For years, law grad hiring among Australia’s top firms remained strong. Until now. MinterEllison has become the first major Australian law firm to admit AI is eating grad jobs, cutting its intake by almost a third to 72 as automation takes over routine entry-level work. Overall graduate hiring across eight top firms fell 7% to 716 this year. HSF Kramer, Allens, Mallesons and NRF all cut numbers too, though each insists AI wasn’t the driving factor: AFR

⚖️ Cyber: ASIC has issued an open letter to all licensees and market participants demanding urgent cyber resilience uplift. Commissioner Simone Constant warned that frontier AI is accelerating cyber threats at a "speed, scale and sophistication" that many boards aren't ready for. The letter follows ASIC's recent court win against FIIG Securities, which reinforced that cyber risk controls must be demonstrably effective and proportionate. Boards and executives must ensure systems are tested and weaknesses addressed proactively. Entities are required to table the letter at their ultimate board and risk governance committees: ASIC

⚖️ Service/Procedure: In Siegers v Nest Services Ltd, Judge Wise allowed preliminary discovery against multiple exchanges (including Binance, KuCoin and Bitstamp) to identify the controllers of crypto wallets through which roughly $463k in stolen crypto moved, and endorsed service by email on offshore respondents. The Court rejected a narrow reading of rule 32.03, holding that transaction records and IP addresses fall within permissible preliminary discovery scope where they assist in identifying wallet holders: PiperAlderman

⚖️ Employment/Media: The Kyle and Jackie O dispute is a masterclass in what happens when a flagship product depends on two people who clash. After the February 2026 on-air blow-up, ARN terminated both hosts' agreements, citing serious misconduct (Sandilands) and repudiation (Henderson), and is now defending two separate proceedings while pursuing its own damages claim for lost advertising revenue. Corrs breaks down how critically the interdependent arrangements must be documented at entry, not untangled at exit: Corrs

One Nation's David Farley came home with almost 60% of the vote in the Farrer by-election, handing the far-right party its first lower house win. Treasurer Chalmers called it "a bloodbath for the Coalition," warning it'll be nearly impossible for the Libs and Nationals to govern without One Nation from here. He called it a "kind of three-ring circus of right-wing parties": Bloomberg

Dua Lipa is suing Samsung for US$15m after the electronics giant printed her photo on TV boxes without asking. The image, a backstage snap from the 2024 Austin City Limits Festival, ended up on packaging promoting Samsung TV Plus. She's never had a deal with Samsung, and her team sent cease and desist letters that Samsung apparently ignored: Rolling Stone

🪧 oOh!media is fielding duelling takeover bids, with I Squared Capital lobbing a $1.45/share scheme proposal valuing the out-of-home media group at ~$766m, topping Pacific Equity Partners' earlier $1.40/share tilt. The board's unanimously knocked both back as undervaluing the business, but is dangling limited DD access behind NDAs while keeping the door open for other suitors. Mallesons is acting for oOh!: Capital Brief

🔋 James Packer has taken a slice of OnlyFans via Architect Capital's 16% stake in parent company Fenix International, valuing the platform at $4.3bn. Packer reckons it's "a way people can avoid going down darker avenues" — which is one way to pitch it: The Australian