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What’s New in Practical Guidance: May 2026 Highlights

June 18, 2026 (4 min read)

Practical Guidance continues to expand its collection of attorney-authored resources with new trackers, task maps, practice notes, templates, checklists, and state-specific guidance designed to support legal work across a broad range of practice areas. The May 2026 update introduces updates for bankruptcy, business entities, capital markets, litigation, construction, corporate transactions, labor and employment, real estate, healthcare, tax, and more. 

Several themes emerge throughout this month’s release. Attorneys will find expanded workflow-focused resources through new task maps and checklists, additional state-specific drafting tools, and new trackers that help monitor legal and regulatory developments. These additions reflect Practical Guidance’s focus on helping legal professionals move efficiently from research to execution. 

Bankruptcy Resources Expand with New Task Maps and Trackers

Bankruptcy practitioners receive a significant set of additions in May. New and updated trackers include the Bankruptcy Legal Developments Tracker, Bankruptcy Asset Purchase Agreement Tracker, Mega Chapter 11 Filings Tracker, Third-Party Release Tracker, and Subchapter V Decision Tracker. A Bankruptcy Trackers Resource Kit provides access to additional monitoring resources. 

The update introduces new workflow tools through Chapter 7 Filing Task Maps and Chapter 13 Filing Task Maps. New content includes resources covering claims objections, avoided transfer recovery under Section 550, Chapter 7 proceedings for business entities, student loan relief and discharge, and Chapter 13 plan provisions.  

Corporate, Governance, and Transactional Content

Business Entities content expands with new corporation templates, including board resolutions addressing bylaw amendments, and articles of incorporation amendments. New shareholder agreements are available for Illinois and Texas corporations, along with a client alert digest addressing Delaware corporate fiduciary duties and workplace sexual harassment. 

Capital Markets & Corporate Governance adds new swaps and derivatives resources, including Equity Derivatives Essentials, U.S. Derivatives Swap Documentation Requirements, and an ISDA variation margin negotiation checklist. New materials also address beneficial ownership reporting, shareholder activism, and crowdfunding offerings through comparative guidance and practical checklists. 

Corporate and M&A practitioners receive new market trend resources covering fraud carve-outs, de-SPAC transactions, representations and warranties insurance, and sandbagging provisions. The release also introduces a new due diligence practice note addressing change of control provisions in M&A due diligence. 

Litigation and Investigations Coverage Continues to Grow

Civil Litigation content expands through the Early Case Assessment series, which now includes additional coverage across federal and state jurisdictions. New resources address damages and collectability, outcome forecasting, opposing counsel and forum intelligence, drafting case synopses, and subject matter jurisdiction. 

Securities Litigation, Enforcement & White Collar introduces a substantial collection of resources focused on internal investigations. New guidance covers planning investigations that preserve attorney-client privilege and work product protections, engaging outside investigators, conducting witness interviews, and evaluating the use of video interviews. Additional securities litigation resources analyze Exchange Act Sections 16(b) and 18(a), along with client alert digests focused on FINRA regulatory developments and enforcement trends. 

Construction, Environmental, and Insurance Updates

Construction practitioners gain new Tennessee mechanic’s lien resources, construction-specific checklists, and a Construction Law Case Tracker. The update includes practical drafting tools addressing insurance clauses, payment schedules, contractor duties, and work descriptions for residential construction projects. Several construction-focused resources are scheduled for future release, including supply chain risk guidance, data center construction resources, and additional mechanic’s lien task maps. 

Environmental content includes new lead-based paint compliance clauses, an Environmental Justice Risk Checklist for Transactions & Development, and guidance addressing New York SEQR requirements for project sponsors. 

Insurance expands with a new Artificial Intelligence Insurance Legal and Regulatory Developments Tracker and a new Autonomous Vehicles and Insurance topic within the State Law Comparison Tool. New expert-authored materials address remote employment injuries and Subsequent Injuries Benefits Trust Fund cases. 

Labor & Employment and Family Law Additions

Labor & Employment received extensive updates in May. New resources include an Employment Arbitration Agreement Playbook, guidance on marijuana-related workplace issues in New Jersey, whistleblower protections under the Anti-Money Laundering Act, and a workers’ compensation employment policy template.  

Family Law practitioners gain a substantial collection of state-specific drafting checklists covering marital settlement agreements, separation agreements, financial affidavits, and dissolution agreements. A new Colorado practice note addresses child custody and allocation of parental responsibilities. 

Real Estate

Real Estate content expands with a new Hospitality Real Estate Guide, commercial purchase and sale resources, office lease agreements across multiple jurisdictions, industrial lease templates, and a variety of state-specific commercial and residential real estate materials.  

Frequently Asked Questions

What are the most significant additions in the May 2026 release?

The May 2026 release introduces new task maps, trackers, checklists, templates, and practice notes across numerous practice areas, including bankruptcy, corporate transactions, labor and employment, real estate, healthcare, and tax. 

Are there new workflow-oriented resources in this release?

Yes. Several practice areas received new task maps, including Bankruptcy, Healthcare, and Tax. These resources provide structured guidance for common legal workflows and assessments. 

Which practice areas received new trackers?

New or expanded trackers appear in Bankruptcy, Construction, and Insurance. These resources help practitioners monitor legal developments, transactions, filings, and regulatory activity. 

Does the May release include state-specific guidance?

Yes. Numerous additions provide jurisdiction-specific content, including materials for Tennessee, New Jersey, New York, Colorado, Indiana, Louisiana, North Carolina, Illinois, and many other jurisdictions. 

Are there new legal resources related to artificial intelligence?

Yes. New content includes the Artificial Intelligence Insurance Legal and Regulatory Developments Tracker, and forthcoming Labor & Employment content addressing AI use and impact in employment litigation. 

The May 2026 update adds practical resources across a broad range of legal disciplines, with a strong emphasis on workflow support, jurisdiction-specific guidance, monitoring tools, and attorney-authored analysis. From task maps and trackers to drafting resources and practice notes, these updates continue to expand the breadth of content available within Practical Guidance. 

View the full update here

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