In a recent report by LexisNexis CounselLink, it has been revealed that partner billing rates in the realm of Biglaw have witnessed a remarkable surge within certain practice areas. Notably, in the year 2022, one practice area stood out with the highest percentage increase in partner billing rates. While the overall average partner billable rate …

Biglaw Partner Billing Rates Experience Soaring Surge in Specific Practice Area Read More »

In a significant move to regulate anti-competitive practices by major technology companies, a government-appointed inter-ministerial panel is in the final stages of preparing a draft digital competition law. Sources familiar with the matter have revealed that the high-powered panel, led by the Secretary of the Ministry of Corporate Affairs, is set to give final touches …

Government Panel Finalizing Draft Digital Competition Act, Expected to Present in Parliament by Year-End Read More »

In a bid to preserve the integrity and independence of the judiciary, the Bombay Lawyers Association has filed a public interest litigation (PIL) petition with the Supreme Court of India, seeking a mandatory “cooling-off” period of two years before retired judges can accept political appointments. The petition, which aims to safeguard the democratic principles and …

Lawyers’ Association Petitions Supreme Court for Cooling-Off Period for Retired Judges’ Political Appointments Read More »

A high-powered inter-ministerial panel appointed by the Indian government is nearing completion of a draft digital competition law aimed at regulating anti-competitive practices of major technology companies. Sources familiar with the matter have revealed that the panel, led by the Secretary of the Ministry of Corporate Affairs, is expected to add the finishing touches to …

Government Panel Finalizes Draft Digital Competition Act, Set to Regulate Big Tech Practices Read More »

NEW YORK—In a significant legal victory, prestigious global law firm DLA Piper successfully thwarted a $180 million legal malpractice lawsuit leveled against them by their former client, Link Motion Inc. The case, dismissed by U.S. District Judge Victor Marrero in Manhattan, was deemed untimely due to the expiration of the three-year statute of limitations on …

DLA Piper Emerges Victorious as $180 Million Malpractice Lawsuit Gets Dismissed Read More »

The U.S. Department of Justice has launched an investigation into a California refinery owned by PBF Energy Inc, focusing on a November emissions release that occurred last year. PBF Energy’s Martinez refinery, located on an expansive 860-acre site, was found to have emitted a “powdery substance” consisting of spent catalysts used in the refining process. …

U.S. Justice Department Investigates California Refinery Over Emissions Violation Read More »

A momentous decision unfolded in the Texas House on Saturday as Attorney General Ken Paxton, a prominent conservative figure and close ally of former President Donald Trump, faced impeachment proceedings. Paxton, who has been accused by fellow Republicans of abusing his office, was met with a resounding vote of 121-23 in favor of impeachment, marking …

Texas House Impeaches Attorney General Ken Paxton Over Abuse of Office Allegations Read More »

Mortgage lending in Saudi Arabia, a crucial component of the kingdom’s private sector bank credit, hit a record low in April 2023 due to rising interest rates that have discouraged potential home buyers. According to data released by the Saudi Central Bank (SAMA) on Sunday, residential mortgage loans provided by commercial banks dropped to 4.1 …

Mortgage Lending in Saudi Arabia Plummets as Interest Rate Hikes Deter Buyers Read More »

In the wake of Recep Tayyip Erdogan’s victory in the Turkish presidential election, the United Arab Emirates (UAE) is poised to bolster its trade relations with Ankara. Analysts suggest that Erdogan’s win ensures continuity in planned economic and trade cooperation between the two countries. This development comes after the signing of a Comprehensive Economic Partnership …

UAE Aims to Strengthen Trade Relations with Turkey Following Erdogan’s Victory Read More »

ABU DHABI — In a recent report released by S&P Global Ratings, it is projected that Abu Dhabi’s real GDP growth will experience a significant slowdown in 2023. The city-state, known for its reliance on oil revenues, is expected to face a broadly flat economic performance due to the implementation of production cuts by the …

Abu Dhabi Faces Stagnant Growth in 2023 as Oil Output Cuts Impact Economy: S&P Report Read More »