In the April 2004 Print Edition...
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The 2004 Corporate Scorecard
The year-end dealmaking uptick notwithstanding, much of 2003 was characterized by the same caution and uncertainty that haunted 2002. But, as always, some firms managed to stay busier than others.
By Jim Schroeder
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Dealmakers of the Year
Signs of a thaw abound. But in many ways the caution of 2002 gave way to...well, more caution in 2003. Is it any wonder that bankruptcy stars still outnumber the others?

  • Corporate Debt: Securities Warrior
    Cravath's Kris Heinzelman gets aggressive in the high-yield securities marketplace.
    By Jennifer Fried

  • REITs: Endurance Contest
    For triathlete James McKenzie, Jr., of Morgan, Lewis, the American Financial Realty IPO was no sprint.
    By Carlyn Kolker

  • Equities: His China Life
    Pulling off the year's biggest IPO was going to be tough for Debevoise's James Scoville. Then SARS hit.
    By Heather Smith

  • Municipal Bonds: Speed Demon
    White & Case's Neil Rust burned rubber to seal a deal for cash-strapped California.
    By Helen Coster

  • M&A: Invading France
    Sullivan & Cromwell's Scott Miller brings American takeover tactics from Silicon Valley to France.
    By Robert Lennon

  • M&A: A Bankers' Lawyer
    Cleary, Gottlieb's Paul Shim becomes a go-to man in a string of big-money financial industry mergers.
    By Robert Lennon

  • Bankruptcy: Big Client, Big Trouble
    The challenge for Weil, Gotshal's Marcia Goldstein: moving from mess to yes in the WorldCom case.
    By Matt Fleischer-Black
  • Bankruptcy: Power Player
    A take-no-prisoners approach by Paul, Weiss's Alan Kornberg pays off in PG&E's reorganization.
    By Vivia Chen

  • Bankruptcy: Turnaround Artist
    Skadden's John Butler, Jr., and a view of Chapter 11 as a technique in a dealmaking arsenal.
    By Andrew Longstreth

  • Bankruptcy: Building the Brand
    James Sprayregen's lofty ambition as an associate at Kirkland & Ellis grows into a world-class practice.
    By Andrew Longstreth

    Americans in Paris
    For once, it's not just the usual suspects having all the fun. How counsel were chosen in GE-Vivendi, the year's most prestigious deal, speaks volumes about global dealmaking in a new era.
    By Douglas McCollam

    Dispatches from the Front: Dealmaking Vignettes for 2003
    Touchy times for tax lawyers; Wachtell's seller-side ways; Fort Worth's bankruptcy stardom; who got rich(est) from WorldCom; signs of life in the Valley.

    The Rankings
    The biggest deals of 2003, and the firms that did the most.

  • Methodology and leaders rankings
  • Mergers and Acquisitions: Keeping the exuberance rational.
  • Equities: Saved by a second-half sprint.
  • Corporate Debt: A tale of two markets.
  • Asset-Backed Securities: Enron? It rings a bell, but...
  • Project Finance: Taking a spin in the refi market.
  • Municipal Bonds: A growth market in public debt.
  • REITs: Raising money, not hostilities.
  • Mutual Funds: In the spotlight--and hating it.
  • Bankruptcy: Brushing up on their Italian.

    Last Year's Scorecard

  • The German Lawyer
    Merger Meisters
    Minority shareholders got creamed in two recent cosmetics deals. Even Botox couldn't hide the flaws in the new German takeover law.
    By Michael D. Goldhaber

    Driving Force
    A conversation with Maria Arenz, general counsel of Porsche.
    By Michael D. Goldhaber

    Crossed by Delaware
    Talk about scandal backlash. Now even the judges in Wilmington can't be counted on to provide safe refuge for the occasional mogul misstep. It's enough to make a corporate lawyer moan: Is nothing sacred anymore?
    By Susan Beck

    Sneak Preview
    Citibank's financial picture of law firm finances in 2003 is pretty rosy--and looking better all the time.
    By Aric Press

    The Son-in-Lawyer
    Martha Stewart's lawyer son-in-law, John Cuti, played a unique inside role in her trial.
    By Vivia Chen

    On the Sidelines
    The Comcast/Disney takeover battle was just what Cravath, Swaine & Moore needed to put air back in its M&A tires. Its chances looked good at first. So why did it lose out to Wachtell?
    By Andrew Longstreth

    Bankrupt, With Flair
    What do boxer Mike Tyson and Penthouse publisher Bob Guccione have in common? A bankruptcy lawyer who seems to be having more fun than most lawyers in his field.
    By Carlyn Kolker

    O.J.'s Kids
    Inside the legal commentariat: how lawyers get jobs as television talking heads.
    By Amy Vincent

    The Taxman's Travails
    Can Jenkens & Gilchrist put its tax-shelter nightmare behind it with a $75 million settlement? Probably not yet, in light of the complications and disputes that haven't yet been resolved.
    By Paul Braverman
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    The E-Mail Life
    First it was the sushi memo. Now it's the Skadden Christmas-dinner memos.
    By Helen Coster

    On the Firing Line
    An interview with Greenberg Traurig's John Alternburg, who's heeding the call of duty to take on the controversial oversight of the Guantanamo prisoners' tribunals
    By Vivia Chen

    Got Appeals?
    The multiple legal attacks on government-funded generic food ads--such as the "Got Milk?" campaign--are headed for a Supreme Court showdown.
    By Matt Fleischer-Black

    A Season for Whistle-Blowers
    A Detroit federal prosecutor's claims that he was punished for complaining about the handling of a terrorism case is just one of many such claims against the government.
    By Matt Fleischer-Black

    Book of Business
    The month's top lateral moves and mergers.

    A Canadian IPO?
    What has the Canadian bar buzzing? The chance that a rules change could allow the sale of law firm shares to the public.
    By Jay Dixit

    An Expensive Waiver?
    There's a story behind the story of Morgan, Lewis's unhappy client, the one that sued over advice that got it convicted for trading with Cuba. By getting its client to sign a release, the firm may have dodged a malpractice problem--or maybe made it worse.
    By Jennifer Fried

    Getting Presidential
    Who stands more to gain from their past relationship: Patterson, Belknap or a onetime firm intern, Mikheil Saakashvili, who's now president of the Republic of Georgia?
    By Amy Vincent

    In-House
    The story behind the stories.
    By Aric Press
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    Big Suits

  • Coleman, et al. v. GMAC
  • Goodwin v. Anheuser-Busch and Miller
  • Japan v. Loral

    Top of the Docket: Test Driving a New Niche
    How a Tennessee solo practitioner, Clint Watkins, took on the case of a lifetime: the class action against GMAC over its credit policies.
    By Helen Coster

    Management: The Quick and the Dead
    What's the leading cause of law firm death? It's never a simple answer. But a new study shows which factors are present most often when firms are succeeding--or failing.
    By Burkey Belser and Mark T. Greene

    Client Watch: Staying Power
    It's report card time. Which corporate counsel fads from the nineties--such as convergence, legal bill audits, task-based billing, and online auctions--actually worked?
    By Krysten Crawford

    Books: Privacy Tyrants
    Trust Jeffrey Rosen to bring his sober analytical skills to the privacy debate. But it's a shame that his new book, The Naked Crowd, doesn't challenge the current orthodoxy that our privacy is worth preserving at all costs.
    By Paul Braverman
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    Dicta: Virtue Is Its Own Reward
    The stink raised by the Berkeley graduate school dean over a missed deadline for Fulbright grants provides a useful ethics lesson: Telling lies isn't wrong on strategic grounds. It's just wrong.
    By Steven Lubet
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  • Time Off: Cruising Alaska
    The natural wonders of coastal Alaska leave few visitors disappointed, and there is no better way to experience the splendor of the forty-ninth state than by boat.
    By Chris Santella

    Motion: Resetting the Standard
    The Mercedes-Benz E500 sedan.
    By Ronald Gordon

    Case of the Month: Worlds Apart
    French and German Rieslings: two countries, one grape--and a world of difference.
    By John Anderson
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