Reflecting on the current corporate landscape, it appears that the remuneration gap between General Counsels (GCs) and Chief Executive Officers (CEOs) is narrowing. In other legal news, law firms are adjusting to a low deal environment, with mega deals falling by 42% in Q3. However, some firms are successfully navigating this scenario through attention to deals on the lower rungs of the transaction ladder, as detailed by Andrew Maloney of Law.com.
Among the popular wheelhouses, energy-related transactions continue to be boosted by federal investment and the shift towards renewable energies. Mid-market private equity deals also seem to hold steady in sectors such as home service installation, pest-control roll-ups, software and services companies, and even car washes.
Adding to their recent achievements, Latham & Watkins has successfully advised Rivian Automotive Inc in a debt offering valued at an aggregate $1.5 billion. The conducting team was led by partners Tad Freese, Marc Jaffe, Greg Rodgers, and Salvatore Vanchieri while capital market juggernauts, Skadden, Arps, Slate, Meagher & Flom, guided the initial purchasers in connection with the offering. The notes are due in 2030. More news on state and federal litigation and corporate deals can be found via Law.com Radar.