Jon Campisi

Mark McCreary, Fox Rothschild's new chief data and artificial intelligence officer, has been with the firm for 28 years while newly named Chief Information Officer Barry Rozen joined four years ago.

A new Ohio law went into effect on Tuesday that completely bans any foreign investment in third-party litigation funding agreements. The law also contains enhanced disclosure requirements and transparency measures.

A number of associates interviewed by Law.com said they'd noticed the quality of legal AI tools improving over a short span—a counterpoint to Law.com data revealing that many midlevels view technology replacing humans as the biggest threat to their jobs.

In Delaware, the state's Superior Court recently issued an order pertaining to litigation funding agreements, establishing a framework for limited discovery into the existence of funding agreements.

Stephen Lazare, Yale Glazer and Andrew Premisler arrive from Lazare Potter Glazer & Moyle. The fate of that firm, which Lazare founded in 1993, is uncertain.

Considered one of the larger law firm private equity deals to date, the move will enable 30-year-old firm Wood Smith Henning & Berman to obtain the capital needed to invest in newer artificial intelligence technology and infrastructure.

The new team collectively represents commodity merchants, traders and the institutions that finance them across a range of transactions.

Technologists without law degrees can't secure equity when working at a law firm. But some observers say that firms offer more rewarding opportunities to build tech infrastructure from the ground up.

“If AI allows attorneys to complete certain tasks in a fraction of the time they previously required, the question becomes how we compensate lawyers for the value they provide, rather than simply the hours it takes them to provide it," said one Big Law associate.

“Overall, compensation is up, but growth is concentrated at the top,” said Major Lindsey & Africa partner Louis Ramos.