Deals Update: NYSE, Deutsche Börse Collapses; Roche Names Nominees to Illumina Board
Proskauer, Willkie Advise on Ares's AREA Property Buy
Proskauer Rose's big week in the real estate space continued on Friday as the firm grabbed a role advising investment firm Ares Management on its bid to acquire AREA Property Partners's $6 billion in assets. Proskauer is also handling the $1 billion sale of two Manhattan skyscrapers, as well as a $220 million stadium naming rights agreement involving the National Football League's San Francisco 49ers.The Churn: Lateral Moves in The Am Law 200
Dorsey & Whitney launches a patent practice in its Salt Lake City office; Jones Day's Shanghai office expands by two; and Pepper Hamilton's Los Angeles health care practice adds five new attorneys. The Churn is constant. Please send all announcements and news releases to [email protected].Thorp Reed in Merger Talks With Detroit Firm Clark Hill, Sources Say
Pittsburgh-based Thorp Reed & Armstrong is in merger talks with Detroit-based Clark Hill, according to several sources across the Pennsylvania legal community.Dewey: When Partners Aren't Really Partners
Leaders of other firms could benefit from assessing how their institutions are similar to what Dewey & LeBoeuf became after the 2007 merger that created it.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."Trending Stories
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