A federal banking regulator on Wednesday opened the process of making changes to the Volcker Rule, beginning in earnest the Trump administration’s plan to roll back some Obama-era financial regulations.
The D.C. Circuit late Tuesday allowed 17 states and the District of Columbia to join a high-stakes fight over billions of dollars in Affordable Care Act subsidies, complicating any effort by President Donald Trump to abruptly halt the payments.
A Davis Polk & Wardwell LLP white collar pro who has also served as a U.S. Department of Justice official has joined the team investigating Russian interference with the 2016 presidential election, a DOJ spokesman confirmed Tuesday.
Quinn Emanuel Urquhart & Sullivan LLP and Williams & Connolly LLP both downplayed reports Tuesday that the firms were considering a merger, dismissing as premature any chatter about a possible consolidation between the two distinctive litigation firms.
The Brooklyn federal jury deliberating fraud charges against Martin Shkreli came up for air after 12 solid hours of deliberations Tuesday, asking for a definition of "fraudulent intent" and what it meant legally when the pharma bad boy talked up his assets under management to investors.
The D.C. Circuit revived a putative class action brought by policyholders against CareFirst BlueCross BlueShield over a 2014 data breach Tuesday, finding that the alleged heightened risk of identity theft and medical fraud was enough to establish standing under the high court’s landmark Spokeo decision.
President Donald Trump has his pick to lead the FBI, after the Senate voted Tuesday to confirm King & Spalding LLP partner Christopher Wray to lead the agency following an agreement that could help confirm more administration picks.
Four renegade Teamsters tried to strong-arm a “Top Chef” television crew into hiring them for unneeded jobs with threats of physical beatings and economic damage, veering from union activism to criminal extortion, prosecutors told a Boston federal jury in opening statements at trial Tuesday.
President Donald Trump reviewed efforts by Fox News Channel and a Republican donor to craft a now-retracted article about the killing of a Democratic National Committee aide, according to a defamation suit filed Tuesday in New York federal court by a Fox contributor.
Sixteen Democratic attorneys general on Tuesday filed a D.C. Circuit challenge against the U.S. Environmental Protection Agency’s recent decision to extend a deadline to designate smog-affected areas, calling the delay illegal and harmful to public health.
President Donald Trump said on Monday he intended to nominate a former associate at Sidley Austin LLP with experience working in all three branches of government who currently serves as general counsel to a major wellness shopping company to be solicitor at the Department of the Interior.
The Delaware Supreme Court on Tuesday overturned the Chancery Court’s determination that payday lender DFC Global Corp.’s private-equity buyer underpaid by about $100 million in its $1.3 billion acquisition, but refused to create a broad judicial rule that deal price is the best indication of fair value in appraisal actions.
In strongly critical language, the D.C. Circuit on Tuesday overturned a National Labor Relations Board ruling that a unit of grocery store chain Kroger Co. violated federal labor law in a clash with union organizers, saying the board behaved more as “an advocate than an adjudicator.”
Delaware’s chancellor authorized an investigation Tuesday into leaks of bidder data and other details on the court-ordered sale of translation company TransPerfect Global Inc., after warnings that the disclosures are being used in an attempt to disrupt the already hotly contested process.
A federal appeals court on Tuesday overturned a decision that allowed MetLife Inc. and the Financial Stability Oversight Council to file nearly 2,000 documents under seal in their war over the designation of the New York-based insurer for enhanced regulation.
Daiichi Sankyo Inc. and Forest Laboratories Inc. have agreed to pay $300 million to settle claims in state and federal courts that the blood pressure drug Benicar caused gastrointestinal injuries, lawyers for both sides announced Tuesday.
Wells Fargo & Co. is being sued over unneeded auto insurance coverage it allegedly added to car loan bills, with a proposed class of borrowers telling a California judge on Sunday that the bank ran a racketeering enterprise.
A half-dozen of Houston’s top lawyers were among the dozens of oil, finance and other executives who on Monday told the Texas governor a proposed “bathroom bill” that would bar transgender people from using a bathroom of their choice would hurt the state’s economy.
The case against four Teamsters who are accused of roughing up a “Top Chef” television crew in an extortion plot began Monday with jury selection in Boston federal court.
Former Maricopa County Sheriff Joe Arpaio could face jail time after an Arizona federal judge passed down a conviction for criminal contempt Monday, finding he continued having people not suspected of criminal activity detained based only on their immigration status, even after a court order blocked the practice.
A recent survey found that nearly two-thirds of Am Law 200 firms are now using data analytics, compared to only about a tenth of regional and boutique firms. Yet the exploding market for data analytics technology in business is making these productivity tools available for any size matter or firm, say Christopher Paskach of The Claro Group and Douglas Johnston Jr. of Five Management LLC.
For decades, law firms have taken on considerable expense to acquire or rent opulent office space, often with the intention of signaling seriousness and reliability to their clients. But more recently, solo practitioners and established firms alike have started breaking tradition, says Philippe Houdard, co-founder of Pipeline Workspaces.
General counsels face the challenging task of understanding how companies can navigate the rules surrounding uses of artificial intelligence. To get smart on AI, general counsels must ask the right questions about areas such as human resources, intellectual property, liability and insurance, say Bruce Heiman and Elana Reman of K&L Gates LLP.
Though the Trump administration has yet to make an official statement regarding artificial intelligence, support for AI is consistent with its expressed desire to promote American business. As such, general counsel will inevitably have to navigate what big data and AI mean for compliance with current and future laws and regulations, say Bruce Heiman and Elana Reman of K&L Gates LLP.
Lawyers are likely turning to alcohol to lessen stress and anxiety, to socialize, and even to sleep better. Unfortunately, many are unaware that their nightly pour could be causing or exacerbating the anxiety that is plaguing the legal profession, says Jennifer Gibbs of Zelle LLP.
There is no question that solo practitioners and small law firms need to spend the majority of time on legal work, but in order to achieve sustainable growth, marketing should not be a secondary task “put-off” until you have some free time, says Matthew Horn, founder of Legal Services Link LLC.
Over the next few weeks, a slow trickle of news about one measure of law firm success — law firm financial results — will gradually become a flood as more firms open up about their performance in 2016. Law firm leaders would be wise to focus on nine factors that determine success, says law firm management consultant William Johnston.
Love is not a subject that lawyers typically devote themselves to professionally. But as we witness this historic transition to a new administration, lawyers in particular are reminded that love is tied, however imperfectly, to our cherished founding ideals, says Kevin Curnin, president of the Association of Pro Bono Counsel.
In the United States, the number of lawyers whose firms have used litigation finance has quadrupled since 2013. Even so, too many remain poorly informed, leaving them at a competitive disadvantage and prone to oddly persistent “alternative facts” about litigation finance, says Christopher Bogart, CEO of Burford Capital.
With so many possibilities and variables, it can be difficult to adhere to a strict graphics budget when preparing effective visuals for trial. There are several things you can do to limit the cost of your visuals without sacrificing quality, says Marti Martin Robinson of Litigation Insights Inc.