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 2014. ALM Media Properties, LLC. All rights reserved. The Am Law Daily Changes to Law School Standards Eliminate Waste The ABA approved a number of changes to law school accreditation standards, many of which reduce ways law schools waste students' money and time. Tue, 30 Sep 2014 18:36:08 EDT 1202671264181 Cravath Helps Johnson & Johnson Bag Another Pharma Firm Johnson & Johnson once again turned to longtime outside counsel Cravath, Swaine & Moore to advise on its $1.75 billion buy of privately held Alios BioPharma, a San Francisco-based viral drug developer being represented by Latham & Watkins. Tue, 30 Sep 2014 16:24:08 EDT 1202671889744 Icahn, Wachtell Meet Again Over eBay Nine months after Carl Icahn called for a split of eBay and PayPal, the San Jose-based online auction and retailing giant has turned to the activist investor's longtime nemesis Wachtell, Lipton, Rosen & Katz for legal counsel. Tue, 30 Sep 2014 15:59:54 EDT 1202671884484 Two Lawyers Are New Among Forbes 400 Richest Americans Welcome, Vincent Viola and Mark Walter. Another lawyer slips off the exclusive list. But don't worry; Leon Charney is still a billionaire. Tue, 30 Sep 2014 15:09:56 EDT 1202671873315 Kirkland, Wilson Sonsini Take Tibco Software Private Silicon Valley stalwart Wilson Sonsini Goodrich & Rosati is advising Tibco Software, the Palo Alto-based enterprise software company founded by Sacramento Kings owner Vivek Ranadive, on its proposed $4.3 billion sale to private equity firm Vista Equity Partners. The deal is the largest leveraged buyout in the technology industry so far this year. Mon, 29 Sep 2014 18:47:26 EDT 1202671772850 Am Law Trio Tapped for Encana's $5.3 Billion Energy Deal Canada's Encana Corp. has turned to Paul, Weiss, Rifkind, Wharton & Garrison, Vinson & Elkins and Canadian firm Blakes, Cassels & Graydon for legal advice on its acquisition of Fort Worth-based Athlon Energy Inc. Latham & Watkins is representing Athlon. Mon, 29 Sep 2014 18:45:09 EDT 1202671772615 Bingham Starts Hiring Again, Plus More Lateral Moves After months of partner departures, Bingham McCutchen has dipped into the lateral market to make some hires of its own by bringing on an energy partner in Washington, D.C., and a senior counsel in San Francisco. The Am Law Daily looks at those moves and other notable hires from throughout The Am Law 200. Sat, 27 Sep 2014 12:39:27 EDT 1202671612236 White & Case Opens Back Office in Tampa Or perhaps it's a tax break. White & Case is the latest Am Law 100 firm to announce the opening of a global services center separate from its other offices. The legal giant, which grossed $1.44 billion last year, has moved 45 back-office staff positions to Tampa thanks to $300,000 in incentives from the Sunshine State. Fri, 26 Sep 2014 17:16:09 EDT 1202671563638 Student Loans, Moral Hazard and a Law School Mess, Part II One manifestation of structural problems with the current mechanism for funding legal education is, well, structures. Fri, 26 Sep 2014 01:34:30 EDT 1202671298608 Norton Rose, Ex-Crowell & Moring Partner Enter NFL's Ray Rice Saga Richard Smith, head of regulatory and government investigations at Norton Rose Fulbright, has been hired by the National Football League Players Association for its investigation of the league?s indefinite suspension of former Baltimore Ravens star Ray Rice, who himself has retained former Crowell & Moring litigation partner Peter Ginsberg. Thu, 25 Sep 2014 17:55:49 EDT 1202671405277 Am Law 100 Firms Toast Beer, Aluminum Deals in Russia Despite worries over Western sanctions, a trio of Am Law 100 firms sidled up for the $700 million sale of Pabst Brewing Co. to Russia?s Oasis Beverages, while Russian veteran Cleary Gottlieb Steen & Hamilton advised aluminum giant United Company Rusal on its recent $5.15 billion debt restructuring. Thu, 25 Sep 2014 15:40:59 EDT 1202671379950 Australia's Slater & Gordon Continues UK Acquisition Spree Melbourne-based personal injury specialist Slater & Gordon, the world's first publicly traded law firm, is in talks to acquire Welsh trade union boutique Leo Abse & Cohen. A deal would be the Australian firm?s second U.K. takeover this month and its seventh since launching in the country in 2012. Thu, 25 Sep 2014 13:45:31 EDT 1202671355460 Three From Akin Launch Own Firms After Texas Suit Debacle Four months after withdrawing from litigation in an East Texas federal court due to their former client's alleged falsification of evidence, Akin Gump Strauss Hauer & Feld partner Sanford Warren Jr., senior counsel R. Scott Rhoades and counsel Joshua Hedrick are starting their own firms in Dallas. Akin incurred roughly $5.4 million in legal fees by taking on a case for a company whose principals are now under criminal investigation. Wed, 24 Sep 2014 18:28:28 EDT 1202671262847 Thompson & Knight, Vinson & Elkins on Mexican Oil Deal The law firms are advising private equity firms EnCap Investments and Riverstone Holdings as they fund Mexico?s first independent oil and gas production company in nearly 75 years. Wed, 24 Sep 2014 18:23:39 EDT 1202671261303