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Cleary, Clifford Chance Grab Roles on $3 Billion in Bank Asset Sales
Why do mergers die? It's like dating.
Failed law firm mergers are common, but reports of unsuccessful pairings have been particularly prominent in recent weeks. Firms point to conflicts of interests, cumbersome retirement plans and incompatible business structures as recent deal-breakers. But while money and ethical matters can present significant relationship baggage, the reasons for scrapped plans tend to run much deeper, say those who have gone through the process and come out on the other side. "It's like dating," said Michael LoVallo, whose former firm Sachnoff & Weaver merged with Reed Smith last year. "You identify somebody as a possibility and you try to imagine what it's going to be like living with that person."The Churn: Lateral Moves and Promotions in The Am Law 200
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.With Lateral Hires from K&L Gates, Winston, Sheppard Mullin Launches in Chicago
Less than two months after fellow Am Law 100 firm Dechert entered the Chicago market, Sheppard, Mullin, Richter & Hampton is opening its own Windy City office with the addition of five attorneys from K&L Gates and one from Winston & Strawn.High-Profile International Assignments a Boon to Some Firms
In the last full week of August, firms like Dorsey & Whitney, Orrick, and Sidley Austin picked up significant pieces of work in the global arena.Cerberus Turns to Lowenstein Lawyer for Potential Bushmaster Sale
Robert Minion, chair of Lowenstein Sandler's investment management group, is advising Cerberus Capital Management on the private equity giant's possible sale of Freedom Group, a collection of firearms makers whose products include the semiautomatic Bushmaster rifle used in the school shooting in Newtown, Connecticut, which left 26 people, including 20 children, dead last December.Three Firms Tune in for Tribune's $2.7 Billion TV Deal
Continuing the television broadcasting industry's consolidation trend, Tribune Company said Monday that it has agreed to buy 19 television stations from Local TV Holdings for $2.73 billion in cash. Debevoise, Covington, and Dow Lohnes all landed roles on the transaction.Trending Stories
- 1Public Notices/Calendars
- 2Wednesday Newspaper
- 3Decision of the Day: Qui Tam Relators Do Not Plausibly Claim Firm Avoided Tax Obligations Through Visa Applications, Circuit Finds
- 4Judicial Ethics Opinion 24-116
- 5Big Law Firms Sheppard Mullin, Morgan Lewis and Baker Botts Add Partners in Houston
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