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Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 AVENUE OF THE AMERICAS, NEW YORK, NY 10019-6064, USA
Tel:
Work +1 212 373 3000
Fax:
Fax +1 212 757 3990
Web:
www.paulweiss.com
Beijing, Hong Kong, London, New York, Tokyo, Toronto and 2 more

United States: Antitrust

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

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP has seen its fair share of cases in sectors that have been active on the antitrust litigation front. In financial services, firm chairman Brad Karp and Andrew Finch led advice to Deutsche Bank in the international investigations and follow-on class actions relating to the bank’s role in the LIBOR manipulation scandal. In pharmaceuticals, Joseph Simons and Aidan Synnott are representing Pfizer in the settlement of a class action alleging monopolistic practices concerning its anti-seizure drug Neurontin. In sports, Simons and Daniel Toal are defending Major League Baseball (MLB) in allegations, brought by a class of purchasers of television packages, that MLB is violating Sections 1 and 2 of the Sherman Act by conspiring to prohibit teams from broadcasting their individual games nationwide. Kenneth Gallo and Jacqueline Rubin are other names to note. Beth Wilkinson left in January 2016 to found a boutique trial firm.

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United States: Dispute resolution

Financial services: litigation
Financial services: litigation - ranked: tier 1

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Led by the ‘experienced and accomplishedBrad Karp out of New York, Paul, Weiss, Rifkind, Wharton & Garrison LLP has a long and distinguished track record representing domestic and international financial institutions in their bet-the-company investigations and enforcement proceedings, as well as in parallel civil litigation. Karp has been a pivotal member of the team, also including Susanna Buergel, that has achieved a number of favorable results for Citigroup in litigation and regulatory investigations relating to matters stemming from the credit crisis; including successfully resolving a non-criminal investigation concerning alleged misrepresentation and omissions in RMBS offering materials, and securing a relatively less onerous fine than other defendants, as a result of its decision to reach an early settlement with the Federal Housing Finance Agency (FHFA) regarding its offer and sale of RMBS to Fannie Mae and Freddie Mac. Formerly deputy director of the SEC’s division of enforcement, Walter Ricciardi has deep insight into agency behaviour and was a key member of the team that successfully resolved, on behalf of Deutsche Bank, various regulatory investigations into its role in LIBOR manipulation. Richard Rosen, Daniel Kramer, Bruce Birenboim and Charles Davidow are also recommended.

Leading lawyers

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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General commercial disputes
General commercial disputes - ranked: tier 1

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP was engaged in high-stakes litigation throughout 2015, often handling cases with a commercial litigation component and parallel regulatory investigations. For key client Citigroup, teams led by Brad Karp have recently handled international arbitration proceedings brought by a sovereign wealth fund concerning a $7.5bn investment, closely watched litigation concerning an SEC settlement, which concerned the scope of judicial review of regulatory settlements, as well as a host of litigation connected with RMBS sales. Karp and a team that included Theodore Wells and Bruce Birenboim represented the NFL in a landmark concussion settlement with former NFL players. Media and entertainment is another area of strength, where Jay Cohen and Allan Arffa are particularly prominent. Daniel Beller and Leslie Fagen are also recommended. All partners are based in New York.

Leading lawyers

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Theodore Wells - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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Leading trial lawyers

Jay Cohen - Paul, Weiss, Rifkind, Wharton & Garrison LLP: Jay Cohen has an enviable client base within the creative industries. Working at the forefront of developments in this area, he represented the American Society of Composers, Authors and Publishers in a closely watched trial to determine a reasonable license fee for music used by the Pandora streaming service. Cohen was part of the team that successfully defended Citigroup in numerous courts and arbitration proceedings against claims by sovereign wealth fund ADIA alleging breach of contract, negligent misrepresentation and breach of fiduciary duty, among other things.

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP: Brad Karp is ‘terrific with financial cases’ and has represented Citigroup in a vast range of contentious matters across the country, including regulatory investigations and litigation involving claims of fraud, breach of contract, and negligent misrepresentation. Another key client is AXA Equitable Life Insurance, which Karp defended in a class action case brought by individuals that claimed to have suffered loss as a result of alleged misrepresentation of their financial status; Brad secured a dismissal of all claims with prejudice.

Theodore Wells - Paul, Weiss, Rifkind, Wharton & Garrison LLP: The ‘superbTheodore Wells is ‘convincing, compelling and entertaining’. A top trial attorney, he has a reputation for handling the most significant cases on behalf of the most high-profile clients. Of particular note in recent times was his representation of the NFL in its substantial concussion class action, which saw Wells secure a favorable settlement for his client. Wells’ highlights in 2015 included numerous high-value disputes, with a particular focus on RMBS cases. He is currently acting as co-lead counsel to Citigroup in defending claims brought by AIB alleging Citigroup was complicit in a rogue trading scheme. These cases are some of the most closely watched in the financial services market.

Leading trial lawyers

Theodore Wells - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Jay Cohen - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York ‘has a fantastic litigation group and is first rate for directors and officers matters’. Clients describe ‘a great firm with great lawyers and true courtroom litigators’, including firm chair Brad Karp and Richard Rosen. The highly respected Daniel Kramer achieved the dismissal of a shareholder derivative suit for home security company ADT. Karp, Kramer and deputy chair of the securities litigation and enforcement group Audra Soloway represented Bank of America in numerous SEC and shareholder actions concerning allegations that it failed to disclose billions of dollars of losses by Merrill Lynch in the months before the two banks merged. Many members of the New York team have been involved in securities matters and regulatory enforcement actions for key client Citigroup, including Susanna Buergel, who is another deputy chair of the securities litigation and enforcement group, Charles Davidow, Bruce Birenboim and Claudia Hammerman. One significant case saw the firm secure a very favorable settlement in a matter arising from the sale of CDOs. The firm also advised Deutsche Bank on highly publicized multi-jurisdictional matters concerning alleged manipulation of LIBOR. Martin Flumenbaum and Andrew Ehrlich, a rising star who won a victory for Pfizer in federal court, are also recommended.

Leading lawyers

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Daniel Kramer - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Richard Rosen - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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White-collar criminal defense
White-collar criminal defense - ranked: tier 1

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Considered ‘excellent in all areas’, Paul, Weiss, Rifkind, Wharton & Garrison LLP’s New York-based team is well known for representing major financial institutions in investigations, as well as defending individuals in litigation. Chair of the firm Brad Karp and Michele Hirshman are among those who advise BNY Mellon on alleged mispricing of foreign exchange transactions. Together with Theodore Wells and Roberto Finzi, Karp also advised Deutsche Bank on inquiries concerning the setting of LIBOR that involve numerous regulators and jurisdictions. Karp, Wells and Lorin Reisner (‘provides great depth to the team’) advised the NFL on investigations into alleged misconduct at two football teams. Michael Gertzman is also recommended. Mark Pomerantz is now of counsel.

Leading lawyers

Theodore Wells - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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United States: Finance

Capital markets: debt offerings
Capital markets: debt offerings - advice to issuers - ranked: tier 3

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Capital markets: debt offerings - advice to managers - ranked: tier 4

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP has a significant debt practice, particularly in the high-yield space on behalf of issuers, where it attends to the financing needs of a stable of private equity clients. Gregory Ezring and John Kennedy jointly lead the ‘intelligent and practical’ team, which also includes ‘standoutMonica Thurmond. Notable recent maters include Kennedy handling cruise ship operator Carnival’s offering into Europe of €1.25bn of senior notes. Other representative examples include Andrew Foley assisting Canadian Pacific Railway with various offerings of notes totaling $2.7bn and Raphael Russo acting for Ralph Lauren on a $300m notes offering. On the underwriter side, Christopher Cummings advised on various notes offerings by TransCanada PipeLines.

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

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s ‘strong equity-side practice’ acted for Virtu Financial on its $336m IPO, handled Spectrum Brands Holdings’ $563m secondary offering of common shares, and advised Morgan Stanley, Credit Suisse and RBC as underwriters in the $150m IPO of Shopify. The group’s industry expertise spans a range of sectors including energy, telecoms, apparel and leisure, and the firm has notable experience advising both domestic and cross-border clients. John Kennedy is recommended as ‘a great lawyer with a solid grasp of the rules’. Gregory Ezring, Monica Thurmond and Lawrence Wee are also key figures in the New York office. Apollo Global Management, Citigroup and Ralph Lauren are other notable clients.

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Capital markets: global offerings
Capital markets: global offerings - advice to corporates - ranked: tier 4

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP has ‘deep knowledge of the mechanics of Canada-US capital markets transactions’ and fields a ‘deep bench of highly effective and specialized partners’, who predominantly focus on high-end issuer work. Andrew Foley, who splits his time between Toronto and New York, recently assisted Canadian Natural Resources on debt offerings totaling $1.2bn, while in a Europe-based deal, global practice head Mark Bergman, who is currently residing in the London office, and Raphael Russo advised Shawbrook on its London IPO, which raised £90m and valued the company at £725m. On the underwriter side, Christopher Cummings acted for Morgan Stanley, Credit Suisse and RBC in the $151m IPO of common shares by Canadian commerce platform Shopify. Edwin Maynard demonstrates ‘particular strength in acting on the issuer side’. Catherine Goodall and Brian Janson were both promoted to the partnership. All mentioned attorneys are based in New York unless otherwise stated.

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

Paul, Weiss, Rifkind, Wharton & Garrison LLP

The ‘very strong group’ at Paul, Weiss, Rifkind, Wharton & Garrison LLP is particularly prominent in issuer-side representations in the high-yield space, which is largely a function of its sizeable private equity practice. Highlights in 2015 included Gregory Ezring and David Huntington handling chemical manufacturer Hexion’s $315m offering, Lawrence Wee advising broadband company WaveDivision on a $125m offering and Raphael Russo assisting consumer products Spectrum Brands with a $1bn notes offering. During the course of 2015, Russo also acted as issuer’s counsel in a series of offerings by HRG Holdings totaling $400m. Monica Thurmond and John Kennedy are additional key contacts.

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Commercial lending
Commercial lending: advice to borrowers - ranked: tier 2

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP, which has built the cornerstone of its practice on serving private equity clients, is a real force on the borrower side of transactions. The ‘deep bench’ is ‘responsive, business savvy and contextually sensitive’ and is experienced across the breadth of financing methods. Recent highlights include advising Oak Hill Capital Partners on its $840m senior secured credit facility to finance the acquisition of Berlin Packaging; Eric Goodison led on that. In a particularly busy 12 months, Goodison was also instrumental in assisting Spectrum Brands with a $2.4bn multi-currency credit facility used to refinance bank debt and $300m of its outstanding bonds. Elsewhere, Thomas de la Bastide was part of a team handling an $800m senior secured term loan for Houghton Mifflin Harcourt pertaining to the acquisition of Scholastic’s educational, technology and services division. Gregory Ezring, Brad Finkelstein and Brian Kim are other stellar names in the team, which also acts for clients including Apollo Global Management and Silver Point Finance.

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Restructuring (including bankruptcy): corporate
Restructuring (including bankruptcy): corporate - ranked: tier 1

Paul, Weiss, Rifkind, Wharton & Garrison LLP

The clear leader for creditor restructuring work’, Paul, Weiss, Rifkind, Wharton & Garrison LLP’s ‘dedicated team is highly respected by other players in the field’. Notwithstanding its remarkable creditor capabilities, the firm displayed its adroitness on the company side by acting as lead counsel to Walter Energy in its $3.1bn Chapter 11, and acting for the parent of Caesars Entertainment Operating Company in the $18bn bankruptcy of its subsidiary. A typically prolific year on the creditor side included acting for the ad hoc committee of certain first lien secured creditors of Texas Competitive Electric Holdings (as part of the $40bn Energy Future Holdings proceedings), and advising the committee of unsecured creditors of Quicksilver Resources. Kelley Cornish is ‘someone you want on your side when the stakes are high’; Alice Eaton’s ‘ease in grasping complex structures make her the perfect lawyer to attack difficult restructuring issues’; Andrew Rosenbergnever disappoints’; and counsel Claudia Tobler has ‘in-depth understanding of the Chapter 11 regime’. Other key lawyers in the eight-partner group include Alan Kornberg, Brian Hermann and Elizabeth McColm. Capital markets attorney Lawrence Wee’s ‘has a unique perspective advising debtor-side restructuring parties’. All lawyers named are based in New York.

Leading lawyers

Alan Kornberg - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Andrew Rosenberg - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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Structured finance
Structured finance - ranked: tier 4

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Led out of New York, the team at Paul, Weiss, Rifkind, Wharton & Garrison LLP has carved out a niche in relation to intellectual property, media and entertainment, and food and restaurant securitizations, where it advises issuers and underwriters. Head of the securitization practice Jordan Yarett and Robert Zochowski acted for Guggenheim, as initial purchaser, in Dunkin’ Brands’ $2.6bn business securitization of its Dunkin’ Donuts and Baskin-Robbins chains. Yarett, Zochowski and Lawrence Wee advised Dick Clark Productions on the issuance of $340m of notes by a newly formed subsidiary, backed by revenues from the future production of five live television programs. Other clients include AIG, Citigroup, Grain Management and The Wendy’s Company.

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United States: Industry focus

Sport
Sport - ranked: tier 2

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s ‘excellent’ team is unrivalled for its work defending sports leagues in player safety litigation. The practice successfully represented the NFL in multi-district litigation (MDL) initiated by over 5,000 former players pertaining to alleged long-term cognitive impairments sustained during the course of their playing careers. The firm is also defending the Arizona Cardinals in the only concussion litigation proceeding outside of the MDL. The group has since been entrusted to handle further mandates for the NFL, including Brad Karp and Theodore Wells Jr being part of a team handling an internal investigation for the client into the alleged use of deflated footballs by the New England Patriots. On the transactional side, Justin G Hamill handled several matters for WME IMG, including advising on a joint venture with tennis player Li Na. Bruce Birenboim and Ariel Deckelbaum are also key names in the New York-based team.

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United States: Intellectual property

Copyright
Copyright - ranked: tier 4

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP is noted for its litigation work for various copyright owners, especially from the media and entertainment sector. ‘Excellent’ litigators Jay Cohen and Lynn Bayard in New York are highly recommended. ASCAP is a key client, which the firm represented in several proceedings and negotiations over royalty rates. For example, the firm represented ASCAP in a trial in the Southern District of New York to determine license fees to be paid by the internet radio service, Pandora Media. Other clients include Viacom, Huffington Post, and the National Music Publishers Association.

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Patent litigation: full coverage
Patent litigation: full coverage - ranked: tier 5

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s ‘highly responsive’ team has strong experience in the life sciences sector. Highlights included acting for Amgen in infringement and unfair competition litigation against Sandoz, successfully obtaining an injunction preventing the launch of Zarxio, a biosimilar of Amgen’s Neupogen product. The group is currently representing Biogen in a suit against several competitors regarding a patent covering Avonex, an MS treatment. Practice chair Nicholas Groombridge is ‘a top-notch patent trial lawyer’ and ‘an excellent strategic adviser’, and Catherine Nyarady is ‘very focused on trial’, and has ‘a great work ethic’. Washington DC-based David Ball has notable tech expertise, and Kenneth Gallo is also recommended.

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United States: Investment fund formation and management

Alternative/hedge funds
Alternative/hedge funds - ranked: tier 2

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP has a strong track record of high-end engagements for large institutional sponsors such as Apollo Global Management and Glenview Capital Management, as well as for independent managers. Its varied workload includes the formation and management of hedge and hybrid funds, in addition to providing advice on regulatory compliance and day-to-day operational issues. In a notable highlight, practice co-head Udi Grofman advised PointState on the formation of a fund investing principally in sovereign and provincial debt issued by the Republic of Argentina. Grofman ‘possesses nonpareil legal expertise that crushes that of his counterparts at other firms’. Elsewhere, the firm has particular strength in acting for seed capital providers and investors including Blackstone, JPMorgan, Pershing Square and ValueAct Capital Management. Marco Masotti acted for Reservoir Capital in its seed investment in Oxbow Master Fund Limited. Other stand-out individuals in the team are newly promoted partner Amran Hussein and Michael Hong.

Leading lawyers

Udi Grofman - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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Private equity funds
Private equity funds - ranked: tier 2

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLPstands toe to toe with its peers in the industry’ and ‘sets the standard in terms of creativity, excellence in people, timeliness and diligence’. Its focus on high-end, complex matters makes it a natural choice for some of the market’s largest and most established sponsors, such as Apollo Global Management, KKR and Oaktree. In an illustration of its outstanding track record in the private equity arena, 2015 saw Udi Grofman act for Blackstone on the closing of its $3.3bn private equity-styled Strategic Capital permanent duration fund. Marco Masotti (whose ‘calm demeanour, depth of experience and creative approach to problem-solving make him a rare talent’) worked alongside Grofman and Michael Hong on Apollo Global Management’s $1bn upsizing to its strategic partnership with Texas Retirement System. The team also acts for middle-market players and activist managers. Amran Hussein is a ‘very hardworking lawyer’ with ‘an immense depth of knowledge when it comes to underlying fund documentation and the fundraising marketplace’.

Leading lawyers

Marco Masotti - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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United States: Labor and employment

ERISA litigation
ERISA litigation - ranked: tier 2

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s ERISA disputes experience includes representing high-profile financial institutions in stock drop cases and fiduciary duty litigation. Lewis Clayton and Robert Fleder acted for Asahi Tec Corporation in a dispute with the PBGC concerning alleged unfunded pension liabilities relating to a bankrupt former US subsidiary. Clayton also defeated a fiduciary claim against Citigroup alongside firm chair Brad Karp. In the healthcare space, Fleder is defending Dave & Buster’s in a novel claim regarding ERISA’s anti-discrimination provision and alleged circumvention of the Patient Protection and Affordable Care Act (PPACA)’s employer mandate. Other clients include JPMorgan Chase and Morgan Stanley. Clayton and Karp jointly lead the practice, which is based in New York.

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Employee benefits and executive compensation
Employee benefits and executive compensation - ranked: tier 2

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s New York-based practice advises on the employee benefit and executive compensation aspects of corporate transactions and bankruptcies; the firm is also ‘very good in the ERISA area’. Recent work saw the ‘very intelligentLewis Clayton advising Caesars Entertainment on matters relating to its Chapter 11 bankruptcy, and practice head Robert Fleder assisting Oak Hill Capital Partners with its purchase of Berlin Packaging. The latter also advises investment managers on ERISA fiduciary duty matters. Other highlights include Andrew Gaines’ work for Time Warner Cable on its merger with Charter Communications, and Lawrence Witdorchic’s advice to Automated Data Processing regarding its spin-off of CDK Global.

Leading lawyers

Robert Fleder - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)
M&A: large deals ($1bn+) - ranked: tier 3

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP is a ‘bet-the-company type of shop’ and ‘the best firm out there’, according to one client. When the ‘matter is serious - material in either an economic or strategic sense - it is top of the list’. The team is ‘responsive, business savvy and contextually sensitive’ and has a ‘tremendous amount of specialized resources’. It is building its standing in both strategic M&A and private equity buyouts, and is noted for its expertise in shareholder activism, unusually representing both activist investors and companies defending against activism. This is partly based on the firm’s close association with the hedge fund community. The firm has also demonstrated expertise in tax-driven transactions, including inversion deals. It has an established record in deals within the media, technology and entertainment sectors, and is also frequently involved in consumer product, retail, energy and REIT-related transactions. In the private equity space, the firm continues to advise some of the biggest sponsors, including Apollo Global Management. In 2015, it advised Time Warner Cable on its $78.7bn merger with Charter Communications, having previously represented the company in its proposed stock-for-stock merger with Comcast, a deal that was eventually terminated. It also advised Italian investment company Exor on its $6.9bn acquisition of Bermuda-based reinsurer PartnerRe. The chair of the corporate department is the ‘legendaryRobert Schumer. He is backed by an impressive team of senior and up-and-coming practitioners, including co-head of the M&A group Toby Myerson, deputy chair of the corporate department Ariel Deckelbaum, and Brian Finnegan, a frequent adviser to Apollo. Justin Hamill is an emerging name who is ‘thoughtful, business savvy and tough, and will go to war for his clients and works all hours’. Matthew Abbott is ‘exceptionally talented’, ‘extremely business minded’ and ‘a pleasure to work with’. The recruitment of the ‘ubiquitousScott Barshay from Cravath, Swaine & Moore LLP in 2016 represents a huge boost to the firm. Barshay has advised on many of the biggest deals in the market.

Leading lawyers

Robert Schumer - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Scott Barshay - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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Private equity buyouts
Private equity buyouts - ranked: tier 2

Paul, Weiss, Rifkind, Wharton & Garrison LLP

New York firm Paul, Weiss, Rifkind, Wharton & Garrison LLP continues to be at the forefront of US private equity. The impressive client roster includes big names such as Oak Hill Capital Partners, The Carlyle Group, KKR and Stone Point Capital, and it has a strong record in deals within the healthcare, industrial, technology, and media and entertainment fields. Department co-head Angelo Bonvinodelivers quality service’; recently he and Carl Reisner assisted KPS Capital Partners with its $1.3bn divestiture of Waupaca Foundry to Hitachi Metals. With the arrival of the experienced Taurie Zeitzer from Kirkland & Ellis LLP, the firm cemented its relationship with key client Apollo Global Management. Another important client, General Atlantic, retained Matthew Abbott and Neil Goldman to help with investments in a long list of businesses, including Airbnb and Uber. Ellen Ching and Edward Ackerman were promoted to partner. John Scott is also noted. The practice demonstrates ‘expertise across transaction types, industries and geographies’ and has ‘an ability to deliver innovative solutions to difficult challenges’.

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United States: Media, technology and telecoms

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

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s client base includes multinational telecoms companies such as Ericsson, global private equity firms such as Oak Hill Capital Partners, and financial institutions including Merrill Lynch. The firm is particularly known for its cable industry expertise; it regularly acts for clients such as Cable & Wireless Communications and Time Warner Cable, most recently advising the former on its $1.85bn acquisition of Columbus International. In other highlight deals, satellite specialist Patrick Campbell advised Intelsat on its minority investment in OneWeb and on its strategic distribution agreements, while Bruce Gutenplan advised the investors of ExteNet Systems on the $1bn recapitalization of the wireless service provider’s business. Corporate partners and cable experts Ariel Deckelbaum and Robert Schumer are also recommended.

Leading lawyers

Patrick Campbell - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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United States: Real estate and construction

Real estate
Real estate - ranked: tier 3

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Recently appointed co-chairs Meredith Kane and Harris Freidus lead the practice at Paul, Weiss, Rifkind, Wharton & Garrison LLP, which remained busy in key sectors such as gaming, hospitality and healthcare. Freidus represented Las Vegas Sands in connection with the $5bn refinancing of its Macau, Singapore and Las Vegas resorts, and together with Salvatore Gogliormella acted for HCP in its $849m acquisition of 35 private-pay senior housing communities from Chartwell Retirement Residence. In other highlights, Kane continued to advise Metropolitan Transportation Authority on all of its significant real estate development transactions, including Hudson Yards, One Vanderbilt and 341-347 Madison Avenue, while Peter Fisch and Steven Simkin assisted SL Green Realty with a $360m mortgage loan provided by a syndicate of banks secured by a 36-story office building in Manhattan. Simon Property Group, NorthStar Realty Finance Corp and CIM Group are also active clients of the firm. All named lawyers are based in New York.

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United States: Tax

International tax
International tax - ranked: tier 2

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s ‘fantastic’ tax department delivers advice on high-profile cross-border transactions from its New York base. Department co-head Jeffrey Samuels advised Burger King Worldwide on its $11.4bn acquisition of Tim Hortons, a Canada-based multinational, and co-head Richard Bronstein led advice to KIK International in its $1.6bn acquisition by Centerbridge Partners. The ‘excellentScott Sontag advised Grupo Salinas on its $2.5bn sale of Mexico-based wireless company Iusacell to AT&T, and David Mayo assisted Exor with its $6.9bn unsolicited cash bid for PartnerRe. Key individuals also include the ‘knowledgeable and astuteDavid Sicular, Brad Okun, who is a ‘real name to note’, and Patrick Karsnitz, who is an expert on tax issues relating to private investment funds.

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US taxes: non-contentious
US taxes: non-contentious - ranked: tier 2

Paul, Weiss, Rifkind, Wharton & Garrison LLP

In one of the most publicized M&A deals in the communications space, Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Time Warner Cable in its $78.7bn merger with Charter Communications. Jeffrey Samuels was the key tax partner in the Time Warner Cable deal, as he was in the firm’s representation of Burger King Worldwide in its $11.4bn acquisition of Canadian coffee and donuts chain Tim Hortons. The new company will be the third-largest fast-food chain worldwide, rebranded as Restaurant Brands International. David Sicular was a key part of the team advising Towerbrook Capital Partners on its acquisition of women’s fashion retailer J. Jill. Richard Bronstein worked with Virtu Financial, a technology-enabled liquidity provider, in its public offering of 19m shares of class A common stock.

Leading lawyers

David Sicular - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Richard Bronstein - Paul, Weiss, Rifkind, Wharton & Garrison LLP

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