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News
Twitter Lawyers Call Musk's Deal Termination 'Wrongful' - After the tech mogul terminated his $44B deal with the social media platform last Friday, lawyers for the company called the termination 'invalid and wrongful' in a letter to Musk's attorneys signaling the beginning of a legal battle. More here.
Celsius Files for Bankruptcy After Cash Crunch - The crypto lender firm said pausing withdrawals in a bear market was 'difficult but necessary' as it discloses a $1.3B hole its balance sheet according to a court filing. More here.
BigLaw Sees 'End of Cycle' for IPO Work - Companies have halted plans to go public this year, ending a lucrative cycle for law firms handling those deals and stopping a talent war for attorneys with IPO expertise. US IPOs in the first half of the year fell to $14.6B (down more than 90% from the $167B during the same time last year). More here.
BigLaw Moves Into Colorado - After VCs came to the Denver area with tech and life sciences companies, BigLaw has started to come to town with Crowell & Moring opening an office in Denver, and Wilson Sonsini Goodrich & Rosati in Boulder. More here.
Insurance Company Sued for Refusing to Cover $7.5M Bitcoin Ransom Payment - Graff, a UK-based jeweler, has sued The Traveler's Companies. The jeweler had to pay $7.5M in Bitcoin to prevent a group from publishing sensitive customer data, and the insurance group has refused to cover the payment. More here.
93% of Employers Want to See Soft Skills on Resumes - As working conditions shift during this part of the pandemic, more and more employers want to see soft skills listed on candidates' resumes; communication skills, customer service, and scheduling skillsets being among them. More here.
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The U.S. News law school rankings face scrutiny over their methodology and impact on diversity, with significant changes sparking debate among law schools and experts.
Commercial Counsel discuss their best practices for negotiating high-stakes deals in their practice.
Cover letters are key tools for showing a potential employer who you are and why you’d be a good fit for the firm where you want to work. But how can you make yours stand out and give firms an outstanding first impression? Let’s look at a couple of key elements of a great cover letter.
Thirteen members of the European Parliament stated they accidentally voted the wrong way on a key amendment of a new European copyright directive, meaning the most controversial provisions of the directive might have been removed had they not erred.
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.
The First Amendment to the US Consititution prohibits Congress from making any law respecting an establishment of religion, impeding the free exercise of religion, abridging the freedom of speech, infringing on the freedom of the press, interfering with the right to peaceably assemble or prohibiting the petitioning for a governmental redress of grievances.
L-1B classification was initially created by Congress to allow multinational companies to easily transfer employers from foreign operations to intra-company offices in the United States.
In-house legal professionals weigh in on their ideas on making an ATS-friendly legal resume.
Thomson Reuters is selling a majority stake in its legal financial and practice management solutions suite, Elite, to global asset management firm TPG. The deal, valued at $500 million, will enable Elite to operate as a standalone business with a greater focus on accelerating growth and improving law firm finance and accounting operations.
