As 2025 comes to a close, I’ve been thinking about the year the way many of my founder clients do: not as a clean sequence of quarters, but as a series of shocks, reversals, and reinventions that forced all of us to adapt in real time. It was a year that felt like five compressed
Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from December 18-24:
Multistate
On December 18, 2025, the Fiscal Year 2026 National Defense Authorization Act (FY 2026 NDAA) (P.L. 119-60) was signed into law. The Act makes significant changes to defense acquisition, sourcing restrictions, and interactions between the Defense Industrial Base (DIB) and the Department of Defense (DOD).
In its recently published FY 2025 Annual Report (Report), the Civilian Board of Contract Appeals (CBCA) provided detailed statistics about appeals involving disputes between contractors and civilian agencies. This past year, the civilian agencies with the highest number of docketed claims at the Board were the Department of Veterans Affairs (70 appeals), the United States
https://medium.com/media/56841b21bf228e841d64486001ca986c/hrefLaurie Yoler led a candid discussion with Jessica Denecour, Louis Lehot, Logan McDougal, and Brian M. Wong on how the board evaluation process is evolving, and why board “effectiveness” must now be treated as a strategic priority rather than a procedural requirement.It was clear from the discussion that board evaluations are no longer a
As fiscal year (“FY”) 2025 closes, both the Armed Services Board of Contract Appeals (“ASBCA”) and Civilian Board of Contract Appeals (“CBCA”) released their annual reports. Together, the two reports provide a useful snapshot of case volumes, outcomes, agency trends, and procedural developments. We break down the findings and, most importantly, what they mean for
Foley Event Key Takeaways- Ready for Anything: Preparing for IPOs, SPACs, and Unexpected Capital Market ShiftThis article originally appeared on Foley on December 4, 2025: Foley Event Key Takeaways- Ready for Anything: Preparing for IPOs, SPACs, and Unexpected Capital Market ShiftFoley & Lardner, Protiviti and SS&C Intralinks recently hosted an event in Foley’s Silicon Valley office
Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from November 27-December 3:
Multistate
Friends,In last month’s newsletter, we discussed how Silicon Valley saw venture funding climb to $95.6 billion, marking four straight quarters of growth, with artificial intelligence (AI) dominating more than half of all capital and decacorns attracting nearly a third of funding. Meanwhile, direct venture secondaries surged as General Partner-led (GP) deals lagged, and sovereign
Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from November 20-26, 2025:
Multistate