Effective July 1, 2026, the minimum wage rate for the Los Angeles metropolitan area will increase to $18.42. Los Angeles employers are accustomed to minimum wage increases based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the Los Angeles metropolitan area, which is published by the Bureau of Labor
Markets have recently been experiencing heightened volatility and credit availability has tightened, which has placed valuation practices under unusual pressure from regulators and investors. The events of the past several years, including rising interest rates, geopolitical turmoil and the impacts of artificial intelligence tools, among other issues, have amplified the inherent challenges of valuing illiquid
On December 11, 2025, President Trump signed Executive Order 14365, “Ensuring a National Policy Framework for Artificial Intelligence” (the “EO”). The order identifies “excessive state regulation” as an obstacle to the Administration’s policy of “sustain[ing] and enhanc[ing] the United States’ global AI dominance through a minimally burdensome national policy framework for AI” (the “AI
On March 20, 2026, the White House announced a comprehensive national legislative framework (the “Framework”) that tracks with its December 2025 AI Preemption Executive Order and its July 2025 AI Action Plan and takes aim at hot-button AI policy topics such as child safety and privacy, AI training and copyright, liability protections and preemption of state
Use of technology referred to as “artificial intelligence” is fast finding its way into many aspects of commercial life. Registered investment advisers are no exception as AI tools are already being used for screening and research, portfolio construction, trading and drafting client communications. As advisers integrate these tools into their investment processes, they face a
As has been widely reported, digital infrastructure has become one of the fastest growing investment structures in recent years, most recently driven by the explosion in demand from firms in the artificial intelligence (AI) industry. This in turn has led to unprecedented needs for capex spending for the construction, expansion and upgrading of data centers,
Private credit has spent a decade rising from niche alternative to central pillar in global finance. It has become a multi-trillion-dollar engine of corporate lending, infrastructure finance, asset-based credit, specialty finance, and opportunistic capital. While financial regulators have so far taken a relatively hands-off approach, elements of the market and the financial press have raised
If we had to define the mood for 2026 in three words, we would choose alert, intentional and institutional. After several years of normalizing longer hold periods and navigating evolving regulatory frameworks, 2026 will see managers permanently vigilant – vigilant in pursuing value creation theses, identifying exit opportunities and embedding robust governance structures to mitigate
For the first time, the California Labor and Workforce Development Agency (“LWDA”) has proposed regulations concerning the administrative processes and review requirements of Labor Code Private Attorneys General Act of 2004 (“PAGA”).
Key Provisions
The proposed regulations, if finalized as written, include the following noteworthy provisions:
Courts issued two seemingly conflicting rulings on whether AI generated materials are protected. Heppner (S.D.N.Y.) found that documents created with a consumer version of Claude AI were not privileged or work product because the tool exposed data to a third party provider. Warner (E.D. Mich.) reached the opposite result the same day on different facts,