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 Latest Pharma Deals Draw Counsel from Am Law Firms AstraZeneca has agreed to buy the rights to respiratory drugs owned by Almirall for $2.1 billion, with Covington & Burling and British firm CMS Cameron McKenna. Meanwhile, Kirkland & Ellis and Sidley Austin are leading the way on Pfizer's acquisition of Baxter International's vaccine portfolio. Wed, 30 Jul 2014 20:07:30 EDT 1202665323019 Malpractice Suit Dismissed Against Proskauer, Chadbourne A federal judge has dismissed a malpractice suit by the court-appointed receiver for victims of R. Allen Stanford's Ponzi scheme against Proskauer Rose and Chadbourne & Parke, ruling that it lacked jurisdiction. Wed, 30 Jul 2014 19:15:58 EDT 1202665312249 Fee Tracker: Comic-Con, Cooperstown and El Pollo Loco Pillsbury Winthrop reaps the benefits from San Diego's Comic-Con, Patterson Belknap brings in the bacon from the Baseball Hall of Fame, Skadden's crazy chicken windfall and the dollar values associated with other Am Law 200 clients in our latest look at legal billings. Wed, 30 Jul 2014 18:37:54 EDT 1202665310294 The Churn: Skadden's Roberts Bound for NBPA, Plus More Lateral Moves Skadden, Arps, Slate, Meagher & Flom litigation partner Michele Roberts in Washington, D.C., has been elected executive director of the National Basketball Players Association, an organization that recently paid big money to Paul, Weiss, Rifkind, Wharton & Garrison, which this week hired Citigroup deputy general counsel Elizabeth Sacksteder as a partner in New York. Those moves and more in our latest look at lateral hires from throughout The Am Law 200. Tue, 29 Jul 2014 19:47:18 EDT 1202665178892 At Bingham, Big Guarantees Raise More Questions As Bingham McCutchen engages in merger talks in an effort to reshape its future, the firm is still coping with the fallout from one of its many past combinations. Five years ago this month, Bingham joined with McKee Nelson in a deal that saw every partner from the latter receive a guaranteed contract. Bingham has only now confirmed the guarantees after The Am Law Daily brought them to light. Tue, 29 Jul 2014 19:25:19 EDT 1202665178239 The Global Lawyer: On Money, Justice and Yukos Legally, the Yukos oligarchs deserve their $50 billion. Morally, it's murky. Mon, 28 Jul 2014 20:50:17 EDT 1202664997446 Shearman's Winning Yukos Strategy When they brought a $114 billion claim against Russia to trial, Yukos' lawyers decided to let the facts speak for themselves. Mon, 28 Jul 2014 20:10:15 EDT 1202664804666 Four Am Law 100 Firms Help Zillow Snap Up Trulia Shearman & Sterling, having already scored a big victory Monday in a major international arbitration case, has teamed up with Perkins Coie to advise online property website Zillow on its $3.5 billion buy of rival Trulia, which is receiving outside counsel from Goodwin Procter and Wilson Sonsini Goodrich & Rosati. Mon, 28 Jul 2014 18:31:51 EDT 1202664979268 Dollar Tree Pays Big Bucks for Bargain Retail Rival Wachtell Lipton, Cleary Gottlieb, Sullivan & Cromwell and Williams Mullen advise on Dollar Tree Inc.'s $8.5 billion cash and stock purchase of Family Dollar Stores Inc. to create one of the largest discount retailers in North America. Mon, 28 Jul 2014 18:31:09 EDT 1202664976541 Ground Shifts Under Howrey's Unfinished Business Claims Armed with two recent wins, Shay Dvoretzky of Jones Day is going up against the Howrey estate on Tuesday as its trustee tries to claw back profits owed from unfinished matters that former partners took with them when they joined other firms. Mon, 28 Jul 2014 14:42:26 EDT 1202664908745 Yukos Scores $50 Billion Arbitration Victory Against Russia The $50 billion ruling against Russia is certainly the largest in arbitration history. And it may stand as the largest litigation victory ever. Here's everything you need to know about the world's most high-stakes business dispute. Mon, 28 Jul 2014 13:02:08 EDT 1202664272854 Yukos Majority Shareholders Hit a $50 Billion Gusher A tribunal in The Hague held the Russian Federation liable for $50 billion, finding that it bankrupted the country's largest oil producer to plunder the company's assets. Mon, 28 Jul 2014 04:00:07 EDT 1202664699487 The Churn: Arnold & Porter Adds to Ranks, Plus More Lateral Moves Arnold & Porter takes on a couple of attorneys from Alston & Bird; the embattled Bingham McCutchen brings on a partner and more notable hires from throughout The Am Law 200. Sat, 26 Jul 2014 07:58:13 EDT 1202664792921 Dewey & LeBoeuf: Connecting More Dots If you thought the story of Dewey & LeBoeuf ended when the firm declared bankruptcy, you're wrong. The best is yet to come. Fri, 25 Jul 2014 21:32:02 EDT 1202664536049 21st Century Fox Sells German, Italian Units for $9 Billion A slew of Am Law and Magic Circle firms advised as 21st Century Fox agreed to offload its pay-television assets in Italy and Germany to British Sky Broadcasting Group in a deal that would provide cash to reignite media mogul Rupert Murdoch?s takeover bid for Time Warner. Fri, 25 Jul 2014 18:17:30 EDT 1202664765616 Under Israel's Iron Dome, Another Law Firm Merger Not even Israel is immune to market consolidation for legal services. This week Shibolet & Co., one of the country's largest law firms, picked up a seven-lawyer technology boutique in Tel Aviv as rockets rained down from Gaza on the nation's high-tech hub. Thu, 24 Jul 2014 19:36:37 EDT 1202664518753 Am Law Firms Lead on Breitburn Energy Deal Breitburn turned to Latham & Watkins on its acquisition of QR Energy, which would create one of the largest master limited partnerships focused on oil exploration and production. Vinson & Elkins counseled QR Energy, while Bracewell & Giuliani represented the company?s board of directors conflicts committee. Gibson, Dunn & Crutcher served as counsel to Breitburn?s financial adviser UBS. Thu, 24 Jul 2014 19:00:04 EDT 1202664508422