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IN-DEPTH RESEARCH REPORT
on Cravath, Swaine & Moore LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
  • - Key Contacts

Cravath, Swaine & Moore LLP

  • Designation: New York
  • Head Count: 453
  • Gross Revenues: $603,000,000
  • Revenue Per Lawyer: $1,330,000
  • Profits Per Partner: $3,435,000
  • Year Over Year Change: 1

Cravath, Swaine & Moore is based in New York. In The American Lawyer's 2011 Am Law 100 rankings of U.S. firms based on revenue, the firm placed 44th with $591,000,000 in gross revenue in 2010. In terms of size, the firm placed 78th on the 2011 NLJ 250 rankings, with 495 attorneys. In the 2011 Global 100 survey of firms worldwide, Cravath ranked as the 51st highest grossing law firm. Cravath has an office in London in addition to its New York headquarters. The firm is a general practice firm which divides its practices into seven areas: corporate law; litigation; trusts and estates; tax; international; executive compensation and benefits; and pro bono.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 50 1 Gross revenue
Am Law 200 50 1 Gross revenue
NLJ 250 85 -7 Lawyer head count
The A-List 31 -10 Overall excellence
Pro Bono Scorecard 42 41 Pro-bono commitment
Diversity Scorecard 68 -18 Minority head count
Midlevel Associates Survey 111 -27 Job satisfaction
Summer Associates Survey 77 -26 Summer programs

In the News

Apple, Ford, GE Team Up for Patent Lawsuit Reform

Andrew Ramonas : Legal Times : January 03, 2014

Fearing upheaval in the U.S. patent system, Apple Inc., Ford Motor Co., General Electric Co. and other major companies have united to influence patent lawsuit reform in Congress, tapping former U.S. Patent and Trademark Office director David Kappos for advice.

Apple, Ford, GE Team Up for Patent Lawsuit Reform

Andrew Ramonas : Corporate Counsel : January 03, 2014

Fearing upheaval in the U.S. patent system, Apple Inc., Ford Motor Co., General Electric Co. and others have formed the Partnership for American Innovation to influence patent reform in Congress.

Does the Government Need More Ammo to Fight Patent Trolls?

Andrew Ramonas : Corporate Counsel : January 01, 2014

Current and former senior members of the executive and judicial branches say the courts and the Federal Trade Commission may already have the tools to fight patent trolls.

Big Suits

Jan Wolfe, Ross Todd, and Rebekah Mintzer : The American Lawyer : January 31, 2014

Motorola v. AU Optronics; In re Bank of American RMBS litigation; Vichi v. Konicklijke Philips; and more

Big Deals

David Marcus : The American Lawyer : January 31, 2014

Comcast/Time Warner Cable; Actavis / Forest Labs; Facebook / WhatsApp; Santander Consumer USA IPO; Carlyle / J&J Diagnostics Unit

Skadden to Settle Fletcher Bankruptcy Case for $4.25 Million

Tom Huddleston Jr. : The Am Law Daily : January 24, 2014

While disputing a court-appointed trustee's claim that it had not "adequately" protected former client Alphonse "Buddy" Fletcher Jr.'s hedge funds and those who invested in them, Skadden, Arps, Slate, Meagher & Flom has agreed to pay $4.25 million to avoid any potential legal claims stemming from the bankruptcy of one of those funds.

Credit Suisse Settles MBS Claims With FHFA for $885 Million

Jan Wolfe : The Litigation Daily : January 21, 2014

The odds of seeing the Federal Housing Finance Agency go to trial this year in its litigation campaign against Wall Street got a lot slimmer on Friday, when Credit Suisse AG became the latest defendant to throw in the towel.

The Am Law 100, the Early Numbers: Elite New York Firms Pull Away

Julie Triedman : The Am Law Daily : January 20, 2014

A year after making only slight financial gains, a group of New York–based firms made up of some of The Am Law 100's most profitable members put even more distance between itself and the rest of the pack in 2013, according to The American Lawyer's reporting.

Government's Insider Trading Net Snags Simpson Thacher Clerk

Brian Baxter : The Am Law Daily : January 19, 2014

The SEC and federal prosecutors in New Jersey charged Steven Metro, a managing clerk at Simpson Thacher & Bartlett, along with a Morgan Stanley stockbroker, with taking part in a $5.6 million insider trading scheme involving some of Simpson Thacher's star private equity clients.

Court Sides With Abducting Parent on Child's Return

Marcia Coyle : supreme_court_brief : January 05, 2014

The U.S. Supreme Court, increasingly drawn into disputes over international child abductions, ruled on Wednesday that a treaty's one-year period to demand return of a child cannot be extended because the abducting parent concealed the child's location.

The Am Law 100, the Early Numbers: Cadwalader Revenues Tick Up While PPP Drops

Julie Triedman and Christine Simmons : The Am Law Daily : January 03, 2014

Attributing the dip to delayed payments and to market volatility, Cadwalader posted a slight decline in profitability last year. But revenues were up for a third straight year.

Big Deals

David Marcus : The American Lawyer : January 01, 2014

Suntory/Beam; Google/Nest Labs; Lenovo/IBM low-power server business/Motorola Mobility

Chancery Dismisses With Prejudice Claims Against Electronics Giants

Jeff Mordock : Delaware Business Court Insider : January 26, 2014

The Delaware Court of Chancery has dismissed with prejudice a fraud and misrepresentation lawsuit filed by Italian businessman Carlo Vichi, who provided financing to fund a joint venture between the world's two largest electronics companies, Philips and LG Electronics. In the 183-page opinion, the court concluded that the plaintiff failed to prove his claims under either Delaware or Italian law.

Litigation

: New York Law Journal : January 24, 2014

In this Special Report from the New York Law Journal: "Analyzing the Power to Tax Internet Sales," "Extraterritorial Reach of White-Collar Criminal Statutes," "Product Design Liability Outside the Chain of Distribution?" and "Question Will Linger After En Banc Review of 'Lighting Ballast.'"

Extraterritorial Reach of White-Collar Criminal Statutes

Benjamin Gruenstein and Alan Guy : New York Law Journal : January 24, 2014

Benjamin Gruenstein and Alan Guy of Cravath, Swaine & Moore write: It remains to be seen whether the Second Circuit's affirmation of 'Bowman' in 'Vilar' will place a limit on the class of criminal laws to which 'Morrison' will apply. The potential impact of 'Vilar' on several criminal laws familiar to white-collar practitioners is analyzed herein.

Corrections

: New York Law Journal : January 19, 2014

Bonuses Spread to Associates at Midsize and Small Firms

Christine Simmons : New York Law Journal : January 19, 2014

Associate bonuses are no longer confined to large law firms. Midsize firms and boutiques say they are increasingly using individualized merit pay paired with incentive packages to retain and reward their most talented lawyers.

Court Tosses Claim of Malpractice Against Cadwalader

Brendan Pierson : New York Law Journal : January 18, 2014

Cadwalader Wickersham & Taft has won dismissal of a claim that it committed malpractice by failing to give appropriate advice to a Japanese asset management firm about a mortgage securitization, though it must still face a claim that it failed to do due diligence.

Lateral hiring hurts law firms in the long run, law professors conclude

Meredith Hobbs : Daily Report : January 14, 2014

In these slow-to-no-growth times of sluggish demand for legal services, AmLaw 200 firms pin their hopes on lateral partners to boost revenue and increase market share.

Cadwalader Faces Narrowed Malpractice Claim Over Nomura Advice

Jan Wolfe : The Litigation Daily : January 13, 2014

With a long-awaited trial on the horizon, Cadwalader, Wickersham & Taft persuaded an appeals court to trim a $70 million malpractice suit brought by former client Nomura Asset Capital Corp., a sponsor of mortgage-backed securities.

The U.K. Deferred Prosecution Agreement Arrives

John Buretta : The National Law Journal : January 12, 2014

For years many prosecutors in the United Kingdom wished they could use U.S.-style deferred prosecution agreements (DPAs) to prosecute corporate crime. That wish is now a reality.

New York Sees Growth in Partner Promotions

Christine Simmons : New York Law Journal : January 03, 2014

A survey of New York's largest firms shows a slight uptick in the number of lawyers promoted to partner last year. The number of new partners firmwide at remained almost even from the number in 2012.

The Careerist: Don't Look for Absolution in Law

Vivia Chen : The Careerist : January 03, 2014

News about fabulist Stephen Glass, the English Maiden, and Dilworth's new chairman.

In-House Counsel Profile: Accenture's Julie Sweet

Lisa Holton : The National Law Journal : January 03, 2014

Julie Sweet manages an international legal department of 1,500, including 470 lawyers. More than 40 percent of the attorneys are based in North America.

The Lateral All-Stars

Hillary Flynn, Tom Brennan, Chris Johnson and Jan Wolfe : The American Lawyer : January 03, 2014

The most high-profile lateral partner moves of 2013.

Is Reliance on Lateral Hiring Destabilizing Firms?

William Henderson and Christopher Zorn : The American Lawyer : January 03, 2014

More than ever, firms look to laterals to boost profitability. But the data shows that it's not working.

Paul Hastings Team Helps Ink $750 Million Sale of Accelrys

Chelsea Allison : The Recorder : January 30, 2014

New Deals

: The American Lawyer : January 30, 2014

Two years after the collapse of its attempted takeover of rival Vulcan Materials, Martin Marietta Materials said Tuesday it will pay $2.7 billion to acquire Dallas-based cement-maker Texas Industries. Also, China's Lenovo Group has agreed to acquire the IBM's low-end server division for $2.3 billion.

Asia Deal Digest: January 30, 2014

Anna Zhang : The Asian Lawyer : January 30, 2014

* Stephenson Harwood guides a Vietnamese budget airline in for a $9 billion jet order* Weil advises Lenovo and Cleary guides Google on their $2.9 billion smartphone deal* Cleary has its turn acting for Lenovo on its $2.3 billion acquisition of IBM's low-end server business

Cravath, Cleary Advise as Lenovo Buys IBM Server Unit

Brian Baxter : The Asian Lawyer : January 23, 2014

Longtime Cravath, Swaine & Moore client IBM announced Thursday that it has agreed to sell its low-end server unit to Beijing-based Lenovo Group, the world's largest personal computer maker, for $2.3 billion.

New Deals

Tom Huddleston Jr. : The Am Law Daily : January 23, 2014

Private equity firm The Carlyle Group has agreed to purchase a blood-testing unit from health care giant Johnson & Johnson in a deal worth $4.15 billion.

Cravath, Cleary Advise as Lenovo Buys IBM Server Unit

Brian Baxter : The Am Law Daily : January 23, 2014

Longtime Cravath, Swaine & Moore client IBM announced Thursday that it has agreed to sell its low-end server unit to Beijing-based Lenovo Group, the world's largest personal computer maker, for $2.3 billion.

Fried Frank, Paul Weiss Lead on Time Warner Center Sale

Brian Baxter : The Am Law Daily : January 17, 2014

The Am Law 100 firms—well versed on the subject of Manhattan's pricey commercial real estate—are advising media giant Time Warner Inc. on the $1.3 billion sale of its Columbus Circle headquarters to an investor group. The deal has also yielded roles for Gibson Dunn, Kirkland, Schulte Roth, Sidley Austin and Skadden.

Latham, Cravath Lead on $4.15 Billion J&J Unit Sale

Tom Huddleston Jr. : The Am Law Daily : January 16, 2014

Private equity firm The Carlyle Group is purchasing a blood-testing unit of Johnson & Johnson in a deal worth $4.15 billion. Latham is advising Carlyle on the purchase, while Cravath is lead counsel to Johnson & Johnson. Baker & McKenzie and Freshfields also landed roles advising J&J.

Am Law 100 Trio Take Lead on Time Warner Cable Bid

Brian Baxter : The Am Law Daily : January 14, 2014

Time Warner Cable said Tuesday it had rejected rival Charter Communications' $61.3 billion takeover bid, with the former relying on longtime outside counsel Paul Weiss for representation and the latter turning to Wachtell and Kirkland & Ellis. Should the companies end up striking a deal, a fresh round of cable industry consolidation—and a bevy of transactional assignments for other Am Law 100 firms—could follow.

The Careerist: Why Cooley is Cooler

Vivia Chen : The Careerist : January 13, 2014

Stephen Neal, the chairman of Cooley, dishes with The Careerist about his competitors, the type of hire who succeeds at his firm, and why his shop is one of the "nice" firms in Silicon Valley.

Alcoa Agrees to Pay $384 Mil. to Settle Foreign Bribery Case

Jenna Greene : The Legal Intelligencer : January 10, 2014

Aluminum giant Alcoa Inc. will pay $384 million to settle charges by the U.S. Department of Justice and U.S. Securities and Exchange Commission that the company violated the Foreign Corrupt Practices Act.

Cadwalader Names Woolery Chairman as of 2015

Brian Baxter : The Am Law Daily : January 10, 2014

Woolery, a 44-year-old Kentucky native and former business development chair at Cravath, Swaine & Moore, left his role as co-head of North American M&A at JPMorgan Chase last year to become Cadwalader's first deputy chair.

New Fellowship Aims to Restart Dormant Legal Careers

Sara Randazzo : The Am Law Daily : January 10, 2014

Four Am Law 100 firms—Baker Botts, Cooley, Hogan Lovells, and Sidley—have signed on to a new pilot program designed to put women lawyers who have stepped away from the profession for one reason or another back into a law firm setting.

Obama's Federal Circuit Picks Poised to Shake Up Patent Law

Scott Graham : The Recorder : January 10, 2014

Six judges are set to steer a course on patent reform, topple precedent and just maybe fall in line with the Supreme Court.

Alcoa to Pay $384M to Settle Foreign Bribery Charges

Jenna Greene : The National Law Journal : January 09, 2014

Aluminum giant Alcoa Inc. will pay $384 million to settle charges by the U.S. Department of Justice and U.S. Securities and Exchange Commission that the company violated the Foreign Corrupt Practices Act.

Woolery to Take Leadership of Cadwalader in 2015

Brian Baxter : The Am Law Daily : January 09, 2014

Cadwalader, Wickersham & Taft has named corporate cochair James Woolery to become head of the firm. Woolery, a Kentucky native and former business development chair at Cravath, Swaine & Moore who left his role as cohead of North American M&A at JPMorgan Chase last year to become Cadwalader's first deputy chair, will succeed W. Christopher White as chairman on Jan. 1, 2015.

Judge Awards $16.7 Million for Ex-Client of Cadwalader

Christine Simmons : New York Law Journal : January 03, 2014

The client, Red Zone, filed suit against the firm after the First Department ruled in 2010 that Red Zone owed $8 million plus interest due to the firm's alleged failure to ensure a letter agreement memorialized an oral agreement to limit Red Zone's liability for fees in an underlying transaction.

How We Picked The Litigation Department of the Year Winners

Robin Sparkman : The American Lawyer : January 02, 2014

The American Lawyer's Editor In Chief explains who won the Litigation Department of the Year competition and why.

Finalist, Securities Litigation Department of the Year: Cravath, Swaine & Moore

Amanda Bronstad : The American Lawyer : January 02, 2014

Cravath's securities litigation group makes up in brains for what it lacks in size.

Finalist, General Litigation Department of the Year: Akin Gump

David Bario : The American Lawyer : January 02, 2014

Recognized as a legal and lobbying powerhouse in Washington, D.C., Akin Gump has worked hard to enhance its litigation mojo nationwide. Has it succeeded? The answer is a resounding yes for a diverse group of clients.

Waiting for a New Director: Questions & Answers, Bernard Knight Jr.

Lisa Shuchman : Corporate Counsel : January 01, 2014

There's a lot of action in the patent world these days, but the PTO is still without a leader.

Cover Story: Litigation Department of the Year

: The American Lawyer : January 01, 2014

While the U.S. economy struggled to return to health over the last two years, big-ticket litigation was clearly a countercyclical buffer. And these litigators at The Am Law 200 were front and center.

Ex-Ropes Associate Set to Appeal Retaliation Suit Loss

Sara Randazzo : The Am Law Daily : January 30, 2013

John Ray III, who sued Ropes & Gray for discrimination and retaliation after being asked to leave the firm in 2008, continues to press his case against Ropes even after seeing a judge toss several of his claims and hearing a jury reject the rest of them last month.

For Attorneys, It's the Season for Collecting

Aric Press : The American Lawyer : January 27, 2013

While the rest of the western world finishes up the holiday season, big firm lawyers are busy trying to collect their outstanding bills before the end of the year.

FTC Approves Three Mergers With Conditions

Jenna Greene : Legal Times : January 27, 2013

The Federal Trade Commission will end the year with a bang, requiring divestitures to approve three pending mergers, including Fidelity National Financial Inc.'s $2.9 billion purchase of Lender Processing Services Inc.

For Attorneys, It's the Season for Collecting

Aric Press : Daily Report : January 23, 2013

While the rest of the western world prepared for the holidays, big firm lawyers, especially partners, were busy with a different task: trying to collect their outstanding bills before the end of the year.

Five Am Law Firms Lead as Sycamore Snags Jones Group

Hillary Flynn : The Am Law Daily : January 20, 2013

Private equity firm Sycamore Partners said Friday it has agreed to purchase wholesale retailer The Jones Group, which markets brands such as Nine West and Anne Klein, for $2.2 billion, including debt. Winston & Strawn and Simpson Thacher are advising Sycamore on the deal, while Cravath is representing The Jones Group, and Skadden is providing counsel to the company's board of directors.

For Attorneys, It's the Season for Collecting

Aric Press : The American Lawyer : January 20, 2013

While the rest of the western world prepares itself for the holidays, big firm lawyers, especially partners, are busy with a different task: trying to collect their outstanding bills before the end of the year.

Season's Joy

Jack McCoy : New York Law Journal : January 18, 2013

For the 31st year, The Legal Aid Society has sponsored a holiday party for homeless and other vulnerable children and their families; 500 attended the event on Dec. 12 in Synod Hall on the grounds of the Cathedral of St. John the Divine.

Three Firms Advise on KKR's Affiliate Buy

Tom Huddleston Jr. : The Am Law Daily : January 17, 2013

Buyout firm KKR is acquiring publicly traded credit investment affiliate KKR Financial Holdings in an exchange of stock worth $2.6 billion. Simpson Thacher is advising KKR, while Cravath is advising the private equity firm's independent directors. Wachtell is representing the target.

Am Law 100 Trio Advises on AIG's $5.4 billion Aircraft Deal

Hillary Flynn : The Am Law Daily : January 16, 2013

AIG is selling its aircraft leasing subsidiary to Netherlands-based AerCap Holdings for $5.4 billion in cash and stock. Debevoise & Plimpton advised AIG while O'Melveny & Myers represented its subsidiary, International Lease Finance Corporation. Meanwhile, AerCap tapped Cravath, Swaine & Moore and Netherlands firm NautaDutilh for counsel.

What Chinese Associates Make

Anna Zhang : The Asian Lawyer : January 16, 2013

A buyer's market for legal talent means junior lawyers at leading Chinese firms often make less in a whole year than a New York associate gets as a year-end bonus.

Quinn Emanuel's Successful Bet On Kathleen Sullivan

Susan Beck : The American Lawyer : January 15, 2013

When law professor Kathleen Sullivan joined the upstart Quinn Emanuel in 2005, it wasn't clear that this unusual pairing would work. It has.

Boies Schiller Tops Other Firms in Associate Bonuses

Sara Randazzo : The Am Law Daily : January 13, 2013

As it does every year, Boies Schiller has awarded associate bonuses significantly sweeter than those doled out by the rest of The Am Law 100, with the high end hitting $300,000. Meanwhile, at least 10 other firms have matched the range set by Cravath earlier this month.

Cahill Tops Cravath Bonuses; Others Reward Top Billers

Sara Randazzo : The Am Law Daily : January 13, 2013

Cahill Gordon & Reindel told its associates Friday that they will receive bonuses this year that range from $10,000 to $25,000 above the market scale established by Cravath, Swaine & Moore. Kaye Scholer and Schulte Roth & Zabel, meanwhile, plan to treat their highest-billing associates to bonuses beyond the $10,000-to-$60,000 standard.

Amid Deal Doldrums, Energy M&A Still Flows to Some Firms

Brian Baxter : The Am Law Daily : January 12, 2013

Though the volume of energy-related M&A transactions has dipped to a nine-year low, Herbert Smith Freehills, Norton Rose Fulbright, Vinson & Elkins and White & Case are closing out 2013 by grabbing leading roles on a spate of big deals tied to the industry.

Boies Schiller Tops Bonus Scale Again As Most Match Market

Sara Randazzo : The Am Law Daily : January 11, 2013

As it does every year, Boies, Schiller & Flexner has awarded 2013 associate bonuses significantly sweeter than those doled out by the rest of The Am Law 100, with the firm's high end hitting $300,000. Meanwhile, at least 10 other firms have now fallen in line with the $10,000-to-$60,000 range set, as usual, by Cravath, Swaine & Moore earlier this month.

Massey Settlement Came as Discovery Stay Was Set to End

Amanda Bronstad : The National Law Journal : January 11, 2013

The $265 million shareholder settlement with coal producer Massey Energy Co. came after the U.S. attorney's office in West Virginia, citing its criminal investigation into the Upper Big Branch Mine disaster, intervened to halt discovery in the civil case.

Case Tests Limits of Child-Abduction Treaty

Marcia Coyle : The National Law Journal : January 11, 2013

The U.S. Supreme Court on Wednesday waded into the emotionally weighted arena of international child abductions in a battle between Columbian parents of a little girl now living in the United States.

Magic Circle Partner Rates Up

Vivia Chen : The National Law Journal : January 09, 2013

Magic Circle partners' rates are up to 850 pounds per hour, which is about $1,376. That represents an increase of 62 percent since 2005, but the Brits don't make as much as the Yanks.

House Passes Innovation Act to Curb Patent Trolls

Todd Ruger : Legal Times : January 06, 2013

The U.S. House of Representatives passed patent reform legislation that would bring sweeping changes the intellectual property landscape and curb litigation abuse by so-called patent trolls.

Cravath Kicks Off Associate Bonus Season

Sara Randazzo : The American Lawyer : January 03, 2013

Cravath, Swaine & Moore announced extra payments for associates ranging from $10,000 to $60,000 that are identical to the stipends the firm awarded in 2012, according to an internal firm memo.

Magic Circle Partners' Rate Hits $1,375 an Hour + More News

Viva Chen : The Careerist : January 03, 2013

With Detroit's Chapter 9 Filing Approved, Some Firms Win Big

Brian Baxter : The Am Law Daily : January 03, 2013

In a historic ruling handed down Tuesday, U.S. Bankruptcy Judge Steven Rhodes approved Detroit's Chapter 9 petition and made the Motor City the largest U.S. municipality ever to declare itself legally insolvent. Rhodes' decision, which also permits the cutting of city pension obligations and the sale of municipal assets, means htat more than a dozen Am Law 200 firms will continue to rack up fees advising clients in the case.

Matching 2012 Stipends, Cravath Kicks Off Bonus Season

Sara Randazzo : The Am Law Daily : January 02, 2013

Cravath, Swaine & Moore waited until the first Monday after Thanksgiving to announce 2013 year-end associate bonuses that range from $10,000 to $60,000 and are identical to the extra pay the firm awarded last year.

Quinn Emanuel's Successful Bet on Kathleen Sullivan

Susan Beck : The American Lawyer : January 02, 2013

INADMISSIBLE: Ten Months Later—No PTO Chief In Sight

: The National Law Journal : January 02, 2013

It's hard to find a hotter topic than patent reform right now on Capitol Hill. It's even harder to find what the director of the U.S. Patent and Trademark Office has to say about it. Plus more in this week's column.

Minter Ellison Adding Two New Partners

Anna Zhang : The Asian Lawyer : January 27, 2013

The firm has hired Winston & Strawn Beijing managing partner Jem Li and Gide Loyrette Nouel Hong Kong partner Rebecca Silli. They start next month and in January, respectively.

Three NYC Lawyers to Make High Court Debut

Tony Mauro : The National Law Journal : January 26, 2013

The Supreme Court returns from Thanksgiving on Monday, Dec. 2 with a full plate of oral arguments that will bring the usual D.C. veteran advocates, as well as several New York City newcomers, to the lectern.

Patent Office Missing in Reform Debate

Todd Ruger : The National Law Journal : January 25, 2013

One key voice is missing from the debate on Capitol Hill on major reforms to the patent system—the head of the U.S. Patent and Trademark Office. That’s because there hasn’t been a director for more than 10 months—and patent attorneys are highlighting the void.

Five Firms Handle M&A Work for Lloyds, Goldman

Brian Baxter : The Am Law Daily : January 22, 2013

Lloyds Banking Group, the British banking giant created via a financial crisis-driven merger in September 2008, has tapped Hogan Lovells and Herbert Smith Freehills for the $1.1 billion sale of its asset management unit to Aberdeen Asset Management in a deal that will create Europe's largest fund manager. Meanwhile, Weil is advising Goldman Sachs on its $900 million purchase of an events services business.

Lawyer Convicted in Insider Trading Scheme Disbarred

Zoe Tillman : Legal Times : January 21, 2013

Matthew Kluger, a former law firm associate convicted in a 17-year, multimillion-dollar insider trading scheme, was disbarred today in the District of Columbia.

Jury Sides With Ropes & Gray in Retaliation Lawsuit

Sheri Qualters : The National Law Journal : January 20, 2013

A Boston federal jury took just 2 1/2 hours on Wednesday to reject former associate John Ray III's employment retaliation case against Ropes & Gray, which he'd accused of lashing out after he complained of racial discrimination.

Ropes Partners Take Stand to Rebut Retaliation Claim

Sheri Qualters : The National Law Journal : January 19, 2013

Ropes & Gray partner Diane Patrick took the stand in former associate John Ray III's employment retaliation case on Tuesday to explain why she changed her deposition testimony about whether Ray had informed her that another partner uttered a racial slur in his presence.

Representing Corporate New Jersey

: New Jersey Law Journal : January 15, 2013

Ousted Associate Testifies Against Ropes & Gray

Sheri Qualters : The National Law Journal : January 15, 2013

A former Ropes & Gray associate testified in a Boston federal courtroom Friday that he sought $21.5 million to settle his charge against the firm that he was retaliated against for complaining about racial discrimination.

Goldman Sets Strict Limits on Hours. Will Law Firms Follow?

Vivia Chen : The Careerist : January 14, 2013

Am Law 100, Canadian Firms Advise on Big Energy Deals

Brian Baxter : The Am Law Daily : January 12, 2013

Foreign buyers and private-equity firms continued to spur activity in the energy M&A sector over the past week, yielding roles for Andrews Kurth; Davis Polk & Wardwell; Jones Day; Locke Lord; Pillsbury Winthrop Shaw Pittman; Vinson & Elkins; and leading Canadian firms Osler, Hoskin & Harcourt and Burnet, Duckworth & Palmer.

Trial Opens in Retaliation Claim Against Ropes & Gray

Sheri Qualters : The National Law Journal : January 12, 2013

Former Ropes & Gray associate John Ray III's lawyer characterized him as "a man in a hurry" to fit into Ropes' white-shoe world as trial got underway Tuesday on Ray's claims that the firm lashed out at him for filing a discrimination claim.

Caution Urged on Patent Reform

Lisa Shuchman : The National Law Journal : January 11, 2013

While the America Invents Act has transformed patent law in major ways, Congress is already writing legislation that could further reform the system.

Despite Lateral Loss, Simpson Snags Another Deal for KKR

Brian Baxter : The Am Law Daily : January 11, 2013

Simpson Thacher & Bartlett has lost corporate and M&A partner Sean Rodgers to Kirkland & Ellis, marking the latter firm's latest high-profile lateral hire in recent months. Rodgers, who has been a partner at Simpson for nearly a decade, has handled several major deals for private equity giant KKR. Nonetheless, Rodgers' former firm is once again advising KKR this week on its $1.6 billion buy of landscaping company the Brickman Group.

Inadmissible

: New Jersey Law Journal : January 08, 2013

Short takes on lawyers, firms and judges.

Cravath, Gibson Dunn Tackle Another Homebuilding Deal

Tom Huddleston Jr. : The Am Law Daily : January 07, 2013

The Am Law 100 firms, both of which played lead roles on the $2.7 billion deal between Tri Pointe Homes and Weyerhaeuser Company earlier this week, are advising on Toll Brothers' $1.6 billion purchase of Shapell Industries' homebuilding business. Cravath is advising Toll Brothers on the deal, while a Gibson Dunn team is representing Shapell.

Ex-PTO GC Bernard Knight on the Future of Patent Law

Lisa Shuchman : Corporate Counsel : January 06, 2013

Against the background of a U.S. Patent and Trademark Office in flux, we talked to former PTO general counsel Bernard Knight Jr. about what's ahead in U.S. patent law.

Shearman Nabs Role on $1.2 Billion Software Sale

Brian Baxter : The Am Law Daily : January 06, 2013

Francisco Partners, a private equity firm focused on investments in the technology sector, has once again tapped Shearman & Sterling for transactional work. This time, the firm is advising on the proposed $1.17 billion sale of cloud-technology provider GXS Group to Canadian software company Open Text.

Does Big Law Make Big on Twitter?

Marlisse Silver Sweeney : Law Technology News : January 05, 2013

A look into Big Law's presence on Cornell Law School's top Twitter list.

How the Magic Circle Lost the Battle for New York

Chris Johnson : The American Lawyer : January 05, 2013

Despite decades of effort and millions of dollars spent, the U.K.'s Magic Circle firms still haven't made a dent in the New York market.

Am Law Firms Help Construct $2.7 Billion Tri Pointe Deal

Tom Huddleston Jr. : The Am Law Daily : January 05, 2013

Tri Pointe Homes has agreed to buy Weyerhaeuser Company's homebuilding and real estate subsidiary in a cash and stock deal worth $2.7 billion. Gibson Dunn is acting as lead counsel to Tri Pointe on the deal, while Cravath is advising Weyerhauser.

Patent Reform Push in Congress Draws Praise, Concern

Todd Ruger : The National Law Journal : January 04, 2013

As a new patent reform bill moves quickly on Capitol Hill, some legislators, patent lawyers and judges have warned it contains sweeping and sometimes unintended changes to the nation's intellectual property landscape.

Am Law 100 Trio Help Brookfield Get Bigger

Brian Baxter : The Am Law Daily : January 04, 2013

Brookfield Property Partners, an affiliate of commercial real estate giant Brookfield Asset Management, has agreed to pay $1.4 billion to increase its stake in mall owner General Growth Properties to 32 percent. Goodwin Procter, Willkie Farr & Gallagher and Canadian firm Torys are advising on the deal, while Weil, Gotshal & Manges is counseling the parent company on its closure of a $7 billion infrastructure fund.

Opinion: Law Firms Should Launch Residency Programs

Kelly Dunaway : The Connecticut Law Tribune : January 01, 2013

Given the state of the legal market following the Great Recession, with client demands for lower costs and a buyer's market for legal talent, law firm leaders should consider replacing their current system of junior-associate hiring with something more akin to a residency program.

Sizing Up an Orrick-Pillsbury Combo

Nathalie Pierrepont : The Recorder : January 01, 2013

Orrick may have finally met its match in James Rishwain Jr.'s energy-rich Pillsbury Winthrop.

How Are U.S. Firms Faring in London?

Chris Johnson : The American Lawyer : January 31, 2013

How the Magic Circle Lost the Battle for New York

Chris Johnson : The American Lawyer : January 31, 2013

Despite decades of effort and millions of dollars spent, the U.K.'s Magic Circle firms still haven't made a dent in the New York market.

Residencies Offer Cure for Associate Problem

Kelli Dunaway : New Jersey Law Journal : January 30, 2013

A two-year residency program would allow junior lawyers to rotate through several practice groups and be given full billable credit for all training exercises, while cutting exorbitant salaries.

Caution Urged as House Panel Takes Up Patent Reform

Todd Ruger : The National Law Journal : January 29, 2013

Caution Urged as House Panel Takes Up Patent Reform

Todd Ruger : The National Law Journal : January 29, 2013

As the House Judiciary Committee launched expedited hearings on a comprehensive patent reform bill on Tuesday, the former director of the U.S. Patent and Trademark Office had a different message: "Proceed with caution."

Residencies Offer Cure for Associate Problem

Kelli Dunaway : The National Law Journal : January 28, 2013

Law firms can save money by replacing 'Cravath' model of lawyer hiring with short-term try outs.

Four Am Law Firms Lead on $1.4 Billion Fertilizer Deal

Hillary Flynn : The Am Law Daily : January 28, 2013

Fertilizer manufacturer and distributor CF Industries said Monday it has agreed to sell its phosphate mining and manufacturing business to Mosaic Company for $1.4 billion. Skadden, Arps, Meagher & Flom is serving as counsel to CF Industries, while Dorsey & Whitney, Mayer Brown and Arnold & Porter are representing Mosaic.

New Deals

: New York Law Journal : January 24, 2013

AT&T has agreed to lease 9,100 of its cellphone towers and sell 600 of the units outright to Crown Castle International Corporation for a combined total of $4.85 billion in cash, and Advance Auto Parts will acquire privately held rival General Parts International in a takeover bid that will create North America's largest auto parts retailer.

Three Firms Tapped for $4.85 Billion Cell Tower Deal

Tom Huddleston Jr. : The Am Law Daily : January 21, 2013

Cravath is representing Crown Castle International in connection with its agreement to lease 9,100 cellphone towers from AT&T while buying another 600 towers from the company outright. Sullivan & Cromwell is advising AT&T on the deal and Bryan Cave is providing tax advice to the telecommunications giant.

DLA, Proskauer Handle JPMorgan's $725 Million Skyscraper Sale

Brian Baxter : The Am Law Daily : January 21, 2013

JPMorgan Chase, which is on the verge of reaching a $13 billion mortgage settlement with the Justice Department, has agreed to sell its 60-story office tower at One Chase Manhattan Plaza in downtown New York to China's Fosun International for $725 million. Proskauer Rose is advising JPMorgan on the deal, while DLA Piper is taking the lead for Fosun—the firm's second major real estate deal for a Chinese buyer in recent weeks.