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Law firms will need to adjust staffing and billing approaches to thrive in what has become a buyer’s market for legal services, according a new report analyzing the state of client demand, firm finances and shifts in the legal market since 2009.

US Supreme Court warns against AI use within the legal system. Top concerns include false claims driven by AI hallucinations, biased data sets, and potential violations of confidentiality.

Kirkland & Ellis – top M&A legal adviser during Q1–Q3 2023. Kirkland & Ellis led value and volume tables in the oil and gas sector by advising on 40 deals worth $55.5bn.

Michael Cohen, the former lawyer for Donald Trump, admitted to citing fake, AI-generated court cases in a legal document that wound up in front of a federal judge, as reported earlier by The New York Times.

Top New York law firms including Cravath, Swaine & Moore and Milbank have raised salaries for senior associates by as much as $20,000 in recent weeks and handed out year-end bonuses worth between $15,000 and $115,000.

Millions of articles from The New York Times were used to train chatbots that now compete with it, the lawsuit said.

Apple will stop selling the latest versions of its smartwatch in the US due to a patent dispute, taking some of its best-selling devices off the market during the busy holiday season.

Linklaters has been awarded IJInvestor’s 2023 Latin America Oil and Gas M&A Deal of the Year for the firm’s work advising Fluxys SA, a leading Belgian energy infrastructure company, on its joint acquisition with institutional investor EIG Global Energy Partners, of an 80% equity stake in GNL Quintero S.A. from Enagas Chile SpA and affiliates of OMERS Infrastructure.

You might not be familiar with the name Tomorro, but it is actually not a new startup. Tomorro is a French contract management platform that originally started as Leeway. And today, the company is announcing its new brand and an $11.9 million funding round (€11 million).