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Larry Ellison's War Means Pricey Work for Elite Law Firms
Fending off Larry Ellison is not easy. Or cheap. PeopleSoft Inc. has disclosed that the cost of defending itself against Oracle Corp.'s hostile takeover bid for the first three months of the year was $12.8 million -- $55 million to date. A good part of the expenditure is flowing to elite law firms -- which doesn't surprise legal consultant Peter Zeughauser, who says that in a bet-the-company case like this, you want the best legal team money can buy.Mazzarelli, J.P., Buckley, McGuire, DeGrasse, JJ. 4609-4609A-4609B Index 601410/07 Stanfield Offshore Leveraged Assets, Ltd., et al., Plaintiffs-Appellants, v
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.Cleary Killing it in Nortel Bankruptcy
Nortel Networks filed for bankruptcy in January 2009. Since then the Toronto-based company has helped its Chapter 11 counsel at Cleary Gottlieb Steen & Hamilton and several other firms earn a fortune in bankruptcy fees.BBC Says Restructuring Likely to Spare Legal Team
The BBC's 100-strong legal team looks set to escape cuts in the broadcasting giant's controversial restructuring, it was stated Friday. The corporation had issued a statement on Thursday that it expected to shed 75 jobs from its professional services arm, which includes the legal team. However, a BBC spokesman on Friday said that it was unlikely that the corporation's legal staff would be affected by the restructuring. He added: "The legal team is not anticipating any changes."Texas Two-Step: Giuliani and Houston's Bracewell Learn the Politics of Dancing
When Houston's Bracewell & Patterson hired Rudolph Giuliani as partner two years ago, they got a real catch who would bring instant name recognition to the firm's fledgling New York office. In return, Giuliani got a pile of cash, an easy job and partners with ties to Texas Republicans. But politics can test the best of unions. In recent months the political spotlight has become increasingly uncomfortable for the former New York City mayor, the firm -- now known as Bracewell & Giuliani -- and its clients.Trending Stories
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