The Work

April 18, 2012 5:52 PM

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.

04/18/12 Posted by Brian Baxter

The Work

Four Firms Grab Roles on Couche-Tard's $2.8 Billion Statoil Deal

Canadian firm Davies Ward Phillips & Vineberg, along with Eversheds and Norwegian firm Haavind, is advising Canadian convenience store giant Alimentation Couche-Tard in connection with its acquisition of  Norway's Statoil Fuel & Retail.

04/18/12 Posted by Irene Plagianos

The Work

Sidley, Milbank Lead on SXC's $4.4 Billion Catalyst Buy

In a deal that means more consolidation for the health care industry, SXC Health Solutions will buy rival pharmacy-benefits manager Catalyst Health Solutions. Fried Frank, along with Canadian firms Stikeman Elliott and Heenan Blaikie, are also advising on the transaction.

04/18/12 Posted by Tom Huddleston Jr.

The Work

Three Firms Take Knology Private in $1.5 Billion Cable Deal

Alston & Bird, Hogan Lovells, and Kirkland & Ellis are advising on the $750 million all-cash acquisition, excluding debt, of broadband communications provider Knology by Wow Internet, Cable & Phone.

04/18/12 Posted by Brian Baxter

The Talent

Did Shearman Associate, a Pippa Pal, Flash a Pistol at Paris Paparazzi?

Romain Rabillard, a Paris-based Shearman & Sterling corporate finance associate, was photographed over the weekend waving what appeared to be a gun while chauffeuring English socialite Pippa Middleton, sister-in-law of Prince William, the heir to the British crown. Authorities have deemed the matter a "low priority."

04/18/12 Posted by Brian Baxter

The Work

April 17, 2012 7:10 PM

Latham, Cleary Have Deep Ties to Deals at Heart of Argentine Oil Nationalization

In addition to provoking an international imbroglio, the Argentine government's controversial move to partially nationalize YPF, the local subsidiary of Spanish oil giant Repsol, prompted The Am Law Daily to revisit Latham & Watkins's relationship with Repsol and to take a look at Cleary Gottlieb Steen & Hamilton's Argentina connections.

04/17/12 Posted by Brian Baxter

ABA Panel Abandons Nonlawyer Ownership Proposal

In the latest blow to those who want to shake up the way U.S. law firms are funded and managed, an American Bar Association panel says it is no longer considering a rule change that would allow a broad group of law firm employees to take stakes in their employers.

04/17/12 Posted by Sara Randazzo

The Talent

The Careerist: How To Ditch the Law Firm and Land a Dream Job

Tips on how to break into the nonprofit sector. Lesley Rosenthal, the general counsel at New York's Lincoln Center, offers some practical advice.

04/17/12 Posted by Vivia Chen

The Churn

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

Ogletree opens a new office in New York with a team from Seyfarth Shaw; DLA Piper hires three Chicago partners from Morgan, Lewis; and Proskauer has a new California labor and employment law group cochair. The Churn is constant. Please send all announcements to [email protected].

04/17/12 Posted by Irene Plagianos

The Work

Buyout Firm New Mountain Taps Simpson Thacher for $1.3 Billion Insurance Takeover

Private equity firm New Mountain Capital has turned to Simpson Thacher & Bartlett for counsel on a $1.3 billion deal to recapitalize and take control of AmWINS Group, the largest wholesale insurance broker in the U.S. Robinson Bradshaw & Hinson is advising AmWINS on the matter.

04/17/12 Posted by Brian Baxter