GE, J&J Spinoff Work Begins for ‘Bevy’ of Outside Lawyers (1)

General Electric Co. and Johnson & Johnson have nearly three dozen outside lawyers already tackling the mountains of legal work necessary for the breakup of their companies.

Tasks involving disclosures, tax avoidance, contracts, liabilities, intellectual property, and executive compensation—among other things—are enough to overwhelm even the most robust in-house legal departments.

The effort requires “a bevy of lawyers to assist,” said Edward Adams, a University of Minnesota professor who specializes in corporate law. “There’ll be a tremendous amount of work for outside counsel.”

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GE has retained ...