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

It has a good option to upload different resumes and cover letters.
Amy


Facts

LawCrossing Fact #190: Every single job -- whether from an established corporation or a rapidly expanding startup -- is available to you.


Location
Irvine, CA
Description

FLANIGAN LAW GROUP is seeking a full time LITIGATION attorney with minimum 2 years of trust and e...

Apply now  
Location
Miami, FL
Description

Insurance Defense litigation trial practice is currently seeking an attorney for our Miami office...

Location
Orlando, FL
Description

Morgan & Morgan, PA, a Claimant’s litigation firm with over 25 years of experience, mor...

Location
Nashville, TN
Description

Litigation Paralegal / Legal Assistant needed in our Nashville, TN office for the Wage & Hour...

Location
Arlington, VA
Description

The Institute for Justice, the national law firm for liberty, is seeking a uniquely passionate, p...

Location
Boston, MA
Description

Small Boston law firm seeks entry-level associate, 0-4 years litigation experience. Strong writer...

Apply now  
 

NOW TRENDING ON BCG ATTORNEY SEARCH

MOST POPULAR ARTICLES

Testimonial of the Week

LawCrossing is great at picking up all of the legal listings everywhere across the internet. I could have gone to three different sites to search, but you had them all on your site. That was extremely helpful. LawCrossing is a one stop shop!
  • Eileen Baca-Penner New Mexico
Job of the Day

Litigation Paralegal / Legal Assistant

Nashville, TN

Litigation Paralegal / Legal Assistant needed in our Nashville, TN office for the Wage & Hour Division of the firm. Plea...

Employer: Morgan & Morgan, PA

Job Search Tip

Never include salary information in your resume or cover letter.