United States: Corporate/Commercial Law

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Article
PE Investment In Law Firms: 6 Considerations As MSO Market Enters Next Phase
Private equity investment in law firms through management services organizations is attracting regulatory scrutiny as legislators establish boundaries around outside capital. Sponsors must navigate professional conduct rules, economic structures, and governance frameworks that differ fundamentally from traditional PE investments while building platforms designed for growth and eventual exit.
United States Commercial
SR
McDermott Will & Schulte
Article
Revenue vs. EBITDA: Choosing The Right Earnout Metric
When structuring an earnout in a middle-market M&A transaction, the choice between gross revenue and EBITDA as the underlying metric can determine whether the deal creates value or triggers post-closing disputes. Each metric measures fundamentally different aspects of financial performance and carries distinct legal and operational risks that both buyers and sellers must carefully navigate.
United States Commercial
BB
Beresford Booth
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Article
Beyond Grantmaking: Why Estate Planners Should Prepare Clients For The Next Generation Of Philanthropy
Estate planners can better serve clients by looking beyond traditional charitable giving to flexible philanthropic strategies that reflect clients' goals, values and desire for lasting impact across generations. The article explores how modern philanthropy extends beyond tax-deductible donations to include impact investments, giving circles, and mission-aligned business structures. Discover five practical ways estate planners can initiate more meaningful philanthropic conversations and draft documents that
United States Wealth Mgt
WL
Withers LLP
Article
Treasury Issues Temporary Regulations On Trump Accounts And Contributions
The U.S. Department of the Treasury and IRS recently issued temporary regulations that provide an immediately effective framework for establishing and administering “Trump Accounts,” including broad automatic enrollment and large-scale contributions funded by governmental and charitable donors. The regulations became effective September 30, 2026, apply to taxable years beginning on or after January 1, 2026, and expire September 30, 2029.
United States Employment
FL
Fennemore
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Article
BDC Facts & Stats 2026
Business development companies (BDCs) have become a critical financing source for private equity-backed small- and middle-market companies while offering investors attractive private credit exposure. As the BDC market matures, sponsors and investors are increasingly exploring alternative structures, joint ventures with institutional investors, and evolving co-investment arrangements. The regulatory landscape continues to shift with proposed SEC rulemakings that could expand retail access to private markets
United States Finance
MB
Mayer Brown
Article
PE Investment In Law Firms: 6 Considerations As MSO Market Enters Next Phase
Private equity investment in law firms through management services organizations is attracting regulatory scrutiny as legislators establish boundaries around outside capital. Sponsors must navigate professional conduct rules, economic structures, and governance frameworks that differ fundamentally from traditional PE investments while building platforms designed for growth and eventual exit.
United States Commercial
SR
McDermott Will & Schulte
Article
Federal Trade Commission's Expanded Remedy Framework For A Micromarket Kiosks Merger And What It Signals For Future Deals
The Federal Trade Commission's settlement of a merger between two leading micromarket kiosk providers combines structural divestitures with extensive software interoperability requirements, offering insights into how the agency evaluates deals and deploys behavioral remedies in highly concentrated markets. The order reveals enforcement priorities under the second Trump administration and provides a potential template for addressing vertical foreclosure concerns in technology-adjacent transactions.
United States Anti-trust
WR
Wiley Rein
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Article
Can AI Make Real-Money Gaming More Engaging, Secure, And Fair?
Enterprise AI creates legal risk throughout the AI lifecycle, beginning before deployment. Model selection, data pipelines, vendor relationships, AI-generated outputs, consequential decision-making, contracts, and governance can create intellectual-property, privacy, confidentiality, contractual, regulatory, and liability exposure. Artificial intelligence is rapidly reshaping real-money gaming, but its value proposition is inseparable from regulatory risk.
United States Media & IT
G
Gamma Law
Article
California Governor Signs SB 690, Limiting Private Right Of Action Under CIPA’s “Pen Register” And “Trap And Trace” Provisions
California Governor Gavin Newsom signed SB 690, amending the California Invasion of Privacy Act to restrict private plaintiffs from bringing pen register and trap and trace claims arising from web-based conduct. While this amendment aims to reduce the wave of private CIPA litigation targeting website tracking technology, businesses remain exposed to several major types of claims and enforcement mechanisms under CIPA and related statutes.
United States Privacy
CM
Crowell & Moring LLP
Article
The Privacy Patchwork Grows: Alabama, Louisiana, Oklahoma, And Vermont Join The Compliance Landscape
Alabama, Louisiana, Oklahoma, and Vermont have enacted comprehensive consumer privacy laws, adding to the growing patchwork of state privacy regulations. While these laws share a common framework with existing state privacy statutes, each contains distinct requirements regarding applicability thresholds, opt-out mechanisms, sensitive data processing, and enforcement provisions that businesses must navigate carefully.
United States Privacy
B
Benesch Friedlander Coplan & Aronoff LLP
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Article
Patents And University Spin-outs: Protecting Academic Innovation
Universities drive innovation across medicine, AI, materials, and clean tech, but academic researchers face a critical challenge: the need to publish conflicts with patent protection requirements for confidentiality. Understanding how to navigate publication deadlines, filing strategies, and IP development can determine whether groundbreaking research becomes a valuable commercial asset or loses protection entirely.
United States IP
JA
J A Kemp LLP
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