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Legal News

The AM Law Daily

Daily legal news from American Lawyer magazine.
By American Lawyer

Post Frequency: 9.5/day

Last Entry: March 30, 2011 at 21:00:00

Canadian Firms Leading on $4.9B Hostile Mining Bid

Posted on March 01, 2011
Osler and Blakes are advising on a hostile bid by Equinox Minerals for Lundin Mining. The deal seeks to scuttle Lundin's $9 billion merger of equals with Inmet.

Six Firms Advise on $2.4B Health Care REIT Deal

Posted on March 01, 2011
Skadden, which advised on two other large real estate deals on Monday, was one of three firms serving as counsel for Genesis HealthCare on its sale of $2.4 billion in properties to Health Care REIT.

Norton Rose: Taking on the World

Posted on March 01, 2011
In just over a year, Norton Rose's Peter Martyr has crafted ambitious tie-ups in Australia, Canada, and South Africa. Next stop, America. From the March 2011 Issue of The American Lawyer

Howrey Loses Corporate Chair and Antitrust Partner in D.C.; Insurance Recovery Cochair in Chicago; Three More in Europe

Posted on March 01, 2011
Three partners from Howrey's European antitrust practice have decamped for Kirkland & Ellis and Morrison & Foerster. In Washington, D.C., antitrust partner C. Scott Hataway is leaving for Paul Hastings and corporate practice chair and firm general counsel Roger Klein is headed to Sheppard, Mullin, Richter & Hampton...

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The Global Lawyer: Analyzing Chevron's Endgame in Ecuador

Posted on March 01, 2011
What advantage does Chevron gain from simultaneously trying to get an $8 billion verdict nullified in both a RICO action and an international treaty arbitration?

Behind the Arrival of DLA's $5 Million Man

Posted on February 28, 2011
A closer look at DLA's hiring of former Paul Hastings partner James Wareham.

The Careerist: Never Let Them See You Cry

Posted on February 28, 2011
On the other hand, showing a softer side can't hurt. Some dos and don'ts for law firm leaders.

Cleary Leads on Triton Acquisition, Cement Joint Venture

Posted on February 28, 2011
The firm is advising Warburg Pincus and Vestar Capital Partners on its acquisition of Triton Container International and French industrial company Lafarge on a joint venture with Anglo American.

The Am Law 100: Shearman Revenues, Profits Dip on Low Collections

Posted on February 28, 2011
Revenues and average profits per partner dropped 8 percent in 2010, but billable hours and RPL held steady.

Winston's Delicate Dance

Posted on February 28, 2011
As they reportedly vote on whether to absorb a substantial number of Howrey attorneys, Winston & Strawn partners have plenty to weigh in terms of the legal and financial complications that can ensue when a healthy law firm takes on the assets of one that is failing...

Simpson Thacher, Skadden Advise on Blackstone's Mall Buy

Posted on February 28, 2011
The private equity firm agreed to pay $9.4 billion for U.S. shopping centers owned by debt-ridden Australian mall operator Centro Properties Group.

The Schools the Big Firms Love: U of Chicago, Harvard

Posted on February 28, 2011
University of Chicago Law School ranked highest for percentage of 2010 graduates who ended up at the 250 largest firms, The National Law Journal reports.

Skadden, Wachtell Lead on Ventas' $7.4 Billion REIT Buy

Posted on February 28, 2011
Real estate investment trust Ventas plans to acquire Nationwide Health Properties Group for $7.4 billion in stock and assumed debt. The merger will create the largest health care REIT in the country.

The Asian Lawyer: A Huawei Backlash Brewing?

Posted on February 28, 2011
China's introduction of a national security review for foreign acquisitions looks like payback for blocked Chinese investments abroad. It may ultimately hit foreign law firms harder than their clients.

SNR Denton Co-CEO to Take On New Integration Role

Posted on February 28, 2011
Howard Morris will relocate to New York to focus on post-merger practice and client integration across the trans-Atlantic firm's 59 international offices.

Hourly Rates, Taxpayer Dollars, and Citizen Outrage

Posted on February 25, 2011
For a long time, big law's high-flying hourly rates flew under popular radar screens. Not anymore.

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

Posted on February 25, 2011
Debevoise adds Niping Wu to its Shanghai office; a former FCC official joins Mayer Brown; and Sheppard Mullin expands its entertainment practice. The Churn is constant. Please send all announcements and news releases to thechurn@alm.com.

Barnes & Thornburg Opens in L.A. With Team From Akin Gump

Posted on February 25, 2011
The Midwest firm snagged five partners from Akin Gump as it enters the West Coast market for the first time.

The Am Law 100: For Paul Weiss, No Credit Crisis Doldrums

Posted on February 25, 2011
The firm's average profits per partner jumped 13 percent last year, as did gross revenue. Firm chairman Brad Karp says it was an "extraordinary year" across all practice areas.

U.S. Firms Step Up Partner Hires in London

Posted on February 25, 2011
An annual survey from LegalWeek finds that U.S. firms last year added the largest number of London partners since 2006.

The Am Law 100: Gibson Dunn's Record-Setting Year

Posted on February 25, 2011
For Gibson, Dunn & Crutcher, 2010 wasn't as much about recovery as it was about setting new financial benchmarks as profits per partner and overall revenue reached historic highs.

Legal Fees Pile Up In Recession's Biggest Bankruptcies

Posted on February 25, 2011
The recession produced some mammoth corporate bankruptcies, and the legal fees they've generated are just as impressive.

Dealmaker of the Week: C. Ray Lees of Commercial Law Group

Posted on February 25, 2011
Lees's team from the 11-attorney, Oklahoma City-based firm Commercial Law Group P.C., led the way for Chesapeake Energy Corporation on the sale of its Arkansas shale assets to BHP Billiton.

Madoff Trustee Sues SEC Lawyer

Posted on February 24, 2011
The SEC's top lawyer tells Corporate Counsel, "we'll respond and do the right thing," after he's sued over allegations his family's estate wrongfully received over $1.5 million in phony profits from Bernard Madoff's massive fraud.

The Am Law 100: Sun Shines on Florida Firms

Posted on February 24, 2011
Rebounding from a down year in 2009, Greenberg Traurig and Holland & Knight both saw revenues rise in 2010--with Greenberg enjoying its best year ever, according to sibling publication the Daily Business Review.

Q&A: Paul Weiss Partner on the Future of DOMA

Posted on February 24, 2011
On the heels of President Obama's decision not to defend the constitutionality of Section 3 of the Defense of Marriage Act in two pending lawsuits, Roberta Kaplan, a litigation partner at Paul Weiss and the lead attorney in one of the suits, discusses what the decisions means for her case and the future of DOMA.

The Careerist: All Boys, No Men

Posted on February 24, 2011
Is the supply of decent, marginally mature men hitting rock bottom?

Hacked E-Mail Release Spurs Ethics Complaint Against Hunton Partners

Posted on February 24, 2011
Filed with the D.C. Bar by a group critical of the U.S. Chamber of Commerce, the complaint focuses on what role the Hunton & Williams lawyers may have played in a plan by three security companies to use covert operations in a bid to undercut labor activists.

WilmerHale, Shearman on $740 Million Diagnostics Sale

Posted on February 24, 2011
Thermo Fisher Scientific agreed to sell its Athena business to Quest Diagnostics.

Orrick Recruits Paul Hastings Litigators in Toyko

Posted on February 23, 2011
Yoshihiro Takatori will chair a Japan litigation practice for Orrick. His practice focuses on intellectual property, product liability, and antitrust disputes. Shinsune Yakura also joins Orrick as counsel.

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