Morning Docket

Morning Docket: 04.04.23

* Report says Biglaw firms are more enthusiastic about merging this year. Shearman's wondering why y'all got to go rubbing salt on it. [Reuters] * Goldman Sachs estimates that AI will replace 44 percent of legal tasks. Nice try, Goldman. You're not getting a 44 percent discount on those bills. [Legaltech News] * The court system is a little closer to keeping judges from magically transforming acquittals into prison time. [Bloomberg Law News] * TIL they tried to impose a salary cap on esports players, but the federal government intervened. Not sure this is the urgent antitrust action we were all waiting for, but you do you. [Law360] * Not entirely surprising, but the financial jitters slowing big deal work have prompted more mid-sized deals and consequently more work for the Am Law second 50. It's good to dominate the wading pool when everyone's scared of the waves. [American Lawyer] * Apparently Gwyneth Paltrow's lawyer is an internet sensation. [Yahoo] * Former aide to the governor of Maryland accused of corruption died in "agent-involved shooting" which is the awkward passive phrasing of "shot by the FBI." Further details about how it came to that aren't out yet. [NPR]

By Above the Law on April 04, 2023 8:56 am

merger Creative innovation success as two open glass light bulbs releasing gears cogs coming together in the shape of upward arrow symbol* Report says Biglaw firms are more enthusiastic about merging this year. Shearman’s wondering why y’all got to go rubbing salt on it. [Reuters]

* Goldman Sachs estimates that AI will replace 44 percent of legal tasks. Nice try, Goldman. You’re not getting a 44 percent discount on those bills. [Legaltech News]

* The court system is a little closer to keeping judges from magically transforming acquittals into prison time. [Bloomberg Law News]

* TIL they tried to impose a salary cap on esports players, but the federal government intervened. Not sure this is the urgent antitrust action we were all waiting for, but you do you. [Law360]

* Not entirely surprising, but the financial jitters slowing big deal work have prompted more mid-sized deals and consequently more work for the Am Law second 50. It’s good to dominate the wading pool when everyone’s scared of the waves. [American Lawyer]

* Apparently Gwyneth Paltrow’s lawyer is an internet sensation. [Yahoo]

* Former aide to the governor of Maryland accused of corruption died in “agent-involved shooting” which is the awkward passive phrasing of “shot by the FBI.” Further details about how it came to that aren’t out yet. [NPR]