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Cravath, Swaine & Moore LLP

WORLDWIDE PLAZA, 825 EIGHTH AVENUE, 10019-7475, USA
Tel:
Work +1 212 474 1000
Fax:
Fax +1 212 474 3700
Email:
Web:
www.cravath.com
London, NEW YORK

United States: Antitrust

Civil litigation/class actions: defense
Civil litigation/class actions: defense - ranked: tier 2

Cravath, Swaine & Moore LLP

New York-based Cravath, Swaine & Moore LLP has earned a strong reputation as a major player in class actions, individual actions and arbitrations. It represents many industry leaders and blue-chip companies from a wide range of sectors, including pharmaceuticals, financial services, transportation, chemicals and telecoms. Evan Chesler and David Marriott are the key partners representing Mylan Laboratories in a set of lawsuits related to alleged reverse payment settlement agreements between Cephalon and generic drug manufacturers. Daniel Slifkin, Michael Paskin and Damaris Hernández are defending Morgan Stanley in litigation brought by Tera Group over an alleged conspiracy among 12 credit default swap (CDS) dealers to boycott and block the emergence of Tera’s CDS trading platform. Kevin Orsini and Peter Barbur are recommended. Christine Varney leads the team. Other clients of the firm include Blue Cross Blue Shield of Tennessee, Anheuser-Busch InBev, Alcon Laboratories and American Express.

Next generation lawyers

Kevin Orsini - Cravath, Swaine & Moore LLP

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Merger control
Merger control - ranked: tier 2

Cravath, Swaine & Moore LLP

New York-based Cravath, Swaine & Moore LLP’s practice is led by Christine Varney, who acted as antitrust counsel to Alere Inc in its $8bn sale to Abbott Laboratories in 2017. Julie North advised Crown Castle International Corp on antitrust issues associated with its $7.1bn acquisition of LTS Group Holdings from Berkshire Partners, Pamlico Capital and other investors. Yonatan Even is another first-rate practitioner in the team.

Leading lawyers

Christine Varney - Cravath, Swaine & Moore LLP

Next generation lawyers

Yonatan Even - Cravath, Swaine & Moore LLP

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United States: Dispute resolution

Appellate
Appellate: courts of appeals - ranked: tier 4

Cravath, Swaine & Moore LLP

At the Second Circuit, Cravath, Swaine & Moore LLP’s Evan Chesler represented American Express in proceedings brought by the Department of Justice and 17 state attorneys general and challenging antitrust compliance of provisions in card agreements that prohibited merchants from steering customers to use other cards. In another Second Circuit example, Chesler acted for Avon Products in appeal proceedings concerning class certification of a class action alleging false advertisement.

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Corporate investigations and white-collar criminal defense
Corporate investigations and white-collar criminal defense: advice to corporates - ranked: tier 4

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP’s New York-based team is noted for its particular strength in FCPA, accounting fraud and cybercrime matters. David Stuart and Rachel Skaistis successfully represented Telia Company in a three-year, multinational SEC and DOJ investigation in connection with anti-corruption and AML compliance, resulting in a global no-monitor settlement. ‘Deeply experienced’ practice head John Buretta assisted Dutch energy company, SBM Offshore, with reaching a settlement with the DOJ in connection with legacy bribery issues in Brazil, Equatorial Guinea, Angola and elsewhere - including a deferred prosecution agreement. The group also successfully defended various financial institutions in investigations and at trial against allegations of processing monetary transactions for certain Iranian commercial banks that are purportedly used by designated terrorist groups under the Anti-Terrorism Act. Other key figures include David Stuart, John White, Benjamin Gruenstein and Gary Bornstein.

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Financial services litigation
Financial services litigation - ranked: tier 1

Cravath, Swaine & Moore LLP

Leveraging the expertise of a sizeable roster of seasoned trial lawyers, Cravath, Swaine & Moore LLP’s litigation team is regularly sought out by many of the largest financial institutions to represent them in high-stakes, reputational threatening disputes. Spearheaded by the ‘excellentRichard Clary, the firm continues to act as national co-ordinating counsel to Credit Suisse on its residential-mortgage backed securities (RMBS) litigation and has to date secured the dismissal or withdrawal of claims covering approximately $14.1bn in securities. In only the second RMBS investor case to go to trial, the team defended Credit Suisse against misrepresentation claims bought by Massachusetts Life Insurance Company regarding the offering documents connected to the purchased securities (the matter settled prior to the conclusion of the trial). Clary also continues to represent Credit Suisse in numerous other major and varied pieces of litigation, including a residual case brought against the bank by four hedge funds relating to the historical collapse of Enron and as defendant in a lawsuit filed by US soldiers wounded in Iraq (as well as by the estates of US soldiers killed in Iraq) alleging offences under the Anti-Terrorism Act. Head of litigation Daniel Slifkin has a wealth of experience acting for financial institutions such as Morgan Stanley, which he is representing in several antitrust-related disputes, including in relation to an allegation that it and several other financial institutions boycotted and conspired to block the emergence of Tera Group’s credit default swap (CDS) trading platform. Lauren Moskowitz is also recommended and has had a key role in the aforementioned Credit Suisse RMBS litigation.

Leading lawyers

Richard Clary - Cravath, Swaine & Moore LLP

Next generation lawyers

Lauren Moskowitz - Cravath, Swaine & Moore LLP

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General commercial disputes
General commercial disputes - ranked: tier 1

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP has a strong reputation for handling high-end, complex commercial litigation across various fields. Highlights in 2017 included Evan Chesler, David Marriott and David Greenwald’s representation of Alcon Laboratories in over 50 putative class actions which were centralized in Florida federal court concerning claims brought under the Sherman Act and antitrust and unfair competition laws; the same team also represented Alcon in Utah federal court and at the Tenth Circuit challenging the constitutionality of a state statute affecting contact lens manufacturers’ unilateral pricing policies. Personnel developments for the firm, which is well known for not hiring laterally, included the promotion of Rory Leraris to partner and the admission of Marriott to the American College of Trial Lawyers. Other key figures at the New York firm include J Wesley Earnhardt and Darin McAtee, who has significant trial expertise in state and federal courts and arbitration.

Next generation lawyers

J Wesley Earnhardt - Cravath, Swaine & Moore LLP

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Leading trial lawyers

Evan Chesler - Cravath, Swaine & Moore LLP The ‘excellentEvan Chesler’s ‘terrific’ expertise spans trial and appellate courts. Chesler is handling the Second Circuit appeal for American Express in a case against the DOJ and 17 state attorneys general regarding the violation of section 1 of the Sherman Act. With a strong specialism in pharmaceuticals, Chesler is representing Merck in two patent infringement claims pertaining to the marketing and sale of generic drugs, while managing qui tam actions involving allegations of False Claims Act and Anti-Kickback Statute breaches for Novartis. Qualcomm is also a major client.

Richard Clary - Cravath, Swaine & Moore LLP Richard Clary defends financial institutions in a range of general commercial disputes. In the Eastern District of New York, Clary is representing Credit Suisse in a lawsuit filed by US soldiers wounded in Iraq and the estates of deceased soldiers, involving claims under the anti-terrorism legislation. Clary is also handling RMBS matters for the client, including the suit filed by Massachusetts Mutual Life Insurance Company.

Leading trial lawyers

Evan Chesler - Cravath, Swaine & Moore LLP

Richard Clary - Cravath, Swaine & Moore LLP

Darin McAtee - Cravath, Swaine & Moore LLP

Robert Baron - Cravath, Swaine & Moore LLP

David Marriott - Cravath, Swaine & Moore LLP

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M&A litigation: defense
M&A litigation: defense - ranked: tier 1

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP in New York is ‘a fantastic firm for M&A litigation’. The practice handles high-stakes, multidistrict litigation for companies, boards of directors and special committees in state and federal courts. Antony Ryan and Kevin Orsini are representing The Williams Companies in several actions challenging its $37.7bn merger with Energy Transfer Equity. In one case, In re The Williams Cos, Inc Stockholder Litigation, the class action was dismissed. Gary Bornstein’s highlights included representing DreamWorks Animation SKG’s controlling shareholder Jeffrey Katzenberg in three consolidated class actions filed in Delaware that allege breach of fiduciary duty in the company’s $3.8bn sale to Comcast. Robert Baron is ‘a tremendous litigator’ and he represented Akorn Inc in six class action suits filed in Louisiana that challenged its $4.3bn sale to Fresenius Kabi. The cases were moved to Illinois and voluntarily dismissed. In April 2018, Sandra Goldstein moved to Kirkland & Ellis LLP.

Leading lawyers

Gary Bornstein - Cravath, Swaine & Moore LLP

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Securities litigation: defense
Securities litigation: defense - ranked: tier 1

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP in New York has a deep bench that handles high-stakes securities litigation for corporates and investment banks. The firm is the preferred counsel for Credit Suisse Group for high-value litigation and Richard Clary played a key role in obtaining successful outcomes in notable class actions, particularly those related to residential mortgage-backed securities (RMBS) transactions. With Michael Reynolds and rising star Lauren Moskowitz, he took Massachusetts Mutual Life Insurance Company v Credit Suisse First Boston Mortgage Securities Corp, et al to trial, achieving a favorable settlement before conclusion. Kevin Orsini, David Marriott and Rory Leraris is advising Mylan on a class action alleging that the company made false and misleading statements regarding, inter alia, its classification of the EpiPen treatment. ‘Terrific litigatorAntony Ryan, David Stuart and head of litigation Daniel Slifkin secured a favorable settlement for Akorn Inc in a case seeking damages for alleged misrepresentations about the company’s business, operations and internal controls. The firm’s highly recommended partners include Robert Baron, Karin DeMasi, Timothy Cameron and Evan Chesler.

Leading lawyers

Antony Ryan - Cravath, Swaine & Moore LLP

Richard Clary - Cravath, Swaine & Moore LLP

Next generation lawyers

Lauren Moskowitz - Cravath, Swaine & Moore LLP

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United States: Finance

Capital markets: debt offerings
Capital markets: debt offerings - advice to issuers - ranked: tier 1

Cravath, Swaine & Moore LLP

Capital markets: debt offerings - advice to underwriters - ranked: tier 1

Cravath, Swaine & Moore LLP

The ‘Rolls-Royce practice’ at Cravath, Swaine & Moore LLP is widely regarded as ‘a stand-out performer in the securities space’. The New York-centered team, which wins an enviable share of the market’s most high-profile transactions, is equally adept on the issuer and underwriter side and counts major multinationals and bulge bracket banks among its most active clients. North America department lead Andrew Pitts is ‘extremely strong’ and led several big-ticket transactions over the past year, including acting for the underwriters (led by Morgan Stanley, Barclays, BNP Paribas, HSBC, Bank of America Merrill Lynch, Citigroup and Mizuho Securities) on a €2.7bn offering of fixed- and floating-rate notes by Allergan Funding. In another headline underwriter-side mandate, corporate heavyweight Craig Arcella advised the underwriters on two notes offerings by Johnson & Johnson totaling $9bn. Among its issuer highlights, Stephen Burns and William Whelan assisted International Business Machines with its $2.7bn notes offering, while Johnny Skumpija, whose ‘star continues to rise’, advised Northrop Grumman on its $8.2bn notes offering. William Fogg is also a key contact.

Leading lawyers

Andrew Pitts - Cravath, Swaine & Moore LLP

Craig Arcella - Cravath, Swaine & Moore LLP

William Whelan - Cravath, Swaine & Moore LLP

Next generation lawyers

Johnny Skumpija - Cravath, Swaine & Moore LLP

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Capital markets: equity offerings
Capital markets: equity offerings - advice to issuers - ranked: tier 2

Cravath, Swaine & Moore LLP

Capital markets: equity offerings - advice to managers - ranked: tier 1

Cravath, Swaine & Moore LLP

The ‘efficient and effective’ group at Cravath, Swaine & Moore LLP attracts rave reviews for its lawyers’ ‘strong commercial acumen’ and ‘peerless market knowledge’. In particular, finance co-chair William Fogg has a ‘razor-sharp mind’ and advised the underwriters on JPMorgan Chase’s $1.2bn offering of depositary shares. North America capital markets head Andrew Pitts is widely lauded as a ‘market leader’ and he and ‘rising star’ Scott Bennett assisted the underwriters and selling stockholders with Alcoa’s $465m common stock offering. The New York-based group also continues to raise its game on the issuer side and, in what was arguably the group’s key highlight of 2017, Stephen Burns and ‘strong performerJohnny Skumpija advised Crown Castle International on its $1.5bn convertible preferred stock offering and concurrent $3.8bn common stock offering. Senior corporate figure William Whelan is also highly regarded for equity transactions.

Leading lawyers

Andrew Pitts - Cravath, Swaine & Moore LLP

William Fogg - Cravath, Swaine & Moore LLP

Next generation lawyers

Scott Bennett - Cravath, Swaine & Moore LLP

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Capital markets: global offerings
Capital markets: global offerings - advice to issuers - ranked: tier 1

Cravath, Swaine & Moore LLP

Capital markets: global offerings - advice to underwriters - ranked: tier 1

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP handled a high volume of equity, investment grade debt and high-yield debt transactions for global clients through 2017 and notably its issuer-side practice set the pace for the department - historically it has been stronger on the manager side. Company-side mandates included Scott Bennett advising Jose Cuervo’s parent company, Becle, on its MXN$12.8bn international offering of shares in the US and its concurrent MXN$5.8bn IPO on the Mexican Stock Exchange. On the debt side, Craig Arcella assisted AerCap Ireland Capital and AerCap Global Aviation Trust with two senior notes offerings totaling $1.6bn. On the manager side, Andrew Pitts, who heads the New York-centered group, acted for the underwriters on Allergan Funding’s €2.7bn fixed- and floating-rate notes offering on the NYSE. In a high-yield debt highlight, William Fogg advised the initial purchasers (led by Citigroup and Barclays) on a $500m senior notes offering by Canada’s GW Honos Security Corporation.

Leading lawyers

Andrew Pitts - Cravath, Swaine & Moore LLP

Next generation lawyers

Scott Bennett - Cravath, Swaine & Moore LLP

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Capital markets: high-yield debt offerings
Capital markets: high-yield debt offerings - advice to issuers - ranked: tier 2

Cravath, Swaine & Moore LLP

Capital markets: high-yield debt offerings - advice to underwriters - ranked: tier 2

Cravath, Swaine & Moore LLP

Key attributes of Cravath, Swaine & Moore LLP’s New York-based group include its ‘strong business mindset’, ‘strategic approach’ and ‘great responsive times’. The well-balanced practice, which is equally adept at advising issuers and underwriters, is routinely engaged by major multinationals and global investment banks for sophisticated transactions. Its underwriter-side work is particularly high-profile, with North America capital markets head Andrew Pitts recently advising the underwriters on MPLX LP’s $2.2bn high-yield notes offering and Stephen Burns and ‘the very talentedJohnny Skumpija acting for the initial purchasers in a $1bn high-yield notes offering by Chesapeake Energy. Among its issuer highlights, William Fogg assisted CyrusOne and CyrusOne Finance with two notes offerings totaling $1.2bn and Joseph Zavaglia advised Olin Corporation on its $500m notes offering. Craig Arcella and William Whelan are also specialists in the space.

Leading lawyers

Craig Arcella - Cravath, Swaine & Moore LLP

Next generation lawyers

Joseph Zavaglia - Cravath, Swaine & Moore LLP

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Commercial lending
Commercial lending: advice to borrowers - ranked: tier 3

Cravath, Swaine & Moore LLP

Commercial lending: advice to lenders - ranked: tier 1

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP has a first-class commercial lending team where the partners are equally comfortable representing lenders as well as corporate borrowers. The retirement of James Cooper is a major changing of the guard, not just for the firm, but for the industry as a whole. Nevertheless, the team has enough quality in its ranks to make up for it, including corporate managing partner Jed Zobitz, banking head Michael Goldman, Tatiana Lapushchik, Stephen Kessing, Joseph Zavaglia, and Paul Zumbro. On the lender side, the firm advised JPMorgan Chase on the $2bn-plus financing of American Axle & Manufacturing’s acquisition of Metaldyne Performance Group. The firm also represented aircraft leasing company AerCap on a $3.745bn four-year revolving credit facility arranged by Citibank.

Leading lawyers

Jed Zobitz - Cravath, Swaine & Moore LLP

Michael Goldman - Cravath, Swaine & Moore LLP

Next generation lawyers

Joseph Zavaglia - Cravath, Swaine & Moore LLP

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United States: Industry focus

Environment: transactional
Environment: transactional - ranked: tier 1

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP’s New York team advises clients on the full range of environmental matters arising from business transactions, including gaining access to capital markets, the day-to-day management of their operations, and dispute resolution. Matthew Morreale is in charge of the environmental practice; he led advice to Crown Castle International on its $7.1bn acquisition of LTS Group Holdings, which owns or has rights to approximately 32,000 route miles of fiber, from Berkshire Partners, Pamlico Capital and other investors. The practice also provided IBM with environmental advice during its acquisition of Agile 3 Solutions, a developer of software used by senior executives to manage risks associated with the protection of sensitive data. Other notable clients include AngloGold Ashanti, Honeywell, Johnson & Johnson, and Unilever. Senior attorney Annmarie Terraciano is also highly rated.

Leading lawyers

Matthew Morreale - Cravath, Swaine & Moore LLP

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United States: Intellectual property

Patent litigation: full coverage
Patent litigation: full coverage - ranked: tier 4

Cravath, Swaine & Moore LLP

In New York, Cravath, Swaine & Moore LLP specializes in the technology, pharmaceutical and semiconductor sectors. Recent highlights include defending Alarm.com against a suit filed by Vivent regarding patents covering remote monitoring, equipment control and home-located electronic devices and location-based alerting system patents. The group also represented Amgen in litigation filed by AbbVie regarding a biosimilar patent, eventually settling the case favourably. And plaintiff Merck engaged the team to assist with three Hatch-Waxman suits against Actavis Laboratories, Roxane Laboratories and Par Pharmaceutical regarding generic versions of an antifungal agent. Other clients include Qualcomm, Juno Therapeutics and OrbusNeich Medical. Richard Stark, Keith Hummel, David Greenwald, David Kappos, David Marriott and Evan Chesler are the key players. Roger Brooks retired. Teena-Ann Sankoorikal joined Levine Lee LLP.

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United States: Labor and employment

Employee benefits, executive compensation and retirement plans: transactional
Employee benefits, executive compensation and retirement plans: transactional - ranked: tier 2

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP focuses on executive compensation and benefits matters in the context of M&A transactions, and practice head Eric Hilfers is part of a team advising Disney on its acquisition of 21st Century Fox. He also recently assisted Crown Castle with several transactions, including its $7.1bn acquisition of Lightower from Berkshire Partners and Pamlico Capital. The team regularly assists with significant cross-border mandates, such as Jennifer Conway advising Santander on its takeover of Citigroup’s onshore consumer credit card, consumer brokerage and retail banking businesses in Argentina; Conway also assisted Time Warner with its sale to AT&T. Also noteworthy is Jonathan Katz, who is leading the advice to new client Northrop Grumman with respect to its acquisition of Orbital ATK. Other key clients include Johnson & Johnson, IBM and Brookfield. All named individuals are based in New York.

Leading lawyers

Eric Hilfers - Cravath, Swaine & Moore LLP

Next generation lawyers

Jonathan Katz - Cravath, Swaine & Moore LLP

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United States: M&A/corporate and commercial

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

Cravath, Swaine & Moore LLP

Despite its relatively small size compared to its tier one competitors, Cravath, Swaine & Moore LLP has a tremendous record in high-profile and complex deals, including transactions for existing and new clients. The M&A practice attracts an impressive number of deals, both at a domestic and international level, and across a variety of industries. Despite not having an extensive international network (its only offices are in New York and London), it continues to work on a multitude of cross-border deals. In 2017, it advised Johnson & Johnson on its $30bn acquisition of Switzerland-based Actelion, a deal which involved Actelion spinning-off its drug discovery operations and early-stage clinical development assets into Idorsia, a newly created Swiss biopharmaceutical company; this was the largest transaction in Johnson & Johnson’s history. The firm continued to advise British American Tobacco on its landmark $97bn merger with Reynolds American, through the acquisition of the remaining 58% stake in the company. In other headline matters, it advised Unilever on the $143bn unsolicited offer from The Kraft Heinz Company to acquire the company; the proposal was subsequently withdrawn. It was also engaged by The Linde Group to advise on its pending $70bn merger of equals with Praxair. The firm’s ‘level of service is exceptional’ and it is ‘a cut above the rest’, according to one client. It ‘tailors guidance appropriately towards lawyers, executives and boards’ and ‘knows the law and business and how the two interact better than anyone’. The firm is awash with senior-level talent, including ‘phenomenal lawyer’ and presiding partner Faiza Saeed, Mark Greene, Richard Hall, Robert Townsend and Damien Zoubek, who ‘commands respect from a room’ and is ‘a real force in driving outcomes both legally and commercially’. George Schoen is an emerging name, having impressed with deals for major clients such as IBM. Thomas Dunn has ‘exceptional judgment’ and Erik Tavzel is also increasingly prominent, and Ting Chen, Aaron Gruber and Keith Hallam are among the next generation of top talent. Eric Schiele moved to Kirkland & Ellis LLP.

Leading lawyers

Faiza Saeed - Cravath, Swaine & Moore LLP

Mark Greene - Cravath, Swaine & Moore LLP

Richard Hall - Cravath, Swaine & Moore LLP

Robert Townsend - Cravath, Swaine & Moore LLP

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United States: Media, technology and telecoms

Media and entertainment
Media and entertainment - ranked: tier 2

Cravath, Swaine & Moore LLP

As ‘one of the key firms in this space for both transactions and litigation’, Cravath, Swaine & Moore LLP provides advice to ‘an unbelievably high-profile client roster’ that includes the likes of the Walt Disney Company, Barnes & Noble and Cable One. Presiding partner Faiza Saeed is the ‘go-to corporate partner in the group’; her recent work includes advising Amblin Partners on a minority investment by Universal Filmed Entertainment and assisting Time Warner with its pending $109bn sale to AT&T. Clients also praise the ‘exceptionally talentedTing Chen. Key names in the disputes practice include Karin DeMasi and Evan Chesler, who recently represented DreamWorks Animation in litigation related to an SEC investigation – the investigation itself was handled by Benjamin Gruenstein. DeMasi is also the main contact for HBO, advising the client on issues surrounding its programs and content. All attorneys mentioned are based in New York. Eric Schiele joined Kirkland & Ellis LLP in 2018.

Leading lawyers

Faiza Saeed - Cravath, Swaine & Moore LLP

Next generation lawyers

Ting Chen - Cravath, Swaine & Moore LLP

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Technology: transactions
Technology: transactions - ranked: tier 2

Cravath, Swaine & Moore LLP

With technology clients ranging from entrepreneurial start-ups to blue-chip industry leaders, Cravath, Swaine & Moore LLP has a longstanding reputation for representing technology companies in their most significant transactions. The practice has acted for IBM in corporate matters for decades, and advised on its recent initial $3bn registered fixed- and floating-rate notes offering of IBM Credit. Other key deals included George Schoen advising Scientific Games Corporation on its acquisition of NYX Gaming Group. The team also advised the strategic review committee of the board of directors of Yahoo! on the $4.48bn sale of Yahoo!’s operating business to Verizon Communications; and acted for Xerox Corporation in its spin-off of Conduent, the world’s largest provider of diversified business process services. David Kappos leads the firm’s IP work; and Keith Hallam is also highly regarded.

Leading lawyers

George Schoen - Cravath, Swaine & Moore LLP

Next generation lawyers

Keith Hallam - Cravath, Swaine & Moore LLP

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Telecoms and broadcast: transactional
Telecoms and broadcast: transactional - ranked: tier 2

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP’s ‘excellent’ New York-based transactions team focuses on telecoms-related M&A and capital markets deals, and is highlighted for its ‘business acumen’, ‘industry knowledge’ and ‘strength of team’. M&A specialist Robert Townsend leads the practice and assisted Cincinnati Bell with its $650m merger with Hawaiian Telcom. George Schoen is ‘the complete lawyer for M&A’ and is highly experienced in technology transactions. Capital markets transactions are typically handled by William Fogg, Scott Bennett and Johnny Skumpija. Notable work highlights included Fogg advising CyrusOne on two notes offerings which together amounted to $1.2bn, Bennett assisting Qualcomm with its $11bn debt offering, Skumpija working with Cox Communications on a $2.6bn notes offering, and Cooper advising Level 3 Communications on $4.6bn-worth of loans from Merrill Lynch and Bank of America to finance its existing indebtedness. The team also assisted Crown Castle International with its $7.1bn purchase of LTS Group Holdings from a number of investors, advised Time Warner on its proposed $108.7bn merger with AT&T, advised Cable ONE on its $735m acquisition of NewWave Communications from GTCR, and assisted the Strategic Review Committee of the Board of Directors of Yahoo! with the $4.48bn sale of its operating business to Verizon.

Leading lawyers

Robert Townsend - Cravath, Swaine & Moore LLP

Next generation lawyers

Johnny Skumpija - Cravath, Swaine & Moore LLP

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United States: Tax

International tax
International tax - ranked: tier 1

Cravath, Swaine & Moore LLP

New York-based Cravath, Swaine & Moore LLP advises clients on the full gamut of tax issues associated with international business transactions, including mergers and acquisitions, spin-offs, joint ventures and private equity deals. Lauren Angelilli and Stephen Gordon assisted multinational chemical company Ashland with the tax-free separation of its Valvoline business into an independent publicly traded company, while Andrew Needham advised British American Tobacco on its $97bn merger with Reynolds American. Of counsel Michael Schler is also recommended. Christopher Fargo and recently made partner Kara Mungovan are stars of the future.

Leading lawyers

Andrew Needham - Cravath, Swaine & Moore LLP

Lauren Angelilli - Cravath, Swaine & Moore LLP

Stephen Gordon - Cravath, Swaine & Moore LLP

Next generation lawyers

Christopher Fargo - Cravath, Swaine & Moore LLP

Kara Mungovan - Cravath, Swaine & Moore LLP

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US taxes: non-contentious
US taxes: non-contentious - ranked: tier 1

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP’s six-partner tax department in New York provides crucial support in relation to M&A transactions, spin-offs, company formations, security and debt offerings, as well as financial transactions. Recently Lauren Angelilli and Stephen Gordon advised Disney on its acquisition of 21st Century Fox. Another highlight for Angelilli and for Christopher Fargo was advising on Cable One’s acquisition of NewWave Communications. Andrew Needham and Leonard Teti were active for key client IBM in several matters, including the acquisition of Verizon Communications’ cloud and managed hosting service. Teti also advised Johnson & Johnson on its $4.32bn acquisition of Abbott Medical Optics. Kara Mungovan made partner in January 2017.

Leading lawyers

Andrew Needham - Cravath, Swaine & Moore LLP

Lauren Angelilli - Cravath, Swaine & Moore LLP

Stephen Gordon - Cravath, Swaine & Moore LLP

Next generation lawyers

Leonard Teti - Cravath, Swaine & Moore LLP

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Latin America: International firms

Capital markets
Capital markets - ranked: tier 4

Cravath, Swaine & Moore LLP

At Cravath, Swaine & Moore LLP, key Latin America partner David Mercado has transferred back to New York from London, enabling him to focus more on the Latin America region. He and the team have gained considerable traction in high-yield debt issuances, a key strength of the firm in the New York and London offices. The firm is also prominent in big-ticket IPOs, such as Jose Cuervo’s 2017 listing, Mexico’s largest IPO in more than three years. In other notable deals, the team advised the initial purchasers on both the $900m 144A/Reg S notes offering by Chilean pulp and paper manufacturer Celulosa Arauco y Constitución and the $500m notes offering by Chile’s Inversiones CMPC.

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Corporate and M&A
Corporate and M&A - ranked: tier 3

Cravath, Swaine & Moore LLP

David Mercado’s relocation to Cravath, Swaine & Moore LLP’s New York office from London will help further his already impressive Latin America practice. Working alongside colleagues in the firm’s top-tier New York M&A practice, he and the firm have achieved an impressive market share of cross-border deals involving Latin American entities. Over the years, Mexico and Brazil have been the firm’s primary markets, although it has also participated in considerable deal flow in Chile and Argentina. The firm also works with long-term client Banco Santander on a regular basis, with 2017 highlights including advice to Banco Santander Río on its acquisition of the onshore consumer credit card and consumer brokerage and retail banking businesses of Citigroup in Argentina. Moreover, it advised Florida East Coast Railways Holdings on its $2.1bn sale to GMéxico Transportes. Richard Hall and Keith Hallam are also regular advisers on deals involving Latin America.

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    The UAE has climbed to sixth place in 2017 from seventh in 2015 on the list of the future leading maritime capitals.
  • Digital Directions

    Digital assets are the foundation of the new economy, and the developments of it continue to hit the headlines regularly. Our Partner & Head of Commercial & Technology, Irina Heaver explains different regulations depending on the nature of the specific assets.  This article was also published in LexisNexis - Middle East. 
  • All You Need to Know About Debt Recovery Procedures in the UAE

    According to the 2018 Global Ranking on Debt Collection, UAE is one of the most challenging places in the world for recovering the debt. With this in mind, keeping an eye on your cash-flow and expenditures are more vital than ever! Fichte & Co.’s dedicated Corporate and Litigation teams provide specialized commercial advice both for creditors and debtors and offer a tailor-made solution, including methods of recovery involving both judicial and quasi-judicial proceedings. Our debt recovery services minimize the time and expenditure involved in the pursuit of defaulting companies or individuals by applying a “No Cure – No Pay” policy. In the below article, our Associate & Litigator, Moaz Mustafa explains the debt recovery process, the court procedures and the time limitation in the UAE.
  • Examining FIDIC Construction Contracts: Part 1 – The Dispute Adjudication Board

    It is usual for construction and infrastructure projects in the UAE to be procured under FIDIC-based construction contracts, with varying degrees of amendment. Although FIDIC- Fédération Internationale Des Ingénieurs-Conseils (International Federation of Consulting Engineers) contracts are generic and internationally recognized standard form construction contracts, they require amendment for use in the UAE market. In the below article, our Litigator, Mahmoud Ahmed talks about few terms & conditions of this most popular and widely used FIDIC contract.
  • Endofa could be stuck with million dollar claim in Dubai

    A claim of close to USD 1 million against Endofa in Dubai is not likely to go away even though the bunker company is now closing its company in the desert state, says a local lawyer specialized in shipping. The claim stems from a failed oil transaction in Africa.