The Am Law Daily http://www.americanlawyer.com/top-stories 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. http://www.alm.com/about/terms-use The Am Law Daily http://www.alm.law.com/img/tal_12/amlawdaily_rss_icon.gif http://www.americanlawyer.com/top-stories Former Am Law Associate Parasails to Paradise Melanie Moss slaved away as an associate in New York for nine years—first at Arent Fox, then at Dewey Ballantine. But rather than pursuing a partnership track, she and her young family headed for paradise. http://www.americanlawyer.com/id=1202674611797?rss=rss_tal_amlawdaily Fri, 24 Oct 2014 17:39:32 EDT 1202674611797 Willkie Adds Another Ex-Kirkland Partner, Plus More Lateral Moves Eight months after leaving Kirkland & Ellis for McDermott Will & Emery, private equity partner Leonard Klingbaum is on the move again; Greenberg Traurig hires a former California Senate leader; Weil, Gotshal & Manges adds a high-yield partner in London and other notable hires from throughout The Am Law 200. http://www.americanlawyer.com/id=1202674510502?rss=rss_tal_amlawdaily Fri, 24 Oct 2014 10:46:20 EDT 1202674510502 Borden Ladner Gervais Heads to Beijing Borden Ladner Gervais, one of Canada's largest firms, will open an office in Beijing. The Toronto-based firm, which focuses on business and IP law, cited China's growing economic significance to Canada as the impetus for its new outpost. http://www.americanlawyer.com/id=1202674453627?rss=rss_tal_amlawdaily Thu, 23 Oct 2014 19:36:57 EDT 1202674453627 Mintz Levin Looks to Poach Edwards Wildman IP Group Ahead of a looming merger vote with Locke Lord, a 20-lawyer IP group from Edwards Wildman Palmer in Boston is poised to depart for Mintz, Levin, Cohn, Ferris, Glovsky and Popeo as a result of a conflict between their representation of a large pharmaceutical company and Locke Lord's work for a generic drug manufacturer. http://www.americanlawyer.com/id=1202674450367?rss=rss_tal_amlawdaily Thu, 23 Oct 2014 18:48:00 EDT 1202674450367 Cadwalader Leads Probe Behind UNC?s Grading Scandal Kenneth Wainstein, a former U.S. Justice Department official and chair of the white-collar defense and investigations practice at Cadwalader, Wickersham & Taft, headed an eight-month investigation that revealed nearly two decades of academic fraud involving thousands of students at the University of North Carolina-Chapel Hill, many of whom were college athletes. http://www.americanlawyer.com/id=1202674446176?rss=rss_tal_amlawdaily Thu, 23 Oct 2014 18:39:15 EDT 1202674446176 Bingham Faces Internal Battles Amid Uncertain Future With Morgan Lewis A month after Bingham McCutchen's management disclosed to its partnership plans to merge with Morgan, Lewis & Bockius, lingering issues remain over what a combined firm might look like. At the same time, Bingham is grappling with internal issues, including controversial pay packages, a heavy debt load and an exodus of top talent. http://www.americanlawyer.com/id=1202674309934?rss=rss_tal_amlawdaily Wed, 22 Oct 2014 18:42:25 EDT 1202674309934 Snell & Wilmer, Porter Wright to Swap Out Firm Leaders Snell & Wilmer announced on Tuesday that John Bouma, who served as chair for 30 years, will be replaced by corporate partner Matthew Feeney. Porter Wright Morris & Arthur will also see a leadership change, with its chief operating partner Robert Tannous to take over for Robert "Buzz" Trafford, who served managing partner for 18 years. http://www.americanlawyer.com/id=1202674297153?rss=rss_tal_amlawdaily Wed, 22 Oct 2014 17:17:28 EDT 1202674297153 A Sidley Partner's Quick Turnaround, Plus More Lateral Moves Six weeks after joining Fried Frank, former Sidley Austin securities and derivatives enforcement head David Katz returns to the firm; Kirkland & Ellis makes two more high-profile additions; Schulte Roth snags Patterson Belknap's trusts and estates chair; and other notable hires from throughout The Am Law 200. http://www.americanlawyer.com/id=1202674182429?rss=rss_tal_amlawdaily Tue, 21 Oct 2014 19:30:23 EDT 1202674182429 Kirkland Loses One PE Partner, Pays Top Dollar for Another In yet another high-profile lateral addition, Kirkland & Ellis poached Weil, Gotshal & Manges private equity partner Douglas Ryder in New York. The hire is the latest in a series of notable moves by Kirkland, which also recently raided Ropes & Gray in Hong Kong, but will lose the founding partner of its San Francisco office to a longtime private equity client. http://www.americanlawyer.com/id=1202674179440?rss=rss_tal_amlawdaily Tue, 21 Oct 2014 18:40:52 EDT 1202674179440 Wachtell, Cleary Gottlieb Grab Lead Roles as TPG Ups Stake in CAA The private equity firm is stepping up its investment in Creative Artists Agency to become the majority owner of the talent agency. TPG turned to Wachtell Lipton, Rosen & Katz for legal advice, while CAA tapped Cleary Gottlieb Steen & Hamilton. http://www.americanlawyer.com/id=1202674176643?rss=rss_tal_amlawdaily Tue, 21 Oct 2014 18:05:23 EDT 1202674176643 IBM Pays Globalfoundries $1.5B to Take Over Chip Business Cravath, Hogan Lovells and Weil advise as IBM agrees to pay Santa Clara, Calif.-based Globalfoundries, Inc. $1.5 billion in cash to take on its money-losing semiconductor business, including manufacturing plants and intellectual property. http://www.americanlawyer.com/id=1202674174196?rss=rss_tal_amlawdaily Tue, 21 Oct 2014 17:49:18 EDT 1202674174196 Report: Rents Up, Square Footage Down for Am Law 200 Firms The downsizing trend for office space continues but is starting to slow as many firms already have given up space per lawyer to save money, according to the latest survey by commercial real estate services company Jones Lang LaSalle. http://www.americanlawyer.com/id=1202673845378?rss=rss_tal_amlawdaily Mon, 20 Oct 2014 21:32:12 EDT 1202673845378 Six Am Law 100 Firms Smooth Way for Another Pipeline Deal As the U.S. moves to become the world's largest oil producer, lawyers from Cooley, Latham & Watkins, McGuireWoods, Norton Rose Fulbright, Simpson Thacher & Bartlett and Wachtell, Lipton, Rosen & Katz are helping QEP Resources unload its natural gas pipeline and processing unit for $2.5 billion in cash to Tesoro Logistics, a refinery operator owned by Tesoro Corp. http://www.americanlawyer.com/id=1202674041294?rss=rss_tal_amlawdaily Mon, 20 Oct 2014 18:34:30 EDT 1202674041294 Two Am Law 100 Firms With California Roots Expand Abroad Orrick, Herrington & Sutcliffe is opening up shop in West Africa, while Littler Mendelson's growing Latin American presence gets a boost with a new outpost in Peru. http://www.americanlawyer.com/id=1202674037525?rss=rss_tal_amlawdaily Mon, 20 Oct 2014 18:14:53 EDT 1202674037525 Skadden Continues M&A Hot Streak With Two Big Deals The firm, which earlier this month took the top spot on three separate rankings for its M&A work, is representing longtime client Permira Advisers on its $3.5 billion sale of Arysta LifeScience Ltd. to Platform Specialty Products. Skadden is also advising British Columbia Investment Management Corporation as it partners with Macquarie Infrastructure and Real Assets to purchase electric utility Cleco Power for $3.4 billion. http://www.americanlawyer.com/id=1202674033005?rss=rss_tal_amlawdaily Mon, 20 Oct 2014 17:45:51 EDT 1202674033005 Edwards Wildman's Tech Cochair Departs, Plus More Lateral Moves Another Edwards Wildman Palmer partner departs ahead of the firm's proposed merger later this year with Locke Lord; a Bingham partner heads to the FCC; Fried Frank and Kirkland & Ellis add a pair of new partners; and other notable moves from throughout The Am Law 200. http://www.americanlawyer.com/id=1202673880305?rss=rss_tal_amlawdaily Sat, 18 Oct 2014 12:07:34 EDT 1202673880305