Freshfields boosts US profile with $15bn mandate
Freshfields Bruckhaus Deringer's US practice has bagged one of its largest-ever mandates, advising a consortium on its bid to operate one of the busiest motorways in the US - a project valued at around $15bn (£7.3bn).
October 24, 2007 at 11:23 PM
2 minute read
Freshfields Bruckhaus Deringer's US practice has bagged one of its largest-ever mandates, advising a consortium on its bid to operate one of the busiest motorways in the US – a project valued at around $15bn (£7.3bn).
Freshfields is advising a consortium headed by Australian investment house Babcock & Brown, which is considered to be a front-runner in the Pennsylvania Turnpike project – thought to be the largest-ever project of its kind in the US.
While it is not yet clear which bidder will succeed, the deal is a coup for the magic circle law firm, which beat a number of Wall Street firms to the role.
White & Case is advising a rival consortium, backed by Macquarie and Spanish highway company Cintra. The US law firm has advised both clients on a number of multibillion-dollar projects in the past.
Meanwhile, the State of Pennsylvania has called in infrastructure specialist Ballard Spahr Andrews & Ingersoll.
Last month the bidding companies were formally asked to submit credentials for running the highway, although there has been political opposition surrounding the privatisation of the road.
Freshfields has had a relatively low profile in the US in recent years. Notable mandates the US practice has bagged include advising on the first-ever rail public-private partnership in California, the Bay Area Rapid Transport District, and advising Siemens on the US aspects on its E4.2bn (£2.9bn) purchase of Bayer's diagnostics division.
However, the magic circle law firm has been attempting to build its US capability in recent months. In August the firm relocated litigation partner Brian King to New York from Amsterdam along with three associates, while corporate partner Julian Pritchard moved across from Tokyo.
The UK firm has 100 US-qualified lawyers in offices around the world, primarily based in New York and Washington DC.
More news, deals and comment on Freshfields Bruckhaus Deringer
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Skadden, White & Case Guide Citigroup Demerger in Mexico
Kirkland’s O’Shea Acts Alongside Former Outfit Simpson Thacher on KKR Deal
2 minute read
Big Law Sidelined as Asian IPOs in New York Dominated by Small Cap Listings
Quartet Of Firms Engaged As Adani Exits $2B Joint Venture With Singapore’s Wilmar
Trending Stories
- 1We the People?
- 2New York-Based Skadden Team Joins White & Case Group in Mexico City for Citigroup Demerger
- 3No Two Wildfires Alike: Lawyers Take Different Legal Strategies in California
- 4Poop-Themed Dog Toy OK as Parody, but Still Tarnished Jack Daniel’s Brand, Court Says
- 5Meet the New President of NY's Association of Trial Court Jurists
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
