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What Does the KPMG Scandal Means for Law Firms and Internal Investigations

Australia Law News, Headlining, Law Firms / June 25, 2026

KPMG’s escalating governance crisis is now exposing not only the firm’s leadership, but also the role of the law firms drawn into its internal investigations. The resignation of KPMG Australia chairman Martin Sheppard, alongside two senior partners, follows a now-familiar pattern seen in major professional services scandals: initial denial, internal reviews, mounting external pressure, and […]

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Kennedy’s Report 12th Year of Growth As The Firm Moves Towards Its $1 Billion Target

Best Firms, Headlining, Press Releases, UK Law / June 12, 2026

>> See LawFuel’s Power List Law Firms Kennedys has spent the past decade quietly doing something many law firms talk about but few achieve: building a genuinely global practice. Now the insurance and disputes specialist has smashed through the £450 million revenue barrier, with North America and Asia Pacific driving double-digit growth as the firm

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The OpenAI Defense: Inside the Wachtell Trial Team That Just Beat Elon Musk

Featured, Headlining, Law Firms, LawStars, Power Briefs, Power Firms, US Law / May 26, 2026

While Elon Musk’s legal team tried to transform a federal courtroom in Oakland, California into an existential debate about the fate of human civilization and a “stolen charity,” Sam Altman’s defenders quietly built a procedural guillotine.

A unanimous nine-member federal advisory jury took less than two hours to reject all of Musk’s claims against OpenAI, CEO Sam Altman, and President Greg Brockman, which presumably was both surprising and disappointing for the multi-billionaire.

U.S. District Judge Yvonne Gonzalez Rogers immediately adopted the verdict from the bench, dismissing the case in full. The same statute-of-limitations finding wiped out Musk’s aiding-and-abetting claim against Microsoft, an early backer of OpenAI’s for-profit arm.

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The $8 Billion Fight That Shows Why Litigation Is Still the City’s Ultimate Blood Sport

Headlining, Law Stars - LawFuel's Leading Lawyers Profiles, LawStars, UK Law / May 25, 2026

A monster battle is unfolding in the sprawling claim against audit powerhouse PwC, born from the spectacular implosion of Chinese property behemoth China Evergrande, the most indebted property group in the world.

Senior silks like Richard Handyside KC, the Fountain Court Chambers’ Head, are facing off against those from 3 Verulam Buildings (3VB) where Adrian Beltrami KC represents the liquidators as they battle over allegations of negligence and misrepresentation in the $8.4 billion battle.

The numbers are eye-watering, even by City standards. Evergrande’s liquidators (led by Alvarez & Marsal’s Edward Middleton and Tiffany Wong) are pursuing 57 billion yuan (roughly $8.4 billion) in damages from PwC International, PwC Hong Kong, and PwC’s mainland China arm. They allege serious audit negligence and misrepresentation in the years leading up to Evergrande’s historic collapse, a King-sized property failure in a long list of major property failures.

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Paul Weiss Loses Two More Litigation Partners As Rivals Keep Picking Off Its Bench

Headlining, US Law / May 25, 2026

Paul Weiss Loses Two More Litigators As “Everything Is Fine” Narrative Gets Harder To Sell Ben Thomson, LawFuel contributing editor The litigation talent-bleed at Paul Weiss has not stopped, but has merely broadened its practice focus. Two more senior partners are heading for the exits, adding to a rolling series of departures that has turned

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Panel Games: Revolut’s New Legal Model is a Quarterly Hunger Games for Big Law

Headlining, Law Firm Technology, Law Firms / May 22, 2026

If you’re a partner at a Magic Circle firm currently leaning back in your Herman Miller chair, comforted by the warmth of a three-year panel appointment, you might want to sit up. The fintech disruptor that refuses to play by the rules is, predictably, about to break yours.

Revolut, the neobank recently valued at a staggering $45 billion following a secondary share sale (with some internal projections whispering closer to $75 billion), is officially binning the traditional legal panel model. In its place comes “Revolut Partners,” a system designed to treat law firms less like venerable institutions and more like high-performance software vendors.
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The Happiest Lawyers In America Work At These Firms — And The Race For #1 Is Now A Photo Finish

Best Firms, Headlining, Law Firm Rankings, US Law / May 17, 2026

Vault’s 2026-2027 rankings reveal O’Melveny still leads on satisfaction by a hair, Morgan Lewis took the overall crown, and Ropes & Gray jumped 36 spots.

Vault just dropped its 2026-2027 Best Law Firms to Work For rankings, and for anyone watching BigLaw’s talent map, the satisfaction data is the most useful slice on the platter. It tells you, in cold associate-survey numbers, where lawyers are actually happy versus merely well-paid — and right now those two things are diverging at the top end of the market in interesting ways.
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How a Box of Hong Kong Cupcakes Triggered a $36m Law Partner Meltdown

Headlining, Law Firms, Power List / May 15, 2026

Quick question: “If a star rainmaker built ‘their’ office, do they get to secretly take it with them – or does the partnership own everything they touch?”

When the Australian Financial Review recently devoted a major feature to “the $36 million box of Hong Kong cupcakes”, it wasn’t really about baked goods – it was about how a high‑performing litigation boutique managed to blow itself up in plain sight.
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$230bn in Five Days, Two Partners Out the Door – Wachtell’s High-Stakes Reckoning

Big Law, Headlining, Law Firms, Press Releases / May 11, 2026

The firm that pays its partners $12 million a year just can’t stop losing them. Here’s why that paradox may be the most important story in Big Law right now.

Wachtell Lipton broke every profitability record in Am Law 100 history in 2026 — and watched nine partners walk out the door to rivals offering something the numbers alone couldn’t match. What’s really driving the exodus from Wall Street’s most envied firm, whether the lockstep model can survive the age of the $80 million guarantee, and what it all means for the future of elite legal practice: it’s all inside.

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The Elite Law Pipeline to Prison And How a Decade-Long Insider Trading Ring Pierced Big Law’s Inner Circle

Big Law, Headlining, US Law / May 10, 2026

A 30-person federal indictment has implicated attorneys from Wachtell, Latham, Willkie, Goodwin, Cleary, Sidley, Weil and DLA Piper in what prosecutors call one of the most sweeping M&A intelligence networks ever prosecuted on American soil.

The access a law firm grants its attorneys is built on a simple, foundational covenant: what comes through the door stays within those walls. For a decade, federal prosecutors allege, a network of Ivy League-trained lawyers decided that covenant was negotiable — and that confidential merger data was simply a different kind of billable asset.

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