Editor's Picks

The Global 100: Outward Bound

The number of lawyers in the non-U.S. offices of Am Law 200 firms has increased steadily since 1998.

Bingham Faces Internal Battles Amid Uncertain Future With Morgan Lewis

By Brian Baxter |

A month after Bingham McCutchen's management disclosed to its partnership plans to merge with Morgan, Lewis & Bockius, lingering issues remain over what a combined firm might look like. At the same time, Bingham is grappling with internal issues, including controversial pay packages, a heavy debt load and an exodus of top talent.

The Must-Have Perk

By Vivia Chen |

Is your job covering you for egg freezing?

Robert Tannous of Porter Wright Morris & Arthur (L), Matthew Feeney of Snell & Wilmer (R)

Snell & Wilmer, Porter Wright to Swap Out Firm Leaders

By Nathalie Pierrepont |

Snell & Wilmer announced on Tuesday that John Bouma, who served as chair for 30 years, will be replaced by corporate partner Matthew Feeney. Porter Wright Morris & Arthur will also see a leadership change, with its chief operating partner Robert Tannous to take over for Robert "Buzz" Trafford, who served managing partner for 18 years.

The Churn

A Sidley Partner's Quick Turnaround, Plus More Lateral Moves

By Brian Baxter |

Six weeks after joining Fried Frank, former Sidley Austin securities and derivatives enforcement head David Katz returns to the firm; Kirkland & Ellis makes two more high-profile additions; Schulte Roth snags Patterson Belknap's trusts and estates chair; and other notable hires from throughout The Am Law 200.

Kirkland Loses One PE Partner, Pays Top Dollar for Another

By Brian Baxter and Julie Triedman |

In yet another high-profile lateral addition, Kirkland & Ellis poached Weil, Gotshal & Manges private equity partner Douglas Ryder in New York. The hire is the latest in a series of notable moves by Kirkland, which also recently raided Ropes & Gray in Hong Kong, but will lose the founding partner of its San Francisco office to a longtime private equity client.

Wachtell, Cleary Gottlieb Grab Lead Roles as TPG Ups Stake in CAA

By Nathalie Pierrepont |

The private equity firm is stepping up its investment in Creative Artists Agency to become the majority owner of the talent agency. TPG turned to Wachtell Lipton, Rosen & Katz for legal advice, while CAA tapped Cleary Gottlieb Steen & Hamilton.

IBM Pays Globalfoundries $1.5B to Take Over Chip Business

By MP McQueen |

Cravath, Hogan Lovells and Weil advise as IBM agrees to pay Santa Clara, Calif.-based Globalfoundries, Inc. $1.5 billion in cash to take on its money-losing semiconductor business, including manufacturing plants and intellectual property.

Report: Rents Up, Square Footage Down for Am Law 200 Firms

By MP McQueen |

The downsizing trend for office space continues but is starting to slow as many firms already have given up space per lawyer to save money, according to the latest survey by commercial real estate services company Jones Lang LaSalle.

Legal News and Gossip Roundup

By Vivia Chen |

Some juicy, quirky news items you might have missed.

Tesoro Refinery Fidalgo Bay, Washington

Six Am Law 100 Firms Smooth Way for Another Pipeline Deal

By Brian Baxter |

As the U.S. moves to become the world's largest oil producer, lawyers from Cooley, Latham & Watkins, McGuireWoods, Norton Rose Fulbright, Simpson Thacher & Bartlett and Wachtell, Lipton, Rosen & Katz are helping QEP Resources unload its natural gas pipeline and processing unit for $2.5 billion in cash to Tesoro Logistics, a refinery operator owned by Tesoro Corp.

Two Am Law 100 Firms With California Roots Expand Abroad

By Nathalie Pierrepont |

Orrick, Herrington & Sutcliffe is opening up shop in West Africa, while Littler Mendelson's growing Latin American presence gets a boost with a new outpost in Peru.

Skadden Continues M&A Hot Streak With Two Big Deals

By Wenxiong Zhang |

The firm, which earlier this month took the top spot on three separate rankings for its M&A work, is representing longtime client Permira Advisers on its $3.5 billion sale of Arysta LifeScience Ltd. to Platform Specialty Products. Skadden is also advising British Columbia Investment Management Corporation as it partners with Macquarie Infrastructure and Real Assets to purchase electric utility Cleco Power for $3.4 billion.

Russian Legal Market Turns Bearish for International Firms

By Julie Triedman |

As sanctions have dried up cross-border deal flow in Russia, U.S. firms are feeling the pinch.

The Churn

Edwards Wildman's Tech Cochair Departs, Plus More Lateral Moves

By Brian Baxter |

Another Edwards Wildman Palmer partner departs ahead of the firm's proposed merger later this year with Locke Lord; a Bingham partner heads to the FCC; Fried Frank and Kirkland & Ellis add a pair of new partners; and other notable moves from throughout The Am Law 200.

Wachtell Advises Chesapeake on $5.38 Billion Asset Sale

By Wenxiong Zhang |

Chesapeake Energy announced Thursday that it would sell a large portion of its gas business in Northern West Virginia and Southern Pennsylvania to Houston-based rival Southwestern Energy. The deal allows Chesapeake to pay down a substantial amount of debt accrued from past expansion efforts.

Elon's 'Groundbreaking New Model'

By Steven J. Harper |

In a battle between reforming legal education and preserving the currently prevailing law school business model, guess which side wins?

Drone Practices Take Off at Hogan Lovells, MoFo

By Nathalie Pierrepont |

Hogan Lovells and Morrison & Foerster are the latest Am Law firms to launch new practice groups focused on drones in the race to claim an early stake in the business.

Covington Gets Qualcomm Call, Loses Two Litigators

By Brian Baxter |

Wireless technology company Qualcomm tapped Covington & Burling to advise on its proposed $2.5 billion acquisition of CSR, a British chipmaker known for its Bluetooth technology. At the same time, the firm saw two top litigators handling Deepwater Horizon-related oil spill work for BP depart its Beltway base for Kirkland & Ellis.

Fried Frank Picks Up Tax Duo in New York, London

By Brian Baxter |

A month after losing its former leader and two other capital markets partners to Freshfields Bruckhaus Deringer, Wall Street mainstay Fried, Frank, Harris, Shriver & Jacobson is bringing on two tax partners from King & Spalding and Orrick, Herrington & Sutcliffe.

The Careerist: Kings of the Jungle

By Vivia Chen |

Do you fit the profile of a leader?

How Global 100 Firms Rate on Pro Bono Work

By Michael D. Goldhaber |

Our first survey of pro bono efforts among non-U.S. global firms shows good effort—and room for improvement.

Am Law Firms in Africa See Minimal Effects of Ebola—For Now

By Nathalie Pierrepont |

The outbreak of the virus has led to postponed conferences, travel restrictions and reliance on videoconferences with clients for some firms doing business in West Africa, where the virus has taken its greatest toll. But for the most part, it's been business as usual.

Fenwick & West Advises Symantec on Split

By Wenxiong Zhang |

The Mountain View, Calif.-based antivirus software maker announced that it would separate its businesses, joining a recent wave of technology companies such as Hewlett-Packard and eBay that have decided that two is better than one.

GE Bags Skadden's Pozen for Top Antitrust Role

By Brian Baxter |

Sharis Pozen, a former acting assistant U.S. attorney general for antitrust who joined Skadden, Arps, Slate, Meagher & Flom in July 2012, left the firm this month to become vice president for global competition and antitrust at General Electric. Pozen is the latest high-profile Am Law 100 partner to join the in-house legal ranks of the Fairfield, Conn.-based conglomerate, which has tapped Skadden to advise on its pending $17 billion buy of the energy unit of French engineering giant Alstom.

The Churn

Dickstein Shapiro IP Group Defects, Plus More Lateral Moves

By Brian Baxter |

Manatt, Phelps & Phillips adds a three-partner West Coast IP team from struggling Dickstein Shapiro; Boies Schiller loses a litigator to Barclays, but grabs Al Franken's former general counsel; Davis Polk and Willkie Farr bring back partners from public service; and other notable hires from throughout The Am Law 200.

Cadwalader Hails Nobel Prize-Winning Pro Bono Client Malala Yousafzai

By MP McQueen |

The firm has represented Yousafzai since 2012, when it helped her negotiate and establish The Malala Fund while she was still hospitalized in England after an assassination attempt by the Taliban.

Geberit Bathroom Fixtures.

Geberit Taps Latham for $1.35 Billion Buy of Sanitec

By Wenxiong Zhang |

The Swiss bathroom-piping maker said on Tuesday that it would purchase Sanitec Group, a Nordic ceramic toilet maker, for $1.35 billion in an all-cash deal.

The Careerist: In Men (and Karma) We Trust

By Vivia Chen |

Don't worry, just work hard, advises Microsoft's CEO to women.

Am Law 100 Trio Fuel Up for Formation of Pipeline Giant

By Nathalie Pierrepont |

Targa Resources Partners and Targa Resources Corp. announced plans to buy Atlas Energy and its midstream subsidiary, Atlas Pipeline Partners, in a transaction valued at about $7.7 billion. Covington & Burling, Vinson & Elkins and Wachtell, Lipton, Rosen & Katz have grabbed lead roles on the matter.