Munger, Tolles & Olson recently represented Prem Akkaraju and Sean Parker in a funding deal with Palo Alto-based artificial intelligence firm Stability AI that saw both new investors take leadership roles at the company.

Munger partner Zachary Briers and associate Nathaniel Sussman were the lead lawyers on the deal. According to Briers, the transaction indicates the firm’s continued desire to advise on strategic financial transactions, despite recently thinning its ranks.

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