Bloomberg Law
Dec. 7, 2022, 1:04 PM

Wake Up Call: Wachtell, S&C Hired to Advise in Fox Merger Talks

Rick Mitchell
Rick Mitchell
Freelance Correspondent

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

  • Special committees for Fox Corp. and News Corp. have hired Big Law outside advisers for their discussions exploring Rupert Murdoch’s proposed merger of the two companies, Deadline reported. The Fox committee hired Wachtell Lipton while News Corp. hired Sullivan & Cromwell, the report said, citing new Securities and Exchange Commission filings by the companies. (Deadline)
  • A Dec. 2 complaint accuses Polsinelli PC of making a $14.5 million error by identifying the wrong defendant in World Fuel Services Corp.’s Texas bankruptcy suit against Evergreen Helicopter. (Texas Lawyer)
  • Dechert LLP, UK elite firm Clifford Chance, and new litigation boutique Glenn Agre Bergman & Fuentes were among the latest crop of firms announcing year-end bonuses for US associates. They mostly match the standard established by Baker McKenzie and Cravath Swaine & Moore, ranging from $15,000 to $115,000 with some variations. Schulte Roth & Zabel matched the standard and offers three tiers of “step-up” bonuses for high billers. (Above The Law) Sheppard Mullin’s scale matched the standard for associates who billed at least 2,000 hours, and offers more money for big billers. (The Recorder)

Lawyers, Law Firms

  • McCarter & English saw revenue grow less than 1% to $264 million in its fiscal year ending Sept. 30, while its average profits per equity partner shrank by 11.5% as expenses swelled. The Newark, New Jersey-based firm added offices in Indianapolis and Miami. (New Jersey Law Journal)
  • The Pennsylvania House committee formed to gather evidence to support impeachment of Philadelphia District Attorney Larry Krasner has racked up more than $360,000 in legal bills, mainly from K&L Gates. (Pennsylvania Capital-Star)
  • Justis Connection, a Washington-area attorney network founded by a former civil rights director in Maryland’s attorney general office, says it aims to make Black attorneys more accessible to Black clients. (NBC News)

Laterals, Moves, In-house

  • McDermott Will & Emery brought back former assistant US attorney in Chicago James Durkin as a litigation partner in the city. As a federal prosecutor, Durkin, earlier a McDermott associate, led investigations and prosecutions within the national security and cybercrimes section and into public corruption. (MWE.com)
  • Orrick Herrington & Sutcliffe recruited “rising star venture” capital attorney Benjamin Howe as a partner in Boston. He arrives from Holland & Knight. (Orrick)
  • Barnes & Thornburg added healthcare attorney Jason Schultz as a partner in South Bend, Indiana. A former Faegre Baker Daniels attorney, he arrives from Saint Joseph Health System, where he’d been general counsel and recently vice president for strategy and business development; Barnes & Thornburg also hired Nashville, Tennessee-based legal business development and practice management pro Eleanor Smith as chief client officer. She arrives after 17 years at Bass Berry & Sims. (BTLaw.com)
  • Greenspoon Marder picked up veteran Big Law real estate attorney Allison Jones as partner in Orlando. (GMLaw.com)
  • Venable LLP hired corporate attorney Jennifer Malloy as counsel in its advertising and marketing group in Los Angeles. She arrives from direct-response marketing company Guthy-Renker, LLC, where she was general counsel. (Venable)
  • Bristow Group Inc., a Houston-based helicopter company that serves the offshore oil and gas industry, hired TotalEnergies US executive and general counsel Elizabeth Matthews as senior vice president, GC, head of government affairs and corporate secretary effective Dec. 21. Matthews, a former Akin Gump worklaw counsel, was earlier in-house at Chevron. She replaces Bristow’s former top lawyer Crystal L. Gordon, who left in November for in-flight internet provider GoGo Inc. (BristowGroup.com)

Promotions

  • Blank Rome promoted 12 lawyers to partner and four to counsel effective Jan. 1, 2023. (Blank Rome)

Legal Education

  • The Florida Bar plans to launch a tech-powered mentoring program for beginning lawyers by next summer. (FloridaBar.org)

To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Chris Opfer in New York at copfer@bloomberglaw.com; Darren Bowman at dbowman@bloomberglaw.com