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.

Wachtell, Lipton, Rosen & Katz

    


Featured Testimonials

The articles and the number of the jobs listed on LawCrossing are awesome!
Giancarlo


Facts

LawCrossing Fact #133: We let you help others by allowing you to refer them to specific jobs you find on our site that might be right for them. Social networking is the next wave of online job boards.


Location
Folsom, CA
Description
Indian Law Attorney The candidate should have 0-3 years of relevant experience. Must be a member in...
Apply now  
Location
Encino, CA
Description
Manager of Litigation Procedure Attorney Duties: Managing the activities and tasks associated with ...
Apply now  
Location
Greenwood, IN
Description
Corporate Counsel The candidate will provide solutions oriented, proactive, high quality legal coun...
Apply now  
Location
Tucson, AZ
Description
Public Defender Duties: The candidate will develops and implements legal policies and direction for...
Apply now  
Location
Washington, DC
Description
Chief Counsel Honors Program, Passthroughs and Special Industries Department The program is availab...
Apply now  
Location
Miami, FL
Description
Tax Services Manager - International Tax - Transfer Pricing The candidate will effectively apply co...
Apply now  
 

NOW TRENDING ON BCG ATTORNEY SEARCH

MOST POPULAR ARTICLES

Testimonial of the Week

I was able to obtain my new job through LawCrossing. I love your service! Hopefully, I won't need your help for a while, but if I do, I'll certainly sign up again. I have already told others about your great site.
  • Theresa D. Colorado
Job of the Day

Exciting Opportunities for Commercial Transactions Attorneys

New York City, NY

The Opportunity We are recruiting for attorneys with commercial contracting experience for full-time, part-time and f...

Employer: JURISolutions Legal (JSL)

Job Search Tip

Try to negotiate in person, never over the phone. It's much easier to wheel and deal face to face.