Top Stories

With BofA Settlement Comes Shift in Work for Firms

By Julie Triedman |

Thursday's record $16.65 billion settlement with Bank of America means a winding down of government action against big banks over residential mortgage-backed securities. But several lawyers say the pipeline for firms representing these banks will remain full, as governments worldwide take aim at foreign exchange rate-setting and Office of Foreign Assets Control investigations.

stacks of cash

Fee Tracker: Cooley Law, Bridgegate and Monkey Selfie

By Brian Baxter |

Miller Canfield reaps big bucks from the rebranded Thomas M. Cooley Law School; Gibson Dunn's legal bills in New Jersey's Bridgegate scandal break the $6 million mark; a look at what a trio of trade organizations are paying a handful of Am Law 100 firms and the Wikimedia Foundation's simian copyright campaign.

Bank of America to Pay $16.6B to Settle Fraud Claims

By Jenna Greene and Todd Ruger |

In the largest-ever settlement between the U.S. government and a single company, Bank of America Corp. on Thursday agreed to pay $16.6 billion in penalties and consumer relief for selling toxic mortgage-backed securities.

John Tavares, Bruce Ratner, Charles Wang and Patrik Elias take the ceremonial faceoff before a preseason game at the Barclays Center on September 21, 2013 in Brooklyn, New York.

Katten, Kaye Scholer Skate to Islanders Sale

By Brian Baxter |

Kaye Scholer is counseling the National Hockey League's New York Islanders on its reported $548 million sale to an investor group advised by Katten Muchin Rosenman that will take full control of the franchise in two years. The deal comes a week after Andrew Barroway, a former high-flying Philadelphia plaintiffs lawyer turned hedge fund executive, retained Blank Rome to sue the Islanders' current ownership after it allegedly reneged on a handshake deal to sell him the team.

A worker holds an Infineon Wafer in a production facility.

Kirkland, Freshfields, Fried Frank Advise on Infineon Buy

By Wenxiong Zhang |

German chipmaker Infineon Technologies AG has agreed to buy Silicon Valley-based International Rectifier Corp. in a $3 billion all-cash deal that would strengthen Infineon's regional presence and expand its economic scale in the power management technology business.

A BHP Billiton iron ore mine.

Four Firms Digging Into BHP Billiton Breakup

By Brian Baxter |

Cleary Gottlieb, Herbert Smith Freehills, Slaughter and May and ENSafrica are advising on a proposed demerger by BHP Billiton of several noncore assets into a new global metals and mining company, effectively unwinding part of the 2001 megadeal that created the Anglo-Australian minerals and mining giant.

The Churn

The Churn: Squire Patton Boggs and Ashurst Adjust Alliances, Plus More Lateral Moves

By Brian Baxter |

Ashurst and Squire Patton Boggs, two growing global legal giants that have recently gone the merger route, both reshuffled overseas alliances this week as the latter saw 23 lawyers in the Middle East decamp en masse, while the former was busy raiding two Am Law 100 rivals. The Am Law Daily looks at those developments and other notable hires from throughout The Am Law 200.

Dollar General in Vermillion, Ohio

Dollar General Ups Ante for Family Dollar Stores

By MP McQueen |

In the latest development involving the potential sale of Family Dollar Stores, Dollar General and its attorneys at Simpson Thacher & Bartlett have offered nearly $9 billion for the bargain store chain, trumping an earlier $8.5 billion bid by Dollar Tree.

Waupaca Foundry in Waupaca, Wisconsin

Bingham, Paul Weiss Help Unload World's Largest Iron Foundry

By Brian Baxter |

Japan's Hitachi Metals has agreed to pay $1.3 billion in cash to acquire Wisconsin's Waupaca Foundry, a key supplier to the automotive industry, from private equity firm KPS Capital Partners, a longtime client of Paul, Weiss, Rifkind, Wharton & Garrison. Bingham McCutchen, a firm that recently lost a founder of its Japanese practice, is advising Hitachi on the deal.

Lawsuit-Palooza: Firms Embroiled in Real Estate Disputes, Case Conflicts

By MP McQueen |

Boies Schiller, Wachtell, Greenberg Traurig and Duane Morris are in the news. Plus, a new study says real estate and conflicts-of-interest cases are hot spots for firms.

The Careerist: Washing Dishes Can Lead To Sizzling Sex

By Vivia Chen |

Couples who split the housework fairly are happier between the sheets, according to a new study.

Baker Botts represents 98-year-old trying to clear name

By Eric Burse |

Miriam Moskowitz, convicted of conspiracy during the McCarthy era, and her pro bono attorneys at Baker Botts say evidence shows that a key trial witness lied. They want her conviction thrown out.

Diversity Scorecard: LGBT Lawyers at Big Law Firms

These 22 firms have the most self-reported lesbian, gay, bisexual or transgender lawyers among the Am Law 200, according to our annual survey.

Feed Your Brain

By Steven J. Harper |

If you want to be a better, more productive lawyer, take a vacation—a real one.

Coca-Cola Quenches Thirst With $2.15 Billion Monster Buy

By Valori Corral-Nava |

Skadden, Cleary and Jones Day all advised on Coca-Cola's acquisition of a 16.7 percent stake in Monster Beverage Corporation in the hopes of boosting growth in the booming energy drink market.

Rob Manfred, chosen to be the next MLB commissioner, speaks at the owners' meeting at the Hyatt Regency in Baltimore on Thursday, Aug. 14, 2014.

Ex-Morgan Lewis Partner Named New Baseball Commish

By Brian Baxter |

Robert Manfred Jr., a former Morgan, Lewis & Bockius labor and employment partner currently serving as COO of Major League Baseball, beat out two rivals to emerge victorious in the race to replace Bud Selig as commissioner. Manfred, 55, will be the third former Am Law 100 lawyer to lead a major North American professional sports league. He and Morgan Lewis both have long-standing ties to America's favorite pastime.

The Churn

The Churn: Bingham Tax Duo Departs, Plus More Lateral Moves

By Brian Baxter |

Two more Bingham McCutchen partners depart in Washington, D.C., Jones Day loses two in the Midwest, Simpson Thacher & Bartlett hires in New York and other notable moves from throughout The Am Law 200.

Michael Aiello.

Dealmaker of the Week: Weil's Michael Aiello

By MP McQueen |

Aiello led the way for Weil Gotshal & Manges’ legal team advising Kinder Morgan Inc. on its $44 billion deal to consolidate Kinder Morgan Energy Partners, El Paso Pipeline Partners and Kinder Morgan Management into the third-largest energy company in the U.S.

Kirkland Leads on Blackstone's $1.2 billion Shale Buy

By Wenxiong Zhang |

The Blackstone Group will buy Royal Dutch Shell's 50 percent stake in a joint venture in Haynesville Shale. The acquisition marks yet another private equity deal led by corporate partner Andrew Calder, a former partner of Simpson Thacher & Bartlett, which has gone head-to-head with Kirkland & Ellis in that space.

At Kirkland, Another Hire Amid Steady Stream of Departures

By Brian Baxter |

Kirkland & Ellis has hired again in Houston, adding former Baker Botts associate David Castro Jr. as a partner. But while the firm continues to make headlines on the transactional and lateral fronts, it's also dealing with the loss of more than 50 partners since the start of this year, many of whom have left its IP group.

A River Runs Through It, Thanks in Part to Squire Partner

By Valori Corral-Nava |

This past spring, the Colorado River flowed its natural course to the Sea of Cortez for the first time in 16 years, thanks in part to Squire Patton Boggs and Arizona-based partner Peter Culp, who worked pro bono to help hammer out a landmark binational agreement between the U.S. and Mexico on the management of the Colorado River and its tributaries.

Six Firms Assist on Latest Health Care REIT Merger

By Brian Baxter |

Arnold & Porter, Sidley Austin, Shumaker Loop and a trio of leading Canadian firms are advising on a deal that will see Health Care REIT, the largest U.S. health care landlord by market value, acquire HealthLease Properties for $950 million. The transaction value could surge to $2.3 billion when accounting for sidecar deals with Mainstreet Property Group.

Alston & Bird, Weil Advise on FleetCor's Comdata Buy

By Wenxiong Zhang |

FleetCor, a global provider of fuel cards and workforce payment products, has agreed to acquire Comdata Inc. from Ceridian LLC and Thomas H. Lee Partners for $3.45 billion in its largest deal ever.

The Careerist: Why Men (and Women) Lie to Women

By Vivia Chen |

A new study says that people are more apt to lie to women than men during business negotiations.

The Global Lawyer: Cleary's Litigation Slump

By Michael D. Goldhaber |

In the past six months Cleary Gottlieb Steen & Hamilton litigators have lost a string of historic cases. Powerful entities routinely ask Cleary to push the envelope in international law. Lately it hasn't worked out well.

Citi Report: Firms See Continued Strength in Second Quarter

By John Wilmouth |

While demand growth slowed slightly, rates grew at modestly higher levels compared with the first three months of the year, according to a report by Citi Private Bank's Law Firm Group. Expense growth picked up but revenue gains remained higher, suggesting full-year profit margin growth.

Dechert Gets License for Permission to Practice in Singapore

By Gina Passarella |

Dechert has officially been granted a license to practice law in Singapore, eight months after the firm applied for permission to practice in the country.

Dechert Gets License to Practice in Singapore

By Gina Passarella |

Dechert has officially been granted a license to practice law in Singapore, eight months after the firm applied for permission to practice in the country.

The Churn

The Churn: Am Law Quartet Eyes New Horizons, Plus More Lateral Moves

By Brian Baxter |

Dechert, LeClairRyan, Lowenstein Sandler and Pillsbury Winthrop Shaw Pittman all announced plans for new offices within the past week, in our latest look at notable hires from throughout The Am Law 200.

Top Tax Lawyers Mum on Inversion Debate

By Susan Beck |

More than a decade ago, when corporate inversions came under scrutiny, a group of leading New York tax lawyers—headed by a Paul Weiss partner and including partners from Skadden, Sullivan & Cromwell, and Cravath—took a principled stand and called for urgent action to stop these deals. Twelve years later, a new wave of inversions has sparked controversy and calls for reform. This time the corporate tax bar's lawyers are silent.

Law Firms Cash In on Inversion Bonanza

As more U.S. companies seek to lower their tax rates by reincorporating overseas through so-called inversions, at least three dozen U.S. firms have capitalized on the trend, with Skadden, Arps, Slate, Meagher & Flom leading the way.

The Careerist: Too Kinky for the Office?

By Vivia Chen |

Your nail polish, your career: How far are you pushing the fashion envelope?

Workers move pipe for part of the Kinder Morgan, Inc. Rockies Express Natural Gas Pipeline just outside Laramie, Wyoming, in August, 2006.

Kinder Morgan Consolidates Partnerships in $44 Billion Deal

By MP McQueen |

Four Am Law 100 advise as U.S. energy company Kinder Morgan Inc. buys all the outstanding stock of Kinder Morgan Energy Partners LP, Kinder Morgan Management LLC and El Paso Pipeline Partners LP for $44 billion in stock and cash, consolidating the four entities into one publicly traded corporation.

A Lululemon Athletica store in Chicago, IL.

Four Firms Contort to Lululemon Stake Sale

By Brian Baxter |

Choate Hall, DLA Piper, Weil and Vancouver's McCullough O'Connor Irwin are advising on an $845 million deal that sees Dennis "Chip" Wilson, the billionaire founder of Lululemon Athletica, sell half of his 27.7 percent stake in the yoga apparel retailer to private equity firm Advent International. The move averts a potential proxy fight at Lululemon and comes nine months after Wilson made controversial comments about the body size of the company's predominantly female customers.

Corporate Inversions Since 2010

By Vinayak Balasubramanian |

Top Firms Advising on Inversions by Volume and Deal Value

By Vinayak Balasubramanian |
The Churn

The Churn: Pepper Hamilton Partner Returns to Public Service, Plus More Lateral Moves

By Alexandra Wilson |

Pepper Hamilton partner heads to the NYPD; Weil, Gotshal & Manges snags prominent bankruptcy partner from Kirkland & Ellis; and Shook, Hardy & Bacon brings aboard Gavel Babble columnist in our latest roundup of lateral moves in The Am Law 200.

Weil Snags Bankruptcy Partner From Rival Kirkland & Ellis

By MP McQueen |

Kirkland & Ellis confirmed on Friday that Ray Schrock is leaving the firm. Weil in turn picks up a high-profile partner for its signature bankruptcy practice at a time when it has seen a steady wave of firm departures.

Andrew Brownstein and Benjamin Roth

Dealmakers of the Week: Wachtell's Brownstein and Roth

By Wenxiong Zhang |

Wachtell, Lipton, Rosen & Katz's corporate partners Andrew Brownstein and Benjamin Roth helped lead the way on Walgreens' acquisition of the remaining stake in Alliance Boots for $15.3 billion in cash and stock.

Baker & McKenzie Poised to Regain Top Spot on Global 100

By MP McQueen |

With record revenue of $2.54 billion for its fiscal year ended June 30, the firm bumps DLA Piper from its perch.

The Careerist: How to Nail the On-Campus Interview

By Grover Cleveland |

Tips from a former partner about making a strong first impression.

Protectionism a Growing Threat for Cross-Border M&As

By MP McQueen |

Countries including the United States are using reviews intended to address antitrust and national defense to protect domestic jobs and industries instead, experts say. Cybersecurity is a concern, too.

Walgreens Resists Tax Inversion in Acquiring Alliance Boots

By Wenxiong Zhang |

Walgreens will pay $15.3 billion for the remaining stake in Europe's largest pharmacy chain but will not reincorporate overseas to save on taxes. Wachtell, Lipton, Rosen & Katz, Allen & Overy and Simpson Thacher & Bartlett advised on the deal.

Cerner Buys Siemens Health Services Unit for $1.3 Billion

By MP McQueen |

Latham & Watkins, Clifford Chance and Crowell & Moring advise on the deal, which calls for each company to kick in up to $50 million in joint funding on projects that will help integrate health care information technology with medical technology.

Detroit Fee Examiner Disputes Dentons' Media Fees

By Ross Todd |

The fee examiner keeping tabs on the bills of professionals working on Detroit's municipal bankruptcy questioned more than $67,000 worth of charges submitted by Dentons for media activities, such as reviewing newspaper coverage and compiling press reports, during the first three months of this year.

The Careerist: Top 50 Mommy Firms

By Vivia Chen |

A look at the subtext behind Working Woman magazine's "50 best firms for women."

Baker & McKenzie Snaps Up South African Competition Law Boutique

By Valori Corral-Nava |

Baker & McKenzie acquired South African boutique firm Vani Chetty Competition Law to create its own competition practice in Johannesburg.

The Churn

The Churn: Troutman Sanders Grows in New York, Plus More Lateral Moves

By Alexandra Wilson |

Troutman Sanders raids Dentons to pick up four commercial bankruptcy and litigation partners; Covington & Burling hires a senior IRS official in D.C.; and DLA Piper snags three attorneys in our latest roundup of lateral moves in The Am Law 200.

The Centre Medical Plaza in Chula Vista, California, is one of Griffin-American Healthcare's many properties.

NorthStar to Pay $3.4 Billion for Griffin-American

By Wenxiong Zhang |

NorthStar Realty Finance Corp. would acquire Griffin-American Healthcare REIT II Inc. in the cash and stock deal. Latham & Watkins, McGuireWoods and Paul Weiss acted as legal advisers to the companies while Gibson Dunn and Skadden provided counsel to the deal's financial advisers.

A copy of USA Today is displayed in a newspaper vending rack in San Francisco, California.

Gannett Splits Media Business While Buying Out

By MP McQueen |

Wachtell, Nixon Peabody, Skadden and Davis Polk advise as yet another media company offloads slower-growing legacy publications. Gannett is separating its publishing business, including USA Today, while paying $1.8 billion for

NALP's Fuzzy Definition of 'JD Advantage'

By Matt Leichter |

The National Association for Law Placement is touting the record percentage of law school graduates in "JD advantage" jobs, but much of the work involved doesn't require legal education.

Summer Heats Up With Media Deals

By MP McQueen and Pia Sarkar |

Am Law 100 firms were involved in a number of big media transactions in recent weeks, including the Tribune Media Company's spinoff of its publishing company; E.W. Scripps and Journal Communications’ merger and spinoff of digital, broadcast and print operations; and A.H. Belo's sale of The Providence Journal.

The Careerist: How to Pick a Law School

By Vivia Chen |

What would you do? Go to the better-ranked law school? Or the one that's plying you with cash?

Dentons Sues Republic of Guinea for $10M in Fees

By Zoe Tillman |

Dentons is suing the Republic of Guinea for more than $10 million in allegedly unpaid legal bills, plus interest.

The European Court of Human Rights, located in Strasbourg, France.

The Global Lawyer: The Real Yukos Shocker

By Michael D. Goldhaber |

The $50 billion Yukos arbitration award got the big headlines this week. But a smaller Yukos award by the European Court of Human Rights could have even greater implications for Russia's future.

Summertime Blues: 200 Legal Sector Jobs Erased in July

By Wenxiong Zhang |

The loss is a setback to June's gain of 900 jobs, according to preliminary data released Friday by the U.S. Bureau of Labor Statistics.

The Churn

The Churn: Quinn Emanuel Partner Heads to Prague, Plus More Lateral Moves

By Brian Baxter and Alexandra Wilson |

A little less than three years after joining litigation powerhouse Quinn Emanuel from Mayer Brown, Andrew Schapiro, a former Harvard Law School classmate of President Barack Obama, has been confirmed as the next U.S. ambassador to the Czech Republic. The Am Law Daily looks at Schapiro's career shift, along with other moves from throughout The Am Law 200.

Attendees visit a Bally Technologies Inc. booth in the Las Vegas Convention Center.

Am Law Trio Advise on Scientific Games’ $5.1 Billion Bally Bet

By MP McQueen |

Cravath, Swaine &Moore, Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom lead the way on casino and lottery game maker Scientific Games' purchase of Bally Technologies in a deal that continues a streak of consolidations in the gaming industry.

ECHR Piles on Russia With $2.5 Billion Yukos Award

By Michael D. Goldhaber |

The European Court of Human Rights announced a $2.5 billion judgment against Russia for its handling of OAO Yukos Oil Company. The news follows a Monday announcement that Russia would be on the hook for a $50 billion arbitration award.

Fun With the Summer Associates: Firms and Their Perks

By Kierstin Vermeulen |

The trips and ball games and dinners may not be as extravagant as they once were, but there are worse ways to spend a summer.

Judge Stays Insurer's Case Against Dewey Defendants

By MP McQueen |

A federal court judge in Iowa has granted a stay in Aviva Life and Annuity Company's civil suit against three former Dewey & LeBoeuf executives while also allowing an interlocutory appeal to proceed to the Eighth Circuit.

Latest Pharma Deals Draw Counsel from Am Law Firms

By Wenxiong Zhang |

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.

R. Allen Stanford, convicted in 2012 of running a $7 billion Ponzi scheme.

Malpractice Suit Dismissed Against Proskauer, Chadbourne

By MP McQueen |

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.

stacks of cash

Fee Tracker: Comic-Con, Cooperstown and El Pollo Loco

By Brian Baxter |

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.

The Careerist: Zen and the Art of Lawyering

By Dan Bowling |

Happiness expert Dan Bowling reviews The Good Lawyer by Nancy Levit and Doug Linder.

The Churn

The Churn: Skadden's Roberts Bound for NBPA, Plus More Lateral Moves

By Brian Baxter |

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.

At Bingham, Big Guarantees Raise More Questions

By Brian Baxter |

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.

Leonid Nevzlin, whose share of the Yukos award is roughly $33 billion, seated beside his collection of Japanese ivory dolls in June 2005 in Herzlya, Israel.

The Global Lawyer: On Money, Justice and Yukos

By Michael D. Goldhaber |

Legally, the Yukos oligarchs deserve their $50 billion. Morally, it's murky.

Shearman's Winning Yukos Strategy

By Michael D. Goldhaber |

When they brought a $114 billion claim against Russia to trial, Yukos' lawyers decided to let the facts speak for themselves.

The Careerist: How to Get an Interview (Without Driving the Firm Crazy)

By Vivia Chen |

Tips for law students on how to approach firms for an interview.

Zillow's app for tablets and smartphones.

Four Am Law 100 Firms Help Zillow Snap Up Trulia

By Brian Baxter |

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.

Dollar Tree Pays Big Bucks for Bargain Retail Rival

By MP McQueen |

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.

From left, Shay Dvoretzky of Jones Day, Michael Levinson of Seyfarth Shaw, and Joel Miller of Miller & Wrubel.

Ground Shifts Under Howrey's Unfinished Business Claims

By Julie Triedman |

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.

Employees of the Russian oil company Yukos working at an oil well in the Tyumensk region of Russia in August 2003.

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.

Yukos oil company chief executive officer Mikhail Khodorkovsky (R) stands behind a glass wall at a courtroom in Moscow, on December 29, 2010.

Yukos Majority Shareholders Hit a $50 Billion Gusher

By Michael D. Goldhaber |

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.

The Churn

The Churn: Arnold & Porter Adds to Ranks, Plus More Lateral Moves

By Brian Baxter |

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.

Dewey & LeBoeuf: Connecting More Dots

By Steven J. Harper |

If you thought the story of Dewey & LeBoeuf ended when the firm declared bankruptcy, you're wrong. The best is yet to come.

Rupert Murdoch

21st Century Fox Sells German, Italian Units for $9 Billion

By Wenxiong Zhang |

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.

An aerial view of downtown Tel Aviv, Israel.

Under Israel's Iron Dome, Another Law Firm Merger

By Brian Baxter |

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.

Am Law Firms Lead on Breitburn Energy Deal

By MP McQueen |

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.

The Careerist: The 10 Law Schools with the Most Applicants

By Vivia Chen |

Find out which law schools are the most sought-after in the land.

The Careerist: Women and Minorities Who Push Diversity Get Negative Reviews

By Vivia Chen |

A recent study finds that women and minorities get ahead when they keep their mouths shut.

Decision in $114 Billion Yukos Case to Be Announced Monday

By Jan Wolfe |

The potentially record-shattering arbitration award will be unveiled in London by former Yukos shareholders and their longtime counsel at Shearman & Sterling.

International IP Attorney Killed in Malaysia Airline Crash

By Valori Corral-Nava |

Dutch firm NautaDutilh is mourning the loss of John Allen, a well-regarded patent attorney who had been with the firm for 18 years. Allen, his wife and three sons were among the 298 people killed aboard Malaysia Airlines Flight 17, which was struck down by a missile over war-torn Ukraine last week.

The Churn

The Churn: A Dechert Partner Decamps, Plus More Lateral Moves

By Brian Baxter |

A high-powered litigator leaves Dechert, more departures from Bingham McCutchen and a rare outside hire by Wachtell Lipton in our latest look at lateral moves from throughout The Am Law 200.

Spencer Barasch, the SEC's assistant enforcement director in Fort Worth, during the federal government's Enron-related trial of accounting giant Arthur Andersen in 2002.

Spencer Barasch Poised to Leave Andrews Kurth

By Brian Baxter |

The longtime head of Andrews Kurth's corporate governance and securities practice is preparing to leave the firm just weeks after it settled a malpractice case seeking $50 million in damages over its representation of an affiliate of convicted Ponzi schemer R. Allen Stanford.

Am Law Trio Advises on CIT's $3.4 Billion Buy of OneWest

By MP McQueen |

Wachtell Lipton, Rosen & Katz; Cleary Gottlieb Steen & Hamilton and Sullivan & Cromwell took the lead on CIT Group's acquisition of OneWest Bank's parent, IMB Holdco LLC, moving the commercial lender into consumer banking.

Bingham Headlines Latest Round of Merger Rumblings

By Brian Baxter |

After a spate of lateral departures following a tough financial year in 2013, Bingham McCutchen has reportedly sounded out several Am Law 100 firms for potential tie-up talks, which come at a record-setting time for law firm mergers.

AK Steel in Mansfield, Ohio

Russian Steelmaker Sells U.S. Plants for $2.3 Billion

By MP McQueen |

Skadden, Arps, Slate, Meagher & Flom is representing OAO Severstal in the sale of its North American subsidiaries to U.S. competitors Steel Dynamics Inc. and AK Steel Holding Corp. Weil Gotshal & Manges is advising AK Steel while Fort Wayne, Ind.-based Barrett & McNagny is counseling Steel Dynamics.

Danica McKellar and Scott Sveslosky at the 2014 Billboard Music Awards

The Careerist: Big Law Partner to Wed Star of Wonder Years

By Vivia Chen |

The latest in gossipy, curious and totally irrelevant news about people in law.

Wachtell Raids Simpson Thacher for Executive Compensation Expert

By Brian Baxter |

A month after Wachtell, Lipton, Rosen & Katz executive compensation partner Jeremy Goldstein left the venerable Am Law 100 firm to start his own practice, the country's most profitable shop on a profits-per-partner basis looked outside its ranks to find a replacement in Simpson Thacher & Bartlett partner Andrea Wahlquist. She becomes only the fourth lateral partner hire in Wachtell's storied history.

Are You a Smokin' Bucketful of Awesome?

By Steven J. Harper |

Some law school apologists resist the suggestion of a crisis in legal education; others, like University of North Carolina professor Bernard Burk, have the courage to speak up.

The Churn

The Churn: As DLA Turns, Plus More Lateral Moves

By Brian Baxter |

A flurry of moves at DLA Piper; a longtime Quinn Emanuel partner departs; and Bingham loses two more amid merger talks in our latest look at notable hires from throughout The Am Law 200.

More Lawyers Asking for Help for Alcohol, Drug Abuse

By MP McQueen |

Experts say growing job stress may be taking a toll on lawyers these days. Evidence in the field suggests more problems. A national study is underway.

Dealmaker of the Week: Davis Polk & Wardwell's William Chudd

By Vinayak Balasubramanian |

Chudd led the deal team advising Irish drugmaker Shire Plc on its sale to AbbVie for $54.8 billion in cash and stock—marking the largest ever corporate inversion, in which a U.S.-based company lowers its taxes by moving overseas.

Four Firms Advise on Latest Deal Arising From North America’s Energy Boom

By Brian Baxter |

Foley & Lardner, Dorsey & Whitney and leading Canadian firms Miller Thomson and Stikeman Elliott are advising on a $3.8 billion oil and gas merger that will create the largest producer in North Dakota's lucrative Bakken Shale formation.

Roger Mansukhani and Miles Scully

Amid Shrinking Nameplates, Gordon & Rees Expands

By Brian Baxter |

In an era when many large firms have shortened their monikers, Gordon & Rees added two new name partners to its shingle earlier this year to become Gordon Rees Scully Mansukhani. Miles Scully, one of those partners, talks with The Am Law Daily about that decision, litigation with Alex Rodriguez and his firm's expansion efforts as it prepares to celebrate its 40th anniversary.

The Careerist: Do Men Really Want Paternity Leave?

By Vivia Chen |

Men overwhelmingly support paternity leave. Sort of.

NCAA president Mark Emmert.

Latham Reaps Benefits From NCAA's Myriad Legal Issues

By Brian Baxter |

A tax filing released this week by the National Collegiate Athletic Association, the embattled governing body for college sports, shows the big money it paid to Latham & Watkins during its most recent fiscal year.

Gerry Schwartz, chief executive officer of Onex Corp.

Am Law Duo Leads on Onex's Insurance Business Boost

By Wenxiong Zhang |

Kirkland & Ellis and Fried, Frank, Harris, Shriver & Jacobson advised on the deal, in which a group of investors led by Onex will pay $1.33 billion to acquire York Risk Services from ABRY Partners.