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.
Kirkland & Ellis’ plan for a $500 million AI spend is a preview of where the legal market is headed: A world where only the largest firms can self-finance the technology that will define competitive advantage, Certum Group’s William Marra says.
Prediction markets trading doesn’t just pose compliance hurdles for financial institutions. Pharmaceutical and technology companies, political organizations, and professional sports leagues also should consider adopting certain compliance frameworks to reduce the risk of their employees misusing confidential information to place trades, Debevoise & Plimpton attorneys say.
The thousands of criminal cases that the Justice Department quietly closed last year can be reopened at any time, so defendants should use the reprieve to plan a legal strategy, Sentencing Advocacy Group’s Joseph De Gregorio says.
US Reps. Jay Obernolte and Lori Trahan call for a national AI framework and explain why they’re releasing a bipartisan discussion draft because policy for a technology this transformative can only be built to last if it’s written by both parties.
Law firms’ volume of sensitive data make them unique targets for data breaches, so they should prioritize addressing cyber risk as a core element of client service, say O’Melveny’s Sid Mody, Randall Edwards, and Alexander Briggs.
Aside from the sex and lies, other allegations in a judicial conduct committee’s report on Judge Eleanor Ross raise broader questions about judges’ overreliance on law clerks, columnist David Lat writes.
The strategy of self-preservation embraced by some of the most prestigious law firms in the face of President Donald Trump’s demands didn’t work. One year later, the firms that caved have lost partners and clients.
Sidley Austin chair Yvette Ostolaza tells Bloomberg Law’s Meghan Tribe how the firm is targeting the “super elite” tier of Big Law. She also explains why Sidley is treating AI as core leadership infrastructure rather than a pilot program, with firm-wide governance and dedicated practice-group liaisons.
Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: