Reed Smith, internationally recognized law firm, has recently welcomed a new addition to their team, as reported by Bloomberg Law Automation. Daniel Connelly, formerly with Kirkland & Ellis, has joined as a partner in the global corporate group based in Philadelphia, Pennsylvania. Prior to this move, Connelly represented private fund sponsors and companies in domestic…
Leading law firm Perkins Coie has announced the promotion of two senior associates to partner positions. Effective from January 1, 2024, Joseph T. Kaempf and Daniel A. Sito will assume their new roles within the firm. This exciting development was communicated via an official statement released by Perkins Coie on November 9, 2023, as per…
Jaileah Huddleston has been announced as the new Chief Legal Officer and Corporate Secretary of CBIZ, Inc., scheduled to assume her position on Dec. 11, as reported by Bloomberg Law. Currently serving as Vice President, Regional, Securities and Governance, as well as Corporate Secretary at Brown-Forman Corp., Huddleston will bring over two decades of comprehensive…
As economic activity continues to decline in Greater China, international offshore law firms find themselves in closely contested battles for litigation and restructuring assignments. This significant drop in capital markets, mergers and acquisitions (M&A), and funds-related deals over recent years has led to significant changes in the nature of their work. An article in Law.com…
In a recent turn of events, the motion for leave to appeal, put forth by the Asbestos Committee has been denied by the court. This denial pertains to the Bankruptcy Court’s earlier denial order concerning Georgia-Pacific. The case ruling took place in the United States District Court for the Western District of North Carolina, Charlotte…
In October, the U.S. Department of Justice (DOJ) made a significant announcement, aiming to provide a degree of assurance to firms involved in mergers and acquisitions (M&A): acquiring firms will face no penalty for timely voluntary disclosure of any criminal conduct of the organizations they have acquired. This Safe Harbor Policy was unveiled by U.S….
Noted arbitration attorney, Will Hooker, has recently joined Alston & Bird in a partner capacity. Now part of the firm’s litigation and trial practice group, Mr. Hooker specifically aligns with the international arbitration and dispute resolution team. The news was shared via a recent announcement by the London office where he will be based. Mr….
The Federal Trade Commission (FTC) and the Department of Justice (DOJ) have been persistent in their efforts to target private equity firms for engaging in continuous acquisitions, colloquially known as “roll-ups”. The controlling agencies argue that these acquisitions lead to inflated prices, while also reducing the quality of products or services for consumers. On the…
Newmont Corp., the world’s foremost gold producer, is moving ahead with a plan to generate $2 billion in cash. The scheme involves selling mines and divesting projects, following the completion of its largest acquisition in the mining industry so far this year, as per a Bloomberg Law report. The Denver-based corporation finalized its approximately $15…
White & Case, a leading global law firm, has recently welcomed Emily Brown as the new partner of its global mergers and acquisitions (M&A) practice and global private equity industry group based in London. This information was officially disclosed on the firm’s website earlier Monday. In addition to the broad and impressive repertoire Brown brings…
In a year characterised by a slower pace in mergers and acquisitions (M&A) and a downturn in capital markets, the global legal industry is contending with decreased demand. This unpredictable market environment is compelling numerous law firms to downsize, merge, or fold. Notwithstanding these challenging circumstances, a select number of law firms, some with significant…
In a recent announcement, seasoned legal professional Greg Lavigne has transitioned to Sidley, joining the firm as a partner in its energy, transportation, and infrastructure group. This news highlights a substantial coup for Sidley, securing a partner from leading law firm Allen & Overy. Lavigne comes with a highly specialized skill set and extensive experience…
In an emerging trend of concern, private equity firms and businesses with a predisposition for acquisitions are seeking legal advice on the Justice Department’s new policy regarding exposure of misconduct in the midst of transactions. The recent surge in queries came in the wake of the DOJ’s introduction of a safe harbour initiative last month….
Despite a challenging start to the year, a substantial number of private equity (PE) firms are optimistic about an increase in technology-related mergers and acquisitions (M&A) over the next year. This sentiment, which contrasts significantly with the less sanguine outlook of their corporate deal-making colleagues, was highlighted in a recent survey last quarter. This suggests…
As law firms strive to maintain competitiveness in a globalized market, mergers and acquisitions often present an attractive strategy for growth and diversification. However, it’s not uncommon for partners at law firms to harbor a certain degree of reluctance when it comes to such a drastic change. As underscored in a recent article, a partner’s…
In recent times, the Department of Justice (DOJ) has increased the value of compliance assessments as an effective tool in the due diligence process involved in mergers and acquisitions. Deputy Attorney General Lisa Monaco further highlighted the importance of stringent corporate compliance assessments in her recent speech on ethics and compliance. As part of the…
The United States Department of Justice (DOJ) has recently introduced a policy surrounding voluntary disclosure of misconduct in mergers and acquisitions (M&A). This is another in a series of initiatives relating to corporate compliance, also involving updates to pertinent guidance and corporate voluntary self-disclosure. The policy is set to play a significant role in the…
Morgan Lewis partner Sheri Dillon, who famously proclaimed that Donald Trump’s taxes were in order while standing in front of a stack of folders, might be facing scrutiny as the Attorney General raised questions about it at a recent trial. Law360 provides an insightful coverage of the event. In the world of mergers and acquisitions,…
In an important shift, the Department of Justice (DOJ) recently announced a safe harbor policy for voluntary self-disclosure in the context of acquisitions, echoing a global trend towards leniency. The new policy is a continuation of the DOJ’s effort to empower compliance professionals and incentivize compliance, while simultaneously positioning compliance as a cost-saving center in…
Discussions around large mergers and acquisitions often have significant implications for those in the legal profession. A case that may soon impact this sector revolves around Fortress Investment Group’s recent consideration of a major real estate transaction. In a significant development, the Fortress Investment Group, a leading investment handling company, is said to have approached…
The United States Department of Justice (DOJ) established a new policy on October 4, 2023, as part of an ongoing initiative to upgrade and reinforce policies related to corporate misconduct prevention. This policy, known as the Mergers & Acquisitions Safe Harbor Policy, intends to instill a presumption against prosecution for firms that willingly and swiftly…
The first part of the Founder Series, ‘Exit Ready’ focuses on Mergers and Acquisitions (M&A). The series is an initiative of Orrick’s Founder Series which provides monthly tips specifically designed for UK start-ups, at each stage of their life-cycle. This could range from incorporation of a company to exploring possible exit strategies. This informational series…
Despite a decline in mergers and acquisitions in 2023, various elite law firms are securing an increased amount of M&A work through hefty oil agreements unveiled recently. Such significant deals are anticipated to drive further consolidation in the energy industry. One such example is the recent transaction where Chevron acquired Hess Corporation in a $53…
In a significant turn in corporate governance, a new regulatory stance on corporate compensation has been set in motion. This bold step taken by American authorities could reshape modes of compensation among some of the world’s largest companies. On October 4, 2023, Deputy Attorney General Lisa O. Monaco announced a “safe harbor” policy for voluntary…
In a move closely watched by legal professionals, on October 5, the U.S. Treasury released long-awaited proposed adjustments to rules governing inbound cross-border reorganizations. The proposed regulations reflect, with modifications, policies that were initially expressed in 2014 and 2016 notices. The details of these proposed regulations have stirred discussions in corporate circles and law firms…