Mergers and Acquisitions
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In-House Counsel, Layoffs
Nationwide Layoff Watch: Mass In-House Layoffs After Mega-Merger
How many in-house counsel are expected to lose their jobs? -
Antitrust, Politics
Yes, No, Or Maybe? Did Aetna Threaten The DOJ Over Their Proposed Merger?
So did Aetna actually threaten the DOJ? - Sponsored
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use. -
Mergers and Acquisitions, Technology
This Week In Legal Tech: What Microsoft's Purchase Of LinkedIn Means For Lawyers
The combination contains great potential but also raises ethical and privacy concerns, according to Robert Ambrogi.
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Mergers and Acquisitions, Money, Wall Street
Finance And Law: A Missed Opportunity in M&A Deals?
For attorneys who work on mergers and acquisitions, regression forecasting is a great tool to use. -
Morning Docket
Morning Docket: 06.09.16
* Let’s just cut to the chase. You want to know what salary news you may have missed since you last checked in with us. Here’s the roster of movement news — good, bad, and indifferent — from yesterday: Cleary, Simpson, Holwell, Covington, Debevoise, Quinn Emanuel, Winston, SullCrom, Kirkland, Skadden, Freshfields, Cooley, Davis Polk. If you’re ever worried that you’ve missed any of our coverage, check out our omnibus 2016 salary page where we collect all these stories. [Above the Law / 2016 Salary Increase]
* Speaking of a firm that hasn’t announced salary changes yet — seamless transition! — Dentons is having to field some tough offshore tax scandal questions. That said, since they employ 4 out of 5 lawyers in the world things like this were inevitable. [Am Law Daily]
* Former Patriots TE Aaron Hernandez hires Casey Anthony’s lawyer, Jose Baez, and Thabo Sefolosha’s lawyer, Alex Spiro. No word on Hernandez and Baez’s fee arrangement. [Fox61]
* The Justice Department offers 6 tips for presenting your client’s merger to federal agencies. Being a top campaign bundler inadvertently left off the list. [National Law Journal]
* “Trump’s Terrifying Relationship With the Law.” It’s the bimbo he just can’t leave. [Rolling Stone]
* Dumb political reporting tries to make something out of an O’Melveny lawyer attending some Hillary events while working on the Trump University case. [Politico]
* If you need to get your white slippers of albino African endangered rhino back home, don’t book tickets on Delta. [Courthouse News Service]
* In New York, there’s new ethical guidance on advertising after changing firm names to reflect new partners. [Law360]
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Mergers and Acquisitions
In M&A News, Warren Buffett Interested In Yahoo Because Why Not At This Point
The Oracle of Omaha has had his interest piqued by whatever’s left of Marissa Mayer's company. -
Politics
Ted Cruz Joining Forces With Famed Merger Expert Carly Fiorina
Carly Fiorina is up for another job she'll never get. -
Marijuana
Marijuana M & A: The Valuation Question
Today, marijuana industry appraisals are more speculative than in other areas. This will change as markets mature and it will change dramatically when federal prohibition ends. - Sponsored
How Generative AI Will Improve Legal Service Delivery
Learn how emerging tools will likely change and enhance the work of lawyers for years to come in this new report. -
Biglaw, Headhunters / Recruiters, Lateral Moves, Partner Issues
Anatomy Of A Deal: The Backstory Behind Scott Barshay's Move From Cravath To Paul Weiss
How much might the responsible recruiter have earned for making this placement? -
Biglaw, Lateral Moves, Partner Issues
A Deeper Dive Into Scott Barshay's Move From Cravath To Paul Weiss
How major a move is this, and how much might he make at his new firm? -
Morning Docket
Morning Docket: 04.04.16
* “Say you’ll remember me, standing in a black robe, waiting for a hearing, babe. Begging the SJC, say you will confirm me, even if it’s just in my wildest dreams, ah-ha ohh.” SCOTUS nominee Judge Merrick Garland has something in common with an overwhelming number of teenage girls: he loves Taylor Swift sing-alongs. That’s cute! [People]
* “A judge does not check his First Amendment rights at the courthouse door.” Judge Olu Stevens has filed suit against the Kentucky Judicial Conduct Commission on free-speech grounds in an attempt to stave off an ethics sanction for publicly commenting on Facebook about all-white juries and their “disproportionate and disparate impact on black defendants.” [Courier-Journal]
* Hardly any partners leave Cravath, but a very important one just did, and his exit is making people talk. Scott Barshay, once a top M&A partner at the firm that tends to set the associate bonus scale, has defected to Paul Weiss, where he’ll become its global head of M&A. Which clients will he take to the “dream team”? [DealBook / New York Times]
* This plaintiff’s antitrust allegations against Uber’s CEO may be “wildly implausible” and representative of an “impossibly unwieldy conspiracy,” but in Judge Jed Rakoff’s eyes, they were enough to overcome a motion to dismiss that was filed by Boies Schiller. Something tells us Uber’s legal bills are going to see some surge-pricing. [WSJ Law Blog]
* Per a study by Ravel Law, in a new index that tracks federal judges by their rulings and subsequent citations to those rulings, Michigan produces the most influential judges on the federal bench, followed by Chicago, Harvard, and Yale. Harvard has finally gotten one over on Yale — but for a measly bronze trophy. [Crain’s Detroit Business]
* According to the Bureau of Labor Statistics, the legal sector gained 1,200 jobs in March. On top of that positive news, February’s numbers were revised from a loss of 1,500 jobs to a gain of 100 jobs. In any case, what with the huge discrepancy, we’re happy to see Dewey’s bookkeepers found new work. [Big Law Business / Bloomberg]
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Biglaw, Mergers and Acquisitions
Is Chicago Challenging New York For M&A Dominance?
Can the Windy City blow NYC out of its traditional top perch in M&A work? -
Morning Docket
Morning Docket: 02.02.16
* Carmen Electra filed a federal suit against a strip joint, alleging that the gentleman’s club defamed her by using a scantily clad picture of her without her prior consent, thereby insinuating that she removes her clothing for money there or otherwise endorses its sexy services. [New York Daily News]
* Happy anniversary to our favorite SCOTUS monk: If Justice Thomas sticks to his usual routine when the Supreme Court returns from its winter break, he’ll have officially gone a decade without asking a question from the bench. [New York Times]
* Aloha! Just one week after receiving a $25 million donation and changing the name of the school, Villanova University Charles Widger School of Law is losing its dean to Hawaii Pacific University, where he’ll serve as president. [Philadelphia Inquirer]
* DLA Piper recently acquired Peltonen LMR, a Helsinki firm, bringing its grand total of Nordic offices to three. Unlike in the past, we hope that this time DLA Piper knows what country its new office is located in. Pssst… it’s Finland. [Big Law Business / Bloomberg]
* If you’ve been waitlisted by the law school of your choice, we hope that you’re a particularly patient person, because you may be waiting to find out your academic fate until April, or worse yet, July. [Law Admissions Lowdown / U.S. News & World Report]
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Morning Docket
Morning Docket: 01.12.16
* Based on reading the oral-argument tea leaves, it sounds like the Supreme Court is about to school the teachers’ unions (and public-sector unions more generally). [How Appealing]
* Ring in the new year by making the register ring: a slew of Biglaw firms have secured (presumably lucrative) engagements working on the proposed $32 billion merger between drug makers Shire Plc and Baxalta Inc. [American Lawyer]
* By a vote of 82-6, and after a wait of more than 400 days, the Senate just confirmed Judge Luis Felipe Restrepo to the Third Circuit, making him the first Hispanic federal judge from Pennsylvania to sit on that court. [Associated Press]
* Good news for fantasy-sports fans: it’s not (yet) “game over” for DraftKings and FanDuel, thanks to a stay issued by a New York appellate court. [Bloomberg News]
* And bad news for student-loan-saddled law grads (like our own Shannon Achimalbe) who were hoping that SCOTUS might make it easier to discharge such debts through bankruptcy. [Wall Street Journal via ABA Journal]
* Does Sean Penn face legal risk for his interview of El Chapo, the infamous Mexican drug lord? [ABA Journal]
* A former federal prosecutor just secured a six-figure settlement and reinstatement from the Justice Department. [National Law Journal]
* U.S. Attorney Preet Bharara — who came so, so close to winning Lawyer of the Year honors — announced that Governor Mario Cuomo is off the legal hook for his controversial shutdown of the Moreland Commission, a panel aimed at investigating public corruption. [Law360]
* Avvo is starting to roll out a service featuring fixed-fee, limited-scope legal services through a network of attorneys (and Bob Ambrogi has the scoop). [Law Sites]
* Professor Peter J. Henning explores the implications of the end of the government case against hedge fund magnate Steve Cohen. [DealBook / New York Times]
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Mergers and Acquisitions, Technology
alt.legal: eDiscovery Too Big To Fail?
Consolidation is the name of the game in eDiscovery right now, and free-flowing capital enabled investors to look at making quick plays in the largely fragmented industry. -
LexisNexis / Lexis-Nexis, Technology
Lex Machina Enhances Patent Litigation Analytics And Microsoft Simplifies OneDrive Access
Legal technology columnist Sean Doherty shares notable news from LexisNexis and from Microsoft. -
LexisNexis / Lexis-Nexis, Mergers and Acquisitions, Technology
LexisNexis Acquires 'Legal Analytics': Lex Machina
Legal technology columnist Sean Doherty analyzes LexisNexis's acquisition of legal analytics provider Lex Machina. -
Biglaw, Canada
The View From Up North: Another Look At The Seven Sisters vs. The Internationals
How are international firms doing in comparison with the Seven Sisters when it comes to handling major transactions? -
Morning Docket
Morning Docket: 09.17.15
* If you’re unsatisfied with your current income-based loan repayment plan, wait until you see what the government has in store for you with its Revised Pay As You Earn plan. Here’s a hint: more pain, more tears, and more anger. [Am Law Daily]
* If you haven’t heard, SABMiller will likely be getting taken over by Anheuser-Busch InBev NV in a “mega-beer merger.” Sadly for Hogan Lovells, SABMiller tossed the firm out like a skunked beer in favor of representation by Linklaters. [WSJ Law Blog]
* Rather than poaching lawyers from other local firms, Jones Day is trying to grow its Detroit office by calling home Michigan attorneys who expatriated from the state. No offense to the firm, but these people probably left for a reason. [Crain’s Detroit Business]
* Slowly but surely, results from the July 2015 administration of the bar exam are being released. Duke Law did best in North Carolina, where the overall combined pass rate for all takers was 69.4 percent (down from 75 percent last year). [Triangle Business Journal]
* With hours to spare, Richard Glossip — a man you may know from the Glossip v. Gross case that was before SCOTUS — was able to secure a last minute stay of execution. An Oklahoma appeals court has given him two more weeks to live. [New York Times]
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Morning Docket
Morning Docket: 08.03.15
* According to this former Supreme Court clerk, Justice Scalia’s judicial zingers are just like porn in that they’re “titillating, but over time they coarsen the culture of which they are a part.” (Plus, for what it’s worth, the jurist’s audience usually never gets a money shot.) [Washington Post]
* Better late than never? The ABA dropped the hammer on law schools trying to game their employment stats with a new rule that’ll force them to report school-funded jobs as part-time unless certain length and salary reqs are met. [WSJ Law Blog]
* The largest of D.C.’s largest law firms grew even larger over the past year, and thanks to a merger, an outsider firm — Morgan Lewis — managed to infiltrate the capital’s Big Four. Sorry, WilmerHale, but maybe 2016 will be your comeback year. [National Law Journal]
* In other ABA news, the Section of Legal Education and Admissions to the Bar rejected a plea for academic credit for paid externships, because we apparently want to keep students as indebted as possible before they begin their professional legal careers. [ABA Journal]
* A judge dismissed a lawsuit filed by Richard Lee, a known conspiracy theorist, who sought the release of the Seattle police department’s death-scene photographs from Nirvana star Kurt Cobain’s suicide. Hey! Wait! He’ll file a new complaint. [Seattle Times]