AI, but at what cost? A new LexisNexis survey of 900 UK lawyers finds 58% say AI makes juniors faster. Yet 72% say deep legal reasoning and argumentation is the biggest skills gap amongst junior lawyers. Meanwhile, 69% point to weak verification and source-checking. Speed may be up, but will AI weaken junior lawyer judgment? Legal Cheek

⚖️ Employment: The Federal Court has clarified that employers are not required to keep employment contracts as employee records under the Fair Work Regulations. In a recent decision, the Court held that while contracts often contain the information prescribed by reg 3.32, the Regulations only require employers to retain the specified categories of records, not the contract itself. In other words, employers can store the mandated details, pay, hours, leave and the like, in any compliant format, provided the records meet regulatory standards.

⚖️ Corporate: ASIC has confirmed that company extracts purchased via its website will no longer display officeholders’ residential addresses. The move is framed as a response to privacy, personal safety, and identity theft risks, reflecting growing concern about the ease with which directors’ home details can be accessed online. Law enforcement, government agencies and those with a legitimate regulatory need will still be able to obtain the information, but ASIC has not yet outlined how or when that access will be granted.

⚖️ IP: The Federal Court has refused registration of two marks, finding “CRV GLADIATOR FAMILY” and “CRV FAMILIA” deceptively similar to Honda’s “CR-V”. Bennett J applied orthodox principles of imperfect recollection and the perspective of the notional consumer, holding that there was a real chance buyers would wonder about a connection to Honda. That was enough to trip s 44 of the Trade Marks Act. The added words didn’t cure the problem because the dominant “CRV” element carried the risk.

Angus Taylor has confirmed he will challenge Sussan Ley for the Liberal leadership, declaring the party has “lost its way”. After resigning from the frontbench, Taylor released a video saying Australia is “worth fighting for” and accusing Labor of failure. More shadow ministers have quit in support, with Jane Hume canvassing to run as deputy. Both camps claim they have the numbers as pressure builds for a party room vote: Capital Brief

The High Court has opened the floodgates on abuse claims. The Court has scrapped a long-standing barrier that shielded churches and other institutions from being sued over abuse by non-employed priests and volunteers. In a landmark ruling, it held that a sexual abuse survivor could recover $335,960 for abuse by a priest near Newcastle in the 1960s. It’s a decision set to unlock a wave of historical compensation claims: AFR

💊 Infinity Pharmacy Group, owner of 91 Priceline franchise stores, has formally kicked off a sale via administrator Teneo. Modelling points to a $500m+ valuation. Non-binding bids are due March 6. The group carries ~$450m debt (potentially $500m post-restructure). HSF Kramer is repping Wesfarmers, while Norton Rose Fulbright is acting for KPMG’s receivers: AFR

💵 New IPO in town. pay.com.au has hired Goldman Sachs and Morgans to steer a potential ASX IPO valuing the payments platform at $500m-$1bn. The 2021-founded business lets owners earn rewards from everyday business expenses. A pre-IPO round before Christmas valued it north of $600m. Timing now depends on market conditions, with recent floats trading below issue price: The Australian