Top Stories

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 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.

The Churn

Sidley Snags Cam Kerry, Plus More Lateral Moves

By Brian Baxter |

Sidley Austin has hired Cameron Kerry, a former general counsel and acting secretary at the U.S. Commerce Department and younger brother of U.S. Secretary of State John Kerry, as senior counsel in Boston and Washington, D.C. The Am Law Daily looks at Kerry's hire and more in our latest roundup of lateral moves throughout The Am Law 200.

Paul Hastings Helps Tate's Whip Up Private Equity Buyer

By Brian Baxter |

Thomas Kruger, a corporate partner with Paul Hastings in New York, earlier this month helped good friend Kathleen King sell her famous Tate's Bake Shop this week to private equity firm The Riverside Company. The deal marks the end of a long journey for King, who more than a decade ago lost the name to the company she founded in Southampton, N.Y.

Pay Gap Increases Between Equity and Nonequity Partners

By Ross Todd |

Meanwhile, a 47 percent gap between female and male partner pay isn't closing, says the new survey from Major, Lindsey & Africa.

Choate Hall, Foley Hoag Bask in Summer Associate Glow

By MP McQueen |

Summer associates are generally a happy bunch. But some are happier than others, like those who spent the summer at Boston-based Choate Hall & Stewart, which tied with Foley Hoag for No. 1 in The American Lawyer's 2014 Summer Associates satisfaction survey.

Squire Patton Boggs Website Fails to Keep Up With Merger

By Julie Triedman |

Three-and-a-half months after Cleveland-based Squire Sanders and Washington, D.C.-based Patton Boggs' merger into Squire Patton Boggs went live, the firm still has a split identity online.

Senator Elizabeth Warren (D-MA).

Student Loans, Moral Hazard and a Law School Mess

By Steven J. Harper |

Sen. Elizabeth Warren is promoting legislative relief for student debtors, but some law schools are poster children for the larger problem.

Criminal Charges Levied Against Dentons’ Ex-Montreal Tax Head

By Brian Baxter |

Constantine Kyres, who headed the tax group in Dentons’ Montreal office until earlier this year, has been accused of extortion and obstruction of justice by prosecutors in Canada as a result of a long-running corruption probe involving engineering giant SNC-Lavalin and the government of former Libyan dictator Muammar Gaddafi. But Kyres' lawyer plans to fight the charges.

Large Law Firm Mergers Now Coming to Latin America

By Brian Baxter |

Spanish legal giant Uria Menendez, an alliance partner of Magic Circle firm Slaughter and May, has agreed to take a 30 percent stake in Latin America’s first major cross-border law firm merger between Chile’s Philippi Yrarrazaval Pulido & Brunner and Colombia’s Prietocarrizosa. The trio will form Philippi Prietocarrizosa & Uria, a 220-lawyer firm with offices in both countries.

Jones Day, Kirkland Advise on Eastman Chemical Buy

By MP McQueen |

The two Am Law 100 firms are handling Eastman Chemical Company's purchase of global specialty chemical company Taminco Corp. for $1.8 billion in cash, plus debt.

Am Law Firms Score on Slew of Financial Services Deals

By MP McQueen |

A handful of Am Law 100 firms took lead roles on recent deals in the financial services sector, including Wachtell, Lipton, Rosen & Katz; Willkie Farr & Gallagher; Skadden, Arps, Slate, Meagher & Flom; and Squire Patton Boggs.

Alan Levin and Jerry Clements

Locke Lord, Edwards Wildman Leaders Discuss Proposed Union

By Brian Baxter |

Edwards Wildman Palmer and Locke Lord firm leaders speak with The Am Law Daily about the forces that drew their firms together and the timeline for a combination that would create Locke Lord Edwards sometime by January 2015.

The Careerist: Do Women Lack Guts?

By Vivia Chen |

It's not what you think: New study sheds light on why women aren't going for partnership and promotions.

Jerry Clements

Locke Lord, Edwards Wildman Sign Letter of Intent to Merge

By Brian Baxter |

The two Am Law 100 firms, both of which are no stranger to combinations, have tentatively agreed to push forward with a potential merger that would create Locke Lord Edwards, a 1,076-lawyer firm with offices in 23 cities.

Two Am Law Firms Advise on General Mills' Organic Food Buy

By Jamille Sutton |

Faegre Baker Daniels is representing General Mills in its $820 million purchase of organic food company Annie's as the company looks to capitalize on the rapidly growing demand for organic and natural foods. Proskauer Rose is counseling Annie's.

The Churn

Jones Day Adds Two More Kirkland IP Litigators, Plus More Lateral Moves

By Brian Baxter |

The IP litigation exodus from Kirkland & Ellis continued this week as partners William Devitt and Matthew Hertko decamped for Jones Day in Chicago. The Am Law Daily has a look at those moves and more in our latest roundup of notable hires from throughout The Am Law 200.

Proskauer Helps Keep Bills in Buffalo

By Brian Baxter |

In what could be the largest-ever sale of a National Football League team, Proskauer Rose is advising the estate of the late Ralph Wilson Jr. on its agreement to sell the Buffalo Bills to shale gas industry billionaire Terrence Pegula for a reported $1.4 billion. A handful of other regional and Am Law 100 firms also have roles related to the sale.

Four Am Law Firms Lead Way on Scandinavian M&A Deals

By Valori Corral-Nava |

Davis Polk, Jones Day, Sidley Austin and Wachtell Lipton advised on two cross-border M&A transactions with a northern European twist worth a combined $4.7 billion.

Key Bingham Group Mulling Move Amid Merger Talks

By Brian Baxter and Julie Triedman |

James Roome, a London-based managing partner, global financial restructuring cochair and executive board member at Bingham McCutchen, could lead an overseas exodus of international partners from the firm should it push forward with merger talks with Morgan, Lewis & Bockius. Roome's potential departure from Bingham would be a huge blow to the firm, which recently revamped its leadership structure and compensation system after a tough year financially in 2013.

Summer Associate Survey

The American Lawyer's annual survey measuring the satisfaction of summer associates employed by the nation's law firms. Firms are scored based on associate ratings of the firm's qualities, including interest and satisfaction with the work, benefits and compensation, interaction with partners, training, and more.

The Churn

Lure of the Legal Giants, Plus More Lateral Moves

By Brian Baxter |

Baker & McKenzie, Jones Day, Norton Rose Fulbright and Squire Patton Boggs all experienced churn to their robust partnership ranks in the first week of September; a high-profile in-house lawyer joins Ballard Spahr as a Bingham McCutchen partner heads the other way; and Milbank brings on a top federal prosecutor in our latest look at notable hires from throughout The Am Law 200.

Alibaba IPO a Magic Elixir for Simpson Thacher, S&C

By Brian Baxter |

Chinese e-commerce giant Alibaba Group Holding filed papers Friday seeking to raise more than $21 billion in an initial public offering on the New York Stock Exchange later this month. The company's prospectus also reveals a lucrative payday for its outside lawyers, generating $15.775 million in legal fees and expenses.

The Careerist: Another Big Law Partner Weds Hottie

By Vivia Chen |

The loves and lusts of members of the bar. News and gossip roundup.

Legal Sector Jobs Rally in Final Month of Summer

By Valori Corral-Nava |

The legal sector wiped out its employment losses in July by adding 3,300 jobs in August—its largest monthly gain so far this year, according to the latest figures released Friday by the U.S. Bureau of Labor Statistics.

Hogan Lovells Handles Big Buy of NYC Subway Designer

By Brian Baxter |

September's deluge of deals didn’t leave out Canada. Hogan Lovells and a half-dozen leading firms up north grabbed roles this week on two transactions in the financial services and construction industry totaling roughly $5 billion.

Beer Here! Dechert, Gibson Dunn, Jones Day Toast Pair of Deals

By Brian Baxter |

A trio of Am Law 100 firms are getting the fourth quarter started with a pair of beer industry deals. Gibson, Dunn & Crutcher and Moelis & Co.—the new home of Eric Cantor—are advising Heineken on the $1.2 billion sale of its Mexican packaging unit, while Jones Day has taken the lead for private equity firm Riverside on its purchase of a Salt Lake City-based craft brewer.

Global Legal Awards: Global Disputes of the Year

The American Lawyer Global Disputes of the Year honor the winning team in transnational cases regardless of the venue.

Sher Kung.

Perkins Coie Associate Killed in Truck Collision

By MP McQueen |

Sher Kung, best known for her work on civil rights advocacy cases, including the American Civil Liberties Union lawsuit that helped overturn the military's Don't Ask, Don't Tell policy for gay service members, was killed on Friday while bicycling to work in downtown Seattle.

Freshfields Bolsters U.S. M&A Ranks With Wachtell, Skadden Alums

By Brian Baxter |

The Magic Circle has had its problems trying to make inroads in the U.S., but Freshfields Bruckhaus Deringer, one of the London-based legal giants that has perhaps had the most success stateside, is ramping up its bid for transactional work in New York by hiring two former partners from Wall Street stalwarts Wachtell, Lipton, Rosen & Katz and Skadden, Arps, Slate, Meagher & Flom. The new additions come after Freshfields recently saw two partners depart from its U.S. ranks.

The Seven Seas Voyager, a cruise ship owned by Prestige Cruises.

Am Law Trio Smooths Waters for Norwegian Cruise Acquisition

By Valori Corral-Nava |

Weil, Paul Weiss and Cravath advised on the $3.03 billion sale of Prestige Cruises International to Norwegian Cruise Line Holdings as it looks to become the next big name in luxury ocean cruises.

What You Should (and Shouldn't) Do at Your Callback—7 Tips

By Vivia Chen |

The unwritten rules you need to know about the call-back interview.

The Churn

Weil Hires in Dallas, Plus More Lateral Moves

By Brian Baxter |

Weil, Gotshal & Manges, which experienced an exodus of partners in Dallas last year, has made a key corporate hire in the city. The Am Law Daily looks at that move as well as more departures from Bingham McCutchen and Kirkland & Ellis, tie-ups by DLA Piper and Hinshaw & Culbertson and some prominent lawyers leaving public service in our latest look at notable hires from throughout The Am Law 200.

Hinshaw Bags Barger & Wolen to Bolster Insurance Expertise

By Brian Baxter |

Hinshaw & Culbertson, a 460-lawyer regional midwestern Am Law 200 firm based out of Chicago, has agreed to merge on Oct. 1 with California's Barger & Wolen, a 45-lawyer shop that also has outposts in New York and London. The deal, which has been approved by the partnerships of both firms, will give Hinshaw its first overseas office.

Dewey Defendants Again Urge Dismissal of Criminal Charges

By MP McQueen |

Four former Dewey & LeBoeuf executives filed new motions late last week asking the New York State Supreme Court to throw out charges of grand larceny and fraud linked to the firm's collapse, claiming Manhattan prosecutors failed to produce evidence of criminal intent and incorrectly instructed a grand jury about accounting rules the men are accused of abusing.

Global Legal Awards: Global Citizenship Awards of the Year

In this category, The American Lawyer Global Citizenship Awards honor global matters dedicated to the spirit of pro bono and social responsibility.

The Ambassador Bridge to Windsor, Ontario over Jefferson Avenue in Detroit, Mich. Detroit Bankruptcy Judge Steven Rhodes took a bus tour of the city on Aug. 8, 2014.

Detroit Bankruptcy Trial Steps Into Uncharted Territory

By Susan Beck |

The city's proposed plan to emerge from the biggest municipal bankruptcy is fraught with complexities. Among the issues to be argued by several Am Law firms during the six-week trial, which begins Tuesday, is whether securities holders insured by Syncora Guarantee Inc. are getting their fair share.

Global Legal Awards: Global M&A Deals of the Year

In this category, The American Lawyer's Global Legal Awards honor the 10 cross-border deals and disputes of 2013 that best exemplify the challenges of transnational legal practice.

The Churn

Kirkland IP Duo Departs, Plus More Lateral Moves

By Brian Baxter |

Two more IP litigation partners leave Kirkland & Ellis, a Bingham McCutchen corporate partner goes in-house, Jones Day scores a Latin American dealmaker and Ropes & Gray grabs a high-profile private equity partner in our latest look at notable hires from throughout The Am Law 200.

Am Law Firms Help Smooth Family Feud Over Market Basket

By Ross Todd |

Armed with a battalion of lawyers from Skadden, Ropes & Gray, Jones Day and Curtis Mallet-Prevost, warring factions of the family-owned Market Basket grocery stores announced a truce Thursday in their fight for control of the chain, with minority shareholders agreeing to buy out majority shareholders.

Snapchat CEO Evan Spiegel

Amid Snapchat’s Rise, Legal Advisers Abound

By Brian Baxter |

The Silicon Beach photo messaging service Snapchat was valued at $10 billion this week following an investment from venture capital firm Kleiner Perkins Caufield & Byers. Behind the startup's rapid rise to fame are a handful of firms, including Cooley, which does most of Snapchat’s outside legal work, and others like Perkins Coie and Quinn Emanuel Urquhart & Sullivan. Snapchat CEO Evan Spiegel is the son of two lawyers with Am Law 100 ties.

Midlevel Report: Who Actually Takes Their Vacation Time?

The American Lawyer takes a look at firms where respondents to our Midlevel Associates Survey reported taking the most and the fewest vacation days in 2013. The average number of days taken was 12.50.

David Feirstein and William Sorabella

Dealmakers of the Week: Kirkland & Ellis' Sorabella and Feirstein

By MP McQueen |

As lead advisers for Burger King on its $11.4 billion tie-up with Canadian coffee-and-doughnut chain Tim Hortons, William Sorabella and David Feirstein helped oversee one of the most visible corporate tax inversions yet.

O'Melveny Sees Wave of Departures in Singapore

By Tom Brennan |

Over the past nine months, the Los Angeles-based firm has lost 14 lawyers in its city-state office. Why have so many left, and what does O'Melveny plan to do next?

Baker & McKenzie in Amsterdam, The Netherlands

Baker & McKenzie to Open Belfast Back Office

By MP McQueen |

The firm plans to man the office, which will open next month, with 120 employees by the end of the year, and eventually ramp up to as many as 250 employees within the next three years.

Global Legal Awards: Global Finance Deals of the Year

In this category, The American Lawyer's Global Legal Awards recognizes the 10 deals that best exemplify the challenges of transnational finance practice, from capital markets offerings to capital restructurings to infrastructure projects conceived on a vast scale.

Jones Day Nabs Shearman's LatAm M&A Head

By Brian Baxter |

Michael McGuinness, a corporate partner and former head of the Latin American M&A practice at Shearman & Sterling in New York, has left the firm for Jones Day, which over the past year has sought to slake its thirst for south-of-the-border clients by opening an office in Miami and making key lateral hires.

Satisfaction By City

Freeh's Accident Highlights Need for Leadership Depth

By Gina Passarella |

Pepper Hamilton Chairman Louis J. Freeh, a former judge and director of the FBI, was in a New Hampshire hospital Tuesday after suffering serious injuries in a one-car accident in Vermont.

A Day in the Life of a Managing Partner

By Julie Triedman |

Aspire to the top job at your law firm? Here's what you're in for.

Burger King, Tim Hortons Feed on Inversion Frenzy

By MP McQueen |

The two fast-food chains have agreed to an $11.4 billion tie-up that would send the combined company's headquarters up to Canada in the latest controversial tax inversion. Advising on the deal are Kirkland & Ellis, Paul Weiss, Wachtell and Munger Tolles, along with Canadian firms Davies Ward and Osler, Hoskin & Harcourt.

The Churn

Patton Boggs Diaspora Continues, Plus More Lateral Moves

By Brian Baxter |

After a short stint at Pillsbury Winthrop Shaw Pittman, a pair of former Patton Boggs litigators have joined several former colleagues at Manatt, Phelps & Phillips; a Sidley Austin litigation cochair goes in-house; a former Thelen firm leader retires; and more notable moves from throughout The Am Law 200.

Debevoise, Latham Tapped for Amazon's Twitch Purchase

By Alexandra Wilson |

The e-commerce giant will pay $970 million cash for San Francisco-based Twitch Interactive Inc., a videogame streaming company that attracted about 55 million unique users last month.

The Careerist: New York Ranks #1 for Misery

By Vivia Chen |

Is it a mistake to work and live in New York?

Berlin Packaging

Two Am Law Firms Advise on Oak Hill's $1.43 Billion Deal

By Alexandra Wilson |

Gibson Dunn and Paul Weiss provided legal counsel on private equity firm Oak Hill Capital Partners' acquisition of container maker Berlin Packaging LLC from Bahrain-based investment firm Investcorp Bank BSC.

Real Estate Roundup: Big Firms Move to Smaller Spaces

By MP McQueen |

Law firms are trading down in square footage per attorney when they take out new leases, and increasingly are looking for flexible, more economical spaces in line with the corporate clients they serve, commercial real estate experts say.

Cravath, Davis Polk Lead on Latest Big Drug Buy

By Brian Baxter |

In its biggest deal since its $46.8 billion takeover of Genentech in 2009, Swiss drug giant Roche has turned to Davis Polk & Wardwell for counsel on its $8.3 billion buy of suburban San Francisco-based lung disease drug developer InterMune, which is being advised by Cravath, Swaine & Moore and a Chicago IP boutique.

The Careerist: Gossip and News

By Vivia Chen |

All the gossip and shallow news fit for August.

The Churn

Simpson Thacher Raids Weil in London, Plus More Lateral Moves

By Brian Baxter |

Weil, Gotshal & Manges debt capital markets partner Gil Strauss has decamped for Simpson Thacher & Bartlett in London; Bank of America adds an Akin Gump partner; a Debevoise & Plimpton partner joins the U.S. State Department; and more notable moves from throughout The Am Law 200.

(From left to right) Reed Smith's Len Bernstein, Jim Mogan, Dana Janquitto, and Alexandra Sheedy-Rodriguez, with Will Rogers and Anthony Cucchi of The Trust for Public Land.

Reed Smith Helps Philadelphia Turn Concrete Into Green Space

By Alexandra Wilson |

The firm is offering its pro bono support to the Trust for Public Land to convert 10 schoolyards and recreation centers throughout Philadelphia into much-needed green space for the city's residents.

Miami Fort Station, located in North Bend, Ohio.

Am Law Firms Take Lead on Dynegy's Power Plan Purchase

By MP McQueen |

Dynegy Inc. will buy power plants and other assets from Duke Energy Corp. and private equity firm Energy Capital Partners in two separate deals worth a combined value of $6.25 billion. Skadden, White & Case, Bracewell & Giuliani and Latham & Watkins are all advising.

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

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.