- Only 38% of publicly filed high-yield credit agreements protected against lien subordination in all of 2023.
- That protection spiked to a two-year peak of 64% of deals in Q4 2024.
- It settled at 52% in Q1 2025, still up
The Thomson Reuters Law Blog focuses on the integration and impact of artificial intelligence in legal practice, highlighting AI tools like CoCounsel Legal that enhance legal research, document drafting, and analysis. It covers strategic adoption of AI in law firms, addressing ethical considerations, workflow integration, and the balance between AI assistance and critical thinking. The blog also discusses AI's role in corporate governance, compliance, and risk management, emphasizing cross-functional collaboration and productivity gains. Additionally, it shares real-world case studies demonstrating AI's return on investment for small and midsize law firms, illustrating how technology supports efficiency, client service, and practice growth.
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The trick in the covenant
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When losers still get paid
What it means for borrowers and lenders
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Two ends of the spectrum
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Corporate legal departments…
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