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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

Clifford Chance, DLA Look to New Asian Locales

Posted on March 24, 2011
Magic Circle firm Clifford Chance is eyeing an office in South Korea after the country opens its legal market later this summer, while DLA Piper has entered into an alliance in Mongolia.

Jones Day Takes on Six More Former Howrey Partners

Posted on March 24, 2011
The firm welcomes the former heads of Howrey's trademark and insurance recovery practices, and the comanaging partner of the now-defunct firm's offices in Southern California, along with three other partners, while Bracewell & Giuliani grabs a former securities litigation and white-collar defense cochair.

Bingham, Touched for the Very First Time...by Madonna

Posted on March 23, 2011
The firm is advising Raising Malawai, a charity founded by Madonna, on corporate, tax, IP, and employment work. The assignment came about after the pop icon began a restructuring of the organization's operations earlier this year.

Federal Judge Denies Bid by 10 Firms Appealing Coudert Proceedings

Posted on March 23, 2011
A U.S. district court judge in Manhattan has blocked a bid by 10 Am Law 200 firms seeking an interlocutory appeal of adversary proceedings initiated by the administrator for the bankruptcy estate of defunct international law firm Coudert Brothers.

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Five Firms Score Work on Trio of Energy Deals

Posted on March 23, 2011
Louis Dreyfus Highbridge Energy, a leading merchant energy company, plans to sell pipeline and natural gas assets for $1.9 billion, and BP's divestitures continue with the $575 million sale of a natural gas processing plant.

Wachtell, Slaughter and May Advise on Colgate-Unilever Double Deal

Posted on March 23, 2011
The two companies agreed to a partial asset swap, as Colgate will pay almost $1 billion for Unilever's Sanex personal care unit; Unilever will acquire Colgate's Colombian laundry detergent business.

It's Official: Latham & Watkins Launches in Boston

Posted on March 23, 2011
Weeks after reports of a new office emerged, Latham has officially announced its Boston opening. The firm's newest outpost launches with seven lateral hires, including Philip Rossetti joining from Wilmer as the office's managing partner.

Three Firms Advising on GM's Sale of Ally Financial Preferred Shares

Posted on March 23, 2011
General Motors is selling all of its preferred shares in Ally Financial, formerly known as GMAC, through a $1 billion offering. The Detroit-based automaker will retain a 9.9 percent stake in Ally, whose majority owner remains the U.S. government after a financial crisis bailout two years ago.

As Nuclear Fears Recede, Firms Optimistic about Japan Disaster's Economic Impact

Posted on March 23, 2011
As fears of a nuclear catastrophe in Japan recede, international law firms in Asia are turning their focus from immediate health and safety issues to the long-term economic impact of the 9.0 magnitude earthquake and tsunami that hit Japan on March 11.

Judge Chin Rejects Google Digital Library Settlement

Posted on March 22, 2011
Objectors to the settlement--which would have permitted the digitization of millions of books and granted copyright holders a share of Google's revenue--ultimately convinced Judge Chin the settlement wasn't "fair, adequate, and reasonable."

Howrey Refugee Billy Martin Lands at Dorsey & Whitney

Posted on March 22, 2011
William "Billy" Martin, the high-profile litigator who has represented Michael Vick and Monica Lewinsky, is joining Dorsey & Whitney's trial practice following the dissolution of Howrey.

Michele Roberts Jumps From Akin to Skadden

Posted on March 22, 2011
The seasoned litigator will join the Washington, D.C. office of Skadden on Wednesday.

Reporting Changes in Law School Accreditation Standards Urged

Posted on March 22, 2011
Proposed changes to the American Bar Association's law school accreditation standards would affect graduate employment data reporting, law school tenure systems, and long-distance students.

The Bankruptcy Files: Resorts, Furnishings, and Restaurants

Posted on March 22, 2011
It's been a quiet month for business bankruptcies. But several firms landed work on midsize cases, while other large filings loom.

Bethenny Frankel Taps Sheppard Mullin for Skinnygirl Sale

Posted on March 22, 2011
The firm advised Frankel, a chef and reality TV star, on the sale of her Skinnygirl cocktail brand to Beam Global Spirits & Wines.

Fenwick on Two Internet Deals: Facebook and Shutterfly Purchases

Posted on March 22, 2011
Fenwick & West is representing Facebook in its acquisition of mobile application developer Snaptu, and Tiny Prints in its $333 million sale to online photo-sharing service Shutterfly. Morrison & Foerster is advising Shutterfly.

Shale Goes Global: K&L Gates Snags Role on $1.8 Billion Jordan Deal

Posted on March 22, 2011
Karak International Oil has signed a 30-year agreement with the government of Jordan to explore for energy resources in the country's large shale formation. K&L Gates and British firm Trowers & Hamlins are advising on the deal.

Five Firms Take Lead on Liberty Global's $5 Billion German Cable Buy

Posted on March 22, 2011
Freshfields Bruckhaus Deringer, Ropes & Gray, Cravath, Clifford Chance, and Hengeler Mueller are advising as John Malone's Liberty Cable bids for Germany's third-largest cable operator.

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

Posted on March 21, 2011
Cozen O'Connor adds to its China practice, Edwards Angell continues growing in London, and Morrison & Foerster brings on a former commissioner of the California Public Utilities Commission. Plus: Baker Botts, Dewey, and Fulbright & Jaworski add Howrey lawyers to their ranks...

Mets Owners Respond to Picard's Amended $1 Billion Complaint

Posted on March 21, 2011
The Wilpons and Katzes say their long involvement with Bernie Madoff was an innocent mistake, and the bankruptcy trustee has misrepresented the evidence to suggest otherwise.

Akin Gump, Vinson Advise on $1.55 Billion Texas Shale Sale

Posted on March 21, 2011
Anadarko Petroleum has sold one-third of its Eagle Ford shale assets to a subsidiary of the Korea National Oil Corporation--the second-largest purchase of U.S. oil and natural gas fields this year.

Colleagues Reflect on Warren Christopher's O'Melveny Career

Posted on March 21, 2011
Days removed from his March 18 death at age 85, Warren Christopher's O'Melveny & Myers colleagues remembered him as a consensus-builder with a vision for expanding the firm overseas.

The Careerist: Are You a Brand or Generic?

Posted on March 21, 2011
How looks affect your personal brand.

Kirkland, Simpson Thacher on Schwab's OptionsXpress Purchase

Posted on March 21, 2011
The independent broker has agreed to pay roughly $1 billion in an all-stock deal for optionsXpress, a Chicago-based online options trading company.

O'Melveny, Cravath Advise on Proposed Apollo IPO

Posted on March 21, 2011
A plan to go public on the NYSE--originally announced in April 2008 and then postponed due to the financial crisis--seems set to resume. The New York-based private equity shop again has turned to O'Melveny & Myers for outside counsel, according to an SEC filing.

Five Firms Get Call for AT&T/T-Mobile Antitrust, Regulatory Work

Posted on March 21, 2011
Wiley Rein, WilmerHale, Cleary Gottlieb, Crowell & Moring, and Arnold & Porter are advising on regulatory and antitrust aspects of AT&T's proposed $39 billion acquisition of Deutsche Telekom's T-Mobile USA unit--a deal that figures to receive close scrutiny from U...

S&C, Wachtell Lead on AT&T's $39 Billion T-Mobile USA Acquisition

Posted on March 20, 2011
March madness wasn't confined to college basketball this weekend. AT&T announced that it will pay $39 billion to acquire T-Mobile USA from Deutsche Telekom in a deal that would create the largest cellular phone carrier in the United States.

Dealmaker of the Week: Mary Ann Todd of Munger, Tolles & Olson

Posted on March 18, 2011
Todd co-led a team advising longtime client Berkshire Hathaway, Inc., on its $9 billion acquisition of chemicals company The Lubrizol Corporation.

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

Posted on March 18, 2011
Edwards Angell's environmental litigation cochair joins Day Pitney; Curtis Mallet adds two New York partners; and a former U.S. representative heads to Holland & Knight. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

The Am Law 100: Jackson Lewis' Revenue, Profits Rise

Posted on March 18, 2011
The labor and employment firm has seen significant increases in gross revenue throughout the recession, while expansion costs and a rising head count have minimized growth in average distribution.

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