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Law Firm Rates Rise In 2023, But Mixed Outlook Ahead

By Xiumei Dong

Corporate legal departments continue to face rising hourly rates from law firms, but rate changes have varied across industries, and the first four months of 2024 present a snapshot of these varying average rate increases, according to a recent report from Wolters Kluwer's ELM Solutions.

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    California Pulse

    Freshfields Launching New Name, Logo In October

    Magic Circle firm Freshfields Bruckhaus Deringer LLP announced Tuesday that it is rebranding to shorten its name to Freshfields beginning next month.

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    California Pulse

    Norton Rose Stresses Regional Chops In New Leadership

    A year after the sudden departure of Norton Rose Fulbright's worldwide CEO, the firm announced a permanent reshuffling of its global management structure, formally putting regional managing partners in charge of coordinating the firm's international business.

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    Daily Litigation

    Smartmatic Can't Seek Punitive Damages In Newsmax Suit

    A Delaware Superior Court judge on Monday ruled that Smartmatic USA Corp. can't seek punitive damages in the defamation trial over unsubstantiated claims from Newsmax Media Inc. that the company's voting systems rigged the 2020 election, saying Smartmatic couldn't meet its burden to prove express malice.

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    In-House

    Coinbase Brings On Ex-Citadel Legal Chief With SEC Chops

    Coinbase announced on Monday it has hired Ryan VanGrack to serve as its vice president of legal, where he will be overseeing civil litigation, regulatory probes, employment and intellectual property matters for the crypto exchange after spending seven years with Citadel Securities as general counsel.

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    Pennsylvania Pulse

    Penn Law Professor Sanctioned For Discriminatory Remarks

    A professor at the University of Pennsylvania Carey Law School will be sanctioned for making "sweeping and derogatory generalizations about groups by race, ethnicity, gender, sexual orientation, and immigration status," according to university documents made available Monday.

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    Courts

    Judge Recuses Self After Opening Jackson Walker Ethics Probe

    U.S. Bankruptcy Judge Marvin Isgur has asked a Texas federal court to investigate potential sanctions against Jackson Walker LLP for its failure to disclose a relationship between a firm partner and a federal judge, also telling the court he would recuse himself from any proceedings involving the ethics breach.

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    California Pulse

    Dentons Launches Generative AI Contract Automation Tool

    International law firm Dentons has attorneys in Europe testing a generative artificial intelligence tool for contract automation, the firm said Monday.

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    In-House

    Biotech Co. Precigen Announces IP Exec's Departure

    Precigen Inc. announced Monday in a U.S. Securities and Exchange Commission filing that its senior vice president of intellectual property affairs will be leaving at the start of November after more than a decade with the biotechnology company.

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    DC Pulse

    Holland & Knight Adds Former Treasury Adviser In DC

    A former adviser for the U.S. Department of the Treasury and counsel for the Consumer Financial Protection Bureau has moved his practice to Holland & Knight's office in Washington, D.C., the firm announced Monday.

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    California Pulse

    Skadden Lands King & Spalding Litigation Leader In Palo Alto

    The former leader of the trade secrets practice and California consumer class action team at King & Spalding LLP has jumped to Skadden Arps Slate Meagher & Flom LLP's Palo Alto office to continue her work in high-stakes complex civil litigation, the firm announced Monday.

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