Legal news and trends for Canadian in-house counsel and c-suite executives
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www.canadianlawyermag.com/inhouse 7 NEWS BRIEFS CBA announces Vivene Salmon as president Vivene Salmon has been named presi- dent of the Canadian Bar Association. As vice president, compliance at Bank of America Merrill Lynch in Toronto, Salmon is only the second president from the in-house counsel community to serve at the 123-year-old association — and the first president of colour. One of Salmon's goals during her one-year tenure as president will be to improve communication between different generations in the legal profession through a podcast series, set to debut in November, called Conversations with the President. Supreme Court of Canada considers litigation funding Canada's highest court will soon have an opportunity to clarify the law on litigation funding after agreeing to hear an appeal in a case funded by Bentham IMF Canada involving a lawsuit against Callidus Capital Corporation. For the first time, the SCC will consider if and how an insolvency court can approve a litigation funding arrangement. The hearing, which is expected to be argued in early 2020, is likely to bring litigation finance to the attention of law firms and legal departments in Canada. Law firms pledge $5 million for industry diversity Five major law firms will work together with general counsel to drive change in the legal profession. Orrick Herrington & Sutcliffe LLP, Goodwin Procter LLP, Eversheds Sutherland and Stoel Rives LLP have already joined together in the Move the Needle coalition and are inviting applications for a fifth partner. Each of the firms will contribute at least At Pallett Valo LLP we give you what you need, not what you don't. With our flexibility and the right expertise in a variety of business law areas, we provide you with a legal solution that is tailored to suit you – all without compromising service or quality. If you want legal representation that's just the right fit for you, try on our Right-sized Thinking®. 2019-20 TOP 10 O N TA R I O R E G I O N A L F I R M The Right Fit Matters Right-sized Thinking® • 1-800-323-3781 • pallettvalo.com Your Authority For: Business Law • Commercial Litigation • Commercial Real Estate Construction • Insolvency & Corporate Restructuring Employment & Labour • Wills, Estates & Trusts under the legislation for the first time, meaning that regulated entities dealing in these currencies will be considered money services businesses and will be required to keep records and file reports to adhere to the new compliance policy.