Irwin Raij, cochair of Foley & Lardner's sports industry team, is part of a star-studded, 22-person investor group bringing a second professional soccer team to Los Angeles. McDermott Will & Emery and Proskauer Rose are also working on the deal, which reportedly marks the highest price ever paid for a franchise in Major League Soccer.
*Magic Circle duo leads $6.5 billion Bank of China share sale*Simmons & Simmons acts for Hong Kong's United Energy on $786 million bond program*MoFo advises SoftBank on $627 million investment into Indian e-commerce company
As the 2014-15 National Basketball season tips off this week, several Am Law 100 firms are getting in on some off-the-court legal action. DLA Piper has been retained to advise on a sale of the NBA's Atlanta Hawks, Sullivan & Cromwell is counseling the owner of the New York Knicks on a potential split of his company's operations and Proskauer Rose its representing the league itself on a landmark deal in Brazil. The NBA players union also filed its annual operating report, which details legal fees paid to Paul Weiss, Orrick, Steptoe, Weil and Winston & Strawn.