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Daily Business Review

Residential Real Estate Compensation Changing After $1.8B Verdict and NAR Settlement

These changes are bound to shake up compensation in an industry that, at times, seemed anti-competitive—particularly in high value markets where the commissions grew increasingly large for the same services.
7 minute read

International Edition

Akin Settles On Bishopsgate For Next London Home

The Dallas-founded firm's move is the latest example of US-headquartered firms taking up more space in the UK capital.
3 minute read

Litigation Daily

Litigators of the Week: Plaintiffs Reach a $418M Market-Shifting Settlement With Realtor Group

The National Association of Realtors agreed to changes that could trim the commissions paid to agents as part of the deal reached with co-lead counsel at Ketchmark and McCreight, Boulware Law, Williams Dirks Dameron, Hagens Berman, Cohen Milstein, and Susman Godfrey.
7 minute read

New York Law Journal

Sharply Divided NY Top Court Seizes Property Tax Exemption From Nonprofit Landlord of For-Profit Dialysis Center

The 4-3 vote indicates the panel is far from united on New York City taxation policy,
4 minute read

New Jersey Law Journal

Appellate Division Upholds $4.7M Personal Injury Award to Disabled Woman in Slip-and-Fall Case

The jury returned a $4.7 million molded verdict, which ranked among the 20 largest personal injury awards reported for 2023 by the Law Journal.
3 minute read

New Jersey Law Journal

Appellate Court Deems Lower Court's Discovery Sanction Constituted Abuse of Discretion

"The record shows that the court struck the essential defense of non-liability. Its order is contrary to the fundamental principal underlying sanctions—to compel discovery compliance to ensure cases are decided on their merits," the opinion said.
4 minute read

Daily Business Review

Buyer Beware: Don't Get Caught Holding a Conditional Loan Approval at Closing

With rising interest rates and more stringent lending standards for both residential and commercial properties, security deposit disputes caused by buyers' inability to satisfy pre-closing purchase-financing conditions are also increasing.
3 minute read

Corporate Counsel

You May Not Have Heard of This Legal Chief, but His Chart-Topping Comp Far Exceeds That of Many You Have

Edward Nekritz, who is in the warehousing business, placed 11th on last year's list of highest-paid legal chiefs, surrounded by legal chiefs in far flashier fields such as tech, media and finance.
2 minute read

The American Lawyer

US Firms With Expiring Leases Were Much More Likely to Relocate in 2023 Than Stay Put

Law firm leasing activity hit a square-footage record in 2023, with eight of the 10 largest leases in New York, according to a new report from Cushman & Wakefield.
3 minute read

New York Law Journal

NY Attorney General Questions Trump Assertion He Can't Secure Bond

"As far as the court can infer, sureties may have refused to accept defendants' specific holdings as collateral because using Mr. Trump's real estate will generally need 'a property appraisal' and his holdings are not nearly as valuable as defendants claim," wrote Senior Assistant Solicitor General Dennis Fan.
3 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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