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Bingham Headlines Latest Round of Merger Rumblings

By Brian Baxter |

After a spate of lateral departures following a tough financial year in 2013, Bingham McCutchen has reportedly sounded out several Am Law 100 firms for potential tie-up talks, which come at a record-setting time for law firm mergers.

AK Steel in Mansfield, Ohio

Russian Steelmaker Sells U.S. Plants for $2.3 Billion

By MP McQueen |

Skadden, Arps, Slate, Meagher & Flom is representing OAO Severstal in the sale of its North American subsidiaries to U.S. competitors Steel Dynamics Inc. and AK Steel Holding Corp. Weil Gotshal & Manges is advising AK Steel while Fort Wayne, Ind.-based Barrett & McNagny is counseling Steel Dynamics.

Danica McKellar and Scott Sveslosky at the 2014 Billboard Music Awards

The Careerist: Big Law Partner to Wed Star of Wonder Years

By Vivia Chen |

The latest in gossipy, curious and totally irrelevant news about people in law.

Wachtell Raids Simpson Thacher for Executive Compensation Expert

By Brian Baxter |

A month after Wachtell, Lipton, Rosen & Katz executive compensation partner Jeremy Goldstein left the venerable Am Law 100 firm to start his own practice, the country's most profitable shop on a profits-per-partner basis looked outside its ranks to find a replacement in Simpson Thacher & Bartlett partner Andrea Wahlquist. She becomes only the fourth lateral partner hire in Wachtell's storied history.

Are You a Smokin' Bucketful of Awesome?

By Steven J. Harper |

Some law school apologists resist the suggestion of a crisis in legal education; others, like University of North Carolina professor Bernard Burk, have the courage to speak up.

Alibaba IPO Reportedly Pushed Off Until September

By Jamille Sutton |

Although some had expected the much-anticipated initial public offering of Alibaba Group to happen in the first week of August, the Chinese e-commerce company is now planning to go public sometime after Labor Day, a person briefed on the matter told The New York Times reports.

Liberty Global Buys Stake in the U.K.'s Broadcaster ITV

By Jamille Sutton |

International cable company Liberty Global said on Thursday it has purchased a 6.4 percent stake in the British free-to-air commercial broadcaster ITV.

House’s $1.4 Billion Budget for SEC Falls Short of Request

By Jamille Sutton |

The House of Representatives approved a spending bill on Wednesday that falls short of the funding request for Securities and Exchanges Commission to improve its investment adviser oversight, Investment News reports.

The Churn

The Churn: As DLA Turns, Plus More Lateral Moves

By Brian Baxter |

A flurry of moves at DLA Piper; a longtime Quinn Emanuel partner departs; and Bingham loses two more amid merger talks in our latest look at notable hires from throughout The Am Law 200.

1955 Mercedes “Gullwing”

SEC Charges Investment Advisor With Misusing Funds

By Isobel Markham |

A Seattle-based advisor allegedly used client money to buy a ski vacation home and refinance a rare vintage car.

Seven Indicted in Stock Manipulation Scheme

By Isobel Markham |

Federal officials allege that the pump-and-dump enterprise caused investors to lose at least $50 million.

SEC Denies NASDAQ Plan for Options Rebates

By Isobel Markham |

The proposal would violate rules mandating that an exchange’s fees cannot be unfairly discriminatory or hinder competition, the SEC determined.

Quiz: Do You Have a Drinking or Drug Problem?

By MP McQueen |

If you answer yes to more than one of these 20 questions, it's time to get help, experts say.

More Lawyers Asking for Help for Alcohol, Drug Abuse

By MP McQueen |

Experts say growing job stress may be taking a toll on lawyers these days. Evidence in the field suggests more problems. A national study is underway.

Dealmaker of the Week: Davis Polk & Wardwell's William Chudd

By Vinayak Balasubramanian |

Chudd led the deal team advising Irish drugmaker Shire Plc on its sale to AbbVie for $54.8 billion in cash and stock—marking the largest ever corporate inversion, in which a U.S.-based company lowers its taxes by moving overseas.

Alibaba Reduces Number of Shares Yahoo Must Sell in IPO

By Jamille Sutton |

Alibaba Group Holding Ltd. agreed to reduce the number of shares that Yahoo Inc., one of its biggest stakeholders, is required to sell in the Chinese e-commerce company’s initial public offering, The New York Times reports.

Former New Mexico Governor Charged with Concealing Information

By Jamille Sutton |

The Securities and Exchange Commission announced fraud charges against four individuals, including former New Mexico Governor Toney Anaya, for concealing from investors the fact that two lawbreakers ran the investment firm Natural Blue Resources Inc., the SEC announced Wednesday.

Jack Lew

Obama Administration to Push for Anti Inversion Legislation

By Jamille Sutton |

In the wake of an international mergers and acquisitions surge, the Obama Administration is urging lawmakers to pass legislation to limit inversions, in which U.S. companies buy a smaller competitor abroad and reincorporate overseas to save on taxes, The New York Times reports.

Four Firms Advise on Latest Deal Arising From North America’s Energy Boom

By Brian Baxter |

Foley & Lardner, Dorsey & Whitney and leading Canadian firms Miller Thomson and Stikeman Elliott are advising on a $3.8 billion oil and gas merger that will create the largest producer in North Dakota's lucrative Bakken Shale formation.

Roger Mansukhani and Miles Scully

Amid Shrinking Nameplates, Gordon & Rees Expands

By Brian Baxter |

In an era when many large firms have shortened their monikers, Gordon & Rees added two new name partners to its shingle earlier this year to become Gordon Rees Scully Mansukhani. Miles Scully, one of those partners, talks with The Am Law Daily about that decision, litigation with Alex Rodriguez and his firm's expansion efforts as it prepares to celebrate its 40th anniversary.

Clockwise: Senators Bob Mendez, Mark Warner, Pat Toomey, Mike Crapo

Senators Ask Treasury to Address Investor Tax Concerns

By Isobel Markham |

The bipartisan group has sent letters to the Treasury Department pushing for relief for money market fund investors from tax rules proposed by the SEC.

Barclays, Deutsche Bank To Appear At Senate Hearing

By Isobel Markham |

At issue is their sale of products to hedge-fund manager Renaissance Technologies that reportedly enabled it to skirt borrowing limits and avoid taxes.

The Careerist: Do Men Really Want Paternity Leave?

By Vivia Chen |

Men overwhelmingly support paternity leave. Sort of.

FSB Considers Changes to Benchmarking Procedures

By Isobel Markham |

Body may lengthen the one-minute trading windows during which benchmarks are set.

NCAA president Mark Emmert.

Latham Reaps Benefits From NCAA's Myriad Legal Issues

By Brian Baxter |

A tax filing released this week by the National Collegiate Athletic Association, the embattled governing body for college sports, shows the big money it paid to Latham & Watkins during its most recent fiscal year.

SEC Commissioner Michael Piwowar.

SEC’s Piwowar Slams FSOC in Speech

By Isobel Markham |

Commissioner calls regulatory body “unaccountable and nontransparent.”

U.S. Securities & Exchange Commission building in Washington, D.C. August 21, 2013. Photo by Diego M. Radzinschi/THE NATIONAL LAW JOURNAL.

SEC Prepares to Review Accredited Investor Standard

By Isobel Markham |

Periodic reconsideration is mandated by the Dodd-Frank Act.

Gerry Schwartz, chief executive officer of Onex Corp.

Am Law Duo Leads on Onex's Insurance Business Boost

By Wenxiong Zhang |

Kirkland & Ellis and Fried, Frank, Harris, Shriver & Jacobson advised on the deal, in which a group of investors led by Onex will pay $1.33 billion to acquire York Risk Services from ABRY Partners.

Rupert Murdoch.

Am Law 100 Trio Advising on Murdoch's Time Warner Bid

By Brian Baxter |

Skadden, Arps, Slate, Meagher & Flom and Hogan Lovells are representing Rupert Murdoch's Twenty-First Century Fox on its $80 billion unsolicited takeover bid for Time Warner, which has rejected the offer. Cravath, Swaine & Moore is advising Time Warner on the matter. All three firms have long histories with the two media giants.

Sidley, Wachtell Handle GTECH Deal

By Vinayak Balasubramanian |

The Italian lottery operator wants to acquire Las Vegas–based slot-machine maker International Game Technology.