Mergers and Acquisitions
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Legal Ethics, Mergers and Acquisitions
Cravath in Ménage à Trois with Industrial Gas Suppliers
Industrial gas supplier Airgas has sued its former law firm, Cravath, Swaine & Moore, alleging conflict of interest and breach of fiduciary duty. Airgas wants Cravath booted from representing an Airgas rival, Air Products, in a $5.1 billion hostile bid for Airgas. Yesterday a Pennsylvania state court judge denied Airgas’s request for a temporary restraining […] -
Banking Law, Biglaw, Cars, H. Rodgin Cohen, Mergers and Acquisitions, Money, Partner Issues
Breaking: Rodge Cohen Drives a Subaru!
That’s the most shocking revelation in an interesting New York Times profile of H. Rodgin Cohen, the nation’s top banking M&A lawyer and chairman of the venerable Sullivan & Cromwell. From the NYT: After [Cohen and his wife Barbara] had paid their [restaurant] check, they went to fetch the car, and Mr. Cohen, a Boston […] - Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Hogan & Hartson, Law Firm Mergers, Lovells, Mergers and Acquisitions, United Kingdom / Great Britain
Law Firm Merger Mania: Lovells and Hogan & Hartson Talks Still on Track
Earlier this month, we mentioned that Hogan & Hartson and London-based Lovells were in “early stages of merger talks.” Today brings the news that the firms are in “advanced talks to merge,” according to Nathan Koppel of the Wall Street Journal. But it’s not a done deal yet: One of the biggest challenges to a […]
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Banking Law, Federal Government, Mergers and Acquisitions, Wall Street
Is Wachtell in Trouble For Being Good Lawyers?
The general public really doesn’t understand what top-flight counsel does for their corporate clients. If they did, the pitchforks and torches crowd would be as angry at Wall Street lawyers as they are at Wall Street bankers. Friday’s “revelation” about the advice given to Bank of America by Wachtell Lipton illustrates the point. Am Law […] -
Mergers and Acquisitions, Musical Chairs
Musical Shockwaves Chairs: Skadden Rainmakers Defect to Kirkland & Ellis
When the New York Times stands up and takes note of law firm partner defections, you know you are talking about the kinds of people who are capable of making rain in the Kalahari: David Fox and Daniel E. Wolf, two top partners at the New York law firm of Skadden, Arps, Slate, Meagher & […] -
Bankruptcy, Mergers and Acquisitions, Wall Street
A Silver Lining to the Wall Street Cloud: More Work for Lawyers (at Shearman, Sullivan, Wachtell, Weil, etc.)
In case you hadn’t heard, Wall Street is in meltdown mode right now. Our colleagues over at Dealbreaker have been working over the weekend and around the clock to cover all the latest developments. Here are the two big stories from the financial world. First, the top-level parent company of Lehman Brothers, Lehman Brothers Holdings […] -
Bear Stearns, Mergers and Acquisitions, Screw-Ups, Wall Street
Wachtell Lipton: Fallible After All?
As we can see from the comments, you’re already all over this NYT story. We linked to it in Morning Docket, but here’s a little more. Andrew Ross Sorkin writes: JPMorgan and Bear were prompted to renegotiate after shareholders began threatening to block the deal and it emerged that several “mistakes” were included in the […] -
Bad Ideas, Drugs, Mergers and Acquisitions, Morning Docket, Murder, Police, Politics, Prostitution
Morning Docket: 01.31.08
* New accounting rules for M&A. [DealBook] * Lilly contemplates $1 billion payment to settle civil and criminal investigations relating to its marketing of Zyprexa. [New York Times] * NYPD officer accused of pimping child. [MSNBC] * Ex-priest jailed for murder via exorcism. [CNN] * Indiana man arrested for making his own crosswalk. [The Indy […]
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Biglaw, Law Firm Mergers, Law Firm Names, Mergers and Acquisitions
Law Firm Merger Mania: K&L Gates + Hughes & Luce
The combined firm will have over 1,500 lawyers in 23 offices. It will “employ the K&L Gates brand and have the legal name of Kirkpatrick & Lockhart Preston Gates Ellis LLP.” Press release here. Update: Some commentary from an inside source, after the jump. K&L Gates, Hughes & Luce Partners Vote to Combine Firms Effective […] -
Advertising, Job of the Week, Job Searches, Media and Journalism, Mergers and Acquisitions, Shameless Plugs
Job of the Week
Here is the latest Job of the Week, courtesy of ATL’s career partner, Lateral Link. To refresh your recollection: “Because Lateral Link does no cold-calling and is more efficient than traditional recruiting firms, successful candidates receive $10,000 upon placement.” Position: M&A Associate (Media) Description: This highly sought after media and advertising law firm is seeking […] -
Mergers and Acquisitions, New York Times, Shameless Plugs
Attention Young Legal Deal Makers: Did You Make the Cut?
The excellent DealBook Special Section, in today’s New York Times, has a piece by Andrew Ross Sorkin that the New York deal lawyers among you will love. It’s entitled The Facebook of Wall Street’s Future: Here is a snapshot of more than 100 people who make up the next generation of deal makers, everyone 40 […] -
Biglaw, Hedge Funds / Private Equity, Media and Journalism, Mergers and Acquisitions, Money, New York Times, Private Equity, Shameless Plugs, Wall Street
For M&A Lawyers, Is the Premium Party Over?
As some of you have noticed, we have an article in today’s New York Times, in the DealBook Special Section. It’s about fee arrangements in the (highly lucrative) context of mergers-and-acquisitions work. Here’s a teaser: For some firms, billable hours are just the beginning. As the boom rolled on, law firms specializing in mergers and […] -
Blogging, Martin Lipton, Mergers and Acquisitions, Weirdness
The Marty Lipton Fan Blog
We should have written about this earlier — in fact, weeks earlier, since it has been up since early August. But sometimes things fall through the cracks, emails get caught in our spam filter, etc. Anyway, better late than never. From a helpful reader: check out this blog. it’s sort of a one trick pony, […]
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The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get…
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Biglaw, Law Firm Mergers, Mergers and Acquisitions, White & Case
Law Firm Merger Mania: White & Case to Acquire Moore & Van Allen?
Here’s some law firm merger scuttlebutt that’s making the rounds: Rumor is that White & Case is acquiring Moore & Van Allen, a native Charlotte firm with a national syndicated finance practice. Any truth to this? We reached out to both firms for comment. A White & Case spokesperson issued this statement: “We do not […] -
Biglaw, Dewey Ballantine, Dewy Orifice, Law Firm Mergers, Law Firm Names, LeBoeuf Lamb, Mergers and Acquisitions
Law Firm Merger Mania: Dewey LeBoeuf? (You Heard It Here First)
People in the offices of both Dewey Ballantine and LeBoeuf Lamb have been gossiping about a possible merger between their firms. Here’s some circumstantial evidence in support of the rumors. If you go to Whois.Net and enter the domain name DeweyLeBoeuf.com, you get this info: We have a call and an email in to Michael […] -
Biglaw, Harriet Miers, Law Firm Mergers, Locke Liddell & Sapp, Lord, Bissell & Brook, Mergers and Acquisitions, Partner Profits
Law Firm Merger Mania: Locke Liddell + Lord Bissell
The latest Biglaw combination brings together more “L”s than you can shake a stick at. From the Texas Lawyer: Locke Liddell & Sapp, based in Houston and Dallas, and Chicago-based Lord, Bissell & Brook have agreed to merge, and will form a 700-lawyer firm named Locke Lord Bissell & Liddell. Hmm, that’s a mouthful — […] -
Biglaw, Martin Lipton, Mergers and Acquisitions
Musical Chairs: Wachtell Lipton Snags a Paul Weiss Partner
Here’s some news about an unusual move at our former employer, Wachtell Lipton Rosen & Katz (at right: founding partner Marty Lipton). From the American Lawyer (via the WSJ Law Blog): After losing two partners in recent months, Wachtell Lipton has quietly hired Michael Segal, the former cohead of executive compensation and benefits at Paul, […] -
Advertising, Fast Food, Intellectual Property, Mergers and Acquisitions, Music, Non-Sequiturs, Nude Dancing, Perverts, Religion
Non-Sequiturs: 02.20.07
* Filet-O-Fish creator never got a dime off his religion-inspired fish sandwich, yet remains grateful for all he did achieve. That is the spirit of Lent (which starts tomorrow!). [Cincinnati Enquirer] * No one disses Nike. [The Guardian] * Inventor of the Electric Slide says Teri Hatcher is doing it all wrong. [MSN Technology via […] -
Abortion, Crime, Drugs, Education / Schools, Food, Kids, Mergers and Acquisitions, Non-Sequiturs, Sexual Harassment, Television
Non-Sequiturs: 01.18.07
* Another high-profile discrimination case, but this time in the world of haute cuisine. Daniel Boulud’s defense? He’s an immigrant himself — we bet the whole “Freedom Fries” anti-French sentiment really hurt. [New York Times] * A gentleman should not be required to excuse himself for European civility. [AP via Lowering the Bar] * I […] -
Aaron Charney, Biglaw, Cheapness, Gay, Mergers and Acquisitions, Money
Charney v. Sullivan & Cromwell: Hiring S&C Ain't Cheap
After we posted the press release recognizing the Sullivan & Cromwell and Kaye Scholer lawyers who worked on the recent Onex / Kodak Health Group transaction, one of you pointed out: Respectfully, you missed the lede in the Kodak post. Read Exhibit C to the Charney Complaint (PDF) re: Kodak’s complaints regarding fees and overstaffing. […]