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International business advisory firm FTI Consulting Inc. has promoted a former WilmerHale managing partner to be global segment leader of its forensic and litigation consulting division and join its global executive committee.
Brazil-based contract lifecycle management provider netLex has announced the closing of an R$126 million ($22.6 million USD) funding round led by U.S. private equity firm Riverwood Capital.
Xapien, a U.K.-based due diligence platform used in legal and other industries, announced Wednesday that it has completed a $10 million Series A funding round that will allow the company to expand into the U.S.
Baker Donelson Bearman Caldwell & Berkowitz PC is adding a former general counsel of IT service provider DXC Technology Co. as a senior public policy adviser and of counsel in the firm's Washington, D.C., office, it announced Wednesday.
Legal software company Clio said Tuesday it has launched a new accounting software product for law firms — Clio Accounting — that's designed for use with an existing Clio product, Clio Manage.
Alternative legal services provider Execo has acquired India-based competitor Cacti Legal to strengthen its generative artificial intelligence offerings, marking its sixth acquisition, the company said Wednesday.
The Swedish legal artificial intelligence platform Leya added a $25 million Series A investment Wednesday as it seeks to compete with other emerging players offering generative AI for law firms' use.
Jackson Lewis PC has brought aboard a new chief technology officer with decades of law firm-focused information technology and management experience, who most recently held the role of chief digital officer for professional services firm Citrin Cooperman.
National litigation support services company Magna Legal Services has acquired family-owned, California-based competitor Bosco Legal Services, an acquisition that strengthens its service offerings.
Law firms' ongoing initiatives to address diversity challenges have driven another year of progress, with the representation of minority attorneys continuing to improve across the board, albeit at a slower pace than in previous years. Here's our data dive into minority representation at law firms in 2023.
Attorneys of color now represent 27.6% of nonpartners at law firms, a new high-water mark for the industry. But progress has lagged higher up. Here's a more detailed look at the representation of minority attorneys at the associate and partner levels.
Data from Law360 Pulse's law firm survey reveals that while firms are continuing to diversify their attorney ranks, progress has slowed. Just 15.6% of firms top the benchmarks for the 2024 Diversity Snapshot ranking — a lower percentage than last year. Here’s the latest look at how diversity in law firms' headcounts compares with what it could be based on the potential marketplace of new hires.
Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.
Law firm Dentons said Tuesday it has partnered up with an AI startup as part of its intellectual property service, saying the software will be able to speed up IP risk assessments for clients and flag when they need to speak further with a Dentons lawyer.
DLA Piper LLP has hired a new artificial intelligence policy adviser, who will join the firm in Washington, D.C., as part of the firm's government affairs and public policy team, the firm announced Monday.
Have initiatives and programs to address work-life balance reached the equity partnership, or is it still the exception in the legal industry?
The second half of 2024 will see the North Carolina Business Court tackle media rights in one of the country's largest collegiate athletic conferences while state justices weigh the scope of hospital immunity under the Tar Heel State's COVID-19 emergency law.
Leap Legal Software Inc. was hit with a discrimination lawsuit in New Jersey state court Friday from a former employee alleging she was fired due to her undiagnosed and untreated Lyme disease.
U.S. law firms have been working to reduce the amount of office space allocated per attorney. Despite these efforts, a recent report by the real estate services company Savills Inc. found that the average square footage per attorney still remains higher than the occupancy ratios most firms aim for.
Belgium-based legal services provider LegalFly announced Monday the closing of a €15 million ($16.3 million) Series A funding round with the intention of scaling its operations.
Law360 is pleased to announce the Rising Stars of 2024, our list of 158 attorneys under 40 whose legal accomplishments belie their age.
The legal industry had another action-packed week as attorneys took on new roles and law firms reshaped practices following the holiday. Test your legal news savvy here with Law360 Pulse's weekly quiz.
A major financial restructuring for an e-discovery company tops this roundup of recent legal technology news. Also, companies in the industry added new leaders.
Funding for legal technology companies totaled $2.422 billion in the first half of 2024, nearly matching the $2.443 billion in capital raised during the same period in 2023, a positive sign for the sector after years of declining investments.
Veteran Pennsylvania attorney and litigator Gabriel Vincent Tese says he fulfilled a lifelong dream last month when he left Eckert Seamans Cherin & Mellott LLC to start a cyber and technology law boutique with a New York partner who earned her law degree last year.
With the increased usage of collaboration apps and generative artificial intelligence solutions, it's not only important for e-discovery teams to be able to account for hundreds of existing data types today, but they should also be able to add support for new data types quickly — even on the fly if needed, says Oliver Silva at Casepoint.
With many legal professionals starting to explore practical uses of generative artificial intelligence in areas such as research, discovery and legal document development, the fundamental principle of human oversight cannot be underscored enough for it to be successful, say Ty Dedmon at Bradley Arant and Paige Hunt at Lighthouse.
The legal profession is among the most hesitant to adopt ChatGPT because of its proclivity to provide false information as if it were true, but in a wide variety of situations, lawyers can still be aided by information that is only in the right ballpark, says Robert Plotkin at Blueshift IP.
Alternative legal service providers can marry the best attributes of artificial and human intelligence to expedite turnarounds and deliveries for contract review, e-discovery and legal research, says Tariq Hafeez at LegalEase Solutions.
In order to achieve a robust client data protection posture, law firms should focus on adopting a risk-based approach to security, which can be done by assessing gaps, using that data to gain leadership buy-in for the needed changes, and adopting a dynamic and layered approach, says John Smith at Conversant Group.
To make their first 90 days on the job a success, new legal operations managers should focus on several key objectives, including aligning priorities with leadership and getting to know their team, says Ashlyn Donohue at LinkSquares.
Female attorneys and others who pause their careers for a few years will find that gaps in work history are increasingly acceptable among legal employers, meaning with some networking, retraining and a few other strategies, lawyers can successfully reenter the workforce, says Jill Backer at Ave Maria School of Law.
ChatGPT and other generative artificial intelligence tools pose significant risks to the integrity of legal work, but the key for law firms is not to ban these tools, but to implement them responsibly and with appropriate safeguards, say Natalie Pierce and Stephanie Goutos at Gunderson Dettmer.
To safeguard against the many risks posed by generative artificial intelligence legal tools, in-house counsel should work with their information security teams to develop new data security questions for prospective vendors, vet existing applications and review who can utilize machine guidance, says Diane Homolak at Integreon.
Opinion
We Must Continue DEI Efforts Despite High Court HeadwindsThough the U.S. Supreme Court recently struck down affirmative action in higher education, law firms and their clients must keep up the legal industry’s recent momentum advancing diversity, equity and inclusion in the profession in order to help achieve a just and prosperous society for all, says Angela Winfield at the Law School Admission Council.
Law firms that fail to consider their attorneys' online habits away from work are not using their best efforts to protect client information and are simplifying the job of plaintiffs attorneys in the case of a breach, say Mark Hurley and Carmine Cicalese at Digital Privacy and Protection.
Corporate legal departments looking to implement new technology can avoid hiccups by taking steps to define the underlying business problem and to identify opportunities for process improvements before leaping to the automation stage, say Nadine Ezzie at Ezzie + Co., Kenneth Jones at Xerdict Group and Kathy Zhu at Streamline AI.
A recent data leak at Proskauer via a cloud data storage platform demonstrates key reasons why law firms must pay attention to data safeguarding, including the increasing frequency of cloud-based data breaches and the consequences of breaking client confidentiality, says Robert Kraczek at One Identity.
There are a few communication tips that law students in summer associate programs should consider to put themselves in the best possible position to receive an offer, and firms can also take steps to support those to whom they are unable to make an offer, says Amy Mattock at Georgetown University Law Center.
Tools like ChatGPT can help students studying for the bar exam achieve their two main goals — mastering law concepts and topics, and then successfully applying them to the various question formats on the test — but there are still limitations to this technology, including incorrect answers, says Joseph Wilson at Studicata.