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THE AM LAW DAILY

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The Churn

April 20, 2012 5:17 PM

The Churn: Lateral Moves and Promotions in The Am Law 200

A former Labor Department solicitor of labor joins O'Melveny & Myers; Littler Mendelson snags two partners from Seyfarth Shaw; and Sidley Austin hires a tax team from Arnold & Porter. The Churn is constant. Please send all announcements to thechurn@alm.com.

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04/20/12 Posted by Irene Plagianos

The Talent

The Age-Old Problem of Age

"Old lawyers never die," and some refuse to fade away...

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04/20/12 Posted by Steven Harper

The Work

April 19, 2012 7:08 PM

Six Am Law Firms Land Roles on GSK's $2.59 Billion Unsolicited Biotech Bid

Human Genome Sciences has rejected British pharmaceutical giant GlaxoSmithKline's takeover bid. Cleary and Wachtell are advising Glaxo, while Skadden and DLA are working with the target company.

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04/19/12 Posted by Tom Huddleston Jr.

The Work

Wachtell Helps CVR Energy Make Peace with Carl Icahn

Corporate raider Carl Icahn has reached an agreement with the management of CVR Energy under which the company will drop its poison pill provision, clearing the way for a potential $2.26 billion bid for the Sugar Land, Texas–based oil refiner.

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04/19/12 Posted by Brian Baxter

The Firms

As Partner Losses Near 70, Dewey's Troubles Spread Overseas

As the Dubai office packs up for Dechert and another New York partner leaves, attorneys in Dewey & LeBoeuf's Italy, Poland, and Russia offices attempt to combat rumors that they are also on the way out. Amid the swirl of problems, meanwhile, Dewey lawyers in the U.S. are still landing work—and even engaging in some political fund-raising.

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04/19/12 Posted by Sara Randazzo

The Firms

Spring Office Openings on Tap for Several Firms

Dechert, Ogletree Deakins, Nelson Mullins, and British litigation shop Stewarts have all announced new offices within the past week, while Hogan Lovells continues to expand its presence in Asia through a network of alliances.

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04/19/12 Posted by Brian Baxter

The Talent

What the Numbers Don't Say: Law School Applicants Are Getting Older, Not Dumber

Citing recent news that fewer high-scoring LSAT takers are applying to law school, many observers have claimed that it's "smarter" people who are steering clear. Given that older applicants tend not to do as well on the test, it's more likely that young people are the ones opting out.

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04/19/12 Posted by Matt Leichter

The Talent

The Careerist: Women's Initiatives Are Big Distractions

Women aren't getting ahead because they're wasting too much time on women's initiatives, diversity, mentoring, and other soft programs, says Sallie Krawcheck.

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04/19/12 Posted by Vivia Chen

The Work

April 18, 2012 5:54 PM

Tallying Up the TARP-Related Legal Fees Racked Up by Am Law Firms

While a recent report by Troubled Asset Relief Program inspector general Christy Romero didn't single out any specific firms for their work on the massive bailout program, it did serve as a reminder that plenty of Am Law 100 and Second Hundred shops have reaped their share of fees for TARP assignments.

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04/18/12 Posted by Brian Baxter

The Work

Cleary, S&C, Davis Polk on Hand as The Hartford Pays Back Allianz for '08 Rescue

Pressed by hedge fund billionaire John Paulson to split itself in two, The Hartford Financial Services Group has finalized a $2.43 billion deal to buy back outstanding warrants and subordinated debt held by German financial services giant Allianz, which rescued the insurer with a $2.5 billion cash infusion in 2008.

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04/18/12 Posted by Brian Baxter

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