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The Churn: Lateral Moves in The Am Law 200
King & Spalding adds a five-attorney energy team to its Paris office; Chapman and Cutler bulks up in New York with hires from Richards Kibbe & Orbe; and Kelley Drye & Warren launches a sports entertainment group in Los Angeles. The Churn is constant. Please send all announcements and news releases to [email protected].Why the Norton Rose 'Merger' Debate Misses the Point
What makes a merger? That's the question being posed after U.K. firm Norton Rose announced deals with Canada's Ogilvy Renault and South Africa's Deneys Reitz. The combined firm will rank as one of the largest by headcount, and for Norton Rose the moves represent continued progress in its strategy to target Asia and the natural resources market. But detractors point out that, as with Norton Rose's union earlier this year with Australian giant Deacons, the firms will not share profits -- at least, not at first.
IBM Tips the Scale Toward Software
IBM has agreed to buy Cognos, a provider of open-standard-based business intelligence and performance management software to more than 23,000 customers, for $5 billion. The acquisition is the latest move by IBM to rely more on software and less on its famous hardware products.Deal Watch: Troutman rounds up troops for refinancing
Troutman Sanders attorneys knew a storm was raging outside as they sat in a conference room on the 47th floor of the Bank of America tower. They saw police and firefighter equipment lights flashing near the Georgia Dome and they heard fierce winds howling.But they didn't have time to worry about what turned out to be the tornado that struck downtown Atlanta the evening of March 14.
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