law firms News

Activist Behind Affirmative Action Cases Sues Major Law Firms

A group founded by the conservative activist who led the successful U.S. Supreme Court challenge to the consideration of race in college admissions on Tuesday sued two major U.S. law firms over fellowships they offer to racial minorities and LGBT …

Law Firm Must Name Clients Affected by 2020 Cyberattack, Judge Says

Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in Washington ruled on Monday in a case that could impact future cyberattack …

Booz Allen Pays $377.5 Million to Settle US Civil Probe

Booz Allen Hamilton Holding Corp. said it will pay $377.5 million under a settlement agreement with the US Department of Justice to settle a civil investigation related to its cost accounting. The case is “one of the largest procurement fraud …

Law Firms Are Recruiting More AI Experts as Clients Demand ‘More for Less’

Chatbots, data scientists, software engineers. As clients demand more for less, law firms are hiring growing numbers of staff who’ve studied technology not tort law to try and stand out from their rivals. Law firms are advertising for experts in …

London Law Firms Face Reckoning in 2023 After Big Salary Hikes This Year

London’s biggest law firms paid generously to secure the brightest young recruits they could this year. Meeting those salary pledges next year will be a lot tougher with revenues from deal making expected to slow dramatically. Many of the UK’s …

SME Law Firms in England & Wales May See Rise in Professional Indemnity Rates: Marsh

Some professional indemnity (PI) insurers are applying greater rigor, are being increasingly selective, or are repricing risks, for small and mid-sized law firms in England and Wales, warned Marsh in a market update. As Oct. 1 approaches – the most …

Beazley Launches Enhanced Management, Cyber Liability Policy for Law Firms

Beazley has launched “Beazley Practice Protect,” an enhanced management liability policy for law firms, designed to confront a rapidly evolving market for counsel and legal services. Beazley Practice Protect covers both law firm partners and non-partner officers such as CEOs …

Law Firms See Rise in Malpractice Claim Frequency, Severity

Multi-million dollar payouts for legal malpractice claims are climbing, and so are the total number of claims for law firms, in general. A new study by insurance broker Ames & Gough found that most leading legal malpractice insurers reported more …

Former Dewey & LeBoeuf Lawyers Join DLA Piper Hong Kong Office

The DLA Piper law firm announced that a group of lawyers led by partners Joyce Chan and Heng Loong Cheong will join its Hong Kong office from Dewey & LeBoeuf. The move signals yet another step in the meltdown of …

Who Is Paying News Corp. Legal Bills? – D&O Coverage Heavily Involved

With executives from News Corp. and some of its subsidiaries heading for the exits, legal bills from the phone-hacking scandal rocking the company are no doubt stacking up. But depending on the companies’ directors and officers insurance coverage, News Corp. …