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News

Our News section offers key stories from the legal world, with an emphasis on training issues. We trawl the legal and mainstream press, and solicit press releases, so we can help you to develop your understanding of the sector with our concise and informative news stories.

News

Your commercial news round-up: Skims, Nvidia, supply chain legislation, economic growth

Kim Kardashian’s company Skims is facing backlash after its £110 advent calendar has received social media scrutiny, with multiple online unboxing videos ridiculing the contents. In other news, Nvidia’s CEO has resigned following reports of two alleged affairs, resulting in a 10% fall in the company’s share price. Meanwhile, statistics show that the UK economy grew in September and the government announced plans for new legislation aimed at addressing human rights risks in large companies’ supply chains.

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Weil partners vote to wind down firm as rivals move to recruit lawyers

Partners at Weil, Gotshal & Manges LLP have overwhelmingly voted to wind down the 95-year-old US law firm, with several international firms already moving to recruit lawyers affected by its closure.

News

A&O Shearman to invest $1.1billion in AI strategy

A&O Shearman has committed $1.1 billion (£816 million) to its AI strategy over the next five years, with lawyers expected to dedicate some of their billable time to developing new AI tools. The investment represents more than 5% of the magic circle firm’s annual revenue.

News

Your commercial news round-up: UK pound, US midterm elections, China, Canva job cuts

The pound has climbed to its highest overall level since the Brexit referendum, as renewed confidence in the UK economy boosts sterling. Meanwhile, Elon Musk’s record spending on Republican candidates has failed to prevent sweeping Democrat gains in the US midterms, MPs have warned that the UK is “dangerously” reliant on China for critical minerals and Canva is restructuring its business in a move affecting 22% of its workforce. Read on for LawCareers.Net’s pick of this week’s top commercial stories.