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Recent Editions
North America
Human Times
The Biden administration has announced that it aims to streamline the complicated process of applying for the highly sought after H-1B visas used to attract high-skilled international talent to work and give immigrants and businesses more certainty when it comes to their applications. The changes will make it easier for employers to fill their openings and keep specialized workers for longer, the Department of Homeland Security (DHS) said. "American businesses rely on the H-1B visa program for the recruitment of highly-skilled talent, benefitting communities across the country. These improvements to the program provide employers with greater flexibility to hire global talent, boost our economic competitiveness, and allow highly skilled workers to continue to advance American innovation,” DHS Secretary Alejandro Mayorkas said.
Full IssueUK
Human Times
Labour MP Lee Barron has led a debate at Westminster Hall for a change in the law to create additional employment protection for people who have been told they have less than six months to live. Barron said a "loophole" meant some employers were able to dismiss workers who were terminally ill. However, responding on behalf of the government, a minister in the Department of Business and Trade said a change was not needed. Justin Madders told the debate that the "flexible approach we currently have is the right one." But Barron, a supporter of the Dying to Work campaign, said calls for change would not go away. He said: "If you have been given a terminal diagnosis, the last thing you should be worrying about is taking your workplace to an employment tribunal. [The debate] is about our values as a society and our values are of compassion and fairness. Those values shouldn't stop at the front door of your workplace."
Full IssueUSA
Education Slice
The recent shooting at Abundant Life Christian School in Milwaukee marks the second school shooting in the Madison area within seven months, contributing to the deadliest year for school shootings in Wisconsin since 1970. According to the K-12 School Shooting Database by David Riedman, there have been 48 school shootings in Wisconsin since 1969, with 26 occurring in the last three years alone. Riedman attributes the rise in incidents to easier access to firearms and unsecured guns, which allow teens to obtain weapons more readily. He emphasizes the importance of educating parents and community members about warning signs, such as an obsession with violence. "It's about existing within an identity and within a subculture," Riedman noted, highlighting the concerning trends among perpetrators of pre-planned school shootings. Meanwhile, police have confirmed that the shooter was contacted by a man in California who was plotting an attack on a government building, according to reports. The 20-year-old man who communicated with the teenager was ordered to relinquish his guns and ammunition on Tuesday within 48 hours under the state's red flag law, citing the individual as a danger to himself and others.
Full IssueUSA
Accountancy Slice
House Republicans’ slimmed-down plan to try to avert a government shutdown was defeated in a hastily called vote Thursday, as several dozen GOP lawmakers joined with Democrats in rejecting the proposal endorsed by President-elect Donald Trump. The package failed by a vote of 174-235 just hours after it was hastily assembled by Republican leaders seeking to comply with Trump's demands. A prior bipartisan deal was scuttled after Trump and the world's richest person Elon Musk came out against it on Wednesday. Government funding is due to expire at midnight, triggering a partial shutdown. Millions of federal and military employees could be hit with paycheck delays, though that depends on how long a shutdown lasts. The IRS says it will furlough more than half of its nearly 90,000 employees if a shutdown happens. National Park Service sites will also be closed. However, entitlements such as Social Security and Medicare have their own funding vehicles that are separate from the appropriations currently in question. The Social Security Administration’s latest contingency plan for a lapse in funding says it will maintain activities “needed to ensure accurate and timely payment of benefits.” Additionally, the U.S. Transportation Security Administration warned that travelers during the busy holiday season could face long lines at airports.
Full IssueScotland
Legal Matters Scotland
John Swinney has been urged to end secret plea deals in Scottish courts, which deny victims true justice. Scottish Tory leader Russell Findlay highlighted the need for victims to be informed and consulted when prosecutors offer plea deals, stating: "That practice can result in very serious charges being watered down or dropped altogether." He cited the case of Keith Rollinson, whose killer received a lesser charge of culpable homicide after a plea deal. Findlay proposed amendments to the Victims, Witnesses and Justice Reform (Scotland) Bill, advocating for victims to have a say in plea deals and to be notified when such deals are made. While Swinney acknowledged the need for justice, he maintained that prosecution and sentencing are independent matters. Findlay also called for victims to have a greater role in the Scottish Sentencing Council, which currently has limited representation for victims' issues.
Full IssueNorth America
Legal Slice
Positive financial results in 2024 are poised to fuel Big Law's investments in generative artificial intelligence (AI) in 2025, with firms eyeing transformative changes in legal services, staffing, and training. According to industry experts, firms that prioritize AI integration will gain a competitive edge, improving client services and attracting top talent. A Citi Hildebrandt report highlighted that less than 1% of firms’ revenue was spent on AI in 2023, but this is expected to rise as firms focus on AI-related staffing, infrastructure, and privacy controls. Challenges include maintaining data security and preparing attorneys for new AI-driven workflows. Training programs will play a pivotal role, ensuring lawyers adhere to principles like consent, confidentiality, and competence while adapting to tools designed for consistency and efficiency. While AI may reduce monotonous tasks, experts assert it will enhance rather than replace legal roles, shifting focus to higher-level work. Law firms are optimistic about AI’s potential to reduce risks, increase productivity, and reshape the business of law in innovative ways.
Full IssueEurope
Risk Channel
The Financial Conduct Authority (FCA) is set to overhaul the complex documentation currently provided to investors, as it seeks to enhance confidence and stimulate investment. Jake Green, global head of financial regulatory at Ashurst, said the initiative represents "the biggest shift from EU (pre-Brexit) retail regulation to date." The FCA's proposal seeks to replace the existing standardised documents with a more flexible system tailored to the UK market, allowing firms greater discretion in how they communicate with clients. Simon Walls, interim executive director of markets at the FCA, said: "High quality product information will give consumers the confidence to invest; increased participation in this market will not only benefit consumers but will also provide capital to drive the economy and boost growth.” The consultation period will conclude in March.
Full IssueNorth America
CFO Slice
U.S. merger and acquisition activity remains on track to accelerate in 2025, despite signals from the Federal Reserve that it may slow the pace of trimming interest rates next year, according to PwC U.S. Deals Clients and Markets Leader Liz Crego. She said that the Fed's comments do not "materially" impact the Big Four firm's recent prediction that M&A activity will speed up next year due to “declining interest rates, large amounts of dry powder, the need for business model reinvention and shifting regulatory priorities.” The projected surge in M&A deals in 2025 comes after a year of “inconsistent recovery” due in part to uncertainty leading up to the November election, according to PwC’s recent analysis. During the first 11 months of 2024, there were 9,780 deals valued collectively at $1.05tn, up slightly from the same period a year earlier. “While caution over the past year was understandable and consistent with similar election cycles, PwC expects the recovery to pick up now that some sources of uncertainty have been resolved,” the report said.
Full Issue