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Features

Privacy Is Top Priority But Spending Will Decrease, Survey Says Image

Privacy Is Top Priority But Spending Will Decrease, Survey Says

Frank Ready

Exterro's Annual Study of Legal Spend Management indicates that organizations are expecting to spend less on compliance with privacy laws in 2020 as they wait to see how new regulations like the CCPA are enforced first.

Features

Counsel Concerns: COVID-19's Impact On Sports Lawyers Image

Counsel Concerns: COVID-19's Impact On Sports Lawyers

Patrick Smith

While every industry is dealing with massive upheaval as a result of the COVID-19 pandemic, few are as visible as sports and entertainment. While many who practice in this area anticipate a slowdown in overall legal work, certain pockets of work are being pushed to the forefront, creating demand for the services these attorneys provide.

Features

2019 Was a Record Year for the Am Law 100 But What Will 2020 Hold? Image

2019 Was a Record Year for the Am Law 100 But What Will 2020 Hold?

David Thomas

After a 5% increase in gross revenue and 3% growth in revenue per lawyer, the Am Law 100 were in a good place at the start of 2020. Then a global pandemic started. Now what?

Features

Adopting COVID-19 Cuts, Law Firms Balance Image and Economics Image

Adopting COVID-19 Cuts, Law Firms Balance Image and Economics

Patrick Smith

Firms Are Applying Communications Lessons from the Great Recession As They Deliver Bad News During the Coronavirus Pandemic. Many firms have appeared in recent weeks to be signaling compassion, embracing (relative) transparency and sharing sacrifices across lawyers and staff. That can help make even painful cuts less harmful for a firm's internal morale and outside reputation.

Features

Commercial Lease Requirements During the Pandemic Image

Commercial Lease Requirements During the Pandemic

Terrence Dunn

Can a commercial tenant that is required to be closed during the COVID-19 pandemic be relieved of, or does it have a defense to, the obligation to continue to pay rent? The short answer is possibly yes, but the situation is unprecedented and the answer may have to be determined in litigation.

Features

Supreme Court Rules States Cannot Be Involuntarily Liable for Copyright Infringement Image

Supreme Court Rules States Cannot Be Involuntarily Liable for Copyright Infringement

Shaleen J. Patel

The U.S. Supreme Court has ruled that individual states are free to commit copyright infringement. The Court held that Congress attempted to abrogate states' sovereign immunity in an unconstitutional manner when enacting the Copyright Remedy Clarification Act of 1990 (CRCA).

Features

Bankruptcy Asset Sales During COVID-19 Crisis Image

Bankruptcy Asset Sales During COVID-19 Crisis

Hugh McDonald & Deborah Kovsky-Apap

The COVID-19 pandemic is already leaving its mark on the bankruptcy asset sale landscape. Despite the uncertainty — or even because of it — bankruptcy should still be viewed as a useful tool to effectuate the acquisition of assets. The current situation and anticipated distress across many industries presents opportunities for purchasers to acquire assets on favorable terms.

Features

COVID-19: Cybersecurity and Insurance Coverage Image

COVID-19: Cybersecurity and Insurance Coverage

Peter A. Halprin & Jacquelyn M. Mohr

When cyber attacks succeed, in-house counsel and risk management professionals will look for coverage under their cyber insurance policies. Insurance coverage for such incidents, however, are also present in other policies, and these other policies should not be cast aside.

Features

Pension Plans Changes: Will Retiring Partners Shoulder the Risk? Image

Pension Plans Changes: Will Retiring Partners Shoulder the Risk?

Dylan Jackson

For some firms in the Great Recession, reduced revenues combined with the overwhelming pressure from multimillion-dollar pension liabilities — a holdover from the days when pensions were simply a promise firms made to retiring partners — were too much to bear. But with the Great Recession now a decade in the past and another recession brewing, has the industry learned from its mistakes?

Features

TRO Bid in Arts Case Results in COVID-19 Rebuke from Judge Image

TRO Bid in Arts Case Results in COVID-19 Rebuke from Judge

Jenna Greene

At this moment in COVID-19 time, if your case involved stopping the sale of counterfeit unicorn products on the Internet, sorry, that wouldn't be an emergency. That was the message from U.S. District Judge Steven C. Seeger, in a decision denying a request for a temporary restraining order filed on behalf of Art Ask Agency, the exclusive licensee for the fantasy art of British artist Anne Stokes, who is popular among the Dungeons and Dragons crowd.

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