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The American Lawyer

Wall Street Firms Lead on Big Brokerage Merger

Wachtell, Sullivan & Cromwell, Simpson Thacher and Fried Frank are advising on a $4 billion cash-and-stock merger that will see Scottrade be acquired by TD Ameritrade and Toronto-Dominion Bank, better known as TD Bank. The deal unites two of the largest discount brokerages in the U.S.
36 minute read

New York Law Journal

Judge Tosses $35M Malpractice Claim Against Skadden

Manhattan Acting Supreme Court Justice Barry Ostrager ruled the lawsuit was time-barred, noting the transactions at issue occurred under a two-year, not a three-year, statute of limitations.
24 minute read

National Law Journal

Movers

By | October 24, 2016
New arrivals and lateral moves in this week's column.
49 minute read

The American Lawyer

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.
74 minute read

The American Lawyer

Trump's Campaign, Already a Boon to Lawyers, Could Serve as Litigation Fund

Donald Trump's presidential campaign saw its monthly legal bills hit $500,000 in September, a sum that's almost half of what former Republican presidential nominee Mitt Romney accrued in all of 2012. And come November, any unspent funds in Trump's campaign coffers could be sent to his personal foundation, or used for litigation battles.
41 minute read

The Legal Intelligencer

Origination, Partner Comp Drop in Philadelphia

Recently released data on partner compensation and origination seem to paint a bleak picture for Philadelphia's legal market, but they may just be reflecting a return to normal after a particularly strong rebound from the recession.
8 minute read

New York Law Journal

Cooperator in Dewey Case Admits to Lesser Charge

With a retrial looming for Dewey's former leaders, a key prosecution witness has reached a new plea agreement that could help reduce his sentence.
7 minute read

National Law Journal

Hunton & Williams to Close Northern Virginia Office, Consolidate in DC

Amid reports of merger talks between the firm and three others shops combining in the U.K., Richmond, Virginia-based Hunton & Williams has confirmed plans to eventually close an office in suburban McLean, Virginia, after relocating an insurance group to Washington, D.C.
10 minute read

Legaltech News

Mind the Machines: Time to Explore the Potential of Machine Learning

As machine learning is the future, law firms should begin to explore its potential.
13 minute read

Daily Business Review

Baker & McKenzie's Leite Stepping Down as Firm Chairman

Baker & McKenzie Executive Committee Chairman Eduardo Leite will step down at the end of October after six years in that post to focus on the firm's growth in Latin America and New York.
25 minute read

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