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DOJ Targets Google's Online Ad Business in Monopoly Suit - The accusations state Google is abusing its place in digital advertising using 'anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to its dominance'. More here.
WhatsApp To Appeal €5.5M GDPR Fine - Already in the process of challenging a separate €225M fine imposed by GDPR breaches from 2021, the Meta-owned messaging app has chosen to appeal the charges and fine from the European Data Protection Board last month. More here.
BigTech Layoffs Are Hitting DEI Jobs Hard - Companies that made lofty promises to hire more underrepresented groups are letting go of DEI departments. Listings for DEI roles were down 19% last year - a bigger decline than legal or general HR jobs saw [with only software engineering (24%) and data science (27%) jobs seeing larger declines]. More here.
FTC Announces Size Updates for Transaction Thresholds for Premerger Notification Filings - The revised figures for reporting proposed mergers and acquisitions will adjust from $101M to just over $111M. The FTC will publish the adjusted amounts no later than 01.31. More here.
Supreme Court Asks for Biden Admin Opinion on TX and FL Social Media Laws - The highest court requested the administration take a look at a pair of controversial social media laws in the US states imposed in response to beliefs that social media platforms were censoring their users (particularly conservative viewpoints). More here.
Goodwin Proctor Follows Layoffs With Bonuses + New Partners - The AM Law Top 20 law firm reduced its employees by 5% at the start of the year. After hiring a number of health sciences partners and associates through a group lateral move from Troutman Pepper, the firm has announced some market matching bonuses for associates. More here.
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Budget cuts, expanding roles, and the quest for efficiency are some of the main areas of concern.
Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech
Onit, a provider of legal workflow solutions, has announced the addition of new senior executive leadership team members to drive strategic growth and customer success.
“Xakia makes my job easier with not having to run analyses through spreadsheets. It does it all for me… The detail behind it allows me to justify additional outside counsel spend, show matters that deserve more attention, or highlight legal needs that weren’t present three months ago.” - Justin Bouchard, Associate General Counsel, Calendly
Contract formation is one of the oldest forms of human interaction.
Kraft Heinz and NIKE Appoint New Chief Legal Officers: Corporate legal leadership sees a dynamic shift as Kraft Heinz appoints Angel Shelton Willis as Executive VP and Global General Counsel, while NIKE promotes Rob Leinwand to Chief Legal Officer.
In-house legal professionals talk about how best to navigate changes in salary with the expectations of their job.
The need for high-quality legal counsel has not decreased, but the drop in compensation may make it harder for companies to find and retain the right talent.
The United States and UK have agreed to jointly develop and test AI safety measures, aiming to set global standards for responsible AI use.
