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Wachtell, Cravath and A&O Lead on Mammoth Novartis Deal for Alcon
Wachtell, Lipton, Rosen & Katz and Allen & Overy advised Swiss drugmaker Novartis on its $28 billion acquisition of a majority stake in Alcon, the world's largest eye-care company, from Nestle. Cravath, Swaine & Moore advised Nestle, which owned all of Alcon from 1977 through 2002. Nestle will have multiplied the value of its investment in the eye-care company by about 100 times with Monday's sale of the 52 percent stake, according to Bloomberg.Four More Partners Leave Cooley for Bigger Firms
Cooley Godward Kronish is losing more prominent partners. Craig Waldman, chairman of Cooley's antitrust practice, is joining Jones Day along with Michael Knight, another Cooley antitrust lawyer. Corporate partners John Brockland and Jane Ross are leaving Cooley for Dewey & LeBoeuf. They'll be joining former Cooley corporate stars Richard Climan, Keith Flaum and Eric Reifschneider, who moved to Dewey in July in one of the most seismic lateral moves in recent years.For White & Case, Global Expansion Was the Easy Part
Boasting almost 40 offices worldwide, White & Case has a global network that many firms are trying to emulate through their own international expansion. But the 2,000-lawyer firm has found that expanding across the globe is the easy part. Now, it's wrestling with how to best integrate and utilize the vast network it has acquired over the past three decades. How the firm will be managed going forward will be a major topic this weekend as White & Case partners meet in Prague for their annual retreat.What a Hogan/Lovells Merger Would Mean
If Hogan & Hartson, the Washington giant, and Lovells, the most global of the leading U.K. firms, consummate their merger talks, the new entity has the potential for a name out of "Harry Potter" — Hogells — and a chance to remake a corner of the Big Law marketplace.N.J. Firms Hike First-Year Pay, Bulk Up on New Hires
New Jersey's big firms are hiring larger classes of new associates and boosting first-year salaries by more than 10 percent. Salaries this fall will range from $95,000 to $130,000, and hires are up 19 percent from last year. New Jersey firms face competition from nearby New York firms, some of which boast a starting salary of $160,000. But Lowenstein Sandler managing partner Michael Rodburg tells laterals at New York firms that New Jersey firms have their employers beat on "lifestyle and opportunity bases."2002 Associates Survey: From Mayer Brown to Wolf Block
The firm-by-firm breakdown of responses to the survey.Levi Strauss: Casual on Dress Policy, Not on Trademark Infringement
One perk of working for the company that created jeans is that Hilary K. Krane gets to wear them -- every day, and even to board meetings. As GC and senior VP at Levi Strauss & Co., one of Krane's primary legal concerns is trademark infringement; the company holds more than 5,000 trademarks and pending applications in about 180 countries, and is currently pursuing about 500 infringement matters worldwide. Krane started in January, drawn in part by the company's progressive values concerning its workforce.N.Y. High Court Upholds Snapple Deal to Use NYC Trademarks, Logos
The Court of Appeals upheld New York City's innovative marketing contract with the Snapple beverage company, but said that future concession contracts for the city's intellectual property must be scrutinized by the Franchise and Concession Review Committee. The case centered on a novel but apparently ill-fated fund-raising initiative of the Bloomberg administration to basically turn Gotham into a recognized brand. It was expected to bring in $126 million, but yielded only about $32 million.Trending Stories
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