5 Ways the Pandemic Economy Is—And Isn't—Impacting Legal Tech
The legal tech industry isn't immune to many of the pandemic-spurred market disruptions making their way across their economy. But not all areas of legal tech are vulnerable.
November 30, 2021 at 10:30 AM
1 minute read
Legal Technology
If the legal tech sector thought that market-wide disruptions were of a thing yesteryear, 2021 was a rude awakening. While many in the legal tech industry didn't have to contend with many COVID-19-related shutdowns or the initial shock of a global pandemic this year, they still faced a host of disruptions. Those manifested in a variety of ways, from a tighter job market posing challenges to the industry's future, to higher expenses forcing many to readjust their budgets and hope for the best. Above, we look at four ways the pandemic economy has impacted the legal tech market—and one way it still hasn't.
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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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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.
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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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