L
Law Firm

Law Firm Newswire Expands Press Release Distribution Plan Giving Lawyers Access to The Street and MSN for Less

San Francisco, California – Law Firm Newswire, the press release distribution service catering to law firms, announced today a significant expansion to their Primetime distribution plan. The press release distribution company will now incorporate The Street, and MSN to their Primetime distribution level. This move will offer law firms a more comprehensive network, reaching over 450 websites and other major broadcasting channels at a rate that competes with mainstream press release wires.

Previously, The Street and MSN were only available to law firms that opted for the top-tier LFN Spotlight network. However, this recent shift translates into a saving of $290/release for law firms making the Primetime plan a great way for lawyers to Make the News®.

The Primetime distribution level, with its reach of over 450 sites and networks, already included prominent news outlets such as Google News, Apple News, AP News, Bigger Law Firm Magazine, Digital Journal, and Benzinga, as well as local ABC, CBS, NBC, and Fox affiliates.

In addition to the expansion of the Primetime distribution level, Law Firm Newswire also announced a new addition to its top-level Spotlight distribution plan. Law firms sending news under the LFN Spotlight level will now have their announcement published

…
Read More
I
Law Firm

International firm Bryan Cave Leighton Paisner announces second round of layoffs in under a year

Reuters reported that the legal industry, particularly in the US, has seen a series of layoffs among large firms over the past year, attributed mainly to a softening demand for legal services, especially within transactional practices. Although the pace of publicly confirmed layoffs seemed to have slowed in recent months, the sector remains in a state of flux, as evidenced by the nearly 10 percent workforce reduction at Silicon Valley-based Fenwick & West last month, a move reported by various media outlets.

Despite these industry adjustments, the broader US legal services sector appears resilient, adding 2,700 jobs in February and approaching its all-time employment high from December, per the latest US Labor Department data. This data encompasses various legal workers employed across law firms, companies, and other organizations.

This series of layoffs at BCLP follows the dismissal of 47 business services professionals globally last May. The previous round of layoffs was said to mainly affect secretarial and administrative positions in the US, attributed to “excess capacity following a comprehensive review of support ratios.”

…
Read More
X
Law Firm

Xponential Fitness, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before April 9, 2024 to Discuss Your Rights

NEW YORK, March 22, 2024 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Xponential Fitness, Inc..

Shareholders who purchased shares of XPOF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to take part in any recovery.

CONTACT US HERE:

Xponential Fitness Loss Submission Form

CLASS PERIOD: July 26, 2021 to December 7, 2023

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (a) Xponential had permanently closed at least 30 stores; (b) Xponential’s reported same-store sales (“SSS”) and average unit volume metrics had been misstated by excluding underperforming stores; (c) 8 out of 10 Xponential brands were losing money monthly; (d) over 50% of Xponential studios did not make a positive financial return; (e) over 60% of Xponential’s revenue was one-time and non-recurring; (f) more than 100 of the Company’s franchises were for sale at a price that was at least 75% less than their initial cost; (g) Xponential had misled many of its franchisees into opening franchises by misrepresenting the financial profile and profitability of its

…
Read More
T
Law Firm

The Gross Law Firm Notifies Evolution AB (publ) Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, March 22, 2024 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Evolution AB (publ).

Shareholders who purchased shares of EVVTY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to take part in any recovery.

CONTACT US HERE:

Evolution AB Loss Submission Form

CLASS PERIOD: This lawsuit is on behalf of investors who purchased American Depositary Shares of Evolution AB between February 14, 2019 and October 25, 2023both dates inclusive.

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) in “allowing play” from certain jurisdictions, multiple customers of Evolution AB’s were, or were deemed by regulators to be, unlicensed and/or in breach of the laws of those jurisdictions; and (2) defendants’ statements were false, as they misrepresented the extent of Evolution AB’s involvement with regulatory noncompliant customers. When the true details entered the market, the lawsuit claims that investors suffered damages.

DEADLINE: March 25, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/evolution-ab-loss-submission-form/?id=72080&from=4

NEXT STEPS FOR SHAREHOLDERS:

…
Read More
I
Law Firm

Innodata Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before April 22, 2024 to Discuss Your Rights

NEW YORK, March 22, 2024 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Innodata Inc..

Shareholders who purchased shares of INOD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to take part in any recovery.

CONTACT US HERE:

Innodata Loss Submission Form

CLASS PERIOD: May 9, 2019 to February 14, 2024

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Innodata does not have a viable AI technology; (2) its Goldengate AI platform, the centerpiece of Innodata’s reported AI technology, is a rudimentary software developed by just a handful of employees; (3) it was not going to utilize AI to any significant degree for new Silicon Valley contracts; (4) it was not investing effectively in research and development for AI; and (5) based on the foregoing, defendants lacked a reasonable basis for their positive statements about Innodata’s AI business and development and related financial results, growth, and prospects.

DEADLINE: April 22, 2024 Shareholders should not delay in registering for this class action. Register your information here:

…
Read More
C
Law Firm

Class Action Filed Against New York Community Bancorp, Inc. (NYCB) – April 8, 2024 Deadline to Join

NEW YORK, March 22, 2024 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of New York Community Bancorp, Inc..

Shareholders who purchased shares of NYCB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to take part in any recovery.

CONTACT US HERE:

New York Community Bancorp Loss Submission Form

CLASS PERIOD: March 1, 2023 to February 5, 2024

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing higher net charge-offs and deterioration in its office portfolio; (2) as a result, NYCB was reasonably likely to incur higher loan losses; (3) as a result of the foregoing and NYCB’s status as Category IV bank, the Company was reasonably likely to increase its allowance for credit losses; (4) the Company’s financial results would be adversely affected; (5) to preserve capital, the Company would reduce quarterly common dividend to $0.05 per common share; and (6) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked

…
Read More
R
Law Firm

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Lantronix, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action

NEW YORK, March 22, 2024 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lantronix, Inc. (NASDAQ: LTRX) between May 11, 2023 and February 8, 2024both dates inclusive (the “Class Period”), of the importance April 23, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Lantronix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Lantronix class action, go to https://rosenlegal.com/submit-form/?case_id=22783 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 23, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen

…
Read More
C
Law Firm

City Law Society training chief urges law firms to support trainees struggling with SQE

Clifford Chance revoked TC offers while Macfarlanes has ‘pass first time’ policy


In the same week that Clifford Chance revoked training contract offers of students who didn’t pass the SQE at the first attempt, the chair of the City of London Law Society’s training committee has repeated his call for law firms to adopt a more supportive approach towards aspiring lawyers sitting the “extremely challenging” exam.

“I’d urge all law firms to engage with their future talent who need to take their first attempt at SQE1.” Patrick McCann told Legal Cheek. “SQE1 is an extremely challenging assessment, testing against NQ knowledge criteria (with most sponsored students undergoing the assessment more than two years before solicitor qualification), with a pass rate only just above 50%, very significantly below the pass rates for LPC, which SQE replaces.”

Earlier this week Legal Cheek exclusively revealed that Clifford Chance terminated the training contract offering of around four future trainees who recently failed to pass SQE1 on the first attempt. Macfarlanes also has a similar ‘must pass first time’ rule, but it is understood that it is yet to make any final decisions regarding the future of trainees who failed.

SQE Employability: Discover how
…
Read More
A
Law Firm

About | Mid-Market Pros

Law.com Pro Mid-Market provides actionable information for mid-size law firm leadership focused on formulating and executing strategic priorities for their firms in a highly competitive environment.

Request Access

Already have a subscription? Sign in now

Membership Details

  • EXECUTIVE BRIEFING

    Unrivaled insights from journalists who have built strong local relationships with key movers and shakers within your region, using their connections to provide recommendations on how to translate opportunities into growth for your practice.

  • MONTHLY PRO WEBCASTS

    Editorial and Analyst driven interactive discussions that provide a smart take on trends, what to make of key developments, and clear recommendations on how to translate into growth for the practice and business of law.

  • MARKET REPORTS

    Connect the dots with exclusive insights from unrivaled data and industry analysis that help you define your next strategic steps and measure your success.

  • ASK A MID-MARKET PRO

    Ask our expert journalists and leading industry analysts your legal industry and business of law questions.

…
Read More
I
Law Firm

Investors in B. Riley Financial, Inc. Should Contact The Gross Law Firm Before March 25, 2024 to Discuss Your Rights – RILY

Investors in B. Riley Financial, Inc. Should Contact The Gross Law Firm Before March 25, 2024 to Discuss Your Rights – RILY

Investors in B. Riley Financial, Inc. Should Contact The Gross Law Firm Before March 25, 2024 to Discuss Your Rights – RILY

PR Newswire

NEW YORK, March 22, 2024

NEW YORK, March 22, 2024 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of B. Riley Financial, Inc..

The Gross Law Firm (PRNewsfoto/The Gross Law Firm)

Shareholders who purchased shares of RILY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to take part in any recovery.

CONTACT US HERE:

B. Riley Loss Submission Form

CLASS PERIOD: February 28, 2022 to November 9, 2023

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Brian Kahn, a client of the Company, had been credibly implicated in a conspiracy to defraud investors of millions of dollars; (2) in spite of this involvement, B. Riley continued to finance the transaction enabling Kahn and others to take Franchise Group, Inc. private through complex arrangements; (3) the foregoing was possibly likely

…
Read More