COVID-19 Hasn't Slowed Down Plans to Innovate Legal Departments but Old Hurdles Remain
"The general counsel can say here is a plan to tackle that. It requires a bit of an investment, but the return on investment will be that the average time from shaking hands on a deal from inking the contract will be reduced by a month," said Jonathan Brayne, a partner at Allen & Overy in London.
October 06, 2020 at 05:21 PM
3 minute read
COVID-19 has not stopped in-house leaders from wanting to create systemic or incremental changes to their legal department, according to Allen & Overy's 2020 Legal Innovation Benchmarking Report published Monday.
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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.
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