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Hogan Lovells US LLP

525 UNIVERSITY AVENUE, 4TH FLOOR, PALO ALTO, CA 94301, USA
Tel:
Work +1 650 463 4000
Fax:
Fax +1 650 463 4199
Email:
Web:
http://www.hoganlovells.com

Richard Climan

Tel:
Work +1 (650) 463. 4074
Email:
Hogan Lovells US LLP

Work Department

Corporate

Position

Richard E. Climan is a leading M&A lawyer who has handled some of the most prominent and industry-changing acquisitions in the technology and life sciences sectors over the past three decades. He has been described as "one of the best legal minds in M&A" and a "gold-standard transactional lawyer."

Career

Recognized as of one of the 10 most highly regarded M&A lawyers and one of the 10 most highly regarded corporate governance lawyers in North America by Who's Who Legal, Rick excels at negotiating and advising multinational clients on all types of acquisition transactions and related matters. In Chambers USA, he has a Band 1 ranking, being described by clients as "the dean of M&A."

As a member of the adjunct faculty at UCLA School of Law and a lecturer at UC Berkeley School of Law, Rick has co-taught, with Chief Justice Leo Strine of the Delaware Supreme Court, a course titled "Real World M&A."

For more than 25 years, Rick has been an active member of the American Bar Association Business Law Section's M&A Committee, a group with more than 4,000 members internationally. He served as Chair from 2002 to 2006 and is currently a member of the Committee's Executive Council. He also co-Chairs the ABA's annual National M&A Institute, now in its 22nd year, and was former Chair of the Securities Regulation Institute, presented by Northwestern School of Law in Coronado. He is founding chair of the "Buyer Power Ratio" deal points study, which was launched in 2017.

Rick lectures around the world on M&A-related matters and has participated in M&A-related presentations at Harvard, Columbia, Stanford, UC Berkeley, and University of Virginia law schools.

Education

J.D., cum laude, Harvard Law School, 1977

B.A., cum laude, Harvard College, 1974


United States: Industry focus

Healthcare: life sciences

Within: Healthcare: life sciences

Considered among the ‘go-to’ firms in the industry, Hogan Lovells US LLP’s practice excels in handling regulatory and corporate transactions, as well as IP matters. The practice’s litigation expertise was strengthened following the firm’s merger with Collora. In Baltimore, global chair Asher Rubin led advice to Pfizer as an investor in the SpringWorks Therapeutics venture regarding the development of new healthcare projects. In New York, the well-regarded Adam Golden has been advising Valeant Pharmaceuticals on all aspects of the $820m sale of Dendreon Pharmaceuticals to Sanpower Group. In Washington DC, regulatory experts Philip Katz and James Johnson have been assisting Chinese pharmaceutical manufacturer Hisun Pharmaceuticals with Food and Drug Administration (FDA) and compliance issues. Other names to note are David Fox in Washington DC, as well as Janice Hogan and Susan Lee in Philadelphia. The practice was significantly strengthened by the arrival of former Weil, Gotshal & Manges LLP M&A lawyers Keith Flaum, Richard Climan and Jane Ross in Silicon Valley, as well as technology expert John Brockland in San Francisco. Jason Hadges, David Horowitz, Edith Ramirez and Patricia Shrader joined the Washington DC office from the DEA, HHS, FTC and Medtronic, respectively. Jennifer Henderson and Christopher Schott were promoted to partner in Washington DC, while Michael Szlamkowicz was promoted to partner in New York. Washington DC-based Kristin Duggan is now of counsel. Anishiya Abrol is also a name to note in Washington DC.

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)

Within: M&A: large deals ($1bn+)

Hogan Lovells US LLP’s national coverage was greatly enhanced by the arrival of a prominent team from Weil, Gotshal & Manges LLP, led by Richard Climan, Keith Flaum and Jane Ross, to its Silicon Valley office in 2017. The team brings a wealth of technology sector experience, having advised on many of the largest transactions involving West Coast-based tech companies. Before joining the firm, Flaum advised Oracle on a series of transactions, including its $9.3bn acquisition of NetSuite. The firm is also strong in real estate deals, especially those involving REITs, as well as in aerospace, defense and government-related transactions. The automotive, healthcare and life sciences sectors are also key for the firm, and it is looking to grow its presence in relation to energy, natural resources and infrastructure; to this end it hired energy sector specialist Greg Hill into its Houston office from Locke Lord LLP in 2017. Major clients include Oracle, Dell Technologies, Lockheed Martin, Novartis, Honeywell, Allergan, Daimler and General Electric. The firm advised JBG Companies on its $8.4bn merger with Vornado Realty Trust to create JBG Smith Properties, the largest public real estate company in Washington DC. It also represented Orbital ATK, an aerospace and defense technologies company, in its $9.2bn sale to global security company Northrop Grumman. Clients praise the team for its expertise in ‘complex cross-border deals’, its ‘sterling and unmatched service’, its ability to act as ‘true collaborators and counselors’ and for ‘never letting the legal cart drive the business horse’. New York and Washington DC based global head of the M&A practice William Curtingets impossible deals done’ and is commended for his ‘experience, creativity, availability and business understanding’. Joseph Gilligan is co-chair of the US M&A committee and New York’s Alex Johnson is a key name in media and private equity transactions. New York partner Adam Golden is recommended for healthcare and life sciences deals, and Glenn Campbell (Baltimore) and Elizabeth Donley are also pivotal members of the team. David Bonser is a leader in real estate and REIT transactions. Attorneys are Washington DC based unless stated otherwise.

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United States: Media, technology and telecoms

Technology: transactions

Within: Technology: transactions

Hogan Lovells US LLP hired a highly regarded team of technology transaction experts from Weil, Gotshal & Manges LLP, including Richard Climan, Keith Flaum, Jane Ross and Christopher Moore in Silicon Valley and John Brockland in San Francisco. The team is experienced in deals involving software, semiconductors, mobile communications, internet and e-commerce. Highlights included advising Marvell Technology Group on the IP, technology and corporate aspects of its $6bn acquisition of chipmaker Cavium. Other key advisers are Washington DC-based communications practice head Michele Farquhar; global M&A head William Curtin III, who works from the New York and Washington DC offices; Randy Segal, who is based in the Northern Virginia, Silicon Valley and Washington DC offices; and the firm’s US commercial practice head Audrey Reed, who divides her time between Washington DC and New York. Other recommended practitioners include Mark Brennan, Ari Fitzgerald, Trey Hanbury and Steven Kaufman in Washington DC; Silicon Valley-based Nathaniel Gallon; and Denver-based David London.

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Telecoms and broadcast: transactional

Within: Telecoms and broadcast: transactional

Hogan Lovells US LLP’s team is spread across a number of its US offices. In Northern Virginia, Steven Kaufman jointly heads the space and satellite practice, and has notable expertise in M&A, contracts and financings. Co-head Randy Segal has extensive experience in satellite, drone and wireless transactions. Of counsel Jeffrey Epstein joined this team in 2017, having previously worked as general counsel for TerreStar Networks. In Washington DC, Michele Farquhar is head of communications and is experienced in obtaining regulatory approvals for transactions, as well as spectrum auctions and licensing matters. Other key team members include Trey Hanbury, a regulatory specialists with particular strengths in spectrum, satellite and wireless issues; Alexander Maltas, who is known for regulatory issues and licensing agreements; spectrum policy specialist Ari Fitzgerald; and privacy expert Mark Brennan. Hanbury recently conducted due diligence for HC2 on its portfolio of broadcast television licenses. In Denver, broadcast specialist Niki Tuttle recently advised CBS on its agreements with Hulu surrounding its new live television streaming services. Transactions specialists Mark Kurtenbach and David Toy are also key names from the Denver office; Kurtenbach recently assisted The Anschutz Corporation, the majority shareholder in Regal Entertainment Group, with Cineworld’s $3.6bn purchase of Regal, while Toy advised the Digital Cinema Distribution Coalition on its satellite distribution of feature film content directly from studios to theatres. The firm recently bolstered its Silicon Valley office with numerous additions to its M&A team, including Richard Climan, Keith Flaum, Jane Ross, John Brockland and Christopher Moore, who all joined from Weil, Gotshal & Manges LLP. Mike Frank from Sidley Austin LLP is also a new arrival.

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