WAR IS OVER (IF YOU WANT IT) – As receding demand for legal services and, correspondingly, legal talent shifts the leverage away from job-seekers, the willingness of law firm leaders to accommodate the workplace preferences of candidates is now an open question. Industry observers and firm leaders told Law.com’s Justin Henry that the visible manifestations of the recent “war for bodies” have become rare and reserved for only the most in-demand hires. Firms are becoming less flexible when it comes to remote work and pandemic-era perks like signing bonuses for associates have become unheard of. Meanwhile, year-end bonuses at Am Law 50 firms were muted in 2022 compared to the previous year. But while the pendulum of power has shifted back in favor of law firms, some observers cautioned against the notion that the industry could ever fully revert back to its pre-pandemic state. Now that remote work has been rolled out across the industry, “that’s not going to change,” said Maura McAnney, a Pittsburgh-based recruiter with search firm McAnney Esposito.
FOREIGN CONCEPTS – How U.S. companies invest in certain foreign jurisdictions is about to face potentially “ground-shifting” government intervention, attorneys warn, as governmental interests in screening U.S. outbound investment focus on national security concerns while keeping the U.S. competitive globally. The Treasury and Commerce departments are due to deliver a report to Congress by the end of February, outlining concrete policy guidelines for U.S. outbound investment screenings, with a primary eye toward China. At the same time, President Joe Biden has been working on an executive order, currently under interagency review, that will define requirements for outbound investment screenings. “There is some momentum,” Emily Benson, senior fellow at the Center for Strategic and International Studies, told Law.com’s Christine Schiffner.
ON THE RADAR – Vox Media was sued by FNTV LLC for copyright infringement Tuesday in District of Columbia District Court. The suit arises from the Aug. 2020 arrest of Black Lives Matter activist Derrick Ingram, which drew protests due to the NYPD’s use of facial recognition software. According to the complaint, Vox used a still image from FNTV’s video footage of the arrest for a news article on its website theverge.com without permission. The suit was filed by the Sanders Law Group. Counsel have not yet appeared for the defendant. The case is 1:23-cv-00467, FNTV LLC v. Vox Media LLC. Stay up on the latest deals and litigation with the new Law.com Radar.
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