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The latest from The Am Law Daily

• Wachtell, Gibson Dunn Advise as Alleghany Wins Fight to Acquire Transatlantic
• Skadden, S&C Advise on $11 Billion Biotech Drug Deal
• The Careerist: Are Asian American Lawyers Still Too Nerdy?
• Expansion-Minded Kasowitz Opens Silicon Valley Office
• Dealmaker of the Week: Matthew Layton of Clifford Chance
• The Bankruptcy Files: Municipalities, Shippers, and Irish Ex-Billionaires
• Five Am Law Firms Advise As ConocoPhillips Sells $2 Billion in Pipeline Stakes
• Cozen, Axinn Veltrop Hold Cards on Sale of Full Tilt Poker
• The Churn: Lateral Moves and Promotions in The Am Law 200
• The Careerist: Stop Law Porn!

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Wachtell, Gibson Dunn Advise as Alleghany Wins Fight to Acquire Transatlantic	Top
Insurer Alleghany will pay about $3.4 billion to buy Transatlantic Holdings, a company that has attracted multiple takeover attempts over the past several months.
Skadden, S&C Advise on $11 Billion Biotech Drug Deal	Top
Gilead Sciences plans to buy hepatitis drug developer Pharmasset for $11 billion, with Skadden, Arps, Slate, Meagher & Flom representing the former and Sullivan & Cromwell advising the latter.
The Careerist: Are Asian American Lawyers Still Too Nerdy?	Top
Plenty of Asian American lawyers have Tiger Moms, which is why so many of them get jobs with big, prestigious firms. But is all that striving for academic excellence hampering their success?
Expansion-Minded Kasowitz Opens Silicon Valley Office	Top
In the latest expansion for Kasowitz's intellectual property group, the firm is opening an office in Redwood Shores, California, that will be headed by former Weil partner Douglas Lumish.
Dealmaker of the Week: Matthew Layton of Clifford Chance	Top
Layton led the Clifford Chance team advising Citigroup and EMI on the sale of the latter's recorded music and publishing units in separate deals to, respectively, Universal Music Group and an investment group led by Sony Corporation of America.
The Bankruptcy Files: Municipalities, Shippers, and Irish Ex-Billionaires	Top
Cahill Gordon, DLA Piper, Foley & Lardner, and Kramer Levin are some of the firms retained for the latest round of noteworthy bankruptcy filings.
Five Am Law Firms Advise As ConocoPhillips Sells $2 Billion in Pipeline Stakes	Top
ConocoPhillips will sell stakes in two U.S. pipeline operators for a total of $2 billion in separate deals with Enbridge Holdings and Caisse de depot et placement du Quebec.
Cozen, Axinn Veltrop Hold Cards on Sale of Full Tilt Poker	Top
At least three firms are working on a proposed $80 million deal under which troubled online gambling operator Full Tilt Poker—whose U.S. assets were seized by the Justice Department earlier this year—would be sold to a French investment group in what one lawyer called a "prepackaged forfeiture."
The Churn: Lateral Moves and Promotions in The Am Law 200	Top
Morgan Lewis poaches an antitrust partner from Fox Rothschild; Squire Sanders loses two; and a New York energy partner heads to Brazil to join Jones Day. The Churn is constant. Please send all announcements to thechurn@alm.com.
The Careerist: Stop Law Porn!	Top
U.S. News & World Report's law school rating is once again getting the blame--this time for aiding the law porn industry.

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