Happy Friday!
“Patently unreasonable.” That’s how a federal judge described a named partner’s $3,000 hourly rate this week, cutting it to $1,600 in a $68 million privacy settlement.
Your rate letters won't come with a judge attached. Before you approve next year's increases:
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Benchmark like for like. A firm can be competitive on partners and expensive on associates.
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Set the terms for next time: once a year, capped, in writing with a reason.
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Know which firms are worth the premium, and write down why.
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Move the routine work. Standard agreements, policy updates and entity management rarely need an outside counsel price tag.
That last one is where flexible legal talent comes in. This two-minute walkthrough shows which work it suits, and which to keep with your firm:
— Pieter Gunst
CEO & Co-Founder, Legal.io
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College basketball players across more than 17 Division I teams that prosecutors say "Sugar" Shane Hennen and a partner bribed to underperform, as Hennen pleaded guilty this week.
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In-house legal teams Harvey says it works with, as it launches Intake, a front door that routes incoming legal requests to the right lawyer or agent.
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Time it takes AI-native firm Omnilex to turn a term sheet into draft documents, says its new US managing partner, against a typical 48-hour turnaround.
📰 Industry Snapshot
Microsoft launches legal skills within Copilot, furthering move into legal tech
Copilot for Legal brings 20+ legal skills into Word and Cowork, from contract review to matter governance. It replaces the legal agent Microsoft launched in April, after Robin AI’s tech team joined the company.
The most innovative law schools (2026)
PreLaw Magazine's list names 20 schools rethinking how students learn and enter the profession, from Berkeley to Purdue Global. Its take: innovation means more than adding an AI elective.
As corporate risks converge, CLOs are taking on bigger mandates
Government affairs, public policy and corporate affairs are moving under the chief legal officer at a growing number of companies. Boards want one executive for risks that are now legal, political and reputational at once.
Law firms are feeding their secret sauce into AI
After two years buying the same tools as everyone else, big firms are building on what only they know. Morgan & Morgan says it will spend $1 billion over the next decade on the effort.
Cybersecurity incident disrupts federal bankruptcy courts
A breach at BAE Systems took the Bankruptcy Noticing Center offline, along with other court sites a BAE subsidiary runs for the judiciary. The courts' administrative office is working with the company to restore service.
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