Home

What’s to Become of Wyeth Counsel in Pfizer Merger?
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Brooklyn pharmaceutical giant Pfizer recently announced that it will acquire rival Wyeth for $68 billion. Pfizer will cut more than 8,000 jobs in the merger, and in anticipation of cholesterol drug Lipitor losing patent protection in 2011.

Now the Legal Intelligencer reports that Pfizer has been trimming its outside counsel, and that Wyeth counsel are unsure of their futures.

Pfizer Inc. has made no secret of its intentions to slash thousands of jobs once a planned merger with pharmaceutical competitor Wyeth goes through, but it may be too early to tell how Wyeth’s 300-person worldwide legal department will be affected.

  
What
Where


What does seem clear is the effect a merger would have on Wyeth’s outside counsel.

In 2006, Pfizer went through a dramatic paring down of its outside firms, reducing the number by 80 percent in what it called its P-3 program, or Pfizer Partnering Program…

Wyeth, on the other hand, still employs hundreds of outside law firms…

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




One source familiar with the deal said Wyeth is far behind Pfizer in this process and, given that Pfizer is the acquirer, it may pass down some of its methods for managing outside counsel onto Wyeth.

“Outside counsel will be impacted at some point,” the source said.



Read the article.



 

RELEVANT JOBS

Associate Attorney

USA-CA-Santa Ana

La Follette, Johnson, a prestigious litigation defense firm in business for over 50 years, specializ...

Apply now

Attorney-Adviser (entry level)

USA-TX-Fort Worth

Many vacancies in the following locations: Anchorage, AK; El Segundo, CA; Washington,...

Apply now

Associate Attorney

USA-MI-Traverse City

Job Title: Associate Attorney – Estate Planning & Elder Law Location: Northwestern Michigan (...

Apply now

Associate Attorney

USA-MI-Cadillac

Job Title: Associate Attorney – Estate Planning & Elder Law Location: Northwestern Michigan (...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top