- 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: Industry focus > Sport
- 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: M&A/corporate and commercial > M&A: large deals ($1bn+)
- United States: M&A/corporate and commercial > Private equity buyouts
- United States: Media, technology and telecoms > Technology: transactions
- United States: Media, technology and telecoms > Telecoms and broadcast: transactional
- United States: Real estate and construction > Real estate
United States: Antitrust
Within Cartel, tier 5
With offices in Washington DC, New York and Delaware, Paul, Weiss, Rifkind, Wharton & Garrison LLP has a particularly strong reputation in the market for antitrust litigation. Recent cartel-related work includes representing Becton Dickinson & Company in a nationwide putative class action by hospitals, pharmacies and medical device distributors claiming that the client drew up exclusionary contracts with hospital networks and GPOs, including allegations of predatory pricing, exclusive dealing and monopolization. The firm is representing News Corporation and its subsidiary News America Marketing (NAM) in ongoing litigation brought by customers of NAM’s services and products relating to alleged participation in exclusionary practices. Kenneth Gallo, who is ‘one of the best antitrust litigators in the US’, and Aidan Synnott co-head the antitrust group.
Within Civil litigation/class actions, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP has a ‘good antitrust litigation practice’ with offices in New York, Washington DC and Wilmington. Recently Joseph Simons and Kenneth Gallo, who is ‘one of the best antitrust litigators in the US’, assisted Sharp with LCD Investigation and Litigation, achieving a dismissal of antitrust claims by Motorola Mobility. Other important work includes acting for News Corporation and its subsidiary NAM against customers of NAM’s marketing products in a putative class action regarding claims that the client’s subsidiary engaged in exclusionary practices to monopolize the market in in-store promotions. Gallo, New York-based William Michael and Jane O’Brien in Washington DC served as lead lawyers on the matter. Becton Dickinson & Co instructed it in direct and indirect purchaser class actions involving hospitals, pharmacies and medical device distributors claiming exclusion from various markets due to alleged monopolization and predatory pricing. Other key clients include MasterCard and Pfizer, which the firm continues to represent in the In re Neurontin Antitrust Litigation MDL. Aidan Synnott, who co-heads the antitrust group with Gallo, and Andrew Finch are highly regarded.
United States: Finance
Within Bank lending (including other sources of financing) , tier 4
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s New York-based banking and finance group enjoys a very good reputation for advising private equity funds and other corporate borrowers. The highly experienced Gregory Ezring and Terry Schimek jointly head the team, which also includes well-regarded partners such as Eric Goodison, Thomas de la Bastide and Brad Finkelstein. Recent highlights include advising Bauer Performance Sports on a $650m facility to refinance existing debt and also finance the $330m acquisition of Easton-Bell Sports’ baseball and softball business. The firm also advised Apollo Global Management, which is a major client, on the $300m financing of its acquisition of Caelus Energy Alaska O3.
Within Capital markets: debt offerings , Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
In accordance with its reputation as a ‘go-to team for complex deals’, the 14-partner capital markets practice at Paul, Weiss, Rifkind, Wharton & Garrison LLP regularly handles hybrid securities and convertible notes offerings. Sector strengths include retail, leisure and telecoms, where Tracey Zaccone acted for Barclays, Citigroup, Goldman Sachs and UBS Investment Bank as joint book-runners in a $1.25bn senior notes offering by DirecTV Holdings and DirecTV Financing Co. Issuer clients include Ralph Lauren Corporation, Time Warner Cable and Intelsat. John Kennedy, Gregory Ezring, and Monica Thurmond are all key contacts. All lawyers named are based in New York, however the firm also draws on its Toronto office to act on a wide number of Canada-focused deals.
Within Capital markets: equity offerings , Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
The final quarter of 2013 saw Paul, Weiss, Rifkind, Wharton & Garrison LLP act on two significant deals. John Kennedy advised the US Department of the Treasury on the $2.6bn sale of Ally Financial common stock as part of the IPO of the bailed out holding company, and Monica Thurmond represented the underwriters, led by Citigroup Global Markets and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in the $380m IPO of AMC Entertainment Holdings. The practice has a solid track record in the leisure industry, and Thurmond acted for Caesars Entertainment Corporation in its $138m secondary offering. It has also built up relationships with private equity sponsors, notably Apollo Global Management, and their portfolio companies are a regular source of offerings. David Huntington and Gregory Ezring are other names to note; all are based in New York.
Within Capital markets: global offerings , tier 4
Paul, Weiss, Rifkind, Wharton & Garrison LLP attracts particular praise for its ‘ability to handle complex transactions’, with its lawyers lauded as ‘very sharp, efficient and pragmatic’. The practice is ‘one of the best for Canadian cross-border work’. Edwin Maynard advised CDP Financial, a wholly owned subsidiary of pension fund manager Caisse de dépôt et placement du Québec, on its Rule144A/Regulation S offering of $2bn worth of 3.15% senior secured notes due 2024. On the underwriter side, in another Canadian deal Christopher Cummings represented JP Morgan Securities and HSBC Securities as lead underwriters in a $1.25bn public offering of 4.625% senior notes due 2034 by TransCanada PipeLines. All named attorneys are based in New York.
Within Capital markets: high-yield debt offerings , Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s reputation and expertise in the leisure and entertainment sector ensures a strong flow of high-yield deals from issuers. Monica Thurmond, whose private equity focus is another source of work, and practice-co chair Gregory Ezring, advised Caesars Growth Properties Holdings on its Rule 144A/Regulation S offering of $675m worth of second priority senior secured notes due 2022, and also acted for CEC Entertainment, which was recently acquired by funds associated with Apollo Global Management, in its Rule 144A/Regulation S offering of $255m worth of senior notes due 2022. Practice co-chair John Kennedy represented Ply Gem in two Rule 144A/Regulation S offerings totaling $650m and also advised, alongside Lawrence Wee, WaveDivision Holdings on its Rule144A/Regulation S $175m issue. All named attorneys are New York based.
Within Corporate restructuring (including bankruptcy), Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP distinguishes itself through its ‘premier financial institutions practice’, which translates into a steady stream of instructions from private equity funds, banks, creditor groups and other creditors and investors in restructuring matters. The firm also houses a robust debtor-side practice that regularly advises companies in bankruptcy proceedings and out-of-court restructurings. Alan Kornberg is an ‘invaluable resource on a complex restructuring’ and leads a New York-based group comprised of ‘well-respected lawyers who remain level-headed even in the most gruesome conditions’. Kornberg recently acted with Brian Hermann and the ‘no-nonsense, adaptable and result-oriented’ Kelley Cornish to act for the ad hoc committee of first lien senior secured creditors in the Chapter 11 of Texas Competitive Electric Holdings, an independent subsidiary of Energy Future Holdings. Andrew Rosenberg is ‘the person you call when you have a hairy situation and want to avoid court’; he acted alongside Hermann to advise the steering committee of senior secured noteholders in the successful reorganization of GMX Resources. Among company-side cases, the firm acted for Preferred Sands in its out-of-court restructuring and it also represented School Specialty in its Chapter 11, which saw the educational supplier successfully restructure more than $525m of debt. Other key lawyers in the team include the ‘modest, highly tactical and solution-focused’ Stephen Shimshak, Jeffrey Saferstein and Elizabeth McColm, who ‘has an art for handling difficult personalities to reach consensus’.
Within Financial services: litigation, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
Headed out of New York by the ‘superb’ Brad Karp, Paul, Weiss, Rifkind, Wharton & Garrison LLP’s financial services litigation team is ‘not only excellent at what they do but how they do it’ and is known for the ‘wily and highly strategic approach’ it provides to a host of leading financial institutions in their most important litigation and enforcement actions. The firm continues to represent Citigroup across a raft of litigation and recently successfully represented it in securing the dismissal of a $9bn putative class action on behalf of purchasers of 26 Citigroup Euro notes offerings. Following a major industry-wide investigation into the structuring, marketing and sale of CDOs, the firm successfully established new law on behalf of Citigroup in the pursuant litigation when it persuaded the Appellate court that financial institutions can resolve federal regulatory matters without having to admit liability, and thereby defining the proper scope of judicial review of consent decrees. Susanna Buergel was involved in the aforementioned matter alongside Karp and is a key resource for the team, both on enforcement and litigation fronts. Richard Rosen also has a ‘tremendous reputation’, and alongside the ‘responsive, pragmatic and communicative’ Daniel Kramer, successfully represented UBS in the defense of claims brought by investors in several RMBS-comprised CDOs alleging that the bank had designed the structured products for its own benefit in order to profit from the impending collapse of the subprime mortgage market. Bruce Birenboim is also recommended.
Within Structured finance , tier 4
Although it is far less involved in the securitization of conventional asset classes than many of the firms in the ranking, Paul, Weiss, Rifkind, Wharton & Garrison LLP’s New York-based practice has a market-leading reputation for advising issuers and underwriters on IP securitizations and structured finance transactions in the media and entertainment industry. Team head Jordan Yarett has recently handled a number of transactions for Guggenheim Partners including acting for it as initial purchaser in the respective $275m and $1.3bn whole-business securitizations of Hooters and of the DineEquity’s Applebee’s and IHOP restaurant chains. Robert Zochowski is well versed in complex media and entertainment financings and recently represented a major investment bank in the $275m securitization of the Miramax film portfolio. Lawrence Wee is also recommended. Other clients include AIG, Goldman Sachs and Major League Baseball.
United States: Industry focus
Within Sport, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP enters the ranking based on its proven track record in handling sports disputes. It benefits from the presence of leading litigators Theodore Wells Jr and Brad Karp, who are both involved in the group’s work for the NFL and FIFA. The team is representing the NFL in the high-profile concussion litigation filed by former players, and acted for the same client in a workplace conduct investigation into the Miami Dolphins. It is defending FIFA in class action proceedings seeking injunctive relief for the cognitive risks associated with playing soccer. Its sports expertise extends to corporate transactions and the firm advised investors Wesley Edens and Marc Lasry on their $550m acquisition of the Milwaukee Bucks. Ariel Deckelbaum and Bruce Birenboim are standout names in the sizeable team. Named attorneys are based in the firm’s New York office.
United States: Intellectual property
Within Copyright, tier 4
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 is represented in several proceedings and negotiations about royalty rates. Most recently, the firm represented ASCAP in a trial in the US District Court for the Southern District of New York to determine license fees to be paid by Pandora. In addition, the firm obtained a victory for Harlequin Enterprises in a putative class action brought by three authors who challenged its royalty payments on sales of e-books.
Within Patent litigation: full coverage, tier 5
Paul, Weiss, Rifkind, Wharton & Garrison LLP has a strong presence in the biotechnology industry, but also attracts clients from the hi-tech and medical devices sectors. The team, which has ‘excellent industry knowledge and a very deep bench’, represented plaintiff Edward Lifesciences in a case with Medtronic, securing an injunction against the defendant’s CoreValve product and obtaining $74m in lost profits. New York-based Nicholas Groombridge is acting for Amgen in highly publicized litigation against Sandoz concerning the latter’s Neupogen biosimilar application to the FDA, and is asserting Biogen’s exclusive rights to the multiple sclerosis treatment Avonex in litigation against several major competitors. Other key contacts include Catherine Nyarady in New York and ‘excellent strategist and trial lawyer’ David Ball in Washington DC.
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 maintains a strong reputation in the hedge funds market for its ability to handle high-end fund formation and management matters for an enviable roster of institutional clients, including Apollo Global Management, Blackstone Alternative Asset Management and KKR. Further, the team handles significant engagements for activist clients such as ValueAct and Trian, as well as seed investors such as Reservoir and JP Morgan. Udi Grofman provides ongoing advice to Pershing Square Capital Management on various matters, including those relating to management and regulatory issues. Marco Masotti, who has ‘excellent business judgment’, and Michael Hong recently assisted Oak Hill Advisors with the formation of multiple hedge funds and single investor funds, including the launch of a £300m fund of one with a UK pension plan.
Within Private equity funds, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Although Paul, Weiss, Rifkind, Wharton & Garrison LLP represents a wide variety of managers, including middle-market players and activist managers, it is best known for handling complex, high-end mandates for some of the largest private equity sponsors in the market. Widely respected thought leader Marco Masotti and Michael Hong assisted Apollo Global Management with the formation of Apollo Investment Fund VIII, which held a final close on $18.4bn at the end of 2013; this represented the largest fund raise in the private equity marketplace since the 2008 global financial crisis. More recently, Masotti acted for middle-market manager Wasserstein Capital in the formation and closing of its most recent fund, which will invest in North American companies. Amran Hussein, who was elected to be a partner in January 2015, is also recommended along with Udi Grofman.
United States: Labor and employment
Within Employee benefits and executive compensation, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
New York-based Paul, Weiss, Rifkind, Wharton & Garrison LLP frequently applies its executive compensation and employee benefit expertise when carrying out the high-profile transactions it is best known for; these include corporate takeovers, going-private situations, and IPOs. The three-partner practice advises private equity, hedge and other investment funds, investment advisers, institutional trustees and plan sponsors regarding ERISA fiduciary, tax and state securities laws in connection with pension plan investments. It has recently showcased its extensive experience in designing, implementing and counseling on a variety of executive compensation arrangements. Well-regarded practice head Robert Fleder represented KPS Capital Partners LP in the acquisitions of ThyssenKrupp Waupaca, Anchor Glass Container and Electrical Components International. Andrew Gaines is advising Time Warner Cable on its $45.2bn stock-for-stock merger with Comcast, and Lawrence Witdorchic assisted ADP in its $5bn spin-off of ADP Dealer Services, now called CDK Global. Other clients are Ralph Lauren, Ericsson, Oaktree Capital Management and WME IMG.
Within ERISA litigation , Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s New York-based team has continued to represent a range of plan sponsors, fiduciaries and service providers in high-stakes ERISA cases. The firm recently achieved success in a number of successful stock drop including its representation of Citigroup in a multi-billion dollar action relating to its 401(k) plan. Brad Karp, Lewis Clayton and Robert Fleder secured a dismissal in favor of the client, which was then affirmed on appeal. The firm also represents Bear Stearns in a stock drop class action. In addition, the firm has successfully resolved various class actions alleging breach of fiduciary duty on behalf of JPMorgan Chase. Other clients include ING, AIG and Alaska Retirement Management.
United States: Litigation
Within Commercial litigation, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
‘Known for decades as one of the best litigation firms in America’, Paul, Weiss, Rifkind, Wharton & Garrison LLP has ‘a fantastic practice and is one of the pre-eminent US firms’. In New York it has 55 litigation partners that constitute ‘a very deep bench of superstars, who are tremendous trial lawyers’. For Bank of New York, Brad Karp and Allan Arffa won a substantial victory against Arrowgrass Master Fund’s $1bn breach of contract claim. Jay Cohen and Eric Stone represented the American Society of Composers, Authors and Publishers (ASCAP) at trial to determine a reasonable license fee for the use of musical works by streaming music service Pandora. Greatly respected trial lawyer Theodore Wells led a team that defended a major energy company against a $9bn natural resource damages claim. Karp and Bruce Birenboim assisted the NFL with hundreds of concussion suits brought by former players. The firm scored a major coup when it hired Lorin Reisner as a partner following his time as head of the criminal division of the US Attorney’s office in Manhattan.
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 is widely considered to be ‘ahead of the rest’ and brings many years’ experience to bear. He remains impressively busy: Wells recently completed an eight-month natural resource damages trial as co-lead counsel for ExxonMobil in which the State of New Jersey seeks $9bn in losses. In another highlight, Wells served as co-lead counsel for Citigroup in Terra Firma Investments v Citigroup et al, a matter worth $8bn in which Wells’ team initially won a favorable jury verdict in the Southern District of New York, finding Citigroup not liable for fraud in connection with the sale of EMI to private equity firm Terra Firma. In March 2014 the parties agreed to voluntarily dismiss the case and litigate Terra Firma’s claims in England. Other clients include Merck & Co, SAC Capital and Alcoa.
Within Securities: shareholder litigation, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP has ‘an enviable market position as a leader in bet-the-company litigation’. The ‘always available’ Brad Karp co-chairs the ‘very service-oriented’ securities litigation and enforcement group with ‘outstanding lawyer’ Richard Rosen. Karp and Bruce Birenboim represent Citigroup in multiple RMBS matters and won a $7.5bn arbitration claim brought by the Abu Dhabi Investment Authority sovereign wealth fund. Rosen achieved a major victory for UBS at trial, seeing an action by German investors alleging fraud in the CDO sales dismissed with prejudice. ‘World class’ Daniel Kramer is ‘extraordinarily responsive – his turnaround time is impressive as is his pragmatic approach’. He represented Steve Cohen and SAC Capital in shareholder lawsuits arising out of allegations of insider trading, and secured dismissal of two derivative actions for Bank of America relating to its Merrill Lynch merger. Also among the team’s many stars, who are ‘excellent in what they do and how they do it’, are Charles Davidow, who won a motion to dismiss for Citigroup in a putative subprime class action, defense strategist Susanna Buergel who advised Citigroup on a landmark victory against the SEC, Martin Flumenbaum, who secured dismissal of numerous cases involving non-prime RMBS, Claudia Hammerman, who excels in securities litigation and regulatory investigations, and Audra Soloway, who acted for Citigroup in credit crisis-related cases.
Within White-collar criminal defense , Paul, Weiss, Rifkind, Wharton & Garrison LLP is a first tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s known courtroom expertise was reaffirmed through a number of important victories, including Mark Pomerantz’s successful appeal of hedge fund trader Anthony Chiasson’s conviction, and Brad Karp’s representation of Citigroup in persuading the Court of Appeals for the Second Circuit to uphold the ability of corporations to resolve federal regulatory matters without having to admit liability. Other significant work for the team includes representing SAC Capital and Steven Cohen in an insider trading investigation and related litigation, and acting for the NFL in an investigation into workplace conduct within the Miami Dolphins. Other key partners include Michael Gertzman, Michele Hirshman and the former chief of the criminal division of the Attorney’s Office of the Southern District of New York, Lorin Reisner, along with ‘superstar trial lawyer’ Theodore Wells who is also part of this team. All named partners are based in New York.
United States: M&A/corporate and commercial
Within M&A: large deals ($1bn+), Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP has a major presence in public company M&A as well as in private equity buyouts for marquee private equity sponsors such as cornerstone client Apollo Global Management. In addition, it is one of few firms to represent activist investors such as Elliott Management, while also defending companies against shareholder activism. Its strength on the activist side stems from its traditions in the private funds space, representing numerous hedge funds that have become prominent in the activist arena. Udi Grofman is well connected within the hedge fund community. Illustrating the firm’s presence in public M&A, it represented Time Warner Cable on its huge $45.2bn stock-for-stock merger with Comcast in 2014 and successfully defended against an unsolicited acquisition proposal from Charter Communications, in an example of the firm’s strength in telecoms. It also recently advised Grupo Salinas on the $2.5bn sale of Mexican wireless company Iusacell to AT&T. In addition, it has an impressive record in the media and entertainment space stemming back to early Broadway productions. In 2014 it represented William Morris Endeavor, alongside Silver Lake Partners, on their $2.4bn acquisition of IMG Worldwide to form WME IMG Holdings. Sports is another key area and the firm represented Wesley Edens, a founder and co-chairman of the board of directors of Fortress Investment Group, and Marc Lasry, co-founder of Avenue Capital Group, in their $550m acquisition of the Milwaukee Bucks of the National Basketball Association. The firm also represents Apollo on numerous energy deals. The historically lean team includes highly respected and ‘great’ lawyer Robert Schumer who is ‘one of the most practical lawyers’, ‘always tries to find a solution’, and ‘doesn’t need to prove he is the smartest guy in the room’. New York M&A partners also include Ariel Deckelbaum and Toby Myerson, who is ‘exceptionally gifted’ and a ‘diplomatic negotiator’; John Scott, who leads the Apollo relationship; and key private equity specialists Matthew Abbott and Angelo Bonvino. The team is ‘excellent’, ‘very sharp’ and ‘pragmatic’.
Within Private equity buyouts, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP has made enormous progress in the private equity field in recent years. Its client base is worthy of envy, with big names such as Apollo, KPS Capital Partners, Stone Point Capital, Crestview Partners, Kohlberg & Company, and Harvest Partners. Private equity now accounts for a sizeable component of the firm’s M&A, finance and tax practices. The private equity team covers most industries, though with a notably strong record in media and entertainment, healthcare, industrials, and technology and social media. In 2014, the firm represented Oak Hill Capital Partners in a series of transactions including the $1.48bn sale of its controlling interest in The Hillman Companies to CCMP Capital Advisors and its $1.43bn acquisition of Berlin Packaging from Investcorp. The firm advised General Atlantic on a number of investments including its $125m investment in Alignment Healthcare. Matthew Abbott handles many of General Atlantic’s transactions along with Neil Goldman. Angelo Bonvino is a key name for clients such as Oak Hill, Kohlberg & Company and KPS Capital. John Scott is the relationship partner for Apollo, while Carl Reisner is one of the senior members of the practice and is a lead partner for CI Capital and KPS Capital.
United States: Media, technology and telecoms
Within Technology: transactions, tier 4
Paul, Weiss, Rifkind, Wharton & Garrison LLP has extensive experience and expertise in the telecom, broadcast and satellite industries, where it has advised some of the major players on cross-border and multi-jurisdictional deals. Representative clients include MEASAT, Cable & Wireless and TELUS. In 2014, the team advised Time Warner Cable on its $45.2bn stock-for-stock merger with Comcast, and assisted Ericsson with its acquisition of Azuki Systems. Washington DC-based Patrick Campbell advised Intelsat on an amendment to its existing senior secured credit facility, which governs its approximately $3.6bn senior secured term loan and revolving credit facilities. Within the 13-partner communications and technology group, New York-based Bruce Gutenplan, Charles Googe and Marilyn Sobel are recommended.
Within Telecoms and broadcast: transactional, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s six-partner telecoms practice has some major industry clients on its roster. Patrick Campbell recently assisted Grain Management with the issuance of $330.05m of securitized notes, backed by payments due from AT&T and Verizon Wireless pursuant to two leases of wireless spectrum. Other highlights for the team included acting for WaveDivision Holdings LLC in its $175m offering of senior PIK toggle notes due 2019, and advising longstanding client Intelsat on its IPO. Another flagship client is Time Warner Cable, which Campbell and corporate partner Ariel Deckelbaum advised on its $45.2bn stock-for-stock merger with Comcast. Other key practitioners to note are telecoms transactions specialist Bruce Gutenplan, head of the intellectual property group of the corporate department and chair of the entertainment department Charles Googe, and corporate partner Robert Schumer. With the exception of Campbell who sits in Washington DC, mentioned attorneys are based in New York.
United States: Real estate and construction
Within Real estate, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a third tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP’s six-partner practice in New York has a client base that includes major developers, government agencies, entrepreneurs, investors, lenders and REITs. Noteworthy recent work includes advising Allied Partners Management, the owners of the Savoy Hotel in Miami, on a capital transaction to expand and refurbish the property, a matter that was led by the ‘brilliant’ Steven Simkin and Peter Fisch. Salvatore Gogliormella and Mitchell Berg advised Savills on its $260m acquisition of Studley, a privately held national real estate services provider. Other instructions included advising HCP on various transactions such as the formation of a $1.2bn joint venture with Brookdale Senior Living. The team also advised the same client on its $1.73bn acquisition of 133 senior housing communities from a joint venture between Emeritus Corporation and Blackstone. The ‘thorough’, ‘excellent’ practice notably also includes Harris Freidus and Meredith Kane.
United States: Tax
Within Domestic tax, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as tax counsel in some of the most significant M&A deals of 2014, and continues to provide advice in the context of joint ventures, investments and fund formation. Jeffrey Samuels and Richard Bronstein are co-heads of the New York-based team. Samuels led the firm’s advice to Burger King Worldwide on its $11.4bn acquisition of Tim Hortons, and to Time Warner Cable on its $45.2bn stock-for-stock merger with Comcast. Bronstein and Patrick Karsnitz, who was promoted to the partnership in January 2014, represented General Atlantic in its investment in CareCore National. David Mayo advised Varde Partners on the formation of Varde Fund XI. Mayo also advised ESF on the tax aspects of the sale of its joint venture partner Constellation Energy Group to Exelon. A key highlight for David Sicular was acting for Oak Hill Capital Partners in its $1.475bn sale of its controlling interest in The Hillman Companies. In January 2014, the firm recruited Scott Sontag from Weil, Gotshal & Manges LLP; he represented The Carlyle Group in its investment in Bonotel Exclusive Travel. Another key client is Apollo Global Management, which Brad Okun and others routinely advise on matters such as fund formation and restructuring.
Within International tax, Paul, Weiss, Rifkind, Wharton & Garrison LLP is a second tier firm,
The ‘strong and creative’ team at Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York works closely with colleagues in London, Tokyo, Hong Kong and Beijing to provide ‘pragmatic advice’ on complex multijurisdictional M&A matters. Jeffrey Samuels advised Burger King on the tax aspects of its $11.4bn acquisition of Tim Hortons; the mandate involved designing an innovative new tax structure to benefit the newly created Canada-based global company. Richard Bronstein and Patrick Karsnitz recently led advice to a highly prestigious client on a multibillion-dollar acquisition, and David Mayo advised EDF on ongoing tax issues related to its joint venture partner Constellations Energy’s $7.9bn sale to Exelon. The ‘excellent’ David Sicular led advice to Firth Rixson, a British aerospace jet engine components company, on its $2.85bn sale to Alcoa. Brad Okun, and Scott Sontag, formerly of Weil, Gotshal & Manges LLP, are also noted.
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Offices in London
- Antitrust : Cartel
- Antitrust : Civil litigation/class actions
- Finance : Bank lending (including other sources of financing)
- Finance : Capital markets: debt offerings
- Finance : Capital markets: equity offerings
- Finance : Capital markets: global offerings
- Finance : Capital markets: high-yield debt offerings
- Finance : Corporate restructuring (including bankruptcy)
- Finance : Financial services: litigation
- Finance : Structured finance
- Industry focus : Sport
- Intellectual property : Copyright
- Intellectual property : Patent litigation: full coverage
- Investment fund formation and management : Alternative/hedge funds
- Investment fund formation and management : Private equity funds
- Labor and employment : ERISA litigation
- Labor and employment : Employee benefits and executive compensation
- Litigation : Commercial litigation
- Litigation : Leading trial lawyers
- Litigation : Securities: shareholder litigation
- Litigation : White-collar criminal defense
- M&A/corporate and commercial : M&A: large deals ($1bn+)
- M&A/corporate and commercial : Private equity buyouts
- Media, technology and telecoms : Technology: transactions
- Media, technology and telecoms : Telecoms and broadcast: transactional
- Real estate and construction : Real estate
- Tax : Domestic tax
- Tax : International tax