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Wachtell, Mayer Brown lead in Chevy Chase sale

published December 06, 2008

By CEO and Founder - BCG Attorney Search left
Published By
( 3 votes, average: 3.5 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
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.

Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

More about Harrison

About LawCrossing

LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.

published December 06, 2008

By CEO and Founder - BCG Attorney Search left
( 3 votes, average: 3.5 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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