If You’re a New Law Firm Leader, Avoid Making These Mistakes

New law firm leaders often tell me they operate in a bewildering environment where little is certain, the tempo is fast, and the dynamics are far more complex. They worry it’s impossible to stay on top of all the things they need to know to do their job. Some quietly admit that they “feel overwhelmed.”

I’ve learned that new law firm leaders need to navigate their way through the transition and avoid some common missteps in their earliest days in the role. Here are some that pop up again and again.

Thinking this appointment is about you when it’s all

Maine and Iowa Enact Job-Specific Limitations on Noncompetites

The two states recently have enacted restrictions on noncompete agreements being used in certain professions.

In Maine, on June 1, 2023, the Governor signed into law LD 688/HP 457, entitled “An Act to Protect Access to Veterinary Care by Prohibiting Noncompete Agreements.” The act amends Maine Revised Statute title 26, § 599-A, which already prohibits an employer from entering into a noncompete with an employee if the employee is earning wages at or below 400% of the federal poverty level. The new amendment expands the noncompete ban to licensed Maine veterinarians, with a carve out for those with an ownership …

TOP RANKED ROSEN LAW FIRM Encourages Alliance Data Systems

NEW YORK, May 14, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Loyalty Ventures Inc. (NASDAQ: LYLT) (OTC: LYLTQ) between November 8, 2021 and June 7, 2022, both dates inclusive (the “Class Period”), of the important June 26, 2023 lead plaintiff deadline. Loyalty Ventures was created as a result of a November 2021 spinoff from Alliance Data Systems Corporation n/k/a Bread Financial Holdings, Inc., the defendant company in this case. A class action lawsuit has already been filed.

SO WHAT: If you purchased Loyalty Ventures common stock during

Trade Secrets Litigation: 2023 Update

Thomson Reuters Practical Law has released the 2023 update to “Trade Secrets Litigation,” co-authored by our colleague Peter A. Steinmeyer.

Following is an excerpt (see below to download the full article in PDF format):

Trade secrets are often an employer’s most valuable assets. When an employee or former employee misappropriates an employer’s trade secrets, the employer frequently initiates litigation with several goals in mind, including:

  • Preventing further unauthorized use or disclosure of its trade secrets.
  • Recovering the trade secrets.
  • Obtaining damages.

This Practice Note discusses trade secrets litigation. In particular, it addresses:

  • Preliminary steps to consider, such as sending a