RBI's Monetary Policy, Guidelines for AI, Reduce Outside Counsel Costs and more

Stay Informed, Stay Ahead

Hey Legal Scroll Family,

Welcome to the latest issue of the Legal Scroll, your dose of legal awesomeness for the week.

Legal circles were still buzzing about the Fake and Bogus cases generated by AI in a legal brief and discussing how to regulate AI but the biggest news this week was of the RBI’s monetary policy with the RBI vowing to keep price stability and decided to keep the benchmark lending rates unchanged for the second straight time.

In this edition of our newsletter, we have brought some very interesting reads like Arbitrating in multi-jurisdictional disputes, reducing outside counsel costs, how law firms can stay competitive using tech. On a lighter note we came across a report on a cat which was hired by a law firm and a series of images where AI reimagined various animals as lawyers.

Check out the “In this Email” section below to see what all news updates and legal blogs have made it to this issue of our newsletter.

For all the news subscribers, welcome! We scourge the net and compile some of the most interesting updates from the legal sector in India this week to provide you with a one stop resource which includes deals, transactions, job switches and appointments, legal jobs, legal tech and more to stay informed and stay ahead of your competition.

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In this Email

• News and Updates: RBI Monetary Policy, NASSCOM's guidelines for AI, Sequoia Capital to Split, Stay on BCI's Foreign Law Firm Rules, Another Indian Law Firm ties up with an European firm, Banks can offer NDF Contracts, RBI-SEBI various Guidelines and more

• Law Firm Blogs: Blogs by law firms on topics like Green Shift Report, Vivad se Vishwas II, Effective implementation of the POSH Act, Foreign Investment Review 2023, Guidelines on Default Loss Guarantee and more

• The Inhouse Scroll: Hard-bargaining legal ops can reduce outside counsel costs, Arbitrating in Multi-Jurisdictional Disputes, Building Your Executive Presence In-House

• LS Deals: Tracking some of the major deals/Transactions by law firms this week for companies like Axis Bank, Cube Highways Trust, Standard Chartered Bank and More

• Legal Jobs: Jobs at companies like JP Morgan Chase, Motorola & more

• Scrolling Events: Cyber & Data Security issues in M&A, India's antitrust tryst with Big Tech, How can lawyers incorporate Web3, NFTs, and the Metaverse into their work?, Reporting of Exempted Deposits under the Companies Act 2013

• LS Switch: Lawyer appointments, promotions and moves this week

• Across the Web: Articles from across the web on - How Law Firms Can Invest In Tech To Stay Competitive, A study finds that regulation hurt innovation

• Legal Tech: A GPT-Driven AI Feature to Generate and Inspire Client Emails and Templates, Law Firms Are Far More Vulnerable to Cyberthreats Than They Realize, Survey Finds Law Students Are Reluctant To Use ChatGPT

• That's Interesting: Law firm hires stray cat after people complained about it wandering around the office, Best practice area for having a career abroad, AI reimagines different group of animals as lawyers in a Law firm

• Humour Me Legal: Case books in law school vs cases in actual practice!

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