- United States: Finance > Corporate restructuring (including bankruptcy)
- United States: Finance > Financial services: litigation
- United States: Finance > Bank lending (including other sources of financing)
- United States: Finance > Capital markets: debt offerings
- United States: Finance > Capital markets: equity offerings
- United States: Finance > Capital markets: global offerings
- United States: Finance > Capital markets: high-yield debt offerings
- United States: Finance > Structured finance
- United States: Intellectual property > Copyright
- United States: Intellectual property > Patent litigation: full coverage
- United States: Investment fund formation and management > Alternative/hedge funds
- United States: Investment fund formation and management > Private equity funds
- United States: Labor and employment > Employee benefits and executive compensation
- United States: Labor and employment > ERISA litigation
- United States: Media, technology and telecoms > Technology: transactions
- United States: Media, technology and telecoms > Telecoms and broadcast: transactional
- United States: Mergers, acquisitions and buyouts > Antitrust
- United States: Mergers, acquisitions and buyouts > M&A: mega-deals ($5bn+)
- United States: Mergers, acquisitions and buyouts > Private equity buyouts
- United States: Real estate and construction > Real estate
United States: Finance
Within Bank lending (including other sources of financing), tier 5
The ‘incredibly responsive’ team at Paul, Weiss, Rifkind, Wharton & Garrison LLP provides a ‘first-class level of service’, usually to private equity funds and corporate borrowers. The group ‘has a wealth of experience and it shows through’ as it provides ‘well-thought-out answers (innovative and cutting-edge where situations demand) that are commercially viable even in short time frames’. The team is ‘terrific from top to bottom’ and jointly headed by the ‘wonderful’ Terry Schimek and the equally well-regarded Gregory Ezring. The firm’s relationship with Apollo Global Management ensures a strong flow of work, and additional clients include Oak Hill Capital, Oaktree Capital Management and TowerBrook Capital Partners. Recent highlights include advising Talos Production LLC on a $500m financing for its acquisition of Energy Resource Technology from Helix Energy Solutions Group. The firm also advised The Tribune Company on the company’s chapter 11 exit financings, which involved a $1.1bn term loan facility and a $300m asset-based facility. The firm also advised investment funds affiliated with Apollo Management and Oaktree Capital Management on a $3.3bn debt restructuring for Nine Entertainment Company.
Within Capital markets: debt offerings, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s 14-partner team routinely handles large investment-grade debt, convertible debt and hybrid securities offerings for issuers and underwriters alike. The practice has particular expertise in the leisure and retail sectors; for example, John Kennedy advised Carnival Corporation & plc on two separate public offerings of $500m 1.875% senior notes due 2017 and $500m 1.2% senior notes due 2016, and Raphael Russo acted for Ralph Lauren in a public offering of £300m worth of 2.125% senior notes due 2018. On the underwriter side, Christopher Cummings represented HSBC and Deutsche Bank as lead underwriters in TransCanada’s $500m offering of floating rate senior notes due 2016. Other key contacts include Gregory Ezring and Edwin Maynard.
Within Capital markets: equity offerings, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Building on its relationships with various private equity firms, New York-based Paul, Weiss, Rifkind, Wharton & Garrison LLP has worked on a steady stream of offerings and receives praise for its ‘very good sponsor-side practice’. Highlights include the Taylor Morrison Home Corporation $722m IPO, the Intelsat $400m IPO and the Ply Gem Holdings $381 IPO, all led by John Kennedy. Gregory Ezring and Monica Thurmond are key members of the group, and David Huntington is also recommended, having advised Sandler O’Neill & Partners LP and Raymond James as lead underwriters in Silvercrest Asset Management Group’s $60m IPO.
Within Capital markets: global offerings, tier 4
Paul, Weiss, Rifkind, Wharton & Garrison LLP is noted for its ‘round-the-clock client support’, ‘high degree of partner attention’ and ‘top-quality work’. The team advises on cross-border debt, equity and high-yield offerings arising in Europe and Asia, and has a strong Canadian presence, where the ‘highly versatile’ Edwin Maynard heads the group. Maynard is noted for his ‘consistent, sound advice’ and is an ‘excellent communicator’. New York-based Maynard and Andrew Foley recently led the firm’s work for the Hudson’s Bay Company in its Rule 144A/Reg. S IPO Regulation D private placement in the US of CAD $365m of common shares.
Within Capital markets: high-yield debt offerings, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP attracts praise for its 'very deep knowledge of the high-yield debt and leveraged loan markets'. The practice is noted for its private equity expertise: 'it is very good on both the sponsor and company sides'. Gregory Ezring and Monica Thurmond advised McGraw-Hill Education on its Rule 144A/Reg S $800m offering of 9.75% first-priority senior secured notes due 2021. The firm's sector strengths span gaming and leisure, telecommunications, and energy. Ezring and Thurmond acted for Caesars Entertainment Corporation in the casino operator’s two Rule 144A/Reg S offerings by subsidiaries: one two-tranche offering of $1bn of 8% first-priority senior secured notes due 2020 and $1.15bn of 11% second-priority senior secured notes due 2021, and a second one-tranche offering of $1.5bn 9% senior secured notes due 2020. John Kennedy and Raphael Russo represented Intelsat in a series of Rule 144A/Reg S offerings including $2bn of 5.5% senior notes due 2023 and $2bn of 7.75% senior notes due 2021. Other clients include Talos Energy, Vantage Oncology and Taylor Morrison. David Huntington and Lawrence Wee are recommended. All named attorneys are located in New York.
Within Corporate restructuring (including bankruptcy), Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
Clients roundly praise Paul, Weiss, Rifkind, Wharton & Garrison LLP as ‘one of the best law firms in the world’ and many commend its ‘ability to provide solid cross-practice support in nearly every area you need’. The firm’s financial institutions experience translates into a strong creditor-side practice, but it also receives a significant amount of instructions from debtors and investors in distressed assets. The New York-based team ‘manages to strike the right balance between providing reasoned and commercial advice’. Department chair Alan Kornberg is widely acknowledged as a ‘creditor-side specialist’ and a ‘high-profile figure in the market’. Other key names in the nine-partner team are Andrew Rosenberg, a ‘fabulous lawyer with a deservedly excellent reputation’, and the ‘commercially oriented and highly practical’ Jeffrey Saferstein. On the contentious side, bankruptcy litigation specialist Stephen Shimshak is also recommended as an ‘astute and commercial counsel’. In 2013, Elizabeth McColm acted alongside Kornberg and Saferstein to advise School Specialty in its Chapter 11 case, which saw it successfully restructure more than $525m of debt. In a representative piece of creditor-side work, the firm represented the senior secured lenders to Australian-based Nine Entertainment Co in the restructuring of over AUS$2bn of debt through a scheme of arrangement. It also acted for an ad hoc group of lenders to UK-based CEVA Logistics in its successful out-of-court restructuring of over $1bn of secured and unsecured debt and a capital investment of $300m. Other clients included the unofficial committee of prepetition senior secured noteholders of Exide Technologies and the steering committee of lenders of Revel Atlantic City.
Within Financial services: litigation, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP provides ‘high-quality advice’, and acts for leading financial institution clients such as Bank of America, Deutsche Bank and UBS. Able to tap into the expertise of numerous former high-ranking governmental lawyers, as well as displaying formidable litigation skills in relation to many of the hot-button issues affecting clients in the industry, the firm excels in complex matters proceeding in multiple forums. The ‘excellent’ Brad Karp is chair of the firm and a pivotal presence in the highest-profile matters handled by the group; he recently secured summary judgment for core client Citigroup in a $200m lawsuit brought by seven Norwegian municipalities regarding fund-linked notes originally issued by the bank. Along with Bruce Birenboim, Karp also successfully represented the bank before the SDNY after the Abu Dhabi Investment Authority (ADIA) appealed the International Centre for Dispute Resolution’s decision that Citigroup did not fraudulently induce ADIA to invest $7.5bn in the bank. Other notable victories for Citigroup included successful summary judgment in Sungate Securities LLLP, et al v Citigroup. Richard Rosen has a ‘fantastic reputation’, and recently secured summary judgment for UBS before the New York State Supreme Court in an action brought by German investors in CDOs. Other recommended partners include Charles Davidow, Susanna Buergel and Eric Goldstein.
Within Structured finance, tier 4
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s New York-based structured finance team covers a broad range of asset classes and has particular expertise in intellectual property securitizations and the media and entertainment industry, having developed an array of innovative structures from sports financing to film financing slate deals. Robert Zochowski specializes in esoteric assets such as films, patent royalties, lease and other operating assets, power plants and hydrocarbon reserves. Jordan Yarett and Lawrence Wee are also recommended. Highlights included advising Barclays Capital on the issuance of $257m of secured billboard revenue notes for Fairway Outdoor Funding LLC. For new client AIG Asset Management, it advised on the issuance of $470m in notes to insurance affiliates of AIG under a securitization of the Miramax film library. For Guggenheim Securities, another new client, it advised it as placement agent in a $155m refinancing of securitized notes issued by Sonic Corp. The team has also been active in timeshare securitizations, particularly for underwriter Amherst Securities Group, as well as in the CLO space, where it represented Oak Hill Advisors. Another key client is Major League Baseball.
United States: Intellectual property
Within Copyright, tier 4
Paul, Weiss, Rifkind, Wharton & Garrison LLP has a number of recognized copyright attorneys, including Lynn Bayard and Jay Cohen in New York, who have previously acted for media and entertainment sector clients such as music trade associations, songwriters and publishers and film production companies on disputes as well as transactional matters. Key clients include the NMPA, HBO, the NFL and Viacom.
Within Patent litigation: full coverage, tier 5
Paul, Weiss, Rifkind, Wharton & Garrison LLP ‘offers tailor-made advice on a high value level’ across a broad range of industries, including life sciences, financial services and hi-tech. Lead IP litigators in the New York-based group are Nicholas Groombridge, David Ball, Kenneth Gallo and Catherine Nyarady, who ‘has the big advantage of being a top class litigator combined with a very extensive scientific understanding’. The team successfully represented Edwards Lifesciences in disputes against Medtronic regarding patents covering transcatheter heart valve technology, prevailing on appeal to maintain a $74m win and also obtaining a ruling of invalidity in a separate case. It also achieved an upheld verdict on appeal for the defendant in Triangle Software LLC v Garmin, and won for the plaintiff in GE v Mitsubishi Heavy Industries. The practice represents Genentech in a number of cases alleging claims in relation to Cabilly patents and has been advising Biogen on asserting infringement claims regarding its multiple sclerosis treatment Avonex against generic competitors including EMD Serono, Pfizer, Bayer and Novartis.
United States: Investment fund formation and management
Within Alternative/hedge funds, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP fields a number of leaders in the field, including Udi Grofman and Marco Masotti, who have a reputation for advising on the formation of high-end, elite funds for heavy-hitting institutional clients such as Blackstone Alternative Asset Management, Fortress Investment Group and Oak Hill Advisors. In an illustration of the practice’s impeccable fund formation credentials, Grofman recently advised J.P. Morgan Asset Management on the launch of multiple alternative products, and advised KKR on the launch of KKR Credit Relative Value fund. Masotti assisted Reservoir Capital Group on the formation of the Reservoir Strategic Partners Fund, its $1.27bn seed capital hedge fund of funds; and advised ValueAct Capital on the formation of its $900m Value Act Con-Invest Fund. In another highlight, Grofman and Masotti acted alongside Michael Hong to advise GSO Capital on the formation of multiple hedge and single investor funds.
Within Private equity funds, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s well-earned reputation for high-end and complex fund formation matters make it a natural choice for clients such as Apollo Global Management, KPS Capital Partners and General Atlantic. The team recently assisted KPS with the formation of a $3.5bn fund focusing on controlling investments in corporate carve-outs, bankruptcies and other special situations; and advised Clearlake Capital Group in the formation of a $785m million fund investing in mid-market distressed and value private equity. According to one client, Marco Masotti ‘really has no equal in the space – he is all over every issue and great in negotiations with limited partners’. Also recommended are Robert Hirsh, who is ‘creative and always sees what’s coming round the corner’, and Michael Hong.
United States: Labor and employment
Within Employee benefits and executive compensation, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP focuses on providing EBEC advice on M&A transactions, public proxy statements, compensation arrangements and ERISA fiduciary matters for investment funds and plan fiduciaries. The firm advised funds affiliated with Apollo Global Management on its $2.4bn acquisition of McGraw-Hill Education; assisted Reckitt Benckiser with its unsolicited $1.4bn cash tender offer to acquire all outstanding shares of Schiff Nutrition International Inc; and assisted Taylor Morrison Home Corporation with its IPO of $722m of Class A common stock. Other clients include Ericsson, Citigroup and KPS Capital Partners. Robert Fleder ‘is highly effective, with a keen eye for avoiding and addressing the most complex of problems’. Lawrence Witdorchic and Andrew Gaines are both very experienced and respected. All named attorneys are based in New York.
Within ERISA litigation, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s practice focuses largely on representing plan sponsors, fiduciaries and service providers in ERISA, pension and benefits litigation. The firm has been involved in a number of stock drop cases, and recently obtained the dismissal of a multibillion-dollar ERISA stock drop action alleging that Citigroup 401(k) plan fiduciaries violated their fiduciary duties by failing to limit participants’ ability to invest in Citigroup stock; the dismissal was affirmed on appeal and the plaintiffs' petition for a writ of certiorari was denied by the Supreme Court. Similarly, the firm successfully defended Citigroup in a challenge under ERISA to a plan modification for a group of 47 former senior employees of Citigroup. Other clients include Merck & Co, Schering-Plough and Morgan Stanley Investment Management. Firm chair Brad Karp and co-chair of the ERISA, pension and benefits litigation group Lewis Clayton are both highly experienced practitioners and based in the New York office.
United States: Litigation
Within Leading trial lawyers, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
Theodore Wells Paul, Weiss, Rifkind, Wharton & Garrison LLP: Theodore Wells has built a superb reputation over the years in high-stakes litigation including white-collar criminal defense, complex civil and corporate litigation, SEC regulatory work, FCPA investigations, environmental matters and class actions. He is particularly known for representing corporations such as Citigroup, ExxonMobil and Merck & Co in large class actions, and also has a reputation for defending malpractice cases on behalf of law firms, political figures and corporate executives. In 2013, Wells represented Merck & Co in a large securities fraud class action relating to the drug Vytorin, reaching a favorable settlement on behalf of the client. Wells is currently defending ExxonMobil against a natural resource damages claim brought by the State of New Jersey under the New Jersey Spill Act claiming $9bn in losses due to the alleged release of oil and other hazardous discharges.
Within Securities: shareholder litigation, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
‘The exceptional team’ at Paul, Weiss, Rifkind, Wharton & Garrison LLP, co-chaired by Washington DC-based Charles Davidow, Richard Rosen and the ‘very smart, easy to work with and down to earth’ Daniel Kramer – with the close involvement of the firm’s chair Brad Karp – has built a reputation as a ‘fantastic firm that knows how to try cases’. Its ‘excellent, wise counsellors combine deep legal knowledge with a practical and business-like view’, and include experienced trial lawyer Bruce Birenboim, defense strategist Susanna Buergel and Martin Flumenbaum, who excels in mortgage-backed securities cases. Kramer and Moses Silverman advised Aeterna Zentaris in a stock drop class action that was dismissed with prejudice. Eric Goldstein, Claudia Hammerman and Audra Soloway are also part of the ‘extremely responsive’ team. The firm has a longstanding relationship with Citigroup, for which recent matters include the defense of numerous SEC investigations into the structuring of collateralized debt obligation (CDO) securities, which were settled for $285m without admission of any allegations. Attorneys are based in New York except where stated.
Within White-collar criminal defense, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
The well-respected team at Paul, Weiss, Rifkind, Wharton & Garrison LLP remained busy throughout 2013, representing a broad range of companies and individual clients across the financial services, pharmaceutical and retail products sectors. The team is also equipped to handle sensitive internal investigations for special committees; Roberto Finzi, Michele Hirshman and Theodore Wells’ review of a university’s response to allegations of sexual abuse is one such example. Other recent highlights for the team include negotiating a favorable resolution for Merck & Co following a multi-year DOJ investigation into the marketing of a painkiller, and representing BNY Mellon in multi-faceted litigation and government enforcement action surrounding foreign exchange transactions. Other key partners include Brad Karp, who acts for major financial institutions such as Citigroup, and Martin Flumenbaum and Michael Gertzman, whose recent instructions have come from US and international clients in wide-ranging FCPA investigations. All named partners are based in New York; other members of the team are located in Washington DC.
United States: Media, technology and telecoms
Within Technology: transactions, tier 4
Key names within Paul, Weiss, Rifkind, Wharton & Garrison LLP’s 13-partner communications and technology group are Patrick Campbell in Washington DC and Bruce Gutenplan, Charles Googe and Marilyn Sobel in New York. The group has extensive experience and expertise in the communications sector, having advised Time Warner Cable on its $1.25bn registered notes offering, its investment in Clearwire Corporation and its distribution agreement with SportsNet LA. The group also advises telecoms and satellite companies and their investors, often on cross-border and multi-jurisdictional deals. Highlights included advising Intelsat Global Holdings on transactions including its $400m IPO, its procurement contract with Boeing for the $1bn purchase of four satellites and a series of capital markets transactions. TowerCo II Holdings LLC instructed the firm in relation to its $1.48bn acquisition by SBA Communications Corporation, and Quantum Strategic Partners Limited instructed it when investing in Digicel Asian Holdings in Myanmar and London-based Hyperoptic. Additional highlights included advising NAV CANADA on its acquisition of a $150m controlling interest in satellite surveillance company Aireon, forming a joint venture with Iridium Communications Inc.
Within Telecoms and broadcast: transactional, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s telecoms group is routinely present in big-ticket deals. Practice head Patrick Campbell in Washington DC is a recognized leader in the telecoms and satellite space, assisting satellite operators on corporate matters and before the FCC. Intelsat is an active client; it recently assistedwith its $400m IPO, a procurement contract with Boeing for the purchase of four telecoms satellites valued at over $1bn, and numerous financing transactions. For MEASAT Satellite Systems, the firm advised on its $180m joint venture with Jabiru Satellite Program, an affiliate of NewSat, for the launch and operation of a NewSat satellite. In New York, Bruce Gutenplan advised TowerCo on its $1.48bn acquisition by SBA Communications Corporation and on its $45.5m purchase of wireless communication towers from Iowa Wireless Services LLC (aka i Wireless). Corporate partners Ariel Deckelbaum and Robert Schumer are lead counsel to longstanding client Time Warner Cable; Schumer advised Time Warner Cable and Sprint Nextel, Intel, Comcast, Eagle River Holdings and Bright House Networks on their $4.76bn investment in Clearwire Corporation and Time Warner Cable’s subsequent sale of its entire $63m stake. Charles Googe heads the firm’s IP practice and advises a mix of telecoms, broadcast and satellite industry clients. Marilyn Sobel handles numerous transactions for Ericsson; recent notable examples include the sale of patents to Unwired Planet, the sale of Applied Communication Sciences to the SI Organization and its acquisition of Mediaroom from Microsoft.
United States: Mergers, acquisitions and buyouts
Within Antitrust, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s ‘very visible’ antitrust practice is ‘extremely strong and deep, highly responsive and very effective’. It acts in some of the most prominent antitrust disputes in the financial industry, recently representing Deutsche Bank in numerous Libor-related class actions and succeeding in dismissing claims arising under federal and state laws. Managing partner of the Washington DC office Kenneth Gallo and practice co-chair Joseph Simons, also located in the capital, are representing MasterCard International in matters including a putative class action brought by a class of merchants challenging the client’s interchange and no surcharge fees; the claims amount to $7bn. The firm is also defending Pfizer against monopolization and IP-related civil litigation claims in connection with the client’s blockbuster drug Neurontin. In terms of contentious M&A, it successfully acted for The Nielsen Company in an extensive second-request investigation by the FTC which targeted Nielsen’s $1.3bn acquisition of Project Tunes; practice co-chair Aidan Synnott, who was the lead partner on this matter, reaps praise for his ‘sound judgment, strong litigation skills’ and ability to remain ‘calm under pressure’. Andrew Finch, who like Synott is based in New York, is also highly recommended, and has extensive knowledge in the financial/insurance industry and a background in the antitrust division of the DOJ.
Within M&A: mega-deals ($5bn+), Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP has an evenly balanced M&A practice, driven by a mixture of big-name private equity houses and corporate strategic acquirers. The New York-based M&A group has maintained a high volume of transactions valued in excess of $1bn. The firm is also well known for its expertise in activist investing and activist defense matters. Unlike many of its classic rivals, it represents a number of activist investors. In 2013, it advised Elliott Management on its proxy contest with Hess Corporation, which resulted in the latter agreeing to add three nominated representatives of the former to its Board as well as six new independent directors. It also advised Elliott Management on its campaign to realize shareholder value at BMC Software, leading to its $6.9bn sale to a consortium led by Bain Capital and Golden Gate Capital. On the defense side, it represented Agrium Inc in the unsuccessful proxy contest brought by JANA Partners LLC designed to split the client’s retail and wholesale businesses and replace five members of the board. The firm was also appointed by longstanding client Time Warner Cable to represent it in Charter Communications’ $37bn hostile bid for the company; the firm had advised Time Warner Cable when it separated from Time Warner in 2008. Other key clients include Citigroup, which has called upon the team for various domestic and cross-border transactions including the divestiture of assets following the financial crisis. Key private equity clients of the firm include Apollo Global Management and General Atlantic, which provide a constant supply of portfolio company transactions. In addition, it has won new clients including Reckitt Benckiser, which it advised on its $1.4bn cash tender offer to acquire Schiff Nutrition International (Schiff); this move successfully broke up a previously announced transaction between Schiff and Bayer. Industries where the team has a particularly strong record include media and entertainment, luxury goods, telecoms, corporate real estate and hotel, leisure and gaming. Toby Myerson has led the Citigroup relationship for some years and was the lead partner on Reckitt Benckiser’s deals. Jeffrey Marell has a number of Canadian clients. Robert Schumer is a ‘best-in-class lawyer for public M&A deals’ and his ‘wisdom and judgment’ means he is especially well equipped for boardroom matters. Matthew Abbott is an up-and-coming name and closely associated with General Atlantic. John Scott and emerging name Justin Hamill are also recommended. Overall the firm is ‘one of the best on all criteria’.
Within Private equity buyouts, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP has a close association with Apollo Global Management (Apollo), which is particularly active in debt finance; this relationship has given it prominence in the market. The firm’s burgeoning finance practice and its impressive private equity fund formation practice have added extra credibility and been been integral to developing client relationships. For instance, Oak Hill Capital Partners and Harvest Partners have come to the buyout team via the funds formation practice. It now has a substantial base of private equity clients to maintain activity levels and is increasingly receiving new instructions from major private equity houses. Clients range from mega-funds through to the middle-market houses including Crestview Partners, Kohlberg & Co and KPS Capital Partners. The well-rounded practice is notably active in the healthcare, consumer products, financial services and asset management sectors, and based out of New York. In 2013, it advised Apollo on its $2.4bn acquisition of McGraw-Hill Education and assisted General Atlantic with a series of impressive deals including its €1.02bn acquisition, alongside Warburg Pincus, of a 50% stake in Santander Asset Management, and its acquisition of a minority stake in Tory Burch. Highly respected M&A co-head Robert Schumer is ‘terrific’, ‘professional’, ‘gets things done’ and ‘doesn’t get hung up on the minutae’. Angelo Bonvino is a ‘star’. Other names to note are Carl Reisner, John Scott, Kenneth Schneider, Tarun Stewart and Matthew Abbott.
United States: Real estate and construction
Within Real estate, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
The six partner practice at Paul, Weiss, Rifkind, Wharton & Garrison LLP houses a ‘remarkable team’ that is of ‘uniform high quality’ and ‘has the ability to work through very complex issues and provide high-quality legal and business advice on a timely basis’. Peter Fisch led advice to The Lightstone Group on a number of transactions including completing the contribution, in exchange for cash and partnership units, of its ownership interests in two retail outlet centers in San Francisco and Dallas to Simon Property Group: Paragon Outlets, Livermore and Paragon Outlets, Grand Prairie. It advised the same client on the sale of Dakota Square Mall to CBL & Associates Properties. Salvatore Gogliormella, who was recently promoted to the partnership, worked alongside Harris Freidus to advise Las Vegas Sands Corp and its majority-owned public company subsidiary, Sands China, on a $3.7bn credit facility to refinance existing debt on the latter’s existing Macao projects and to finance the construction of two additional Macao integrated resorts; it also advised the client on a $4bn credit facility secured by its Singapore-integrated resort, and assisted on various matters relating to its Las Vegas and Bethlehem, Pennsylvania properties. Chair of the real estate department Steven Simkin is ‘outstanding’, ‘very experienced’ and ‘superb at negotiations and zeroing in on the key issues’. Mitchell Berg and the ‘excellent’ Meredith Kane are also recommended.
United States: Tax
Within Domestic tax: East Coast, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Richard Bronstein and Jeffrey Samuels co-head the New York-based tax practice at Paul, Weiss, Rifkind, Wharton & Garrison LLP, which has ‘excellent’ general tax expertise and enjoyed an active year, handling a consistent flow of high-profile transactions. Samuels assisted the creators of South Park on the formation of Important Studios with private equity firm The Raine Group. Brad Okun advised Apollo Global Management on a number of matters, including its $2.4bn cash acquisition of McGraw-Hill Education. David Sicular and David Mayo are also recommended.
Within International tax, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP has a ‘very strong’ and ‘creative’ tax department. David Sicular has an excellent reputation and other key partners include the ‘amazing’ Robert Fleder and the ‘experienced’ Jeff Samuels, who is appreciated for his ‘seasoned judgment’. Richard Bronstein advised General Atlantic on its €1.02bn acquisition, with Warburg Pincus, of a 50% stake in Santander Asset Management; and David Mayo acted for InterMedia Partners, a media-focused private equity investment fund, on the $400m merger of Cine Latino and InterMedia Español with Azteca Acquisition Corporation; the merged company, Hemisphere Media Group, is the first publicly traded pure-play US Hispanic TV cable network and content platform. Brad Okun is also recommended. The attorneys named are all based in New York.
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