Asia Deal Digest: May 10, 2012
* Linklaters, Weil Gotshal fill up on Chinese Weetabix deal* Herbert Smith unites a Japanese coffee company with a Swiss counterpart* Allen & Overy Helps a Philippine casino operator hit a financing jackpotMagic Circle Firms Take Lead on Latest ING Sell-Off
Linklaters and Freshfields Bruckhaus Deringer have grabbed roles on the latest divestiture by Dutch financial services giant ING Groep, which announced Tuesday that it will sell a British savings and loan unit to Barclays.Forecast: Law Firms to Continue Bumpy Ride Through 2008
Preliminary financial information for 2008 suggests this will be the worst year for law firms since 2001, and perhaps since the early '90s, writes Dan DiPietro, client head of the Law Firm Group at Citi Private Bank. And the data for the first half of 2008 -- gathered from 75 Am Law 100 firms, 55 Second Hundred firms and 35 smaller firms -- shows that top-tier and international firms have been hardest hit. How can firms manage the slump? DiPietro offers some ideas, starting with associate bonuses.Did End of Missouri Malpractice Case Feed Dewey's Money Woes?
The answer to that question is hard to come by given that just as the firm dove into what proved to be its death spiral, it settled the $3 billion lawsuit brought by Show Me State regulators for a sum that remains shrouded in secrecy.Discrimination Suit Against Mayer Brown Can Proceed, Judge Rules
Gone to the Mattresses: Three Am Law Firms Advise on Tempur-Pedic's $1.3 Billion Sealy Deal
Bingham, Simpson Thacher, and Blank Rome all landed roles on the deal, which includes more than $1 billion in assumed debt and marks the mattress-making industry's second big deal in recent months.Distractions Aside, Cravath's M&A Engine Keeps Humming
Despite seeing a rising star leave and a former top rainmaker opt to join a rival Am Law 100 firm, Cravath, Swaine & Moore's storied M&A practice is on a hot streak of late, taking on key transactional roles for clients Archer Daniels Midland, Lagardere, Life Technologies, Lindsay Goldberg, and Lender Processing Services.The Churn: Lateral Moves and Promotions in The Am Law 200
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