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With BofA Settlement Comes Shift in Work for Firms

By Julie Triedman |

Thursday's record $16.65 billion settlement with Bank of America means a winding down of government action against big banks over residential mortgage-backed securities. But several lawyers say the pipeline for firms representing these banks will remain full, as governments worldwide take aim at foreign exchange rate-setting and Office of Foreign Assets Control investigations.

The Churn

Simpson Thacher Raids Weil in London, Plus More Lateral Moves

By Brian Baxter |

Weil, Gotshal & Manges debt capital markets partner Gil Strauss has decamped for Simpson Thacher & Bartlett in London; Bank of America adds an Akin Gump partner; a Debevoise & Plimpton partner joins the U.S. State Department; and more notable moves from throughout The Am Law 200.

A BHP Billiton iron ore mine.

Four Firms Digging Into BHP Billiton Breakup

By Brian Baxter |

Cleary Gottlieb, Herbert Smith Freehills, Slaughter and May and ENSafrica are advising on a proposed demerger by BHP Billiton of several noncore assets into a new global metals and mining company, effectively unwinding part of the 2001 megadeal that created the Anglo-Australian minerals and mining giant.

Real Estate Roundup: Big Firms Move to Smaller Spaces

By MP McQueen |

Law firms are trading down in square footage per attorney when they take out new leases, and increasingly are looking for flexible, more economical spaces in line with the corporate clients they serve, commercial real estate experts say.

Andrea Neuman.

Inside Gibson Dunn's Winning Chevron Strategy

By Michael D. Goldhaber |

Through dogged detective work, the oil giant's lawyers pieced together the clues that pointed to fraud in an Ecuadorean court.

John Tavares, Bruce Ratner, Charles Wang and Patrik Elias take the ceremonial faceoff before a preseason game at the Barclays Center on September 21, 2013 in Brooklyn, New York.

Katten, Kaye Scholer Skate to Islanders Sale

By Brian Baxter |

Kaye Scholer is counseling the National Hockey League's New York Islanders on its reported $548 million sale to an investor group advised by Katten Muchin Rosenman that will take full control of the franchise in two years. The deal comes a week after Andrew Barroway, a former high-flying Philadelphia plaintiffs lawyer turned hedge fund executive, retained Blank Rome to sue the Islanders' current ownership after it allegedly reneged on a handshake deal to sell him the team.

stacks of cash

Fee Tracker: Cooley Law, Bridgegate and Monkey Selfie

By Brian Baxter |

Miller Canfield reaps big bucks from the rebranded Thomas M. Cooley Law School; Gibson Dunn's legal bills in New Jersey's Bridgegate scandal break the $6 million mark; a look at what a trio of trade organizations are paying a handful of Am Law 100 firms and the Wikimedia Foundation's simian copyright campaign.

Jones Day Nabs Shearman's LatAm M&A Head

By Brian Baxter |

Michael McGuinness, a corporate partner and former head of the Latin American M&A practice at Shearman & Sterling in New York, has left the firm for Jones Day, which over the past year has sought to slake its thirst for south-of-the-border clients by opening an office in Miami and making key lateral hires.

The Churn

Patton Boggs Diaspora Continues, Plus More Lateral Moves

By Brian Baxter |

After a short stint at Pillsbury Winthrop Shaw Pittman, a pair of former Patton Boggs litigators have joined several former colleagues at Manatt, Phelps & Phillips; a Sidley Austin litigation cochair goes in-house; a former Thelen firm leader retires; and more notable moves from throughout The Am Law 200.

A worker holds an Infineon Wafer in a production facility.

Kirkland, Freshfields, Fried Frank Advise on Infineon Buy

By Wenxiong Zhang |

German chipmaker Infineon Technologies AG has agreed to buy Silicon Valley-based International Rectifier Corp. in a $3 billion all-cash deal that would strengthen Infineon's regional presence and expand its economic scale in the power management technology business.

The Keys to Midlevels Satisfaction

By Ross Todd |

Our Midlevel Associates Survey documents the surprising role that law schools play in job satisfaction, as well as sharp differences by gender, race and sexual orientation.

Lifetime Achievers, Distinguished Firm Leaders Named

By Valori Corral-Nava |

The honorees selected by The American Lawyer have had distinguished careers that include public service. Law firm leaders have exhibited extraordinary stewardship of their firm.

Burger King, Tim Hortons Feed on Inversion Frenzy

By MP McQueen |

The two fast-food chains have agreed to an $11.4 billion tie-up that would send the combined company's headquarters up to Canada in the latest controversial tax inversion. Advising on the deal are Kirkland & Ellis, Paul Weiss, Wachtell and Munger Tolles, along with Canadian firms Davies Ward and Osler, Hoskin & Harcourt.

Cravath, Davis Polk Lead on Latest Big Drug Buy

By Brian Baxter |

In its biggest deal since its $46.8 billion takeover of Genentech in 2009, Swiss drug giant Roche has turned to Davis Polk & Wardwell for counsel on its $8.3 billion buy of suburban San Francisco-based lung disease drug developer InterMune, which is being advised by Cravath, Swaine & Moore and a Chicago IP boutique.

Welcome, Freshmen! A New Class Leads Am Law 100 Firms

By Julie Triedman |

A remarkable transformation is taking place among The Am Law 100 as nearly one in four firms takes on a new leader.

Twenty-Five Things Your Associates Want You to Know

By Ross Todd |

The one thing that midlevels want to tell their managing partner.

Miami Fort Station, located in North Bend, Ohio.

Am Law Firms Take Lead on Dynegy's Power Plan Purchase

By MP McQueen |

Dynegy Inc. will buy power plants and other assets from Duke Energy Corp. and private equity firm Energy Capital Partners in two separate deals worth a combined value of $6.25 billion. Skadden, White & Case, Bracewell & Giuliani and Latham & Watkins are all advising.

Snapchat CEO Evan Spiegel

Amid Snapchat’s Rise, Legal Advisers Abound

By Brian Baxter |

The Silicon Beach photo messaging service Snapchat was valued at $10 billion this week following an investment from venture capital firm Kleiner Perkins Caufield & Byers. Behind the startup's rapid rise to fame are a handful of firms, including Cooley, which does most of Snapchat’s outside legal work, and others like Perkins Coie and Quinn Emanuel Urquhart & Sullivan. Snapchat CEO Evan Spiegel is the son of two lawyers with Am Law 100 ties.

(From left to right) Reed Smith's Len Bernstein, Jim Mogan, Dana Janquitto, and Alexandra Sheedy-Rodriguez, with Will Rogers and Anthony Cucchi of The Trust for Public Land.

Reed Smith Helps Philadelphia Turn Concrete Into Green Space

By Alexandra Wilson |

The firm is offering its pro bono support to the Trust for Public Land to convert 10 schoolyards and recreation centers throughout Philadelphia into much-needed green space for the city's residents.

The Churn

Kirkland IP Duo Departs, Plus More Lateral Moves

By Brian Baxter |

Two more IP litigation partners leave Kirkland & Ellis, a Bingham McCutchen corporate partner goes in-house, Jones Day scores a Latin American dealmaker and Ropes & Gray grabs a high-profile private equity partner in our latest look at notable hires from throughout The Am Law 200.

Berlin Packaging

Two Am Law Firms Advise on Oak Hill's $1.43 Billion Deal

By Alexandra Wilson |

Gibson Dunn and Paul Weiss provided legal counsel on private equity firm Oak Hill Capital Partners' acquisition of container maker Berlin Packaging LLC from Bahrain-based investment firm Investcorp Bank BSC.

Global Legal Awards: Global M&A Deals of the Year

In this category, The American Lawyer's Global Legal Awards honor the 10 cross-border deals and disputes of 2013 that best exemplify the challenges of transnational legal practice.

Global Legal Awards: Global Finance Deals of the Year

In this category, The American Lawyer's Global Legal Awards recognizes the 10 deals that best exemplify the challenges of transnational finance practice, from capital markets offerings to capital restructurings to infrastructure projects conceived on a vast scale.

What Associates Can Do to Get Ahead—Right Now

By Ross Todd |

Advice for midlevels from hiring partners, career coaches and recruiters.

Baker & McKenzie in Amsterdam, The Netherlands

Baker & McKenzie to Open Belfast Back Office

By MP McQueen |

The firm plans to man the office, which will open next month, with 120 employees by the end of the year, and eventually ramp up to as many as 250 employees within the next three years.

Debevoise, Latham Tapped for Amazon's Twitch Purchase

By Alexandra Wilson |

The e-commerce giant will pay $970 million cash for San Francisco-based Twitch Interactive Inc., a videogame streaming company that attracted about 55 million unique users last month.

The Ambassador Bridge to Windsor, Ontario over Jefferson Avenue in Detroit, Mich. Detroit Bankruptcy Judge Steven Rhodes took a bus tour of the city on Aug. 8, 2014.

Detroit Bankruptcy Trial Steps Into Uncharted Territory

By Susan Beck |

The city's proposed plan to emerge from the biggest municipal bankruptcy is fraught with complexities. Among the issues to be argued by several Am Law firms during the six-week trial, which begins Tuesday, is whether securities holders insured by Syncora Guarantee Inc. are getting their fair share.

Am Law Firms Help Smooth Family Feud Over Market Basket

By Ross Todd |

Armed with a battalion of lawyers from Skadden, Ropes & Gray, Jones Day and Curtis Mallet-Prevost, warring factions of the family-owned Market Basket grocery stores announced a truce Thursday in their fight for control of the chain, with minority shareholders agreeing to buy out majority shareholders.

Bank of America to Pay $16.6B to Settle Fraud Claims

By Jenna Greene and Todd Ruger |

In the largest-ever settlement between the U.S. government and a single company, Bank of America Corp. on Thursday agreed to pay $16.6 billion in penalties and consumer relief for selling toxic mortgage-backed securities.

O'Melveny Sees Wave of Departures in Singapore

By Tom Brennan |

Over the past nine months, the Los Angeles-based firm has lost 14 lawyers in its city-state office. Why have so many left, and what does O'Melveny plan to do next?