A newsletter by Reuters and Westlaw |
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| By Diana Novak Jones, Mike Scarcella and Sara Merken |
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KPMG won approval from Arizona's Supreme Court to launch a law firm in the state, making it the first of the Big Four accounting firms to be able to practice law in the U.S., our colleague Sara Merken reports. In a move that could shake up competition in the legal industry, KPMG Law US, an independently-managed subsidiary of KPMG, will work with the accounting firm to provide legal operations consulting, volume contracting and other legal managed services. The Arizona court said the decision "places Arizona's ABS program in the national and global spotlight as a groundbreaking approach to providing legal services." Arizona in 2020 became the first U.S. state to scrap rules barring non-lawyers from having an economic interest in law firms, allowing them to have co-ownership with court approval. |
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President Donald Trump's executive order earlier this month called for a pause on all Foreign Corrupt Practices Act enforcement actions. But Jenna Greene, who has scoured the FCPA dockets, finds that so far there's little public sign prosecutors are changing course in pending cases, including the handful that are scheduled for trial. Here's a look at the situation. |
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"It kind of feels like you've been lined up to be the number one horse at the glue factory."
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—Senator Elizabeth Warren, challenging the ability of Trump's CFPB pick Jonathan McKernan to effectively lead the agency while the administration moves aggressively to curtail it. McKernan said before the Senate Banking Committee that he would "fully and faithfully" enforce consumer financial protection laws. But he maintained the agency had previously operated beyond those responsibilities and needs to be streamlined and made more accountable. Read more from the hearing. |
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- In D.C. federal court, lawyers at Gibson Dunn for the United States Conference of Catholic Bishops will ask U.S. District Judge Trevor McFadden to block the Trump administration's move to suspend funding to a refugee program. The organization said it is now suffering a loss of staff expertise and experience based on the abrupt suspension.
- Chief U.S. District Judge Mark Walker in Tallahassee will consider whether to block Florida from enforcing a new law that restricts minors' social media access. The lawsuit was filed by NetChoice and the Computer & Communications Industry Association.
Court calendars are subject to last-minute docket changes.
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- The CFPB dropped a series of enforcement actions against financial services companies accused of wrongdoing under the prior administration, including a major case against Capital One.
- The SEC sought to dismiss its lawsuit against Coinbase, putting an end to a legal battle as the regulator moves to change course under President Donald Trump.
- Apple was sued by consumers in federal court in California who said its claim that three versions of Apple Watches are "carbon neutral" and environmentally friendly is false and misleading.
- U.S. District Judge Lewis Kaplan in Manhattan dismissed a lawsuit accusing Norfolk Southern of causing hundreds of millions of dollars in losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine, Ohio, of a train carrying hazardous chemicals.
- Netflix and Warner Bros. Discovery's new basketball comedy series "Running Point" had its premiere after a judge in California declined to halt its release over trademark allegations brought by Pepperdine University.
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- Arnold & Porter added partners Brent Ray and Abby Parsons in its IP practice in Chicago and Houston from King & Spalding. (Arnold & Porter)
- Dentons hired insurance litigation partners Aidan McCormack and Mark Deckman in New York from DLA Piper. (Dentons)
- Girard Sharp added partner Sarah London to its torts practice from Lieff Cabraser, where she led the fertility practice. (Girard Sharp)
- Perkins Coie picked up three M&A and private equity partners from Greenberg Traurig: Kyle Fox in Austin and Richard Dusenbury and John-Paul Haskins in Dallas. (Perkins Coie)
- Sparacino hired Raj Parekh, who previously served as the Acting U.S. Attorney for the Eastern District of Virginia, as a D.C.-based partner and leader of a new EDVA national security practice. (Sparacino)
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The legal industry stands at a pivotal moment in generative artificial intelligence technologies that calls for thoughtful adoption, robust training and careful measurement of these tools' impact on legal work, write Gino Guarnere and Sarah Hirebet of Stradley Ronon. Read today's Attorney Analysis. |
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