Goodwin, Gibson Dunn, Baker & McKenzie, Dewey: Business of Law
Goodwin Procter LLP added Thomas A. Beaudoin to the firm’s business law department in its Boston office.
Previously, he was at WilmerHale, where he was a partner and chairman of the fund formation practice group, Goodwin said. At Goodwin, he will be a member of the private investment funds practice, working with venture capital funds, private equity funds and institutional investors across the U.S., Europe and Israel.
Former U.S. Attorney Joins Gibson Dunn’s New York Office
Avi Weitzman, a former assistant U.S. attorney who helped convict Galleon Group LLC founder Raj Rajaratnam of insider trading, joined Gibson, Dunn & Crutcher LLP’s New York office as of counsel.
Weitzman was a member of the securities and commodities fraud unit at the U.S. Attorney’s Office in Manhattan.
In addition to his work on Rajaratnam, who was sentenced to 11 years in prison, the longest ever for insider trading, Weitzman was part of a team of prosecutors on “Operation Perfect Hedge,” which resulted in the conviction of almost 60 individuals for insider trading offenses.
Weitzman also was a senior member of the Organized Crime Unit, where he led racketeering investigations and prosecutions involving international organized crime, the firm said.
Baker & McKenzie Adds Compensation and Benefits Tax Attorney
Anne G. Batter rejoined Baker & McKenzie LLP as a partner in the firm’s Washington tax practice.
Most recently, she was the vice chairman of Miller & Chevalier’s employee benefits practice, the firm said. She was with Baker & McKenzie from 2000 to 2008.
Batter has experience in planning executive compensation and benefits arrangements, assisting clients in executing their plans, and defending clients before the Internal Revenue Service and in court. She also handles excise tax matters, particularly involving the air transportation excise tax.
Baker & McKenzie’s global tax group has a worldwide team of more than 750 tax practitioners, economists and financial analysts in 41 countries. The firm has more than 3,800 locally qualified lawyers and more than 5,800 professional staff in 69 offices in 42 countries.
White-Collar Partner Joins Davis Wright From DLA Piper
Jeffrey B. Coopersmith, a former white-collar partner at DLA Piper LLP, joined Davis Wright Tremaine LLP as a partner. He will practice out of the firm’s Seattle and San Francisco offices.
Earlier in his career, Coopersmith served eight years as an assistant U.S. attorney for the Western District of Washington, where he coordinated corporate and securities fraud investigations and prosecutions.
Among his recent clients was the former chief financial officer of Countrywide Financial Corp., whom Coopersmith successfully represented in Securities and Exchange Commission litigation, the firm said.
Davis Wright has nine offices and about 500 lawyers in the U.S. and Shanghai.
O’Melveny Shanghai Partner Moves to Paul Hastings
Paul Hastings LLP hired Sean Tai as a partner in the Shanghai corporate department. He was previously with O’Melveny & Myers LLP.
Tai has experience in cross-border mergers and acquisitions, private equity investments, real estate investments and related financings in China, Paul Hastings said in a statement. He also has dealt with debt financings, corporate governance and securities law compliance.
His clients have included Apollo Global Management LLC, Goldman Sachs Group Inc. and Tishman Speyer Properties LP, the firm said.
Paul Hastings has more than 1,000 lawyers with 19 offices in Asia, Europe and the U.S.
Latham Leveraged Finance Lawyer Rosen Leaves for Manatt
Manatt, Phelps & Phillips LLP said Dayan R. Rosen joined the firm’s Los Angeles office as a partner in the leveraged finance practice. He was previously counsel at Latham & Watkins LLP in Los Angeles.
Rosen has experience representing financial institutions in leveraged finance and banking transactions, including acquisition financings, international financings, dividend recapitalizations, refinancings and asset-based lending. He also represents private equity firms and companies.
He has worked with Barclays Plc, Credit Suisse Group AG, Goldman Sachs Group Inc., JPMorgan Chase & Co., UBS AG and Wells Fargo & Co., the firm said in a statement.
Manatt has eight offices in California, New York and Washington.
Dewey & LeBoeuf Moves
Dewey Partners Move to Washington, New York, Boston, London
Since the beginning of the week, at least 11 law firms have announced the addition of 23 lawyers from Dewey & LeBoeuf LLP as partners. Yesterday, six firms said 14 lawyers from Dewey joined as partners.
More than 246 of Dewey’s 300 partners have left this year as the firm struggled to avoid collapse. A team of 16 lawyers went to Duane Morris LLP, the firm announced, with experience in corporate, insurance regulatory, energy, trial, antitrust, mergers and acquisitions, private equity, tax and employee benefits. Nine joined as partners in the New York, Boston and Washington offices.
The new lawyers were led to Duane Morris by Elizabeth W. Powers, who was on Dewey’s executive committee, and Alice T. Kane, former general counsel at New York Life Insurance Co.and interim global general counsel of Zurich Financial Services Ltd., Duane Morris said in a statement.
Cameron F. MacRae III, previously vice chairman and chairman of the corporate department of Dewey’s predecessor firm, LeBoeuf, Lamb, Greene & MacRae, is among the new lawyers at Duane Morris.
In addition to the nine partners, three of the new lawyers joined as counsel and four as associates, Duane Morris said. In New York, the new partners are Kane, MacRae, Powers, Hugh T. McCormick, K. Oliver Rust and Mitchel C. Pahl.
The Washington partners are litigators Jocelyn C. Bramble and Mark A. Walsh. Thomas H. Redekopp, who focuses on corporate finance transactions and mergers and acquisitions, joined the firm in Boston.
Orrick, Herrington & Sutcliffe LLP said it added Harry Clark and a senior associate to its corporate practice in Washington. Clark was formerly co-head of Dewey’s international trade practice group.
Margaret A. Keane, a former litigation partner and co- chairman of Dewey’s global employment dispute resolution practice, joined Littler Mendelson PC as a shareholder in its San Francisco office, according to the firm.
Former Deputy U.S. Trade Representative Ambassador Alan Wolff and another lawyer joined the international practice of McKenna Long & Aldridge LLP in Washington, the firm said. Wolff was previously the co-chairman of the international trade practice at Dewey.
WilmerHale hired Robert Finkel, who joins the firm’s New York office as a partner in the corporate group. Finkel has represented international corporations and financial institutions in complex commercial transactions with a focus on technology and outsourcing.
In London, two Dewey partners found new homes. Sarah Linton joined Locke Lord LLP’s London office as a partner in the labor and employment practice. She previously headed Dewey’s U.K. compensation, benefits and employment practice.
Dan Coppel joined Jones Day’s London office as a partner in the mergers and acquisitions practice, the firm said. Coppel advises both investment banks and corporations.
Munger Tolles Partner Watford Confirmed for Ninth Circuit
Republican lawmakers threatened to filibuster Watford’s nomination, delaying the vote. Nine Republicans joined Democrats to confirm the seat 61-34, after an outpouring of support, The Recorder said.
Watford’s nomination was supported by 32 lawyers who served with him as clerks at the U.S. Supreme Court, where he clerked for Justice Ruth Ginsberg from 1995 to 1996. Another 40 more lawyers who clerked with him at the Ninth Circuit the year before, when he clerked for Judge Alex Kozinski, also wrote letters of support, The Recorder said. The general counsels of Google Inc., Mattel Inc. and Verizon Communications Inc. also sent letters of support, The Recorder said.
Watford’s practice focuses primarily on appellate litigation in state and federal courts. Earlier in his career, he worked as an assistant U.S. attorney in Los Angeles, where he was a member of the major frauds section in the Criminal Division. From 2005 to 2008, he served as co-chairman of the American Bar Association’s appellate practice committee.
Steptoe Expands International Arbitration Practice in London
Patrick Norton was named co-chairman of Steptoe & Johnson LLP’s international arbitration group and has relocated to the firm’s London office. In London, Norton will be responsible for expanding the firm’s international arbitration practice in the U.K. and Europe, Steptoe said in a statement.
Norton has almost 40 years’ experience in international arbitration and has served as lead counsel in more than 100 international arbitrations involving Asia, Europe and the Middle East, according to Steptoe.
Norton also has a Foreign Corrupt Practices Act and anti- corruption practice. He has counseled companies on FCPA compliance since the legislation was enacted in the late 1970s.
Norton lived and practiced law in China from 1999 to 2005, and much of his recent arbitration and FCPA practice has involved China or other countries in Asia. He speaks Mandarin and reads written Chinese.
Steptoe has more than 500 lawyers and other professionals in offices in Beijing, Brussels, Chicago, London, Los Angeles, New York, Phoenix and Washington.
Alibaba Buys Back $7.1 Billion Stake From Yahoo as IPO Looms
Alibaba Group Holding Ltd., China’s largest e-commerce provider, agreed to repurchase about a 20 percent stake in itself from U.S. web portal Yahoo! Inc. (YHOO) for about $7.1 billion ahead of a potential initial public offering.
Yahoo will receive at least $6.3 billion in cash and as much as $800 million in newly issued Alibaba preferred stock, the companies said in a statement May 20. At the time of an IPO, Alibaba will be required to either buy back a quarter of Yahoo’s current stake or let Yahoo sell the shares. The deal values Alibaba at about $35 billion.
Alibaba was represented by Wachtell, Lipton, Rosen & Katz, Freshfields Bruckhaus Deringer LLP and Fenwick & West LLP. Credit Suisse Group AG was Alibaba’s financial adviser.
Skadden, Arps, Slate, Meagher & Flom LLP, Weil Gotshal & Manges LLP and Munger Tolles & Olson LLP gave Yahoo legal advice. UBS AG, Goldman Sachs Group Inc. and Allen & Co. gave Yahoo financial advice on the transaction.
Wachtell partners advising Alibaba included on corporate, Mark Gordon; on tax, Eiko Stange; and on restructuring and finance, Eric Rosof.
David Hayes, chairman of Fenwick’s intellectual property group, advised Alibaba on IP issues for the Yahoo transaction.
Freshfields partners are China Chairman Teresa Ko, with Asia head of finance David Winfield providing finance advice. Ken Martin, head of the China corporate practice, provided securities advice.
Skadden represented Yahoo with a team of merger and acquisition partners in Palo Alto, Los Angeles and Hong Kong. In Palo Alto, Leif King and Kenton King were on the firm’s team along with Ed Lam in Hong Kong and Gregg Noel and Jonathan Ko in Los Angeles. Tax partners Matthew Rosen in New York and Eric Sensenbrenner in Washington were also on the team.
Weil lawyers Karen Ballack and Kwang-chien Ger worked on the deal. Weil was brought in to handle all intellectual property and technology aspects of the transaction for Yahoo.
Munger Tolles partners who also worked on the Yahoo! deal include Ronald L. Olson and Robert B. Knauss.
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