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 resume and cover letter uploading mechanism is very good!!
Shermineh


Facts

LawCrossing Fact #228: We offer a live support feature that allows you to chat live with a member of the LawCrossing team if you ever have any questions.


Location
Westbury, NY
Description
Attorney The candidate will be working directly with the Managing Attorney. Will be assisting with ...
Apply now  
Location
Sleepy Hollow, NY
Description
Paralegal The candidate should be able to handle busy caseload and be able to multitask while worki...
Apply now  
Location
Orlando, FL
Description
Corporate Attorney The candidate should have 8+years of experience in corporate transactions, inclu...
Apply now  
Location
Glenview, IL
Description
Corporate Counsel The candidate will report to the Senior Corporate Counsel and Regional Compliance...
Apply now  
Location
Miami, FL
Description
ITS Tax Intra Area Desk Manager Duties: Examine, analyze, and interpret financial records/ informat...
Apply now  
Location
New Iberia, LA
Description
Associate General Counsel The candidate will draft, review and negotiate contracts of all types wit...
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

Attorney

Madison, WI

Attorney – Madison Wisconsin The Hy Cite Enterprises legal team supports the company’s operations both in...

Employer: Hy Cite Enterprises, LLC

Job Search Tip

You're worth what you say you're worth. No one has your unique set of skills, personality, commitment. Don't sell yourself short.