The European Parliament approved the Artificial Intelligence Act on Wednesday by an overwhelming majority, establishing for the first time a comprehensive set of ground rules on AI. The landmark law, which adopts a risk-based approach to regulate AI, passed with 523 votes in favor, 46 against and 49 abstentions.

We hope you enjoy this excerpt from Litigation Daily, the exclusive source for sharp commentary on mega court battles, winning strategies and the issues that obsess elite litigators. Law.com subscribers can sign up for the The AmLaw Litigation Daily newsletter here. Anyone else can click here to subscribe. Chief U.S. District Judge Richard Seeborg of the Northern…

The practice of designation is a well-established system in the private equity world, with lawyers who advise private equity sponsors also helping decide which lawyers the banks appoint on transactions. Despite drawing the attention of regulators and being described as “odd” and “controversial” by market commentators, the model is routinely used by…

Paris and Abu Dhabi. These—we learned earlier this month—are the locations in which A&O Shearman’s two most senior leaders will be based once the firm launches in May. For a merger between a predominantly U.S. and a U.K. firm, this is significant. It definitively puts to rest any lingering notion…

After several years of aggressive growth for O’Melveny & Myers, which added 46 lateral partners between 2021 and 2022 and posted a 12.4% increase in gross revenue in 2022, financial performance dipped in 2023 with a 3.6% decrease in revenue. The firm continued adding head count, a factor that contributed…

Two former employees of the now-defunct news website The Messenger filed an employment action this week against the site’s parent company, JAF Communications, and its former owner alleging breaches of their employment contracts and violations of labor law after the company refused to issue the pair’s severance payments. Plaintiffs Neil Sloane and…