Editor's Picks

King & Spalding Advises Latest Bidder for New York City Opera

By Nell Gluckman |

A month after Duane Morris client NYCO Renaissance sought to rescue the New York City Opera out of bankruptcy, another suitor has emerged with a competing bid. King & Spalding client Gene Kaufman is offering $1.5 million for the opera company, trumping NYCO's $1.25 million bid.

Paul Weiss Called In to Investigate Deflate-Gate

By Jennifer Henderson |

The National Football League has tapped Paul, Weiss, Rifkind, Wharton & Garrison to lead a probe into whether the New England Patriots used intentionally deflated balls during the American Football Conference title game last Sunday.

Nixon Peabody Reaches Merger Accord with Chicago Firm

By Brian Baxter |

The Boston-based Am Law 100 firm announced Monday an agreement to absorb Chicago's Ungaretti & Harris, taking on roughly 100 lawyers in the Windy City.

Jane Doe #3 Swears She Had Sex with Dershowitz

By Vivia Chen |

Sex abuse victim rebuts Dershowitz's claims.

Top Rainmaker Leaves Kirkland for Paul Weiss

By Julie Triedman and Brian Baxter |

Taurie Zeitzer, a leading M&A lawyer who joined Kirkland & Ellis two years ago from Latham & Watkins, is taking her private equity expertise to Paul, Weiss, Rifkind, Wharton & Garrison.

The Churn

McDermott Taps New COO, Plus More Lateral Moves

By Brian Baxter |

Two firms shuffling their COOs saw partners depart in January; DLA Piper and Kirkland & Ellis make some high-profile labor and employment hires; Quinn Emanuel grows in Houston; Wilmer raids MoFo for a new cybersecurity chair; and other notable additions from throughout The Am Law 200.

2015: The Year The Law School Crisis Ended (Or Not)—Conclusion

By Steven J. Harper |

When it comes to projecting the future demand for lawyers, maybe someone should consider how clients are actually behaving now.

Serial Lateral Finds a New Home

By Nell Gluckman |

IP litigator Paul Gupta has moved from DLA Piper to Reed Smith, making the firm his 10th professional home. His career trajectory has paralleled that of his practice area in general, he says. Now at Reed Smith, he'll be able to help grow and shape the IP practice group.

Dealmaker of the Week: Trevor Norwitz of Wachtell, Lipton, Rosen & Katz

By Jennifer Henderson |

Norwitz advised Dollar Tree Inc. in its $8.5 billion bid for Family Dollar Stores Inc., which ultimately beat out a $9.1 billion bid from rival Dollar General Corp.

Dentons, Dacheng Deal Sets Legal Industry Abuzz

By Julie Triedman |

While law firm leaders and legal observers marvel at the scope and scale of the tie-up between Dentons and China's Dacheng to create the world's largest firm, several also wonder how the two sides will pull off such a massive undertaking, and whether it will ultimately be successful.

Dentons and China's Dacheng Poised for Historic Union

By Julie Triedman |

The world will soon have a new largest law firm. Dentons and leading Chinese firm Dacheng are poised to announce a combination creating a 6,600-lawyer legal giant operating under the Swiss verein structure.

Orr Hired as Consultant for Ailing Atlantic City

By Nell Gluckman |

Former Jones Day restructuring partner Kevyn Orr, who left the firm in 2013 to serve as emergency manager of Detroit, has been hired as a part-time consultant in Atlantic City by New Jersey Gov. Chris Christie. Orr will advise Kevin Lavin, former FTI Consulting restructuring attorney, who will serve as emergency manager for Atlantic City, which has fallen on tough economic times since four casinos closed last year.

Law Firm Leader Confidence Improves Again in 4th Quarter

By MP McQueen |

The latest survey by Citi Private Bank Law Watch finds law firm leaders' confidence in the legal industry improved again in the fourth quarter of 2014, in large part because of increased optimism in the economy and in business conditions.

David Greenwald

Fried Frank Chair Discusses Asia Exit

By Chris Johnson |

Fried, Frank, Harris, Shriver & Jacobson chair David Greenwald says the firm's decision to effectively close its Hong Kong and Shanghai offices and pull out of Asia, as revealed by The American Lawyer on Monday, was a "difficult but necessary decision."

Littler Back Office Feels Polsinelli Backlash

By Jennifer Henderson |

Less than two weeks after Littler Mendelson announced it would open a back office in Kansas City, Mo., local firm Polsinelli is criticizing the move for undercutting the competitive advantage that it and others now enjoy.

Richard Diebenkorn, Untitled, 1949, oil on canvas, 48 x 41 in., Gift of Mary and Jim Patton, © 2014 The Richard Diebenkorn Foundation

Patton Boggs Cofounder Donates 100 Works to North Carolina Museum

By Nell Gluckman |

James Patton Jr., founder of the Am Law 100 firm formerly known as Patton Boggs, has donated 100 works from his contemporary art collection to the North Carolina Museum of Art. The 86-year-old chaired Patton Boggs’ art committee, which created the firm’s own extensive collection, one that Patton believes contributed to its culture and attracted clients.

Clifford Chance's Problem Associate

By Vivia Chen |

A lawyer makes an incendiary video, and the Magic Circle firm gets blame for its response.

Report: Nixon Peabody in Merger Talks With Chicago Firm

By Brian Baxter |

Nixon Peabody, having had unsuccessful tie-up talks in recent years with Blank Rome and Locke Lord, is now reportedly looking at a potential acquisition of Chicago’s 100-lawyer Ungaretti & Harris. With roughly 100 lawyers, Ungaretti & Harris has seen its fortunes slip along with many midsize Windy City shops in recent years.

The Churn

Hedge Funds Add Top Talent, Plus More Lateral Moves

By Brian Baxter |

Cadwalader, Wickersham & Taft and Kirkland & Ellis saw a pair of leading M&A partners depart for new roles on the business side; a former Bingham McCutchen practice leader lands at Willkie Farr; Skadden snags a leading trusts and estates lawyer; Squire Patton Boggs adds a retired Utah congressman; and other notable hires from throughout The Am Law 200.

Two Am Law 200 Firms Seek Growth Through Mergers

By Nell Gluckman |

Dinsmore & Shohl announced its acquisition of West Virginia's Huddleston Bolen on Tuesday, while Clark Hill absorbed the Rayndon Law Group in Scottsdale, Ariz.

The Am Law 100, the Early Numbers: Weil Sees 'Strong Rebound Year'

By Julie Triedman |

After two consecutive years of profits per equity partner dipping by high single digits, Weil, Gotshal & Manges is reporting a 16.5 percent upswing for 2014, with PPP climbing to $2.4 million from $2.065 million—a level not seen since 2011.

After Two Years at Cadwalader, Woolery Leaves for Hedge Fund

By Julie Triedman |

Cadwalader, Wickersham & Taft announced Tuesday that James Woolery, who had been poised to become the storied Wall Street firm's chair this month after spending nearly two years as chairman-elect, would leave to cofound a new investment venture. Patrick Quinn, Cadwalader's managing partner-elect since January 2014, will assume sole leadership of the firm that hired Woolery from JPMorgan Chase as its highest-paid partner.

Fried Frank to Pull Out of Asia

By Chris Johnson |

Fried, Frank, Harris, Shriver & Jacobson is to effectively close its Hong Kong and Shanghai offices and pull out of Asia, The American Lawyer has learned.

Dealmakers of the Week: Eileen Nugent and Graham Robinson of Skadden

By Jennifer Henderson |

The pair guided NPS Pharmaceutical's $5.2 billion sale to Irish drugmaker Shire, which is recovering from a botched deal with AbbVie last year.

The Churn

Davis Polk Partner Decamps, Plus More Lateral Moves

By Brian Baxter |

A Davis Polk & Wardwell corporate partner in Silicon Valley leaves the firm to return to the business side; Greenberg Traurig grows in Mexico City; Hogan Lovells expands in Vietnam; Wilmer adds a new lobbying cochair and other notable hires from throughout The Am Law 200.

Akerman Capitalizes on Years of Work in Cuba

By Nell Gluckman |

Attorneys at Miami-based Akerman say they’ve been overrun with inquiries from potential clients who want to do work in Cuba. The firm’s Cuba practice is led by Augusto Maxwell, who returned from the island nation this week. Attorneys at Holland & Knight and Greenburg Traurig have also been fielding client inquiries.

2015: The Year the Law School Crisis Ended (or Not)—Part II

By Steven J. Harper |

The federal government now says that the projected demand for lawyers will keep all new graduates employed. I guess that makes it true.

stacks of cash

Former Simpson Thacher Clerk Indicted in New Jersey

By Brian Baxter |

Steven Metro, a former managing clerk in Simpson Thacher & Bartlett’s New York office charged nearly a year ago with insider trading, has been indicted by a federal grand jury in Trenton. The indictment comes at the same time another key figure in the alleged insider trading scheme appears to have reached a plea deal with federal prosecutors.

Prof. Dershowitz, Tell Me How You Really Feel

By Vivia Chen |

Harvard's legendary law professor chats with the Careerist about the recent sex allegations, his enemies and the "cesspool."

Kirkland, Jones Day in Caesars Bankruptcy Showdown

By Nell Gluckman |

Two of the country’s top bankruptcy lawyers—Kirkland & Ellis’ James Sprayregen and Jones Day’s Bruce Bennett—are facing off in the Chapter 11 case of a subsidiary of casino and gaming giant Caesars Entertainment Corp.