Initial public offerings for such companies as British insurer Old Mutual's Boston-based asset management arm and Royal Bank of Scotland-backed Citizens Financial helped fill the coffers of firms such as Bingham, Cleary Gottlieb, Davis Polk and Fried Frank while Detroit's bankruptcy continued to be a boon to Jones Day and Honigman. Meanwhile, the U.S. Supreme Court prepares to examine $4.1 million in Baker Botts bankruptcy fees in our latest look at notable legal billings from throughout The Am Law 200.
October 09, 2014 at 06:20 PM
1 minute read
China’s Alibaba Group Holdings isn’t the only corporate client making it rain for U.S. capital market lawyers.
British insurer Old Mutual raised $308 million in an initial public offering this week for its Boston-based asset management arm, a listing that has generated $4.5 million in legal fees and expenses, according to a securities filing.
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