Bloomberg Law News
WEBBloomberg Law News
ANALYSIS: Bloomberg Law 2024—The Legal Industry Looks Ahead
WEBNov 6, 2023 · The Bloomberg Law 2024 series previews the themes and topics that our legal analysts will be watching closely in 2024. Artificial intelligence. ESG. DEI. Supply chain. Labor unions. Reproductive rights. These are just a small sample of topics we heard about regularly in 2023.
The United States Law Week - Bloomberg Law News
WEBA year since a Virginia federal judge nearly tripled patent infringement damages against NortonLifeLock Inc., the antivirus company’s former law firm, Quinn Emanuel Urquhart & Sullivan, argued the penalty “cannot stand” after the firm declined to disclose privileged communications. Investors Craft Counterattacks After Influencer’s Anti ...
By the Numbers: Four Practices to Power Big Law Growth in 2024
WEBJan 3, 2024 · US insolvencies are expected to rise in 2024 by 22% from 2023 levels, according to insurer Allianz Global, putting the post-Covid bankruptcy nadir firmly in the rear-view window. Tighter credit conditions and the possibility of deteriorating economic conditions will drive the acceleration of cases, the insurer said.
ANALYSIS: Lawyer, Legal Employment Close Out 2023 on a Down …
WEBJan 11, 2024 · The fourth quarter of 2023 was unforgiving to the legal field, with broad-based decreases in employment and increases in unemployment. The legal industry’s negative numbers came despite otherwise rosy macroeconomic news on inflation, jobs, and GDP growth.. While the legal field ended 2023 with higher overall employment than when it began (1.88 million versus 1.82 million), the quarterly drop ...
Big Law’s Surprisingly Good Numbers Hint at Possible Great 2024
WEBAug 22, 2024 · Among the top 50 firms in the first half this year, 68% reported demand growth, Gretta Rusanow, head of advisory services for the Citi group, said in an interview. Of that group, 29% reported increases greater than 5%. “It’s going to be a very positive year,” Rusanow said. “There is a lot of good news from an activity standpoint.”.
Business & Practice - Bloomberg Law News
WEBPersonal Data Breached for Nearly 1 Million Medicare Enrollees. Protected health information for nearly 1 million Medicare beneficiaries may have been compromised by a 2023 “security vulnerability” in software used by a Medicare contractor in Wisconsin, the Biden administration reported Friday. NFL Beats Class Action Over Video Info Sharing ...
Legal Ethics - Bloomberg Law News
WEBUS Trustee Seeks Deposition of Ethics Experts in Judge Scandal. Legal ethics experts hired by a law firm at the center of a judicial ethics scandal should be deposed over their advice about a partner’s romantic relationship with a judge, the Justice Department’s bankruptcy monitor said.
Top Law Firms’ Revenue Rose 6% on Higher Rates, Wells Fargo Says
WEBJan 30, 2024 · Reporter. The country’s 100 largest law firms posted revenue growth of 6% in 2023 as higher prices for lawyers’ time and a slight increase in demand more than made up for a broad slowdown in deals, a Wells Fargo & Co. survey found. The average profits per equity partner at the 100 firms increased more than 5% from 2022, Wells Fargo said.
Big Law Warms Up to Litigation Finance as Deals Pot Hits $2.8B
WEBMar 23, 2022 · U.S. litigation funders committed $2.8 billion to new deals in 2021. Share of commitments to Big Law firms rose 46% from prior year. Litigation funding companies in the U.S. committed $2.8 billion toward new deals in 2021, an 11% increase from the prior year, thanks to rising interest from the world’s biggest law firms. The country’s 200 ...