Brian Baxter

January 23, 2014 | The American Lawyer

Longtime Cravath, Swaine & Moore client IBM announced Thursday that it has agreed to sell its low-end server unit to Beijing-based Lenovo Group, the world's largest personal computer maker, for $2.3 billion.

By Brian Baxter

5 minute read

January 22, 2014 | Law.com

The Am Law Daily tallies how much Am Law 200 firms are earning on a variety of engagements, from a Goodwin Procter partner serving as Apple's court-appointed monitor to Robins Kaplan's representation in a card-swipe class action to a Winston & Strawn partner's move in-house with a longtime client.

By Brian Baxter

8 minute read

January 22, 2014 | New York Law Journal

Almost a decade after opening on Columbus Circle across from the southwestern edge of New York City's Central Park, the Time Warner Center is set to be sold by its namesake inhabitant to an investor group that helped construct the 55-story edifice.

By Brian Baxter

6 minute read

January 21, 2014 | The American Lawyer

McGuireWoods is advising Freedom Industries, the company responsible for a recent chemical spill that prompted drinking water bans that affected 300,000 West Virginians, on its Chapter 11 filing. Meanwhile, Skadden and Kirkland are dominating the market on bankruptcy work amid a dearth of large filings and the latter is among the Am Law 100 firms handling out-of-court restructurings for clients like Altegrity, Brookstone and M*Modal.

By Brian Baxter

6 minute read

January 17, 2014 | The American Lawyer

The Am Law 100 firms—well versed on the subject of Manhattan's pricey commercial real estate—are advising media giant Time Warner Inc. on the $1.3 billion sale of its Columbus Circle headquarters to an investor group. The deal has also yielded roles for Gibson Dunn, Kirkland, Schulte Roth, Sidley Austin and Skadden.

By Brian Baxter

6 minute read

January 16, 2014 | The American Lawyer

Friday night just got more fun for five Am Law 100 firms. Paul Hastings, Paul Weiss, Ropes & Gray, Wachtell, and Weil are grabbing a slice of private equity giant Apollo Global Management's $1.3 billion buy of CEC Entertainment, the parent of family restaurant chain Chuck E. Cheese's. Meanwhile, Paul Weiss and four other firms are advising on an Apollo-backed company's $1.4 billion buy of specialty paper maker NewPage Holdings.

By Brian Baxter

5 minute read

January 16, 2014 | The American Lawyer

A dozen Am Law 100 firms have grabbed roles on a series of transactions announced since the start of 2014 involving the insurance industry, where consolidation in the sector this year could could produce a bevy of business for transactional lawyers.

By Brian Baxter

7 minute read

January 16, 2014 | The American Lawyer

A year after an abrupt management change spurred a firmwide restructuring, three practice group leaders have recently left Dorsey & Whitney for positions elsewhere. Departures aside, Dorsey managing partner Kenneth Cutler tells The Am Law Daily that the firm's gross revenue rose last year for the first time in six years against the backdrop of a shifting legal landscape that has seen leading Minneapolis-based rivals Faegre & Benson and Leonard, Street and Deinard strike merger deals.

By Brian Baxter

11 minute read

January 14, 2014 | The American Lawyer

Time Warner Cable said Tuesday it had rejected rival Charter Communications' $61.3 billion takeover bid, with the former relying on longtime outside counsel Paul Weiss for representation and the latter turning to Wachtell and Kirkland & Ellis. Should the companies end up striking a deal, a fresh round of cable industry consolidation—and a bevy of transactional assignments for other Am Law 100 firms—could follow.

By Brian Baxter

7 minute read

January 13, 2014 | The American Lawyer

Magic Circle firms Linklaters and Freshfields Bruckhaus Deringer are advising on a proposed $3.2 billion cash-and-stock takeover of Swiss oilfield services and power equipment maker Foster Wheeler by British engineering giant Amec.

By Brian Baxter

3 minute read