Growing Number of Law Firms Want to Add Office Space: The Morning Minute
Want to get this daily news briefing by email? Here's the sign-up. WHAT WE'RE WATCHING DOUBLE SPACED - Don't put that Garfield coffee mug…
December 14, 2023 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
DOUBLE SPACED - Don't put that Garfield coffee mug into storage just yet—the office isn't dead. While law firms still expect to use less office space going forward, according to recent legal industry reports, a solid segment of firms still plans to keep the same amount of space or even add space in the near future. Jenner & Block, for example, is essentially doubling its footprint in San Francisco with a new office that's set to open in the middle of next year, as well as opening a second office on the west side of Los Angeles in February. And, as Law.com's Andrew Maloney reports, more firms may be of a similar mind. "We expect to see firms continue to seek efficiencies in their use of space. That said, we see that with another year of a flexible work model under their belts, firms have a greater understanding of new working practices and have revised their approach to their space," the recently released 2024 Citi Hildebrand Client Advisory stated.
USE IT WISELY - A significant number of legal departments want their outside counsel to use generative artificial intelligence, and expect the technology to lead to better value for law firms' services, according to the 16th annual Law Department Operation Survey from the Blickstein Group and Deloitte. But before you entrust your entire practice to our robot overlords, be warned: Brad Blickstein, founder and principal of Blickstein Group and NewLaw Practice co-head at Baretz+Brunelle, told Law.com's Rhys Dipshan that this doesn't mean clients are giving their outside counsel free rein with genAI. "I wouldn't take that response as meaning that law departments are giving their firms license to use generative AI however they like and not without notifying them, and without making sure that they are using the tool properly and in compliance with how the law department wants them to," he said.
ON THE RADAR - Mark P. Gimbel and Jordan S. Joachim of Covington & Burling have stepped in to represent Peloton Interactive, the at-home fitness equipment and interactive media brand, and other defendants in a pending shareholder derivative lawsuit. The suit, filed Sept. 27 in New York Eastern District Court by Bragar Eagel & Squire on behalf of Courtney Cooper and Abdo P. Faissal, accuses the defendants of failing to disclose that the seat posts for certain Peloton bikes were prone to break or otherwise detach during use, rendering bicycles unsafe for users, thus resulting in the likelihood of a recall of millions of bikes. The case, assigned to U.S. District Judge Margo K. Brodie, is 1:23-cv-07193, Cooper et al v. Boone et al. Stay up on the latest state and federal litigation, as well as the latest corporate deals, with Law.com Radar.
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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