The Am Law Daily The daily source for legal business news, analysis and intelligence from the editors and reporters at The American Lawyer. en-us Copyright 2016. ALM Media Properties, LLC. All rights reserved. The Am Law Daily Cosi's Bankruptcy Takes Bite Out of Cadwalader Cosi Inc. filed for bankruptcy this week in its hometown of Boston. The fast-casual restaurant chain has hired a 100-year-old firm to represent it in its Chapter 11 case, one in which it owes nearly $147,000 to New York?s oldest firm. Thu, 29 Sep 2016 18:18:13 EDT 1202768903096 Cadwalader Latest Big Firm to Close Offices in China In what Cadwalader, Wickersham & Taft has called an attempt to refocus on its core clients, the Wall Street firm confirmed Thursday its withdrawal from bases in Beijing and Hong Kong. Fried Frank and Chadbourne & Parke have made similar moves within the past 15 months. Thu, 29 Sep 2016 17:35:52 EDT 1202768898164 Faegre Unveils New Leadership Structure Faberge Baker Daniels, formed through a late 2011 merger, has named Thomas Froehle Jr. as its next chair and managing partner, replacing Andrew Humphrey in the role. The leadership change is effective March 1, 2017. Wed, 28 Sep 2016 18:31:13 EDT 1202768803405 Growing Data Threats Keep Deal Lawyers on Their Toes When it comes to deal lawyers and cybersecurity, the discussion is often over whether law firms are a weak link in their clients' data defenses. But what about lawyers' obligations to probe for cyber weaknesses within the companies doing the deals? Wed, 28 Sep 2016 17:07:03 EDT 1202768788450 After Hush-Hush Opening, Manatt Mulls Broader Chicago Offering Big law firms often trumpet a new office in a new city as a sign of increased demand for the firm and an investment in the future. That's not the case with Manatt, Phelps & Phillips' new base in the Windy City. Wed, 28 Sep 2016 15:02:18 EDT 1202768761782 Caesars Deal Means End of Fee Frenzy for Bankruptcy Lawyers A $5 billion agreement resolves billions of dollars in potential damage claims by disgruntled creditors, and brings the bankruptcy, which has spun off as much as $200 million in legal fees to a group of firms, a giant step closer to an end. Tue, 27 Sep 2016 18:54:35 EDT 1202768687962 Honigman Partner Who Saved Detroit?s Art Joins Jones Day A year after Jones Day opened an office in Detroit following its representation of the Motor City in its landmark Chapter 9 case, the firm has hired litigation partner Arthur O'Reilly, a former vice chairman of Honigan Miller Schwartz and Cohn. Tue, 27 Sep 2016 18:52:30 EDT 1202768687243 As Cybersecurity Hurdles Loom, Smaller Firms Face Big Challenges State regulators in New York this month proposed new rules that would subject law firms to annual cybersecurity assessments. Is your firm ready? Tue, 27 Sep 2016 16:35:30 EDT 1202768670107 Three Big Firms Advise on CBOE's Bats Exchange Buy Sidley Austin, Fried Frank and Davis Polk are advising on a $3.2 billion cash-and-stock deal that will see CBOE Holdings Inc., owner of the largest U.S. options exchange, acquire Bats Global Markets Inc., the nation's second-largest stock exchange operator. Tue, 27 Sep 2016 15:00:44 EDT 1202768655095 Global Legal Award Winners Announced. And the Winners Are... The American Lawyer honors the most important and creative cross-border work of the year in citizenship/pro bono, disputes, finance and mergers and acquisitions. Tue, 27 Sep 2016 00:00:00 EDT 1202768425088 Interactive Chart: U.S. Firms Abroad Mon, 26 Sep 2016 15:17:39 EDT 1202768551482 Three Bankruptcies and More Big Firm Creditors, Even Bingham Bingham McCutchen may have dissolved two years ago into Morgan, Lewis & Bockius, but the Boston-based firm is still listed as an unsecured creditor in the bankruptcy this month of defense contractor Fansteel Inc. Outstanding legal bills also resulted in eight other firms being listed as creditors in two more bankruptcy cases. Mon, 26 Sep 2016 14:27:39 EDT 1202768538142 The Global 100: Rankings and Analysis of the World?s Biggest Firms Top-grossing law firms saw slow and steady growth over the past year, with revenues and profits increasing. But challenges abound. Mon, 26 Sep 2016 00:00:00 EDT 1202768364871 Deal Watch: Tech Transactions Keep Corporate Practices Humming There have been $100 billion in IT and software deals in 2016 and last week another $4.2 billion got tacked on to that sum with the sales of Infoblox Inc. and Avnet Inc.'s technology solutions business. A bevy of big firms grabbed roles on those two deals. Sun, 25 Sep 2016 20:03:53 EDT 1202768477171