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Atlanta Firms Slow Flow of M&A Deals to New York
It used to be that an Atlanta company preparing for a big deal would shun its local counsel for a Manhattan law firm. Now, mergers and acquisitions practices at Atlanta firms routinely handle multibillion-dollar transactions. Case in point: Smith, Gambrell & Russell partner Robert Paller, who represented AirTran Airways when the discount airline raised $4.5 billion to buy 114 planes from Boeing. The rise of Atlanta firms comes as the national value of M&A deals rose to $1.1 trillion last year.The Hits Keep Coming: Proskauer Goes Gaga, McDermott Helps Pitbull Tame Lohan, MoFo Up Against Beats
An Am Law Daily round up of entertainment-related legal news finds Proskauer Rose representing the promoters of a canceled Lady Gaga concert, McDermott, Will & Emery taking a copyright case thanks to a local connection, and Morrison & Foerster defending Yamaha against infringement claims brought by Dr. Dre.Trainee Retention Rates Drop Below 80 Percent at Top U.K. Firms
Trainee retention rates across the U.K.'s top 30 law firms have been hit by the economic downturn, with most firms with March 2010 intakes retaining under 80 percent of newly qualified lawyers. The average retention rate has dropped nearly 10 percent from March of last year.Three of the largest book publishers will shell out $69 million to settle antitrust claims by state AGs that they conspired to keep e-book prices artificially high. The preliminary settlement agreement was filed on Wednesday in Manhattan federal district court by the publishers—Hachette, HarperCollins, and Simon & Schuster—and the AGs of 49 states and the District of Columbia.
GC Puts a Lot of Energy Into Lukoil Equity Buy
Stephen Gates has been senior vice president and general counsel at ConocoPhillips Inc. of Houston for only 18 months, and he has spent much of his time on the job working on an energy deal that completes the largest privatization in Russian history.Trending Stories
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