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As deals plummet, law firms focus on new opportunities
As credit woes choke off leveraged deals, New York attorneys say their firms increasingly are focused on other opportunities -- transactions involving foreign investors, sovereign wealth funds and corporations making strategic acquisitions with stock and/or cash. Thomson Financial reported last week that the value of worldwide announced acquisitions had declined 24 percent in the first three months of the year, compared to the same period in 2007. The sudden nose-dive followed a record-setting year.
International Firms Keeping Warm With Energy Deals
The natural resources and energy sector continues to provide international firms with opportunities for corporate work in locations ranging from Siberia to South Africa, China and Canada. Law firms in the mix include Vinson & Elkins, Linklaters, Allen & Overy, and Baker Botts.3. No Nickel-and-Diming: Norilsk / LionOre
A Russian mining giant pays $6.5 billion for its first acquisition in Canada.2. Foiling a Hostile Bid: Rio Tinton / Alcan
Canada's top aluminum producer staves off a hostile bid from America by accepting a $38 billion friendly bid from the U.K.
O'Melveny Program Helps New Parents Return to Firm
On Friday, O'Melveny & Myers officially launched a program -- said to be unique among major U.S. law firms -- for attorneys who are new parents, connecting them with a coach who will help with the plunge back into professional life by talking them through the transition's practical realities.
Suffolk Law's New Dean Represents Several Firsts
Camille Nelson has been named the new dean of Boston's Suffolk University Law School. Nelson, who spent the past year on the faculty of Hofstra University School of Law, will be the first woman and the first member of a minority group to hold the top administrative position at the school.
E-Discovery Technical Standard at Crossroads
A way to standardize how e-discovery programs share data has gained only modest adoption. Improvements are planned, but there are mixed opinions about the project's prospects.Trending Stories
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