Paul Weiss Lands $4.2 Million Treasury Contract After OCC Hack

The Treasury Department turned to Paul Weiss, a prominent law firm with deep ties to banks, to respond to a recent cyber attack at one of its bureaus.

Law Firms’ 11% Revenue Jump Shows Resilience Amid Challenges

Law firm revenue rose nearly 11% in the year’s first half driven by rising demand and increased rates, Citigroup Inc.’s law firm banking group found.

Judge Voids $2.3 Million GLS Bankruptcy Litigation Funding Deal

A bankruptcy judge voided GLS Capital’s $2.3 million litigation funding agreement, a setback for the investor’s role in the case.

Trump’s Unusual Criminal Chief Pick Benefits From West Wing Ties

A small-office prosecutor without supervisory experience has leapfrogged into a Trump nomination to lead 600 Justice Department criminal attorneys in Washington—thanks in part to his ties to the White House chief of staff.

In Trump’s $940 Million Deals With Firms, the Jury Is Still Out

Nearly five months after major law firms began striking deals with President Donald Trump, there’s little outward sign that the agreements have impacted their business operations.

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Erwin Chemerinsky
University of California, Berkeley School of Law

Latest Stories

When a Law Firm’s Tech Venture Goes South, the Lawsuits Fly

On this episode of our podcast, On The Merits, Bloomberg Law reporters Alex Ebert and Evan Ochsner get into the unusual agreement a law firm and a legal tech startup and why it ended so poorly. They also talk about why we may see more of these blow ups as firms race to get into the the legal tech space.

VIDEOS

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    Feb 25, 2025, 3:39 PM UTC

  • Trump's Executive Orders: How Much Legal Authority Do They Have?

    Jul 2, 2025, 5:06 PM UTC

  • The Ground-breaking Life and Career of Big Law's First Black Chair

    Feb 21, 2023, 3:55 PM UTC

  • Big Law's Big Paychecks: Partner Compensation, Explained

    Oct 20, 2021, 4:15 PM UTC

Risky Bet on Figma Paid Off Huge for Silicon Valley Law Firm

Milbank Fights Trump DOJ, Despite Law Firm's White House Deal

DLA Piper Chief to Associates: Be Curious, Not 'Overly Partisan'

Fired Davis Polk Lawyer on Why He Criticized Trump, Palantir

Bloomberg Law M&A League Tables

Latham Overtakes Kirkland as 2025 Big Law M&A Deals Leader

Latham & Watkins is Big Law’s leading M&A adviser so far this year, riding a second-quarter upswing in tech, telecommunications, and energy deals work.

Steven Davis and the Rise and Fall of Dewey & LeBoeuf

On May 28, 2012, Dewey & LeBoeuf, the product of a merger between two storied New York law firms, filed for bankruptcy. For the first time, Dewey's former chair Steven Davis opens up about the years, months, and weeks leading to his firm's collapse, the decisions he made and, looking back, whether he would have done anything differently.

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OpenAI Staffers to Sell $6 Billion to SoftBank, Other Investors

Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp. and Dragoneer Investment Group, in a deal that values the ChatGPT maker at $500 billion, according to people familiar with the matter.

Wall Street Wrestles With Hedging Conundrum as Valuations Swell

Nathan Thooft is no market bear. His team at Manulife Investment Management, which oversees $160 billion, still holds a modest overweight in stocks. But as US markets jump from record to record, he’s been trimming big winners, buying bonds and adding a layer of protection with longer-dated options.

Stocks Slide After Data as Trump-Putin in Focus: Markets Wrap

Wall Street traders sent stocks down from all-time highs as data showed mixed indications on how American consumers are feeling about the economy. Investors also kept a close eye on a face-to-face meeting between Donald Trump and Vladimir Putin.