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Ex-Cravath Staffer Charged With Insider Trading

By Stewart Bishop

A former employee at Cravath Swaine & Moore LLP on Thursday was arrested and charged with insider trading for allegedly exploiting nonpublic information about major deals involving the firm's clients, including Paramount Skydance Corp.'s $110 billion acquisition of Warner Bros. Discovery Inc.

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    Legal Tech & AI

    MoFo Prepares Future Attys With New AI Summer Program

    Morrison Foerster LLP is recruiting summer associates for next year to work with its artificial intelligence tech team, in a move the firm says is meant to start a pipeline of younger attorneys with AI skills.

  • California Pulse

    HeyCounsel Announces New Resource For Job-Seekers

    The founder of HeyCounsel, a network for solo practitioners and lawyers from boutique firms, said the wind-down of BigLaw firm Weil Gotshal & Manges LLP prompted him to launch a resume-sharing tool to help job-seeking lawyers find positions at small law firms.

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    DC Pulse

    Gibson Dunn Gains 120 Funds Lawyers From Weil

    A team of 120 private funds attorneys from Weil Gotshal & Manges LLP, including 23 partners, is joining Gibson Dunn & Crutcher in New York, London and Washington, D.C., as their predecessor firm prepares to close its doors, according to an announcement on Thursday.

  • California Pulse

    Goodwin Doles Out Raises, Up To $140K In Bonuses

    Goodwin Procter LLP will raise base salaries for U.S. associates to the scale set by Milbank LLP this summer and announced tiered class-year and special bonuses going up to $140,000, according to a Tuesday report.

  • California Pulse

    Milbank Moves To Newly Redone Century City Office In LA

    Milbank LLP has taken space in a newly renovated office in Los Angeles, remaining in Century City.

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    Modern Lawyer

    Clifford Chance Taps Sidley Partner To Co-Lead Sports Team

    Clifford Chance LLP has hired a private equity attorney previously with Sidley Austin LLP as co-chair of its global entertainment and sports sector team, the firm announced Tuesday.

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    Daily Litigation

    Kirkland Hires Weil DC Leader For Antitrust Team

    A Weil Gotshal & Manges LLP antitrust partner who has led the dissolving firm's Washington, D.C., office is headed to Kirkland LLP.

  • Daily Litigation

    2 Attys Fined For AI Citation Errors But Local Counsel Spared

    A Delaware federal magistrate judge found that three attorneys violated rules of professional conduct after the court discovered legal authorities that were falsely generated by artificial intelligence in a brief last year, issuing $3,000 sanctions against just two of them after local counsel said he received the filing at the last minute but took responsibility for its errors anyway.

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    California Pulse

    What Anthropic's IPO Filing Reveals About Legal Tech Ties

    Anthropic PBC shed some light on its legal technology connections in the updated S-1 filing on Tuesday for its highly anticipated initial public offering.

  • Legal Tech & AI

    AI Law Firm Crosby Inks $5M Malpractice Insurance Policy

    Crosby, a hybrid artificial intelligence law firm that combines technology with lawyers in reviewing contracts, announced Monday the securing of a $5 million malpractice insurance policy with Lloyd's of London-backed startup Testudo.

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