Shearman Adds Expands Project Practice: Business of Law
By Elizabeth Amon – Jan 7, 2014 12:00 AM ET
Nelson joins from Akin Gump Strauss Hauer & Feld LLP, where he worked in the San Francisco and Abu Dhabi offices. Patten joins the firm from Allens, where he led the oil and gas sector team in Asia and Australia.
“Bob’s admission is consistent with our strategy of expanding our U.S. project development and finance practice, and we are particularly excited about his experience and relationships in the U.S., Middle East, Asia and India,” Creighton Condon, the firm’s senior partner, said in a statement. “Anthony has an outstanding marketplace reputation for his knowledge of the oil and gas industry, his finance skills and his clients-first approach.”
Nelson focuses on project development, finance, acquisitions and workouts, as well as private-equity fund formation and investment activity, in energy and infrastructure. He has worked on more than 90 projects in more than 20 countries, the firm said, including representation of Bechtel Group Inc. and General Electric Co. in the restructuring of the $3 billion Dabhol power project in India.
Patten’s practice has focused on corporate and project development work in the energy industry, with emphasis on oil and gas. His work has included projects across Europe, North America, the Middle East, Africa, Asia and Australia. Patten also spent six years working in London and the United Arab Emirates as a senior in-house counsel at Royal Dutch Shell Plc.
Shearman & Sterling has about 850 lawyers at 18 offices worldwide.
Derivatives Partner Budofsky Joins Bingham in New York
Bingham McCutchen LLP expanded its finance, global funds and structured-transactions practices with the addition of derivatives partner Daniel Budofsky to the investment management practice group in New York. He was previously at Davis Polk & Wardwell LLP.
Budofsky advises banks, financial institutions, corporations, funds and asset managers on financial products. He has worked on derivatives and financing transactions, including fund derivatives, as well as complex structured products, the firm said.
“Dan brings a unique balance of regulatory and transactional experience in derivatives and will be an immediate asset to the firm in several of our leading practices and to clients,” Roger Joseph, co-head of Bingham’s financial services area and an investment management partner, said in a statement.
Budofsky will also be a member of Bingham’s derivatives group, Reed Auerbach, co-leader of Bingham’s corporate area, said in a statement.
“Dan’s arrival is ideal for our clients who are facing increased scrutiny from expanding derivatives regulations,” Auerbach said.
Bingham has 14 offices in the U.S., Europe and Asia.
Morgan Lewis Adds Renewable-Energy Trio from Foley & Lardner
Morgan Lewis & Bockius LLP announced the addition of three renewable energy lawyers from Foley & Lardner LLP, including James T. Tynion III, the former co-chairman of the energy industry team at his former firm.
Tynion, who leads the group, joins as a partner in the New York office. Energy transactions partner Elizabeth P. Hanigan joins in Chicago along with a counsel in San Francisco.
The group focuses on development, construction and financing of wind, solar and other renewable-power projects, and renewable-energy mergers and acquisitions.
“The addition of these accomplished lawyers provides us with a critical mass in the U.S. renewable-energy sector,” firm Chairman Francis M. Milone said in a statement. “This group, combined with our legacy renewable-power team, positions Morgan Lewis to compete successfully for renewable projects of any size, anywhere in the U.S. with fresh opportunities to build on our client work in Europe, Asia, Latin America and the Middle East.”
Tynion has devoted his practice primarily to renewable energy since 1998. As co-chairman of Foley’s energy industry practice, and before that as the firm’s project and infrastructure finance team leader, Tynion worked on deals involving wind and solar projects throughout the U.S.
Hanigan works on transactions involving the development, construction, financing and acquisition and divestiture of wind and solar energy projects.
Morgan Lewis’s energy transactions practice’s recent work includes deals such as BHP Billiton’s $14.1 billion dollar acquisition of Petrohawk Energy Corp., Sempra Energy’s development of a $6.5 billion liquefied natural gas facility in Cameron, Louisiana, and Moxie Energy LLC’s development of a power plant in Pennsylvania, the firm said.
Morgan Lewis has more than 1,600 legal professionals in 25 offices across the U.S., Europe, Asia and the Middle East.
Competition Partner Martin Rees Joins Squire Sanders in London
Rees has experience as a competition lawyer, working in private practice as well as in-house in the coal and brewing industries. His practice encompasses cartel and abuse-of-dominance cases before the U.K. Office of Fair Trading and the European Commission, the firm said.
“The expansion of our global competition law practice has been one of the firm’s key strategic goals as cross-border merger and international cartel activity and related global antitrust civil litigation continue to grow,” Joseph Markoski, Squire Sanders’s regulatory practice group leader, said in a statement.
Rees has represented the European brewing industry before the European Commission on legislation concerning vertical restraints and is advising the British Beer and Pub Association and the Brewers of Europe on indirect taxation, the firm said.
Rees is the fifth competition law partner to join Squire Sanders during the past year. The firm has more than 1,300 lawyers in 39 offices in 19 countries.
White-Collar Litigator Pierson Joins Morvillo in Washington
Stuart F. Pierson, who was until recently head of Troutman Sanders LLP’s white-collar defense and government investigations practice, joined Morvillo LLP as counsel in the Washington office.
“Stu adds further depth and experience to our growing white-collar practice,” firm co-founder Richard J. Morvillo said in a statement. “His arrival is another step in our continuing efforts to build a premier white-collar boutique comprising exceptional trial lawyers.”
Pierson has focused his practice on white-collar and government investigations, civil litigation and media law.
Morvillo devotes its practice to handling Securities and Exchange Commission enforcement matters, securities and accounting litigation and white-collar criminal defense. The firm has offices in New York and Washington.
Duane Morris Delaware Office Adds Trial Partner Richard Renck
Duane Morris LLP added Richard L. Renck to the firm’s trial practice group as a partner in the Wilmington, Delaware, office. He was previously at Ashby & Geddes PA.
Renck focuses his practice on complex corporate and commercial litigation, mostly corporate governance actions in state and federal courts and statutory actions arising under Delaware law, the firm said. He also advises clients on general commercial disputes and advises corporate boards, directors and committees of boards in high-stakes litigation.
Duane Morris has more than 700 attorneys in offices in the Americas, Europe, Asia and the Middle East.
Kirkland, S&C on Verso $1.4 Billion Agreement to Buy NewPage
Verso Paper Corp. agreed to buy NewPage Holdings Inc. for $1.4 billion, adding to its coated paper production. Kirkland & Ellis LLP is advising Verso and Apollo Global Management with a team led by New York corporate partners Taurie Zeitzer and Joshua Kogan.
Sullivan & Cromwell LLP represented NewPage with a team that included partners Joseph Frumkin and Melissa Sawyer, corporate; Robert Buckholz, financing; Daryl Libow, antitrust; Matthew Friestedt, executive compensation and benefits; and Ronald Creamer, tax.
NewPage shareholders will get $900 million in cash and debt as well as Verso stock, the Memphis, Tennessee-based company said yesterday in a statement.
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U.K. Trial Lawyers Stage First Walkout in 600 Years on Fee Cuts
Thousands of criminal trial lawyers staged a half-day strike across the U.K. in a protest against government cuts to legal aid that have reduced their pay by as much as 30 percent.
The barristers decided not to attend court before 2 p.m. yesterday as part of the walkout, the industry’s first in 600 years, according to the Criminal Bar Association. The action may affect cases across the country, with protests outside of venues including Southwark Crown Court in London, where some of the largest fraud prosecutions are heard.
The government is overhauling legal aid as part of austerity measures to trim the country’s deficit. Officials are trying to cut 350 million pounds ($573 million) from the 2 billion-pound annual budget for legal aid, according to the Ministry of Justice. A 30 percent fee reduction in long-running, high-cost cases came into effect in December.
“Inevitably, more defendants will end up representing themselves,” said Mukul Chawla, a barrister who is advising the Serious Fraud Office in prosecuting traders over manipulation of benchmark interest rates. “A number of high-profile white-collar fraud cases are in danger of going to court without defendants’ being represented.”
The cuts have already affected proceedings in the U.K.’s biggest insider-trading investigation, known as Operation Tabernula, as only two of the six defendants have trial lawyers after the others withdrew.
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