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Wednesday, August 10, 2011

Y! Alert: The Am Law Daily


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The latest from The Am Law Daily


Bangkok Business: DLA Helps Thai Prince Get Plane Back From Germany Top
A German court released a Thai prince's personal plane on Wednesday after the government of Thailand agreed to post a bond for the roughly $54 million it owes a defunct German construction firm from an international arbitration award.
 
Simpson Thacher, Skadden Lead on Blackstone's Jack Wolfskin Buy Top
The private equity giant will pay nearly $1 billion to acquire Jack Wolfskin with plans to transform the German clothier into a more international brand.
 
The Careerist: Fenwick West Wants to Set Them Free Top
Associates at this Silicon Valley powerhouse have lots of choices--they pick how much they want to bill and which partners they want to work for. In a Q&A, the hiring partners share how this works.
 
Former Stroock Partner Sues Firm Over Retirement Benefits Top
Michael Perlis's suit represents a rare instance in which such a dispute isn't resolved within the confines of arbitration.
 
MoFo, S&C, Wachtell Advise on Capital One's Purchase of HSBC's U.S. Card Unit Top
The three firms take leading roles as one big bank pays a $2.6 billion premium to acquire a $30 billion credit card loan portfolio from another.
 
Akerman Senterfitt Sets Up Shop in Salt Lake City Top
Continuing its westward push, Miami-based Am Law 200 firm Akerman Senterfitt is bolstering its consumer finance practice and extending its reach into Utah with the addition of two partners from Salt Lake City shop Van Cott, Bagley, Cornwall & McCarthy.
 
Shearman, Simpson Lead on $1.8 Billion Higher Ed Deal Top
The two firms are advising on a transaction whereby an affiliate of private equity firm Hellman & Friedman is acquiring SunGuard Data Systems' education unit and merging it with Datatel, a portfolio company owned by Hellman & Friedman that provides software to higher education institutions.
 
From The Asian Lawyer: Is Mandarin Really Necessary? Top
International law firms in China are insisting their new lawyers in most practice areas know Mandarin Chinese. But it's a different story for some of their "old white guys.
 
AT&T/T-Mobile Conflict Spurs Boutique Spin-off from Paul Hastings Top
Telecommunications Law Professionals, a five-lawyer boutique based in Washington, D.C., opened its doors last week after several former Paul Hastings attorneys found themselves in repeated client conflicts--most notably one involving a proposed megamerger. 
 
Baby Steps: Davis Polk, Milbank Advising E*Trade on Strategic Options Top
The Am Law 100 firms are advising E*Trade Financial and a special committee of the company's board of directors after activist investor Citadel called for the online brokerage to restructure its board and consider a sale.
 

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