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December 20, 2023 | The American Lawyer

Ropes, King & Spalding, Faegre Drinker Advise on Proposed $12.6B Health Care Merger

The combination of Philadelphia-based Jefferson Health and Allentown Pennsylvania-based Lehigh Valley Health would host 30 hospitals and more than 62,000 employees spread across Pennsylvania and southern New Jersey.
3 minute read
December 20, 2023 | The American Lawyer

Big Law's Return-to-Office Journey Still Not Complete, but More Settled Now

"The overwhelming majority of our colleagues are complying," noted Davis Polk's Neil Barr. "I know not everyone loves it, but from the institution's perspective, we are in a good spot."
6 minute read
December 18, 2023 | The American Lawyer

Ropes, Wachtell and Milbank Guide Nippon Steel's $14B Acquisition of US Steel

The transaction—which is facing some opposition—is expected to close in the second or third quarter of 2024.
2 minute read
December 18, 2023 | The American Lawyer

Proskauer Layoffs Underscore String of Big Law Cuts in 2023

The firm's moves are consistent with a slew of large law firms making staff and associate cuts in 2023, as firms focused on efficiency, outsourcing and productivity in a year of declining demand.
8 minute read
December 14, 2023 | The American Lawyer

Dentons' Global CEO to Stand Down Next Year

During Elliot Portnoy's tenure the firm has grown rapidly into one of the world's largest legal institutions.
5 minute read
December 11, 2023 | The American Lawyer

Simpson Thacher to Require Four Days in Office in 2024

In-office mandate adherence will be a factor in overall pay for Simpson personnel, with the firm saying noncompliance could affect compensation, sources said.
2 minute read
December 08, 2023 | The American Lawyer

Layoffs at K&L Gates Hit Associates in Chicago, Boston, DC, Pittsburgh

Every year, K&L Gates manages headcount based on "personnel performance, client demand and related reviews," which typically result in "personnel decisions," the firm's representative said in a statement. Leaders declined to comment directly on the cuts.
3 minute read
Saba Capital CEF Opportunities 1 LLC v. Nuveen Floating Rate Income Fund
Publication Date: 2023-12-08
Practice Area: Securities Litigation
Industry: Investments and Investment Advisory
Court: U.S. Court of Appeals for the Second Circuit
Judge: Circuit Judge Richard C. Wesley
Attorneys:
For plaintiff: For Plaintiffs-Appellees: Jacob W. Buchdahl, Susman Godfrey LLP, New York, NY, on the brief, Mark P. Musico, Susman Godfrey LLP, New York, NY.
For defendant: For Defendants-Appellants Nuveen Floating Rate Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, Nuveen Global High Income Fund, and Nuveen Senior In