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Legal News

The AM Law Daily The AM Law Daily

Daily legal news from American Lawyer magazine.
By American Lawyer

Post Frequency: 2318/day

Last Entry: June 25, 2012 at 23:40:01

Recent Entries: 4636

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The Am Law Daily Has a New Home

Posted on June 25, 2012
<p>If you're looking for news about the business of law as practiced by the biggest, wealthiest law firms in the United States and the rest of the world, and stories about the lawyers who work at those firms, please visit the newly redesigned <a href="http://www...


Linklaters, Herbert Smith Advise on $1.7 Billion Vodafone Deal

Posted on June 25, 2012
<p>The British mobile phone service provider will acquire business telecommunications company Cable & Wireless Worldwide.</p> <p>


Mayer Brown Helps Nestle Whip Up $11.9 Billion Baby Formula Deal

Posted on June 25, 2012
<p>Nestle will acquire pharmaceutical giant Pfizer's infant nutrition business to expand its own global presence in the formula market. Mayer Brown, Skadden, Clifford Chance, and DLA Piper all have roles on the transaction.</p>


Covington Takes Lead on Pair of Health Care Deals as Sector Stays Hot

Posted on June 25, 2012
<p>Two transactions announced Monday--Thomson Reuters's $1.25 billion sale of its health care unit to a Veritas Capital affiliate, and AstraZeneca's $1.26 billion acquisition of Ardea Biosciences--generated assignments for Covington & Burling, Sullivan & Cromwell, and Paul Hastings...


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Fenwick, Covington Advise as Facebook Snags Chunk of AOL Patent Portfolio From Microsoft

Posted on June 25, 2012
<p>The social networking leader and the software giant turn to familiar firms for representation on a $550 million deal involving intellectual property assets.</p> <p>


D.C. Dewey Partner Heads to Allen & Overy

Posted on June 25, 2012
<p>Project finance partner Gregory Smith's departure for Allen & Overy pushes Dewey & LeBoeuf's partner losses so far this year to an even 70.</p> <p>


The Careerist: Latham & Watkins's Women Go Back to the Kitchen

Posted on June 25, 2012
<p>Will master classes in canap making help women in business development? Latham's London office seems to think so.</p> <p>


Dealmaker of the Week: Iain Wagstaff of Linklaters

Posted on June 25, 2012
<p>Wagstaff and fellow M&A partner Marc Loy, respectively, led the Linklaters teams in London and Paris advising multinational utility GDF Suez on its $10.8 billion acquisition of the stake in Britain's International Power that GDF does not already own...


Amid Bankruptcy Reports, Dewey Says It's Eyeing All Options; Greenberg Confirms Possible Interest

Posted on June 25, 2012
<p>The drama swirling around Dewey & LeBoeuf took a new turn Friday when Greenberg Traurig said it has had "preliminary discussions relating to lawyers at Dewey & LeBoeuf," but has "made no commitments" nor "reached agreements...


Incoming Dewey Associates in Limbo As Firm Weighs Restructuring Options

Posted on June 25, 2012
<p>Law students who spent last summer at Dewey & LeBoeuf and expected to begin working there this fall, as well as those who planned to spend the summer of 2012 at Dewey, are among those with a keen interest in the embattled firm's fate...


The Am Law Daily Has a New Home

Posted on May 04, 2012
If you're looking for news about the business of law as practiced by the biggest, wealthiest law firms in the United States and the rest of the world, and stories about the lawyers who work at those firms, please visit the newly redesigned Am Law Daily.


Linklaters, Herbert Smith Advise on $1.7 Billion Vodafone Deal

Posted on April 23, 2012
The British mobile phone service provider will acquire business telecommunications company Cable & Wireless Worldwide.


Mayer Brown Helps Nestle Whip Up $11.9 Billion Baby Formula Deal

Posted on April 23, 2012
Nestle will acquire pharmaceutical giant Pfizer's infant nutrition business to expand its own global presence in the formula market. Mayer Brown, Skadden, Clifford Chance, and DLA Piper all have roles on the transaction.


Covington Takes Lead on Pair of Health Care Deals as Sector Stays Hot

Posted on April 23, 2012
Two transactions announced Monday--Thomson Reuters's $1.25 billion sale of its health care unit to a Veritas Capital affiliate, and AstraZeneca's $1.26 billion acquisition of Ardea Biosciences--generated assignments for Covington & Burling, Sullivan & Cromwell, and Paul Hastings...


Fenwick, Covington Advise as Facebook Snags Chunk of AOL Patent Portfolio From Microsoft

Posted on April 23, 2012
The social networking leader and the software giant turn to familiar firms for representation on a $550 million deal involving intellectual property assets.


D.C. Dewey Partner Heads to Allen & Overy

Posted on April 23, 2012
Project finance partner Gregory Smith's departure for Allen & Overy pushes Dewey & LeBoeuf's partner losses so far this year to an even 70.


The Careerist: Latham & Watkins's Women Go Back to the Kitchen

Posted on April 23, 2012
Will master classes in canapé making help women in business development? Latham's London office seems to think so.


Dealmaker of the Week: Iain Wagstaff of Linklaters

Posted on April 22, 2012
Wagstaff and fellow M&A partner Marc Loy, respectively, led the Linklaters teams in London and Paris advising multinational utility GDF Suez on its $10.8 billion acquisition of the stake in Britain?s International Power that GDF does not already own.


Dewey Cites 'Options,' Greenberg Acknowledges Discussions, But is Bankruptcy Viable?

Posted on April 20, 2012
The drama swirling around Dewey & LeBoeuf took a new turn Friday when Greenberg Traurig said it has had "preliminary discussions relating to lawyers at Dewey & LeBoeuf," but had "made no commitments" or "reached agreements...


Incoming Dewey Associates in Limbo As Firm Weighs Restructuring Options

Posted on April 20, 2012
Law students who spent last summer at Dewey & LeBoeuf and expected to begin working there this fall, as well as those who planned to spend the summer of 2012 at Dewey, are among those with a keen interest in the embattled firm's fate.


The Churn: Lateral Moves and Promotions in The Am Law 200

Posted on April 20, 2012
A former Labor Department solicitor of labor joins O'Melveny & Myers; Littler Mendelson snags two partners from Seyfarth Shaw; and Sidley Austin hires a tax team from Arnold & Porter. The Churn is constant. Please send all announcements to thechurn@alm...


The Age-Old Problem of Age

Posted on April 20, 2012
"Old lawyers never die," and some refuse to fade away...


Six Am Law Firms Land Roles on GSK's $2.59 Billion Unsolicited Biotech Bid

Posted on April 19, 2012
Human Genome Sciences has rejected British pharmaceutical giant GlaxoSmithKline's takeover bid. Cleary and Wachtell are advising Glaxo, while Skadden and DLA are working with the target company.


Wachtell Helps CVR Energy Make Peace With Carl Icahn

Posted on April 19, 2012
Corporate raider Carl Icahn has reached an agreement with the management of CVR Energy under which the company will drop its poison pill provision, clearing the way for a potential $2.26 billion bid for the Sugar Land, Texas?based oil refiner.


As Partner Losses Near 70, Dewey's Troubles Spread Overseas

Posted on April 19, 2012
As the Dubai office packs up for Dechert and another New York partner leaves, attorneys in Dewey & LeBoeuf's Italy, Poland, and Russia offices attempt to combat rumors that they are also on the way out. Amid the swirl of problems, meanwhile, Dewey lawyers in the U...


Spring Office Openings on Tap for Several Firms

Posted on April 19, 2012
Dechert, Ogletree Deakins, Nelson Mullins, and British litigation shop Stewarts have all announced new offices within the past week, while Hogan Lovells continues to expand its presence in Asia through a network of alliances.


What the Numbers Don't Say: Law School Applicants Are Getting Older, Not Dumber

Posted on April 19, 2012
Citing recent news that fewer high-scoring LSAT takers are applying to law school, many observers have claimed that it's "smarter" people who are steering clear. Given that older applicants tend not to do as well on the test, it's more likely that young people are the ones opting out...


The Careerist: Women's Initiatives Are Big Distractions

Posted on April 19, 2012
Women aren't getting ahead because they're wasting too much time on women's initiatives, diversity, mentoring, and other soft programs, says Sallie Krawcheck.


Tallying Up the TARP-Related Legal Fees Racked up by Am Law Firms

Posted on April 18, 2012
While a recent report by Troubled Asset Relief Program inspector general Christy Romero didn't single out any specific firms for their work on the massive bailout program, it did serve as reminder that plenty of Am Law 100 and Second Hundred shops have reaped their share of fees for TARP assignments.


Cleary, S&C, Davis Polk on Hand as The Hartford Pays Back Allianz for '08 Rescue

Posted on April 18, 2012
Pressed by hedge fund billionaire John Paulson to split itself in two, The Hartford Financial Services Group has finalized a $2.43 billion deal to buy back outstanding warrants and subordinated debt held by German financial services giant Allianz, which rescued the insurer with a $2...


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