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IN-DEPTH RESEARCH REPORT
on Simpson Thacher & Bartlett LLP

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

Simpson Thacher & Bartlett LLP

  • Designation: New York
  • Head Count: 837
  • Gross Revenues: $982,500,000
  • Revenue Per Lawyer: $1,175,000
  • Profits Per Partner: $2,665,000
  • Year Over Year Change: -1

Simpson Thacher & Bartlett is a New York-based law firm. The firm ranked 21st on The American Lawyer's 2011 Am Law 100 rankings of U.S. law firms by revenue, with gross revenue of $923,500,000 in 2010. Simpson Thacher & Bartlett has been in the top 25 of the annual Am Law 100 rankings since 1986. In the 2011 Global 100 survey, the firm was ranked as the 25th highest grossing law firm in the world. With 810 attorneys, Simpson Thacher & Bartlett placed thirty-fourth on the National Law Journal's 2011 NLJ 250 rankings of firms based on size. The firm's practice areas include antitrust, litigation, corporate law, discrimination and sexual harassment, and intellectual property. Its offices include locations in Los Angeles, Washington, DC, Palo Alto, London, Hong Kong, Tokyo, and Beijing.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 21 -1 Gross revenue
Am Law 200 21 -1 Gross revenue
NLJ 250 35 -1 Lawyer head count
The A-List 13 1 Overall excellence
Pro Bono Scorecard 39 -4 Pro-bono commitment
Diversity Scorecard 29 -8 Minority head count
Midlevel Associates Survey 56 -6 Job satisfaction
Summer Associates Survey 98 -9 Summer programs

In the News

Asia Deal Digest: April 3, 2014

Anna Zhang : The Asian Lawyer : January 03, 2014

* HWL Ebsworth advises restructuring Aussie mall developer Westfield on $20 billion in loan facilities* Slaughter and May and Freshfields on Singapore bank's proposed $5 billion Hong Kong acquisition* Skadden guides Chinese antivirus software maker on $300 million U.S. IPO

Attorney Deceit Suit Against Corwin, Greenberg Is Revived

Joel Stashenko : New York Law Journal : January 02, 2014

A suit against Greenberg Traurig and partner Leslie Corwin was revived Tuesday by the state Court of Appeals, which found that under legal traditions dating back to the early days of New York statehood—and even older British common law—the action is not time-barred.

Dealmakers of the Year: Standout Lawyers in Tough Times

Ross Todd : The American Lawyer : January 31, 2014

The lawyers behind the most innovative corporate work, plus the details of the transactions they negotiated.

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

Shareholder Activism in the M&A Context

David A. Katz and Laura A. McIntosh : New York Law Journal : January 27, 2014

In their Corporate Governance column, David A. Katz, a partner at Wachtell, Lipton, Rosen & Katz, and Laura A. McIntosh, a consulting attorney for the firm, write: Shareholder activism is poised to have an even greater impact in the M&A context this year and companies should be aware of and prepared for this possibility if they pursue an M&A transaction.

New Deals

Tom Huddleston Jr. and Brian Baxter : The Am Law Daily : January 27, 2014

Privately-held Swiss trading house Mercuria Energy Group has agreed to buy JPMorgan Chase's physical commodities trading unit in a deal worth $3.5 billion. Also, Media General announced Friday that it has agreed to acquire LIN Media LLC in a $1.6 billion cash-and-stock deal that, if completed, will create the second-largest local television broadcasting company in the country.

Big Firms Hitch Ride on River of U.S., Global IPOs

Brian Baxter : The Am Law Daily : January 27, 2014

Wilson Sonsini, Latham & Watkins, Fenwick & West and Cooley are among the Am Law 100 firms reaping the benefits of a surge in activity on the initial public offering front so far this year. And with the IPO pipeline packed, more large firms are poised to help corporate clients tap the capital markets.

Newsmakers: Week of March 24

: Texas Lawyer : January 24, 2014

Katherine D. Hoke, a business, real estate and commercial litigator, has been named managing partner of Shields Legal Group in Addison. Plus more new positions, appointments, awards and honors.

Hong Kong Looks Beyond Lost Alibaba IPO

Anna Zhang : The Asian Lawyer : January 24, 2014

Chinese e-commerce giant Alibaba Group's decision to hold what's expected to be the world's largest initial public offering since Facebook in New York instead of Hong Kong was long anticipated. But the company's recent final decision, which coincided with announcements of U.S. listings by other leading Chinese tech companies, has nevertheless swiftly renewed anxieties about Hong Kong's future as an IPO destination.

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.

Simpson Clerk Charged in Inside Trading Scheme

Brian Baxter : The Am Law Daily : January 20, 2014

The Securities and Exchange Commission and federal prosecutors in New Jersey have charged Steven Metro, a managing clerk at Simpson Thacher & Bartlett in New York, and Vladimir Eydelman, a Morgan Stanley stockbroker, with taking part in an insider-trading scheme that netted $5.6 million in illicit profits.

ExxonMobil-Insurer Settlements Prompt Disclosure Demand

Suevon Lee : Commercial Litigation Insider : January 20, 2014

The content of settlements ExxonMobil has reached with a dozen insurance companies over denied coverage of thousands of asbestos-related lawsuits should be turned over, certain insurers have argued to a Manhattan Supreme Court judge.

Asia Deal Digest: March 20, 2014

Anna Zhang : The Asian Lawyer : January 20, 2014

* Alibaba confirms New York IPO with Simpson Thacher at the helm* Allen & Gledhill and WongPartnership on Temasek-led bid to acquire commodities trader Olam* Latham leads on Indian travel site's $126.5 million Nasdaq share offering

The Am Law 100, the Early Numbers: Kirkland Tops $2 Billion in Revenue for First Time

Susan Beck : The Am Law Daily : January 20, 2014

Kirkland & Ellis passed the $2 billion revenue mark for the first time in 2014, while the firm's profits per partner rose just 1 percent, to $3.278 million, according to The American Lawyer's reporting.

Confessions and Police Deception; Rare Reversal in 'K2'

Roy L. Reardon and William T. Russell Jr. : New York Law Journal : January 19, 2014

In their New York Court of Appeals Roundup, Roy L. Reardon and William T. Russell Jr., discuss a criminal matter in which the Court of Appeals ruled that a confession obtained as a result of police deception of the defendant was inadmissible. They also address two insurance cases, one of which represents a rare reversal by the court on reargument of a decision that it rendered last year.

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.

The Score: March Madness Edition

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

With the field set for the National Collegiate Athletic Association men's basketball tournament, others can agonize over their brackets. The Am Law Daily's focus is on the lawyers and law firms with ties to the NCAA and the nation's top college sports conferences.

The Churn: Akin, Simpson Add Houston Partners, Plus More Lateral Moves

Tom Huddleston Jr. : The Am Law Daily : January 11, 2014

Akin picks up Baker & McKenzie's former North America oil and gas chair and Simpson hires an M&A partner from Baker Botts, both in Houston; Reed Smith welcomes two regulatory partners, in Chicago and Washington, D.C.; and K&L Gates lands new partners in Milan and Washington, D.C.

Testimony Makes Prison Garb Moot, a Federal Judge Rules

John Caher : New York Law Journal : January 11, 2014

A defendant whose attorney failed to promptly object to his appearance before a jury pool in a prison jumpsuit undermined his own ineffective assistance claim by repeatedly referring to his criminal record on the stand, a federal judge has held in a habeas corpus case.

AIG

John Caher : New York Law Journal : January 10, 2014

A commercial Renaissance on the scale of American International Group takes more than business savvy, financial acumen and marketing insight. It takes a crackerjack in-house legal team like AIG's Global Legal, Compliance, Regulatory and Government Affairs group.

The Asian Lawyer All-Star Awards

Anthony Lin : The Asian Lawyer : January 10, 2014

On March 5, at a gala dinner held at the Conrad Hotel in Hong Kong, The Asian Lawyer presented its inaugural All-Star Awards. We sought to do something different, recognizing excellence in advising key industries rather than simply honoring the biggest, highest-profile deals of the year (though we took those into account too). We also said we would be publishing the reasons for the decisions that we made. And so here we do exactly that, category by category.

Clifford Chance, Simpson Advise on Carlyle's Tyco Deal

Tom Huddleston Jr. : The Asian Lawyer : January 03, 2014

Tyco International is selling its South Korean fire protection and security unit to buyout firm Carlyle Group for $1.93 billion in cash.

Deals & Suits

: Corporate Counsel : January 01, 2014

Microsoft Beats Sanction Ahead of Web Patent Trial

Jan Wolfe : The Litigation Daily : January 25, 2014

Two weeks before trial in a case alleging that Microsoft infringes a patent for Web browsing, Fish & Richardson won a ruling that nixes adverse inference findings against the company.

First Department Appoints Discipline Committee Chair

Brendan Pierson : New York Law Journal : January 24, 2014

The First Department has appointed labor and employment attorney Ernest Collazo, managing partner of Collazo Florentino & Keil, to chair its Departmental Disciplinary Committee.

New Deals

Tom Huddleston Jr. : The Am Law Daily : January 20, 2014

One month after Time Warner Cable rejected a takeover bid as "grossly inadequate," the nation's second-largest cable company has attracted a better offer. Also, generic drug maker Actavis has said it will buy Forest Laboratories.

Asia Deal Digest: February 20, 2014

Anna Zhang : The Asian Lawyer : January 20, 2014

* Weil and MoFo on Chinese consortium's $2.5 billion logistics investment* Clifford Chance advising China's Dongfeng Motor Group on a proposed $1.1 billion investment in French automaker Peugeot* Herbert Smith Freehills and Baker & McKenzie on $1.37 billion Aussie utility deal

British Firms Not Conceding on U.S. Law Work in Asia

Anna Zhang : The Asian Lawyer : January 17, 2014

Slaughter and May's recent recruitment in Hong Kong of its first-ever lateral and first-ever U.S. law partner underscores the importance of U.S. law in Asia capital markets in particular. Though top British firms have notably failed to flourish in New York, they are determined to not let U.S. law become their Achilles heel in Hong Kong, where they face stiff competition from actual American firms.

Asia Deal Digest: February 6, 2014

Tom Brennan : The Asian Lawyer : January 06, 2014

* Skadden on planned $1.5 billion U.S. IPO for Chinese e-tailer JD.com* Allen & Overy advising a Korean, Thai and Lao JV on a $1 billion hydropower project in southern Laos* Clayton Utz and Herbert Smith Freehills lead on a $300 million Aussie pet supply merger

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.

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.

Move Fast and Call a Lawyer

Rebekah Mintzer : Corporate Counsel : January 01, 2014

Ten years since Facebook's birth, its legal department still faces novel issues every day. And users don't always hit the "like" button.

Deals & Suits

: Corporate Counsel : January 01, 2014

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

Simpson, Wachtell Advise on Big LatAm Banking Deal

Brian Baxter : The Am Law Daily : January 29, 2014

Brazil's Itau Unibanco, Latin America's largest bank in market value terms, has hired Wachtell, Lipton, Rosen & Katz for counsel on its $2.85 billion cash-and-stock bid for control of CorpBanca. The target, Chile's fifth-largest bank, has retained the services of Simpson Thacher & Bartlett. A trio of South American firms are also working on the deal.

Am Law Trio Advises on KKR's $2.3 Billion Insurance Buy

Brian Baxter : The Am Law Daily : January 27, 2014

Simpson Thacher & Bartlett's corporate lawyers grabbed a spot across the negotiating table from longtime client KKR on Monday, advising two private equity firms on the $2.3 billion sale of insurance claims processor Sedgwick Claims Management Services. Willkie Farr & Gallagher has also snagged a role for Sedgwick, while Latham & Watkins is representing KKR.

Winner, Antitrust Litigation Department of the Year: Simpson Thacher

Jan Wolfe : The American Lawyer : January 24, 2014

Simpson Thacher doesn't have the nation's biggest antitrust group. It just seems that way.

Weil Tunes In for SiriusXM on Liberty Takeover Bid

Brian Baxter : The Am Law Daily : January 24, 2014

SiriusXM Radio has retained Weil, Gotshal & Manges to advise on a $10 billion takeover bid announced earlier this month by cable giant John Malone's Liberty Media Corp. The hire is the latest large media-related M&A engagement for Weil.

Simpson on $2.5 Billion Mitsubishi Motors Share Sale

Tom Brennan : The Asian Lawyer : January 23, 2014

The automaker is raising money to buy back preferred shares held by other Mitsubishi affiliates.

Megadeals Put Am Law Trio Atop Final 2013 M&A Rankings

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

A handful of large transactions, including the third-largest deal in history, helped three firms—Davis Polk, Simpson Thacher and Wachtell—outpace their Am Law rivals in separate year-end rankings of M&A legal advisers released by Bloomberg, Mergermarket and Thomson Reuters.

Truck Stop Chains Set to Settle With Class for $130 Mil.

Ross Todd : The Litigation Daily : January 23, 2014

Lawyers representing a proposed class of about 4,000 independent truck stops announced Tuesday that they've reached a $130 million settlement in their antitrust lawsuit against leading trucker fleet payment card company Comdata Inc., as well as three national truck-stop chains.

Asia Deal Digest: January 23, 2014

Anna Zhang : The Asian Lawyer : January 23, 2014

* S&C, Simpson on Anheuser-Busch InBev's $5.8 billion repurchase of Korea's Oriental Brewery from PE shops* Simpson, S&C again on a $2.5 billion Mitsubishi Motors share sale* Linklaters advises Hong Kong conglomerate Jardine Matheson on an investment in car dealerships in China

Ace II Appeal Brings on Board Legal Heavyweight

Suevon Lee : Commercial Litigation Insider : January 23, 2014

The losing side in Ace II, the Appellate Division, First Department decision that has halted scores of lawsuits seeking to recoup investors' losses from defaulted mortgage loans, has hired one of the most high-profile appellate litigators in the country to argue its case before a higher court.

Comdata Settles Antitrust Suit with Independent Truck Stops

Ross Todd : The Litigation Daily : January 22, 2014

Lawyers from Berger & Montague, Quinn Emanuel Urquhart & Sullivan, and Lieff, Cabraser, Heimann & Bernstein have reached a $130 million settlement on behalf of a proposed class of about 4,000 independent truck stops that filed an antitrust suit against Comdata Inc. and three national truck stop chains.

Medical Monitoring, Shield Law for Journalists, Bidding at Auction

Roy L. Reardon and William T. Russell Jr. : New York Law Journal : January 21, 2014

In their New York Court of Appeals Roundup, Simpson Thacher & Bartlett partners Roy L. Reardon and William T. Russell Jr. discuss three decisions handed down in December where the court found that the statute of frauds did not enable a successful auction bidder with "buyer's remorse" to avoid his obligation to complete the purchase, applied New York's journalistic shield law to protect a reporter from being required to disclose her sources in an action brought in Colorado, and declined to recognize a cause of action for medical monitoring.

The Bankruptcy Files: Freedom Taps McGuireWoods for Chapter 11

Brian Baxter : The Am Law Daily : January 21, 2014

McGuireWoods is advising Freedom Industries, the company responsible for a recent chemical spill that prompted drinking water bans that affected 300,000 West Virginians, on its Chapter 11 filing. Meanwhile, Skadden and Kirkland are dominating the market on bankruptcy work amid a dearth of large filings and the latter is among the Am Law 100 firms handling out-of-court restructurings for clients like Altegrity, Brookstone and M*Modal.

Networking With Facebook's In-House Legal Team

Rebekah Mintzer : Corporate Counsel : January 21, 2014

Ten years since Facebook's birth, its legal department still faces novel issues every day. And users don't always hit the "like" button.

S&C on AB InBev's $5.8 Billion Korean Beer Buy

Anna Zhang : The Asian Lawyer : January 20, 2014

The brewing giant's re-purchase of Oriental Brewery Co. Ltd. from private equity firms KKR & Co. and Affinity Equity Partners is the largest foreign acquisition ever in Korea.

Correction

: New York Law Journal : January 17, 2014

Insurance Industry Deals a Boon to Big Firms

Brian Baxter : The Am Law Daily : January 16, 2014

A dozen Am Law 100 firms have grabbed roles on a series of transactions announced since the start of 2014 involving the insurance industry, where consolidation in the sector this year could could produce a bevy of business for transactional lawyers.

Asia Deal Digest: January 16, 2014

Tom Brennan : The Asian Lawyer : January 16, 2014

* Cleary and Sidley lead on $16 billion Suntory-Beam deal* Paul Hastings advising Chinese meat processor Shuanghui on a planned $6 billion IPO* Stephenson Harwood helps budget airline VietJet buy $800 million in jet engines

City Settles Lawsuits in RNC Arrests for $18 Million

Mark Hamblett : New York Law Journal : January 16, 2014

Activists and civil rights attorneys hailed the settlement, which includes $7.6 million for plaintiffs lawyers' fees, as a vindication of their claim that police had no right to arrest some 1,800 protestors, bystanders, legal observers and journalists without individualized probable cause.

The 2014 Litigation Power Rankings

: The American Lawyer : January 15, 2014

The 25 firms whose litigators have fared the best in The American Lawyer's biennial Litigation Department of the Year competition since it launched in 2002.

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.

Hanna, Failed Supreme Court Nominee, Is Approved for Morris Co. Judgeship

Michael Booth : New Jersey Law Journal : January 14, 2014

The New Jersey Senate confirms seven nominees to the Superior Court, including Robert Hanna, whose long pending state Supreme Court candidacy expires this month for lack of advice and consent.

Cleary, Sidley Lead on $16 Billion Beam Sale

Tom Huddleston Jr. : The Asian Lawyer : January 13, 2014

Japan's Suntory has agreed to buy Beam, the maker of bourbon brands Jim Beam and Maker's Mark, in a cash deal worth roughly $16 billion, including the assumption of debt. Cleary is advising Suntory on the purchase, while Beam has turned to Sidley Austin.

Second City Shanghai

Anthony Lin : The Asian Lawyer : January 13, 2014

Despite its reputation as China's New York, Shanghai still doesn't compare as a financial—or legal—center. Not to New York, not to Hong Kong, not even to Beijing. A Shanghai office has become dispensable to some international law firms, and Beijing-based firms increasingly dominate the domestic profession. Could policy shifts, including the unveiling of a new Free Trade Zone, start to help Shanghai live up to its amazing skyline?

Cleary, Sidley Line Up $16 Billion Beam Sale

Tom Huddleston Jr. : The Am Law Daily : January 13, 2014

Japan's Suntory has agreed to buy Beam, the maker of bourbon brands Jim Beam and Maker's Mark, in a cash deal worth roughly $16 billion, including the assumption of debt. Cleary is advising Suntory on the purchase, while Beam has turned to Sidley Austin.

Leading M&A Transactions-Target or Acquirer Based in N.J.-2013

: New Jersey Law Journal : January 10, 2014

Leading M&A transactions with the target or acquirer based in N.J. in 2013.

Asia Deal Digest: January 9, 2014

Anna Zhang : The Asian Lawyer : January 09, 2014

* Gibson Dunn advising Hong Kong teleco on proposed $2.4 billion acquisition of local rival* Allen & Gledhill, Simpson on GIC's $2.8 billion buyout of Blackstone's stake in a London development* King & Wood Mallesons and Johnson Winter on a proposed Aussie natural gas merger

Judges Dismiss RMBS Suits as Untimely in Wake of Ace Ruling

Suevon Lee : Commercial Litigation Insider : January 08, 2014

At least two lawsuits involving defective residential mortgage loans that were later securitized and sold to investors have been tossed out in the wake of a recent appellate decision narrowing the time frame in which suits can be brought against financial sponsors.

Clifford Chance on GIC's $2.8 Billion Broadgate Buy

Anna Zhang : The Asian Lawyer : January 07, 2014

The Singaporean sovereign wealth fund is acquiring Blackstone's 50 percent stake in the City of London development.

Thompson & Knight, V&E, Simpson Lead on Offshore Oil Deal

Tom Huddleston Jr. : The Am Law Daily : January 07, 2014

SandRidge Energy is selling its Gulf of Mexico oil and gas holdings to private equity-backed Fieldwood Energy for $750 million in cash and the assumption of $370 million in liabilities. Thompson & Knight is advising Fieldwood on the deal, Simpson Thacher helped the company line up the necessary financing, and Vinson & Elkins is representing SandRidge.

Akin Acts on Landmark Israeli-Palestinian Natural Gas Deal

Brian Baxter : The Am Law Daily : January 07, 2014

A pair of Dewey & LeBoeuf defectors now with Akin Gump Strauss Hauer & Feld are advising the Palestinian Power Generation Company on a 20-year, $1.2 billion deal to purchase natural gas from Israel's Leviathan offshore gas field. Meanwhile, several other energy-related transactions announced this week have yielded roles for Morgan, Lewis & Bockius and Vinson & Elkins.

Tech Sector Dealmaking a Boon to Some Am Law 200 Firms

Brian Baxter : The Am Law Daily : January 07, 2014

Data shows that the tech sector was responsible for much of the global dealmaking activity last year and recently racked up nearly $3 billion in value and yielded assignments for Am Law 200 stalwarts Fenwick & West, O'Melveny, Weil and Wilson Sonsini.

Failed N.J. Supreme Court Nominee Bound for Trial Bench, With Others

David Gialanella : New Jersey Law Journal : January 07, 2014

Robert Hanna, whose New Jersey Supreme Court nomination has been stalled for a year and is about to expire, is a candidate for a Superior Court seat.

Baker Botts Dialed In for Liberty on Sirius XM Bid

Brian Baxter : The Am Law Daily : January 06, 2014

Liberty Media Corp., the holding company controlled by cable magnate John Malone, has turned again to its frequent outside counsel at Baker Botts for representation on its proposed bid to buy the 48 percent of Sirius XM Holdings it doesn't already own in a roughly $10 billion all-stock deal that values the satellite radio company at $27 billion.

For FHFA's Targets, It Paid to Pay Up Quickly

Jan Wolfe : The Litigation Daily : January 03, 2014

Newly released figures support the notion that General Electric Co. and Citigroup Inc. were smart to be the first to settle claims that they duped Fannie Mae and Freddie Mac into buying toxic securities.

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.

Late-Year M&A Surge a Boon to Some Am Law 200 Firms

Brian Baxter : The Am Law Daily : January 02, 2014

Data shows that mergers and acquisitions in the U.S. accounted for 43 percent of last year's global deal volume and that the nation's technology industry was responsible for much of the activity. The sector continued its dealmaking run over the past week with a batch of transactions that totaled nearly $3 billion in value and yielded assignments for Am Law 200 stalwarts Fenwick & West, O'Melveny, Weil and Wilson Sonsini.

Big Deals

David Marcus : The American Lawyer : January 02, 2014

Twitter IPO; Devon Energy/GeoSouthern/Crosstex;American Realty/Cole; Shire/Viropharma

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.

Midsize Private Equity Deals Keep Am Law Firms Busy

Tom Huddleston Jr. : The Am Law Daily : January 30, 2013

Kirkland and Ropes are advising on Bain's purchase of a majority stake in Bob's Discount Furniture; Simpson Thacher and Perkins Coie have landed roles on The Blackstone Group's $200 million investment in Crocs; and Dickstein Shapiro is representing Brynwood Partners on a pair of transactions announced within the past week.

Commercial Division Advisory Council Makes Headway

Suevon Lee. : New York Law Journal : January 27, 2013

Once just proposals on paper, the recommendations set forth by a task force on commercial litigation convened by Chief Judge Jonathan Lippman a year and a half ago are gradually nearing actualization.

A Recovery for European M&A?

Chris Johnson : The American Lawyer : January 27, 2013

In 2013, European dealmaking showed its first signs of health in five years.

Deutsche Bank Reaches Pact with FHFA

Jan Wolfe : The Litigation Daily : January 24, 2013

Deutsche Bank SA has become the latest bank to reach a mega-settlement with the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac.

Cold Remedy: Am Law 100 Firms Load Up on Pharma M&A

Brian Baxter : The Am Law Daily : January 24, 2013

Pharmaceutical M&A got a late-year shot in the arm, with nearly $10 billion in deals involving major industry players like AstraZeneca and Bayer as 2013 came to a close. A bevy of Am Law 100 firms led by Covington, Kirkland, Sullivan & Cromwell, Skadden, and Weil have grabbed lead roles on the transactions.

Bankers Become Realists as Recovery Leaves Them Sidelined

Bloomberg News : Daily Business Review : January 24, 2013

The sustained slump in takeovers has flummoxed M&A bankers whose employment depends on the prospect of deals.

Texas Trio Take Lead on Xmas Energy M&A Deals

Brian Baxter : The Am Law Daily : January 23, 2013

Andrews Kurth, Bracewell & Giuliani and Vinson & Elkins are advising on two big energy industry deals announced Monday: Regency Energy Partners' nearly $1.3 billion buy of two Texas pipeline systems and Kinder Morgan Energy Partners' roughly $1 billion acquisition of two tanker companies that transport crude oil.

Commercial Division Advisory Council Makes Headway

Suevon Lee : Commercial Litigation Insider : January 23, 2013

Once just proposals on paper, the recommendations set forth by a task force on commercial litigation convened by Chief Judge Jonathan Lippman a year and a half ago are gradually nearing actualization.

First Department Reverses Kornreich in Ace RMBS Case

Suevon Lee : Commercial Litigation Insider : January 20, 2013

A plaintiff trustee is time-barred from pursuing a repurchase claim against the sponsoring bank of a residential mortgage loan securitization due to the six-year statute of limitations for breach of contract actions, a unanimous Appellate Division, First Department panel ruled Thursday.

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.

Trustee Claim Against Bank in RMBS Suit Ruled Time-Barred

Suevon Lee : New York Law Journal : January 20, 2013

A plaintiff trustee is time-barred from pursuing a repurchase claim against the sponsoring bank of a residential mortgage loan securitization due to the six-year statute of limitations for breach of contract actions, a unanimous Appellate Division, First Department panel ruled Thursday.

Fenwick, Facebook Reunite for Follow-On Offering

Chelsea Allison : The Recorder : January 19, 2013

Lost Art, Debtor Action, 1993 Trade Center Bombing

Roy L. Reardon and William T. Russell Jr. : New York Law Journal : January 18, 2013

In their New York Court of Appeals Roundup, Simpson Thacher & Bartlett partners Roy L. Reardon and William T. Russell Jr. write: The Court of Appeals has issued a large number of decisions in recent weeks, including cases addressing the return of an ancient artifact looted from a German museum during World War II, the finality of a judgment arising out of the 1993 World Trade Center bombing, and the existence of a private right of action under the Exempt Income Protection Act of 2008.

Four Am Law 100 Firms Take Star Turns on WME's IMG Buy

Brian Baxter : The Am Law Daily : January 18, 2013

Hollywood talent agency William Morris Endeavor Entertainment and private equity backer Silver Lake Partners tapped Paul Weiss and Simpson Thacher, respectively, for counsel on their winning bid to acquire sports agency powerhouse IMG Worldwide from Forstmann Little & Co., which is being advised by Akin Gump and Kilpatrick Townsend as the private equity firm liquidates its portfolio.

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.

Deal of the Week: Sysco Corp. Gobbling Up US Foods in $8.2 Billion Deal

Brenda Sapino Jeffreys : Texas Lawyer : January 16, 2013

Houston-based food-service company Sysco Corp. turned to Wachtell, Lipton, Rosen & Katz and Arnall, Golden & Gregory for its pending acquisition of US Foods in a deal valued at about $8.2 billion.

Judge McLaughlin Remembered

Rick Kopstein, Photographer : New York Law Journal : January 13, 2013

A memorial service was held Wednesday for Second Circuit Judge Joseph McLaughlin at the Thurgood Marshall U.S. Courthouse at 40 Foley Square. McLaughlin died in August at age 80.

The Churn: Dentons Adds Toronto Dealmaker, Plus More Lateral Moves

Hillary Flynn : The Am Law Daily : January 13, 2013

Dentons lands a top Canadian deal lawyer from Baker & McKenzie; Abercrombie & Fitch hires a general counsel from the ranks of Greenberg Traurig; and Simpson Thacher & Bartlett expands in Houston.

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.

Post-Merger Control of Attorney-Client Privilege

Joseph M. McLaughlin : New York Law Journal : January 13, 2013

In his column for the New York Law Journal, Simpson Thacher & Bartlett partner Joseph M. McLaughlin reviews a Delaware Court of Chancery opinion adopting a bright-line rule that any attorney-client privilege attached to pre-merger communications pass to the acquirer in the merger unless the merger agreement provides otherwise, rejecting the New York approach to post-merger privilege.

Dealmakers of the Week: Wachtell's Brownstein and Roth

Tom Huddleston Jr. : The Am Law Daily : January 13, 2013

Andrew Brownstein and Benjamin Roth led the Wachtell team advising Sysco Corporation on its $8.2 billion purchase of rival food distributor US Foods from two private equity firms.

New Deals

: The Am Law Daily : January 12, 2013

Sysco Corporation said Monday it will buy rival food distributor US Foods in a deal worth $8.2 billion once assumed debt is factored in. Also, SAC Capital Advisors has agreed to sell its SAC Re reinsurance arm to an investor group led by former Marsh & McLennan CEO Brian Duperreault.

Post-Merger Control of Attorney-Client Privilege

Joseph M. McLaughlin : New York Law Journal : January 12, 2013

In his Corporate Litigation column, Simpson Thacher & Bartlett partner Joseph M. McLaughlin reviews a Delaware Court of Chancery opinion adopting a bright-line rule that any attorney-client privilege attached to pre-merger communications pass to the acquirer in the merger unless the merger agreement provides otherwise, rejecting the New York approach to post-merger privilege.

Haynes and Boone Helps Sears CEO Slash Stake in Retailer

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

Haynes and Boone is advising ESL Investments, a hedge fund controlled by Sears CEO Edward Lampert, on the reduction of its stake in the retail giant, which is seeking to sell off its Lands' End and Sears Auto Center businesses in an effort to cut costs and pay down debt.

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.

Circuit to Hold Memorial Service for McLaughlin

John Caher : New York Law Journal : January 10, 2013

A memorial service in honor of Joseph McLaughlin, a federal judge for 32 years and member of the Second Circuit bench from 1990 until his death in August, will be held Wednesday at 4 p.m.

Four Firms Feast on $8.2 Billion US Foods Sale

Tom Huddleston Jr. : The Am Law Daily : January 09, 2013

Sysco Corporation has agreed to buy rival food distributor US Foods in a deal that includes $4.7 billion in assumed debt. Wachtell and Arnall, Golden & Gregory are advising Sysco, while US Foods has turned to attorneys at Simpson Thacher and Debevoise.

MOVERS

: The National Law Journal : January 09, 2013

Abbie Maliniak joins Davis Wright Tremaine's health care practice as of counsel to the Los Angeles office. Plus more law firm movers in this week's column.

Q&A: Jane Hoffman

Christine Simmons : New York Law Journal : January 06, 2013

Jane Hoffman discusses the Mayor's Alliance for NYC's Animals, which is the largest and longest running collaboration of animal rescue groups and animal shelters in the United States, its roots in the New York City Bar, and her path from Simpson Thacher associate to dedicating her career to animal welfare.

New Deals

Brian Baxter and Sara Randazzo : New York Law Journal : January 05, 2013

Consumer marketing and branding company Authentic Brands Group has acquired the licensing rights to Elvis Presley and Muhammad Ali from Core Media Group, and CVS Caremark has entered into an agreement to buy Apria Healthcare Group's Coram infusion therapy business for approximately $2.1 billion in cash.

Asia Deal Digest: December 5, 2013

Quiteria Leung : The Asian Lawyer : January 05, 2013

* Davis Polk advising Chinese bad loan buyer Cinda on its upcoming $2.5 billion IPO* PetroChina turns to Herbert Smith Freehills for an Iraqi oil investment* Simpson Thacher and Amarchand on a $200 million Indian pharmaceutical investment by KKR

Magic Circle Firms Lead on Global Chemical Deals

Brian Baxter : The Am Law Daily : January 05, 2013

Allen & Overy and Clifford Chance have grabbed lead roles on a pair of large chemical industry mergers, while Covington & Burling, Weil, Gotshal & Manges and leading Australian firm Allens are advising on several other notable transactions in the same sector.

Deal of the Week: $6 Billion Eagle Ford Deal Means Work for Houston Lawyers

Brenda Sapino Jeffreys : Texas Lawyer : January 02, 2013

Houston lawyers are working on each side of a $6 billion Eagle Ford asset acquisition announced on Nov. 20. Devon Energy Corp. announced it reached a definitive agreement to acquire the Eagle Ford oil play assets from the privately held GeoSouthern Energy, which is based in The Woodlands.

Appellate Panel Hears Arguments in RMBS Case

Suevon Lee : Commercial Litigation Insider : January 02, 2013

Attorneys litigating a threshold issue on appeal in breach of contract repurchase actions over residential mortgage-backed securities faced a tough line of questioning Wednesday during oral arguments before the Appellate Division, First Department.

Quartet of Private Equity Deals Yield Roles for Big Firms

Brian Baxter : The Am Law Daily : January 02, 2013

Baker & McKenzie, Drinker Biddle, Freshfields, Kirkland & Ellis, Latham & Watkins, Norton Rose Fulbright, Skadden and Womble Carlyle led the way as several large firms landed lead roles advising buyout shops BC Partners, Odyssey Investment Partners, Permira and Thoma Bravo on nearly $3.9 billion in transactional work around the Thanksgiving holiday.

Deals & Suits

: Corporate Counsel : January 01, 2013

Harmony at Last

Jenna Greene : Corporate Counsel : January 01, 2013

After years of bickering, two agencies join to enforce antitrust laws.

Personal Notes on Lawyers

: New York Law Journal : January 29, 2013

Simpson Thacher has elevated six to partner, Greenberg Traurig and Thompson Hine have each added a partner, and William Harrington will serve as U.S. Trustee for New York, Connecticut and Vermont.

Asia Deal Digest: November 28, 2013

Quiteria Leung : The Asian Lawyer : January 28, 2013

*Skadden acts on U.S. IPO for Chinese classified advertising site 58.com*WongPartnership advises real estate developer Ascendas on new Indian property fund*Rahmat Lim & Partners and Allen & Gledhill advise Sime Darby Motors on Vietnamese acquisition

Simpson Thacher, S&C Land Roles on $2 Billion CVS Deal

Sara Randazzo : The Am Law Daily : January 27, 2013

Sullivan & Cromwell is representing first-time M&A client CVS Caremark on its planned $2.1 billion acquisition of Apria Healthcare Group's infusion therapy business, while Simpson Thacher & Bartlett is serving as lead counsel for Apria, which is owned by longtime Simpson Thacher client The Blackstone Group.

Ace Securities RMBS Appeal Heads to First Department

Suevon Lee : Commercial Litigation Insider : January 27, 2013

Back in October 2011, an attorney representing certificate-holders of mortgage-backed securities wrote a letter to a bank trustee, urging him to execute an attached tolling agreement, respond to an outstanding request to deliver certain mortgage files and, if necessary, to initiate litigation against the sponsoring financial institution.

Judge Refuses to Dismiss Legal Malpractice Lawsuit

Christine Simmons : New York Law Journal : January 26, 2013

An arbitration panel in 2006 found Roberts failed to establish he suffered any damage from the dissolution of Roberts & Finger.

Three Am Law Firms Lead on Bain's Applied Systems Sale

Hillary Flynn : The Am Law Daily : January 26, 2013

Bain Capital said Tuesday it has agreed to sell software maker Applied Systems for $1.8 billion to fellow private equity firms Hellman & Friedman and JMI Equity. Bain is being advised on the deal by frequent outside counsel Ropes & Gray, as is Applied. Hellman & Friedman and JMI are, respectively, relying on Simpson Thacher & Bartlett and Goodwin Procter as their lead outside counsel.

Judge: Damages Limited to Formula in Repurchase Protocol

Suevon Lee : Commercial Litigation Insider : January 26, 2013

A trust that securitized residential mortgage loans it purchased based on allegedly false representations and warranties made by a sponsoring financial institution cannot recover damages beyond those specified in the pooling and servicing agreement, a Manhattan state court judge has ruled.

Dealmaker of the Week: Simpson's Andrew Calder

Tom Huddleston Jr. : The Am Law Daily : January 22, 2013

Calder led the Simpson Thacher team advising GeoSouthern Energy on its $6 billion sale of shale assets to Devon Energy.

Asia Deal Digest: November 21, 2013

Tom Brennan : The Asian Lawyer : January 21, 2013

*Morrison & Foerster guides Global Logistics Properties on creation of $3 billion fund*Simpson Thacher leads Chinese gaming company Boyaa Interactive's $127 million IPO*Gadens advises PanAust on majority-stake purchase in Papua New Guinea gold and copper mine

Thirteen Firms Advise on $2.6 Billion Pharmaceutical JV

Tom Huddleston Jr. : The Am Law Daily : January 20, 2013

Dutch life and materials sciences company Royal DSM is spinning off its pharmaceutical manufacturing unit into a joint venture with private equity firm JLL Partners that will then buy pharmaceutical company Patheon. The deal, worth roughly $2.65 billion in total, generated legal advisory roles for a host of large law firms.

Schweitzer Lets Discovery Proceed in DLJ Mortgage Capital Suits

Suevon Lee : Commercial Litigation Insider : January 20, 2013

Discovery will move forward in a pair of lawsuits involving securitization trusts that held troubled residential mortgage loans issued by a Credit Suisse Holdings subsidiary, a Manhattan Supreme Court judge has ruled.

Skadden, Simpson Hang Hats on Another Shale Deal

Brian Baxter : The Am Law Daily : January 20, 2013

In the latest big energy deal out of shale-rich Texas, Skadden, Arps, Slate, Meagher & Flom is advising Devon Energy on its $6 billion acquisition of assets from private equity-backed GeoSouthern Energy. Simpson Thacher & Bartlett, which opened a Houston office two years ago, has taken the lead for GeoSouthern.

Third Parties and Negligence; Discovery Sanction; Uncharged Crime

Roy L. Reardon and William T. Russell Jr. : New York Law Journal : January 19, 2013

In their New York Court of Appeals Roundup, Roy L. Reardon and William T. Russell Jr., partners at Simpson Thacher & Bartlett, discuss cases involving the scope of a drug testing laboratory's liability to third parties who are negatively affected by the lab's negligence, the introduction of evidence of an uncharged crime, and more.

Rise of the Machines: Using Big Data to Make Better Decisions

Angela Morris : Texas Lawyer : January 18, 2013

Harnessing big data could reveal the best case strategy or even predict the outcome. While that may be rare now, some firms are using big data for a less esoteric purpose: setting accurate fee estimates for their clients.

A Ten-Year Look at Who Gets the Most Work

: New Jersey Law Journal : January 15, 2013

Representing Corporate New Jersey

: New Jersey Law Journal : January 15, 2013

Asia Deal Digest: November 14, 2013

Quiteria Leung : The Asian Lawyer : January 14, 2013

* Vinson & Elkins on CNPC's $2.6 billion Peruvian oilfield buy* MoFo and Wilson Sonsini take the lead on a $917 million Chinese semiconductor deal* Clifford Chance helps MSG giant Ajinomoto buy into the Turkish sauce market

Tourre Defender Sean Coffey to Join Kramer Levin

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

John "Sean" Coffey, the former securities class action heavyweight, litigation funder and New York attorney general hopeful, is joining Kramer Levin Naftalis & Frankel as a partner in December. Most recently, Coffey worked on the defense team of ex–Goldman Sachs bond trader Fabrice Torre, who was found liable in August of civil securities fraud.

The Churn: Lateral Moves in The Am Law 200

Hillary Flynn : The Am Law Daily : January 12, 2013

Pepper Hamilton poaches three Goodwin Procter partners to open in Silicon Valley; Wilmer Cutler Pickering Hale and Dorr takes a partner from Weil, Gotshal & Manges; and Brown Rudnick hires the former cochair of Bingham McCutchen's life sciences practice. .

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.

Citing Pending Appeal, Orrick Asks for Stay in RMBS Repurchase Cases

Suevon Lee : Commercial Litigation Insider : January 08, 2013

The parties directly involved in a case headed to the Appellate Division, First Department, on the issue of when the statute of limitations begins to accrue on breach of contract claims for the repurchasing of residential mortgage-backed securities are not the only ones who feel they have a stake in the outcome.

Asia Deal Digest: November 7, 2013

Quiteria Leung : The Asian Lawyer : January 07, 2013

* Skadden, Russell McVeagh advise on New Zealand's largest-ever IPO for Meridian Energy* Baker & McKenzie guides a Chinese conglomerate buying a Hong Kong bank for $1.5 billion* A Dubai commodities firm turns to Stamford for a Singapore reverse merger

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.

Pro Bono Academy Offers Advice to Small Businesses

Tania Karas : New York Law Journal : January 04, 2013

An event at the Apollo Theater in Harlem on Tuesday brought together volunteer lawyers from 31 firms and entrepreneurs and heads of small nonprofits, many of whom had never gotten counsel on their businesses from an attorney before, let alone one from a big corporate law firm.

The Churn: Lateral Moves in The Am Law 200

Hillary Flynn : The Am Law Daily : January 01, 2013

GrayRobinson merges with trial firm Hirschhorn & Bieber; the former managing partner of Milbank, Tweed, Hadley & McCloy's Asia practice joins investment bank Moelis & Co.; and Cozen O'Connor launches an international arbitration practice..

How Are U.S. Firms Faring in London?

Chris Johnson : The American Lawyer : January 31, 2013

Dechert, Simpson Seal $1.65 Billion Food Packaging Deal

Tom Huddleston Jr. : The Am Law Daily : January 31, 2013

Food packaging company Crown Holdings has agreed to acquire Mivisa Envases, a Spanish manufacturer of food cans, from investment funds managed by affiliates of The Blackstone Group, Spanish private equity firm N+1 Mercapital and the company's management. Dechert is advising Crown, and Simpson Thacher is representing the sellers.

Asia Deal Digest: October 31, 2013

Quiteria Leung : The Asian Lawyer : January 31, 2013

* Rajah & Tann on a $1.1 billion bid for a Chinese food company* Morgan Lewis helps a Texas oil company make a Malaysian exit* Squire Sanders and White & Case line up for U.S. cloud computing acquisitions by Japan's NTT

Big Deals

David Marcus : The American Lawyer : January 31, 2013

Verizon/Vodafone; Amgen/Onyx; Microsoft/Nokia

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.

The Experts

: New York Law Journal : January 30, 2013

The New York Law Journal thanks our legal columnists who have been contributing to the Law Journal from the 1960s to the present day.

Am Law Firms Cut into $1.1 Billion Timber Deal

Tom Huddleston Jr. : The Am Law Daily : January 29, 2013

Plum Creek Timber Company has agreed to acquire all of packaging company MeadWestvaco's U.S. timberlands, and will also invest in the latter's South Carolina rural development properties. Wachtell and Nelson Mullins are advising Richmond-based MeadWestvaco on the transaction.

Asia Deal Digest: October 24, 2013

Quiteria Leung : The Asian Lawyer : January 24, 2013

*Morrison & Foerster advises Japan's Softbank on another U.S. telecom investment, worth $1.3 billion*Ropes & Gray acts for Blackstone-led consortium on $625 million purchase of Chinese IT company*Simpson Thacher guides KKR on its first investment into Malaysia

Private Equity Ties Yield Roles for Top Firms

Brian Baxter : The Am Law Daily : January 24, 2013

Clifford Chance, Kirkland & Ellis, Schulte Roth, Simpson Thacher, and Weil, Gotshal & Manges are queuing up to the private equity pipeline to advise on a handful of deals by top buyout shops. The transactions, which come as many private investment firms embark on a major fundraising drive, reveal the close ties between such law firms and their PE clients.

Litigation-Funding Exec Jailed for Conspiring With Broker for Fees

David Gialanella : New Jersey Law Journal : January 21, 2013

An attorney and former partner at a litigation-funding firm has drawn a prison term for conspiring with a New Jersey broker to defraud business associates of nearly $870,000.

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.