Law Firms — Biglaw insider trading scheme widens as California proposes mandatory AI verification rules and Pinsent Masons creates dedicated AI adoption C-suite role

Law Firms · 2026-05-08

TODAY'S SIGNAL — Three distinct but interconnected forces are reshaping law firm risk, compliance, and operations simultaneously. The widening Biglaw insider trading scandal — now implicating associates and counsel at Sidley, Latham, Goodwin, Weil, DLA Piper, Willkie, and Wachtell — is the most consequential reputational and compliance event to hit elite M&A practices in years, forcing firms to…