Law

Am Law 100 Firms See Impressive Growth in Income Partner Ranks, Pushing Nonequity Partnerships to New Heights

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Law firms in the Am Law 100 are experiencing significant growth in their income partner ranks, with double-digit percentage increases in 2023. According to early reporting on the Am Law 200 financials, several prominent firms saw substantial growth in their nonequity partner tier. Among the firms with the largest percentage gains were Milbank, Gibson Dunn, and Fried Frank. While some of these firms started with lower nonequity numbers, their intentional and targeted growth aims to improve retention within this partner tier. This surge in nonequity partner growth comes after a significant number of law firm … Read more

Owners of Johnson’s Pond Lawsuit Dismissed Over Rhode Island Dam Law

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COVENTRY, R.I. — The lawsuit filed by Soscia Holdings, the owners of Johnson’s Pond, against the state has been dismissed, according to recent reports. The lawsuit was initiated two years ago after the Rhode Island Department of Environmental Management (DEM) began enforcing a law that required dam owners to obtain a permit before adjusting a pond’s water levels. Johnson’s Pond was among the six bodies of water affected by this law. The law, which was signed by Governor Dan McKee last summer, was introduced in response to concerns raised by residents about the pond’s low … Read more

Controversial Florida Law Blocks Social Media Usage for Kids Under 14, Sparking Debate

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TALLAHASSEE, Fla. (AP) — Florida has implemented a new law that prohibits children under the age of 14 from using social media platforms. The legislation, signed by Governor Ron DeSantis, aims to protect minors and safeguard their online experiences. This move comes as part of a broader initiative to regulate social media access for children in the state. The law imposes strict regulations on social media companies, requiring them to implement measures that verify the age of users on their platforms. Failure to comply with the new law could result in hefty fines. Advocates argue … Read more

EU Launches Investigation into Tech Giants Apple, Meta, and Google under Digital-Competition Law

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BRUSSELS, Belgium – Tech giants Apple, Google, and Meta are facing investigations by the European Union (EU) under new digital-competition laws. The EU is examining whether these companies have violated regulations that aim to prevent anti-competitive behavior and safeguard fair competition in the digital market. This move by the EU comes as part of their broader efforts to regulate and control the power of big tech companies. The investigations are centered around concerns that Apple, Google, and Meta may have engaged in anti-competitive practices, giving them an unfair advantage over their competitors. While specific details … Read more