Keep your finger on the legal world's pulse

Legal artificial intelligence company Harvey has announced a partnership with The Legal Tech Fund to invest in legal tech startups. Harvey CEO Winston Weinberg emphasized the goal of supporting the legal tech ecosystem, saying that the company aims to collaborate with startups that are “really focused on a particular domain to do some pretty amazing things, or particular use case.” Harvey will also seek to partner with startups to cater to client needs that it doesn't plan to address on its own. “We definitely are going to work on a broader partnership plan, because we've partnered with a lot of legacy legal tech, but we haven't done as many partnerships with legal AI startups, and we want to do more of those,” Weinberg said.

 

Law

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AI is increasing the speed, density and complexity of work rather than reducing it, according to an analysis of 164,000 workers’ digital work activity by workforce analytics and productivity-tracking software company ActivTrak. The data covers more than 443 million hours of work across 1,111 employers, making it one of the biggest studies of AI’s effects on work habits to date, the Wall Street Journal reports. “It’s not that AI doesn’t create efficiency,” observed Gabriela Mauch, ActivTrak’s chief customer officer. “It’s that the capacity it frees up immediately gets repurposed into doing other work, and that’s where the creep is likely to happen.”

 

Wall Street Journal

McKinsey is rushing to fix flaws in an in-house AI system after hackers - who acted without malicious intent - gained access to millions of its internal messages and were able to identify sensitive files. Researchers at red-team security startup CodeWall say their AI agent hacked McKinsey's internal AI platform and gained full read and write access to the chatbot in just two hours. "We used a specific AI research agent to autonomously select the target, it did this without zero human input," CodeWall CEO Paul Price told The Register. "Hackers will be using the same technology."

 

Financial Times

The Register

Senior Justice Department official Ed Martin faces allegations of misconduct from the Office of Disciplinary Counsel in Washington - the enforcement arm for the local DC Bar. The office alleges that Martin - a staunch ally of President Donald Trump - violated ethics rules in early 2025 by making threats against Georgetown University Law Center for its practices related to diversity, equity and inclusion (DEI). At the time, Martin was serving as the interim U.S. attorney in the District of Columbia. “Acting in his official capacity and speaking on behalf of the government, he used coercion to punish or suppress a disfavored viewpoint, the teaching and promotion of ‘DEI,’” the office claimed.

 

Bloomberg

A federal appeals court has ordered the termination of the Saving on a Valuable Education (SAVE) repayment plan, a Biden administration initiative designed to lower student loan payments for millions of borrowers. The U.S. Court of Appeals for the 8th Circuit reversed a lower court decision that had dismissed a Republican-led legal challenge to the program, effectively ending the plan. The SAVE program, launched in 2023 and promoted as the most affordable repayment option for federal student loans, had reduced monthly payments for many borrowers. More than 7 million borrowers were enrolled in the plan before it was halted by ongoing legal challenges. During the court battles, those borrowers were placed in forbearance, meaning they were not required to make payments, though interest has continued to accrue since August. Education Department officials said guidance will soon be issued on how borrowers can transition to other repayment options.

 

CNBC

The U.S. Commodity Futures Trading Commission is calling for public comment ahead of a regulatory proposal ​it said would shape government oversight of the burgeoning market for ‌events contracts and prediction markets.  Reuters notes that the agency has weighed regulating prediction markets for nearly two decades.  It is fighting for jurisdiction with state gaming regulators who say they have oversight over such markets because ​the wagers are essentially tantamount to traditional gambling.

 

Reuters

Reuters reports on a ​growing industry of ex-military and national security advisors who are helping Wall Street firms identify imminent military action. Around 6 p.m. ET on the day before U.S.-Israeli air strikes killed Iran's Supreme Leader on Saturday February 28, for example, geopolitical risk consultancy WestExec Advisors advised clients that there was a 65% probability of military action that weekend, said its managing partner Nitin Chadda. "What you're really seeing from the financial industry is ​how national security and economic security have been merging over the last few years, and that is accelerating," observed Amy Mitchell, founding partner at geopolitical consultancy Kilo Alpha Strategies.

 

Reuters

Skadden has added a pair of partners from Paul Hastings to boost its private credit and restructuring bench. Scott Heard, who previously spent nearly eight years at Paul Hastings, will lead the private credit practice in New York, focusing on complex financial arrangements. Matthew Murphy, returning to Skadden after 15 years at Paul Hastings and DLA Piper, will work in Chicago, advising on insolvency-related transactions. Jeremy London, Skadden's executive partner, emphasized that the combination of Heard's lender advisory experience and Murphy's restructuring expertise will provide "full-scale solutions" for clients facing financial challenges.

 

Bloomberg Law

The Global Legal Post

Law

Milan Devani has been appointed as the global Chief Information Officer (CIO) at Kennedys, succeeding Paul Brotzel, who departed in November. With 26 years of experience at Baker McKenzie, including 14 years as director of global infrastructure, Devani has been brought onboard to enhance Kennedys' legal technology operations. His responsibilities will include modernizing IT platforms and strengthening information security. Devani said: “Technology in the legal sector is at a transformative stage, and I look forward to evolving Kennedys’ technology strategy at this pivotal moment for legal innovation.”

 

The Global Legal Post

Hong Kong plans to expand its "name-and-shame" regime for sloppy listing applications to include law firms and auditors. Under a new Enhanced Return Mechanism proposed by Hong Kong Exchanges & Clearing Ltd, all professional parties involved in a deal will be publicly identified if a listing application is rejected for being "not substantially complete." The exchange seeks to compel more rigorous due diligence before filings ever reach the regulator by including legal and accounting advisers in the public record of failed applications.

 

Bloomberg

A spokesperson at the Department of Energy has said staff were ⁠responsible for a quickly-deleted post on Energy Secretary ​Chris Wright's official X account that had ‌incorrectly stated that the U.S. Navy ‌had escorted an oil tanker through the Strait ⁠of Hormuz. "A video clip was deleted from Secretary Wright's official X account ⁠after it was determined to be incorrectly captioned by Department ⁠of Energy staff," a department spokesperson told Reuters in an emailed statement. The post had raised hopes in the global oil industry of resumed oil and gas shipments through the crucial waterway.

 

U.S. News