President Trump issues an executive order suspending security clearances and restricting federal access for Paul Weiss law firm, marking a notable escalation in actions against major U.S. law firms.
Perkins Coie sues the Trump administration over an executive order that it says unlawfully strips security clearances, cancels federal contracts, and threatens its business.
Wall Street banks outline new AI risks including software hallucinations and cybercrime, emphasizing the need for robust governance to navigate these challenges.
US law firms are adjusting their hiring strategies, reducing summer associate roles and recruiting earlier to secure top talent, amidst economic fluctuations.
The U.S. Treasury has suspended enforcement of the Corporate Transparency Act, exempting domestic businesses from reporting ownership data while targeting foreign entities.
Meta, Adobe, and Airbnb warn investors about compliance costs and legal risks under the EU AI Act, which imposes strict regulations on AI systems with hefty fines for violations.
