Legal industry news covering law firms, litigation finance, billing rates, Big Law, and the business of legal services.
The Bar Council of India directed all state councils and legal education centers to implement new digital ethics guidelines for advocates, law students, and interns. Institutions must obtain sworn affidavits from students as compliance, and actively sensitize them rather than just posting the circular online.
This commentary argues that law firm consolidation is accelerating due to AI's transformative impact on the legal industry, using the Hogan Lovells-Cadwalader merger as a case study. It contends that scale is becoming essential for serving global clients and predicts further mergers.
This commentary argues that law firms must rethink how they train junior lawyers as AI automates traditional 'grunt work' and firms grow larger. It contends that while formal training programmes have replaced informal mentoring, firms now need to balance AI-powered simulations with developing human skills like emotional intelligence.
Lawyer Julia Chan I-Fei was charged on Thursday with conspiring to commit forgery in relation to a property purchase by the spouse of Su Yongcan, a suspect in the S$3 billion money laundering case who remains at large. Chan allegedly conspired with a law firm employee to forge a know-your-client form in December 2023.