Credit: pinkrabbit/Adobe StockAI and the Evolution of Legal Talent Functions
Law firms that are at the forefront of evaluating and deploying new technologies can demand certain requirements before rewarding their business to the providers who measure up. This would ensure products meet high legal and ethical standards, while still delivering on the promise of their potential.
December 20, 2024 at 10:00 AM
6 minute read
According to a recent McKinsey survey, AI adoption took a huge step forward in 2024 with 72% of organizations reporting implementation in at least one business function. For the six years prior, that statistic was relatively stagnant at around 50%.
New technologies are the catalyst for unprecedented business transformation. By harnessing the power of innovation, companies can streamline operations, enhance customer experiences, advance major initiatives, and develop groundbreaking products and services. This rapid evolution not only drives growth, but also creates new opportunities for competitive differentiation and market leadership.
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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.
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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.
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