Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech
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Declining Big Law Demand: A Wells Fargo survey of 66 of the largest US law firms reveals that attorney billable hours have reached a 15-year low, leading to a squeeze on profits and potential layoffs. Despite a 1.5% drop in demand, the number of lawyers increased by nearly 5%.
LexisNexis Announces Launch of AI-based Research and Drafting Tool - Lexis+ AI is in beta form and leverages generative AI to help users of its platform conduct research and draft resulting documents and communication with clients.
FTC Comes For Facebook's Minor Monetization Practices - The FTC is proposing changes to their 2020 privacy order with Facebook after stating the company has failed to fully follow the order, while also misleading and misrepresenting themselves to users.
Legal.io is Headed to CLOC - If you're planning on attending the Las Vegas Legal event, come join Onna and Legal.io in the Presidential Suite at the Bellagio May 16th and 17th.
Sheeran Wins Copyright Suit - The British singer won the suit brought against him by the estate of Marvin Gaye for alleged usage of four chords also used in "Let's Get It On". Sheeran says he was "...unbelievably frustrated that baseless claims like this are allowed to go to court at all".
Former Google AI Pioneer Quits - Geoffrey Hinton helped develop some of the most important techniques at the heart of modern AI. After 10 years at Google, he is stepping down to focus on concerns he has for the future of AI.
Legal Tech is in Disrupt Mode - Anthony C. Johnson opines on the future of the legal industry; touching on alternative business structures, blockchain, and, of course, AI.
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Learn about how to get your company prepared for GDPR and CCPA
The legal industry's approach to associate hiring is seeing a pronounced divergence between large and midsize firms.
A company’s mission statement is its declaration of where it wants to go – that means that all its activities should be geared towards helping it get there. As a Tuareg clansman in the Sahara reads the stars and the sand dunes to help him reach a certain oasis, a company’s spreadsheets and flowcharts should only be tools to enable it to arrive at its destination.
Experienced In-house counsel weigh in on the best advice for those taking their first in-house position.
In an undisclosed deal, e-discovery and legal services provider Consilio is acquiring two UK companies, Lawyers On Demand (LOD) and SYKE, a legal tech consultancy.
Insights on compensation satisfaction from 1,500+ in-house legal professionals, based on Legal.io salary data.
Change Healthcare suffered a devastating ransomware attack earlier this year, forcing it to shut down its systems, leading UnitedHealth Group to pay a $22M ransom.
A look into the legal job market, and how COVID-19 has affected job prospects for individuals seeking work, based on data from The US Bureau of labor statistics, Indeed, LinkedIn, and the Legal.io Community.
The legal profession faces a mental health crisis exacerbated by a issues in BigLaw culture; long hours, intense pressure, and a relentless pursuit of perfection, leading to serious issues like depression, and anxiety among lawyers.