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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Milbank Raises Associate Pay Scale, Topping Out At $455K

By Kevin Penton

Milbank LLP is increasing associate pay by $10,000 to $20,000 annually, with new salary floors of $235,000 and pay reaching as high as $455,000 for more experienced attorneys, according to the firm.

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Fox Rothschild Atty Censured Over $2.7M In Unapproved Fees

By Adrian Cruz

A New Jersey-based bankruptcy partner at Fox Rothschild LLP has been censured by the Supreme Court of New Jersey after she was found to have wrongfully disbursed over $2.7 million in fees to her former firms without approval.

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Chicago US Atty Report Denies Grand Jury Misconduct Claim

By Lauraann Wood

The Northern District of Illinois' top prosecutor sought to offer clarity Tuesday surrounding accusations of his possible interference with grand jury proceedings that preceded a criminal conspiracy indictment against six protesters, releasing a special report one defendant's attorney says raises more questions than it answers.

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7th Circ. Fines Deported Migrant's Atty For ChatGPT Misuse

By Emily Sawicki

The Seventh Circuit has rejected a Mexican citizen's petition challenging an immigration court's removal order on the merits, while sanctioning his attorney $5,000 for filing two legal briefs "riddled with" fabricated quotes and case citations hallucinated by ChatGPT.

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Exclusive

Cooley Launches Global Hearings Practice As Scrutiny Rises

By Daniel Moritz-Rabson

Cooley LLP has established a global hearings and inquiries practice to help companies prepare comprehensive strategies as they face increased regulatory scrutiny across multiple jurisdictions, the firm exclusively told Law360 on Tuesday.

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Ex-McDermott, Venable Attys Sued Over Estate's $40M Tax Bill

By Dorothy Atkins

The estate of a successful dentist who died in 2017 sued McDermott Will & Schulte LLP, Venable LLP and two attorneys in California state court Monday, alleging they gave negligent legal advice in planning the dentist's estate causing it to owe the IRS $40 million in taxes and penalties.

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Dem AGs Slam Climate Science Removal From Judicial Guide

By Jack Karp

The federal judiciary's decision to strike a chapter on climate change from its guide to scientific evidence is misguided, partisan and "will impede the judiciary's ability to pursue truth," according to a Tuesday letter from nearly two dozen Democratic state attorneys general.

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Bipartisan Bill Would Modernize Court Records Systems

By Matt Perez

U.S. Sens. John Kennedy, R-La., and Ron Wyden, D-Ore., on Tuesday jointly introduced the Open Courts Act, which they said would modernize the court records systems PACER and CM/ECF.

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Feature

AI Software Contracts Need Careful Review, Attys Are Warned

By Aaron Keller

Attorneys considering adopting artificial intelligence tools must ensure software contracts comply with data privacy laws, and firms should not be afraid to quiz software sales representatives, including by asking how long the software retains data, representatives from two law firms told Connecticut lawyers Tuesday.

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Analysis

Attys Worried Where ICE Will Draw Line In Asylum Crackdown

By Britain Eakin

Immigration attorneys are bracing for heightened scrutiny after the U.S. Department of Homeland Security said it would crack down on attorneys filing fraudulent asylum claims, expressing fears that the agency could blur the line between fraud and legitimate advocacy.

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DOJ Won't Move Forward With $1.8B Fund, Blanche Confirms

By Courtney Bublé

Acting Attorney General Todd Blanche told lawmakers Tuesday, "we're not moving forward" with the controversial $1.8 billion settlement fund.

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Senate Confirms Montana, Kansas Judges

By Courtney Bublé

The Senate confirmed judges Tuesday for Montana and Kansas, one of whom was the first judicial nominee of the second Trump administration to receive a "not qualified" rating from the American Bar Association.

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Titan Of The Plaintiffs Bar: Arias Sanguinetti's Mike Arias

By Joyce Hanson

When she was team captain with a track and field scholarship at the University of Southern California in the 1990s, Nicole Haynes was in good health and rarely had to see a doctor. So when she got a bad stomachache and her friends encouraged her to visit the USC health center, Haynes said she didn't have the right words to explain why her experience with Dr. George Tyndall had felt so invasive and wrong.

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