Kirkland & Ellis’s $500 million investment in artificial intelligence isn’t likely to translate to a fundamental change in the Kirkland business model—or in the Big Law model generally—that will lead to immediate discounts for clients, Baretz + Brunelle’s Casey Flaherty writes.

Sarah Ridel joined Skadden as a partner in its energy and infrastructure projects group in Houston, the firm announced Thursday.

Stephen Lee and Brian Raynor joined Willkie Farr & Gallagher as partners in its private equity practice group, the firm announced June 1. Lee is based in Los Angeles while Raynor is based in San Francisco.

President Donald Trump announced that he planned to soon make Todd Blanche, who leads the Justice Department on an acting basis, the “permanent attorney general,” a move that would install a fervent loyalist at the top of the nation’s law enforcement apparatus.

Josh Strathman rejoined Dechert as a partner in its global finance practice in Los Angeles, the firm announced Thursday.

Christopher Lightner joined Womble Bond Dickinson as a partner in its patent prosecution and litigation practice group in Atlanta, the firm announced June 1.

Kirkland & Ellis’s $500 million investment in artificial intelligence isn’t likely to translate to a fundamental change in the Kirkland business model—or in the Big Law model generally—that will lead to immediate discounts for clients, Baretz + Brunelle’s Casey Flaherty writes.

Houston Specialty Insurance Co. dismissed its suit against United Service Cos. over coverage for asbestos-related litigation brought by a former worker.

Federal Reserve Bank of San Francisco President Mary Daly said monetary policy is in a good place right now, but there’s too much uncertainty in the economy to offer a view on where rates are headed.

AbbVie suffered another defeat in its bid to block a Mississippi law regulating how drug companies contract with pharmacies in the state under the federal drug discount program.

The Federal Circuit affirmed denial of FERS disability retirement benefits to a technician with seizures by OPM, ruling that commuting inability is not considered under the statute. Chafin v. OPM, 2026 BL 193682, Fed. Cir., 2024-2369, 5/27/26

A Tennessee federal court granted summary judgment to Greyhound Lines on an FMLA retaliation claim by a female bus driver, finding no reasonable reliance on misrepresentations about leave eligibility. Mathis-Sanders v. Greyhound Lines, Inc., 2026 BL 202385, W.D. Tenn., 2:24-cv-02868-BCL-tmp, 6/1/26

The IRS may be ready to resume issuing private letter rulings on “significant issues” within corporate transactions, but the scope of the program won’t be unlimited, an IRS official said Thursday.

A Maryland attorney sentenced to 13 years in jail for defrauding her clients owes the IRS hundreds of thousands of dollars in taxes and penalties, according to a lawsuit the Justice Department filed Wednesday.

The UK tax authority is aiming to publish an assessment of the tax gap related to undisclosed foreign income in 2027.

Related companies that dispose of construction waste failed to convince Texas’s statewide intermediate appellate court that they‘re entitled to deduct the costs of goods sold every year when calculating franchise tax liability.

Treasury Secretary Scott Bessent faced more questions Thursday from House Ways and Means lawmakers on President Donald Trump’s settlement with his own government that included a controversial $1.8 billion “anti-weaponization” fund.

Nicola Williams joined Ward Hadaway as a partner in its corporate tax and share incentives practice, the firm announced Thursday.

The US Supreme Court reinforced the Securities and Exchange Commission’s power to recover illegal profits in a case that centered on one of the agency’s most potent enforcement tools.

A US trade judge took the unusual step of personally responding to the Trump administration’s appeal of his order to refund $166 billion in tariffs the Supreme Court declared unlawful, calling the government’s filings “colorful” and questioning its legal stance.

Federal Reserve Bank of San Francisco President Mary Daly said monetary policy is in a good place right now, but there’s too much uncertainty in the economy to offer a view on where rates are headed.

The US Supreme Court ruled that telecommunications companies can’t immediately demand a jury trial when hit with a Federal Communications Commission fine, while saying the carriers need not to pay penalties right away.

Commonwealth Fusion Systems LLC, which has raised almost $3 billion from investors including Bill Gates’ Breakthrough Energy Ventures and Nvidia Corp.’s venture arm, says five peer-reviewed papers validate the physics underpinning its first commercial-scale power plant.

The US and its “Five Eyes” intelligence partners issued what they said was an unprecedented joint notice warning about attempts by Chinese spies to use websites such as LinkedIn to recruit assets.