S1 EP31: Big Law Revenue, AI Risks and Legal Etiquette
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S1 EP31: Big Law Revenue, AI Risks and Legal Etiquette
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In this episode of "The Legal Loop," we explore the latest legal headlines. Hogan Lovells nears a $3 billion revenue milestone, while Clifford Chance reports an 80% trainee retention rate, signaling strong competition in the legal market. Meanwhile, the legal super-regulator's chair steps down unexpectedly, raising questions about future leadership.
We also cover the Ministry of Justice’s call for public feedback on private prosecution reforms and a High Court ruling reinstating a negligence claim against a family law firm. On the international front, BHP denies liability in Brazil’s Fundão Dam collapse trial, a case involving over 600,000 claimants.
Technology in law is also under scrutiny, as a barrister warns about the risks of litigants-in-person using AI tools like ChatGPT for legal advice. And in a lighter moment, email etiquette is in the spotlight after a junior lawyer faced backlash for addressing a hiring manager by their first name.
Tune in for these stories and more, and don’t forget to subscribe for your weekly legal insights!