2 Views
12/06/08

Wachtell, Mayer Brown lead in Chevy Chase sale


Wachtell Lipton Rosen & Katz and Latham & Watkins, Mayer Brown have been named key advisers to US bank Capital One's acquisition of Chevy Chase Bank.

Mayer Brown partners Jim Carlson and Scott Anenberg advised Chevy Chase, while partner Ed Herlihy led a team from Wachtell advising Capital One on the $520m acquisition.

Capital One will acquire the US bank for $445m under the deal, as well as acquiring 2.56m Capital One shares valued at $75m.

Cleary, Dewey, Milbank cut associate bonuses
The new market rate for year-end associate bonuses has been matched by Cleary Gottlieb Steen & Hamilton, Dewey & LeBoeuf and Milbank Tweed Hadley & McCloy. Both firms will pay associates bonuses ranging from $17,500 for the class of 2008 and up to $32,500 for the class of 2000. This move follows elite firm Cravath Swaine & Moore, which last week cut bonuses in half with first year associates receiving $17,500 this year compared to $35,000 in 2007.

Annual Survey Shows Law Firm Leaders Wary but Confident
This year's American Lawyer survey results indicate uncertainty about the future for life at the biggest law firms in the land. The 112 firm leaders who answered this year's survey remained surprisingly upbeat about their firm's prospects even though they know that the boom for big law firms has busted. Most firm leaders surveyed seemed resigned to adjust the practice and scope of their business to reflect what they think is going to be a soft year for big law. The survey covered questions about profit predictions, billing rates, and predictions about hiring rates.

Featured Testimonials

LawCrossing is a huge data bank not only of legal jobs but also various informative articles.
Sean


Facts

LawCrossing Fact #9: LawCrossing allows users to upload their resumes and send them directly to employers.


Date
Location
Job Title
Jan 29, 16
US-OK- Oklahoma City
Attorney in Oklahoma City, OK
In-House, Min 10 yrs required
Chief Lobbyist Specialist The candidate will work for the American Fidelity Corporat...
Feb 03, 16
CA-ON- Mississauga
Corporate Attorney in Mississauga, ON
In-House, 3-5 yrs required
Counsel North America The candidate will provide timely and actionable focused legal...
Feb 03, 16
US-CA-Costa Mesa
Corporate Attorney in Costa Mesa, CA
In-House, 3-5 yrs required
Transactional Counsel Candidate will provide legal support for day-to-day transactio...
Job of the Day

Managing Claims Attorney

USA-Cleveland

The Managing Claims Attorney is responsible for the modification and appropriate execution of the Claims Department&...

Employer: National General Insurance

Job Search Tip

An easy way to develop a list of contacts: Get a piece of paper and pen. Time yourself 10 minutes. Then write down the first names of every adult you know, working or not. You'll be surprised how many people you really know. This is your network.