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News
Legal Industry Cuts Ties with Russian Clients - Law firms are severing connections with Russian clients and even permanently closing Moscow offices as U.S. and EU sanctions hit blue-chip clients. More here.
Biden Signs Crypto Executive Order - The historic order directs federal agencies to coordinate their approach to regulating the sector, but does not impose any new rules on crypto-holders or exchanges. More here.
BigLaw Talent Battle - Law firms with more than 500 lawyers hired almost 5,000 first-year lawyers in 2020, more than 1,000 more than they brought in from the class of 2013, prompting the question: is there enough legal talent to fill these roles? More here.
State Bar of California Addresses Confidential Data Breach - After having discovered the breach of confidential attorney discipline case, the State Bar announced it is taking urgent action. More here.
DC Circuit Revives Two Suits Seeking Tuition Cuts Due to Remote Learning - A federal appeals court ruled 2-0 this week in favor of allowing students at two universities to pursue lawsuits seeking tuition reductions and fee refunds because of the switch to remote learning. More here.
The Utah Consumer Privacy Act cleared Senate and House, paving the way for Utah to be the 4th state to publish a comprehensive privacy law. EFF called the act "weak" and is asking Governor Cox to veto. More here.
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Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech
The U.S. BOL reported a significant decline in employment for the legal industry in Q1 2024, dropping to the lowest levels since 2017, with overall unemployment rates increasing.
Columbia Law School led the top law schools in placing its Class of 2023 graduates into Big Law firms, with 75.88% of its students securing positions within 10 months of graduation.
On December 6, 2024, the U.S. Court of Appeals upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, mandating ByteDance to divest TikTok U.S. The court deemed ownership a national security risk due to potential Chinese government interference. TikTok’s arguments against the Act’s constitutionality were rejected, affirming the law’s necessity.
The California State Bar has entered a landmark five-year, $8.25 million contract with Kaplan to overhaul its bar examination system, a move designed to bring savings of up to $3.8 million a year.
