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Deal Watch: Cravath Leads on Time Warner, Tobacco Mega-Mergers
Christmas has come early to Cravath, Swaine & Moore. The firm is advising British American Tobacco on a $47 billion cash-and-stock bid for the remaining stake in cigarette giant Reynolds American it doesn't already own. Meanwhile, another longtime Cravath client, Time Warner Inc., has agreed on a $108.7 billion sale to AT&T.These Four Practices Flourished During the Obama Years
With the end of the Obama administration nearing, some lawyers who worked in the administration are climbing to success in a growing bevy of private-practice areas. We look at four practices—from tech sophisticates, to financial regulation experts, to fraud specialists, to third-party settlement appointees—that have gained steam during Barack Obama's presidency.Feds Accuse Aetna, Humana of Trying to 'Derail' Antitrust Challenge
U.S. Justice Department lawyers, repudiating the misconduct allegations that Aetna Inc. and Humana Inc. raised in the government's blockbuster antitrust suit, accused attorneys for the health insurers of a "transparent" push to unravel the case before it's ever presented to a judge.Southern Firms Seek New Horizons, Plus More Lateral Moves
Baker Donelson and Maynard, Cooper & Gale set up shop in new cities; Crowell & Moring sees two practice leaders depart; more exits at Cadwalader; McGuireWoods expands in San Francisco; and other notable additions from throughout The Am Law 200.Florida Biopharma's Bankruptcy Leaves Big Firms Holding Bag
Rock Creek Pharmaceuticals filed for bankruptcy in Delaware last week, owing nearly $3.7 million to lawyers from more than 20 firms, including at least eight from the Am Law 200. The Sarasota, Florida-based company, formerly known as Star Scientific, once made headlines over a criminal complaint filed against a former Virginia governor.Climate Change Policy in Spotlight as Appeals Court Opens Review of Clean Power Plan
Mammoth litigation over a pillar of the Obama administration's climate-change policy goes before the full U.S. Court of Appeals for the D.C. Circuit today. And depending on your point of view, the so-called Clean Power Plan is either a “blunderbuss” and “power grab,” or a classic “exercise in cooperative federalism.”FTC and Herbalife Snub Big Law for Consulting Firm As Compliance Monitor
The Federal Trade Commission and Herbalife chose consulting firm Affiliated Monitors Inc. over a number of Big Law bidders for the role of compliance monitor in $200 million settlement.McDermott Keeps Hiring, Plus More Lateral Moves
The Chicago-based firm hires a handful of new partners ahead of new leadership; Kirkland & Ellis adds Paul Clement and others; Goodwin Procter hires from GE; comings-and-goings at Manatt, Phelps & Phillips; O'Melveny & Myers recruits an Israeli practice head; and other notable additions from throughout The Am Law 200.Choate Hall, Kaye Scholer Again Top Summer Associate Rankings
For the second year in a row, the firms tie for the ranking's top spot. Crowell & Moring is third.Trending Stories
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