Company
Latham & Watkins is a global law firm offering legal services across corporate, finance, litigation, and regulatory practice areas for major corporate clients.
Kirkland & Ellis agreed this year to pay Palantir $500 million to build technology for its private equity fundraising advice, Business Insider reported. With Harvey saying it has users at 80% of the largest 100 firms, one consultant says the edge has to come from what the models know.
Reality
Astra for Law is GPT-6 Astra with a legal search index and analysis instructions wrapped around it. OpenAI will also sell that index through an API to Harvey and Legora, at a price it has not published.
Reality
The legal toolkit ships as its own entry in the ChatGPT model picker and its own API string. Firms weighing it against retrieval stacks they already built still have no price to compare.
Perspective Coverage
3 publishersReality
The Commission would let companies elect semiannual filing on a newly created Form 10-S. The work that election creates for disclosure controls and guidance practice starts long before the rules take effect.
Reality
Land-use and energy lawyers in the United States are rebuilding their practices around data-center opposition, and the fight continues after the permit is granted, in nuisance suits over cooling noise.
Reality
The $15.5 billion price works out near 39 times annual recurring revenue above $400 million, and it rests on a margin claim Harvey has not quantified: that tuning Kimi K3 beats paying OpenAI per call.
Reality
The $15.5bn valuation is 38.75 times the $400m of annual recurring revenue Harvey disclosed, and the in-house model meant to defend that price is post-trained on a Beijing lab's open weights rather than on backer OpenAI's.
Reality
The $550mn round at $15.6bn gets the attention, but Harvey's fourth acquihire of the year bought a team whose product is testing how agents behave across a long run nobody watched. That is the part a buyer can use.
Reality
Self-reported deal value tells you where mandates are pooling, not what the fees were. The more useful figure in Semafor's reporting is the clock: work that took three to six months now closes in three weeks.
Reality
The long Linux ownership fight ends on an accrual rule rather than on ownership: the panel called IBM's 2001 taking a one-time event, so the clock closed years before the 2021 filing.
Reality
Latham & Watkins asked, and the SEC's structured finance staff agreed. The answer landed a fortnight before Nvidia's $500bn financing announcement, and it carries no legal force.
Reality