Hedge funds have been speculating on lawsuits, a new form of financial engineering that some business interests say encourages wasteful courtroom warfare. Now two top Republican senators—Chuck Grassley of Iowa and John Cornyn of Texas—have a few questions of their own. The lawmakers announced a move to start “examining the impact of third-party litigation financing is having on civil litigation.” Their starting point is not one of enthusiasm.
“Litigation speculation is expanding at an alarming...
Various state and federal statutes exist to protect and compensate employees whose employers retaliate against them after they disclose certain fraudulent practices to the employers or government agencies. These are known as Whistleblower statutes. Employment claims under Whistleblower statutes are a complex and growing area of the law. The number of federal statutes authorizing Whistleblower claims has increased in recent years, and Congress, federal courts and the Department of Labor have all recently...
Censio, a Boston startup that has landed investor funding from Facebook COO Sheryl Sandberg, officially launched Wednesday and announced a partnership with Ohio-based Progressive Insurance.
Led by a team of former executives of Zipcar and LogMeIn, Censio offers a mobile app that acts as a "Fitbit for drivers" and tracks driving habits in order to help drivers stay safe on the road and save money on car insurance.
"Using actual driving behavior to price auto policies allows insurers to be able...
Law firms are going through a massive shift and, must to adjust their cultures and behaviors and align their products and services with the needs of general counsel.
Since the economic crisis seven years ago, the world has recalibrated itself with a “new normal”—in many different ways. In the legal industry, law firms are going through a massive shift and, must to adjust their cultures and behaviors and align their products and services with the needs of general counsel.
This was the overarching...
IBM’s Watson may have won Jeopardy in 2011, but artificial intelligence has taken a bit longer to catch on in the legal world. IBM, however, believes that Watson and similar technologies can revolutionize the legal industry.
Kyla Moran, a member of the IBM Watson Group, talked with Ginevra Saylor, national director of knowledge management at Dentons Canada, at ILTACON 2015 about how cognitive technology will drive transformation of society as we know it. Moran told the full room at Caesar’s...
Riverview Law has acquired New Jersey-based knowledge automation business CliXLEX in what is described as a “multi-million £pound deal” as its plans to develop the use of Artificial Intelligence (AI) in the legal market gather pace. The deal is a major step towards the creation of ‘virtual assistants’ that will improve the quality and speed of lawyers’ and paralegal work while freeing them to focus on key tactical and strategic matters. It follows the partnership Riverview Law entered...
A US District Judge in San Francisco has ruled that a lawsuit brought by Uber drivers may continue as a class action, throwing Uber into an uncertain future as it argues its drivers are not employees of the company.
The lawsuit focuses on whether Uber's arrangement with drivers in California violates the state's labor laws, with drivers in the case arguing that they should be reimbursed for driving expenses and loss of tips. The case could become one of the most high-profile moments in the long-running...