Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

It was a rough first quarter for the largest alternative asset managers that drive many top law firms’ finances. Regardless, Big Law powered through with one of its strongest quarters in recent memory.

A new power center built around the fight over artificial intelligence is taking shape in Washington. It involves the world’s wealthiest companies, an army of lobbyists, and hundreds of millions of dollars to set the rules that will determine who builds, controls, and profits from AI.

McDermott Will & Schulte has let go of more than a dozen associates nearly a year after it completed its merger, say people familiar with the situation.

The US Justice Department will ask the Supreme Court to let it intervene in President Donald Trump’s appeal of the $83.3 million jury verdict against him in a defamation suit brought by former Elle magazine advice columnist E. Jean Carroll.

Google has proposed changes to how it displays news results across its search engine in a bid to avoid adding to its €9.5 billion ($11.2 billion) running total of European Union competition fines.