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K&L Gates LLP

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uuid0003x4h

Namestring
K&L Gates LLP
Legal namestring
K&L Gates LLP
Websiteurl
klgates.com
Company typeenum
Private
Founded yearint
2005
Descriptiontext

K&L Gates LLP is a global law firm formed in 2005 through the merger of Kirkpatrick & Lockhart (with roots dating to the 1880s) and Gates & Ellis (established in the 1940s), operating today as an integrated international legal platform with approximately 42 offices across the United States (20), Europe, the Middle East, Asia, Australia, and South America. The firm serves three primary customer segments: multinational corporations, government and public entities, and financial institutions and investors, providing comprehensive legal services across corporate/M&A, litigation, energy, financial services, intellectual property, government affairs, and emerging areas including AI governance and data center infrastructure. K&L Gates is recognized with 28 practice rankings in Chambers Global 2026 across 17 jurisdictions and nearly 40 practice rankings in Legal 500 EMEA 2026.

The firm's core product is professional legal services delivered through partner-led client relationships, with billing structures including hourly rates (e.g., partner rates up to £1,100/hour in London), fixed fees, and contingent arrangements depending on matter type. K&L Gates has invested substantively in AI tooling, deploying Legora as its primary AI platform firm-wide alongside Westlaw Precision AI, Vincent, and Microsoft 365 Copilot for legal research, drafting, and contract review. The firm achieved ISO/IEC 42001:2023 certification for its AI Management System (one of the first major law firms globally), maintains ISO 27001 and ISO 27701 certifications, and created a Global AI and Innovation Partner role to coordinate AI strategy, governance, and workflow automation across the platform. Revenue is not publicly disclosed; headcount of 1,001–5,000 and the firm's positioning within the Am Law 100-tier imply annual revenue in the $1B–$5B range, though the firm operates through a partnership structure with no external equity ownership.

Short descriptiontext

K&L Gates LLP is a global law firm with approximately 42 offices across the US, Europe, Asia, Australia, the Middle East, and South America, serving multinational corporations, governments, and financial institutions with full-service legal counsel spanning corporate, litigation, energy, finance, IP, and AI governance.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersPittsburgh, United States
HQ citystring
Pittsburgh
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices45 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
global legal services, corporate law advisory, litigation and dispute resolution, mergers and acquisitions, cross-border legal counsel
Industry1 code
1Mergers & Acquisitions (M&A) & Securities Law
CodeBPAHAAAIPrimaryYes
NAICS code3 codes
  • Offices of Lawyers54111
  • Legal Services5411
  • Offices of Lawyers541110
SIC code1 code
  • Services-Legal Services8111
Product category
Legal Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Legal Services - Professional Services
TypeProfessional Services
Description

K&L Gates generates revenue primarily through billable legal services rendered to corporate, government, and individual clients across multiple practice areas including corporate/M&A, litigation, energy, financial services, and intellectual property

klgates.com
2Fixed Fee and Contingent Arrangements
TypeProfessional Services
Description

Standard legal billing includes hourly rates, fixed fees for specific services, and contingency arrangements depending on matter type. London office publishes indicative pricing for employment tribunal matters

klgates.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Pricing details1 tier
1Employment Tribunal Defense - Simple Unfair Dismissal Case
ModelOtherBilling cadenceMulti-year contract
Notes

Typically charges £50,000 plus VAT and disbursements. Hourly rates: Partners at £1,100/hour, Special Counsel at £595/hour, Associates at £410/hour (all plus VAT)

klgates.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

K&L Gates LLP is a global law firm providing comprehensive legal services across corporate/M&A, litigation, energy, financial services, intellectual property, regulatory compliance, and government affairs. The firm operates through more than 40 offices in the United States, Europe, the Middle East, Asia, Australia, and South America, serving multinational corporations, governments, and financial institutions through relationship-based, partner-led engagements.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Achieved ISO/IEC 42001:2023 certification for AI management system, becoming among the first major law firms globally to earn this credential
+2 more records
Product overview1 text field

K&L Gates LLP is a global law firm operating as a single integrated legal services offering rather than a modular software product. The firm has deployed AI tools including Legora as its primary AI platform, alongside Westlaw Precision AI, Vincent, and Microsoft 365 Copilot for legal research, drafting, and contract review. The firm's AI operations are coordinated through an AI Solutions Group and AI Training Alliance, with governance overseen by the newly created Global AI and Innovation Partner role. K&L Gates' legal services span over 200 practice areas across corporate, litigation, energy, finance, intellectual property, and regulatory compliance disciplines.

Product and service1 record
1Corporate and M&A Legal Services
CategoryCorporate Law
Description

Legal counsel on corporate transactions, mergers, acquisitions, joint ventures, and capital markets activities for multinational corporations and institutional clients across multiple jurisdictions.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
Strategic tierMinorTypeOthers
Description

K&L Gates engaged by Argent LNG to lead regulatory filings with FERC (Federal Energy Regulatory Commission) and DOE (Department of Energy) for LNG project development

Strategic tierCoreTypeOthers
Description

Advised Vietnam Airlines on US$8 billion aircraft purchasing agreement with Boeing for 50 Boeing 737-8 narrow-body aircraft, including contractual provisions covering delivery, delay, performance, termination scenarios, liability limitations, and regulatory approvals

Strategic tierCoreTypeOthers
Description

Acted as legal adviser to co-lead investor Blackbird Ventures in Gilmour Space Technologies' Series E capital raise. Round jointly led by Blackbird and Australian Government's National Reconstruction Fund Corporation

Strategic tierMinorTypeOthers
Description

Advised American Maritime Partnership on defense of Jones Act constitutional challenge

Strategic tierMinorTypeOthers
Description

Represented Netgear in federal lawsuit against scammers who were impersonating company employees and selling fake support packages; obtained judgment exceeding $860,000 with funds traced to accounts in India

Strategic tierMinorTypeOthers
Description

Served as legal counsel to St. Cloud Capital for growth capital investment in Business Processing Solutions LLC

Strategic tierMinorTypeOthers
Description

Represented Midas Green Technologies in patent dispute before USPTO; secured win when Acting USPTO Director terminated IPR proceeding against the company

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Jones Day is one of the largest US-based global law firms with a similarly broad domestic platform and significant international presence. It directly competes with K&L Gates in M&A, litigation, energy, IP, and government regulation.

TypeDirect peer
Description

Cleary Gottlieb is a top global law firm with elite M&A, capital markets, and international dispute resolution practices. It is a benchmark competitor in cross-border corporate advisory where K&L Gates also competes.

TypeDirect peer
Description

DLA Piper is a global full-service law firm with a comparable multi-continent platform and a similar mix of corporate, finance, litigation, and regulatory practices. It directly overlaps with K&L Gates in cross-border M&A, technology, energy, and government affairs work.

TypeDirect peer
Description

White & Case is a leading global law firm with deep cross-border M&A, finance, and energy practices and a strong emerging markets presence. It is a direct competitor to K&L Gates in large international transactions, project finance, and arbitration.

TypeDirect peer
Description

Sidley Austin is a premier global law firm with strong corporate, finance, healthcare, and litigation practices and a notable Asia-Pacific presence. It overlaps with K&L Gates in cross-border M&A, asset management, and regulatory matters.

TypeDirect peer
Description

Hogan Lovells is a top-tier global law firm combining US and UK/international capabilities, with particularly strong practices in energy, life sciences, and government regulatory matters. It competes with K&L Gates across M&A, energy regulation, and cross-border corporate advisory.

TypeDirect peer
Description

Skadden is a top global law firm renowned for M&A, capital markets, and litigation work for large corporate clients. It competes with K&L Gates for premium cross-border corporate transactions and high-stakes litigation.

TypeDirect peer
Description

Kirkland & Ellis is the largest law firm in the world by revenue and a dominant force in private equity, M&A, and litigation. While it skews more toward PE, it competes with K&L Gates in large corporate and transactional work.

TypeDirect peer
Description

Latham & Watkins is a top US-headquartered global law firm with leading M&A, capital markets, and litigation practices. It competes with K&L Gates for high-end corporate and finance mandates and is a key rival for top lateral talent.

TypeDirect peer
Description

Baker McKenzie is the world's largest law firm by headcount and revenue, with a similarly extensive global footprint spanning the Americas, EMEA, and Asia-Pacific. It competes head-to-head with K&L Gates for cross-border corporate, M&A, and finance mandates for multinational clients.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers10 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI capability4 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

K&L Gates LLP

Legal Servicesklgates.com

K&L Gates LLP is a global law firm with approximately 42 offices across the US, Europe, Asia, Australia, the Middle East, and South America, serving multinational corporations, governments, and financial institutions with full-service legal counsel spanning corporate, litigation, energy, finance, IP, and AI governance.

What K&L Gates LLP does

K&L Gates LLP is a global law firm formed in 2005 through the merger of Kirkpatrick & Lockhart (with roots dating to the 1880s) and Gates & Ellis (established in the 1940s), operating today as an integrated international legal platform with approximately 42 offices across the United States (20), Europe, the Middle East, Asia, Australia, and South America. The firm serves three primary customer segments: multinational corporations, government and public entities, and financial institutions and investors, providing comprehensive legal services across corporate/M&A, litigation, energy, financial services, intellectual property, government affairs, and emerging areas including AI governance and data center infrastructure. K&L Gates is recognized with 28 practice rankings in Chambers Global 2026 across 17 jurisdictions and nearly 40 practice rankings in Legal 500 EMEA 2026.

The firm's core product is professional legal services delivered through partner-led client relationships, with billing structures including hourly rates (e.g., partner rates up to £1,100/hour in London), fixed fees, and contingent arrangements depending on matter type. K&L Gates has invested substantively in AI tooling, deploying Legora as its primary AI platform firm-wide alongside Westlaw Precision AI, Vincent, and Microsoft 365 Copilot for legal research, drafting, and contract review. The firm achieved ISO/IEC 42001:2023 certification for its AI Management System (one of the first major law firms globally), maintains ISO 27001 and ISO 27701 certifications, and created a Global AI and Innovation Partner role to coordinate AI strategy, governance, and workflow automation across the platform. Revenue is not publicly disclosed; headcount of 1,001–5,000 and the firm's positioning within the Am Law 100-tier imply annual revenue in the $1B–$5B range, though the firm operates through a partnership structure with no external equity ownership.

K&L Gates LLP firmographics

Firmographics
Name
K&L Gates LLP
Legal name
K&L Gates LLP
Website
https://klgates.com
Company type
Private
Founded year
2005
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
K&L Gates LLP is a global law firm with approximately 42 offices across the US, Europe, Asia, Australia, the Middle East, and South America, serving multinational corporations, governments, and financial institutions with full-service legal counsel spanning corporate, litigation, energy, finance, IP, and AI governance.
Ownership category
akta.pro rank

K&L Gates LLP industry classification

Industry
Product category
Legal Services
NAICS
Offices of Lawyers (54111), Legal Services (5411), Offices of Lawyers (541110)
SIC
Services-Legal Services (8111)
akta.pro primary industry
Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI)

Keywords

  • Global legal services
  • Corporate law advisory
  • Litigation and dispute resolution
  • Mergers and acquisitions
  • Cross-border legal counsel

Where K&L Gates LLP is headquartered

Location

Headquarters

HQ city
Pittsburgh
HQ country
United States
HQ region
North America

Offices45 records

Markets served

K&L Gates LLP business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Legal Services - Professional Services: K&L Gates generates revenue primarily through billable legal services rendered to corporate, government, and individual clients across multiple practice areas including corporate/M&A, litigation, energy, financial services, and intellectual property
  2. Fixed Fee and Contingent Arrangements: Standard legal billing includes hourly rates, fixed fees for specific services, and contingency arrangements depending on matter type. London office publishes indicative pricing for employment tribunal matters

Pricing tiers

ModelBillingPrice
OtherMulti-year contractEmployment Tribunal Defense - Simple Unfair Dismissal Case

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

K&L Gates LLP product offering

Product offering

Core offering

K&L Gates LLP is a global law firm providing comprehensive legal services across corporate/M&A, litigation, energy, financial services, intellectual property, regulatory compliance, and government affairs. The firm operates through more than 40 offices in the United States, Europe, the Middle East, Asia, Australia, and South America, serving multinational corporations, governments, and financial institutions through relationship-based, partner-led engagements.

Product overview

K&L Gates LLP is a global law firm operating as a single integrated legal services offering rather than a modular software product. The firm has deployed AI tools including Legora as its primary AI platform, alongside Westlaw Precision AI, Vincent, and Microsoft 365 Copilot for legal research, drafting, and contract review. The firm's AI operations are coordinated through an AI Solutions Group and AI Training Alliance, with governance overseen by the newly created Global AI and Innovation Partner role. K&L Gates' legal services span over 200 practice areas across corporate, litigation, energy, finance, intellectual property, and regulatory compliance disciplines.

Differentiator

Problem solved

Functional benefit

Products and services

  • Corporate and M&A Legal Services Legal counsel on corporate transactions, mergers, acquisitions, joint ventures, and capital markets activities for multinational corporations and institutional clients across multiple jurisdictions.

Quantifiable outcome

  • Achieved ISO/IEC 42001:2023 certification for AI management system, becoming among the first major law firms globally to earn this credential
  • +2 more outcomes

Companies that use K&L Gates LLP

Customer profile

Named customers10 records

Segments3 records

Ideal customer profiles3 records

K&L Gates LLP technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature3 records

K&L Gates LLP partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered minor and core.

  • Argent LNGminorOthersK&L Gates engaged by Argent LNG to lead regulatory filings with FERC (Federal Energy Regulatory Commission) and DOE (Department of Energy) for LNG project development
  • Vietnam AirlinescoreOthersAdvised Vietnam Airlines on US$8 billion aircraft purchasing agreement with Boeing for 50 Boeing 737-8 narrow-body aircraft, including contractual provisions covering delivery, delay, performance, termination scenarios, liability limitations, and regulatory approvals
  • Blackbird VenturescoreOthersActed as legal adviser to co-lead investor Blackbird Ventures in Gilmour Space Technologies' Series E capital raise. Round jointly led by Blackbird and Australian Government's National Reconstruction Fund Corporation
  • American Maritime PartnershipminorOthersAdvised American Maritime Partnership on defense of Jones Act constitutional challenge
  • Netgear Inc.minorOthersRepresented Netgear in federal lawsuit against scammers who were impersonating company employees and selling fake support packages; obtained judgment exceeding $860,000 with funds traced to accounts in India
  • St. Cloud CapitalminorOthersServed as legal counsel to St. Cloud Capital for growth capital investment in Business Processing Solutions LLC
  • Midas Green Technologies LLCminorOthersRepresented Midas Green Technologies in patent dispute before USPTO; secured win when Acting USPTO Director terminated IPR proceeding against the company

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

K&L Gates LLP competitors and assessment

Company assessment

Direct peers

  • Jones Day: Jones Day is one of the largest US-based global law firms with a similarly broad domestic platform and significant international presence. It directly competes with K&L Gates in M&A, litigation, energy, IP, and government regulation.
  • Cleary Gottlieb Steen & Hamilton: Cleary Gottlieb is a top global law firm with elite M&A, capital markets, and international dispute resolution practices. It is a benchmark competitor in cross-border corporate advisory where K&L Gates also competes.
  • DLA Piper: DLA Piper is a global full-service law firm with a comparable multi-continent platform and a similar mix of corporate, finance, litigation, and regulatory practices. It directly overlaps with K&L Gates in cross-border M&A, technology, energy, and government affairs work.
  • White & Case: White & Case is a leading global law firm with deep cross-border M&A, finance, and energy practices and a strong emerging markets presence. It is a direct competitor to K&L Gates in large international transactions, project finance, and arbitration.
  • Sidley Austin: Sidley Austin is a premier global law firm with strong corporate, finance, healthcare, and litigation practices and a notable Asia-Pacific presence. It overlaps with K&L Gates in cross-border M&A, asset management, and regulatory matters.
  • Hogan Lovells: Hogan Lovells is a top-tier global law firm combining US and UK/international capabilities, with particularly strong practices in energy, life sciences, and government regulatory matters. It competes with K&L Gates across M&A, energy regulation, and cross-border corporate advisory.
  • Skadden, Arps, Slate, Meagher & Flom: Skadden is a top global law firm renowned for M&A, capital markets, and litigation work for large corporate clients. It competes with K&L Gates for premium cross-border corporate transactions and high-stakes litigation.
  • Kirkland & Ellis: Kirkland & Ellis is the largest law firm in the world by revenue and a dominant force in private equity, M&A, and litigation. While it skews more toward PE, it competes with K&L Gates in large corporate and transactional work.
  • Latham & Watkins: Latham & Watkins is a top US-headquartered global law firm with leading M&A, capital markets, and litigation practices. It competes with K&L Gates for high-end corporate and finance mandates and is a key rival for top lateral talent.
  • Baker McKenzie: Baker McKenzie is the world's largest law firm by headcount and revenue, with a similarly extensive global footprint spanning the Americas, EMEA, and Asia-Pacific. It competes head-to-head with K&L Gates for cross-border corporate, M&A, and finance mandates for multinational clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

K&L Gates LLP social profiles

Digital presence

K&L Gates LLP compliance and trust

Trust signal

Compliance3 records

K&L Gates LLP financial estimates

Financial estimate

Revenue estimate

Valuation estimate

K&L Gates LLP leadership team

Management profile

Number of profiles

Profiles8 records

K&L Gates LLP funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

K&L Gates LLP M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about K&L Gates LLP

What does K&L Gates LLP do?

K&L Gates LLP is a global law firm providing comprehensive legal services across corporate/M&A, litigation, energy, financial services, intellectual property, regulatory compliance, and government affairs. The firm operates through more than 40 offices in the United States, Europe, the Middle East, Asia, Australia, and South America, serving multinational corporations, governments, and financial institutions through relationship-based, partner-led engagements.

Is K&L Gates LLP a public or private company?

K&L Gates LLP is a private company. It is classified as management employee owned and is currently operating.

When was K&L Gates LLP founded?

K&L Gates LLP was founded in 2005. It employs 1,001 to 5,000 people.

Where is K&L Gates LLP based?

K&L Gates LLP is headquartered in Pittsburgh, United States, in the North America region.

How does K&L Gates LLP make money?

Two revenue lines are on record. Legal Services - Professional Services are the primary driver. The others are fixed Fee and Contingent Arrangements.

Who are K&L Gates LLP's main competitors?

Direct peers on record are Jones Day, Cleary Gottlieb Steen & Hamilton, DLA Piper, White & Case, Sidley Austin, Hogan Lovells, Skadden, Arps, Slate, Meagher & Flom, Kirkland & Ellis, Latham & Watkins and Baker McKenzie.

Does K&L Gates LLP have an API?

No public API is recorded for K&L Gates LLP.

What industry is K&L Gates LLP in?

K&L Gates LLP's product category is Legal Services. Its primary akta.pro industry code is BPAHAAAI, Mergers & Acquisitions (M&A) & Securities Law. Its NAICS code is 54111 and its SIC code is 8111.

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Live signals
Law360Stinson Adds Engineering Pro To Patent Team In DCStinson LLP added a K&L Gates intellectual property attorney to its Washington, D.C. patent team. The attorney holds an advanced electrical engineering degree, adding a technical perspective to her work.THE K&L GATES EXPERIENCEK&L Gates Advises Collinear Group on Sale to CapgeminiK&L Gates advised Collinear Group on its sale to Capgemini, a global business and technology transformation company. The acquisition expands Capgemini's aerospace consulting capabilities and strengthens its Pacific Northwest presence. Collinear's president praised the firm's guidance throughout the transaction.EIN PresswireK&L Gates Launches AltaClaro's DepoSim Firmwide, Bringing AI-Powered Deposition Training to Its Litigation PracticeAltaClaro launched DepoSim, an AI-powered deposition simulator, firmwide at K&L Gates. The tool provides realistic simulated depositions with AI agents and rubric-based feedback, covering commercial, employment, IP, and antitrust cases. Future releases will add more specialties and simulations.THE K&L GATES EXPERIENCEK&L Gates Advises LS Cable & System on Landmark US$689 Million Virginia Manufacturing InvestmentK&L Gates advised LS Cable & System on a US$689 million investment in Chesapeake, Virginia, expected to create over 430 jobs. The project will produce copper rod, magnet wire, and rare-earth magnets, and together with the LS GreenLink USA project, represents about US$1.4 billion and 760 jobs.American City Business JournalsQ&A: K&L Gates Partners on government enforcement trends life sciences companies should have on their radarK&L Gates partners discuss life science enforcement trends, including the DOJ's Health Care Fraud Data Fusion Center launched in June 2025 and the expansion of the New England Strike Force to Massachusetts in September 2025. They note that companies accepting taxpayer funds face heightened scrutiny under the False Claims Act, and recommend proactive compliance monitoring and quick remediation.American City Business JournalsLeech Tishman hires CFO from larger K&L Gates in PittsburghLeech Tishman has hired Jason Sekerak as CFO. Sekerak previously served as global controller at K&L Gates and held finance roles at H.J. Heinz Co. and Ariba.PYMNTS.comPrediction Markets Face Widening Political FightK&L Gates' 2026 mid-year report finds prediction markets face a widening political fight over federal protections and state gambling laws. At least 21 bills were introduced in the 119th Congress, but none left committee, while courts remain divided on whether sports contracts qualify as swaps. Federal registration offers neither assured access nor insulation from state enforcement.Pulse 2.0K&L Gates Adds Tim Foley From Linklaters As Washington Broker-Dealer Regulatory PartnerK&L Gates has appointed Tim Foley as a partner in its Asset Management and Investment Funds practice in Washington, D.C., bringing him from Linklaters. Foley advises broker-dealers and financial institutions on SEC, FINRA and self-regulatory organization matters, covering compliance, internal investigations and enforcement. The firm's practice employs more than 150 lawyers across Asia, Australia, Europe, the Middle East and North America.The National Law ReviewNew AI Hallucinations in Court Filings PodcastIn a recent episode of the Delaware Corporate Litigation Insights podcast, host Steven Caponi of K&L Gates discusses a Delaware Court of Chancery decision involving fabricated quotations generated by AI in a court filing. The episode also references the published decision on the host's website. No further details of the case were disclosed.NewsfileTenet Retains K&L Gates to Advise on Legal Aspects of Data Offerings in ChinaTenet Fintech Group Inc. has retained the law firm K&L Gates to advise on legal compliance for its planned data-derived product offerings in China, specifically regarding Chinese data privacy regulations. Additionally, Tenet announced that it will file its financial results for the second quarter of 2026 on August 26, 2026.