No Simpson Thacher Malpractice In PIPE Case, Jury Finds

By Madison Arnold

Simpson Thacher & Bartlett LLP escaped a malpractice lawsuit late Thursday over its representation of Patriot National Inc. in a private investment in public equity transaction in the years before the company's downfall.

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EasyJet Agrees To $7.7B Apollo Buyout, Castlelake Bows Out

By Al Barbarino

Apollo Global Management has agreed to acquire easyJet for approximately £5.7 billion ($7.7 billion), the companies said Thursday, ending a bidding contest with private equity firm Castlelake for the U.K. budget airline.

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Goodwin, Covington Lead Braveheart Bio's $383M IPO

By Jade Martinez-Pogue

Venture-backed biotechnology firm Braveheart Bio hit the public markets on Thursday after raising $383 million in its upsized initial public offering.

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3 Firms Guide Reusable Spacecraft Maker's $380M SPAC Deal

By Jade Martinez-Pogue

Orbital spacecraft maker Blackstar Orbital Technologies Corp. on Thursday unveiled plans to go public by merging with special purpose acquisition company Pono Capital Four Inc. in a deal that values it at $380 million and was built by three law firms.

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Tax Court Nixes Trader's $170M Dividend Tax Break

By Molly Moses

The Internal Revenue Service correctly disallowed over $170 million in qualified dividend deductions and over $25 million in foreign tax credits to a trading firm in 2012, the U.S. Tax Court held Thursday, finding its transactions failed an anti-abuse rule.

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Telecom Co. Denied Coverage For $27M 'Bump-Up' Settlement

By Danielle Ferguson

Insurers do not owe coverage to a telecom company for a $27 million settlement with shareholders who said they were shorted in an acquisition, the Delaware Superior Court said, finding the settlement was a "bump-up" in shareholder consideration that was excluded under the company's directors and officers coverage.

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Deals Rumor Mill

Shein Eyes $40B Valuation Via Hong Kong IPO, More Rumors

By Jade Martinez-Pogue

Fast-fashion company Shein is seeking a $40 billion valuation through its Hong Kong initial public offering, betting platform Polymarket is eyeing a new funding round that could value it at $20 billion and Cencora's MWI Animal Health merger with Covetrus faces regulatory scrutiny.

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Wordsmith Raises $14M As It Expands AI For In-House Teams

By Ashish Sareen

Wordsmith AI Ltd. has raised another $14 million from investors as it pushes to expand in North America and targets the financial services and insurance sectors.

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Simpson Thacher Lands In Chicago With 5-Atty Kirkland Team

By James Boyle

A five-person team of Kirkland & Ellis LLP attorneys are moving their practices to Simpson Thacher & Bartlett LLP to help the firm launch an office in Chicago.

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Veteran M&A Atty Named A&O Shearman's LA Office Head

By Adrian Cruz

Allen Overy Shearman Sterling announced that an experienced mergers and acquisitions and private equity attorney from Sidley Austin LLP has joined the firm in Los Angeles, where she has also been named office managing partner.

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5 Financial Statement Fraud Red Flags To Spot Post-Sripetch

The U.S. Supreme Court recently held in Sripetch v. U.S. Securities and Exchange Commission that disgorgement exists to strip a wrongdoer of unjust enrichment, not merely to compensate victims for what they lost, shifting the work at the center of securities fraud cases in five ways, says Rand Manasse at Green Lane Partners.

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Series

Being A Sommelier Makes Me A Better Lawyer

Being a sommelier has quietly shaped how I practice law by changing the way I think, communicate and connect with people, and offers a constant reminder that expertise is about making your knowledge useful and accessible to others, says Kara Du at Sheppard.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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HSF Kramer, Taft Hit By Data Breaches

By Craig Clough

Herbert ‌Smith Freehills Kramer LLP and Taft Stettinius & Hollister LLP recently reported data breaches to state regulators, adding to the dozens of breaches law firms in the U.S. have suffered in 2026. 

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Legal Services Hiring Is 'Firing On All Cylinders,' Recruiter Says

By Tracey Read

The legal sector saw job gains for the fourth month in a row, adding 1,000 positions in July, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.

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Financial Market Bolsters ABA Budget Amid Member Decline

By Emily Sawicki

A booming stock market has buoyed the overall net assets for the American Bar Association, keeping the organization's balance sheet in the black following the Trump administration's cancellation last year of millions of dollars in grants. 

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New AI Policy At Columbia Law Permits Use Within Guardrails

By Andrea Keckley

Columbia Law School has issued a new policy on the use of artificial intelligence, permitting its use to "support learning" and "perform specific functions" while restricting its role in generating written work or coming up with original arguments and legal analyses.

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Senate Confirms Todd Blanche To Be AG

By Courtney Bublé

The U.S. Senate voted 50-49 in the early hours of Saturday to confirm Acting Attorney General Todd Blanche to the permanent position.

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CoStar Fights CREXi Bid To Stay Suit Over Quinn Emanuel DQ

By Rose Krebs

CoStar is urging a California federal court to reject a bid by Commercial Real Estate Exchange Inc., or CREXi, to pause a copyright suit while CREXi asks the Ninth Circuit to undo the disqualification of its Quinn Emanuel Urquhart & Sullivan LLP attorneys, arguing the stay request is "unsupported by law."

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Nat'l Science Org. To Review Judiciary's Nixed Climate Chapter

By Jack Karp

The National Academy of Sciences will review the process used to develop a controversial chapter on climate science that has been removed from the federal judiciary's guide to scientific evidence, according to a Friday announcement.

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Summer's Last NYC Public Defender Strike Ends With Deal

By Andrea Keckley

The Bronx Defenders union said it has struck a deal with the organization's management, ending the last public defender strike in New York City this summer.

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Trump Picks FCC Lawyer As Agency's 3rd Republican

By Christopher Cole

President Donald Trump on Friday picked Danielle Thumann Severs, an in-house lawyer at the Federal Communications Commission, to fill an open seat on the regulatory board.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

The U.S. Department of Homeland Security said businesses with at least 50 employees, at least half of whom are H-1B or L-1 visa holders, must pay a biometric screening fee anytime they file an application to extend the workers' visas. In the meantime, a federal judge found that the former CEO of RTI Surgical Holdings misled investors by failing to disclose that the surgical implant company regularly shipped orders early to artificially inflate its quarterly revenues. 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 Cleary Gottlieb sued by a former client it advised on the proposed sale of a holding company and the continuation of litigation between pharma giants Merck Sharp & Dohme and Merck KGaA over rights to the Merck name in the U.K.

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Law360's Legal Lions Of The Week

By Kevin Penton

Motley Rice LLC leads this week's edition of Law360 Legal Lions, after a New Mexico judge ordered Meta Platforms to create a $567 million abatement fund and take additional measures to protect its youngest users.

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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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