Top Stories

The Careerist: Zen and the Art of Lawyering

By Dan Bowling |

Happiness expert Dan Bowling reviews The Good Lawyer by Nancy Levit and Doug Linder.

The Churn

The Churn: Skadden's Roberts Bound for NBPA, Plus More Lateral Moves

By Brian Baxter |

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.

At Bingham, Big Guarantees Raise More Questions

By Brian Baxter |

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.

Leonid Nevzlin, whose share of the Yukos award is roughly $33 billion, seated beside his collection of Japanese ivory dolls in June 2005 in Herzlya, Israel.

The Global Lawyer: On Money, Justice and Yukos

By Michael D. Goldhaber |

Legally, the Yukos oligarchs deserve their $50 billion. Morally, it's murky.

Shearman's Winning Yukos Strategy

By Michael D. Goldhaber |

When they brought a $114 billion claim against Russia to trial, Yukos' lawyers decided to let the facts speak for themselves.

The Careerist: How to Get an Interview (Without Driving the Firm Crazy)

By Vivia Chen |

Tips for law students on how to approach firms for an interview.

Zillow's app for tablets and smartphones.

Four Am Law 100 Firms Help Zillow Snap Up Trulia

By Brian Baxter |

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.

Dollar Tree Pays Big Bucks for Bargain Retail Rival

By MP McQueen |

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.

From left, Shay Dvoretzky of Jones Day, Michael Levinson of Seyfarth Shaw, and Joel Miller of Miller & Wrubel.

Ground Shifts Under Howrey's Unfinished Business Claims

By Julie Triedman |

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.

Employees of the Russian oil company Yukos working at an oil well in the Tyumensk region of Russia in August 2003.

Yukos Scores $50 Billion Arbitration Victory Against Russia

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.

Yukos oil company chief executive officer Mikhail Khodorkovsky (R) stands behind a glass wall at a courtroom in Moscow, on December 29, 2010.

Yukos Majority Shareholders Hit a $50 Billion Gusher

By Michael D. Goldhaber |

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.

The Churn

The Churn: Arnold & Porter Adds to Ranks, Plus More Lateral Moves

By Brian Baxter |

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.

Dewey & LeBoeuf: Connecting More Dots

By Steven J. Harper |

If you thought the story of Dewey & LeBoeuf ended when the firm declared bankruptcy, you're wrong. The best is yet to come.

Rupert Murdoch

21st Century Fox Sells German, Italian Units for $9 Billion

By Wenxiong Zhang |

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.

An aerial view of downtown Tel Aviv, Israel.

Under Israel's Iron Dome, Another Law Firm Merger

By Brian Baxter |

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.

Am Law Firms Lead on Breitburn Energy Deal

By MP McQueen |

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.

The Careerist: The 10 Law Schools with the Most Applicants

By Vivia Chen |

Find out which law schools are the most sought-after in the land.

The Careerist: Women and Minorities Who Push Diversity Get Negative Reviews

By Vivia Chen |

A recent study finds that women and minorities get ahead when they keep their mouths shut.

Decision in $114 Billion Yukos Case to Be Announced Monday

By Jan Wolfe |

The potentially record-shattering arbitration award will be unveiled in London by former Yukos shareholders and their longtime counsel at Shearman & Sterling.

International IP Attorney Killed in Malaysia Airline Crash

By Valori Corral-Nava |

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.

The Churn

The Churn: A Dechert Partner Decamps, Plus More Lateral Moves

By Brian Baxter |

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.

Spencer Barasch, the SEC's assistant enforcement director in Fort Worth, during the federal government's Enron-related trial of accounting giant Arthur Andersen in 2002.

Spencer Barasch Poised to Leave Andrews Kurth

By Brian Baxter |

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.

Am Law Trio Advises on CIT's $3.4 Billion Buy of OneWest

By MP McQueen |

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.

Bingham Headlines Latest Round of Merger Rumblings

By Brian Baxter |

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.

AK Steel in Mansfield, Ohio

Russian Steelmaker Sells U.S. Plants for $2.3 Billion

By MP McQueen |

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.

Danica McKellar and Scott Sveslosky at the 2014 Billboard Music Awards

The Careerist: Big Law Partner to Wed Star of Wonder Years

By Vivia Chen |

The latest in gossipy, curious and totally irrelevant news about people in law.

Wachtell Raids Simpson Thacher for Executive Compensation Expert

By Brian Baxter |

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.

Are You a Smokin' Bucketful of Awesome?

By Steven J. Harper |

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.

The Churn

The Churn: As DLA Turns, Plus More Lateral Moves

By Brian Baxter |

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.

More Lawyers Asking for Help for Alcohol, Drug Abuse

By MP McQueen |

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.

Dealmaker of the Week: Davis Polk & Wardwell's William Chudd

By Vinayak Balasubramanian |

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.

Four Firms Advise on Latest Deal Arising From North America’s Energy Boom

By Brian Baxter |

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.

Roger Mansukhani and Miles Scully

Amid Shrinking Nameplates, Gordon & Rees Expands

By Brian Baxter |

In an era when many large firms have shortened their monikers, Gordon & Rees added two new name partners to its shingle earlier this year to become Gordon Rees Scully Mansukhani. Miles Scully, one of those partners, talks with The Am Law Daily about that decision, litigation with Alex Rodriguez and his firm's expansion efforts as it prepares to celebrate its 40th anniversary.

The Careerist: Do Men Really Want Paternity Leave?

By Vivia Chen |

Men overwhelmingly support paternity leave. Sort of.

NCAA president Mark Emmert.

Latham Reaps Benefits From NCAA's Myriad Legal Issues

By Brian Baxter |

A tax filing released this week by the National Collegiate Athletic Association, the embattled governing body for college sports, shows the big money it paid to Latham & Watkins during its most recent fiscal year.

Gerry Schwartz, chief executive officer of Onex Corp.

Am Law Duo Leads on Onex's Insurance Business Boost

By Wenxiong Zhang |

Kirkland & Ellis and Fried, Frank, Harris, Shriver & Jacobson advised on the deal, in which a group of investors led by Onex will pay $1.33 billion to acquire York Risk Services from ABRY Partners.

Rupert Murdoch.

Am Law 100 Trio Advising on Murdoch's Time Warner Bid

By Brian Baxter |

Skadden, Arps, Slate, Meagher & Flom and Hogan Lovells are representing Rupert Murdoch's Twenty-First Century Fox on its $80 billion unsolicited takeover bid for Time Warner, which has rejected the offer. Cravath, Swaine & Moore is advising Time Warner on the matter. All three firms have long histories with the two media giants.

Sidley, Wachtell Handle GTECH Deal

By Vinayak Balasubramanian |

The Italian lottery operator wants to acquire Las Vegas–based slot-machine maker International Game Technology.

The Careerist: You Can Get into Any (Mid- Rank) Law School!

By Vivia Chen |

The latest on the number of LSAT takers. Plus law school news about Harvard, BU, BC, Hastings and more.

Four Firms Advise on Chemical Companies' Merger

By Alexandra Wilson |

Shearman & Sterling, Troutman Sanders, Kelley Drye & Warren and Simpson Thacher & Bartlett advised in Albemarle Corporation's acquisition of Rockwood Holdings.

The 100 Best-Paid General Counsel—and What They Make

By Rebekah Mintzer |

It's quite a lot, it turns out, when you consider salary, bonus and nonequity incentive compensation. Our sister publication, Corporate Counsel, creates this list based on information publicly available in Fortune 500 companies' proxy statements.

Whirlpool Corp. washing and drying machines are displayed for sale at a Howard's Appliances Inc. store in Torrance, California.

Cleary, Paul Hastings Advise on Whirlpool Acquisition

By Valori Corral-Nava |

The world's leading manufacturer of home appliances will acquire a 60.4 percent stake in Italian appliance maker Indesit, allowing it to expand its reach in the European market.

Camel cigarettes are manufactured by Reynolds American Inc.

Reynolds Agrees to Buy Lorillard for $27.4 Billion

By MP McQueen |

Jones Day, Cravath Swaine & Moore, Simpson Thacher & Bartlett, Allen & Overy and Kirkland & Ellis all advised on the megadeal that would create a $50 billion tobacco company to rival Altria Group, the holding company of Philip Morris.

The Churn

The Churn: Baker and Quinn Expand, Plus More Lateral Moves

By Brian Baxter |

Baker & McKenzie heads to Brisbane, Quinn Emanuel Urquhart & Sullivan takes its litigation prowess to Houston and a trio of partners leave Kirkland & Ellis in our latest look at notable moves from throughout The Am Law 200.

The Mylan Laboratories Inc. headquarters in Canonsburg, Pennsylvania.

Abbott Labs Sells Specialty and Generic Business to Mylan

By Vinayak Balasubramanian |

The $5.3 billion all-stock deal would allow Mylan to relocate some of its operations to the Netherlands. Mylan sought legal counsel from Cravath, Swaine & Moore, while Abbott turned to Baker & McKenzie.

AECOM has worked on such construction management projects as the new World Trade Center in New York.

AECOM to Buy Engineering Rival for $6 Billion

By Wenxiong Zhang |

Gibson, Dunn & Crutcher, Wachtell, Lipton, Rosen & Katz and Cooley are advising on the deal, in which AECOM Technology Corp. will pay $4 billion in cash and stock and assume $2 billion in debt to acquire URS.

Skadden Leads on Banking, Candy Deals

By Brian Baxter |

After outpacing the Am Law 100 pack for transactional work during the first half of 2014, Skadden has stepped up its game in the third quarter by advising Brazil's BTG Pactual Group on its $1.7 billion buy of Italian insurer Generali's Swiss private bank as well as Swiss chocolate maker Lindt & Sprungli on its purchase of Russell Stover Candies for a reported $1.4 billion. Skadden also recently advised on an agreement to save struggling retailer American Apparel.

William Voge Elected as Latham's Next Chair

By Julie Triedman |

A project finance partner at the firm, Voge will replace veteran Robert Dell, who stood at Latham's helm for 20 years. Voge edged out former global finance practice vice chair Jeffrey Greenberg in a runoff election. His term will begin on Jan. 1, 2015.

The Churn

The Churn: Dickstein Group Defects, Plus More Lateral Moves

By Brian Baxter |

Greenberg Traurig has raided Dickstein Shapiro for 13 lawyers and lobbyists in Washington, D.C., Paul Hastings plucks Kaye Scholer's white-collar and internal investigations chair and Troutman Sanders snags Hughes Hubbard's private equity chair in the latest round of lateral moves from throughout The Am Law 200.

U.S. Supreme Court Chief Justice John Roberts Jr.

The Roberts Court: Playing the Long Game

By Steven J. Harper |

What will be the legacy of the Roberts Court? It's way too soon to tell.

LeBron James

LeBron's Lawyer Welcomes Return of King James

By Brian Baxter |

Frederick Nance, a Cleveland-based regional managing partner at Squire Patton Boggs, has been the longtime personal and business lawyer to NBA star LeBron James, who on Friday announced that he would return to the Cleveland Cavaliers, a team he left four years ago this month. Nance admits that the advice he gave his star client about his the next stop in his playing career wasn't exactly unbiased.

Andrew Calder

Kirkland's $5 Million Man Leads on Texas Energy Deal

By Brian Baxter |

A little more than two months after Kirkland & Ellis made waves by heading to Houston with its hire of Andrew Calder from Simpson Thacher & Bartlett, the firm has snagged a key role advising longtime Simpson Thacher private equity client KKR on its creation of an oil and gas joint venture with Riverstone Holdings that will be one of the largest operators in Texas' Barnett Shale formation.

Proskauer's Eric Remensperger playing the bass guitar during the Battle of the Bands.

Big Law Finds its Inner Rock Star in Battle of the Bands

By Alexandra Wilson |

Morrison & Foerster emerged the winner in Tuesday's Battle of the Bands event in Los Angeles to raise money for domestic violence victims. Band Morrison edged out Proskauer Rose's Legally Blonde and Norton Rose Fulbright's Hostile Witness.

The Careerist: Best Firms for the Summer (and After)

By Vivia Chen |

Vault's top law firms for summer programs and associate happiness.

The American Lawyer Chooses 2014 Global Legal Award Winners

By Michael D. Goldhaber |

The American Lawyer unveils the 36 winners of its second annual Global Legal Awards. Four grand prizewinners—in Global M&A, Global Finance, Global Disputes and Global Citizenship—will be announced at the awards dinner on Sept. 15 at Gotham Hall in New York City.

Confidence in Legal Industry Mixed Among Firm Leaders

By MP McQueen |

Confidence remained relatively steady for law firm managing partners in the second quarter, but their outlook on revenues and the overall economy dampened from the first quarter, according to Citi Private Bank Law Firm Group's latest survey.

Goodwin Procter Names New Chairman

By Valori Corral-Nava |

David Hashmall will become only the sixth chairman in the firm's 102-year history, replacing Regina Pisa, the first woman ever to lead an Am Law 100 firm.

Cadwalader Takes Corporate Inversions to Another Level

By Brian Baxter |

Cadwalader, Wickersham & Taft may have found a way to help more U.S. companies use corporate inversions to lower their tax bills. Salix Pharmaceuticals has retained the firm, as well as Covington & Burling and leading Irish shop A&L Goodbody, for its $2.7 billion acquisition of patents to gastrointestinal drugs owned by an Irish unit of Italy's Cosmo Pharmaceuticals.

Smolen, Kluger Speak About Careers Gone Awry

By Brian Baxter |

Two Am Law 100 lawyers who fell on hard times—Lee Smolen and Matthew Kluger—have recently discussed their trials and tribulations in vastly different venues.

The Churn

The Churn: Venable Expands in L.A., Plus More Lateral Moves

By Brian Baxter |

A day after Hogan Lovells and Squire Patton Boggs started the third quarter with mergers abroad, Venable has gotten into the tie-up game by picking up seven lawyers from Los Angeles litigation boutique Weingarten Brown. The Am Law Daily looks at those moves and more in our latest tally of Am Law 200 hires.

Shire logos sit on the boxes of Elvanse tablets and Mezavant XL tablets, produced by Shire Plc, on Tuesday, July 8, 2014.

Undeterred, AbbVie Makes Another Play for Shire

By Vinayak Balasubramanian |

After being rebuffed three times by Shire, AbbVie announced a sweetened bid of $51.5 billion for the Irish pharmaceutical company. Advising AbbVie are Herbert Smith Freehills and Sullivan & Cromwell; Shire turned to Slaughter & May and Davis Polk & Wardwell.

The Careerist: Blondes Make More Money

By Vivia Chen |

Going blonde can affect your pocket book. Here's why you might want to color your hair.

The Southern Sun hotel in Cape Town, South Africa, is owned and operated by Tsogo Sun.

SABMiller Sells Stake in Tsogo Sun for $1.1 Billion

By Wenxiong Zhang |

The world's second-largest beer brewer said Monday that it would sell the stake in Tsogo Sun Holdings Ltd. back to the South African hotel and gaming group as well as to institutional investors. Hogan Lovells, Linklaters, Webber Wentzel and Davis Polk all advised on the deal.

Skadden, Arps, Slate, Meagher & Flom offices in Washington, D.C.

Skadden Deal Streak Continues for ADM, VGT

By Brian Baxter |

Only a few days after Skadden, Arps, Slate, Meagher & Flom topped the first half M&A league tables for legal advisers, the firm grabbed roles advising Video Gaming Technologies on its $1.3 billion sale to Aussie gambling-machine maker Aristocrat Leisure, as well as the Archer Daniels Midland Company on its $3.1 billion buy of natural ingredient flavoring firm Wild Flavors.

Hogan, Squire Make International Merger Moves

By Brian Baxter |

Growing global legal giants Hogan Lovells and Squire Patton Boggs both made major moves over the holiday weekend, with the latter expanding in Tokyo by absorbing a five-lawyer corporate boutique, while the former is poised to open two new offices in Latin America through its union with a 70-lawyer firm in Mexico.

John Devaney

Perkins Coie's New Managing Partner to Head Firm from D.C.

By MP McQueen |

In its continuing effort to raise its national profile, Perkins Coie has named John Devaney as its first firm leader outside of its Seattle headquarters. Devaney will take the reins in January, replacing longtime veteran Robert Giles.

The Churn

The Churn: Holland & Knight Hires Again, Plus More Lateral Moves

By Brian Baxter |

Only days after confirming the closure of its Abu Dhabi office to focus on the Americas, Holland & Knight has brought on an 11-strong team by raiding an energy boutique for half of its lawyers. The Am Law Daily looks at those hires and more new arrivals from throughout the Am Law 200.

Legal Sector Adds 1,200 Jobs in June

By MP McQueen |

The sector made up for the 1,100 jobs it lost in May, according to the latest preliminary job figures released on Thursday by the U.S. Bureau of Labor Statistics.

What the Rise of Pricing Officers Says About Big Law's Future

By Aric Press |

The advent of law firm pricing executives—once a novelty act, now nearly a norm—shows that lawyers and their managers have started to use important data rather than ignore it.

Skadden Crowned Winner in M&A Rankings

By Wenxiong Zhang |

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

Partner Pay Spreads, Firm By Firm

The pay range from least to most compensated partner varied widely among firms, our survey shows.

A worker oversees a vibratory conveyer at a Roche packaging facility.

Biotech, Vitamin Deals a Boon to Wilson Sonsini

By Brian Baxter |

Swiss drug giant Roche Holdings has agreed to pay up to $1.7 billion to buy Seragon Pharmaceuticals, a San Diego-based maker of breast cancer treatments being advised by Wilson Sonsini Goodrich & Rosati, which is also counseling online vitamin seller on its $280 million sale to supermarket chain The Kroger Co.

Report: Record-Setting Law Firm Merger Pace Continues

By Brian Baxter |

A second-quarter report by legal consultancy Altman Weil has found that the 39 law firm mergers announced in the U.S. so far this year match the pace of 2013, which yielded a record number of law firm tie-ups. And megamergers, while still rare, are currently being discussed.

Overtime Case Against Quinn Emanuel to Move Forward

By MP McQueen |

A federal judge in Manhattan has denied an attempt by Quinn Emanuel to file a second motion to dismiss a contract attorney's suit claiming that he should have been paid overtime for his work doing document review.

The Careerist: Gossip and News Roundup

By Vivia Chen |

All the quirky, fun news you've been waiting to read.

Bankrupt Firm Trustees Lose Bid for 'Unfinished Business'

By Joel Stashenko |

A unanimous Court of Appeals said finding that lawyers owe a continuing obligation to their old partnerships for work they do for clients after moving to new firms "does not comport with our profession's traditions and the commercial realities of the practice of law today."

BNP Deal Shines Spotlight on Law Firms' Sanctions Advice

By Susan Beck |

In detailing their record settlement with BNP Paribas this week, prosecutors suggested that the French Bank relied on questionable advice from at least one major law firm to justify violating U.S. sanctions regimes.

Herbert Smith Sees Financial Growth in Year After Merger

By Vinayak Balasubramanian |

Revenue rose by 5 percent in the first full fiscal year since its 2012 merger between British firm Herbert Smith and Australian firm Freehills. Profits per equity partner were up by 12 percent.

The Churn

The Churn: Fitzpatrick Cella Leader Leaves, Plus More Lateral Moves

By Brian Baxter |

Mayer Brown has hired Colleen Tracy, former managing partner of New York-based Fitzpatrick, Cella, Harper & Scinto, where she took the IP firm's leadership reins in 2009. The Am Law Daily looks at Tracy's move and other new arrivals throughout The Am Law 200.

Hogan Lovells, White & Case Brush Up on Mexican Paint Merger

By Brian Baxter |

Six weeks after Consorcio Comex launched an arbitration proceeding against Sherwin-Williams over the latter's failed $2.34 billion purchase of the company, the Mexican paints maker announced a $2.3 billion deal to sell itself to PPG Industries.

Energy Deals on Both Sides of Border Yield Roles for Vinson

By Brian Baxter |

Vinson & Elkins continued to ride the oil and gas energy M&A boom in North America this week, grabbing roles for Devon Energy on its $2.3 billion sale of noncore U.S. natural gas assets to Linn Energy, as well as private equity-backed Jupiter Resources on its $1.8 billion purchase of properties in Alberta from Canada's Encana.

M&A Surge Puts Clifford Chance on the Rebound

By MP McQueen |

The Magic Circle firm saw its revenue grow to $2.175 billion for the 12-month period ended April 30, 2014—its highest ever.

Abu Dhabi

Holland & Knight Sets Sights on Americas With Abu Dhabi Closure

By Brian Baxter |

After opening offices in Anchorage and Dallas in recent months thanks to a bevy of hires from Patton Boggs, Holland & Knight has chosen to shutter its sole outpost in the Middle East by closing its Abu Dhabi offices to focus on the Americas.

The Careerist: What Nice Girls Don't Ask

By Vivia Chen |

The feminine art of asking for a raise, according to Harvard Business Review.

The Churn

The Churn: Paul Weiss, Squire Patton Make New Hires, Plus More Lateral Moves

By Brian Baxter |

A big week for lateral moves saw Paul Weiss pluck a prominent prosecutor, the newly minted Squire Patton Boggs make another key addition and a rare departure from Wachtell Lipton. The Am Law Daily has the lowdown on the latest comings-and-goings from throughout The Am Law 200.

Wachtell offices CBS Building

Wachtell Partner Departs to Start Exec Comp Boutique

By Brian Baxter |

Jeremy Goldstein has bid adieu to the Black Rock, the New York headquarters of Wachtell, Lipton, Rosen & Katz, where he was a partner for the past six years. In launching his own boutique, the 40-year-old Goldstein leaves behind a firm that had the highest profits per partner in the country last year.

The Careerist: Six Rules to Chew On (Before Lunch)

By Vivia Chen |

Do you know the "BMW" rule? You should.

Cast aluminum 'pigs,' each weighing 1,500-pounds, are stacked for shipment at the Alcoa plant in Rockdale, Texas.

Firth Rixson's Sale to Alcoa Draws Three Am Law Firms

By Vinayak Balasubramanian |

Alcoa said it would buy the jet engine component producer for $2.85 billion. Wachtell, Lipton, Rosen & Katz and Crowell & Moring advised Alcoa, while Paul, Weiss, Rifkind, Wharton & Garrison counseled Firth Rixson.

Ten Upper Bank street located in London, England.

Clifford Chance Helps Sell Own Headquarters for $1.4 Billion

By Brian Baxter |

The Magic Circle firm is advising the Canary Wharf Group on the sale of a London office tower that houses the firm's main offices to a Chinese and Qatari consortium.

An aerial view of the London Stock Exchange, located in Paternoster Square, London, England.

LSEG's Big Russell Buy a First for Kirkland

By Brian Baxter |

The London Stock Exchange Group, one of the oldest and largest stock exchanges in Europe, has tapped Kirkland & Ellis and Freshfields Bruckhaus Deringer to advise on its $2.7 billion acquisition of the Russell 2000 stock index from Northwestern Mutual Life Insurance Co. Skadden and Debevoise & Plimpton are also advising on the purchase, the largest transaction in LSEG's history.

Ex-Sen. Howard Baker, Once Considered for Supreme Court, Dies

By Todd Ruger |

Former Sen. Howard Baker of Tennessee, whose Washington career included stints as majority leader and White House chief of staff for Ronald Reagan, has died at age 88 from complications of a stroke, his law firm and Senate Republicans said Thursday.

Skadden Scoops Up M&A Deals

By Wenxiong Zhang |

The firm took the lead on two back-to-back transactions, advising Validus on its $690 million purchase of Western World Insurance, and Endo International on its $575 million buy of DAVA Pharmaceuticals. Sullivan & Cromwell and Morrison Cohen counseled Western World, while Dechert represented DAVA.

Book Industry Deals Yield Roles for Am Law 100 Trio

By Brian Baxter |

Barnes & Noble, the nation's largest bookstore chain, has turned to longtime outside counsel Cravath, Swaine & Moore to handle the spinoff of its struggling e-book unit Nook Media, while Arnold & Porter is advising Perseus Books Group on its proposed sale to the Hachette Book Group, which has retained Jones Day as the publishing giant ratchets up its fight with Amazon.

The Careerist: Sexiest Law Firm in the World

By Vivia Chen |

Who gets the prize for sex appeal, prestige and verbal complexity in the legal business?

DLA Partner Facing Corruption Trial in Italy

By Brian Baxter |

Giorgia Romitelli, an administrative law partner with DLA Piper in Milan, is facing a corruption trial on charges that she and a trio of other Italian lawyers engaged in fraud in order to bring the Expo 2015 trade fair to Milan next year.

The Churn

The Churn: Bingham, Squire Make New Hires, Plus More Lateral Moves

By Brian Baxter |

Two Am Law 100 firms that have dealt with a high degree of lateral volatility in recent months—Bingham McCutchen and the newly formed Squire Patton Boggs—made hires this week, but also saw some partners leave. The Am Law Daily looks at those moves and others from around The Am Law 200.

An Alstom power plant in Az Zour, Kuwait.

Orrick, Cleary Clinch Roles as Alstom's Board Approves GE Bid

By Brian Baxter |

After a two-month takeover quest, veteran French M&A lawyer Jean-Pierre Martel, a partner in the Paris office of Orrick, Herrington & Sutcliffe, advised the board of engineering giant Alstom as it recommended the acceptance of General Electric's $17 billion bid for its energy business. The deal, which has yielded roles for nearly a dozen firms on both sides of the Atlantic, is the largest in GE's history.

IP Group Bashes Jones Day as Trademark 'Bully'

By Jan Wolfe |

According to the Electronic Frontier Foundation, Jones Day threatened a spurious lawsuit in hopes of censoring protected speech by a critic of the firm's Detroit bankruptcy work.

A Young Obama Ponders Problem of Minority Retention at Big Firms

By Julie Triedman |

In 1990, onetime Tulane Law School associate dean Robert Clayton found himself quoted in The Chicago Reporter alongside a 28-year-old summer associate about the problems with retention of black lawyers at large firms. That associate was Barack Obama. Since then, little has changed.

Handshake with building in background

Taylor Wessing Is Coming to the U.S.

By Brian Baxter |

Anglo-German legal giant Taylor Wessing is preparing to invade the U.S. The 900-lawyer firm, known primarily for its intellectual property, telecommunications and media work, is poised to open offices in New York and Palo Alto this September.