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The latest from The Am Law Daily

• 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!
• The Other Big Ten Scandal
• Freshfields, A&O Lead on Virgin's $1 Billion Bank Purchase from U.K.
• It's Always Sunny: Baker Donelson Enters Florida By Acquiring Six-Attorney Firm
• Skadden, Simpson Thacher and Wachtell Lead on $860 Million Office Supply Merger
• Prominent Litigation Laterals Take on Prime New York Political Cases
• Citi's Third Quarter Report: Robust Collections, Slowing Demand

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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.
The Other Big Ten Scandal	Top
While Penn State lives through its continuing nightmare, another university's law school has some significant problems of its own.
Freshfields, A&O Lead on Virgin's $1 Billion Bank Purchase from U.K.	Top
Billionaire Richard Branson's financial services company will acquire Northern Rock, which was seized by the British government amid the financial crisis in 2008.
It's Always Sunny: Baker Donelson Enters Florida By Acquiring Six-Attorney Firm	Top
The combination with Orlando's Litchford & Christopher gives Memphis-based Baker Donelson 18 offices overall and--following a move into Texas and the addition of a second outpost in Alabama--its third new location this year.
Skadden, Simpson Thacher and Wachtell Lead on $860 Million Office Supply Merger	Top
The three firms secured roles on MeadWestvaco's plan to spin off its office supplies business and merge it with rival Acco Brands.
Prominent Litigation Laterals Take on Prime New York Political Cases	Top
A pair of top litigators hired this year by Chadbourne & Parke and Zuckerman Spaeder are providing legal representation to former New York State Senate majority leader Joseph Bruno and New York City Comptroller John Liu, respectively.
Citi's Third Quarter Report: Robust Collections, Slowing Demand	Top
A quick look at the numbers for the first three quarters of 2011 suggests there is good news for the law firm industry—and some cause for concern.

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