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Big Law Leverages Buyers Position to Influence AI Development to Suit Their Needs
Based on all the recent hires of data scientists and machine learning engineers in Big Law in the last month, you might think the largest law firms fancy themselves software engineers, but you'd only be half right. In the AI edition of the classic "build versus buy" dilemma, some marquee firms have opted to leverage their position as the largest buyers of legal tech to influence vendor development of AI-powered services to suit their needs.
To bridge the language barrier between lawyers and technologists, global firms have spent the first half of the year stocking up on data scientists and machine learning engineers, often with legal backgrounds. In May alone, Latham & Watkins, Cleary Gottlieb Steen & Hamilton, DLA Piper and Reed Smith have hired technology specialists to newly created roles. Meanwhile, Morgan, Lewis & Bockius is looking to hire directors of AI and of innovation amid a partnership with Thomson Reuters.
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The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
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Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.