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Clifford Chance, Milbank Lead on $7.3 Billion Plane Leasing Deal
The Royal Bank of Scotland has agreed to sell its plane leasing unit to a consortium led by Japan's Sumitomo Mitsui.
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The Churn: Lateral Moves and Promotions in The Am Law 200
Dechert hires a former Mayer Brown partner as part of an effort to reestablish a presence in Frankfurt, Drinker Biddle & Reath snags a former U.S. Patent and Trademark Office commissioner, and Weil picks up a capital markets partner from Skadden. The Churn is constant. Please send all announcements to thechurn@alm.com.
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Jon Huntsman a Deadbeat? Orrick Sues Ex-GOP Candidate's Campaign For Allegedly Unpaid Rent
Orrick, Herrington & Sutcliffe claims it is owed more that $41,000 on a one-year sublease the Huntsman campaign took on space in the firm's Washington, D.C., office.
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The Careerist: Curiously Complacent
The legal job market is still the pits, yet 80 percent of law students are happy with their education. Plus, four more law schools are approved by AALS.
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Dealmaker of the Week: David Rosenthal of Dechert
Rosenthal led the Dechert team advising drugmaker Inhibitex, Inc., in its sale to Bristol-Myers Squibb for $2.5 billion--a 163 percent premium over Inhibitex's January 6 closing price.
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The Score: Super-Agent and Attorney Leigh Steinberg Is Bankrupt
Longtime sports-agent-to-the-stars Leigh Steinberg, a lawyer who served as the inspiration for the title character in the film Jerry Maguire, filed for bankruptcy this week in Santa Ana, California. Also in our regular look at the intersection of sports and law: a major settlement in the Dodgers' bankruptcy case, the NFL seeks to consolidate its concussion suits, and an appeals court revives a suit against Kobe Bryant.
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Skadden, Wachtell Lead on Indie Movie Studio Combination
The two Am Law 100 firms, along with Los Angeles boutique Liner Grode, are advising on a transaction that sees Lions Gate Entertainment acquire rival Summit Entertainment for $412.5 million in cash and stock.
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Vinson, Jones Day Advising on Westlake's $1 Billion Bid for Georgia Gulf
Vinson & Elkins and Jones Day are advising on a $1 billion unsolicited bid by petrochemical and plastics company Westlake Chemical for fellow chemicals maker Georgia Gulf.
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The Churn: Lateral Moves and Promotions in The Am Law 200
Dechert nabs the prosecutor who convicted Raj Rajaratnam; in-house lawyers return to firm life at Davis Wright Tremaine, Day Pitney, and SNR Denton; and McDermott Will & Emery says goodbye to one partner while welcoming another. The Churn is constant. Please send all announcements to thechurn@alm.com.
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Women Partners: A New Benchmark
An American Lawyer review of four years of partner promotions finds that on average women account for 30 percent of new partners in big firms. Which firms are above and below the line? Check out our new Women Partner Watch.
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