International Morning Update

Feb 14, 2024

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ALM | Law.com International

Morning Update

A Message From the Editor

Once again the legal industry is asking whether we may soon see an end to the billable hour. This time, however, AI is part of the equation. Meanwhile, Orrick has lost another large team of lawyers in Italy -- the second this week. This latest group, comprised of 15 lawyers, is heading to BonelliErede. Also, we examine whether the "Best Friends" model long enjoyed by Slaughter and May and others still has value.

– Lisa Shuchman, Executive Editor, Law.com International

General Counsel and In House Counsel | Analysis

Will AI Kill Off the Billable Hour Someday?

By Maria Dinzeo

"The people who regulate the profession are the profession. They are judges and members of the bar. So what incentive... Read More

Law Firm Management | Expert Opinion

The Future of Partner Compensation: How Profit-Sharing Systems Shape the Firm's Culture and Success

By Corinne Staves, CM Murray

The likes of Paul Weiss and Linklaters have to decide on a remuneration system that reflects their culture and strategic... Read More

Law Firm Hiring

Orrick Faces Second Major Blow in Italy as 15-Strong Team Joins BonelliErede

By Habiba Cullen-Jafar

The news comes in the same week that a 23-strong team from Orrick joined Hogan Lovells in Italy. Read More

Law Firm Management | Features

US Capability Needed? Slaughter and May's 'Best Friends' are Turning More to Freshfields, Latham Than Slaughters

By Charlotte Johnstone

The best friends are turning more to large firms, including Kirkland & Ellis, as industry commentators suggest that... Read More

Law Firm Management | News

Gavin MacLaren to Lead Australia's Corrs Chambers Westgarth Until 2033

By Christopher Niesche

The extension is a reflection of the firm's success under MacLaren's leadership, Corrs chairman Stephen Price said. Read More

Civil Rights | News

Canadian Judge Says Government Has 'Failed' Canadians by Leaving Dozens of Judicial Vacancies Unfilled

By Gail J. Cohen

A Federal Court judge has called on Prime Minister Justin Trudeau's government to take action to reduce the number of... Read More

Deals and Transactions | News

Latham and Kirkland Lead on Sale of RuneScape Developer to CVC

By Alex D'Elia

Carlyle has agreed to sell video game developer Jagex to CVC Capital Partners and Haveli Investments in a deal worth... Read More

Banking and Finance | News

Clifford Chance Appoints New CFO From Consulting Giants Accenture

By Habiba Cullen-Jafar

The current CFO is set to retire after almost eight years in the role. Read More

Resources

Start, Stop, Keep: Your Guide to In-House Legal Best Practices for an Efficient 2024

Sponsored by: LinkSquares

Harness what is in your control by making some key housekeeping changes to your department’s CLM habits to enhance your legal success in 2024! With these best practices that you can start, stop, or keep doing, you can improve efficiency, manage and support outside spend needs, and stay on top of regulatory and contract compliance. Learn More

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The Value of ALSPs for Optimum Results and Maximum Efficiency in a Dynamic eDiscovery Landscape

Join industry experts as they unravel the evolving significance of ALSPs, moving beyond conventional notions of cost efficiency and scalability. Learn More

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