👋 G’day
Today’s brief:
G+T tops SA promo & growth rate
Vic hears a record no. of class actions
ChatGPT admits lying after judge grills it
Here’s your latest, PB #{{join_number}} 👇
WORD ON THE STREET

SA promotion race

We've crunched the numbers on 2026 senior associate promotions. Allens promoted the most SAs, but on a relative basis, Gilbert + Tobin comes out on top. It has the smallest SA bench of any top-tier firm, but promoted 43 lawyers (a quarter of its ranks) and grew the group 18.3% in a year. Meanwhile, SA pools at Mallesons and MinterEllison are shrinking. Read the full breakdown here: Point Blank
Federal Circuit and Family Court judge Douglas Humphreys grilled ChatGPT on one of his own judgments, and it spouted a bunch of BS. When pressed by Humphreys, the bot confessed: "I completely fabricated those details." Humphreys now wants "sterner action" against AI misuse: AFR
Victoria's contingency fee regime has officially made it the forum of choice for class action plaintiff law firms. Monday’s line up proves it: Sportsbet, KPMG and Macquarie Capital all front the Vic Supreme Court as three separate class actions kick off on the same day — an unprecedented number in a single day: AFR, Lawyerly
PRACTICE POINTS

Telegram terror suit
⚖️ Regulatory: The eSafety Commissioner is taking Telegram to the Federal Court, alleging it failed to detect and remove pro-terror material, including footage of the Christchurch and Buffalo mass shootings, with the latter reportedly staying online for nearly three months. eSafety claims Telegram breached the Relevant Electronic Services Standard by being slow to act on reports, not shutting down offending accounts, running weak Terms of Service and leaving complainants in the dark. Telegram now faces penalties of up to $54.6m. Commissioner Julie Inman Grant tied the case to ASIO’s warnings that online radicalisation is fuelling real-world terrorism risk: Capital Brief
⚖️ Employment/AI: The Federal Circuit and Family Court dismissed Mr Ba’s general protections and underpayment claim against Sterling Parts Australia. His case leaned heavily on AI-generated material, including a 38-entry Evidence List of documents that simply didn’t exist, save for one email. Despite written requests and a Notice to Produce, Mr Ba never produced them. The Court called his conduct a ‘pattern of obstruction and prevarication’ that arguably amounted to an abuse of process, coming perilously close to contempt. The Court also took aim at AI, noting chatbots owe no duty to the Court, hold no practising certificate and display a ‘sycophantic tendency’ to prioritise user approval over truth: Piper Alderman
⚖️ Insurance: Nuix has lost its appeal in Nuix v Berkshire Hathaway, with the Full Federal Court confirming how ‘related claims’ clauses work in D&O and IPO insurance policies. The dispute arose after an ASIC investigation into Nuix post-IPO (a Side B claim, $2.5m retention) was followed by shareholder class actions (a Side C claim, $10m retention), which the policy treated as one aggregated claim. Nuix argued that because the Side B claim came first, its lower retention should apply to the whole thing. The Court disagreed — where the policy doesn’t specify which retention governs, the larger one applies, regardless of claim order: Allens
TOGETHER WITH CLAYTON UTZ

It's our last Clerkship Applications Update from Clayton Utz, as the application windows will close in Brisbane and Melbourne this weekend. Law students applying for clerkships in Brisbane should be aware that the official QLS application window closes at 5pm on Friday, and not at midnight as is the case in other states.
As a Top 5 Graduate Employer in Law, Clayton Utz is one of the best places to start your legal career. Find out more about their seasonal clerkships and send this link to a law student applying this year.
Apply today: https://bit.ly/3QN3uJE
TALKING POINTS

Levy hits LinkedIn

Did you hear…
Professional networking platforms like Microsoft's LinkedIn just got swept into Canberra's news bargaining regime, alongside Meta, Google and TikTok. Any platform pulling over $250m in local ad revenue now faces a 2.5% charge (up from 2.25% in April) unless it strikes deals with Aussie publishers: Bloomberg
Also…
On Friday, Yung Filly was acquitted of three rape charges over an alleged 2024 Perth assault. Jurors deadlocked on three other rape charges and convicted him on two counts of assault. He's sentenced next month, and prosecutors will then decide whether to run a retrial on the unresolved rape counts: TDA
DEAL ROOM

Takeover troubles
⚒️ Forrestania Resources is facing two Takeovers Panel complaints over its Zenith Minerals bid. Ida Metal wants shares bought during a standstill period cancelled, while Harvest Lane says an undisclosed $300m mine purchase quietly gutted the value of Forrestania's scrip offer: AFR
💰 Blackstone has lined up $30bn-plus in senior debt from ANZ, NAB, BNP Paribas, Natixis, MUFG, RBC and Standard Chartered to bankroll its $36bn buy of HSBC Australia's home loan book, the largest bank-to-credit-fund mortgage sale globally: AFR
SECTOR SNAPSHOT

Fuel squeeze


DIGGERS
🚜 Wright Prospecting has won a delay in its royalty stoush with Gina Rinehart, arguing it would face ‘irreversible prejudice’ if forced to choose between an account of royalties or damages before its February 2027 appeal. The WA Supreme Court agreed. Hancock Prospecting argued it was unjust, having already handed over its financial records: AFR

FIN
🏦 FOI documents reveal ASIC has been quietly investigating CBA, Westpac and ANZ's third-party referrer programs. The move comes after CBA self-reported over $1bn in fraudulent loans, which led to a $3bn fraud discovery across the sector. Regulators are especially focused on the alleged $300m Penthouse Syndicate fraud ring, with AUSTRAC and APRA also circling: Capital Brief

RETAIL + REAL ESTATE
🏠 Qantas has warned soaring fuel costs risk ‘demand destruction’ if passed onto flyers, flagging an $800m hit of its own. It comes as Singapore Airlines posted a shock $84m loss despite record revenue, with jet fuel up 80% amid Middle East disruption. American Airlines and Ryanair are also feeling the squeeze: The Australian

TECH + STARTUPS
📱 Firmus has secured shareholder approval for a $2.9bn capital raise to fund AI data centres in SA and Tasmania, bolstering its push for a $15.5bn float. But only one of its five projects has planning approval so far, with locals raising water and environmental concerns over its Wesley Vale proposal: AFR
P.S.



