Warren Gorrell is named Dealmaker of the Week for his role advising General Electric Co. in the $26.5 billion sale of GE Capital's real estate portfolio to funds managed by Blackstone LP, along with Wells Fargo & Co. and additional buyers.
Warren Gorrell is named Dealmaker of the Week for his role advising General Electric Co. in the $26.5 billion sale of GE Capital's real estate portfolio to funds managed by Blackstone LP, along with Wells Fargo & Co. and additional buyers.
As Dentons merges with yet another firm, its leaders are out to shatter "myths" about law firm growth. But what if they're not myths?
The two firms are divvying up the task of advising Google on antitrust claims leveled at the technology giant this week by the European Union.
As hundreds of Am Law 100 lawyers work on the dissolution of General Electric's financial unit, three more big firms grab roles on Nokia's $16.6 billion acquisition of Alcatel-Lucent.
Prentice O'Leary, a longtime bankruptcy lawyer at Sheppard, Mullin, Richter & Hampton, is spending his retirement as a part-time ski instructor at a major ski resort in Colorado.
Peter Gray sought permission to appeal a British high court's finding last month that the Dubai-based partner deliberately misled the court in presenting inaccurately dated evidence that implicated Djibouti businessman Abdourahman Boreh in a 2009 grenade attack. Justice Julian Flaux on Tuesday rejected Gray's request, which will now go to the Court of Appeal.
Having recently announced mergers in the U.S. and China, the ever-expanding global legal giant is now adding a 30-strong team from White & Case in the Hungarian capital. The move is essentially another merger, as Dentons will absorb the entire local affiliate of White & Case, a firm that opened in Budapest in 1990.
The firm is extending its reach by creating a new office in Nashville that will focus on the health care industry, a staple for the fast-growing Polsinelli. Manning the outpost will be former Frost Brown Todd attorneys Bobby Guy and Robert Dempsey.
Ralph Baxter became almost synonymous with his firm during his 22 years at the helm of Orrick, Herrington & Sutcliffe. On Monday, he announced his first official plans for his post-firm life: taking on board roles at two data analytics-oriented legal services innovators and chairing a new industry think tank.
Duane Morris and McKool Smith saw a pair of oenophiles pull up stakes for new endeavors; Kirkland & Ellis adds one litigator and loses two more; Paul Hastings bolsters its banking group in London; and other notable moves from throughout The Am Law 200.
Law firm managing partners' confidence in the first quarter dropped to the levels of last year's third quarter thanks to lower expectations for economic and legal industry growth, according to Citi Private Bank Law Group.
The American Lawyer is seeking nominations for its annual Global Legal Awards and Litigation Departments of the Year.
Cahill Gordon & Reindel officially launched an English law litigation practice in London after hiring Shearman & Sterling partner Richard Kelly. The announcement comes with a twist: U.K. regulators approved Cahill's application to become the first major U.S. firm in London to be licensed under an alternative business structure.
After a federal court judge in Iowa granted a stay in Aviva Life and Annuity Co.'s case against three former Dewey & LeBoeuf leaders, the insurance company has filed a separate suit against two others: COO Dennis D'Alessandro and executive committee member Richard Shutran.
Want to get in? Don't apply straight from college.
Georgetown University Law Center is working with DLA Piper and Arent Fox to create a small nonprofit law firm in Washington, D.C., aimed at providing legal services at affordable rates to people with modest incomes who don't qualify for free legal aid because they're not poor enough.
J. Christopher Groobey spent 25 years in Big Law before heading for the high seas; Fried Frank makes more litigation hires; Latham & Watkins lures three from Sidley Austin; and other notable moves from throughout The Am Law 200.
Marc Marotta, a corporate and public affairs partner at Foley & Lardner in Milwaukee and one of Wisconsin’s most respected attorneys, died Wednesday of a brain aneurysm. A former high school and college basketball star, Marotta was drafted by the National Basketball Association’s New York Knicks in 1984, but chose Harvard Law School instead. Nonetheless, he remained close to the game he loved.
The short-term rental service made headlines when it announced its expansion into Cuba, making it one of the first companies to take advantage of the loosening of regulations that had for decades prohibited Americans from doing business in the island nation. Behind the scenes, Akerman partner Augusto Maxwell, who heads the firm's Cuba practice, worked to make the move happen for Airbnb.
Turnill, a corporate and commercial partner in Slaughter and May's London office, advised Royal Dutch Shell in its $70 billion acquisition of BG Group.
Oil and gas tops off this week's list of billion-dollar deals, with Royal Dutch Shell plc's $70 billion acquisition of BG Group plc. Magic Circle and Am Law firms landed roles on the mega deal, with Slaughter and May, Cravath, Swaine & Moore and De Brauw Blackstone Westbroek advising Shell, and Freshfields Bruckhaus Deringer working on behalf of BG Group.
Fresh off adding a new litigation chief from the lateral market, Fried, Frank, Harris, Shriver & Jacobson snagged Shearman & Sterling's IP litigation chair Scott Doyle and partner Jonathan DeFosse in Washington, D.C., where Doyle served as his former firm's local co-managing partner. Both lawyers have recently picked up notable victories for corporate clients.
Richard Grice, an Atlanta-based partner in Alston & Bird’s finance group, traded paperwork for working on par this week after landing the side-job of a lifetime—caddying at the 2015 Masters Tournament in Augusta, Georgia. As for Grice's golfer and interim boss, that would be Gunn Yang, a 21-year-old South Korean and 2014 U.S. Amateur Champion.
Boies, Schiller & Flexner is putting its legal muscle behind 18-year-old Pascal Tessier, the first openly gay Boy Scout leader. The New York chapter of the group hired Tessier, flouting the Boy Scouts of America's policy against openly gay adult members.
A federal judge hands Dershowitz a favorable ruling. Now what?
Africa is one of the world's final frontiers for large law firms, but despite a burgeoning market for legal services, some local leaders still reign supreme.
A little more than a month after rekindling merger talks, Dentons and McKenna Long & Aldridge have agreed to a combination.
Virtu Financial, a high-frequency trader led by former Paul, Weiss, Rifkind, Wharton & Garrison corporate partner Douglas Cifu that called off an initial public offering last year, restarted its plans for a public listing that it expects will raise $313.5 million next week. An SEC filing shows how much Paul Weiss and Davis Polk & Wardwell stand to benefit from the future float.
Mark Shurtleff, who served three terms as Utah’s attorney general before a six-month stint at Troutman Sanders in 2013, faces nine felony charges, including bribery, tampering with evidence and obstruction of justice. But that hasn’t stopped him from launching his own firm, which he unveiled last week in a YouTube video.
Wilmer Cutler Pickering Hale and Dorr and Morrison & Foerster tap the U.S. Department of Justice for two notable hires; Kramer Levin adds a life sciences practice head; Nixon Peabody nabs a Jones Day band leader and other moves from throughout The Am Law 200.
Think the amount of time you spend with your kids will determine how they turn out? Ha!
With deal volume up during the first quarter, O'Melveny & Myers, Shearman & Sterling and Covington & Burling made notable additions Monday to bolster their M&A ranks in New York.
The Ontario Securities Commission has found that a former Davies Ward partner tipped off a friend, starting in 2004, about three separate deals that the lawyer had knowledge of. The tips prompted the friend—an investment adviser—to buy shares in the companies in question.
After dominating the top spot in three separate M&A rankings of legal advisers by deal value last year, Skadden, Arps, Slate, Meagher & Flom was bumped by Davis Polk & Wardwell and Sullivan & Cromwell in two of the rankings for the first quarter.
Mergers among U.S. law firms continued at their rapid clip in the first quarter, with 29 announced combinations, according to legal management consultancy Altman Weil Inc.
Gibson Dunn & Crutcher, along with the Republic of Djibouti, has been ordered by a British high court judge to pay Abdourahman Boreh the equivalent of $1.3 million in fees after the firm's Dubai partner, Peter Gray, was found to have knowingly provided false information regarding the Djibouti businessman's alleged involvement in a 2009 grenade attack.
M&A partners Pagnani and Sawyer took the lead for UnitedHealth Group in its purchase of Schaumburg, Illinois-based pharmacy benefits manager Catamaran Corp. for $12.8 billion.
Crowell & Moring's environmental and natural resources chair decamps for a key client; Fried Frank hires a new litigation chief; McGuireWoods adds a former top Milbank litigator in Los Angeles; and other notable additions from throughout The Am Law 200.
An April 1 column by Professor Steven Davidoff Solomon in The New York Times gets it wrong by painting an optimistic picture of the legal sector despite dim forecasts.
An advocate for the legal profession's diversity ignores the dismal performance of law schools where minority enrollment is increasing.
After showing gains in February, the legal sector lost 1,200 jobs in March, according to seasonally adjusted preliminary data released Friday by the U.S. Bureau of Labor Statistics.
As Major League Baseball prepares to begin its 2015 season—the first under new commissioner and former Morgan, Lewis & Bockius partner Robert Manfred Jr.—the union representing the league's players has filed its annual report detailing expenses to 14 outside legal advisers, including three Am Law 200 firms.
The firm plays a prank but the associates are not laughing.
The energy firm, not to be confused with the international firm of the same name, laid off 32 people, including 14 lawyers. Steptoe & Johnson blamed plummeting oil prices that have impacted numerous law firms to varying degrees.
This week’s roundup of deals worth $1 billion or more features UnitedHealth Group Inc.’s $12.8 billion acquisition of Schaumburg, Illinois-based pharmacy benefits manager Catamaran Corp. Sullivan & Cromwell, Blake, Cassels & Graydon and Squire Patton Boggs advised UnitedHealth in the transaction, while Sidley Austin and Baker & McKenzie worked on behalf of Catamaran.
Medical marijuana dispensary Medbox, which was once valued at $2 billion before it was beset by a variety of legal entanglements, filed its annual report last week. The 10-K reveals that the company issued shares worth almost $280,000 to two of its outside legal advisers, including Manatt, Phelps & Phillips.
Fresh off a rebound financial year in 2014, Fried, Frank, Harris, Shriver & Jacobson has hired a new litigation chair in James "Jamie" Wareham from DLA Piper, a global legal giant that made its soon-to-be-former partner a $5 million man after hiring him four years ago from Paul Hastings.
McGuireWoods is set to merge with Integer Law Corp., a Los Angeles boutique firm founded in 2010 by former Milbank, Tweed, Hadley & McCloy litigation partner Gregory Evans.
Adam Streisand, head of Loeb & Loeb's trusts and estates litigation group, is headed to Sheppard, Mullin, Richter & Hampton; Hogan Lovells heads to Australia and hires a DLA Piper practice leader; Baker Botts bulks up in the Middle East; and more notable hires from throughout The Am Law 200.
As law firms continue to build themselves back up in the aftermath of the recession, they will look for increased efficiencies through lower real estate spend, according to the latest report by Colliers International's Law Firm Services Group.
Irell & Manella partner Steven Thomas negotiated the sale of Gustav Klimt’s famous gold painting "Adele Bloch-Bauer I," which drew headlines for fetching the highest price for any artwork in 2006. The painting, along with four others, was stolen by the Nazis and recovered by the Bloch-Bauer heirs after an eight-year legal battle with the Austrian government, and is now the subject of "Woman in Gold," a film starring Helen Mirren that will be released Wednesday.
Joseph Moreno, special counsel at Cadwalader, Wickersham & Taft in Washington, D.C., spent the better part of 2014 working on an external review of the FBI. The white-collar and criminal investigations lawyer was a staffer for the 9/11 Review Commission, which was directed by Congress to evaluate the changes made at the FBI since Sept. 11, 2001.
Norton Rose Fulbright has landed the lead position on Acritas' Canadian Law Firm Brand Index, bumping Blake, Cassels & Graydon, which slipped to second place.
Orrick's sad, funny ad; the anti-sodomite lawyer.
One-fifth of its law school grads go into Big Law, despite its No. 110 rank.
Kirkland & Ellis loses two and hires one from Skadden; Wilmer expands in Denver; Winston & Strawn hires two more from Pillsbury and other notable moves from throughout The Am Law 200.
Too many big law firms share an unfortunate attribute with big hospitals: a lost sense of mission.
Barshay, a corporate partner at Cravath, led a team from the firm advising H.J. Heinz on its proposed megamerger with Kraft Foods Group.
Frederick Leech, a longtime Reed Smith partner in Pittsburgh and former head of the firm's investment management practice, recently left to become chair of the corporate group at Leech Tishman Fuscaldo & Lampl, a Steel City-based boutique founded in 1994 by his younger brother Tony Leech, who drowned 10 years later trying to save his two sons from a riptide in Costa Rica.
Cravath, Swaine & Moore; Kirkland & Ellis; Munger, Tolles & Olson; and Sullivan & Cromwell have landed lead roles on the Warren Buffett-backed $40 billion union of H.J. Heinz and Kraft Foods.
Legal academia is chock full of women and minorities.
Akin Gump Strauss Hauer & Feld, Bracewell & Giuliani, Haynes and Boone, Kirkland & Ellis and Vinson & Elkins are some of the Am Law 200 firms that have snagged leading bankruptcy and restructuring roles in the struggling U.S. oil and gas sector.
Kirkland & Ellis picked up momentum in 2014, with revenue increasing 6.6 percent, to $2.15 billion, and profits per partner lifting 7 percent, to $3.51 million, according to The American Lawyer's reporting. Revenue per lawyer increased 5.4 percent, to $1.365 million, while net income rose 8 percent, to $1.182 billion.
The Chicago-based firm has announced that it will open a disputes-focused office in London later this spring to meet the increasing international needs of its clients.
There are few consequences from clients when firms fall far short of diversity goals.
A British high court judge has reversed an order freezing the assets of Djibouti businessman Abdourahman Boreh after finding that a Gibson, Dunn & Crutcher partner knowingly presented faulty evidence implicating Boreh in a 2009 grenade attack.
King & Spalding and Winston & Strawn continue their recent hiring sprees; Latham & Watkins lands one partner and lose two others; a longtime Reed Smith partner departs; Stroock snags a Goldman Sachs alum from Kirkland & Ellis; Wilmer brings back another former federal regulator; and other notable additions from throughout The Am Law 200.
Thanks to a $1 million TED Prize grant, StoryCorps has launched an app that will allow users to record personal interviews directly into their phones, many of which will be archived at the Library of Congress. Latham & Watkins, which has served as pro bono counsel for StoryCorps since 2008, helped with a range of IP issues.
For Mintz Levin, 2014 was a relatively flat year financially amid notable changes in the partnership ranks. Gross revenue inched up by 1.9 percent, to $316 million, while revenue per lawyer and profits per partner each increased by less than a percent to $760,000 and $955,000, respectively.
Winston & Strawn has confirmed its hire of Mats Carlston as co-chairman of its global finance practice, in addition to five more hires from Pillsbury Winthrop Shaw Pittman. Carlston spoke with The Am Law Daily about his move, which follows a group of 11 corporate, finance and private equity partners jumping to Winston & Strawn from Pillsbury earlier this month.
The Minneapolis-based firm has hired nine partners from four firms, including Locke Lord Edwards, Morgan Lewis & Bockius, Seyfarth Shaw and Ulmer & Berne. With the new additions, Faegre Baker's Chicago office will grow to almost 60 lawyers.
A year ago, Teddy Scott Jr. and John Leja had corner offices and leadership positions in Polisinelli’s IP practice in Chicago. Now they’ve quit their jobs to found and run a medical marijuana company, taking partner Jeremy Unruh with them to serve as general counsel. The company has raised $20 million from investors and received licenses from the state of Illinois to operate two cultivation sites and four dispensaries.
Kutak Rock loses eight of its nine lawyers in Wichita to growing Am Law 200 firm Lewis Brisbois; Cahill makes a rare partner hire; Kasowitz and Polsinelli partners take entrepreneurial turns; musical chairs at McDermott; and other notable hires from throughout The Am Law 200.
Bobby Burchfield, a management committee member and head of the complex litigation group at McDermott Will & Emery, has left the firm with partner Matthew Leland for King & Spalding. Burchfield joins the firm nearly four years after the departure of former top litigator Paul Clement. His departure from McDermott comes on the heels of a pair of IP partners defecting for Paul Hastings and as McDermott seeks to ramp up its private client practice.
Bradley Bondi, head of the securities enforcement and investigation group at Cadwalader, Wickersham & Taft, has joined Cahill Gordon & Reindel in a rare lateral hire by the Wall Street firm. Bondi, who will work out of New York and Washington, D.C., will lead Cahill’s securities enforcement and regulatory group.
L. Okey Onyejekwe Jr., an Iraq War veteran and IP litigation partner with Kasowitz, Benson, Torres & Friedman in Silicon Valley, left the firm last month to focus on Zobreus Medical Corp., a startup mobile and health technology company that launched a Kickstarter campaign this week to revolutionize medical records.
Nearly four years to the day after McDermott Will & Emery took on the entire private client practice of Weil, Gotshal & Manges, the former has hired Holland & Knight's international private client practice leader Leigh-Alexandra Basha in Washington, D.C. The move comes as many Am Law 200 firms have reevaluated their private client and trusts and estates practices, and as McDermott braces for some other partner departures.
Our latest roundup of transactions sees Skadden client Valeant Pharmaceuticals International prevail over fellow firm client Endo International in its bid for Salix Pharmaceuticals, while Latham & Watkins, Ropes & Gray and Simpson Thacher & Bartlett advise several private equity clients on their proposed acquisitions of Chicago’s Willis Tower and Life Time Fitness.
Robinson & Cole has poached privacy and data protection group head Linn Freedman from Nixon Peabody. Freedman will lead Robinson & Cole’s newly formed privacy and security data team, following in the footsteps of a number of Am Law 200 firms that have made hires in a practice area that barely existed several years ago.
Yitzhak “Isaac” Herzog comes from one of Israel’s most powerful political families—one likened to the Kennedys—but the former senior partner at leading local law firm Herzog Fox & Ne'eman was unable to unseat Benjamin Netanyahu as the country’s prime minister after elections Tuesday. Nonetheless, Herzog’s Zionist Union performed strongly at the polls, and he could still be a key kingmaker.
The Am Law 100 firm announced Wednesday that it would let go off 21 lawyers and 17 professional staffers from its litigation department.
Latham & Watkins will shrink its number of offices in the Middle East from four to two, leaving the firm with locations in Saudi Arabia’s capital city of Riyadh as well as in Dubai in the United Arab Emirates.
The Am Law Daily drills down the financials for 17 of the biggest New York-based firms, which collectively outperformed their rivals in 2014. Revenue grew an average of 4.5 percent at these firms while profits per partner rose 5.6 percent, according to our reporting.
After nearly three years as general counsel for the National Security Agency, Rajesh "Raj" De is returning to Mayer Brown, a firm where he first made partner in October 2007.
Victor Kovner of Davis Wright Tremaine is the lawyer behind "The Jinx," an HBO documentary series about real estate heir Robert Durst, who was arrested on murder charges one day before the final episode aired. He also vetted "Citizenfour," a documentary about whistleblower Edward Snowden that recently won an Oscar.
After raiding Nelson Mullins Riley & Scarborough for five health care partners, fast-growing Polinselli will open an office in Raleigh; Gibson Dunn and Winston & Strawn add new practice leaders; the NSA's top lawyer returns to Mayer Brown; three former federal prosecutors flock to Robins Kaplan and Wilmer; and other notable hires from throughout The Am Law 200.
The firm has opened an office in Sioux Falls, South Dakota, with plans to open another in Bismarck, North Dakota. The Minneapolis-based firm’s newest outposts will be led by the former U.S. attorneys for South Dakota and North Dakota, Brendan Johnson and Timothy Purdon, respectively.
A former Sidley Austin real estate partner who admitted to faking nearly $70,000 in expenses has been suspended for one year by the Attorney Registration and Disciplinary Commission in Illinois.
The firm has launched a website that provides information on how same-sex relationships are legally recognized in nearly 300 jurisdictions worldwide.
Emails between Curtis, Mallet-Prevost, Colt & Mosle and its client, the Republic of Kazakhstan, were posted online in January after that government’s computers were hacked. Kazakhstan’s counsel at Curtis says in a complaint filed Thursday against the alleged hackers that some of the emails contained privileged and confidential attorney-client communications.
After seeing gross revenue and profits per partner sink in 2013, Winston & Strawn enjoyed a rebound year in 2014, as the firm posted big gains in several key financial metrics. While the firm's equity partnership decreased for a seventh straight year, Winston & Strawn recently added a dozen partners to its ranks following a raid on Pillsbury Winthrop Shaw Pittman.
Having just absorbed the bulk of Bingham McCutchen, a first-of-its-kind merger now awaits Morgan, Lewis & Bockius, which will announce a union Monday with Singapore's Stamford Law Corp. The combination will make Morgan Lewis the largest global firm in the city-state and the only one with the capacity to practice local law across a range of practice areas.
McKenna Long & Aldridge, poised to vote Monday on a union with Dentons, saw two new partners depart because of conflicts; Morgan Lewis lures eight partners in Dallas ahead of another merger in Singapore; Winston & Strawn poaches 10 more partners from Pillsbury; and other notable moves from throughout The Am Law 200.
Cahill Gordon & Reindel's revenue and profitability showed modest declines last year, with gross revenue down 1.7 percent, to $380 million, while profits per partner dropped 4.4 percent, to $3.62 million in 2014. The firm's head count was up 1.6 percent to 327 lawyers in 2014, from 322 the previous year.
Having just completed his first year as chairman of Fried, Frank, Harris, Shriver & Jacobson, David Greenwald is happy with his firm's "realignment." Fried Frank, which in January announced plans to shutter its offices in Asia, saw gross revenue remain flat in 2014, although profits per partner and revenue per lawyer both hit the highest marks in the firm's history.
The top New York-centered firms outperformed their rivals in 2014. Revenue grew an average of 4.5 percent at 17 top firms based in the Big Apple, while profits per partner rose 5.6 percent, according to reporting by The American Lawyer.
At least a dozen Am Law 200 and Magic Circle firms have attained a certification called ISO 27001 to demonstrate they're taking steps toward protecting their documents and communication systems from security breaches, and at least 21 more are in the process of seeking the certification. But even those measures are not enough for some of their biggest bank clients, which demand even tougher standards to guard against cyberattacks.
Our latest roundup of transactions sees Sullivan & Cromwell, Skadden, Freshfields and Davis Polk take the lead for companies in the analytics, entertainment and pharmaceutical sectors.
Law school rankings are out. And everyone is complaining.
Marcia Sundeen, head of Kenyon & Kenyon’s International Trade Commission practice, joins five recently departed former colleagues at Goodwin Procter.