Law Firm News

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Law Firm News

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White & Case, LLP

White & Case Formalises Islamic Finance Capabilities to Launch New Unit
25-strong Team Based in Key Financial and Trade Centres

London, March 6, 2006 ... White & Case today formalised its long-standing Islamic finance capabilities with the launch of an Islamic Finance unit, comprising twenty-five lawyers throughout its global network of offices. The members of the team are primarily based in the Firm's London, New York, Paris, Riyadh and Washington, D.C. offices and are drawn from its asset finance, banking, capital markets, corporate and project finance practice groups. The unit will be led jointly by partners Craig Nethercott and Mohammed Al-Sheikh, based in London and Riyadh respectively.

""We've been advising on Islamic financing issues for years but hadn't formalised these capabilities to the outside world. With interest in Islamic finance increasing across our client base, we wanted to provide a clearer picture of what we do,"" commented Craig Nethercott on the formation of the unit.

Several members of the unit are fluent in Arabic and have received specialised training in the principles and substance of the Sharî'a at leading academic institutions and either reside permanently in the Middle East or elsewhere in the Islamic world, or have spent considerable periods of time there.

White & Case has more than thirty years' experience in the structuring and implementation of financial transactions compliant with Islamic law, including: the use of an 'adl (trustee-arbitrator) in a wide variety of transactions; the contracts of ijâra (lease) and ijâra wa l-'iqtinâ (lease purchase); Istisnâ' (contract of construction or manufacture); Mudâraba (capital and services partnership); Murâbaha (cost plus profit sale contract); Takâful (Islamic cooperative insurance); Bay' al-'arbun (option sale transaction); various forms of commodity trade transactions; standard form documentation; and investment funds and unit linked products.

White & Case recently advised Saudi Aramco on the largest Islamic project financing to date in Saudi Arabia as part of a financing for a major integrated refinery and petrochemical complex at Rabigh, on Saudi Arabia's Red Sea coast. This follows White & Case's groundbreaking work in Qatar on the Qatargas II Islamic financing and Oman on the Sohar smelter Islamic financing. Within recent years the Firm has advised the Sponsors on the first Islamic financings in such countries.

03-06-2006

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Latham & Watkins

LATHAM & WATKINS STRENGTHENS LIFE SCIENCES PRACTICE IN SILICON VALLEY
Prominent corporate attorney specializing in licensing and IP matters joins Latham

Menlo Park, March 6, 2006…Latham & Watkins LLP1 is pleased to announce that Judith Hasko is joining the firm's Silicon Valley office as a partner in the Corporate Department effective March 6, 2006.

Hasko's practice focuses on representing biotechnology, pharmaceutical, medical device and other companies and investors in a wide range of technology-based commercial transactions. She works with both private and public companies in domestic and international transactions, counseling such companies with respect to corporate partnering, joint venture, asset purchase, spin-out, licensing, distribution, manufacturing, co-development, profit-sharing and co-promotion matters. She also advises investors with respect to licensing and intellectual property matters arising in private and public offerings by life sciences companies.

Hasko joins Latham & Watkins from the Palo Alto office of Cooley Godward LLP, where she has been a partner in the life sciences practice since 2001. Her representative transactions include advising Corgentech in its co-development, co-promotion and profit-sharing agreement with Bristol-Myers relating to a phase 3 clinical stage product, potentially worth more than $550 million; representing Tularik in its collaborations and licenses with companies such as Eli Lilly & Co, Japan Tobacco and Amgen; and working with clients such as Abgenix, Gilead and Nektar Therapeutics in various strategic licensing and IP matters, including collaborations with domestic and international pharmaceutical companies.

""Judith's experience in advising life sciences companies with respect to their key commercial transactions brings added prominence to our life sciences group,"" said Ora Fisher, Silicon Valley Office Managing Partner of Latham & Watkins. ""Over the past several years, we have done an excellent job of meeting the growing needs of clients in several technology transactions fields - most notably life sciences, software, internet, and semiconductors - and Judith will further expand our ability to support life sciences companies in their commercial transactions. She brings an advanced scientific background, strong commercial approach and a track record as one of the leading lawyers in the life sciences arena to the Latham team.""

Hasko joins a Latham & Watkins team that boasts partners such as Alan Mendelson, Charles Hoyng and Michael Hall, who are widely recognized as leaders advising on corporate and licensing matters for life sciences companies.

""Life sciences company transactions are complex and our clients expect experienced, life sciences-focused lawyers to work with them and provide sophisticated advice and assistance. Judith is one of those lawyers,"" said Hoyng. ""She adds additional depth to our licensing and IP practice, and she will help us further expand our life sciences company practice.""

""When I have worked across the table from my new colleagues at Latham, I have been impressed by their industry knowledge and experience, as well as their innovative and collaborative approach,"" said Hasko. ""I am excited about joining Latham, and look forward to growing my practice and serving life sciences clients in a range of commercial transactions.""

Hasko received her J.D. degree cum laude in 1994 from the University of Wisconsin Law School, where she served as an Articles Editor of the Wisconsin Law Review and was elected to the Order of the Coif. While at the University of Wisconsin, she was an extern for the Honorable Barbara B. Crabb, U.S. District Judge, Western District of Wisconsin. Hasko received a B.A. degree in Biopsychology from Vassar College in 1986, and a Master of Philosophy degree in Neurobiology from the University of Sussex in England in 1988. Prior to attending law school, she worked at Genentech Inc. in the company's cardiovascular research department. Hasko has coauthored several scientific publications in the areas of sensory and cardiovascular biology. She is also admitted to practice before the United States Patent and Trademark Office.

About Latham & Watkins
Latham & Watkins is a global law firm with more than 1,800 attorneys in 22 offices, including Brussels, Chicago, Frankfurt, Hamburg, Hong Kong, London, Los Angeles, Milan, Moscow, Munich, New Jersey, New York, Northern Virginia, Orange County, Paris, San Diego, San Francisco, Shanghai, Silicon Valley, Singapore, Tokyo and Washington, D.C. For more information on Latham & Watkins, please visit the Web site at www.lw.com

Notes to Editor
1 Latham & Watkins operates as a limited liability partnership worldwide with an affiliate in the United Kingdom and Italy, where the practice is conducted through an affiliated multinational partnership.

03-06-2006

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Powell Goldstein LLP

Powell Goldstein Taps Massey & Bowers
Government Relations and Lobbying Firm to Keep Track of Georgia Legislature

ATLANTA, March 5 /PRNewswire/ -- Powell Goldstein LLP announced today it
has signed a cooperative agreement with government relations and lobbying firm
Massey & Bowers LLC, to track legislative affairs in Georgia and gain insight
into issues that might impact the firm's clients and various practice areas.
Atlanta-based Massey & Bowers specializes in government relations offering
strategic planning, business development within the governmental sector and
procurement consulting, as well as traditional lobbying services. The
company's partners, who have more than 40 years of combined government,
political and business experience, include former Georgia Secretary of State
Lewis A. Massey and Bruce E. Bowers, a member of Governor Sonny Perdue's
transition team after his election in 2002.
""For client reasons, our firm needs to have the best and most experienced
government relations advisors at the local and regional level, and Massey &
Bowers is one of the most accomplished firms in Georgia,"" said Powell
Goldstein Chairman James J. McAlpin, Jr. ""We trust the firm, and respect its
judgment and ability to provide knowledge in areas of importance for our
clients.""
""We are proud of this partnership with Powell Goldstein,"" said Massey &
Bowers partner Lewis Massey. ""It is an honor to work with one of the most
highly regarded law firms in Georgia.

03-05-2006

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Nutter McClennen & Fish LLP

David Ferrera quoted on balancing law firm pro bono legal services with other practice demands
David Ferrera, the firm’s partner for pro bono matters and co-chair of the Boston Bar Association Pro Bono Committee, commented on balancing pro bono legal services with other client work in “The Pro Bono Dilemma,” published in The Boston Globe on March 5.

Nutter has a long tradition of active participation in pro bono representation and community service and has in place a wide variety of pro bono programs focused on direct provision of legal services

03-05-2006

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Kramer, Levin, Naftalis & Frankel, LLP

Tarnoff Quoted in NY Times Article on Manhattan Air Rights
Land Use Partner Gary Tarnoff was quoted in a New York Times article on air rights deals in Manhattan, and the increased involvement of homeowners, small building owners and co-op boards in such deals. He is mentioned as the lawyer for a group of homeowners that agreed to sell 19,148 square feet of development rights to the Extell Corporation, allowing Extell to add four stories to a condominium tower near the homeowners. Tarnoff had Extell concede on several points, including having a garage entrance built away from the homeowners' property.

03-05-2006

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Powell Goldstein LLP

Powell Goldstein Taps Massey & Bowers
Government Relations and Lobbying Firm to Keep Track of Georgia Legislature
ATLANTA – Powell Goldstein LLP announced today it has signed a cooperative agreement with
government relations and lobbying firm Massey & Bowers LLC, to track legislative affairs in Georgia and
gain insight into issues that might impact the firm’s clients and various practice areas.
Atlanta-based Massey & Bowers specializes in government relations offering strategic planning, business
development within the governmental sector and procurement consulting, as well as traditional lobbying
services. The company’s partners, who have more than 40 years of combined government, political and
business experience, include former Georgia Secretary of State Lewis A. Massey and Bruce E. Bowers, a
member of Governor Sonny Perdue’s transition team after his election in 2002.
“For client reasons, our firm needs to have the best and most experienced government relations advisors at
the local and regional level, and Massey & Bowers is one of the most accomplished firms in Georgia,” said
Powell Goldstein Chairman James J. McAlpin, Jr. “We trust the firm, and respect its judgment and ability to
provide knowledge in areas of importance for our clients.”
“We are proud of this partnership with Powell Goldstein,” said Massey & Bowers partner Lewis Massey. “It
is an honor to work with one of the most highly regarded law firms in Georgia.

03-05-2006

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Dewey & LeBoeuf LLP

\"Day Later, N.F.L. Talks Still Sputter\"
Litigation co-chairman Jeffrey Kessler was quoted in an article regarding the break down of negotiations between the National Football League (N.F.L.) owners and the players union after a meeting that lasted five hours, which decreased the likelihood of a new labor agreement before the scheduled start of free agency. One of the major setbacks to reaching an accord is division among owners regarding revenue sharing. Mr. Kessler commented that "the problem is that the owners can’t get their act together on revenue sharing. They’re a dysfunctional family, and if the owners can’t agree on how they share, how can they make a deal with us." Commenting on whether talks would resume, Mr. Kessler stated "Not unless somebody calls Gene [Upshaw] and says they’re really ready to do a deal, and really ready for movement. We can talk for 5,000 hours, but if they don’t come close to our ballpark, there’s no reason to talk. That’s why talks ended, and Gene went back to Washington." Mr. Kessler added "With what the owners were offering, the salary cap was only going to be about $100 million anyway. We’ve done our best to compromise. But there’s not a player in the N.F.L. who wants us to take a bad deal.

03-05-2006

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