Technology

On April 27, 2026, Integris, a national leader in managed AI and IT services backed by OMERS Private Equity, announced its intent, subject to regulatory approval, to acquire First Focus, the largest managed service provider serving small and midsize businesses in Australia, New Zealand and the Philippines. Cravath is representing Integris as U.S. counsel in connection with the transaction.

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $2.5 billion revolving credit facility made available to Expedia Group, Inc., one of the world’s largest online travel companies. The transaction closed on March 27, 2026.

Cravath represented the underwriters in connection with the $2 billion registered notes offering of Hewlett Packard Enterprise Company, an industry leading technology company. The transaction closed on March 23, 2026.

Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $1.35 billion of credit facilities made available to subsidiaries of Versigent Limited, a global leader in the design, development and manufacture of low voltage and high voltage electrical architectures and the holding company for Aptiv PLC’s Electrical Distribution Systems segment, which Aptiv PLC spun off into a separate, independent, publicly traded company. The proceeds were used to partially finance the spin‑off. The credit facilities consisted of a $500 million term loan facility and an $850 million revolving credit facility. The transaction closed on November 26, 2025.

Cravath represented the underwriters in connection with the $1 billion registered senior notes offering of Verisk Analytics, Inc., a leading data, analytics and technology provider serving clients in the insurance ecosystem. The transaction closed on February 26, 2026.

On May 17, 2026, Cravath partner David J. Kappos participated in the Best Practices in Intellectual Property 12th Annual Conference, which was hosted by Intellectual Property Resources in Tel Aviv and featured global decision‑makers and leading IP professionals to discuss global IP issues, trends and legislation. Dave served as one of the program’s co‑chairs and delivered opening remarks. He also participated in a fireside chat entitled “IP in the Geopolitical Race,” and spoke on a panel entitled “AI Issues in Strategic Agreements.” Dave also moderated a panel entitled “SEPs, Patent Pools and Platform Issues.”  

On May 8, 2026, Lawdragon announced the inclusion of 6 Cravath partners in its annual list of the “500 Leading Global Cyber Lawyers.” The list, assembled based on research and vetting by peers, celebrates the lawyers who handle the most sensitive online threats to protect data and national security, fight for the digital rights of consumers against negligent companies and navigate the insurance, fintech and compliance aspects of complex tech transactions.

On April 26, 2026, the Harvard Journal of Law & Technology’s JOLT Digest published an article written by Cravath partner Sasha Rosenthal‑Larrea and associate Lucille D. Finn entitled “Beyond FLOPs: Shortcomings of FLOPs as a Model Classification Metric in AI Regulation.” The article examines the efficacy of a metric that is often used to determine whether an AI model should be regulated: the total number of floating point operations (“FLOPs”), a measurement of the total amount of computational effort used in the model’s training process. The authors outline where FLOPs fall short when used to evaluate a model’s sophistication or potential danger and urge regulators to retain an awareness of these limitations as they navigate AI policymaking and compliance.

On April 28, 2026, Cravath published the latest edition of its Artificial Intelligence Developments Newsletter, which includes a high-level review of activity across technical, regulatory, legal, and market areas of AI over the last month.  

On April 17, 2026, Cravath of counsel Scott B. Reents participated in Stanford Law School’s Generative Legal 2026 conference in Palo Alto, California, which brought together senior in‑house counsel, law firm partners, technologists, investors and academics to explore how AI is reshaping legal practice. Scott spoke on a panel entitled “Impact of AI on the Legal Industry,” which discussed how generative AI is reshaping the talent pipeline and operating models in law. Panelists examined how junior attorneys will gain foundational experience with AI and how law firms and in‑house departments are adjusting their structures.