Wake Up Call: Firm That Repped Bankman-Fried Explores PE Stake

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

• Cohen & Gresser, the New York firm known for representing Sam Bankman-Fried and Ghislaine Maxwell, is exploring selling a stake to private equity. The firm is discussing a $40 million convertible note that could become equity in a future managed services organization, a model that would let investors back the firm’s brand and operations without owning the legal practice itself. (Financial Times)
• Linklaters is creating a 20-person global team of “AI lawyers,” a hybrid role looking to combine human legal expertise with hands-on AI implementation to reshape client work. Selected from both external hires and existing lawyers, the group will complete an internal AI bootcamp and embed directly within practice teams to identify and implement practical AI use cases. (Non-Billable)
• Harvard Law visiting professor Carlos Gouvea was placed on pre-trial probation after being arrested for firing a BB gun near a synagogue during Yom Kippur services. Gouvea, who lives near the synagogue, told police he was hunting rats. Temple leaders said the incident appeared dangerous but not antisemitic. Prosecutors dropped several charges—including vandalism, disorderly conduct, and disturbing the peace. (Boston Globe)

Laterals, Moves, In-House

• Bill Mureiko and Sarah Marks joined Haynes Boone as partners in its private wealth practice in Dallas. They join from Holland & Knight.
• Jennifer Passagne joined Paul Hastings as a partner in its fund finance practice in London. She joins from Haynes Boone.