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April 08, 2024 | Corporate Counsel

Meta CLO Blasts FTC Antitrust Suit, Says Agency Shouldn't 'Punish Companies for Innovating'

The tech giant argues that the government is defining the social media market in a "contrived" way that ignores the reality that features offered by its apps are available across the internet.
4 minute read
April 08, 2024 | The American Lawyer

Cooley Poaches O'Melveny Bankruptcy Litigation Co-Chair Amid Rise in Restructuring Disputes

Daniel Shamah has joined Cooley's New York office as a partner.
2 minute read
April 05, 2024 | Law.com

As 'Social Inflation' Helps Fuel 'Nuclear' Verdicts, Insurers Address 'Legal System Abuse'

In this week's Legal Speak episode, James Whittle with the American Property Casualty Insurance Association dives into the impact of what the organization has dubbed "legal system abuse" as social inflation—the belief that large corporations are "bad actors with deep pockets"—helps fuel "nuclear" verdicts.
1 minute read
April 05, 2024 | The Recorder

State Regulators Discuss Their Data Privacy Enforcement Strategies

Michael Macko, deputy director of enforcement at the California Consumer Privacy Act, noted that the agency is specifically looking into businesses that fail to honor consumers' opt-out requests without consumer verification and those that sell personal information without proper opt-out notices.
6 minute read
April 05, 2024 | The American Lawyer

Spencer Fane Notches 16.5% Topline Growth as Firm Seeks Out More Markets

Lateral partners are paid the same as they would be if they were in the equity tier, so they're not serving as "de facto leverage" for the existing equity partners, noted the firm's leader.
4 minute read
April 05, 2024 | National Law Journal

'It's Just Really Frustrating': Microsoft IP Contract Dispute Removed to Federal Court on Eve of Pretrial Conference

"I think [Microsoft is] trying to avoid a trial and an adverse ruling on summary judgment," said Mark Walters of Lowe Graham Jones.
4 minute read
April 05, 2024 | National Law Journal

Wilmer Sees Growing Share of Fees From Meta, as Firm's Total Revenue Expands

Law firms may face business risks if a single client's bills make up more than 5% of a firm's total revenue, some consultants suggest, while others say the threshold would have to be much higher.
4 minute read
April 05, 2024 | The Recorder

Manatt Posts Sizeable Gains After a Year of Integration and Countercyclical Opportunities

"When we see an area get soft, we see it as creating openings for us and we try to go countercyclical," Manatt CEO and managing partner Donna Wilson said.
4 minute read
April 05, 2024 | National Law Journal

Biden's Judges Have Made the Judiciary More Diverse. How Are They Shaping the Law?

While it's likely too early to see major swings in the law, the president's appointees' individual opinions on criminal law and qualified immunity show the impact the judges' diverse professional backgrounds have on their jurisprudence.
9 minute read
April 04, 2024 | The Legal Intelligencer

Under Fire, Ozempic Lawyers Add Two 'Team Players' to Proposed Leadership

Plaintiffs lawyers who assembled a proposed leadership team in Ozempic lawsuits fired back at the accusation that they excluded attorneys—then added two more lawyers to their proposed team.
5 minute read

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