Legal Departments Expect Outside Counsel to Embrace GenAI: Morning Minute
The news and analysis you need to start your day.
October 20, 2023 at 06:00 AM
3 minute read
Artificial Intelligence
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WHAT WE'RE WATCHING
KNOW YOUR INTELLIGENCE - Legal departments are starting to embrace generative AI to drive legal and business efficiencies—and they're increasingly expecting outside counsel to get on their level. Certainly, caution reigns supreme in the ongoing dialogue between legal departments and law firms concerning the adoption of generative AI. Yet, as Law.com's Jessie Yount and Maria Dinzeo report, in-house leaders are increasingly looking to the law firms they work with to at the very least understand the technology, if not use it to drive their own business efficiencies. "My growing expectation is that, if I'm going to outside counsel, they will be aware of [generative AI] and understand its use cases," said Colin Levy, director of legal at Malbek, noting he's looking for a combination of practicality and pragmatism.
ACT NOW? - In the wake of Davis Polk & Wardwell and Winston & Strawn rescinding job offers for students tied to controversial statements on Israel and Hamas, pressure is growing on law firms to act quickly and correctly, whether it's to speak up on international events, cut ties with an incoming associate or just vet more closely job candidates. Several law firm leaders declined to publicly comment on the issue and whether they would also rescind job offers for some associates. But law firms are quietly reviewing their incoming associates' views and social media statements, sources told Law.com's Patrick Smith and Justin Henry.
ON THE RADAR - Thermo Fisher Scientific Inc. has entered into an agreement to acquire Olink Holding AB from Summa Equity for $3.1 billion. The transaction was announced Oct. 17. Thermo Fisher was represented by Cravath, Swaine & Moore and Advokatfirman Vinge KB. Olink was counseled by Baker McKenzie. Summa Equity was advised by Ropes & Gray. J.P. Morgan Securities and Goldman Sachs Bank Europe SE, acting as financial advisors to Olink, were represented by Debevoise & Plimpton and Sullivan & Cromwell, respectfully. Stay up on the latest state and federal litigation, as well as the latest corporate deals, with Law.com Radar.
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EDITOR'S PICKS
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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