All the gossip and shallow news fit for August.
All the gossip and shallow news fit for August.
Weil, Gotshal & Manges debt capital markets partner Gil Strauss has decamped for Simpson Thacher & Bartlett in London, a Debevoise & Plimpton litigation partner joins the U.S. State Department and more notable moves from throughout The Am Law 200.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Couples who split the housework fairly are happier between the sheets, according to a new study.
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.
These 22 firms have the most self-reported lesbian, gay, bisexual or transgender lawyers among the Am Law 200, according to our annual survey.
If you want to be a better, more productive lawyer, take a vacation—a real one.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A new study says that people are more apt to lie to women than men during business negotiations.
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.
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 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 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, 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.
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.
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.
Your nail polish, your career: How far are you pushing the fashion envelope?
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.
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.
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.
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.
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.
With record revenue of $2.54 billion for its fiscal year ended June 30, the firm bumps DLA Piper from its perch.
Tips from a former partner about making a strong first impression.
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 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.
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.
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.
A look at the subtext behind Working Woman magazine's "50 best firms for women."
Baker & McKenzie acquired South African boutique firm Vani Chetty Competition Law to create its own competition practice in Johannesburg.
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.
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.
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 Cars.com.
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.
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.
What would you do? Go to the better-ranked law school? Or the one that's plying you with cash?
Dentons is suing the Republic of Guinea for more than $10 million in allegedly unpaid legal bills, plus interest.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Happiness expert Dan Bowling reviews The Good Lawyer by Nancy Levit and Doug Linder.
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.
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.
Legally, the Yukos oligarchs deserve their $50 billion. Morally, it's murky.
When they brought a $114 billion claim against Russia to trial, Yukos' lawyers decided to let the facts speak for themselves.
Tips for law students on how to approach firms for an interview.
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.
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.
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.
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.
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.
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.
If you thought the story of Dewey & LeBoeuf ended when the firm declared bankruptcy, you're wrong. The best is yet to come.
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.
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.
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.
Find out which law schools are the most sought-after in the land.
A recent study finds that women and minorities get ahead when they keep their mouths shut.
The potentially record-shattering arbitration award will be unveiled in London by former Yukos shareholders and their longtime counsel at Shearman & Sterling.
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.
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.
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.
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.
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.
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.
The latest in gossipy, curious and totally irrelevant news about people in law.
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.
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.
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.
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.
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.
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.