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Overtime rules spark election debate
As Congress reconvenes, a new study suggests that overtime pay rules are a significant concern for voters ahead of the 2024 election. A recent Navigator Research poll revealed that 84% of registered voters believe that “allowing employers to stop paying hourly workers overtime” would harm the country. The proposed changes under Project 2025 could limit…
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Google’s monopoly under fire
In a significant hearing at the U.S. District Court for the District of Columbia, Judge Amit Mehta is poised to address Google’s monopoly power, following findings that its distribution agreements violate federal antitrust laws. Christopher Hockett, an antitrust expert from UC Berkeley, noted: “The assumption behind Judge Mehta’s ruling is the world would be better”…
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Unlocking AI’s potential in law
Despite significant investments in generative artificial intelligence (AI), many legal departments are not seeing the expected returns. Leaders are questioning whether generative AI is truly the transformative force it was claimed to be. A critical issue is the lack of comprehensive reskilling strategies, which is essential for unlocking AI’s full potential. According to the Harvard Business…
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Market share: The key to growth
In a competitive legal market, Frank Lopez, chair at Paul Hastings, emphasized that “the only way to grow demand is to take market share from your competitors at the top.” According to a Bloomberg Law report, Paul Hastings ranks second in lateral partner hiring among the top 50 firms, securing 44 partners, just behind Kirkland & Ellis, which hired 71 partners….
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Big Law intensifies legal battles over PA ballot issues ahead of November election
With the November general election approaching, legal battles over ballot issues in Pennsylvania are intensifying, and large law firms are playing a major role. Both Republicans and Democrats have enlisted the help of Big Law firms to represent them in election disputes. According to Martin Black, a partner at Dechert, election law and voting rights have…
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Top Wall Street law firms defend credit rating agencies in SEC recordkeeping violation charges
At least five major law firms, including Sullivan & Cromwell, Davis Polk & Wardwell, Bracewell, Milbank, and Meeks, Butera & Israel, were enlisted to defend credit rating agencies charged by the SEC for significant recordkeeping failures. The agencies, including Moody’s, S&P Global Ratings, and Fitch, agreed to pay over $45m in combined civil penalties, with Moody’s and S&P each paying…
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