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Report: Rents Up, Square Footage Down for Am Law 200 Firms

By MP McQueen |

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.

Legal News and Gossip Roundup

By Vivia Chen |

Some juicy, quirky news items you might have missed.

Tesoro Refinery Fidalgo Bay, Washington

Six Am Law 100 Firms Smooth Way for Another Pipeline Deal

By Brian Baxter |

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.

Two Am Law 100 Firms With California Roots Expand Abroad

By Nathalie Pierrepont |

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.

Skadden Continues M&A Hot Streak With Two Big Deals

By Wenxiong Zhang |

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.

The Churn

Edwards Wildman's Tech Cochair Departs, Plus More Lateral Moves

By Brian Baxter |

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.

Wachtell Advises Chesapeake on $5.38 Billion Asset Sale

By Wenxiong Zhang |

Chesapeake Energy announced Thursday that it would sell a large portion of its gas business in Northern West Virginia and Southern Pennsylvania to Houston-based rival Southwestern Energy. The deal allows Chesapeake to pay down a substantial amount of debt accrued from past expansion efforts.

Elon's 'Groundbreaking New Model'

By Steven J. Harper |

In a battle between reforming legal education and preserving the currently prevailing law school business model, guess which side wins?

Drone Practices Take Off at Hogan Lovells, MoFo

By Nathalie Pierrepont |

Hogan Lovells and Morrison & Foerster are the latest Am Law firms to launch new practice groups focused on drones in the race to claim an early stake in the business.

Covington Gets Qualcomm Call, Loses Two Litigators

By Brian Baxter |

Wireless technology company Qualcomm tapped Covington & Burling to advise on its proposed $2.5 billion acquisition of CSR, a British chipmaker known for its Bluetooth technology. At the same time, the firm saw two top litigators handling Deepwater Horizon-related oil spill work for BP depart its Beltway base for Kirkland & Ellis.

Fried Frank Picks Up Tax Duo in New York, London

By Brian Baxter |

A month after losing its former leader and two other capital markets partners to Freshfields Bruckhaus Deringer, Wall Street mainstay Fried, Frank, Harris, Shriver & Jacobson is bringing on two tax partners from King & Spalding and Orrick, Herrington & Sutcliffe.

The Careerist: Kings of the Jungle

By Vivia Chen |

Do you fit the profile of a leader?

Am Law Firms in Africa See Minimal Effects of Ebola—For Now

By Nathalie Pierrepont |

The outbreak of the virus has led to postponed conferences, travel restrictions and reliance on videoconferences with clients for some firms doing business in West Africa, where the virus has taken its greatest toll. But for the most part, it's been business as usual.

Fenwick & West Advises Symantec on Split

By Wenxiong Zhang |

The Mountain View, Calif.-based antivirus software maker announced that it would separate its businesses, joining a recent wave of technology companies such as Hewlett-Packard and eBay that have decided that two is better than one.

GE Bags Skadden's Pozen for Top Antitrust Role

By Brian Baxter |

Sharis Pozen, a former acting assistant U.S. attorney general for antitrust who joined Skadden, Arps, Slate, Meagher & Flom in July 2012, left the firm this month to become vice president for global competition and antitrust at General Electric. Pozen is the latest high-profile Am Law 100 partner to join the in-house legal ranks of the Fairfield, Conn.-based conglomerate, which has tapped Skadden to advise on its pending $17 billion buy of the energy unit of French engineering giant Alstom.

The Churn

Dickstein Shapiro IP Group Defects, Plus More Lateral Moves

By Brian Baxter |

Manatt, Phelps & Phillips adds a three-partner West Coast IP team from struggling Dickstein Shapiro; Boies Schiller loses a litigator to Barclays, but grabs Al Franken's former general counsel; Davis Polk and Willkie Farr bring back partners from public service; and other notable hires from throughout The Am Law 200.

Cadwalader Hails Nobel Prize-Winning Pro Bono Client Malala Yousafzai

By MP McQueen |

The firm has represented Yousafzai since 2012, when it helped her negotiate and establish The Malala Fund while she was still hospitalized in England after an assassination attempt by the Taliban.

Geberit Bathroom Fixtures.

Geberit Taps Latham for $1.35 Billion Buy of Sanitec

By Wenxiong Zhang |

The Swiss bathroom-piping maker said on Tuesday that it would purchase Sanitec Group, a Nordic ceramic toilet maker, for $1.35 billion in an all-cash deal.

The Careerist: In Men (and Karma) We Trust

By Vivia Chen |

Don't worry, just work hard, advises Microsoft's CEO to women.

Am Law 100 Trio Fuel Up for Formation of Pipeline Giant

By Nathalie Pierrepont |

Targa Resources Partners and Targa Resources Corp. announced plans to buy Atlas Energy and its midstream subsidiary, Atlas Pipeline Partners, in a transaction valued at about $7.7 billion. Covington & Burling, Vinson & Elkins and Wachtell, Lipton, Rosen & Katz have grabbed lead roles on the matter.

Mayer Brown, A&O Fly in for GE's $1.78B Helicopter Lessor Buy

By Brian Baxter |

The two firms are handling the $1.78 billion sale of Dublin-based Milestone Aviation Group to General Electric, which will absorb the helicopter lessor into its massive aircraft leasing division.

Steris Seeks Inversion Deal Amid Tightened Regulations

By Wenxiong Zhang |

Wachtell, Jones Day and DLA Piper advise as the Ohio-based medical technology company offers to buy Swindon, England-based sterilization services provider Synergy Health Plc for $1.9 billion in cash and stock. The deal would create a new company in the U.K., allowing Steris to redomicile there and save on taxes.

With a Series of Star Hires, Freshfields Shifts Strategy in New York

By Chris Johnson |

Elite U.K. firms have struggled to establish themselves as serious contenders in the U.S., especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank and Shearman in a bid to challenge Wall Street firms on their own turf.

Fried Frank, Quinn Emanuel Boost London With Senior Partner Hires

By Chris Johnson |

Fried Frank captures Kirkland & Ellis London senior partner Graham White, who joins the firm as its first-ever London managing partner, while Quinn Emanuel launches a London competition practice with the hire of litigator Boris Bronfentrinker from Hausfeld & Co.

Former Class Action King Takes Control of NHL's Coyotes

By Brian Baxter |

A hat trick of firms—Blank Rome, Oslers and Shearman & Sterling—are advising on the $155 million sale of a 51 percent stake in the National Hockey League's Phoenix Coyotes to Andrew Barroway, a high-flying plaintiffs lawyer-turned-hedge fund executive.

The Churn

Blank Rome Whistleblower Group Defects, Plus More Lateral Moves

By Brian Baxter |

One of the few whistleblower practices at an Am Law 100 firm is heading out on its own; fast-growing Parker Ibrahim & Berg raids Edwards Wildman Palmer to branch out in Boston; Ballard Spahr's mortgage banking head goes in-house; and more notable moves from throughout The Am Law 200.

Dealmakers of the Week: Skadden's Schnell and Chitwood

By MP McQueen |

Skadden, Arps, Slate, Meagher & Flom M&A partners Paul Schnell and C. Michael Chitwood led the deal team advising medical technology company Becton, Dickinson and Co. on its $12.2 billion cash-and-stock purchase of CareFusion Corp.

Simpson Thacher, Weil Advise on Blackstone Spinoff

By Nathalie Pierrepont |

Blackstone Group announced on Friday plans to spin off its financial advisory and Park Hill fund placement businesses and merge them with PJT Partners, an advisory firm founded by M&A star Paul Taubman. For legal counsel, PJT turned to Weil, Gotshal & Manges, which is a longtime adviser to Taubman's former employer Morgan Stanley. Blackstone tapped Simpson Thacher & Bartlett.

A Myth That Motivates Mergers

By Steven J. Harper |

Bigger is better, except when it's worse.

The Careerist: Should Firms Use Personality Tests?

By Vivia Chen |

Big Law is way behind the curve in how it screens recruits. But that might be a good thing, at least when it comes to personality tests.

Four Firms Grab Roles on Gentiva's Kindred Combination

By Wenxiong Zhang and Brian Baxter |

Gentiva Health Services, one of the nation's largest home health care and hospice companies, will be absorbed into Kindred Healthcare in a $1.8 billion cash, stock and debt deal that will create the country's largest rehabilitation and hospice services provider. Cleary Gottlieb, Gibson Dunn, Greenberg Traurig and Weil have landed lead roles on the transaction.

stacks of cash

Fee Tracker: Bingham, Fried Frank Bag Old Mutual IPO Roles

By Brian Baxter |

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.

Am Law 100 Firms Capitalize on Big Pharma Deals

By Wenxiong Zhang |

Sullivan & Cromwell, Latham, McDermott and Sidley Austin advised on Impax Laboratories' purchase of Tower Holdings for $700 million. Sullivan & Cromwell also counseled Endo International on a separate pharmaceutical deal in which the company agreed to pay $2.6 billion for Auxilium Pharmaceuticals, itself advised by Morgan Lewis and Willkie. Meanwhile, Debevoise and Wilmer took the lead on a third transaction in the pharmaceutical sector, this one worth $675 million.

Skadden Once Again Comes Out on Top of M&A Rankings

By Wenxiong Zhang |

Continuing on its transactional tear, Skadden, Arps, Slate, Meagher & Flom sat atop three separate rankings of legal advisers for global M&A deals based on total transaction value in the first three quarters of the year.

Head Count Moves in Opposite Extremes at Patton Boggs, Stinson Leonard

By Brian Baxter |

Legacy firm Patton Boggs, along with Kenyon & Kenyon, McKenna Long & Aldridge, Bingham McCutchen and Dickstein Shapiro, were the Am Law 200 firms that saw their attorney head counts drop the most over the past 12 months, according to data compiled by ALM's RivalEdge. A handful of Am Law 200 firms saw double-digit percentage increases, including Stinson Leonard Street, mostly as a result of mergers.

Davis Polk, Paul Weiss Get Bronzed on Chilean Copper Deal

By Nathalie Pierrepont |
The Churn

King & Spalding Raids Bingham in London, Plus More Lateral Moves

By Brian Baxter |

Bingham McCutchen has one partner left in London following the departure of a restructuring specialist for King & Spalding, which lost the founder of its London office to General Electric. Meanwhile, Schiff Hardin heads to Dallas, along with other notable moves from throughout The Am Law 200.

Gibson Dunn, Willkie Put on Pretty Face for Bourjois Buy

By Nathalie Pierrepont |

New York-based cosmetics company Coty has turned to Gibson, Dunn & Crutcher and French firm Bredin Prat to advise on its $240 million bid for Chanel's Bourjois cosmetics brand. Gibson Dunn has long-standing ties to the beauty giant, which went public last year. Willkie Farr & Gallagher is advising Chanel.

Eduardo Leite

Baker & McKenzie's Chairman Elected to Two More Years

By MP McQueen |

The firm has voted to extend Eduardo Leite's appointment as chairman of its executive committee for another two years amid a number of other appointments within its leadership ranks.

Grand Tete de Femme by Picasso

Disgraced Class Action Star Selling Home and Picassos

By Nathalie Pierrepont |

Melvyn Weiss, who pleaded guilty to racketeering charges in 2008 for paying kickbacks to clients, is selling more than 140 works of art by Pablo Picasso. Also for sale: his mansion on Long Island's Gold Coast.

The Careerist: Mrs. Clooney, Please Don't Quit!

By Vivia Chen |

Will George Clooney's bride keep her job as a lawyer? We hope so.

Covington, In-House Teams Get an Assist on NBA's TV Mega-Deal

By Brian Baxter |

Only days after helping the National Football League negotiate an eight-year, $12 billion contract extension with DirecTV, Covington & Burling assisted the National Basketball Association on its nine-year, $24 billion broadcast rights agreement with ESPN and Turner Broadcasting System.

Two Am Law 100 Firms Double Down on Overseas Investments

By Nathalie Pierrepont |

Morgan, Lewis & Bockius has doubled down in Kazakhstan with an office in the country's new capital Astana. Meanwhile, Baker & McKenzie's Saudi affiliate, Legal Advisors, Abdulaziz I. Al-Ajlan & Partners, announced its opening of an office in Jeddah.

Am Law Firms Land Roles on BD's $12 Billion Health Care Deal

By MP McQueen |

Skadden, Wachtell and Weil are advising on medical technology company Becton, Dickinson and Co.'s purchase of medical device maker CareFusion Corp., marking the latest in a record-setting series of mergers and acquisitions in the pharmaceutical and medical device manufacturing industries.

The Fortune 500's Go-To Firms (and How to Become One)

Using public records and other databases, our sister publication, Corporate Counsel, discovered the firms that America's biggest companies use in key areas of litigation. Plus, the secrets to becoming one of those firms.

Florida Coastal School of Law

Student Loans, Moral Hazard and a Law School Mess—Conclusion

By Steven J. Harper |

At some point, this series on law school market dysfunction must end. So does the dysfunction itself.

Report: Law Firm Mergers Continue Their Record Pace

By Nathalie Pierrepont |

Legal consultancy Altman Weil's latest law firm merger report finds that the 62 law firm combinations announced in the U.S. from January through September of this year slightly outpaces last year's record for the same period.

The Churn

London Calling for US Firms, Plus More Lateral Moves

By Brian Baxter |

Gibson Dunn, Kaye Scholer and Paul Hastings all made major lateral hires in London this week by raiding their British brethren. The Am Law Daily looks at those moves and more in our latest tally of hires from throughout The Am Law 200.

As Autumn Leaves Fall, So Too Do Legal Sector Jobs

By Wenxiong Zhang |

The legal sector shed 4,600 jobs in September, taking its deepest dive so far this year, according to seasonally adjusted preliminary data released Friday by the U.S. Bureau of Labor Statistics.

Photo via iStock

Survey Finds Modest But Slowing Increase in Legal Spending

By MP McQueen |

For the third time in a row, companies are reporting a modest increase in their total legal spending, but at a slower rate than in years past, according to HBR Consulting's 2014 law department survey. Meanwhile, spending on in-house law departments has been outpacing spending on outside counsel.

Joan Lukey

Top Trial Attorney at Ropes & Gray Heads to Choate Hall

By MP McQueen |

Joan Lukey is leaving Ropes & Gray to join the much smaller Boston-based firm of Choate, Hall & Stewart as a partner and chairwoman of its complex trial and appellate litigation group.

Munger Tolles Helps Buffett Break Into Big Auto

By Nathalie Pierrepont |

Munger, Tolles & Olson is advising longtime client Berkshire Hathaway on its acquisition of the Van Tuyl Group, the nation's fifth-largest auto dealership by sales. DLA Piper is in the driver's seat for Van Tuyl.

NFL's DirecTV Deal Yields Gridiron Roles for Covington, Gibson Dunn

By Brian Baxter |

Covington & Burling is counseling the National Football League on an eight-year, $12 billion extension of its Sunday Ticket television deal with DirecTV, a key component of the satellite broadcaster's pending $48.5 billion sale to AT&T.

Morgan Lewis, Paul Weiss Broker UBM's Advanstar Acquisition

By Wenxiong Zhang |

The two Am Law 100 firms and Magic Circle shop Slaughter and May are working on a deal that will see British media and marketing company UBM become the largest events organizer in the U.S.

California Attorney General Kamala Harris

The Careerist: Is This Subject Off-Limits?

By Vivia Chen |

In a lighthearted blog post, I mentioned a lawyer's sex appeal. Blowback!

Charlie Geffen

Gibson Dunn Grabs Former Head of Ashurst

By Nathalie Pierrepont |

Charlie Geffen, who led the British firm for five years until he was replaced by dispute resolution partner Ben Tidswell in 2013, is joining Gibson, Dunn & Crutcher's London office along with Ashurst corporate partner Mark Sperotto.

Ashurst, Gibson Dunn Meet Again Over Murphy Oil Sale

By Brian Baxter |

While Gibson, Dunn & Crutcher's London office raided Ashurst for its former head, the two firms also worked on opposite sides of Arkansas-based Murphy Oil's $2 billion sale of assets in Malaysia to an Indonesian oil and gas giant.

Billionaire Lawyer Fuels Four Firms With Energy Deal

By Brian Baxter |

Andrews Kurth and Akin Gump Strauss Hauer & Feld are advising Enterprise Products Partners L.P., an energy pipeline investor headed by a Houston lawyer-turned-billionaire, on its $4.6 billion acquisition of a two-thirds stake in marine terminal operator Oiltanking Partners L.P., which has retained Skadden, Arps, Slate, Meagher & Flom and Vinson & Elkins. Enterprise plans to eventually take full control of Oiltanking in a deal valued at roughly $5.8 billion.

The Churn

Bingham's Biggest Rainmakers, Plus More Lateral Moves

By Brian Baxter |

As Bingham McCutchen mulls a merger with Morgan, Lewis & Bockius, a key factor in clinching any deal will be the participation of certain rainmakers. The Am Law Daily has a look at those individuals, some of whom have left the firm, and other notable moves from throughout The Am Law 200, such as significant acquisitions by Armstrong Teasdale in Denver, Fox Rothschild in Dallas and Quarles & Brady in Scottsdale, Ariz.

Changes to Law School Standards Eliminate Waste

By Matt Leichter |

The ABA approved a number of changes to law school accreditation standards, many of which reduce ways law schools waste students' money and time.

Cravath Helps Johnson & Johnson Bag Another Pharma Firm

By MP McQueen |

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 viral drug developer being represented by Latham & Watkins.

Carl Icahn

Icahn, Wachtell Meet Again Over eBay

By Nathalie Pierrepont |

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.

Vincent Viola, new owner of the Florida Panthers chats with the media during the announcement of his new team ownership at the BB&T Center on September 27, 2013 in Sunrise, Florida.

Two Lawyers Are New Among Forbes 400 Richest Americans

By Brian Baxter |

Welcome, Vincent Viola and Mark Walter. Another lawyer slips off the exclusive list. But don't worry—Leon Charney is still a billionaire.

Kirkland, Wilson Sonsini Take Tibco Software Private

By Brian Baxter |

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.

An Encana compressed natural gas vehicle being filled.

Am Law Trio Tapped for Encana's $5.3 Billion Energy Deal

By Nathalie Pierrepont |

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.

The Careerist: Paging Ms. Abrasive

By Vivia Chen |

Are women too addicted to being lovable?

Who Represents Corporate America

The Secret to Getting More Business From Your Clients

By Anthony Paonita, editor-in-chief |

Having a tough time dealing with company general counsel? Poor communication is often the problem. Here are strategies for working better together—and getting more of their business.

The Churn

Bingham Starts Hiring Again, Plus More Lateral Moves

By Brian Baxter |

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.

Tampa Business Park, site of White & Case's U.S. global services center.

White & Case Opens Back Office in Tampa

By Brian Baxter |

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.

Student Loans, Moral Hazard and a Law School Mess, Part II

By Steven J. Harper |

One manifestation of structural problems with the current mechanism for funding legal education is, well, structures.

The Careerist: Law as a Boy's Club? Just Try Finance

By Vivia Chen |

Women in finance say sexism is rampant, but they don't seem that bothered.

Former Baltimore Ravens player Ray Rice.

Norton Rose, Ex-Crowell & Moring Partner Enter NFL's Ray Rice Saga

By Brian Baxter |

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.

The Pabst Blue Ribbon brewery located in Milwaukee, Wisconsin.

Am Law 100 Firms Toast Beer, Aluminum Deals in Russia

By Brian Baxter |

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.

Australia's Slater & Gordon Continues UK Acquisition Spree

By Chris Johnson |

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.

(l-r) Mary Bonauto, Sarah Deer, and Jonathan Rapping.

The Careerist: Profs at Low-Ranking Law Schools Win Genius Grants

By Vivia Chen |

The latest news about law schools and legal markets.

Three From Akin Launch Own Firms After Texas Suit Debacle

By Brian Baxter |

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.

Thompson & Knight, Vinson & Elkins on Mexican Oil Deal

By MP McQueen |

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.

The Churn

Akin Loses Two, But Again Raids Bingham, Plus More Lateral Moves

By Brian Baxter |

Bingham McCutchen lost four more partners to Akin Gump Strauss Hauer & Feld this week in Hong Kong and London, as the former continues to pursue a potential merger with Morgan, Lewis & Bockius. McCarter & English adds eight partners of its own through a merger, Jones Day hires another Latin American dealmaker and more notable moves from throughout The Am Law 200.

The Ruby Pipeline went into service on July 28, 2011 and transports natual gas from the Rocky Mountain supply region to the U.S. West Coast markets.

Baker Botts, Latham Lead on Veresen's $1.4 Billion Stake Buy

By MP McQueen |

Canadian energy company Veresen Inc. has agreed to pay Global Infrastructure Partners $1.43 billion in cash for a 50 percent stake in Ruby Pipeline, a natural gas pipeline running from the Rockies to the West Coast.

Four Am Law Firms Advise on Siemens' $7.6 Billion Energy Deal

By Valori Corral-Nava |

Latham & Watkins, Gibson Dunn, Wachtell and Baker Botts are advising on the all-cash deal that sees German multinational engineering conglomerate Siemens AG acquiring Dresser-Rand Group, a Houston-based maker of compressors, steam turbines, gas turbines and engines for the oil and gas industry.

The Careerist: Blacks and LGBTs (More than Women) Want To Be Leaders

By Vivia Chen |

Women across the board do not aspire to be leaders.

The headquarters of Merck KGaA in Darmstadt, Germany.

Skadden, Sidley Austin Catalyze Latest Health Care Merger

By MP McQueen |

German pharmaceutical giant Merck KGaA has agreed to buy Sigma-Aldrich Corp. for $17 billion in cash in Merck's largest takeover to date.

Bingham, Morgan Lewis Strike Tentative Deal to Merge

By Brian Baxter |

Rumored for weeks to be mulling a potential union, the two Am Law 100 firms saw their leaders reach an agreement on a merger deal Friday that could create a 2,100-lawyer firm with offices in 28 cities. The potential combination, which does net yet include a letter of intent, comes after months of lateral partner departures at Bingham. The firm has gone through a leadership change as it seeks to rebound from a tough year financially in 2013.

The Churn

Freshfields Adds Four But Loses One, Plus More Lateral Moves

By Brian Baxter |

The Magic Circle firm's New York hiring spree continued, although one partner has left the London-based legal giant's office in Washington, D.C., for a top in-house job at Chevron. The Am Law Daily looks at those moves and more in our latest tally of notable hires from throughout The Am Law 200.

Law Firm Lawsuit-Palooza: Latham, Baker & McKenzie Under Fire

By MP McQueen |

Our latest roundup of law firm lawsuits includes a malicious prosecution case against Latham & Watkins that was reinstated by a California appeals panel, as well as a suit against Yahoo Inc. and its lawyers at Baker & McKenzie, alleging that they conspired to get a big verdict against the tech giant overturned in Mexico.

Valerie Jacob.

Freshfields Poaches Fried Frank Capital Markets Team

By Brian Baxter |

Valerie Ford Jacob, the head of the capital markets group at Fried, Frank, Harris, Shriver & Jacobson, is leaving with partners Michael Levitt and Paul Tropp to join Magic Circle firm Freshfields Bruckhaus Deringer in New York. The moves are the latest high-profile lateral hires by Freshfields in the U.S.

Judge Dismisses Contract Attorney's Suit Against Skadden

By MP McQueen |

A federal judge in Manhattan threw out a lawsuit filed by David Lola, a former contract lawyer for Skadden, Arps, Slate, Meagher & Flom, who accused the firm and its legal staffing agency, Tower Legal Staffing, of violating federal overtime pay laws. Lola's attorney vows to appeal the ruling.

The Careerist: Lawyer Suspended for Photoshopping

By Vivia Chen |

Three ways to get suspended, fired or disbarred.

Jones Day Continues Deal Spree with SAP's Concur Buy

By Brian Baxter |

German software giant SAP has turned to Jones Day and Paul, Weiss, Rifkind, Wharton & Garrison for its $8.3 billion acquisition of enterprise software company Concur Technologies. The deal is one of a handful of major software transactions announced so far this month and third major M&A mandate in a week for Jones Day.

The icon for VKontakte, Russia's largest social network, centre, sits beside other social media apps on a digital screen on Wednesday, April 23, 2014.

Akin, Skadden Help Russia's Richest Man Get More Social

By Brian Baxter |

The two Am Law 100 firms are working on the $1.47 billion sale of a 48 percent stake in VKontakte, Russia’s answer to Facebook, by United Capital Partners to a company controlled by oligarch Alisher Usmanov. The deal, which raises questions about Russia's commitment to Internet freedom, also comes amid increased tensions between the country and the West and sanctions against some Russian businesses as a result of the ongoing crisis in Ukraine.

Pearlridge Center, a mall owned by Glimcher Realty Trust and located in Aiea, Hawaii.

Am Law Firms Land Roles on Big Real Estate Deals

By Valori Corral-Nava |

A flurry of real estate transactions totaling $6.9 billion has yielded work for several Am Law 100 firms, including Simpson Thacher & Bartlett, Wachtell, Lipton, Rosen & Katz, Willkie Farr & Gallagher and Goodwin Procter.

Xiaflex by Auxilium

Takeover Battle Highlights Skadden's Inversion Expertise

By Brian Baxter |

Four Am Law 100 firms are facing off in a $2.2 billion takeover fight involving Endo International's bid to acquire Auxilium Pharmaceuticals, a deal that would stymie a $345 million tax inversion deal forged by the latter this summer with Canadian biotechnology firm QLT. Skadden, Arps, Slate, Meagher & Flom, which is currently advising Auxilium, has also done inversion work for Endo.

The Careerist: Women Fall Behind in Client Development—More Than Ever

By Vivia Chen |

Women are losing ground in client origination, says study.

business men in London

Bingham Loses Bulk of London, Frankfurt Offices to Akin

By Julie Triedman and Brian Baxter |

Akin Gump Strauss Hauer & Feld announced Wednesday morning that most of Bingham McCutchen's London and Frankfurt offices, along with a third of Bingham's Hong Kong office, will be joining the firm in one of the more high-profile mass lateral defections in recent memory.

The Churn

Dentons' New LatAm CEO Eyes Mergers, Plus More Lateral Moves

By Brian Baxter |

Jorge Alers, a former head of the Latin American practice at two Am Law 100 firms and most recently general counsel for the Inter-American Development Bank, is on the lookout for potential combinations as the new CEO of Dentons' Latin American and Caribbean group. The Am Law Daily takes an in-house focused look at the latest round of notable hires from throughout The Am Law 200.

Peter Lyons.

Freshfields Bags M&A Bigwig From Shearman & Sterling

By MP McQueen |

The Magic Circle firm has hired Shearman's M&A partner Peter Lyons as it continues to boost its ranks in U.S. transactional work.

The American Lawyer Names Global Legal Awards Grand Prize Winners

By Chris Johnson |

The American Lawyer announced Monday the winners of its Global Legal Awards grand prizes. In the climax of a thrilling event at Gotham Hall in New York City, four grand prizewinners were chosen from more than 270 nominations to be named as the year's best cross-border legal work across corporate, finance, disputes and citizenship.

Cognizant's Delivery Center in Kolkata.

Am Law Firms Advise on Pair of Health Care Mergers

By MP McQueen |

Monday was a big day for health care company mergers, with Latham & Watkins, Kirkland & Ellis and Skadden, Arps, Slate, Meagher & Flom taking the lead on two deals with a combined value of nearly $5 billion.

A TRW employee working in an auto parts manufacturing facility.

Am Law 100 Trio Revs Up for Auto Parts Megamerger

By Brian Baxter |

Simpson Thacher & Bartlett and leading German shop Gleiss Lutz are advising Michigan-based TRW Automotive on its $11.74 billion sale to Germany’s ZF Friedrichshafen, advised by Sullivan & Cromwell. Gibson, Dunn & Crutcher is counseling another party to the deal, which if completed will create the world's second-largest auto parts supplier.

Detroit Trial Elicits Unusual Apology From Kirkland, Syncora

By Susan Beck |

Less than a week after insurer Syncora dropped its opposition to Detroit's plan to emerge from Chapter 9 bankruptcy, the company and its lawyers at Kirkland issued an extraordinary public apology Monday for attacking the motives and good faith of the two mediators working on the city's reorganization.