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Allen & Overy, Wachtell on $1.8 Billion GE Sell-Off
Allen & Overy landed the lead advisory role for General Electric on the $1.8 billion sale of GE's fire alarm and security unit to Hartford, Conn.-based United Technologies, the conglomerate that makes Sikorsky helicopters, Carrier air conditioners and other big-name items. Wachtell, Lipton, Rosen & Katz advised UTC on the deal, says a UTC spokesman. GE sold its homeland security branch to the French company Safran earlier this year, and is reportedly close to selling its stake in NBC Universal to Comcast.Lawyers Find Real Revenue in Virtual World
Lawyers in the online virtual world Second Life act like lawyers, but they practice law through an alter ego, a digital character called an avatar, with virtual clients that have real legal problems like landlord-tenant, contract and intellectual property issues.The Jay Mariotti Chronicles: Columnist Calls in Gibson Dunn Bigwig
Who does a high-profile sports columnist turn to when he finds himself in legal trouble? A prominent attorney from an Am Law 200 firm, of course.Kids & Pharmaceuticals: From Antidepressants to Vaccines to ADHD
Black box warnings, ominous text on package inserts, and increased vigilance of what some have called an embattled FDA, what's a physician - or a parent - to do? Most drugs prescribed for children are used off label. Are the resultant risk-benefit ratios acceptable to most?Alston & Bird Raises First-Year Pay to $145K
Alston & Bird is raising pay for its Atlanta associates, effective next January, with first-years getting a bump from $130,000 to $145,000. But not everyone's happy. Visitors to the Above the Law blog contended that associate pay in Atlanta lags behind that of comparable markets -- and others criticized Alston for pay compression, pointing out that the firm isn't increasing pay for more senior classes by the $15,000 figure that first-years will enjoy. "First years get a 15K raise. I get 5K," groused one.Urge to Merge: More Firms Seeking Global Presence
Leigh [email protected] YORK-With a more-is-better philosophy, national practices increasingly want to lock arms with foreign law firms in mergers to create a global presence. If only it were that simple. Whether troubles arise from differences in management styles or pay structures, recruitment practices or even dress codes, transcontinental mergers can have super-sized portions of the problems found in domestic mergers.Trending Stories
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