Dewey & LeBoeuf and Paul Hastings Janofsky & Walker have taken lead roles on Walt Disney’s $4bn (£2.4bn) cash and stock acquisition of Marvel Entertainment, a deal that gives Disney the rights to more than 5,000 Marvel characters, including Spider-Man and the Incredible Hulk.

Dewey’s representation of Disney, a longstanding client of M&A chair Morton Pierce, reaffirms the firm’s role as the Mouse’s go-to outside counsel, write The Am Law Daily.