Law Firm News

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Law Firm News

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Mayer Brown LLP

IFLR Honors Mayer, Brown, Rowe & Maw's Financial Restructuring & Bankruptcy Practice at Annual Americas Awards
The International Financial Law Review (IFLR) honored Mayer, Brown, Rowe & Maw LLP's Financial Restructuring & Bankruptcy Practice for its work on the "Restructuring of the Year," In re. Owens Corning et. Al., at its annual Americas Awards. The awards, which were held last week at the Waldorf-Astoria Hotel in New York, honored outstanding teams of attorneys, as well as groundbreaking deals, in North and South America over 2006.

In October of last year Owens Corning emerged from a six-year bankruptcy process in one of America's biggest and longest asbestos-related Chapter 11 filings. The reorganization of the company produced a trust to resolve asbestos claims and included a landmark Court of Appeals decision on substantive consolidation. Mayer, Brown, Rowe & Maw acted for Bank of America in the restructuring.

Mayer, Brown, Rowe & Maw partner Brian Trust, who is a member of the Financial Restructuring & Bankruptcy Practice and the Partner-in-Charge of the firm's New York office, was on site at the Waldorf to accept the award. Trust commented, "We're delighted to receive this honor from IFLR. Day in and day out, we strive to meet clients' objectives, manage the various risks inherent in the restructuring process, and offer practical and innovative solutions to complex problems. We're very pleased to truly be able to offer clients a world-class team of restructuring and bankruptcy lawyers."

For more than 20 years IFLR has established itself as the world's leading magazine for in-house counsel and practitioners in the financial markets. IFLR covers the latest innovations in areas such as capital markets, banking, project finance, corporate governance, bankruptcy, litigation, fund management and M&A. In addition, IFLR's surveys (including topics such as Eurobonds, International Bonds, Structured Finance, Equities and the World's Largest Law Firms) have become benchmarks within the industry.

Mayer, Brown, Rowe & Maw has one of the world's premier financial restructuring and bankruptcy practices with experience in a broad array of industries, allowing the firm to quickly provide the proper context for the business and legal issues that may arise during the course of an out-of-court restructuring or in-court bankruptcy proceeding.

03-28-2007

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Lowis & Gellen LLP

LOWIS & GELLEN WINS UNANIMOUS CITY COUNCIL
Lowis & Gellen attorneys David Grobart and Melissa Dakich secured City Council Approval for a commercial shopping center, in Des Plaines, Illinois. The City Council voted unanimously in favor of this Planned Unit Development, rezoning application and replat. Mr. Grobart and Ms. Dakich guided this project through its preliminary and final stages working with the Des Plaines City Staff and presenting the project to the Des Plaines Architectural Review Board and Des Plaines Plan Commission in addition to the City Council. They will also present this project to the Des Plaines Zoning Board of Appeals to secure a Localized Sign Ordinance covering all of the required signage within the shopping center. For more information regarding this matter or the Real Estate Practice Group at Lowis & Gellen.

03-28-2007

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Lowis & Gellen LLP

LOWIS & GELLEN ATTORNEY SPEAKS TO AP ASSURANCE BOARD OF DIRECTORS ON ILLINOIS TORT REFORM
Lowis & Gellen partner Jenny O. Blake presented a speech on Illinois Tort Reform to a group of American Physicians Assurance Corporation's sales agents at the Wyndham Hotel in Chicago. The information was so well received that President and CEO R. Kevin Clinton invited her to make the presentation again in Boca Raton, Florida at a meeting of their Board of Directors. This board meeting took place on March 9, 2007, and will be synopsized in a press release entitled Constitutionality of tort reforms not yet tested; stakes are high for Illinois physicians, in the near future.

Ms. Blake clarified the provisions of tort reform for her audiences. She opined as to the likelihood of its being upheld as well as to the short and long-term implications of its potential success or failure.

03-28-2007

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Latham & Watkins

Latham & Watkins Admits Five New Partners Worldwide
Latham & Watkins LLP1 is pleased to announce that five attorneys from four of the firm's departments across offices in the United States and Europe were elected to the firm's partnership, effective April 1, 2007. All five attorneys were previously of counsel with the firm. This year the firm has admitted 31 new partners worldwide.

"We extend our congratulations to each of these outstanding new partners," said Robert M. Dell, Chairman and Managing Partner of Latham & Watkins. "All have demonstrated impeccable client service, sound business judgment and strong technical expertise. Their election to the partnership recognizes their hard work, team play, commitment and valuable contributions to the firm."
New Partners
Paris - Alexander Benedetti

Alexander Benedetti is a member of the Corporate Department. His practice focuses on private equity and mergers & acquisitions, with particular emphasis on LBOs. He regularly represents private equity institutions and equity sponsors in connection with leveraged buy-out acquisitions. Benedetti received a law degree in 1994 and a post graduate law degree in 1995 from the University of Aix-en-Provence in France.
Los Angeles - Stacey L. Rosenberg

Stacey Rosenberg is a member of the Finance Department. Rosenberg has a broad finance practice and represents financial institutions, including commercial and investment banks, insurance companies and private investment funds. She has acted as counsel to the lead bank on large syndicated credits for both investment grade and highly-leveraged companies. Rosenberg also regularly represents equity sponsors in connection with financing for leveraged acquisitions and companies in connection with leveraged recapitalizations and ongoing financing needs. She is regularly involved in financing, co-production and distribution transactions for the motion picture, television, theater and related entertainment industries. Rosenberg received her J.D. from the University of California, Los Angeles in 1996.
Brussels - Javier Ruiz Calzado

Javier Ruiz Calzado is a member of the Global Antitrust and Competition Practice and concentrates his practice on European Community (EC) and Spanish competition law, particularly in the area of cartel defense work and merger control. Prior to joining Latham, he served for six years as senior law clerk to Judge García-Valdecasas at the Court of First Instance of the European Communities (CFI). He played an active role in preparing the CFI's landmark judgments in leading cases in the field of competition, including Airtours/First Choice (one of the first ever annulments of a Commission merger decision) and Bayer-Adalat (a ground-breaking case interpreting the principle of unilateral conduct and the legality of parallel trade restrictions under EC competition rules). He received his J.D. from Universidad Autónoma de Barcelona in 1987 and his LL.M from the College of Europe in Bruges in 1988. He is fluent in English, French, Italian, Spanish and Catalan.
Washington, D.C. - Susan E. Seabrook

Susan Seabrook is a member of the Tax Department, and practices tax controversy law analyzing federal tax issues and resolving tax controversies at all levels of tax administration. Before joining Latham, Seabrook served as an Attorney Advisor with the Internal Revenue Service's National Office of Chief Counsel, Financial Institutions and Products, Branch 4, where she had primary responsibility for technical advice memoranda, private letter rulings and published guidance. She also was tax counsel to the Life Insurance Industry Specialization Program. Seabrook currently serves as Vice Chair of the Insurance Companies Committee of the Tax Section of the ABA. Seabrook received her J.D. from Gonzaga University in 1985 and her LL.M from University of Denver in 1990.
New York - Jeffrey A. Tochner

Jeffrey Tochner specializes in intellectual property and technology matters in the firm's Corporate Department and is the head of the Technology Transactions Practice Group in the firm's New York office. He is experienced in a wide variety of technology-related transactions including: outsourcing; joint ventures, strategic alliances and research and development; technology transfers; equipment manufacturing and installation agreements; software licensing and distribution; co-branding agreements; and e-commerce, internet and website agreements. He also routinely handles the intellectual property and technology aspects of mergers and acquisitions, as well as corporate finance transactions. Prior to joining Latham in 1997, Tochner served as a judicial clerk for the Honorable Emmett Ripley Cox, of the United States Court of Appeals, Eleventh Circuit. Tochner received his J.D. from the University of Florida in 1993.

03-28-2007

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Davis Polk & Wardwell

Davis Polk Advises IHS Inc. on a Block Trade
Davis Polk & Wardwell advised IHS Inc. on a block trade by a stockholder of 3.75 million shares of Class A common stock, for gross proceeds of $162 million. Citigroup Global Markets Inc. acted as underwriter.

IHS, based in Englewood, Colorado, is one of the leading global providers of critical technical information, decision-support tools and related services to customers in the energy, defense, aerospace, construction, electronics and automotive industries.

The Davis Polk corporate team included partner Joseph A. Hall and associates Christopher S. Schell, Patrick Jackson (not yet admitted) and Jonathan H. Pacheco (not yet admitted). Associate Rachel J. Strum provided ’40 Act advice. Lisa Garmong was the legal assistant on the transaction. All members of the Davis Polk team work in New York.

03-28-2007

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Weil, Gotshal & Manges, LLP

Weil Gotshal Advises Advent International on the Sale of Fat Face
International law firm Weil, Gotshal & Manges has advised Advent International and the founder and management shareholders on their agreement to sell Fat Face Group Limited, the fast-growing UK clothing retailer, to Bridgepoint Capital for £360 million.

Founded in 1988, Fat Face retails premium men's, women's and children's clothing and accessories created by its own in-house design team. It operates 128 owned retail stores, mail order catalogues and an internet store and has over 1,500 employees. Since 2004, Fat Face has grown sales and store numbers faster than all other specialists in the active lifestyle clothing market, worth an estimated £2.2 billion annually.

The Weil Gotshal team was led by Corporate partner Jonathan Wood, assisted by Corporate associates Samantha McGonigle and James Swan.

"Having advised Advent International on its acquisition of Fat Face in 2005, we were delighted to be chosen to advise all of the sellers on this transaction. We were able to draw on our strength in running hotly contested auctions and, through our close relationship with Advent, our understanding of its objectives enabled us to facilitate the execution of the transaction within a matter of three days from first round offers being made." (Jonathan Wood).

03-28-2007

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Fulbright & Jaworski L.L.P.

Fulbright Partner Listed in Who’s Who Legal - Texas Insurance
Fulbright partner Steve Pate was listed among the top Texas insurance practitioners by Who’s Who Legal 2007. Attorneys selected for this distinction were nominated by general counsel and other private practice attorneys.

Pate focuses his practice on first party insurance litigation and extracontractual litigation against carriers. Pate has also had substantial experience in construction litigation and in dealing in issues arising from catastrophic events. Pate, who has been with Fulbright for 22 years, received a B.A., magna cum laude, in 1980 and a J.D. in 1983 from Vanderbilt University.

03-28-2007

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