THE CHEETAH BRIEF
Harvey’s $550M Bet, Big-Law Moves & Where Tech Finds Its Lawyers
Morgan & Morgan, P.A. has been using its proprietary AI platform, MX2, for several years and plans to invest at least $1 billion in AI and technology over the next decade.
Morgan & Morgan’s $1B AI Bet, BigLaw Pay Growth & Litigation Funding Push
Morgan & Morgan, P.A. has been using its proprietary AI platform, MX2, for several years and plans to invest at least $1 billion in AI and technology over the next decade.
AI Bills, $2,500 Rates & Private Equity’s Legal Push
In-house legal departments expect their budgets to grow in 2027, but rising salaries, outside counsel fees, and especially AI-related costs are continuing to stretch resources.
AI, Associate Pay & the Shifting Legal Market
Cahill Gordon & Reindel LLP has appointed Kelly Graves as its first Chief AI Strategy and Innovation Officer, while also promoting her to partner.
Anthropic Names New GC as Big Law Pushes Deeper Into AI
Anthropic has appointed Elena Leichty as general counsel, succeeding Jeffrey Bleich, who will transition to international special envoy.
AI Is Redefining How Law Firms Prepare, Practice and Grow
Winston Taylor is taking a different approach to preparing future lawyers with its inaugural Practice-Ready Program, which brought together 28 incoming law students for training focused on skills AI cannot replace.
Record Law Graduate Hiring, BigLaw Expansion & AI’s Growing Role
The class of 2025 law graduates posted a near-record 92.8% employment rate, with a record 85% securing positions requiring or anticipating bar admission.
ABA Pushes Back on Early Recruiting, AI Reshapes Hiring & NextGen Bar Exam Debuts
The American Bar Association approved several key policy resolutions during the first day of its annual meeting, including a measure urging law schools and firms to examine the impact of increasingly early Big Law recruiting on students' education and career development.
The Legal Industry's Biggest Shift Isn't in the Courtroom
A new wave of AI-native law firms are reshaping the legal industry by attracting Big Law talent with AI-first workflows, alternative pricing models, and greater flexibility.
Who Owns the AI Advantage? Plus: Big Law’s Latest Moves
The University of Chicago Law School is introducing a new AI policy that bans laptops, tablets, and phones in all first-year required courses to encourage deeper learning and critical thinking through distraction-free, device-free classrooms.
Legal Employment Climbs as Demand Accelerates
The legal industry added 5,100 jobs in June, the largest monthly increase in more than two years, bringing total legal employment to 1.24 million, according to the U.S. Bureau of Labor Statistics.
Ensuring a Future for LGBTQ+ Lawyers: New Programs, Stronger Support, Greater Opportunity
The National LGBTQ+ Bar Association is expanding its support for LGBTQ+ law students and early-career attorneys in response to increasing legal and political challenges facing the community.
Big Law Goes All-In on AI, Talent, and Deals
Law firms are increasingly turning to innovation and strategic expansion to compete in the rapidly evolving funds market.
World Cup Predictions, Big Law Lateral Moves & Industry Trends
As the 2026 FIFA World Cup begins, lawyers and law firm partners from around the world are weighing in on their tournament predictions, with Spain, France, Brazil, Argentina, and England emerging as the most frequently mentioned contenders.
$10M for Legal AI, PE Rollups Ahead, and Seyfarth Heads to Miami
Billables AI, a San Francisco-based legal tech startup founded in 2023, raised a $10 million Series-A round led by Avenue Growth Partners to expand its AI-powered timekeeping software for midsized law firms.
Kirkland's $500M AI Bet, Milbank Sparks a Salary Race, and the AI IPO Boom
Kirkland & Ellis is investing $500 million into building its own in-house AI platform designed to help attorneys tap into the firm’s collective knowledge and workflows.
Big Law in Flux: Pay Secrecy, Talent Wars, and the Rise of Legal AI
Law firms are increasingly adopting confidential “black-box” compensation systems as competition for top legal talent intensifies and firms seek greater flexibility in rewarding performance.
Law Firm Growth Report: Q1 Revenue, Hiring Trends, and What's Shaping Big Law
New survey results from Citi Global Wealth at Work Law Firm Group show that U.S. law firms had a strong start to 2026 despite ongoing geopolitical tensions, rising energy prices, and tariff concerns.
Quinn Emanuel Leadership Transition, BigLaw Growth & AI Legal Industry Trends in 2026
Four decades after founding Quinn Emanuel Urquhart & Sullivan, LLP in Los Angeles, founding partner John B. Quinn is stepping down as executive chairman effective immediately.