Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
News
Legal tech investment is at an all-time high, with investment at $1.41B in the first half of 2021, while M&A in the sectors hit an all-time high with 87 deals from January to June 2021. More here
Canada Joins Non-Lawyer Legal Service Ownership - Last year, British Columbia launched a regulatory sandbox and now, both BC and Ontario are following in Utah's experimentation with non-lawyer owned law firms. More here.
"Yes, AI Can Be an Inventor" - An Australian court has ruled that artificially intelligent machine can be an inventor. Robert Abbot, a University of Surrey law professor, started putting out patent applications in 17 different countries this year - some of which included a creative neural system dubbed DABUS, as the inventor. More here.
Amazon Fined Nearly $1B - The European Union has hit the famous internet marketplace with an $888M penalty following the company's violations of the GDPR. More here.
Davis Polk Vaccine Mandate - Several BigLaw firms are started to require employees to be vaccinated if they are returning to the office. Davis Polk might have the strictest policy of all; the firm plans to deactivate building ID cards for anyone who doesn't get their vaccination by the end of business Sept. 12. More here.
Lightning Law Technologies Raises $1M Seed Round - the Seattle-based, woman-led remote litigation startup is focused on building an end-to-end platform for remote testimony, mediations and legal proceedings. More here.
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Threads, the new social media platform by Meta, has gained immense popularity since its launch earlier this month.
In-house legal professionals discuss how they balance parenthood with in-house or law firm roles.
Legal Operations professionals talk about how to handle and engage a remote or partially remote team.
The American Bar Association (ABA) confirms a data breach involving 1.5 million member accounts. While the stolen passwords were encrypted, the breach raises concerns over potential abuse of the credentials.
Telegram CEO Pavel Durov’s arrest in France over alleged moderation failures intensifies the global debate on intermediary liability and free speech.
The SEC decision represents a significant vote of confidence from a key regulatory body, potentially boosting investor sentiment and paving the way for further innovation.
Debra Achkire assumes role of general counsel at Lido Advisors LLC
Law firms pledge inclusivity as “21% of the workforce identifies as having a disability, but only 1.4% of lawyers do.”