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  • February 28, 2008 |

    Simpson Thacher conflict hands Sullivan role on Microsoft's landmark approach for Yahoo!

    Sullivan & Cromwell has been drafted in to advise Microsoft on its landmark $44.6bn (£22.7bn) attempted takeover of internet giant Yahoo! after New York rival Simpson Thacher & Bartlett was conflicted out. Simpson Thacher last week confirmed that it had been forced to withdraw from the deal due to a conflict that could not be resolved. The firm had initially been handed the lead role for Microsoft, as reported by legalweek.com (4 February).

    1 minute read

  • February 27, 2008 |

    Commentary: S&C in the City - crossing the Rubicon slowly

    "They are the super-elite, the brilliant. Forget Skadden, they're in another class, this is the Praetorian Guard. It is a fantastic faith in intellect. They believe that if you get a group of very bright people together in a room, you will get it done." Welcome to Sullivan & Cromwell, a firm that, as can be seen from the above comment from one rival partner, is viewed by some as the US' best all-round corporate law firm. But can it be considered the best in the world? Whatever the deal tables say, and Sullivan recently topped a three-year breakdown of US firms in the European M&A from Mergermarket, doubts remain over how committed this most conservative of Manhattan institutions is to the international market.

    1 minute read

  • February 26, 2008 |

    ...Legal Week Lunchbox 26/02/08...

    The five most popular articles on legalweek.com today; the pick of the day's posts; and more

    1 minute read

  • February 25, 2008 |

    Skadden Euro push lands Links tax man

    Skadden Arps Meagher & Flom has boosted its French practice with the hire of a tax partner from City giant Linklaters. Philippe Derouin will join Skadden in Paris as a partner next month. He advises clients on tax aspects of a wide range of domestic and international matters, including M&A, corporate restructurings, structured and project finance and tax litigation.

    1 minute read

  • February 24, 2008 |

    Departures ask tough questions of Weil bankruptcy team

    For decades, Weil Gotshal & Manges' bankruptcy department was as dominant as the Roman legion. Legendary partner Harvey Miller helped make the practice…

    1 minute read

  • February 21, 2008 |

    Sullivan seizes lead on Microsoft's Yahoo bid

    Sullivan & Cromwell has been drafted in to advise Microsoft on its landmark $44.6bn (£22.bn) attempted takeover of internet giant Yahoo after New York rival Simpson Thacher & Bartlett was conflicted out. Simpson Thacher this week confirmed that it had been forced to withdraw from the mandate due to a conflict which could not be resolved. The firm had initially been handed the lead role for Microsoft, as reported by legalweek.com on 4 February.

    1 minute read

  • February 20, 2008 |

    Expansive Mayer Brown posts solid results on back of challenging 2007

    Mayer Brown has joined Winston & Strawn and Baker Botts to post strong financial results for 2007 - despite a challenging year for the transatlantic firm.Mayer Brown managed to boost revenues and partner profits by 9%, despite legal claims against the firm and an internal restructuring. Turnover at the top 10 firm rose from $1.084bn (£550m) in 2006 to $1.183bn (£601m). Meanwhile, profits per equity partner (PEP) moved up by 9% to $1.24m (£629,000) in 2007, up from $1.14m (£577,000) the previous year.

    1 minute read

  • February 20, 2008 |

    NY duo record double-digit growth for 2007 as Milbank enjoys best-ever year in London

    Weil Gotshal & Manges and Milbank Tweed Hadley & McCloy have both announced double-digit growth in turnover and profitability with Milbank managing to boost revenues by almost 20%. Milbank more than doubled its 2006 growth rate to record an 18.8% rise in global fee income, taking turnover from $540.8m (£274.6m) in 2006 to $642.5m (£326.2m) in 2007.Profits per equity partner (PEP) rose by 16.4% to $2.53m (£1.28m) compared to $2.17m (£1m) in 2006.

    1 minute read

  • February 14, 2008 |

    ...Legal Week Lunchbox 15/02/08...

    The five most popular articles on legalweek.com today; the pick of the day's posts; Good Week, Bad Week; and more

    1 minute read

  • February 14, 2008 |

    Skadden builds in Asia with Shanghai debut

    Skadden Arps Slate Meagher & Flom will launch an office in Shanghai on Monday (18 February), with the relocation of corporate partner Gregory Miao, previously sharing his time between Hong Kong and Beijing. The branch will focus on M&A, corporate and real estate, with Miao leading the corporate practice and Ed Sheremeta heading up its real estate division.

    1 minute read