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Elon Musk Adds $6 Billion And A Brand New Lawyer To New AI Venture xAI

Headlining, Law Firms, Lawyers / May 29, 2024

xAI’s New Legal Chief Ben Boman, LawFuel contributing editor and special writer Elon Musk’s ambitious artificial intelligence venture, xAI Corp., touted as a competitor to Open AI’s ChatGPT, has fortified its legal ranks by onboarding Robert Keele as its chief legal officer. The hire coincides with xAI’s recent $6 billion funding round, fueling its aspirations […]

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Big Law Pay Scale A Millionaire Maker or Partnership Breaker?

Headlining, Law Firm Salary Scale / May 27, 2024

The $20 Million Payday Deals Albert Goodwin, LawFuel contributing editor Although ‘lateral’ may mean ‘sideways’, it certainly means ‘UP’ when it comes to lawyer compensation as some of the lateral transfers now occurring among big law firms see the big law pay scale rise to $20 million or more. Heady stuff. The pressure is on

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Who Is Karim Khan KC Who Ordered The Gaza War Arrests?

Headlining, Lawyers, UK Law / May 26, 2024

Is The KC for real, or is he grandstanding? Albert Goodwin, LawFuel correspondent Karim A A Khan KC has appeared to have turned the tables on both the countries that proposed his membership to the Interntionational Criminal Court – the UK and Israel – with the showcase announcement for the issuing of arrest warrants for

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Which Firms Won (and Lost) On The Forbes List of America’s Top 200 Lawyers

Headlining, Lawyers / May 20, 2024

Which Law Firm Rules the Forbes Law Roost? Ben Thomson, LawFuel contributing editor It was only a matter of time before Forbes – the list mavens – would come out with a list of America’s Top lawyers and their list of America’s Top 200 lawyers doesn’t disappoint. It’s a comprehensive effort, as one would expect

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Locke Lord’s Ponzi Headache Complicate Merger

Headlining, US Law / May 15, 2024

Ben Boman, LawFuel contributor Texas-based Locke Lord are in the midst of merger discussions with Troutman Pepper, but the embarrassing issue the firm faces is the Ponzi problems, following the jailing of a former London partner for a £25 million Ponzi fraud and now the $122 million fraud undertaken by a former client of the

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The Rising London Law Pay Rates For Junior Lawyers

Headlining, Law Firms, UK Law / May 14, 2024

London Law NQ Pay Rates The news about Quinn Emanuel’s major pay rise for junior lawyers in London has reignited a salary war – if the ignition was ever required with the rapidly rising London law pay rates in The City. Freshfields has already raised its rates for junior, newly qualified (NQ) salaries to £150,000

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Mothers In Law: 12 Random Mother’s Day Legal Leaders

Best Firms, Headlining, Lawyers / May 11, 2024

The LawFuel Mother’s Day Lawyers List Mother’s Day sees us look at some leading lawyers who are also mothers and have had to address that perceived conflict between being a mother and being a successful lawyer. Many reports and surveys indicate that women lawyers who are also mothers are advancing more slowly than their male

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How A LegalTech Startup Founded By A Nigerian Immigrant Secured Millions

Headlining, Law Firm Technology / May 8, 2024

From Unlikely Friendship to Legal Tech Innovation: Definely’s Journey For lawyers Nnamdi Emelifeonwu (pictured) and Feargus MacDaeid, their journeys converged in an unlikely friendship that sparked an idea to transform how the legal industry works with contracts and documents. Their startup, Definely, has now raised $7 million in a Series A round led by Octopus

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A&O Shearman Stir The Global Legal Scene

Big Law, Headlining / May 2, 2024

The Arrival of The New BigLaw Name On The Block The arrival on the legal scene of A&O Shearman, the merged firms of Allen & Overy and Shearman Sterling, will help reshape the legal landscape, but it will have a particularly significant effect upon the London legal scene. The Magic Circle law firms that have

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Why Are Big Law Firms Using The ‘Black Box’ Pay Model?

Big Law Salary Scale, Headlining / April 30, 2024

Payday Partners In Deep Cover Albert Goodwin, LawFuel contributor It sounds somewhat sinister, but the ‘black box’ pay system for partner remuneration model that is being used by some big law firms is gaining attention and momentum. In an age of transparency – supposedly – the ‘black box’ model requires deep cover and belies the

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