Top Stories

Halla Visteon Climate Control Corp Lab

Skadden, Gibson Dunn Advise on Visteon Stake Sale

By Wenxiong Zhang |

Visteon Corporation announced Wednesday that it would sell its 70 percent stake in Halla Visteon Climate Control Corp., a Korean provider of air conditioning and heating systems for vehicles, for $3.6 billion. Skadden, Arps, Slate, Meagher & Flom advised Visteon on the deal, and Gibson, Dunn & Crutcher provided legal counsel to UBS, the financial adviser to Visteon.

Michael J. Garcia

Raising Red Card, Kirkland Partner Quits FIFA Probe

By Nathalie Pierrepont |

Kirkland & Ellis partner and former top federal prosecutor Michael Garcia stepped down from his role as head of the investigatory branch of FIFA's ethics committee after the organization declined to consider his protest.

David Lat Dishes

By Vivia Chen |

David Lat talks about his novel and more!

Morgan Lewis

Bingham Pro Bono Cases Find New Home in Morgan Lewis

By Nell Gluckman |

Morgan, Lewis & Bockius will assume nearly 500 pro bono cases from Bingham McCutchen as part of its absorption of the firm, bringing the combined total of pro bono cases from both firms to as many as 1,500.

The Churn

Paul Weiss Media Pro Heads to Vice Media, Plus More Lateral Moves

By Brian Baxter |

James Schwab, head of the media and entertainment practice at Paul, Weiss, Rifkind, Wharton & Garrison, is poised to become president at Vice Media; a former Bingham McCutchen partner heads to the federal bench; Vorys Sater adds nine litigators in Houston; and other notable hires from throughout The Am Law 200.

Am Law Firms Advise on Repsol's Canadian Energy Deal

By Julie Triedman |

Spain's Repsol SA will acquire Talisman Energy Inc., one of the largest remaining independent oil and gas firms in Calgary, for $12.9 billion. Repsol called upon Sullivan & Cromwell and Canadian firm Bennett Jones for advice, while Talisman turned to Norton Rose Fulbright, Wachtell, Lipton, Rosen & Katz and Blake, Cassels & Graydon.

Lawyer Dies in Sydney Siege

By Nathalie Pierrepont |

Katrina Dawson, an Australian barrister, was one of two killed Monday during the siege of the Lindt Chocolate Cafe in Sydney.

Boies Schiller Confronts Media on Sony Data Breach

By Nathalie Pierrepont |

In response to an onslaught of reports about Sony’s hacked documents, Boies, Schiller & Flexner’s David Boies has sent a letter to news outlets demanding they stop using and destroy what he calls "stolen information." Whether the letter will have any effect remains to be seen.

'Mr. Municipal Bankruptcy' Contemplates Detroit Work, Future

By Nell Gluckman |

Orr, the now former emergency manager of Detroit, reflects on his time restructuring the Motor City and what he will do next. Meanwhile, Detroit officials have renegotiated legal and consulting fees, the largest of which will go to Orr's former firm Jones Day.

PetSmart, Riverbed LBOs a Boon to Half-Dozen Big Firms

By Brian Baxter |

Wachtell, Simpson Thacher, Schulte Roth, Skadden and Paul Hastings grabbed roles on the largest leveraged buyout for a U.S. company in 2014 as PetSmart, the nation's largest pet-store chain, on Sunday acquiesced to the demands of an activist investor and agreed to sell itself for $8.7 billion to a group led by private equity firm BC Partners. One day later, another activist fund headed by a Harvard Law School graduate prevailed in its bid to force an LBO at Riverbed Technology.

What's the Going Rate for a Major Rainmaker?

By Vivia Chen |

Kirkland & Ellis just guaranteed $36 million to its latest partner hire.

Gibson Dunn Grabs Another Star London Lateral

By Chris Johnson |

Gibson Dunn & Crutcher has continued to develop its London transactional practice with the addition of another senior partner, bringing in renowned leveraged finance expert Stephen Gillespie from Kirkland & Ellis.

The Churn

Gibson Dunn, Kirkland Trade Blows; Plus More Lateral Moves

By Brian Baxter |

Gibson, Dunn & Crutcher grabbed a senior debt finance partner from Kirkland & Ellis in London, as the latter snatches Winston & Strawn’s litigation chair in Chicago; Jones Day beefs up in Miami; Sidley Austin snags six from Loeb & Loeb; a half-dozen lawyers leave firms for in-house jobs and more notable hires from throughout The Am Law 200.

After Botched Suicide, Ex-Skadden Lawyer Charged in Ponzi Scheme

By Brian Baxter |

Charles Bennett, a former corporate lawyer in New York who once worked at Skadden, Arps, Slate, Meagher & Flom, has been charged by federal prosecutors and regulators with running a $5 million Ponzi scheme. Bennett unsuccessfully tried to kill himself in early November, leading police to recover a suicide note detailing his alleged fraud, in which he invoked the name of former New York Gov. Eliot Spitzer.

Wintry Windfall: Cahill Rewards Associates With Bigger Bonuses

By Nathalie Pierrepont |

The Am Law 100's year-end associate bonus bonanza continued Friday as Cahill Gordon & Reindel once again blew past its competitors by rewarding its junior lawyers with a whopping wintry windfall ranging from $15,000 to $115,000.

As Detroit's Emergency Manager Departs, a Website Shuts Down

By Nell Gluckman |

Former Jones Day restructuring partner Kevyn Orr resigned as Detroit's emergency manager this week after the Motor City exited from bankruptcy proceedings. As Orr mulls his future, a website in his name that rankled his former firm over the summer—KevynOrr.com—has disappeared.

Dealmaker of the Week: Olivia Tyrrell, Baker & McKenzie

By Wenxiong Zhang |

Olivia Tyrrell, a 38-year-old corporate partner with Baker & McKenzie in Chicago, led a deal team from the firm composed almost entirely of women in advising pharmaceutical giant Merck & Co. on its $9.5 billion buy of Cubist Pharmaceuticals.

The Bingham Case Study: Part II

By Steven J. Harper |

Bingham McCutchen is now a case study in how quickly apparent success can turn to unambiguous failure.

The Bingham Case Study: Part II

By Steven J. Harper |

Bingham McCutchen is now a case study in how quickly apparent success can turn to unambiguous failure.

Report: Legal Market Stabilizes, Poised for Growth in 2015

By Wenxiong Zhang |

A 2015 Client Advisory report by Citi Private Bank and Hildebrandt Consulting finds that the legal market has stabilized and will continue its modest growth in 2015 as firms further improve their services and management.

Sullivan & Cromwell, Cleary Meet Davis Polk on Associate Bonuses

By Nathalie Pierrepont |

Sullivan & Cromwell and Cleary Gottlieb Steen & Hamilton match Davis Polk & Wardwell’s associate bonuses, surpassing the market standard for midlevel associates.

Lawyers Take Their Place on Year-End Lists of Top Hollywood, Sports Luminaries

By Brian Baxter |

Lawyers love their lists, and more than a few with Am Law 200 ties appear on annual compilations of dealmakers and powerbrokers by entertainment industry trade publications like The Hollywood Reporter, Variety and SportsBusiness Journal.

How to Ruin Your Brand

By Vivia Chen |

Harvard Business Review has tips on how to retain your brand when you change your last name. But this misses a bigger point.

Kirkland Poaches Winston & Strawn's Litigation Chair

By Nathalie Pierrepont |

In yet another high-profile lateral hire, Kirkland & Ellis has lured away trial lawyer James Hurst from Winston & Strawn, his professional home for 25 years.

2016 Grads Shouldn't Take Comfort in New Jobs Projection Approach

By Matt Leichter |

Law schools that take advantage of a proposed change to the government's employment projections methodology will mislead applicants about their prospects.

Get It While You Can

By Vivia Chen |

What's up with all these eye-popping bonuses?

The Churn

Skadden Adds Top French Dealmaker, Plus More Lateral Moves

By Brian Baxter |

A leading French M&A lawyer heads to Skadden, Arps, Slate, Meagher & Flom in Paris; King & Spalding brings back a former partner and sees its M&A cohead head to the NFL; Squire Patton Boggs makes it rain Down Under and other notable hires from throughout The Am Law 200.

James Vincequerra (L) and Gerard Catalanello (R) of Duane Morris visiting the planned new home of the New York City Opera.

Two Am Law Firms Seek Another Season for New York City Opera

By Nell Gluckman |

After filling for Chapter 11 bankruptcy in October 2013, the New York City Opera is one step closer to reopening for a 2015 season at Lincoln Center, thanks in part to pro bono lawyers at Lowenstein Sandler representing the opera and Duane Morris advising NYCO Renaissance, the new nonprofit group that has proposed paying $10,000 upfront and another $500,000 over the next 10 years to take over the opera.

Managing Partner Confidence in Legal Industry Slowly Grows

By Wenxiong Zhang |

Law firm managing partners showed slightly more confidence in the legal industry in the third quarter compared with the previous quarter, according to the latest survey by the Citi Private Bank Law Firm Group. However, concern about the sustainability of growing demand for legal services as well as increasing price discounting pressure continues to mount.

Duane Morris Relaunches UK Employment Practice With Partner Hire

By Chris Johnson |

Duane Morris has relaunched its employment practice in London with the hire of partner Elena Cooper from the U.K. base of Canadian firm Fasken Martineau.

Paul Weiss Helps Ex-Partner Unload Stake in High-Speed Trader

By Brian Baxter |

Virtu Financial, a high-speed trading shop led by former Paul Weiss corporate partner Douglas Cifu, tapped the firm to handle its $180 million sale of a minority stake to Singapore’s Temasek Holdings, only months after it scuttled a $250 million initial public offering.

Penn State's Legal Fees Rack Up While Controversy Winds Down

By Nell Gluckman |

As UVA comes under fire for failing to investigate reports of sexual assault on campus, Penn State is trying to wind down a controversy of its own. DLA Piper released its ninth quarterly report on athletic integrity at the university, giving it a positive review of its progress. Meanwhile, firms such as Reed Smith, Saul Ewing, Duane Morris, Jenner & Block, along with DLA, will collect some of the $56 million—perhaps more—that Penn State now owes in legal and other fees.

Thompson Coburn Nabs Ex Krispy Kreme Franchisee Owner

By Nathalie Pierrepont |

Business litigation partner Richard Reinis, who once served as co-owner, chief executive officer and general counsel of the exclusive franchisee and area developer of Krispy Kreme Doughnuts, has moved from Steptoe & Johnson to Thompson Coburn in Los Angeles.

Five Big Firms Are on 100 Best Places to Work List

By Vivia Chen |

Crains just came out with 100 best places to work in New York, and a bunch of big law firms actually made the list. But not one of them is a New York-born firm.

The Global Lawyer: A European Court's Harsh Condemnation of CIA Interrogations

By Michael D. Goldhaber |

While the Obama Administration seeks to delay release of a U.S. Senate report on Bush-era CIA "enhanced interrogation techniques," the European Court of Human Rights has already weighed in, saying that the CIA's methods "amounted to torture."

The Churn

Three Kirkland Partners Depart, Plus More Lateral Moves

By Brian Baxter |

A trio of partners from Kirkland & Ellis and Edwards Wildman Palmer sets up shop in new locales; three more firms hire Bingham McCutchen refugees; Chadbourne & Parke adds a former U.S. ambassador; Skadden brings back a top federal regulator; and other notable hires from throughout The Am Law 200.

Dealmaker of the Week: Sasan Mehrara of Simpson Thacher

By Nathalie Pierrepont |

The real estate corporate partner led the deal team for Simpson Thacher & Bartlett's representation of The Blackstone Group in its sale of warehouse landlord IndCor Properties to GIC, Singapore’s sovereign wealth fund, for $8.1 billion.

Legal Sector Jobs Hold Steady in November

By Nell Gluckman |

The number of jobs in the legal sector remained flat in November compared with the previous month, according to seasonally adjusted preliminary data released Friday by the U.S. Bureau of Labor Statistics.

The Bingham Case Study—Part I

By Steven J. Harper |

A 2011 Harvard case study traced Bingham McCutchen’s evolution "to a preeminent international law firm." How quickly the world can turn.

Skadden Says 'Aloha' to Busy December Deal Week

By Brian Baxter |

As the holiday season rolls around, transactional work for Skadden, Arps, Slate, Meagher & Flom is ramping up. The firm recently grabbed a role on a handful of big deals worth more than $15 billion for clients like Hawaiian Electric Industries, Japan's Ostuka Holdings, the Robb Report and Singapore's sovereign wealth fund.

Akin Associate Prevails in Push for Cosby's Removal From Temple Board

By Brian Baxter |

Kerry Potter McCormick, an investment funds associate with Akin Gump Strauss Hauer & Feld in New York, started a petition to have embattled comedian Bill Cosby removed from Temple University's board of trustees. Cosby, represented by high-profile Hollywood litigator Martin Singer, stepped down from the board this week, a move praised by the board's chair, Cozen O'Connor vice chair Patrick O'Connor.

U.K. Bank Investigations Keep Magic Circle, Am Law 100 Firms Busy

By Chris Johnson |

Clifford Chance, Allen & Overy and Gibson, Dunn & Crutcher are among the top English and American firms called on to represent banks as regulators clamp down on poor service and market abuse.

Two Firms, Ex-Cleary Gottlieb Associate Await Lending Club IPO

By Brian Baxter |

Former Cleary Gottlieb senior associate Renaud Laplanche, founder and CEO of The Lending Club, stands to see his stake in the peer-to-peer lender be worth some $160 million after an initial public offering next week. Fenwick & West and O’Melveny & Myers are also poised to profit from The Lending Club’s future float.

Once Again, Boies Schiller Showers Associates With Extra Cash

By Nathalie Pierrepont |

Boies, Schiller & Flexner continued its annual tradition of hefty associate bonuses, beating the scale set over a week ago by Simpson Thacher & Bartlett and matched by a flock of other Am Law 100 firms.

From Offshore to Onshore, Law Firm Merger Boom Continues

By Nell Gluckman |

Locke Lord Edwards and Morgan, Lewis & Bockius aren’t the only two firms making merger-type moves. Maine’s Verrill Dana, which became one of the largest 350 firms in the U.S. this summer, is poised to hit the 140-lawyer mark after absorbing Connecticut’s Levett Rockwood. The Am Law Daily examines that deal and others in a globetrotting look at some recent legal tie-ups of note.

The Churn

Three Am Law Firms Make Houston Hires, Plus More Lateral Moves

By Brian Baxter |

Ogletree Deakins, Quinn Emanuel and Winston & Strawn join the Houston hiring frenzy; Bingham McCutchen’s exodus continues; three Howrey alums find a new home at Novak Druce; Jenner & Block brings on a former Deepwater Horizon task force head; Skadden adds one in London and more notable hires from throughout The Am Law 200.

Paul Weiss, Gunderson Grab Roles on Vox Media Investment

By Nathalie Pierrepont |

Following a $46.5 million investment by longtime Paul Weiss private equity client General Atlantic, growing digital media company Vox Media is now valued at nearly $400 million, more than some of the old media companies it one day hopes to replace.

HRC's LGBT Rankings Tout Top Firms, But Still No Boies Schiller

By Tara Kadioglu |

The Human Rights Campaign has released its 2015 Corporate Equality Index, which gives 87 Am Law 200 firms perfect scores for their policies regarding lesbian, gay, bisexual and transgender employees, an increase from the 81 such firms that earned top marks last year.

Despite Bingham’s Demise, Tina Brozman Foundation Lives On

By Nathalie Pierrepont |

Bingham McCutchen has supported The Honorable Tina Brozman Foundation, a nonprofit named in honor of a former bankruptcy partner at the firm who died of ovarian cancer at 54, since its inception in 2008. And while Bingham McCutchen itself appears to have avoided bankruptcy, the foundation expects to remain unaffected by the deal struck last week between the firm and Morgan, Lewis & Bockius.

Alan Levin and Jerry Clements

Locke Lord, Edwards Wildman Partners Approve Merger

By Brian Baxter |

Partners at both Am Law 100 firms voted to form a 1,000-lawyer firm called Locke Lord Edwards as of Jan. 10, 2015.

The Careerist: Guy Talk

By Vivia Chen |

A new study finds that chatting about sports can help save your job.

The Churn

DLA Piper Nabs Ex-FDIC Chair, Plus More Lateral Moves

By Brian Baxter |

The world’s second-largest firm by attorney head count adds two more former federal regulators to its ranks; American Apparel hires a Loeb & Loeb partner; Greenberg Traurig bags Edwards Wildman Palmer’s Los Angeles partner-in-charge; Steptoe & Johnson snags an IP trio and more notable hires from throughout The Am Law 200.

Another Ex-Dewey Partner Files for Bankruptcy

By Brian Baxter |

John Altorelli, cochair of the U.S. finance practice at DLA Piper in New York, has become at least the third former Dewey & LeBoeuf partner to file for personal bankruptcy protection. The Chapter 7 filing by Altorelli in Connecticut comes after a recent ruling in Dewey’s own bankruptcy case precluding ex-partners from invoking a key defense against clawback claims by the defunct firm’s liquidating trustee.

Charlie Geffen

Continental Breakfast with Charlie Geffen, Gibson, Dunn & Crutcher

By Chris Johnson |

American Lawyer chief European correspondent Chris Johnson meets regularly with senior legal sector figures at their favorite breakfast joints to chew over the industry's tastiest talking points. This week, Gibson, Dunn & Crutcher's new London corporate head Charlie Geffen discusses the continued exodus of private equity partners from U.K. to U.S. firms in London.

The Churn

Bingham McCutchen Diaspora Brings Bevy of Lateral Moves

By Brian Baxter and Nathalie Pierrepont |

Day Pitney, Proskauer Rose, Seyfarth Shaw, Venable and insurance giant Travelers are the latest to benefit from an exodus of Bingham McCutchen partners not headed to Morgan, Lewis & Bockius. The Am Law Daily is taking a holiday break from its regular compilation of notable hires from across the Am Law 200 spectrum to focus on Bingham McCutchen, a once storied firm that will seek the bulk of its assets folded into a now 2,000-lawyer Morgan Lewis.

The American Lawyer Archives: The Two Faces of Scientology

By Brian Baxter |

With Time Warner-owned cable network HBO having 160 lawyers vet a new documentary by award-winning filmmaker Alex Gibney on the Church of Scientology, we decided to republish a 1992 feature story by The American Lawyer about the nonprofit’s various legal travails.

Big British Firm Seeks U.S. Merger Partner in 2015

By MP McQueen |

Bryan Hughes, CEO of London-based Eversheds, tells The Am Law Daily that a “cultural fit” is key when it comes to whittling down a 10-firm list of potential merger partners for his 1,200-lawyer outfit next year.

Skadden’s Senior Associate Bonuses Top the Market—For Now

By Nathalie Pierrepont |

The year-end associate bonus frenzy that began Friday with Simpson Thacher & Bartlett saw Am Law 100 rivals Davis Polk & Wardwell and Skadden, Arps, Slate, Meagher & Flom top the market scale for some associates.

Are Associates Getting Dimmer?

By Vivia Chen |

Law school news: bar passage rates hit new low; B-school instead of law school; predicting your class standing.

Latham Launches Second L.A. Outpost With O'Melveny Hires

By Brian Baxter |

Two weeks after news broke of its high-profile raid on O’Melveny & Myers for six prominent entertainment industry partners, Latham & Watkins has opened a second Los Angeles office in Century City. Joseph Calabrese, a former practice chair at O’Melveny and head of the firm’s Southern California transactional group, chats with The Am Law Daily about his decision to join Latham.

Squire Patton Boggs Snags Key Ruling for Angola Three Inmate

By Julie Triedman |

A Nov. 20 ruling by the U.S. Court of Appeals for the Fifth Circuit overturned the conviction of Albert Woodfox, who has been in solitary confinement for more than 42 years as the last member of the Angola Three. Woodfox's longtime lawyer from Squire Patton Boggs says his release depends on what Louisana’s attorney general does next: retry a 1972 murder case or admit defeat and release him.

Morgan Lewis Finalizes Bingham McCutchen Deal

By Brian Baxter |

Roughly 750 lawyers and staffers from Bingham McCutchen will join Morgan, Lewis & Bockius under the terms of an agreement finalized Sunday night between the Am Law 100 firms.

The Churn

Greenberg Traurig Adds Qatar's World Cup Lawyer, Plus More Lateral Moves

By Brian Baxter |

Romi Nayef, an ex-Dentons partner and a lead lawyer for Qatar in its controversial World Cup bid, joins Greenberg Traurig as of counsel in his hometown of Houston; Carlton Fields Jorden Burt hires more Bingham McCutchen refugees; a Hogan Lovells partner returns to Yale; Mintz Levin hires again from Edwards Wildman Palmer; Wiley Rein prepares to absorb a 50-person lobbying group and more notable hires from throughout The Am Law 200.

Paul Tosetti and Cary Hyden

Dealmakers of the Week: Cary Hyden and Paul Tosetti of Latham & Watkins

By MP McQueen |

The two corporate partners led the deal for Latham & Watkins' representation of Allergan in a hotly contested takeover battle against Valeant Pharmaceuticals that ended with the company being bought by Actavis plc.

Simpson Thacher Sets High Bar With Associate Bonuses

By Nathalie Pierrepont |

Cravath, Swaine & Moore has long kicked off associate bonus season, but this year saw Simpson Thacher & Bartlett beat its Wall Street rival to the punch with a Friday announcement that was soon followed by Paul Weiss and Milbank.

Key Ruling Brings Thelen Bankruptcy Closer to Conclusion

By Julie Triedman |

A bankruptcy judge in Manhattan brought Thelen LLP a giant step closer to a final resolution of its Chapter 7 liquidation, ruling Thursday that partners who haven't yet settled with the bankrupt firm's estate have to pay back monthly draws they received during the now-defunct firm's final year.

Law and Football: Rankings Doublethink

By Steven J. Harper |

Some creators of ranking systems try to avoid responsibility for the behavior their rankings produce.

Morgan Lewis Offers 300 Bingham Professionals Full-Time Jobs

By Gina Passarella |

Morgan, Lewis & Bockius has extended offers of full-time employment to more than 300 legal professionals at Bingham McCutchen, a source close to Morgan Lewis said.

Small Virginia Firm and Solo Shop Beckon Reed Smith Litigators

By Brian Baxter |

Two Reed Smith partners have left the firm for wildly different opportunities. Richard "Rip" Sullivan Jr. became a partner at Arlington, Va.-based Bean Kinney & Korman, which recently saw its managing partner hospitalized after a brutal stabbing. Meanwhile, Pittsburgh-based litigator Bruce Stanley, a longtime nemesis of recently indicted former Massey Energy CEO Don Blankenship, launched his own solo shop to focus on representing the families of victims killed or injured in mining accidents.

Am Law Trio Reaps Rewards From Record REIT IPO

By Brian Baxter |

Goodwin Procter, Hogan Lovells and Willkie Farr & Gallagher grabbed roles this week on a $2.29 billion initial public offering for Paramount Group, the largest-ever public listing for a real estate investment trust.

Morgan Lewis

Bingham's Kentucky Staffers Face Layoffs, Uncertain Future

By Nathalie Pierrepont |

Bingham McCutchen employees in its Lexington, Ky., back offices have received a mix of termination letters and offer letters from Morgan Lewis, which last week agreed to absorb 226 of the firm's partners, along with other staff. Come Friday, as many as 30 marketing and document review employees in Kentucky could be let go, according to two sources, and the remainder must decide whether to accept Morgan Lewis' offers or potentially forgo severance.

Report: Chinese Oil Giant Severs Baker & McKenzie Ties

By MP McQueen |

The Wall Street Journal reports that Chinese oil and gas company CNOOC cut its ties to Baker & McKenzie because of alleged conflicts of interest between an in-house lawyer and her husband, the firm’s chief representative in Beijing.

Andrew Levander (L), David Bernick (R)

Dechert’s Lateral Hires Take Lead for Troubled Airbag Maker Takata

By Brian Baxter |

The embattled Japanese auto parts company has retained a high-powered defense team from Dechert to handle a criminal probe, congressional inquiry and class action litigation related to a growing scandal into defective airbags.

Korea's Competitive Legal Market Puts Pressure on Price

By Nathalie Pierrepont |

Since free trade agreements opened the country's legal market to foreign firms in 2012, some 20 U.S. and U.K. firms have planted flags in Seoul, putting pressure on legal fees and ramping up competition between foreign and local firms.

Flexibility Trumps Mentoring

By Vivia Chen |

Forget mentoring, sponsorship and empowerment.

The Churn

Sidley Austin Snags Houston Duo, Plus More Lateral Moves

By Brian Baxter |

Two Andrews Kurth partners peel off for Sidley Austin in Houston's hot lateral market; a handful of firms make big hires in London; Blank Rome adds a pair from Bingham McCutchen; and other notable moves from throughout The Am Law 200.

Bingham McCutchen May Be Playing the Bluegrass Blues

By Nathalie Pierrepont |

Morgan, Lewis & Bockius has agreed to take on 226 partners from Bingham McCutchen, but uncertainty looms for the latter’s back office in Kentucky, opened two years ago.

Jones Day Is Not Amused

By Vivia Chen |

Jones Day accuses the Careerist of lacking professionalism, integrity and more.

DLA Piper's Turkey Office Demerges From Firm

By Chris Johnson |

DLA Piper's Turkish office has demerged from the firm to reestablish itself as an independent practice.

Wachtell Rides Allergan, Halliburton to $100 Billion Deal Day

By MP McQueen |

The Am Law 100's most profitable firm on a per partner basis took the lead on two big deals announced Monday: Halliburton's $34.6 billion acquisition of oil services rival Baker Hughes and Botox maker Allergan on its proposed $66 billion sale to Actavis. A half-dozen other Am Law 100 firms also had key roles on both transactions.

As Bingham Partners Prepare for Exodus, Some Find Themselves 'Frozen'

By Brian Baxter and Patience Haggin |

Morgan, Lewis & Bockius is gearing up to absorb 226 partners from Bingham McCutchen by month's end. But some partners from the latter not making the move are finding themselves stuck until Dec. 1. Meanwhile, The Am Law Daily has also identified the top Bingham McCutchen rainmakers headed to Morgan Lewis.

Jackson Lewis to Eliminate Billable Hours for Associates

By Nathalie Pierrepont |

The labor and employment firm is taking another step toward increasing associate efficiency by getting rid of the billable hour as an evaluative tool for measuring performance and awarding bonuses.

The Churn

Bingham, Edwards Wildman Partners Defect, Plus More Lateral Moves

By Brian Baxter |

Edwards Wildman Palmer and Bingham McCutchen lawyers head for the exits; Kirkland & Ellis hires again from Covington & Burling; a quick turnaround for two Quinn Emanuel litigators; government roles beckon some big firm partners and other notable hires from throughout The Am Law 200.

Freshfields Helps Hachette Strike Deal With Amazon

By Nathalie Pierrepont |

After months of sparring, Hachette Book Group and Amazon.com agreed Thursday to let the New York-based publisher set its own prices for e-books. Freshfields Bruckhaus Deringer represented Hachette, while Amazon handled the matter in-house.

Dealmaker of the Week: Mary Ann Todd of Munger Tolles

By MP McQueen |

Todd, a corporate partner at Munger, Tolles & Olson, led the firm's deal team on Berkshire Hathaway's $4.7 billion all-stock buy of Procter & Gamble's Duracell battery unit.

Morgan Lewis Votes to Admit 227 Bingham Partners

By Brian Baxter and Gina Passarella |

Morgan, Lewis & Bockius partners voted early Friday afternoon to admit 227 Bingham McCutchen partners into their fold, according to the firm. But not everyone at Bingham McCutchen will be making the move.

Charleston School of Law Sol Blatt Jr. Law Library

InfiLaw and the ABA

By Steven J. Harper |

The ABA has finally weighed in on InfiLaw's proposed acquisition of the Charleston School of Law—sort of.

Report: Revenues, Hours and Profits Rise at Largest Firms

By MP McQueen |

In what appears to be a strengthening recovery, legal industry revenues and demand increased in the first nine months of the year over the same period last year, according to an analysis of law firm financial results by Wells Fargo Private Bank's Legal Specialty Group.

Female Empowerment, Southern Style

By Vivia Chen |

Forget making law review or working your butt off. There are other ways to launch your career.

Kirkland & Ellis Partner Claims FIFA Report Misrepresents Findings

By Nathalie Pierrepont |

FIFA, the Zurich-based governing body for global soccer, released a summary of its investigation into the World Cup bidding process on Thursday, clearing Russia and Qatar of wrongdoing. But the head of the investigatory branch of the organization's ethics committee disagrees.

States' Projected Lawyer Surpluses Deteriorate for 2022

By Matt Leichter |

Analysis of states' employment projections shows higher ratios of lawyers and law graduates to jobs, but improvement is likely with fewer law students.

Bingham Malpractice Accord Smoothed Way for Morgan Lewis Talks

By Brian Baxter |

Bingham McCutchen's ongoing odyssey to find a merger partner could be coming to an end following a recent vote by the firm in favor of a combination with Morgan, Lewis & Bockius. The Am Law Daily has learned that Bingham cleared a key hurdle with the firm this summer by quietly settling an ongoing malpractice dispute with Frank McCourt, the former owner of Major League Baseball's Los Angeles Dodgers. The league is a longtime Morgan Lewis client.

Wachtell Bags Third Big Banking Deal in Two Weeks

By MP McQueen |

The Wall Street stalwart took the lead Wednesday advising BB&T Corp. on its $2.5 billion cash-and-stock purchase of Susquehanna Bancshares, having recently handled two other banking mergers for clients AmericanWest Bank and Sterling Bancorp.

From Girls Gone Wild to Estate Dispute, Proskauer Finds Itself in Spotlight

By Nathalie Pierrepont |

The firm agreed to settle claims filed by the trustee managing the bankruptcy estate of the Girls Gone Wild enterprise, and stepped up to represent the second wife of a deceased Proskauer litigation partner in an inheritance dispute.

The Churn

Latham Raids O'Melveny for Six Partners, Plus More Lateral Moves

By Brian Baxter |

Latham & Watkins makes a major bid to become a Hollywood heavyweight by luring six high-profile media and entertainment partners from O'Melveny & Myers; Proskauer Rose loses three while Duane Morris adds two; Sidley Austin and Wilson Elser partners go in-house and more notable hires from throughout The Am Law 200.

After 126 Years, Baker Donelson Shutters Huntsville Office

By MP McQueen |

The firm closed the one-man outpost in Tennessee on Oct. 30 following the death this summer of former U.S. Senator Howard Baker, Jr., whose grandfather founded the office in 1888.

Top Law Schools Now Welcoming Transfer Students

By Vivia Chen |

Didn't get into the law school of your choice? No problem.

An American Apparel store located in Los Angeles, CA.

Pricey Jones Day Probe Takes Toll on American Apparel Earnings

By Nathalie Pierrepont |

The retail chain on Monday reported its largest revenue drop in four years, in part due to $5.3 million in fees spent during the third quarter following the suspension and internal investigation of ousted CEO Dov Charney. Jones Day, legal counsel to American Apparel's board on the internal probe, and FTI Consulting, head of the internal probe, collected the lion’s share of those fees.

Am Law Firms See Slowing Demand for Hours but Higher Fees

By Aric Press |

The trend lines for corporate demand for legal services were once again mixed in the first half of 2014: Hours purchased were down by 4.4 percent compared with 2012, while fees paid increased by 2.9 percent, according to the latest LegalView Legal Market Index produced by TyMetrix.

Skadden, Weil Alum Nab Roles in Dendreon Bankruptcy

By Brian Baxter |

In a down year for big corporate bankruptcies, Skadden, Arps, Slate, Meagher & Flom bagged a big assignment Monday for Seattle-based biotechnology company Dendreon as the prostate cancer drug maker filed for bankruptcy in Delaware. Also tapped by the debtor as claims agent in its Chapter 11 case is Prime Clerk, a company started last year by former Weil, Gotshal & Manges restructuring partner Shai Waisman.