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12-06-2011

American Bar Association’s New Commission

It is being considered to suggest that non-lawyers should be allowed to take a stake on justice in law firms for which they work. Non lawyers are urging that an already existing ban should be maintained on the outside investment in U.S. firms. If the panel's proposal advances, the move to let non la....[more]
12-06-2011

Skadden, Arps Wins the Potentially Lucrative Role as Counsel

Skadden, Arps, Slate, Meagher & Flom competed with six other law firms to win the potentially lucrative role as counsel to the newly formed unsecured creditors' committee in American Airlines' parent AMR Corp's bankruptcy case. The other firms vying for the assignment included: Akin, Gump, Strauss, ....[more]
12-06-2011

Hogan Lovells, Kaye Scholer, and Simpson Thacher & Bartlett Advise On $1.3 Billion Deal

Sam Zell's Equity Residential hired Hogan Lovells ....[more]
12-05-2011

Skadden, Arps And Kim & Chang Are Advising Lone Star Funds On $3.5 Billion Deal

U.S. law firms, who are seeking expand their hold in Asia these day are viewing South Korea as a hot market. Lone Star Funds, a Dallas-based private equity firm has been in a legal dilemma for several years. In 2003, it bought a scheming risk in one of the country's major financial institutions for ....[more]
12-05-2011

100 Jobs Added in Legal Sector in November

According to the Bureau of Labor Statistics, there has been a modest gain in the legal sector with the addition of nearly 100 jobs in November. According to the seasonally adjusted figures of the BLS report Legal sector also added 400 jobs in October. The brightest stop of the year was July when leg....[more]
12-05-2011

Verizon to Purchase Wireless Spectrum License for $3.6 Billion

Verizon To Purchase Wireless Spectrum License For $3.6 Billion....[more]
12-02-2011

Cleary, Paul Weiss Advise Brookfield on Town Buy

Brookfield Asset Management has plans to convert Stuyvesant Town and Peter Cooper Village complexes to tenant-owned condominiums, two years after taking over it. Brookfield has grouped with the tenants association of Manhattan's largest residential development in an effort to buy the property. Paul ....[more]
12-02-2011

First Civil Suit Stemming from Sexual Abuse Scandal Faced By Sandusky

Claims about Penn State assistant football coach Jerry Sandusky molesting a man more than 100 times has been filed against the university and the embattled coach at the center of an explosive sexual abuse scandal. The plaintiff also alleges that Penn State officials knew of the abuse and covered it ....[more]
12-02-2011

Six Months Imprisonment for Former Ropes & Gray Associate Santarlas

Former Ropes & Gray associate Brien Santarlas was sentenced to six months imprisonment on Wednesday, for selling information about Ropes clients to ex-Galleon trader Zvi Goffer. Santarlas hoped to receive leniency in his sentencing because of his cooperation with the government. The punishment was o....[more]
12-01-2011

Ternium and Tenaris to Jointly Purchase Brazilian Steelmaker for $2.7 Billion

Two Luxembourg-based steel manufacturers, Ternium and Tenaris, owned by the Techint Group, will jointly purchase a 27.7 percent voting stake in Brazilian steelmaker Usinas Siderurgicas de Minas Gerais for $2.7 billion. Terms of the deal calls for Ternium to pay $2.2 billion, while Tenaris to pay the....[more]
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