McDermott Will & Schulte on Wednesday acknowledged it is fielding interest from private equity investors, a development that underscores how some of the legal industry's largest players are considering moving to a nontraditional business model.
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THURSDAY, NOVEMBER 13, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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McDermott Exploring Selling Stake To Private Equity

By Emily Sawicki and Alison Knezevich

McDermott Will & Schulte on Wednesday acknowledged it is fielding interest from private equity investors, a development that underscores how some of the legal industry's largest players are considering moving to a nontraditional business model.

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General Counsel AI Raises $60M Series B At $555M Valuation

By Matt Perez

General Counsel AI Inc., a legal artificial intelligence platform for in-house counsel, announced on Wednesday a $60 million Series B funding round that values the company at $555 million.

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6 Firms Steer $1.8B Self-Driving Truck SPAC Merger

By Jade Martinez-Pogue

Swedish self-driving truck company Einride announced Wednesday it is planning to go public in the U.S. by merging with a special purpose acquisition company, in a $1.8 billion deal guided by six law firms.

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Pork Buyers Fight Bid To Pause Price-Fixing Case For Appeal

By Matthew Perlman

Pork buyers told a Minnesota federal judge not to hit pause on their price-fixing case while Agri Stats Inc. and major producers push the Eighth Circuit to force the judge's recusal over a law clerk's previous work on a related case.

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Former Twitter Exec Can't Pursue State Claims During Appeal

By Patrick Hoff

Twitter's former chief marketing officer can't move forward with the state law claims in her $20 million severance suit while the company asks the Ninth Circuit to kick the allegations to arbitration, a California federal judge ruled, rejecting her argument that the company's appeal is a waste of time.

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Ex-Aerotech Workers Push For Class Cert. In ESOP Suit

By Rae Ann Varona

Former Aerotech Inc. employees who have accused the motion control solutions company of mismanaging its employee stock ownership plan urged a Pennsylvania federal court Wednesday to certify a class of plan beneficiaries and participants, saying they easily satisfied requirements for class certification.

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EXPERT ANALYSIS

SEC Focused On Fraud As Actions Markedly Declined In 2025

The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.

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Defeating Estoppel-Based Claims In Legal Malpractice Actions

State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

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Series

Law School's Missed Lessons: Networking 101

Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

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LEGAL INDUSTRY

Coalition Rips Trump Deputy AG's Claim Of 'War' With Judges

By Rose Krebs

A group of former federal judges on Thursday condemned what they called "inflammatory remarks" last week by Deputy U.S. Attorney General Todd Blanche detailing the U.S. Department of Justice's "war" with "rogue activist" judges.

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Interview

Ex-Judge Worries Top Court Will Be 'Timid' In Checking Trump

By Chris Villani

A Massachusetts federal judge who recently resigned to more openly speak out against the Trump administration told Law360 on Thursday he is concerned the U.S. Supreme Court will be unwilling to provide a constitutional check on presidential overreach.

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Anthropic Judge Rips Opt-Out Law Firm As 'Quick Buck' Ploy

By Bonnie Eslinger

A California federal judge on Thursday blasted Arizona law firm ClaimsHero Holdings LLC for encouraging authors to opt out of Anthropic PBC's $1.5 billion deal to end copyright infringement claims, saying it looks like the firm is "trying to trick people" for a "quick buck."

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Fired Immigration Judges Share Concerns As Cases Pile Up

By Courtney Bublé

Fired immigration judges spoke on Thursday about their "crushing" backlog of cases, a buildup exacerbated by the Trump administration's elimination of their colleagues' positions.

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Judge Halts Jackson Walker Secret Romance Settlements

By Adrian Cruz

A Texas federal judge has paused a number of settlements between Jackson Walker LLP and former clients, criticizing the firm for trying to undermine the U.S. Trustee's investigation into alleged malpractice stemming from a secret romance between a former partner and a bankruptcy judge.

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Judge Casts Doubt On Legitimacy Of Halligan's Appointment

By Jared Foretek

A federal judge in Virginia said Thursday that Attorney General Pam Bondi couldn't have reviewed the full transcript of the grand jury proceedings that netted an indictment of James Comey before ratifying the charges against the former FBI director because the U.S. Department of Justice didn't have them at the time.

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Jenner & Block Resolves $8M Fee Fight With Sierra Leone

By Gina Kim

Jenner & Block LLP and its former client Sierra Leone have resolved their fight over unpaid legal fees and allegedly fraudulent overbilling in the nation's underlying dispute with its iron ore mining concessionaire Gerald International Ltd., according to a minute order issued Thursday in D.C. federal court.

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As Backlogged SEC Reopens, Attys Jostle To 'Get In Line'

By Jessica Corso

Thousands of U.S. Securities and Exchange Commission employees who were sent home last month finally returned to their offices Thursday, and experts say it will likely take at least a month for them to catch up with a backlog of casework and submissions for initial public offerings.

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Rumble Cites Judge's Longtime Friendship With Google VP

By Bryan Koenig

Rumble asked a California federal judge to consider recusal should the Ninth Circuit revive its antitrust lawsuit against Google, citing a yearslong friendship with Google's top in-house litigation chief that involved the judge officiating at her wedding and their ongoing participation in a fantasy football league.

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Pipe Maker Names 2nd Firm In Asbestos RICO Suit

By Emily Field

A Los Angeles pipe manufacturer has added Massachusetts-based Sokolove Law to its civil racketeering lawsuit in Illinois federal court accusing Simmons Hanly Conroy LLP and others of orchestrating a scheme to fill the law firms' coffers by bringing baseless asbestos claims, alleging the Sokolove firm acted to find the cases.

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NY Gov't Ethics Watchdog Called To Testify Against AG James

By Andrea Keckley

The federal government subpoenaed the New York State Commission on Ethics and Lobbying in Government on Wednesday to testify in its case against New York Attorney General Letitia A. James.

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Judge Denies NJ Lawmaker's Bid To Toss ICE Facility Charges

By Parker Quinlan

A New Jersey federal judge on Thursday refused to toss the criminal indictment filed against U.S. Rep. LaMonica McIver, D-N.J., following a confrontation with federal agents at an Immigration and Customs Enforcement facility in Newark.

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SEC's Northeast Deputy Enforcement Head To Depart Agency

By Sarah Jarvis

The U.S. Securities and Exchange Commission announced Thursday that the deputy director of the enforcement division for the Northeast will leave the agency, following stints as the regional director of the New York office and acting deputy director of the enforcement division.

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Minn. Chief Federal Judge To Take Semi-Retired Status In July

By Courtney Bublé

Chief Judge Patrick Schiltz of the District of Minnesota will take semi-retired status next summer, according to an update on Thursday from the federal judiciary.

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Del. US Atty Tapped For Acting Role After Interim Term Expires

By Jake Maher

Delaware's former interim U.S. attorney has been appointed acting U.S. attorney after the district court declined to keep her as the top federal prosecutor in the First State when her term expired.

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COMPANIES IN TODAY'S NEWS

Agri Stats Inc.

Amazon.com Inc.

Anthropic PBC

Brennan Center for Justice

Burford Capital LLC

Clemens Food Group LLC

Emergent BioSolutions Inc.

Federalist Society

FibroGen Inc.

Financial Industry Regulatory Authority Inc.

Google LLC

International Centre for Settlement of Investment Disputes

J.C. Penney Co. Inc.

Meta Platforms Inc.

Microsoft Corp.

New York State Bar Association

News Corp.

Paypal Holdings Inc.

Practising Law Institute Inc.

Scale Venture Partners

Smithfield Foods Inc.

Stanford University

Triumph Foods LLC

Twitter Inc.

Tyson Foods Inc.

X Corp.

YouTube Inc.

Zscaler Inc.

LAW FIRMS IN TODAY'S NEWS

Adams & Reese

Arnold & Porter

Axinn Veltrop

Baker Botts

Baughman Kroup

Brown Fox PLLC

Buchalter APC

Cadwalader Wickersham

Carmichael Ellis

Casey Jones Law

Cohen Seglias

Conyers Dill

Cooley LLP

Covington & Burling

Cowan DeBaets

Cuneo Gilbert

DLA Piper

Edelson PC

Engstrom Lee

Foley & Lardner

Freedman Normand

Fried Frank

Gibson Dunn

Graubard Miller

Groom Law Group

Gustafson Gluek

Hagens Berman

Hogan Lovells

Hunton Andrews

Husch Blackwell

Jackson Walker LLP

Jenner & Block

Jones Day

Kellogg Hansen

Kirkland & Ellis

Larkin Hoffman

Larson King

Lieff Cabraser

Lindskog Malmstrom Advokatbyra

Lockridge Grindal

Lowell & Associates

McDermott Will & Schulte

Milbank LLP

Morgan Lewis

Murray Phillips & Gay

Norton Rose

Oppenheim & Zebrak

Pearson Warshaw

Renaker Scott

Rusty Hardin

Scott & Corley

Sherin & Lodgen

Simmons Hanly

Sokolove Law

Stinson LLP

Susman Godfrey

Taft Stettinius

Todd & Weld

Troutman

Wiggin & Dana

Williams & Connolly

GOVERNMENT AGENCIES IN TODAY'S NEWS

Executive Office for Immigration Review

Federal Bureau of Investigation

Federal Judicial Center

Food and Drug Administration

Homeland Security Investigations

Idaho Supreme Court

International Chamber of Commerce

New York Attorney General's Office

New York State Commission on Ethics and Lobbying in Government

North Dakota Supreme Court

U.S. Attorney's Office

U.S. Attorney's Office for the District of New Jersey

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Court of Appeals for the Eighth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Columbia

U.S. District Court for the District of Minnesota

U.S. District Court for the District of New Jersey

U.S. District Court for the District of South Carolina

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Northern District of New York

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Pennsylvania

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court