Legal Exchange: Insights & Commentary

Innovative Boutiques Offer Better Value Than Traditional Big Law

In an era of shrinking budgets and rising complexity, smart general counsel should rethink how they engage legal services. The solution is matching the right work to the right kind of firm.

Hostile M&A Activity Could Spur Comeback of Takeover Defenses

Massive surprise offers by activist investors for competitor companies in 2025 reminded businesses seeking to protect themselves from hostile takeovers to look back at almost-forgotten defenses.

Stablecoin Accounting Treatment Requires More Than Semantics

The debate over the accounting treatment of stablecoins matters not only to companies, accountants, and auditors, but also to investors, regulators, and markets. Clear financial reporting underpins investor confidence and financial stability by extension.

Private Credit’s Boom Means Fund Managers Should Review Controls

Private credit funds should bolster their compliance programs, with a particular focus on valuation practices, conflict management frameworks, and underwriting standards.

Anthropic Settlement Resets Balance of Power for Content Creators

Anthropic’s $1.5 billion settlement agreement with content creators revealed how the balance of power has shifted away from AI companies attempting to collect data, even when they have favorable legal precedent.

Professional Perspectives give authors space to provide context about an area of law or take an in-depth look at a topic that could benefit their practice.

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

If law firms really want to develop an AI tool that can independently write a memo or a brief, they’ll need to create their own custom AI tools trained on the mountains of proprietary information at their fingertips. That’s according to Yale law professor Scott Shapiro, who joined our podcast, On The Merits.