The $1 Billion Case & The Unfolding Litigation Funding & Legal Drama

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  Norton Rose Partners Just Pocketed a 27% Payday – Blame the US (and a Bit of AI Magic)
  While the rest of Big Law was still muttering about market uncertainty, Norton Rose Fulbright quietly had one of those years that makes equity partners smile into their morning flat white. The firm racked up more than US$2.8 billion in global gross revenue for 2025 – a tidy 16% jump. But the real headline? Profits per equity partner shot up 27% to nearly US$2.1 million. You read that right. Nearly $2.1 million. Per partner. Per year.
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  5 Practical Ways Lawyers Can Use Legal AI Tools
  A recent article on AI legal tools provides a reality check for law firms… Read more: 5 Practical Ways Lawyers Can Use Legal AI Tools
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  UK Greenlights LawFairy: The Deterministic Tech-Only Law Firm That Actually Follows the Rules (No Hallucinations Allowed)
  Forget probabilistic guesswork – this London outfit promises auditable, flight-simulator precision for rule-heavy work… Read more: UK Greenlights LawFairy: The Deterministic Tech-Only Law Firm That Actually Follows the Rules (No Hallucinations Allowed)
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  Lawyers Just Jacked Their Hourly Billing Rates to $3,400 — and Clients Are Saying “Thanks, That’ll Do Nicely”
  You know that moment when a client looks at a bill and just… nods? Christopher Clark, a litigator at a boutique law firm, got one of those last year, the WSJ reported. He’d hiked his rate to a once-absurd $3,000 an hour. The client’s reply? “Congratulations. That’s the highest we’ve seen.” A year earlier, $2,500 felt like the ceiling. Now it looks almost cute. According to Persuit’s latest billing data, senior partners at the biggest 50 firms pushed rates up an average 16% in 2025. Some are now openly quoting $3,400 an hour. And that’s before you get to the real outliers. In bankruptcy filings, Latham & Watkins and Kirkland & Ellis have partners clearing the $3,000 mark this year. Reuters reported in January that Susman Godfrey’s Bill Carmody and Neal Manne quietly set their 2026 rack rate at $4,000 an hour — up from $3,000 last year. (Lawfuel broke the same story and called it “Four Thousand an Hour Arrives in US Big Law Billing.”)
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  US Gunslingers Are Turning Our Courts Into a Bloody Mess – And Martyn Day Has Had Enough
  Martyn Day didn’t build Leigh Day into one of the most feared claimant firms in the country by playing nice. But even he’s raising an eyebrow at the American cavalry now thundering through the Royal Courts of Justice. “From my experience,” the Leigh Day co-founder told The Times this week, “American firms tend to be more aggressive.” “With the English firms, you know the lawyers… you can have sensible conversations with them and, where necessary, you can do deals and sort things out in a sensible, proper way.”
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  Mishcon de Reya – From Mandelson Brief to Battle Stations
  For the law firm managing the defence of Peter Mandleson — Mishcon de Reya — today’s arrest represents a decisive escalation. What began as a high-profile reputation management brief has become one of the most significant criminal defence instructions in the firm’s history. Mishcon de Reya was first reported to be representing Mandelson by The Lawyer earlier this month, with Johanna Walsh (pictured) head of the firm’s white-collar crime and investigations practice, leading the team. The choice of Walsh, recognised by Legal 500 as a first-tier practitioner in serious and organised crime and by Who’s Who Legal as a Global Leader in Investigations, signalled from the outset that Mandelson and his advisers anticipated criminal exposure well before today’s arrest.
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  Microsoft’s Copilot AI Read Your Confidential Emails — And Lawyers Should Be Paying Attention
  A security flaw that allowed Microsoft’s AI assistant to bypass privacy safeguards and summarise… Read more: Microsoft’s Copilot AI Read Your Confidential Emails — And Lawyers Should Be Paying Attention
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  Legal AI File – Harvey Recruits UK Legal Innovation Heavyweight Joe Cohen
  Legal AI heavyweight Harvey has snapped up one of the UK’s most recognisable legal innovation figures, hiring Joe Cohen from Charles Russell Speechlys as a legal innovation partner. Cohen joined Charles Russell Speechlys in 2023 after a high-profile stint at Dentons, where he served as head of innovation. At CSR, he built the firm’s Advanced Client Solutions team from a standing start to around 25 specialists and oversaw the rollout of Harvey itself. Which is either ironic or efficient, depending on your tolerance for legal tech symmetry.