Diversity In Leadership Touts Top Law Firms

An effort launched last summer to encourage law firms to affirmatively consider women and attorneys of color for leadership roles and promotions by taking a page from the NFL's diversity playbook is cheering its first-year success — with 41 law firms crossing the goal line. Read full article »

Vendors Say AI Will Allow Attorneys To Do Better Legal Work

Artificial intelligence is not yet a part of the standard operating procedure at all large law firms, but in a decade it probably will be, Womble Bond Dickinson chief knowledge officer Bill Koch predicted at a legal technology conference on Monday. Read full article »

Law Firms' Dominance In Crosshairs Of 'Emerging' Providers

The challenges to law firms’ dominance in the legal sector coming from alternative legal services providers and others are just beginning, according to a group of panelists who spoke Monday at a legal technology conference in Maryland. Read full article »

Jones Day's Francisco Got $2.2M After Taking Solicitor Job

U.S. Solicitor General Noel Francisco took in more than $2.23 million from Jones Day last year after making the jump to the Trump administration, according to recent financial disclosures. Read full article »

Kavanaugh Meets Top Senate Dem Opposing His Confirmation

President Donald Trump's U.S. Supreme Court hopeful, D.C. Circuit Judge Brett Kavanaugh, on Monday met with his first Democratic critic: Sen. Dianne Feinstein, D-Calif., the Judiciary Committee ranking member who has been leading the charge against Judge Kavanaugh's nomination. Read full article »

Feature

Lawyers Need To Disrupt Themselves To Succeed

Even if their business models don’t seem broken, lawyers in the 21st century must fight against complacency, push themselves to adopt unfamiliar skills and maintain an open mind, according to a new book published by a University of Miami professor of law, who contends that embracing innovation is the way for attorneys to keep up with clients’ ever-evolving needs. Read full article »

Interview

15 Minutes With Plated's General Counsel

Tina Mohanty didn't envision making an in-house transition until the co-founders of meal kit maker Plated approached her with an opportunity she couldn't refuse. Here, the company's first general counsel shares how her plan to remain in private practice transformed into an almost four-year career — and which is her go-to recipe. Read full article »

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