BigLaw Could Tap PE Money For Advantage In Talent Wars

By Ryan Boysen

BigLaw firms may soon partner with private equity to gain an edge in the talent wars, potentially reshaping the U.S. legal industry despite fears that the shift could corrode firms' cultures.

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R1 Deal Defendants Urge Chancery To Toss Investor Suit

By Jarek Rutz

Counsel for TowerBrook Capital Partners LP and Ascension Health Alliance urged the Delaware Chancery Court on Tuesday to dismiss a stockholder suit over medical company R1 RCM Inc.'s $8.9 billion take-private deal, arguing that the investors did not control the company under Delaware law.

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11th Circ. May Lower Bar For Getting ERISA Claims To Court

By Kellie Mejdrich

Several Eleventh Circuit judges voiced support during en banc arguments Tuesday for overturning precedent backing the appellate court's exhaustion requirement for federal benefits claims, signaling the potential reinstatement of a proposed class action alleging mismanagement of a seafood company's employee stock ownership plan.

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PE-Backed Arxis Buys Omnetics, MagCanica For $890M

By Jade Martinez-Pogue

Aerospace and defense company Arxis on Tuesday announced that it has agreed to acquire aerospace and defense manufacturer Omnetics Connector Corp. and torque sensor-maker MagCanica Inc. for a combined purchase price of $890 million.

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Kirkland-Led Wingman Clinches $215M Debut Fund

By Jade Martinez-Pogue

Software-focused investment firm Wingman Growth Partners, advised by Kirkland & Ellis LLP, on Tuesday announced it closed its inaugural fund after securing $215 million in investor commitments.

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Digital Lender Forbright Launches Plans For $150M IPO

By Jade Martinez-Pogue

Middle-market commercial lending digital bank Forbright on Tuesday launched plans to go public through an estimated $150 million initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Simpson Thacher & Bartlett LLP.

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DLA Piper Brings On A&O Shearman M&A Partner In SF

By Bonnie Eslinger

DLA Piper has announced it is pushing forward with its "strategic expansion" in Northern California with the addition of "a market-leading dealmaker" from Allen Overy Shearman Sterling.

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Opinion

Attys Should Aid Clients' AI Use While Safeguarding Privilege

Until legislatures enact laws expressly extending privilege to artificial intelligence queries, lawyers should try to shield their clients' case-related use of AI tools by offering them dedicated access on firms' enterprise accounts and utilizing a long-standing privilege precedent, says Joseph Rillotta at Meadows Collier.

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2 'Rocket Dockets' And The Rules That Propel Them

The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.

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BigLaw Insider Trading Defendants Have Big-Name Legal Help

By Chris Villani

An insider trading case involving nonpublic information prosecutors say was stolen from some of the largest law firms in the U.S. has ensnared more than two dozen defendants, many of whom have turned to lawyers with notable clients including Donald Trump, Harvey Weinstein and Luigi Mangione.

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Hueston Hennigan Follows Milbank's Lead In Associate Pay

By Tracey Read

The race to match Milbank LLP's attorney pay hikes is officially on, with trial firm Hueston Hennigan the latest to announce it will increase associate pay by $10,000 to $20,000 annually.

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Analysis

The Plaintiffs Atty Now 5-0 At Supreme Court With No Dissents

By Jeff Overley

It's true that Jennifer Bennett is undefeated at the U.S. Supreme Court, but it's also an understatement. Bennett's five wins, including two recent ones, were all unanimous decisions. They showed that the plaintiffs bar can still persuade a conservative supermajority. And they turned the tide after a spree of decisions keeping workers and consumers out of court.

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Goldstein Cites Addiction To Avoid Time, DOJ Seeks 8 Years

By Jared Foretek

Federal prosecutors recommended a 97-month prison sentence for convicted SCOTUSblog founder Thomas Goldstein, telling a Maryland federal court he has bilked the government out of more than $9.5 million in unpaid taxes. Goldstein, meanwhile, asked for a suspended sentence and supervised release, citing a "severe and longstanding gambling addiction."

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Rocade Capital Buys LFG To Create Combined $2B Lit Funder

By Ryan Boysen

Rocade Capital LLC has acquired fellow litigation funder Law Finance Group LLC, creating a combined platform that has deployed more than $2.3 billion and specializes in $10 million to $50 million deals, including post-judgment financing, portfolio deals and lending to plaintiff's firms.

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Court Reporter Shortage A 'Crisis,' Calif. Supreme Court Told

By Bonnie Eslinger

Two legal nonprofits urged the California Supreme Court to issue an order entitling low-income civil litigants to electronic recording if a live court reporter is not available, saying at a hearing Wednesday that a court reporter shortage in the Golden State has created a "crisis."

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9th Circ. Suspends 2 Attys For 6 Months Over AI Hallucinations

By Rae Ann Varona

The Ninth Circuit on Wednesday temporarily suspended two California immigration attorneys from practicing before the appellate court for filing briefs in a deportation relief case containing artificial intelligence-generated hallucinations, finding no excuse for their "extraordinary confession" of not vetting citations used by unlicensed brief writers.

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Tenn. Firm Sanctioned For AI Misuse In Baker Donelson Suit

By Emily Sawicki

A Tennessee federal judge has sanctioned a Memphis, Tennessee, law firm over its misuse of artificial intelligence amid a malpractice suit against Baker Donelson Bearman Caldwell & Berkowitz PC, ordering the regional firm to reimburse costs associated with the matter and report the misconduct to the state's disciplinary counsel.

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Feature

'Read The Cases': Conn. Judge Offers AI Advice To Attys

By Brian Steele

A Connecticut federal judge told a gathering of attorneys Tuesday that his law clerks are not allowed to use generative artificial intelligence for any purpose involving legal research, his interns are barred from using it at all, and lawyers must be careful when relying on the material that the tools produce.

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Atty Can't Shake $120M Verdict In RICO, Defamation Dispute

By Carolina Bolado

An Alabama federal judge refused to disturb a $120 million verdict against a former Conrad & Scherer LLP managing partner, ruling there was enough evidence at trial for a jury to find the attorney liable on Drummond Co.'s racketeering and defamation claims.

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Graham Pushes Federal Tort Path After DOJ Drops $1.8B Fund

By Courtney Bublé

The U.S. Department of Justice seemed, at least briefly, to support a Republican senator's alternative solution to the "anti-weaponization" $1.8 billion fund that acting Attorney General Todd Blanche said Tuesday the department is abandoning.

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DOJ Sets New Healthcare Fraud Convictions Record

By Phillip Bantz

The U.S. Department of Justice on Wednesday announced that its Health Care Fraud Unit secured six jury trial convictions across the country in less than three weeks, with the cases involving more than $1.1 billion in fraud losses.

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Titan Of The Plaintiffs Bar: Dardarian Ho's Linda Dardarian

By Lynn LaRowe

Despite being on the other side of a disability rights case that will cost his municipality at least $150 million, Kevin McLaughlin, city attorney for Oakland, California, believes that if more lawyers were like Linda Dardarian, there would be far less lamenting about civility in the legal profession.

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