Netflix, Warner Bros. Lawyer Up as Paramount Battle Looms

The country’s top law firms are guiding the $72 billion deal for Netflix Inc to buy Warner Bros., as well as representing spurned suitors that appear to be spoiling for a fight.

Rosen Law Hit With Fee Sanction for ‘Groundless’ Investor Suit

The Rosen Law Firm PA, known for representing investors in securities litigation, got hit with a sanctions order for filing a “groundless” initial complaint against Harbor Diversified Inc., the parent of a Wisconsin regional airline.

Partnership-Basis Rule Rollback Is Under White House Review

Plans by the IRS to revoke regulations on reporting of partnership-related basis-adjustment transactions are now under White House regulatory review.

Top Lawyer Faces Rare Losses Defending Trump’s US Attorney Picks

A longtime Justice Department attorney and former solicitor general of Florida faces an uphill battle defending how the Trump administration elevated loyalists to top US attorney posts.

Elite Shareholder Suits Firm’s Nasty Divorce Comes at Tough Time

The messy exit of a group of lawyers from Manhattan’s Bernstein Litowitz comes as the firm known for taking on corporate giants faces new challenges to its business model.

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Every Law Firm Should Build Their Own AI, Yale Professor Says

Wachtell Has Its Fingerprints All Over Delaware Law Changes

King & Spalding 2,400 Hour Rule Is Just the Norm, Recruiter Says

Ex-Skadden Partner Talks Taking on Trump With New Solo Firm

Bloomberg Law M&A League Tables

Latham & Watkins topped Wachtell and Kirkland & Ellis to lead the Bloomberg Law league tables through the third quarter.

Latham, Wachtell Lead M&A Dealmakers as Mega Boom Boosts Firms

Latham & Watkins strengthened its grip on the top spot among Big Law’s M&A advisers in a third quarter boosted by record large deals.

The $225,000 Starting Salary: How Big Law Associates Make Bank

Big law associates work long days to meet annual targets of around 2,000 billable hours. Why do they do it? The financial rewards are substantial: starting salaries at top tier law firms begin at $225,000 annually. And that's not including lucrative year-end and special bonuses. In this video, we explain the system at the heart of Big Law's big paydays for its junior lawyers.

From Across Bloomberg Law

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Musk’s SpaceX Eyes Record $800 Billion Valuation in Sale (1)

SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable closely held company.

Polymarket Is Struggling With a $59 Million Bet About Itself

Traders bet more than $59 million on whether Polymarket would launch its US platform before the end of the year. But a question meant to produce a simple yes-or-no answer has exposed a deeper problem: prediction markets built to resolve uncertainty may struggle with it themselves.

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