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Adobe Stock Visa and Plaid, a fintech solution, called off an acquisition agreement, officially ending the consumer credit giant’s takeover of the data-focused API start-up, according to TechCrunch. The deal — valued at $5.3 billion — was announced a year ago, the article said. The Department of Justice then filed a suit in November to block the deal, arguing that the combination would “eliminate a nascent competitive threat that would likely result in substantial savings and more innovative online debit services for merchants and consumers.” In a press release, Visa said ...

It’s only the seventh day of the new year and one may be forgiven for thinking: ‘OK, that’s enough of 2021, let’s fast-forward to 2022.’ But, we can’t change time and this year is going to be another roller-coaster for sure. In particular it’s going to be a year of stark contrasts in the legal tech and wider commercial legal world. Global Downturn vs Commercial Law Firms Doing Well People outside of the world of commercial law may assume that things are not going well in this part of the economy, that huge firms with thousands of lawyers spread from New York to London to Singap...