Stories making recent headlines on LawFuel . .
- Meet Scott Barshay – Paul Weiss’s New Chairman and Wall Street’s Most Prolific M&A Lawyer
From Cravath Star to Paul Weiss Chair Ben Thomson, LawFuel contributing writer In one of the most dramatic leadership transitions in Big Law history, Scott Barshay has been appointed Chairman of Paul, Weiss, Rifkind, Wharton & Garrison LLP, effective immediately, following Brad Karp’s decision to resign as Chairman. The sudden change, announced February 4, 2026,… Read more: Meet Scott Barshay – Paul Weiss’s New Chairman and Wall Street’s Most Prolific M&A Lawyer - Brad Karp’s Paul Weiss Exit – When ‘Once in a Lifetime’ Evenings Come Back to Haunt You
Brad Karp’s 18-year reign atop Paul, Weiss, Rifkind, Wharton & Garrison ended Wednesday night not with a bang, but with a carefully worded statement about “distractions.” Translation: the Justice Department’s release of millions of Epstein-related documents last week made his position untenable faster than you can say “conflict of interest.” The emails paint a picture that’s more uncomfortable than a BigLaw associate’s billable hours target. In July 2015, Karp thanked Epstein for “an evening I’ll never forget,” describing it as “truly ‘once in a lifetime’ in every way, though I hope to be invited again.” Epstein’s response? A promise of “many many nights of unique talents” and assurances Karp would “be invited often.” Spoiler alert: those invitations are now exhibit A in why being Chair of a white-shoe law firm and socialising with convicted sex offenders don’t mix well. - Anthropic’s Legal AI Plugin Triggers ‘SaaSpocalypse’ — $50B Wiped from Legal Tech Stocks
Anthropic’s Legal AI Plugin Exposes the Vulnerability of the Legal Tech Emperor’s Wardrobe The legal software establishment just experienced its worst week since the internet arrived—and this time, they can’t buy their way out of trouble. Barbara Napolitano When Anthropic dropped its legal plugin for Claude Cowork on January 30th, it wasn’t just another product… Read more: Anthropic’s Legal AI Plugin Triggers ‘SaaSpocalypse’ — $50B Wiped from Legal Tech Stocks - Legal AI’s First Reality Check: What the Claude Shock Means for Law Firms
AI-driven software stocks have slumped as investors suddenly re-price the risks and disruption posed by legal-focused models like Anthropic’s Claude. But for law firms, this is a reset, not a retreat, in the legal AI market. The money is shifting from “AI at any price” to “AI that can survive the coming copyright and compliance storm”—and that is clearly where serious firms should now be focusing. What Actually Happened in Markets The numbers are staggering. On 3 February 2026, a Goldman Sachs basket of US software stocks sank 6% in a single session—its biggest one-day decline since April’s tariff-fueled selloff. A parallel index of financial services firms tumbled almost 7%. The Nasdaq 100 Index fell as much as 2.4%. The trigger? Anthropic released new AI automation capabilities targeting legal, sales, marketing, and data analytics—sectors previously thought insulated from AI disruption. The carnage was immediate and global: - Why Was Jeffrey Epstein Trying to Get BigLaw’s Brad Karp Into Augusta National?
The Augusta Connection: Why Did Jeffrey Epstein Want to Get Brad Karp Into America’s Most Exclusive Golf Club? When a convicted sex offender tries to work “magic” to get you into Augusta National, maybe ask yourself what you’re paying for that membership with. For Paul Weiss Chairman Brad Karp that is a question worth asking.… Read more: Why Was Jeffrey Epstein Trying to Get BigLaw’s Brad Karp Into Augusta National? - BigLaw Pay – Taylor Wessing’s Top Rainmaker Banks the Legal Equivalent of a Premier League Salary
Taylor Wessing’s highest-earning partner managed to haul in a whopping £200,000 a week in the latest financial year — that’s roughly the same as a Premier League striker on a good bonus season. It highlights just how ludicrous top-end pay has become in London’s legal market. According to Law Society Gazette, the top-paid LLP member at Taylor Wessing managed to net that £200k-a-week haul as profits were dished out across the partnership. That kind of pay packet makes even the notorious Cravath scale seem almost modest. Sure, mid-market firms can cry “but we’re all about work-life balance,” but when your top partner’s annual take amounts to north of £10m, it’s hard not to feel the sting of disparity. - California Draws a Line on Legal AI And Lawyers Need to Pay Attention
For years, lawyers have been quietly experimenting with generative AI while publicly pretending it was all very theoretical. That luxury just expired however has expired as the California passes a first-of-its kind bill that will doubtless be replicated in other jurisdictions. The California Senate has passed SB 574 aimed squarely at how lawyers use artificial intelligence in legal practice. If it becomes law, California will be the first major jurisdiction to formally regulate AI use by lawyers, not with vague principles, but with obligations that cut straight to competence, ethics, and liability. In short: lawyers can use AI, but they own the consequences. And that’s something many will find daunting given the hallucinations and legal repercussions of legal AI’s misuse. - Winston & Strawn and Taylor Wessing Partners Greenlight £1.2bn Transatlantic Law Merger
Partners at Winston & Strawn and Taylor Wessing have voted decisively in favour of their landmark transatlantic merger, clearing the path for the creation of Winston Taylor—a new legal powerhouse set to launch in May 2026. The combination, reported last month, will create a firm with more than 1,400 lawyers worldwide and combined revenue exceeding $1.75 billion, positioning the newly-formed entity just outside the Global 200’s top 40 firms. The merger responds to increasing client demand for seamlessly integrated US–UK–EU counsel for the businesses, people, and markets driving capital and innovation. - Brabners’ Eight-Year Growth Streak Powers London Expansion: What Regional Firms Can Learn
While London’s legal market dominates headlines with US firms driving salary wars and Magic Circle mergers, Brabners’ consistent growth story offers a compelling counter-narrative. The firm’s eight consecutive years of profitable expansion demonstrates that sustainable growth doesn’t require a City postcode—it requires strategic vision, client focus, and calculated expansion timing. And leadership from people like managing partner Nik White (Pictured), who the firm described as the ‘driving force’ behind its growth. At a time when UK law firms collectively generated £37 billion in revenue, with more than half posting double-digit increases, Brabners’ measured approach to London expansion represents a textbook case of regional strength leveraging metropolitan opportunity. Log in to read the rest . . - Four Thousand an Hour Arrives in US Big Law Billing
Reuters reports the new top line for Susman Godfrey’s trial stars and sets it against peers where rates already crossed three thousand last year. Public filings and prior coverage show Latham partners at just over three thousand and Quinn Emanuel partners near that mark, with associates at some shops topping one thousand six hundred. Four thousand is not only a flex, but also one that needs to be ‘sold’ to clients. If law firms want this price to clear, they must show time saved, risk shifted and outcomes earned. Log in to read . . . - Dechert Raids McDermott With 20‑Partner Team as It Re‑Enters Chicago and Targets Texas
Dechert has fired the opening shot of 2026’s lateral wars, lifting a 20‑plus partner team – including a top‑ranked complex litigation and accounting defense squad – from McDermott and using it as the launchpad for new offices in Chicago, Dallas and a disputes outpost in Houston. Dechert has brought in more than 20 lateral partners across litigation, corporate and securities, IP and employment from McDermott Will & Schulte, anchored by a preeminent U.S. complex litigation practice and a Chambers Band 1 accounting defense team. The group is led by Chicago trial and strategy heavyweight law star Mike Poulos, formerly partner in charge of global strategy and an executive committee member at McDermott, who becomes Dechert’s vice chair and global head of strategy. Log in to continue reading . . . - How Lobbying Turned Into Big Business for Top Law Firms in 2025
Lobbying Law Leaders John Bowie, LawFuel publisher Big Law’s lobbying arms just posted their richest year on record, powered by Trump-era tariffs, AI and health policy fights—and a Trump‑aligned boutique has muscled past the traditional K Street giants as lobbying becomes a major new profit source for law firms in the US, UK and elsewhere.… Read more: How Lobbying Turned Into Big Business for Top Law Firms in 2025