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June 06, 2024 | National Law Journal

Justices Stick Estate With High Tax Bill Over Life Insurance Policy

The U.S. Supreme Court's decision "upsets the assumptions of many practitioners that the proceeds of life insurance used to redeem a deceased shareholder are not factored into the estate tax calculation," said tax attorney Joel Carpenter.
4 minute read
June 05, 2024 | The American Lawyer

Willkie Farr Elevates Partner to Latin America Practice Chair

Brazilian Anna Martini Pereira takes over from Maria-Leticia Ossa Daza, who departed to launch a Latin America practice at Paul Weiss. 
2 minute read
June 05, 2024 | The American Lawyer

Linklaters Halts Plans to Withhold Distributions to Departing Partners

The decision is part of wider suite of changes to how the firm rewards departing partners and will see it stop paying sums it handed partners who depart the firm after more than 20 years' service.
2 minute read
June 04, 2024 | Law.com

Letter From Asia: The Americans Are Leaving China in Droves, but Will It Level the Playing Field?

The risks inherent to running a legal business in China now far outweigh China's appeal. But over the past 18 months, no U.K. law firms have exited China, nor have they closed any offices on the mainland.
5 minute read
June 04, 2024 | Law.com

The Americans Are Leaving China in Droves, but Will It Level the Playing Field?

The risks inherent to running a legal business in China now far outweigh China's appeal. But over the past 18 months, no U.K. law firms have exited China, nor have they closed any offices on the mainland.
5 minute read
June 03, 2024 | New York Law Journal

Clone Discovery Must Meet Relevance, Proportionality, Particularity Requirements 

Despite the ubiquity of requests for clone discovery, few cases confront their complexity and analyze the issues involved. But in 'United States v. Anthem', the court explored the various challenges presented in clone discovery and ultimately offered a middle-ground approach that balances the burdens and benefits of sharing such data.
8 minute read
May 31, 2024 | New York Law Journal

Attorneys 'On the Move': Paul, Weiss Hires M&A Partner From Kirkland; Davis+Gilbert Adds Veteran Tax Attorney

And other announcements of recent hirings and promotions of New York attorneys.
5 minute read
May 29, 2024 | Legaltech News

The Real Issue Beyond the Stanford Study's Gaffes: Where Are Legal Tech's Benchmarks?

Stanford's study assessing gen AI-powered legal research tools received pushback from the industry for flawed methodology. But the real issue may lie within the lack of transparency from legal tech providers into how exactly their tools work.
9 minute read
May 28, 2024 | The American Lawyer

Is There a Maximum Number in This Salary Race?

What we need, writes the Global Lawyer, is a market peak: a Usain Bolt of the legal world that sets a junior lawyer pay rate so far ahead that no one can beat it, but AI might make the problem worse.
6 minute read
May 28, 2024 | New York Law Journal

Differences Between Leases and Licenses of Real Property

Parties entering into an agreement for the use of real property should consider whether they intend to create a lease or a license because the nature of the arrangement may significantly affect the rights and remedies of the partiest,
9 minute read

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