The Notice: News and Resources for Paralegals, Litigation Support & Docketing Professionals
The Notice
As we move into March, the team at ECFX is eagerly preparing for?Legalweek 2023?in New York from March 20-23. Be sure to stop by?booth 1306?in Rhinelander Hall to see how ECFX brings magic to law firms by automating the processing of electronic court filing (ECF) notices for both Federal and State courts ... and pick yourself up a magic wand while you are there! You can get 30% off registration?here?using the code?1MPECFX30.?Learn more and schedule a meeting with us below.
In other news, 83 American firms are giving support to Covington & Burling in its battle against the Securities and Exchange Commission concerning customer information, Tesla was sued by shareholders who accused the company of overstating the effectiveness and safety of their electric vehicles, and?Filevine?made two major product announcements outlining a broad vision for incorporating AI throughout the company’s products.
And finally, don't forget to register for our upcoming webinar:?Increasing Efficiency with ECFX: Automation of Court Notice Processing. Join panelists?Jason Thomas, Chief Information Officer at?Cole, Scott & Kissane, P.A.?and?Dan O'Day, CEO & Co-Founder at?ECFX, on March 13th for an?International Legal Technology Association (ILTA)?product briefing webinar where they will discuss the benefit Cole Scott & Kissane has experienced after transitioning from manual processes to Intelligent Automation with ECFX Notice to handle the?extraordinarily large volume?of ECF notices they receive. You can register?here
We hope you enjoy this issue of The Notice!
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~The Team at ECFX
Working in Large Law
A total of 83 US law firms are backing Covington & Burling in its fight with the Securities and Exchange Commission over client data.
The firms signed onto an?amicus brief?filed late Tuesday supporting Covington’s stance that attorney-client privilege should block an SEC subpoena. The agency wants a federal court in Washington to force Covington to turn over the names of nearly 300 clients whose information may have been exposed in a 2020 cyberattack that impacted the firm.
The SEC says it needs the information to help an investigation into whether hackers behind the cyberattack engaged in illicit trading. Covington has argued that confidentiality rules and a dearth of evidence of wrongdoing should shield them.?
Firms signing onto the new brief include Kirkland & Ellis, Latham & Watkins, Cravath Swaine & Moore, and DLA Piper, some of the highest-grossing law firms and competitors of the Washington-based Covington.?
“Not only would the SEC breach well-established principles of confidentiality in the service of this fishing expedition, it would turn attorneys into witnesses against their own clients,” they said.
The Ground-breaking Life and Career of Big Law’s First Black Chair
In 1974, a Harvard Law School grad named?John W. Daniels, Jr., returned to his hometown of Milwaukee to join one of the city’s largest law firms, Quarles & Brady. He was the firm’s first Black lawyer in its nearly 100-year history.
Thirty-two years later, in 2006, Daniels became the firm’s leader and is widely-regarded by legal industry observers to be the first Black chair of an Am Law 200 firm.?
In this video, John Daniels reflects on his ground-breaking life and career. From attending a segregated school as a child, to becoming one of the legal industry’s top real estate lawyers and the country’s first Black chair of a major law firm, to being a civic leader focused on providing education and opportunity for young Black men. He talks about the importance of diversity, equity, and inclusion in the legal profession and in society at large.
Watch the video?here
News for 2022
AMC Entertainment Holdings Inc.?will face an April 27 hearing in a lawsuit claiming it circumvented shareholders who were against adding more shares, a Delaware chancery court judge ruled on Monday.
AMC common shares were up by as much as 28% on Monday afternoon, while preferred shares were down around 4%.
Vice Chancellor Morgan Zurn will hear from AMC investors who have accused the movie theater chain and several of its directors of violating state law by creating preferred shares in an attempt to "eviscerate" the voting power of common stockholders who had not supported issuing new shares.
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Shareholders are scheduled to vote on March 14 over whether to convert preferred shares to common shares and authorize AMC to increase its common stock.?
The common shareholders who sued the company on Feb. 20 agreed with the company that the vote can go forward but that AMC will not act to increase shares before the judge rules.
Tesla Inc?and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles' Autopilot and Full Self-Driving technologies.
In a proposed class action filed in San Francisco federal court, shareholders said Tesla defrauded them over four years with false and misleading statements that concealed how its technologies, suspected as a possible cause of multiple fatal crashes, "created a serious risk of accident and injury."
They said Tesla's share price fell several times as the truth became known, including after the National Highway Traffic Safety Administration began investigating the technologies, and reports that the Securities and Exchange Commission was investigating Musk's Autopilot claims.
The share price also fell 5.7% on Feb. 16 after NHTSA forced a?recall?of more than 362,000 Tesla vehicles equipped with Full Self-Driving beta software because they could be unsafe around intersections.?Tesla has said it acquiesced to the recall, though it disagreed with NHTSA's analysis.
Technology and Legal Support
At its?LEX Summit?user conference this week, the law practice management company?Filevine?made two major product announcements, and its CEO outlined a broad vision for incorporating AI throughout the company’s products.
The first of the two product announcements is a feature that uses artificial intelligence to translate client documents and then extract and label data from those documents which can then be used to auto-populate immigration forms.
The second is an accounting integration with Oracle NetSuite that will provide Filevine customers with access to a fully native NetSuite application and that will integrate with other Filevine features and integration partners.
In his keynote opening the conference, Filevine CEO?Ryan Anderson?startled some in the audience when he predicted, “AI will replace lawyers … .”
But then he finished that sentence, “…who fail to adapt with it.”
Filevine’s plan is to build AI throughout its platform, he said.
The legal industry has been slow to adopt new technologies, but AI is now being embraced by many firms as a way to improve efficiency and reduce costs.
One of the most significant ways that AI is impacting law firms is through the use of the legal research tools provided by platforms like?Trellis,?LexisNexis, and?Westlaw. These tools use natural language processing and machine learning to quickly search through vast amounts of legal data, including case law, local statutes, and court filings. This not only saves time, but also helps lawyers to make more informed decisions, as attorneys can quickly and accurately highlight the legal issues, anomalies, and inconsistencies that might emerge over the litigation process.
As AI technology continues to evolve, we can expect to see even more ways in which it will be used to improve the legal process, and benefit clients and firms alike.
Read the full article?here
Upcoming Events:
Stop by Booth 1306 at?Legalweek 2023?to see how ECFX can bring magic to your firm!
You can Register?Here?or?Schedule a Meeting?with us