Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
News
The State Bar of California Board of Trustees on Thursday gave its preliminary blessing to a proposed 'paraprofessional' program that will let trained paraprofessional offer legal advice in limited settings. More here.
Legal Tech breaks VC records - Legal tech companies have already seen more than $1 billion in venture capital investments so far this calendar year, according to Crunchbase data, exceeding the $510 million invested last year and the all-time high of $989 million in 2019. More here.
Law Student Debt - The ABA published a report on the impact of law school debt on 1,300 new lawyers. Of those surveyed, 61% said they would attend law school again if they had the choice. More here.
Wilson Sonsini Automates S1 - The firm has partnered with Workiva to automate the SEC Form S-1 that is used for IPO registration. The app, called WS-1, aims to "substantially reduce inefficiencies involved in preparing the S-1 form" according to the firm. More here.
BigLaw Builds Cannabis Practice Groups - As the number of states decriminalizing use of marijuana rises, BigLaw sets up new programs to traverse the legal limbo. More here.
The LCLD Requires Public Diversity Pledges - The Leadership Council on Legal Diversity announced it will now require its ~350 members to make public pledges with 'specific, measurable actions' on diversity to continue membership within the organization. More here.
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In-house legal professionals share how they vet the culture of a prospective employer.
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Generational priorities reshape law firm culture, according to 2023 Law Firm Culture Survey.
The lawsuit filed by 41 States claims Instagram features are harming kids’ mental health.Â
New York State has banned liquidated damages and clawback provisions designed to protect confidentiality.
Atiba Adams will join Krispy Kreme as Chief Legal Officer on June 25, 2024, bringing over two decades of legal experience from companies like Mars, Pfizer, and Bausch + Lomb.