Cravath, Swaine & Moore will be allowed to represent Air Products and Chemicals in its attempted takeover of rival Airgas Inc., a Delaware Court ruled Friday. The judgment came as the result of a conflict of interest suit filed against Cravath because the firm had previously represented both companies. Delaware Chancellor William Chandler called a disqualification [...]
Continue reading...Thursday, February 18, 2010
Cravath, Swaine & Moore appears to be in the middle of a real dustup in the attempted takeover of Airgas by rival Air Products. Cravath, which is representing Air Products in its $5.1 billion takeover bid, has been slapped with a conflict-of-interest suit by Air Gas because of work the firm has previously done with the company. [...]
Continue reading...Wednesday, February 3, 2010
Cravath, Swaine & Moore informed incoming associates that some of them can begin their employment with the firm this fall, one year sooner than originally planned. Hiring partner Rowan Wilson said in an email, “those who have not yet committed to something else for 2010-11, if they are interested in starting at Cravath in2010, we [...]
Continue reading...Thursday, January 28, 2010
Robert Joffe, presiding partner at Cravath, Swaine & Moore from 1999 to 2006, died Thursday of cancer at age 66. Joffe spent 42 years at Cravath where he developed a special practice, advising independent directors on corporate boards. Among other notables, he advised the directors of Fannie Mae during its accounting scandal in 2004 and [...]
Continue reading...Monday, November 2, 2009
Cravath Swaine & Moore has officially kicked off this years bonus season. It should come as no surprise that bonuses are lower than last year. The class of 2008 will get a $7500 bonus, and the class of 2002 caps out the bonuses at $30,000. On the one hand, these are low. On [...]
Continue reading...Saturday, June 20, 2009
This week in law firm layoffs: Clifford Chance: 10 lawyers Schwabe, Williamson & Wyatt: undisclosed staff Simpson Thacher: undisclosed staff Cravath: 25 lawyers Paul Hastings: 25 staff Miller Canfield: 16 lawyers, 9 staff Total: 51 lawyers, 34 staff Previously: Week of June 7th: 81 lawyers, 61 staff, 85 undisclosed Week of May 31st: 101 lawyers, 142 staff, 49 undisclosed Week of May 24th: 66 lawyers, 119 [...]
Continue reading...Tuesday, June 16, 2009
Blawgs are reporting that Cravath has been holding stealth layoffs of associates since December 2008, letting 25 lawyers go for “performance” reasons. According to online sources, more layoffs are expected this month. Cravath has refused to comment. Apparently this news is coming out because laid off associates are angry that Cravath will pay incoming 2009 associates $80,000 [...]
Continue reading...Friday, June 12, 2009
Cravath, which in March deferred its 150-member incoming associate class to October or November 2009 or January 2010, has some more deferring to do. First: the 2009 class is being offered a voluntary deferral option. Anyone willing to defer to Fall 2010 will get an $80,000 stipend, health care, $1,000 a month in student loan repayment, [...]
Continue reading...Wednesday, May 20, 2009
Skadden has been ranked the top corporate law firm in the US for the ninth year in a row, according to Corporate Board Member magazine. The rankings are based on a poll of 6,300 directors and general counsel. Here are the top 20 on the America’s Best Corporate Law Firms list, including last year’s ranking: 1. Skadden Arps [...]
Continue reading...Thursday, March 26, 2009
Over five years, London firms’ hiring of lateral partners has almost doubled, from 42 hires in 2004 to 79 in 2008. The data come from a Legal Week study tracking hiring at 33 US and UK firms’ London offices. Orrick, Weil Gotshal, Arnold & Porter, Cleary Gottlieb, Cravath, and Skadden all brought on laterals. On the other hand, [...]
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Monday, March 8, 2010
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