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Pennsylvania Bar Issues Opinion On Ethical Use of AI
The rise of generative artificial intelligence (AI) in the legal field marks a significant shift that is set to reshape how legal professionals work. While it won't make lawyers obsolete, it is already revolutionizing certain aspects of the legal practice, especially by automating tasks typically handled by legal assistants. Moreover, it holds the potential to overhaul even more complex tasks. The legal industry will inevitably evolve, whether lawyers choose to adapt or not.
Ethical dilemmas have surfaced alongside these technological advancements. Sometimes, these issues stem from negligence or a lack of familiarity with the technology. Instances include lawyers submitting documents with erroneous references, known as AI-generated hallucinations, or over-relying on AI-generated content without proper verification. And this is just the start.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Supreme Court Rules Rejection of Trademark License Does Not Rescind Rights of Licensee
Mission Product Holdings, Inc. v. Tempnology, LLC The question is whether a debtor's rejection of its agreement granting a license "terminates rights of the licensee that would survive the licensor's breach under applicable nonbankruptcy law."