Medical device maker Zimmer Holdings has agreed to pay $13.35 billion to acquire rival Biomet Inc.
Medical device maker Zimmer Holdings has agreed to pay $13.35 billion to acquire rival Biomet Inc.
The private equity firm pumps $750 million into the increasingly popular yogurt maker.
K&E enters Space City by landing a young dealmaker with private equity ties.
Amid talk about a pharma M&A boom, the global mining industry is on the verge of its own round of consolidation.
Clifford Chance, Freshfields handle Permira's $1 billion buy of CABB International.
Among those switching firms in our latest roundup: a new cochair for Gibson Dunn’s life sciences practice.
Valeant launched a $45.7 billion hostile takeover bid for Botox-maker Allergan, while Novartis announced a series of transactions with GlaxoSmithKline and Eli Lilly.
What the latest Yale Law Women's report on law firms really tells us.
The Am Law Daily looks at Am Law 100 firms reaping fees for new listings, which have soared in recent years.
The ultimate high-intensity firm is also sensitive to personal needs?
If and when the criminal case against three former Dewey & LeBoeuf leaders and a low-level firm employee, former partner John Altorelli is among those likely to be called as a prosecution witness.
Chemtura Corporation has agreed to sell its agrochemicals unit to Platform Specialty Products Corporation.
Russian oligarch-backed VimpelCom is selling a 51 percent stake in Algeria's largest telecom operator.
Three more partners have left struggling Patton Boggs for new endeavors.
When debating the future of the legal profession, facts matter. At least, they should matter.
The Milwaukee-based Am Law 200 firms and Paul Weiss advise on the record-setting sale of the NBA’s Milwaukee Bucks.
Lessons learned from the nasty divorce of a Cadwalader partner.
Fried Frank is representing Michael Foods on its sale to cereal-maker Post Holdings.
Time for another round of quirky, strange news.
After a big first quarter for U.S. M&A, increased transactional work out of Europe could be a boon for some top firms on the continent.
The Am Law 100 firms are advising on CPPIB's sale of an air distribution company to Johnson Controls.
Senior writer Susan Beck interviews James Kidney about what he sees as the SEC’s misplaced priorities.
Six Am Law 200 firms have now confirmed layoffs of staffers this year.
Two prominent hedge fund partners and a privacy practice cochair have left Bingham McCutchen.
The firms grab roles on private equity shop Ardian's $1.8 billion sale of the Diana Group to Germany's Symrise.
Kirkland, Wachtell and Winston & Strawn land roles on Zebra Technologies' purchase of a Motorola Solutions unit.
Dentons, White & Case, Linklaters and Clifford Chance are advising on the sale of Peru's Las Bambas mining project.
The firm is advising Endurance Specialty Holdings on its $3.2 billion hostile bid for Aspen Insurance Holdings.
A suit over MLK memorabilia ends, Katherine Heigl taps Ballard Spahr and CBS stays in-house to lock in late night.
Both law firms and I-banks want to show you how much they care. Watch out!
The firm is advising Blackstone on its Ipreo Holdings buy and Madison Dearborn on its sale of Nuveen Investments.
Litigation partner Terrence Truax will succeed Susan Levy as Jenner & Block's managing partner.
With Passover approaching, Akin Gump Strauss Hauer & Feld and Milbank, Tweed, Hadley & McCloy grabbed seats at the table as The Manischewitz Company—one of the few remaining matzo makers in the U.S.—saw its ownership transfer from one privately held entity to another.
A Delaware-based litigation partner leaves Weil for DLA Piper; Mintz Levin lands three IP attorneys in Boston; and, a Utah U.S. attorney returns to Sidley Austin. The Churn is constant. Please send all announcements and releases to email@example.com.
Profusek and fellow M&A partner Peter Izanec led the Jones Day team advising Procter & Gamble on the $2.9 billion sale of its pet food business to Mars Incorporated.
As the Manhattan district attorney continues to pursue the collapse of Dewey & LeBoeuf as a criminal matter, it seem that the quest for convictions is in some ways more important than the search for justice.
Milbank is acting as lead counsel to Goldman Sachs and Koch Industries on their joint purchase of printing ink company Flint Group from CVC Capital Partners for a reported $3 billion. Simpson Thacher is also advising the buyers, while German firm Hengeler Mueller is representing CVC.
Blake, Cassels & Graydon leapfrogged over Norton Rose Fulbright to land atop market research firm Acritas' latest Canadian Law Firm Brand Index, which is based on a survey of 268 in-house lawyers who regularly rely on Canadian firms as outside counsel.
Three years after first filing to go public in a bid to repay a $17.2 billion federal government bailout, Ally Financial, the former finance arm of auto giant General Motors, raised nearly $2.4 billion in an IPO Thursday that sees principal investor the U.S. Treasury Department slash its stake in the company. Davis Polk & Wardwell, Cahill Gordon & Reindel and Sullivan & Cromwell are advising on the offering, the latest to hit surging U.S. capital markets in recent weeks.
Why did I ignore Equal Pay Day? Well, it's a bit depressing.
Global 100 legal giant Dentons is the latest international firm to bet on Africa's growing economic power, announcing Wednesday its opening of new offices in Cape Town and Johannesburg by joining forces with South African alliance firm KapdiTwala and revealing plans to launch another outpost in Francophone Africa later this year.
M&M's manufacturer Mars is paying $2.9 billion in cash to acquire Procter & Gamble's pet food business, which includes the brands Iams, Eukanuba and Natura. Skadden is advising Mars while Jones Day takes the lead for longtime client P&G.
Big Law partners have a sensitive, spiritual side. Honestly.
Sheppard Mullin adds 10 McKenna Long partners in Southern California; three patent litigators land at O'Melveny; and Weil hires a Goldman Sachs restructuring specialist. The Churn is constant. Please send all announcements and news releases to firstname.lastname@example.org.
The Am Law Daily's periodic tabulation of notable fees earned—or owed—to Am Law 200 firms on a variety of engagements starts off with Gibson, Dunn & Crutcher, which is reaping the benefits from its work in New Jersey's Bridgegate scandal. The firm is also representing the Garden State in a sports gambling case and counseling the American Foundation for Equal Rights in a high-profile gay marriage fight in California. And that's not even including what the firm is seeking for advising energy giant Chevron.
Susan Levy, who has spent her entire legal career at Jenner & Block and became its managing partner in 2008, will leave the Am Law 100 firm as of May 1 to become general counsel of Northern Trust Corp. The Chicago-based financial services giant is a Jenner client.
Weil, Wachtell, Shearman, Simpson, Latham and Davis Polk all got the year's second quarter off to a strong start by grabbing roles on one of two big pharmaceutical deals announced Monday: Irish specialty drugmaker Mallinckrodt's $5.6 billion cash-and-stock purchase of California's Questcor Pharmaceuticals and India's Sun Pharmaceutical Industries' $3.2 billion buy of struggling rival Ranbaxy Laboratories.
Women partners are just as happy as the men when they switch firms. But watch out for the differences.
A host of lawyers land roles on three major European transactions, led by the $23 billion sale of Vivendi's French mobile phone unit to Luxembourg-based cable operator Altice. Meanwhile, the world's two largest cement-makers, Paris-based Lafarge and Switzerland's Holcim, will merge to create a company with more than $44 billion in combined annual sales, and Sweden's Alfa Laval will pay $2.2 billion in cash to acquire Norwegian pump-maker Frank Mohn.
In the Abacus case, the Securities and Exchange Commission secured a $550 million settlement from Goldman and a civil fraud verdict against former Goldman VP Fabrice Tourre. But one senior SEC lawyer thought the agency wasn't aggressive enough, newly released transcripts show.
The Am Law 200 firms are advising on a $1.6 billion deal that finds utility holding company The Laclede Group acquiring Alabama Gas Corp., the state's largest natural gas utility, from Energen Corp.
The Blackstone Group has agreed to buy industrial manufacturer Gates Global from current owners Onex and the Canada Pension Plan Investment Board (CPPIB). Simpson Thacher & Bartlett is advising Blackstone on the deal, while Gates, Onex and CPPIB are being represented by Latham.
Cooley poaches a six-lawyer intellectual property group from Mintz Levin, a former federal prosecutor who left the Justice Department amid controversy moves to Baker Botts, and O’Melveny brings back a former associate who has been a key legal adviser to President Obama since his run for the U.S Senate in 2004. The Churn is constant. Please send all announcements to email@example.com.
The industry has now added 2,300 positions since the start of the year, despite enduring a stagnant month on the employment front in February, according to preliminary data released Friday by the U.S. Bureau of Labor Statistics.
Former Dewey & LeBoeuf finance director Frank Canellas copped a guilty plea that could lead to some surprising places.
With the storm kicked up by Michael Lewis' new book about high-frequency trading continuing to swirl, Virtu Financial—a high-speed trading outfit headed by former Paul, Weiss, Rifkind, Wharton & Garrison corporate partner Douglas Cifu—has pushed back its planned initial public offering. Paul Weiss is just one of several Am Law 100 firms with ties to the controversial industry.
Shearman & Sterling is leading an internal investigation for longtime client Citigroup Inc. in connection with an alleged $400 million fraud at the bank's Mexican subsidiary, Banamex, The American Lawyer confirmed Thursday.
K&L Gates is serving as lead debtors' counsel to the specialty gadget retailer, which filed for Chapter 11 protection in Delaware on Thursday as part of a plan to sell itself to Spencer Spirit Holdings. The proposed $146.3 million deal has pulled in Am Law 200 firms Stroock, Greenberg Traurig, and Choate, Hall & Stewart, as well as two regional shops.
The firm is advising Liberty Media on the reduction of its stake in book retailer Barnes & Noble from 17 percent to 2 percent.
The two firms outpaced their Am Law rivals in terms of the total value of their corporate clients' global transactions in the year's first three months, according to rankings released this week by Bloomberg, Mergermarket and Thomson Reuters. Both firms bolstered their totals by grabbing roles on two of the quarter's biggest deals.
A reader takes the Careerist to task for being too elitist about legal education.
Linklaters is advising private equity group Triton Partners on its $1 billion purchase of the thermal power division of French manufacturer Alstom, which has hired Freshfields to advise on the sale.
Legal consultancy Altman Weil has released its first-quarter law firm merger report, which notes that after a record-setting year in 2013, the pace of combinations among firms has continued in 2014, with smaller acquisitions dominating the market. Am Law 200 firms like Holland & Hart and Wilson Elser have absorbed smaller shops in Salt Lake City and San Francisco, respectively, within the past week. Meanwhile, Am Law 100 law and lobbying giant Patton Boggs is drawing interest from Dentons and Squire Sanders.
For more than two years, law firm consultant Brad Hildebrandt says, an array of critics have shared a ride on the anti-Big Law bandwagon, with lateral partner hiring the latest target of their scorn. Here, Hildebrandt defends that practice specifically while also arguing that the problems plaguing large law firms have been greatly overstated.
Are female lawyers dressed too sexily these days?
Weil, Gotshal & Manges loses a securities litigation partner to Jenner & Block; Patton Boggs goes through another spate of departures; and Wilmer Cutler Pickering Hale and Dorr hires a former FBI director and his ex-chief of staff. The Churn is constant. Please send all announcements to firstname.lastname@example.org.
The firm is advising SunGard Data Systems on the spinoff of its availability services unit into an independent company with roughly $1.4 billion in annual revenue. Meanwhile, Davis Polk is also advising on a spinoff, with Credit Suisse Asset Management transferring ownership of its DLJ Merchant Banking Partners private equity unit to the fund's managers.
About a week after former Dewey & LeBoeuf chief operating officer Dennis D'Alessandro's lawyer spoke with The Am Law Daily about his client's innocence in the alleged fraud scheme that helped destroy the firm, the trustee overseeing Dewey's bankruptcy case sued D'Alessandro in a bid to recover nearly $9.3 million for creditors.
The first quarter of 2014 has seen a slight increase in law firm managing partners' confidence in the state of both the legal industry and the broader economy, according to a recent survey conducted by Citi Private Bank's Law Firm Group.
Former Kaye Scholer litigation partner Pierce O'Donnell, a legendary Los Angeles trial lawyer who held on to his California law license despite serving almost 60 days in prison two years ago after pleading guilty to campaign finance violations, has agreed to join Greenberg Glusker Fields Claman & Machtinger as of counsel.
More than 80 percent of law firm partners who have changed firms at least once in their careers say that, if given another chance, they would make the same move again, according to a new survey from legal recruiter Major, Lindsey & Africa and ALM Legal Intelligence, the research arm of ALM Media.
Gibson Dunn partner responds to charges that his Bridgegate investigation was sexist.
The White House's former associate director of intergovernmental affairs and public engagement is now part of Kilpatrick Townsend's Native American affairs team; Faegre adds two labor and employment attorneys in Chicago; and the former U.S. Steel general counsel joins Fox Rothschild. The Churn is constant. Please send all announcements to email@example.com
As the criminal case against three ex-Dewey & LeBoeuf leaders proceeds, the trustee overseeing the bankrupt firm's estate this week added two more names to the list of former partners being sued over money they received from Dewey after it became insolvent.
A day after ex-Dewey & LeBoeuf finance director Francis Canellas' guilty plea to second-degree grand larceny became public, the pleas of six other former firm employees who have admitted committing crimes related to Dewey's accounting practices were unsealed Friday.
Is there a crisis in legal education? Who are you going to believe—another law professor who says it's all media hype, or your lying eyes?
Wilson Sonsini, Latham & Watkins, Fenwick & West and Cooley are among the Am Law 100 firms reaping the benefits of a surge in activity on the initial public offering front so far this year. And with the IPO pipeline packed, more large firms are poised to help corporate clients tap the capital markets.
What associates should do (but don't). DLA Piper's co-managing partner Sang Kim chats with the Careerist.
Litigation-focused Kasowitz Benson Torres & Friedman saw its gross revenue fall 8 percent, to $229.5 million, and its profits per equity partner plunge 15 percent, to $1.45 million, according to The American Lawyer's reporting.
As Squire Sanders continues its tie-up talks with another member of The Am Law 100, The American Lawyer's reporting shows that it posted a largely flat set of financial results for 2013.
Bingham & McCutchen loses a real estate finance partner to Holland & Knight and litigator to Stubbs Alderton Markiles; Greenberg Traurig adds a former FINRA enforcement counsel; and Holland & Hart absorbs a Salt Lake City tax boutique. The Churn is constant. Please send all announcements to firstname.lastname@example.org.
A month after losing his job as a Schulte Roth & Zabel associate amid a former girlfriend's accusations of battery and infliction of emotional distress, Samir Tabar calls the suit against him "baseless" in counterclaims filed Monday. Tabar also claims his ex-girlfriend harassed both him and his current fiancée, a DJ who filed a separate suit Monday against Tabar's accuser.
Manhattan District Attorney Cyrus Vance Jr. has moved to make public the identities of seven former Dewey & LeBoeuf employees who have pleaded guilty to criminal charges in connection with an alleged accounting fraud that three former Dewey leaders and a fourth, lower-ranking staffer are accused of engineering.
Kirkland & Ellis is advising a group of private equity firms—led by Advent International and Bain Capital along with Danish pension fund ATP—on the acquisition of Danish secure payments provider Nets in a cash deal worth $3.1 billion.
While disputing a court-appointed trustee's claim that it had not "adequately" protected former client Alphonse "Buddy" Fletcher Jr.'s hedge funds and those who invested in them, Skadden, Arps, Slate, Meagher & Flom has agreed to pay $4.25 million to avoid any potential legal claims stemming from the bankruptcy of one of those funds.
Corporate clients purchased fewer hours from law firms in 2013 than they did the year before even as they paid more for what they bought, according to the latest data from electronic billing clearinghouse TyMetrix.
Crowell & Moring gains one partner and loses two others, McDermott Will & Emery makes two IP partner hires and a pair of Wilson Elser lawyers jump to New Jersey’s Wolff & Samson. The Churn is constant. Please send all announcements to email@example.com.
The firm is taking the lead for buyout firm TPG on its $1.5 billion purchase of The Warranty Group from Onex Corporation and representing insurance company Wilton Re Holding Ltd. in connection with its $1.8 billion sale to the Canada Pension Plan Investment Board (CPPIB). Kaye Scholer is advising Warranty and Onex in the first deal, while Debevoise & Plimpton is representing CPPIB in the latter transaction. Sutherland Asbill also landed a role advising Wilton Re.
Media General has turned to Fried, Frank, Harris, Shriver & Jacobson for counsel on its proposed acquisition of LIN Media LLC, which has retained Covington & Burling and Weil, Gotshal & Manges to advise on the $1.6 billion cash-and-stock deal. Paul Hastings, meanwhile, is working on arranging the financing for the transaction, which will create the nation's second-largest local television broadcasting company.
When four former Dewey & LeBoeuf insiders were charged with engineering a massive fraud that helped kill the storied firm, Dennis D'Alessandro was neither one of the defendants nor among the seven unnamed people who have already pled guilty in the matter. According to his lawyer, though, he may yet offer his take on Dewey's demise in court.
A year after making only slight financial gains, a group of New York–based firms made up of some of The Am Law 100's most profitable members put even more distance between itself and the rest of the pack in 2013, according to The American Lawyer's reporting.
Kirkland & Ellis passed the $2 billion revenue mark for the first time in 2014, while the firm's profits per partner rose just 1 percent, to $3.278 million, according to The American Lawyer's reporting.
Craig Lewis, the chief economist of the SEC's Dvision of Economic and Risk Analysis who rarely speaks publicly, this week gave what may be the last speech he delivers before returning to his previous post as a professor at Vanderbilt University.
J.P. Morgan Chase is selling its physical commodities trading unit to Mercuria Energy Group for $3.5 billion. Cadwalader is advising Mercuria on the deal, while J.P. Morgan is being represented by Simpson Thacher.
Jacqueline Grant, a former records clerk and litigation paralegal in Greenberg Traurig's New York office who is black and hails from Jamaica, claims in a suit filed Monday that the firm fired her last year after she complained of being discriminated against because of her race and nationality.
In the latest insider trading probe to touch an Am Law 100 firm, the Securities and Exchange Commission and federal prosecutors in New Jersey have charged Steven Metro, a managing clerk at Simpson Thacher & Bartlett, along with a Morgan Stanley stockbroker, with taking part in a $5.6 million insider trading scheme that involves some of Simpson Thacher's star private equity clients.
What makes attorneys happy? The answers might surprise you.
Weil Gotshal's latest lateral defector is the managing partner of the firm's Boston office; Pillsbury lands two transportation finance partners from DLA Piper in London; and a former senior federal prosecutor heads to Sidley. The Churn is constant. Please send all announcements to firstname.lastname@example.org
The Obama administration and European Union announced sanctions Monday against several key individuals with ties to the Kremlin, just one day before President Vladimir Putin said he would accept Crimea's bid to join the Russian Federation. Caught in the middle are several top international and Am Law 100 firms, whose Moscow offices could be adversely affected. should the schism between East and West become more pronounced. Amid the uncertainty, two big Russian M&A deals yielded roles this week for four Magic Circle firms.