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December 18, 2023 | The American Lawyer

Ropes, Wachtell and Milbank Guide Nippon Steel's $14B Acquisition of US Steel

The transaction—which is facing some opposition—is expected to close in the second or third quarter of 2024.
2 minute read
December 18, 2023 | The American Lawyer

Proskauer Layoffs Underscore String of Big Law Cuts in 2023

The firm's moves are consistent with a slew of large law firms making staff and associate cuts in 2023, as firms focused on efficiency, outsourcing and productivity in a year of declining demand.
8 minute read
December 14, 2023 | The American Lawyer

Dentons' Global CEO to Stand Down Next Year

During Elliot Portnoy's tenure the firm has grown rapidly into one of the world's largest legal institutions.
5 minute read
December 11, 2023 | The American Lawyer

Simpson Thacher to Require Four Days in Office in 2024

In-office mandate adherence will be a factor in overall pay for Simpson personnel, with the firm saying noncompliance could affect compensation, sources said.
2 minute read
December 08, 2023 | The American Lawyer

Layoffs at K&L Gates Hit Associates in Chicago, Boston, DC, Pittsburgh

Every year, K&L Gates manages headcount based on "personnel performance, client demand and related reviews," which typically result in "personnel decisions," the firm's representative said in a statement. Leaders declined to comment directly on the cuts.
3 minute read
Law Journal Press | Digital Book District of Columbia Legal Malpractice Law 2024 Authors: Shari L. Klevens, Alanna G. Clair View this Book

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December 06, 2023 | The American Lawyer

Despite Expense 'Dent' From Pay Raises, Law Firms Expect to See Rebound in Transactional Practices

Firms can anticipate a rebound in transactional practices heading into 2024. "As such, we expect 2024 to be a better year than we saw in 2023," said Citi and Hilderbrandt Consulting in a new report.
6 minute read
December 04, 2023 | The American Lawyer

Deal Watch: Wachtell, Ropes Lead $10B Biotech Deal, and M&A Landscape Could Use Fewer 'Shock Waves'

Deals continue to come in, though not at a pace most would prefer. Debevoise's Michael Diz said the last couple of years have been one shock after another.
6 minute read
December 04, 2023 | The American Lawyer

Clients or Partners? Who Does a Big Law Merger Have to Please More?

Law firm strategy is driven by appealing to clients and partners, but one of those two components is ultimately more important than the other to make a merger successful, Hugh Simons and Kent Zimmerman explain in this piece.
8 minute read
December 04, 2023 | Corporate Counsel

SEC Cybersecurity Rules Go Live in Days. Companies Still Aren't Sure What to Expect

"Companies are faced with this conundrum of wanting to provide more detail but not wanting to give too much," Orrick partner Aravind Swaminathan said.
10 minute read
November 29, 2023 | The American Lawyer

Is Singapore the Answer to US Law Firms' Woes in Asia?

Singapore, widely considered a gateway to Southeast Asia, has become a beacon for global advisers and investors over the past few years. But it's not that simple.
4 minute read

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