Simpson Thacher 'Never' Explained Ill-Fated Deal, Exec Says

By Cara Salvatore

A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various words he wasn't familiar with in the deal.

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Fireworks' Valuation Booms To $17.5B After Funding Round

By Jade Martinez-Pogue

Artificial intelligence company Fireworks on Thursday revealed that it has reached a $17.5 billion valuation after raising $1.5 billion in its latest funding round.

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Consortium Wins More Time To Finalize £5.7B Energy Biz Buy

By Tom Fish

DCC PLC said Thursday a consortium led by U.S. private equity firms KKR and Energy Capital Partners LP has won more time to finalize a recommended takeover worth £5.7 billion ($7.8 billion).

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Data Center Operator Csquare Prices $1.1B IPO Below Range

By Jade Martinez-Pogue

Dallas-based data center operator Csquare hit the public markets Thursday after raising $1.1 billion in its initial public offering steered by Paul Weiss Rifkind Wharton & Garrison LLP and Latham & Watkins LLP.

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Analysis

Biggest Sports & Betting Deals To Watch In 2nd Half Of 2026

By David Steele

The year so far has seen increased private equity investment in pro teams and college sports, U.S. pro soccer's plans to capitalize on the World Cup and the Chicago Bears' hunt for a new host city. Here, Law360 highlights the most significant sports deals to watch for the remainder of 2026.

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Feature

As Law Firms Race To Adopt AI, Cost Concerns Grow

By Phillip Bantz

Pressure is mounting on law firm leaders to dive into the AI waters or watch competitors swim away, but figuring out responsible, cost-effective methods to use high-priced legal tech remains tricky, experts say.

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High Court Ruling Shields WaPo In $2.78B Trump Media Suit

By Kelcey Caulder

A Florida federal judge cited a 1964 U.S. Supreme Court case in an explanation of his decision Thursday to end President Donald Trump's $2.78 billion defamation suit against The Washington Post, writing that if he was "deciding this case on a clean slate, the result might be different."

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Zohar Trust Wins $2.4M In Lengthy Row With Lynn Tilton Firm

By Alex Wittenberg

Distressed debt investor Lynn Tilton's Patriarch Partners must pay roughly $2.4 million to the litigation trust for a trio of collateralized loan funds she founded in the 2000s, a New York federal judge has ruled, finding that Tilton's private equity firm breached a credit contract.

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Kirkland-Led Arlington Capital To Buy Optics Biz For £346M

By Tom Fish

U.S. private equity firm Arlington Capital said Thursday it has agreed to acquire Gooch & Housego PLC in an all-cash transaction that values the U.K. optics technology company at £345.6 million ($467 million).

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Deals Rumor Mill

DeepSeek, Shein Inch Closer To IPOs, And More Deal Rumors

By Al Barbarino

China's DeepSeek and Shein and U.S. entertainment company Lionsgate Studios are among the companies nearing potential IPOs or sales, according to recent reports. Initial public offerings from DeepSeek and Shein could value those companies at $71 billion and $40 billion, respectively. A potential price tag for Lionsgate hasn't been disclosed, but the studio behind the "Hunger Games" and "John Wick" movies could attract billions as Bollore Group and Banijay Group emerge as suitors. 

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Assessing New Risks After The End Of The SEC's Gag Rule

The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

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Series

Being A Magician Makes Me A Better Lawyer

The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

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How Competitive Is Your Compensation? Take Our Survey

Is your compensation keeping pace with the rate of inflation? Do you know what your colleagues made last year? Help Law360 Pulse answer these questions and more in this year's Law Firm Compensation Survey.

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DOJ Unveils Law Firm Subpoenas In ABA Docs Bid Fight

By Ryan Boysen, Rae Ann Varona, Alison Knezevich, Daniel Moritz-Rabson and Aebra Coe

The BigLaw firms that cut deals with the Trump administration last year to skirt punitive executive orders are now grappling with subpoenas from the U.S. Department of Justice seeking deal-related communications and depositions of the firms' managing partners or chairs, according to Friday court filings.

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K&L Gates Cuts Nonattorney Staff By 10% After Review

By Tracey Read

K&L Gates LLP has cut its nonattorney and business support staff by 10% following a monthslong review of its structure, the firm told Law360 Pulse Friday.

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Analysis

Upon Review: The 2026 World Cup's Biggest Legal Stories

By Alex Lawson

The grandest iteration of the World Cup to date unsurprisingly raised new legal and regulatory disputes, including immigration issues and the White House's intervention in a player disciplinary proceeding. Here, Law360 digs into the legal questions arising from the tournament.

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7th Circ. Admonishes Atty Over 'Astonishing' Bogus Citations

By Christine DeRosa

The Seventh Circuit has admonished but declined to sanction an attorney for a brief that included what a judge called "an astonishing number of erroneous and even hallucinated citations."

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Ashurst Perkins Gets Trial Date Pushed In Malpractice Case

By Rachel Riley

A Washington state judge granted Ashurst Perkins Coie's bid to postpone the trial date in a lawsuit accusing the firm's predecessor of making significant mistakes while representing a Middle Eastern screw and nail manufacturer in regulatory proceedings before the U.S. Department of Commerce, calling the case "complex" on Friday.

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Judge Warns Gov't Over Apparent AI-Hallucinated Citation

By Courtney Bublé

A federal judge in Michigan, appointed by President Donald Trump, called out the government for its apparent use of artificial intelligence to cite "nonexistent case law."

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Public Defenders Go On Strike In New York City

By Andrea Keckley

Hundreds of public defenders and social workers in Brooklyn and Queens have gone on strike, with the possibility of more walkouts to come as legal aid providers continue to negotiate with their unions.

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Feature

How A 'Revolutionary' Charlotte Courtroom Advances Justice

By Hayley Fowler

In the second of a two-part series on the Virginia Revival Courtroom in the Charlotte federal courthouse, judges, architects and a trial consultant explain the strategy behind designing a space they see as more conducive to justice.

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2nd Circ. Backs Public Defender's Firing For Computer Misuse

By Andrea Keckley

The Second Circuit has backed a district court's dismissal of a former public defender's lawsuit against Oneida County, New York, for firing him after he used his work computer to work on his private practice on county time, agreeing that the county did not violate his privacy rights or breach their contract.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

The U.S. Securities and Exchange Commission is considering allowing electronic delivery to be the default method for sending investors information, and a panel of investor activists said the 2026 proxy season was shaped by regulators who seem to let public companies behave more like private ones. These are among the stories in corporate legal news you may have missed in the past week.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen Snapchat and Dolby press on with a fresh infringement claim in their ongoing patent battle, The Telegraph face an intellectual property claim by a photo archive, a group of international human rights barristers and chambers sued, and oil business Equinor embroiled in a contract dispute with BP after recently acquiring full ownership in their offshore project. Here, Law360 looks at these and other new claims in the U.K.

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Law360's Legal Lions Of The Week

By Kevin Penton

Hogan Lovells Cadwalader leads this week's edition of Law360 Legal Lions, after the Second Circuit determined that a lower court properly found that Nielsen cannot condition media company Cumulus' access to national radio ratings data on buying its local offerings.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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