Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

Burford Capital Ltd.'s major court loss opens the door for paths to a stronger balance sheet, even as the litigation funder touts a “healthy” core business while preparing to announce a value write-down.

The case caption alone will likely elicit a reaction from the roughly 100 potential jurors summoned to an Oakland federal courtroom Monday.

As Florida’s bar expands to over 115,000 members, state leaders are looking for strategies to retain existing talent and keep lawyers from taking down their shingles.

A tax benefit used by private equity firms, hedge funds, and lawyers is the latest target for Democrats looking to solve New York City’s budget woes without alienating major voting blocs as they prepare for their primary election in June.

AI will likely reduce some routine burdens, but it won’t fundamentally change the skills that distinguish great lawyers. Creative thinking, strategic judgment, and nuanced analysis will only grow more important, write Weil, Gotshal & Manges’ Lori Pines and Ivan Zdravkovic.

There’s no shortage these days of stories, posts and videos warning of the robot armies readying to vacuum up white-collar jobs in technology, finance, marketing, you name it. And there’s no doubt that artificial intelligence is rapidly changing how we live and work. Amid all this, though, a relative calm has descended on the labor market and should persist for the rest of this year, at least.

Workers at Inpex Corp.’s Ichthys LNG export project in Australia have voted to strike, which could halt production if the dispute is not resolved, the union representing employees said in a statement.

Months after the Trump administration issued a freeze on work permits and other benefits for people from nearly 40 travel ban countries, immigrants are being forced out of jobs, losing apartments, and going without health care.

House appropriators moved the first two of twelve spending bills for fiscal 2027 through the full committee this week.

AI will likely reduce some routine burdens, but it won’t fundamentally change the skills that distinguish great lawyers. Creative thinking, strategic judgment, and nuanced analysis will only grow more important, write Weil, Gotshal & Manges’ Lori Pines and Ivan Zdravkovic.

The US Supreme Court would likely rule against the government on its reduction-in-force appeals rule in a hypothetical case, given legislative history and the court’s approaches to the major questions doctrine, says Tully Rinckey’s Michael Fallings.

The UK tax authority is seeking access to Anthropic’s latest artificial intelligence model to test vulnerabilities within its own systems, an official said Friday.

European Union leaders tasked the bloc’s finance ministers to come up with new measures to deal with the continent’s energy crunch after assessing that current proposals don’t go far enough, according to a person familiar with the conversations.

Repsol SA, BP Plc and slate of other oil firms have been accused of abusing market dominance and anti-competitive practices in a complaint filed by a Spanish wholesaler of refined fuels.

House appropriators moved the first two of twelve spending bills for fiscal 2027 through the full committee this week.

The growing web of circular deals among billion-dollar companies funding AI’s explosive growth is feeding investor worry about a massive bubble. For corporate tax departments there’s another concern, maybe unrecognized: the risk of transfer pricing regulation.

A tax benefit used by private equity firms, hedge funds, and lawyers is the latest target for Democrats looking to solve New York City’s budget woes without alienating major voting blocs as they prepare for their primary election in June.

Burford Capital Ltd.'s major court loss opens the door for paths to a stronger balance sheet, even as the litigation funder touts a “healthy” core business while preparing to announce a value write-down.

At every point in the tech industry’s evolution, chief executives have found some reason to fall out. Bill Gates and Steve Jobs clashed during the early scramble to dominate personal computing. Jobs felt betrayed by Eric Schmidt when Google launched Android to compete with the iPhone. And Elon Musk famously challenged Mark Zuckerberg to a cage match that never happened.

Months after the Trump administration issued a freeze on work permits and other benefits for people from nearly 40 travel ban countries, immigrants are being forced out of jobs, losing apartments, and going without health care.

The case caption alone will likely elicit a reaction from the roughly 100 potential jurors summoned to an Oakland federal courtroom Monday.

Norway plans to restrict access to social media for children under 16, joining a growing number of countries responding to concerns about the potential harm kids face online.

The US increased pressure on Iran with its naval blockade, as it seeks to get Tehran to agree to talks, while Israel and Lebanon are set to extend a ceasefire for three weeks.