Skadden Arps Flashcards

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1
Q

Who are the main recruitment contacts at Skadden Arps?

A

Nicola Kerley 7519 7467

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2
Q

How do you get jobs from Skadden and submit candidates?

A

Go to their portal and log in:

https://www.allhires.com/Skadden/Agency/.

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3
Q

How do you get to Skadden Arps?

A

40 Bank Street, Canary Wharf, London, E14 5DS

Canary Wharf Tube is very near (Or if coming in on DLR equal distance from Heron Quays or Canary Wharf Stations)

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4
Q

Where does Skadden Arps have offices?

A

Beijing Boston Brussels Chicago Frankfurt Hong Kong Houston London Los Angeles Moscow Munich New York Palo Alto Paris São Paulo Seoul Shanghai Singapore Sydney Tokyo Toronto Washington, D.C. Wilmington

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5
Q

How many partners does Skadden have in London and Globally?

A

30 ptn in London (Jan 2014 figures) and 444 Globally (2008 Figures)

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6
Q

How many lawyers at Skadden Arps globally?

A

With 23 offices, approximately 1,600 attorneys and more than 40 distinct areas of practice, Skadden, Arps, Slate, Meagher & Flom LLP and affiliates serves clients in every major international financial center, providing the specific legal advice companies across a spectrum of industries need to compete most effectively in a global business environment. Our clients include approximately 50 percent of theFortune 250 industrial and service corporations, as well as financial and governmental entities, small, entrepreneurial companies and nonprofits. Skadden’s attorneys and staff share a commitment to providing our clients with the highest-quality and most cost-effective legal services in an atmosphere emphasizing teamwork, creativity, responsiveness and diversity.

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7
Q

What is Skadden Arps’ history?

A

Our History

Founded as a three-lawyer shop in Manhattan in 1948, Skadden rose to prominence in the ’60s and ’70s by taking on the proxy fights and hostile tender offers that white-shoe law firms deemed “ungentlemanly.” We leveraged our success in that area to build one of the world’s preeminent law firms, offering clients in every major international financial center solutions to the most challenging legal issues in virtually every area of corporate law.

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8
Q

How many fee earners are in Skadden Arps’ London office?

A

60 associates in London plus 11 Counsel and 2 European Counsel, 13 Trainees) (January 2014 Figures)

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9
Q

Who is Managing Partner of Skadden Arps’ London office and who are the other key partners?

A

Skadden rejigs management committee as Buck hands London bat to Trivedi

10 February 2014 | By

Skadden Arps Slate Meagher & Flom has rejigged its management committee, with London managing partner Bruce Buck handing the bat to M&A partner Pranav Trivedi.

Buck’s move was announced internally two weeks ago, ending a 25-year stint managing the City base after he founded the office in 1988. He remains the firm’s European managing partner.

The shift follows various other management changes at Skadden , although a spokesperson insists that they are unrelated to Buck’s decision.

These include the promotion of London-based Karyl Nairn QC, who featured in last year’s The Lawyer’s Hot 100 list list (28 January 2013 ) for her work advising Roman Abramovich during his $6bn (£3.8bn) battle against Boris Berezovsky. She has been made global co-head of the firm’s international litigation and arbitration group alongside London disputes partner David Kavanagh.

Meanwhile London energy and infrastructure projects partner Douglas Nordlinger, who also made it into last year’s Hot 100 list, has been promoted to global head of the firm’s energy and infrastructure projects group. He replaces Washington DC-based Martin Klepper.

The firm did not comment on whether or not the moves were decided by partnership vote. The promotions are expected to come into force with immediate effect, meaning Russian specialist Trivedi, who specialises in merger and acquisitions, joint ventures and private equity, is already London head.

New York-born Buck, who started his career at White & Case , remains the chairman of Chelsea Football Club. Since he took up the role in 2003 the club has won three Premier League titles, four FA Cups, two League Cups, the Europa League and the Champions League.

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10
Q

How do Skadden Arps rank in the league tables and what awards have they won?

A

Ranking in Legal Business / Lawyer 100 / Am Law

2011

Corporate League Tables: 2010 Year-End

Skadden ranked first in M&A by dollar value of deals globally and in the United States — representing both principals and in any advisory role — according to year-end rankings from Bloomberg, Dealogic and Thomson Reuters.

In Bloomberg’s capital markets league table, Skadden ranked first by volume in representing issuers of U.S. equity offerings, U.S. equity-linked, U.S. high-yield debt and U.S. preferred offerings. In similar tables published by Thomson Reuters, Skadden ranked first by deal count in representing issuers of global and U.S. convertible offerings, U.S. equity and equity-related offerings, and was tied for first in U.S. IPOs.

The firm also ranked in Bloomberg or Thomson Reuters’ top three by either volume or deal count in representing issuers for:

Global equity, equity-linked, and rights offerings

Global equity IPOs

Global high-yield debt

International high-yield bonds

U.S. corporates

EMEA equity, equity-linked

Asia-Pacific ex-Japan IPOs

Asia-Pacific ex-Japan Depository Receipts

Australia/New Zealand hybrid

2010

Legal Week British Legal Awards

At the British Legal Awards on Dec. 2, 2010, Skadden’s U.K. practice was named the “London Office of the Year.” The annual awards, which are organized by Incisive Media’s Legal Week magazine, recognize achievements in the U.K. legal profession. Skadden was cited for its significant deal work, development of a London corporate investigations practice and for the firm’s pro bono and diversity efforts.

Financial Times/mergermarket European M&A Awards

On Dec. 9, 2010, Skadden was named the Legal Adviser of the Year for Russia and CIS at the fourth annual European M&A Awards in London, sponsored by the Financial Times and mergermarket. The firm was cited for its leading mergers and acquisitions work over the past year.

Financial Times “US Innovative Lawyers” Report

Skadden ranked as the No. 1 firm in the country for innovation in the legal sector in the Financial Times’ inaugural “US Innovative Lawyers” report, published Dec. 1, 2010. The report, which states it is ranking law firms that “…exceeded client expectations in a market where those expectations were riding high,” was based on submissions by AmLaw 100 firms.

Skadden also was:

the only firm to receive the top ranking in the Mergers & Acquisitions category, citing our work for CF Industries;

one of four top firms in the Financial Services category, where Skadden ranked first based on our role in Citi’s spin-off of Primerica;

one of three firms in the top tier in the Automotive Sector, in connection with our advising Delphi; and

one of six firms “highly commended” in Restructuring, for our representation of CIT in its prepackaged plan of reorganization.

We also were in the top tier for Responsible Business in connection with the Skadden Fellowship Foundation; and Chicago partner and global corporate restructuring co-head Jack Butler was one of 10 lawyers profiled as being innovative in relation to the challenges of the credit crisis.

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11
Q

Who are the key corporate partners at Skadden Arps in London?

A

CORPORATE / M&A (Accurate 2 August 2014)

Adrian Knight (think he has left! Couldn’t find him on website! (Ex Shearman & Sterling – joined in 2005) – corporate partner

John Adebiyi

General Corporate Matters, Mergers and Acquisitions and Securities Offerings

Shaun W. Lascelles (ex Ashusrt)

Partner

Cross-Border Mergers and Acquisitions and Private Equity

Shaun Lascelles joined the London office of Skadden, Arps in 2002 having previously worked for Ashurst.

Hilary S. Foulkes has been resident in Europe since 1988. His practice focuses on mergers and acquisitions and financing transactions.

In the mergers and acquisitions area, Mr. Foulkes has handled a wide variety of international transactions, including both negotiated and unsolicited acquisitions, competitive auctions and strategic joint ventures.

In the financing area, Mr. Foulkes has represented clients in the public offering and private placement of debt and equity securities in Europe and the United States.

Mr. Foulkes has also been active in restructuring transactions and working with financially distressed companies

Michael Hatchard (EX Theodore Goddard- joined in 1994) is practice leader of the English law facility at Skadden. The U.K. practice areas mirror those of Skadden’s international practice generally, focusing on cross-border mergers and acquisitions, acquisition finance, corporate finance, project development, taxation, arbitration and litigation.

Lorenzo Corte – corporate partner – promoted internally in April 2009

Chris Mallon – co head of corporate restructuring. Ex Weil Gotshal. Joined in 2007

Allan Murray-Jones (EX Lovells – joined in 2001)is a partner focusing on merger and acquisition transactions, with a particular emphasis on private equity of which he has more than 20 years experience. He has been the lead partner on many company and business sales and purchases in the United Kingdom as well as in other major European jurisdictions. He has significant experience with transactions involving leverage, as well as those with different forms of complex financial structures.

Douglas E. Nordlinger represents clients in a broad array of corporate, commercial and finance-related matters, with a particular emphasis on the energy industry and other infrastructure projects. In the course of his over 20 years practice in connection with matters in the United States, the United Kingdom and many other locations, he has advised clients in connection with commercial agreements, financings, project developments, dispute resolutions and regulatory matters.

.

Scott Simpson has been based in London since 1990 after practicing law in Skadden’s New York office during the 1980s. Mr. Simpson concentrates on cross-border merger and acquisition transactions, including contested takeovers, and has also been involved in a variety of corporate finance transactions, including initial public offerings.

Pranav L. Trivedi Pranav L. Trivedi is head of Skadden’s London office. His practice focuses on international corporate finance, including initial public offerings and privatisations, cross-border mergers and acquisitions, joint ventures and private equity. Mr. Trivedi represents U.S. and Western European companies in corporate finance and M&A transactions involving companies throughout Eastern Europe, Russia and Central Asia.

Before transferring to Skadden’s London office in 1997, Mr. Trivedi practiced for several years in the firm’s Moscow and Washington, D.C. offices. In Moscow, Mr. Trivedi represented U.S. and Western European companies in acquisitions and privatizations involving companies throughout Eastern Europe, Russia and Central Asia. Since relocating to London, Mr. Trivedi’s practice has focused on privatizations, capital markets transactions and cross-border mergers and acquisitions, with an emphasis on emerging markets.

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12
Q

Who are the key finance partners at Skadden Arps?

A

FINANCE / CAPITAL MARKETS (Accurate 2 August 2014)

James P. L. Healy joined the London office of Skadden, Arps in 1995 having worked in the London and Frankfurt offices of a leading English law firm since 1989 and became a partner in 1998. Concentrating in capital markets, corporate finance and banking, Mr. Healy has a wide experience of international securities offerings and debt offerings acting for both underwriters and issuers. Mr. Healy has also considerable project finance experience, particularly in relation to the development and financing of independent power projects.

Peter Coulton (Banking – promoted internally in April 2008)

Clive Wells – ex A&O and prior to that Norton Rose

Clive Wells is a partner in the banking department in the London office of Skadden, having joined the firm in April 2006. Clive advises on a wide range of banking matters, in particular acquisition finance including leveraged buyouts, both domestic and cross-border, and investment grade acquisitions. Clive also advises on cross-over credits and IPO-related recapitalisations; general corporate fundraisings and other debt-raisings; structured finance transactions; and restructurings, reconstructions and workouts. Clive advises senior, second lien, mezzanine and other junior lenders, private equity sponsors, borrowers and financial advisors, and he has experience with all levels of the capital structure.

Bruce M. Buck has been practicing law in Europe since 1983. As the partner in charge of Skadden’s European offices, his work includes a broad range of transactions in the capital markets area. Mr. Buck represents both European and non-European clients in the full range of cross border financing transactions, generally in connection with equity offerings or high-yield and other debt financings.

Mark Darley (Think mark is Ex Lovells as the Lawyer mentions him in 1995 as a senior associate there) is a partner in the London office of Skadden, Arps and has led the firm’s European banking practice since joining the firm in April 2002. Throughout his career, Mr. Darley has focused particularly on leveraged finance, restructuring, project finance and structured finance transactions.

Danny Tricot (promoted to partner in 2007)

Partner

Capital Markets and Structured Finance

Danny Tricot is a partner in the London office, focusing principally on capital markets and structured finance work. He joined Skadden’s London office in March 2000. As a member of the firm’s English law practice, Mr. Tricot has experience in a wide variety of capital markets work, including debt and equity work, acting for both underwriters and issuers.

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13
Q

Who are the tax partners at Skadden Arps London?

A

TAX (Accurate 2 August 2014)

Tim Sanders is a U.K. qualified tax partner based in the London office. He works on corporate and banking taxation matters, including mergers and acquisitions, debt restructurings, cross-border and domestic structured finance, corporate reorganizations, and restructurings related to international joint ventures. Mr. Sanders has advised on the £1.7 billion disposal by auction of Wessex Water plc, IBM Corporation’s acquisition of PwC Consulting, Cendant Corporation’s disposal of its National Car Parks (NCP) unit, the £300m acquisition by Doughty Hanson & Co. of Priory Healthcare and the subsequent whole business securitization

James Anderson (ex Clifford Chance, joined in 2006) partner in Tax

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14
Q

Who are the key disputes partners at Skadden Arps London?

A

Litigation / Arbitration (Accurate 2 August 2014)

Karyl Nairn Ms. Nairn is global co-head of Skadden’s International Litigation and Arbitration Group. She focuses on complex international commercial arbitration and litigation, as well as investment treaty arbitration, acting for governments and corporations across a range of industry sectors including finance and banking, oil and gas, commodities, pharmaceuticals and telecommunications.

Gary DiBianco partner in Corporate Investigations

Patrick Heneghan – promoted in april 2009

David Kavanagh – ex Omelveny and joined OMelveny from Watson Farley 2 years before that. Litigation partner.

Bruce Macaulay – litigation partner. Promoted internally in April 2008.

Paul Mitchard RETIRED as of 2014 ( Had Moved to Hong Kong in May 2009 to set up the Arbitration practice there) , (Ex Wilmer Hale and before that he was at Simmons & Simmons) based in the Skadden’s London office, focuses his practice on international arbitration and related litigation matters.

The 1998 Chambers directory listed Mr. Mitchard as a leading practitioner in four fields: international arbitration; commercial litigation; administrative and public law; and alternative dispute resolution. The 2001-2002 edition of Chambers’ Global: The World’s Leading Lawyers describes him as “immensely impressive.”

Ryan D. Junck (Paulo Alto Based?)

Partner

Government Enforcement and White Collar Crime

Palo Alto

T: 650.470.4641

Ryan Junck is the head of the London-based corporate investigations practice. Mr. Junck represents corporations and individuals in criminal and civil matters in federal and state courts. He also has significant experience representing clients in U.S. and multinational regulatory investigations, including those brought by the Department of Justice, the Securities and Exchange Commission, state attorneys general, district attorneys, the Office of Foreign Assets Control (OFAC), the Federal Reserve, the U.S. Congress and various international regulators.

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15
Q

What recent deals and cases have Skadden Arps worked on in London?

A

Recent Key Deals or Cases

Deals tracker: Skadden

16th Jun 2014

Covidien

Medtronic’s acquisition of Covidien

$42.9bn

If successful, it’ll be the largest ever deal in the pharmaceuticals sector, beating the $31.8bn AstraZeneca merger in 1998.

19th Jun 2014

Mota-Engil

Mota-Engil Africa’s proposed IPO

€1.5bn

New client win for Skadden. Linklaters acted for the underwriters.

29th Apr 2014

Pfizer

Bid for AstraZeneca

£60bn

Would be one of the global drugs industry’s largest-ever deals, and biggest foreign acquisition of a British company. Skadden has longstanding relationship with Pfizer.

Corporate

Skadden picks up new client via Mota-Engil Africa LSE listing

19 June 2014 | By Lucy Burton

Skadden Arps Slate Meagher & Flom and Linklaters have scooped key roles advising on industrial conglomerate Mota-Engil Africa’s proposed IPO on the London Stock Exchange.

It is the second time Linklaters has advised an African company on a flotation in the UK in the last three months. In April, capital markets partner Ben Dulieu advised on the flotation of Nigerian oil and gas group Seplat, which was valued at $1.9bn.

Linklaters is advising the underwriters of the IPO, while Skadden corporate finance partner James Healy is leading a team for engineering and construction group Mota-Engil Africa, a subsidiary of Portugese giant Grupo Mota-Engil.

This is the first time Mota-Engil has instructed Skadden. It is unclear if the firm won the mandate following a competitive pitch process or had been contacted directly.

The business, which is set for a €1.5bn value, also used Portuguese firm Morais Leitão, Galvão Teles, Soares da Silva as co-counsel.

Skadden is the latest firm to gain a new client following an IPO proposal this week. Taylor Wessing has added FDM Group to its client list following a competitive pitch process for its IPO (19 June 2014).

FDM’s flotation on the London Stock Exchange, just four years after its management buyout, is now valued at £308.5m.

Clifford Chance and Skadden advise as Shell sells Australian business to Vitol

25 February 2014 |

Clifford Chance, Skadden Arps Meagher & Flom and Australian firm Gilbert + Tobin have taken lead roles in Shell’s $2.6bn deal to offload its Australia downstream business to Vitol.

Clifford Chance Royal Dutch Shell on the binding agreement to sell its Australia downstream businesses to Vitol, including Shell’s Geelong Refinery, a 870-site retail business and its bulk fuels, bitumen, chemicals as well as part of its lubricants business in Australia.

The magic circle firm’s team was led by London corporate partner Kathy Honeywood, Singapore managing partner Geraint Hughes and Perth corporate partner Tracey Renshaw. The firm’s team worked alongside Shell’s in-house legal team, led by Malaysia-based in-house counsel Damis Shaharudin.

Skadden and Gilbert + Tobin have acted for Vitol as international counsel and Australian counsel respectively. Skadden’s team was led by London M&A partner Shaun Lascelles and energy partner Douglas Nordlinger, while Gilbert + Tobin’s Sydney corporate partner David Clee provided Australian advice.

Simpson, Covington and Skadden take lead on Microsoft’s £4.6bn takeover of Nokia mobile phone unit

3 September 2013 |

Covington & Burling, Simpson Thacher & Bartlett and Skadden Arps Slate Meagher & Flom have taken lead roles in advising telecoms giants Microsoft and Nokia on a £4.6bn deal, which will see Nokia’s mobile phone business sold to Microsoft.

Marking the second in a day of heavyweight telecoms deals, the software giant has also agreed to license Nokia’s patents and mapping services to Microsoft in a purchase set to complete early next year.

Covington and Simpson Thacher both advised Microsoft.

At Covington, corporate partners Ingrid Rechtin, Brad Chernin and IP partner Evan Cox led on the deal with antitrust partner Miranda Cole advising on EU competition law issues.

The team also included partner Louise Nash and special counsel Matthew Edwards on mobile operations. Associates Robert Wu and Anabel Lee worked on IP and commercial matters.

Partner Peter Swanson also led a litigation team with associates Allison Kerndt, Matthew Kudzin, and Ben Wiseman. Special counsel Marie Lavalleye worked on trademark and copyright while partner Lisa Peets advised on EU aspects of IP and technology. Partner Bruce Deming also advised on corporate aspects of the deal.

Meanwhile Simpson Thacher corporate partner Alan Klein is also advising Microsoft. Klein worked alongside partners Bill Brentani, Greg Grogan, Lori Lesser and Gary Mendel on the deal.

The firm has a long history with the company, having represented Microsoft in the acquisition of Skype and also in its investment in Barnes & Noble’s book business as well as its work with Yahoo.

Nokia turned to Skadden Arps Slate Meagher & Flom, which put together a cross-border US and European team to advise the telecoms giant.

Partner Ken King led a corporate team, which included partners Mike Mies and Danny Tricot alongside counsel Jason Tomita. IP advice was supplied by partner David Hansen and of counsel Jim Brelsford, while partners Paul Oosterhuis and Eric Sensenbrenner advised on tax issues.

Employment advice was given by partner Joe Yaffe and of counsel Helena Derbyshire, while competition matters were dealt with by partners Frederic Depoortere, Steven Sunshine and Alec Chang and counsel Giorgio Motta.

Finnish firm Roschier has confirmed it was lead Finnish counsel for Nokia, which is Finnish listed, on IP and technology matters. The team was led by partners Mikko Manner, Paula Linna, Jon Unnérus, Manne Airaksinen and Gunnar Westerlund.

Mr. Knight recently advised the CME Group on its acquisition of Elysian, Weather Investments in relation to the restructuring of the Wind Hellas Group, Deutsche Bank as financial advisor to MasterCard in its £333 million offer for DataCash, Greenhill and JP Morgan Cazenove as financial advisors to Emerson Electric in its £995 million offer for Chloride and Moelis on its appointment to the Dubai World restructuring.

Litigation

Skadden, Freshfields and White & Case line up for latest oligarch battle

10 July 2013 | By

A heavyweight roster of lawyers is gearing up for the latest instalment of the High Court battles between billionaire oligarchs, in what could become a re-run of the mammoth Berezovsky v Abramovich legal battle.

Tony Grabiner QC

The High Court battle pitches Ukranian industrialist Victor Pinchuk against rivals Gennady Bogoliubov and Igor Kolomoisky and will see allegations of breach of contract and breach of trust played out in London’s courts.

One Essex Court’s Tony Grabiner QC, who, in 2012, represented Rosneft in its battle with Yukos, has been drafted in by White & Case partner and solicitor-advocate David Goldberg to lead the case.

Grabiner will go up against his set mate Laurence Rabinowitz QC, who is instructed by Freshfields Bruckhaus Deringer partner Ian Terry for the co-defendant Kolomoisky. Rabinowitz will lead Fountain Court’s Patrick Goodall.

In 2011 Rabinowitz was instructed by Addleshaw Goddard for Berezovsky’s Commercial Court action (31 August 2011). Freshfields’ Terry was also involved in the Berezovsky dispute, acting for defendant Russian metal magnate Vasily Anisimov in the chancery proceedings, which went on to settle (13 September 2012).

The magic circle firm billed £5m for its work on the case (26 September 2012), with Addleshaws agreeing a deal to settle £3.75m of the bill as part of its loser pays deal with Berezovsky (12 October 2012).

Skadden Arps Slate Meagher & Flom has picked up the mandate for the second defendant with partner David Kavanagh instructing Brick Court Chambers’ Mark Howard QC for Bogoliubov.

Skadden famously represented Abramovich in his legal fights with Berezovsky, with partner Karyl Nairn leading the defence team.

Skadden wins injunction for TNK-BP shareholders

04 April 2011 | By Andrew Pugh

Skadden Arps Slate Meagher & Flom has helped seal victory at the High Court for client Alfa-Access-Renova (AAR) in its ­multibillion-dollar dispute with UK oil giant BP.

The dispute kicked off earlier this year when BP announced a £10bn share swap with Russia’s state-owned oil company Rosneft in January, part of a ­lucrative deal that would also have involved a long-term agreement to explore oil reserves in the Arctic.

AAR is a consortium of shareholders with a 50 per cent stake in TNK-BP, BP’s existing joint venture in Russia. AAR argued that the Rosneft deal would breach the terms of its shareholder agreement with TNK-BP and secured an injunction against the deal on 1 ­February.

At an expedited hearing at the High Court on 25 March, the tribunal upheld AAR’s position.

AAR was advised by Skadden partners David Kavanagh and Scott ­Simpson and associate ­barrister Adam Baradon, with Skadden instructing Brick Court Chambers’ Mark Howard QC.

BP turned to Linklaters London litigation chief Michael Bennett, who instructed another Brick Court silk, Mark Hapgood QC. Although it was not named in the litigation, ­Rosneft instructed Freshfields Bruckhaus Deringer London partner Sebastian Lawson and Moscow associate Sergei Diyachenko.

Under the terms of the TNK-BP joint venture, BP must first offer any potential opportunities in Russia to TNK-BP. The UK company could now pursue the option of a share swap with ­Rosneft, but drop the Arctic oil exploration agreement.

acting as counsel in an ICSID arbitration for Greek and Israeli investors in an investment dispute under the Energy Charter Treaty against a sovereign state in central Asia;

advising a group of companies in relation to litigation in the British Virgin Islands concerning shareholder rights to an oil field in Russia;

acting as counsel for a European state in an energy investment dispute arising under a bilateral investment treaty;

advising a U.S. company in an ICC arbitration concerning delay and site contamination on a construction project in the Middle East;

Finance

Allen & Overy, Skadden and White & Case advise on $10bn Barzan financing

6 January 2012 | By Joanne Harris

A trio of firms closed 2011 with the successful completion of Qatar’s largest-ever single financing project, the $10.3bn (£6.7bn) Barzan Gas Project.

White & Case advised sponsors Qatar Petroleum and Exxon Mobil on the transaction, which will see the construction of onshore and offshore gas processing facilities. The completed facilities will produce 1.4bn cubic feet of gas a day.

Partner Philip Stopford, head of the firm’s Western Europe, Middle East and Africa project and infrastructure finance group, led the work alongside partner Mark Castillo-Bernaus in London. New York partners Troy Alexander and Kevin Keogh, as well as Abu Dhabi-based Shibeer Ahmed and London-based Paul Harrison were also involved.

Allen & Overy Dubai partner Bimal Desai led a team acting for the export credit agencies involved in the deal.

Skadden Arps Slate Meagher & Flom New York partners Harold Moore and Julia Czarniak represented senior lenders.

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16
Q

What do Skadden Arps pay in London?

A

Carys told me in Feb 2014 that NQs now get £98k. The rest of these figures are based on NY rates converted at 1.63. so are a guess.

NQ – £98,000

1 £104,000

2 £113,000

3 £128,000

4 £131,000

5 £141,000

6 £153,000

March 2011 poke to Nicola who said Lisa had baby a while back (last August I think) but that she did not know what she was going to do yet. Would let me know when she did. She confirmed salaries still 94 K at NQ and on that for 15 months. Bonuses were about 5k at NQ and 22 K at senior end. Still no pension in London.

Bonuses are 5-10 % of salary. The first tier starts at 1400 hours then 1600 hours in the next level.

13-1-2012 Nicola Carter confirmed salaries will be reviewed and to call her in Feb to see what they go up to. She said bonuses usually 10-30%.

17
Q

Who has recently joined Skadden Arps in London?

A

Gibson Dunn picks up Skadden partner for litigation boost

**20 August 2013 **

Gibson Dunn & Crutcher has turned to Skadden Arps Slate Meagher & Flom for the hire of litigation and arbitration partner Penny Madden in London.

Skadden recruits restructuring partner in London with Weil hire

Author: Friederike Heine

05 Jan 2012 | 13:04

Skadden Arps Slate Meagher & Flom has strengthened its corporate restructuring practice in London with the hire of partner Dominic McCahill from rival US firm Weil Gotshal & Manges.

McCahill, who will become the sixth partner in Skadden’s London restructuring practice, will report to London corporate restructuring chief Chris Mallon. The firm’s restructuring practice sits alongside the corporate group, which currently comprises 16 partners in the City.

He has acted on matters including advising the resolution committee of Iceland’s Kaupthing Bank and the Lehman estate in Chapter 11 proceedings.
He was also part of a multi-disciplinary team advising on global broker MF Global’s UK administration last autumn.

On this transaction - which is still ongoing - Weil is acting for the company’s administrators, KPMG, alongside recent Jones Day recruit and London restructuring head Adam Plainer. The Weil team is working alongside South Square barristers Martin Pascoe QC and Daniel Bayfield.

McCahill was Weil’s sole London restructuring partner until the firm hired Jones Day duo Plainer and Paul Bromfield, who both joined the US firm over the course of last year.

Commenting on the hire, European managing partner Bruce Buck said: “Client demand exists for a larger restructuring capability, and Dominic’s skills and experience are a perfect match for our already well-established team.”

McCahill’s move follows the recent appointment of funds partner Stephen Sims from Macfarlanes, who joined Skadden today (4 January) to launch a London funds practice. During 2011 the firm also hired SNR Denton’s advocacy chief and former deputy chairman Rory McAlpine.

Skadden kicks off City funds team with Macfarlanes hire

21 September 2011 | By Joshua Freedman

Skadden Arps Slate Meagher & Flom is launching a City funds practice with the hire of partner Stephen Sims from Macfarlanes.

Sims, who focuses on private equity funds, is set to join the US firm to kickstart its first European funds offering, although the timescale is unclear.

The departure leaves Macfarlanes with four funds partners - practice head Bridget Barker, David Berman, Tim Cornick and Stephen Robinson - as well as a number of tax partners focusing on funds work.

Macfarlanes senior partner Charles Martin said the firm’s funds practice was “in great shape” and that the client roster was secure despite Sims’ exit. He also said that the firm was set to make up new partners in the area.

“We’re sad to see Stephen go but it’s not going to present an insurmountable problem to us,” Martin said.

The hire is expected to present Skadden with strong opportunities in fund formation, a practice that would complement its private equity and US investment management group.

18
Q

Who heads the Investment Management (Funds) practice at Skadden Arps London?

A

**Stephen Sims (Ex MacFarlanes) **is the practice leader of Skadden’s European Investment Management Group. Mr. Sims has experience in investment management and funds formation, advising fund managers and investors on the structuring, establishment and operation of investment funds, especially private equity and real estate funds. His work involves fund formation and capital raising; fund-related M&A at manager/group level and ongoing ‘house’ work; and secondary transactions in fund interests.

19
Q

What do you know about Skadden Arps’ russian clients and history with the country?

A

Special report: Russia – Feeling the chill

19 May 2014 | By Jonathan Ames

21 February 2014

It’s a nervous time for international law firms in Moscow, as Russia’s rift with the West threatens to throw their businesses off course – possibly for good

A quarter of a century after the first international law firms moved into Moscow, booming workflows for both domestic and foreign practice have suddenly been affected by president Vladimir Putin’s aggressive moves towards neighbouring Ukraine, and the US and EU sanctions imposed on Russian individuals and companies.

“Six months ago, my view would have been that Russia was the only high-growth market in Europe,” says Paul Melling, who founded Baker & McKenzie’s Moscow office (see box, page 24) in 1989 and is still based there. “It was a high-priority market for many multi-national companies, particularly in the pharmaceutical and medical devices sectors. GDP was set to grow this year by 2 to 3 per cent, and most companies here were budgeting for considerably higher growth than that – with some anticipating 15 to 20 per cent growth.

“So for all the right reasons, it was the most exciting time to be a lawyer in Russia in all the 25 years I’ve been here. We’ve seen tremendous strides forwards in terms of compliance and business ethics in Russia. Local companies are trying to build their own compliance structures. But I would also have said, in Russia you never know.”

You never know, indeed. With sanctions kicking in and prime minister Dmitry Medvedev – himself a lawyer – understood to be gearing up to challenge the measures at the World Trade Organisation, the environment for international businesses and their legal teams does not look bright.

But some argue that Western-imposed sanctions – along with the possibility of the Kremlin hitting US and European businesses with reciprocal measures – could actually boost local law firms at the expense of their international rivals. As one domestic law firm partner explains bluntly: “Russian law firms don’t have the impression that they will have less work because of the Ukraine crisis. To the contrary – there will be more work for Russian law firms because of these events.”

The rouble in trouble

Lawyers at domestic and international firms in Moscow maintain that so far, international clients have not bolted for the door, though they acknowledge that investors have put plans on hold.

“It is clear that some projects will be cancelled because of the political situation,” says Alrud senior partner Vassily Rudomino. He predicts that schemes awaiting board of director approval, or those with heightened risk, such as having an element of government involvement, will be especially vulnerable.

“What will be the percentage of cancelled projects?” he asks. “Who knows? We’ve not yet seen any of our clients cancelling or withdrawing from Russia. However, in the past few weeks we’ve seen postponed instructions – for example, some big M&A transactions with international involvement.”

Rudomino maintains that commerce will win out over politics. “Business is business, and many projects have been discussed for a long time, so in general we expect people to continue,” he says.

His counterpart at Capital Legal Services, managing partner Vladislav Zabrodin, agrees. “Over the next couple of months, we’ll definitely see those foreign companies that are already in Russia staying,” he says. “We don’t anticipate any drastic moves from them. They’ll be used to Russia and will understand that politics is politics, and business is business.”

But Zabrodin points out that sanctions are already having an impact on the Russian business environment, with the rouble declining in recent weeks.

“Companies that were considering a move to Russia are unlikely to come because the situation is so uncertain,” he muses. “Importing to Russia is going to become a lot more difficult – not least because of the dip in the exchange rate. And also, the Russian government is going to make a big push to encourage the use of locally produced goods.”

Blacklisting

So far, the US and EU have clobbered Russia with two rounds of sanctions in response to Putin’s annexing of Crimea in March and more recent alleged incursions into eastern Ukraine. Members of the Russian-backed former Ukrainian government have been targeted, as have mid- to high-ranking Russian officials.

The US and EU were relatively unified in round one of the sanctions, with both focusing on individuals. But the second round has seen divergence, with the US black-listing high-profile corporate entities such as Bank Rossiya.

“The US has added more corporates and individuals to its list, while the EU has so far held off,” explains a partner at an international law firm. “We think the US will continue to do that; the EU is being more circumspect because it has more to lose.”

Establishing who qualifies as what the US calls a ‘specially designated national’ and the EU a ‘designated person’, and whether a business has had anything to do with those people, involves a lengthy process of building corporate trees and compiling other intelligence.

Once a link is discovered, Western businesses needs legal advice on what the sanctions stipulate.

“Clients must understand to whom the sanctions apply,” explains Ross Denton, a partner in Baker & McKenzie’s London-based European Community, competition and trade department. “They don’t apply to subsidiaries of EU corporations incorporated in Russia – and the same is true of the US. We’ve seen lots of legal advice that has been wrong on that point – saying you are a US corporation, therefore you can no longer deal in Russia. That isn’t right.”

Rumours suggest the sanctions regime will hit international law firms particularly hard. Indeed, Hogan Lovells is understood to have been forced to jettison several high-profile clients because they feature on the sanctions list. The firm declined to comment but Russian lawyers point out that despite foreign firms having little choice, those clients will feel jilted.

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Afanasiev

Dimitry Afanasiev, chairman of Egorov Puginsky Afanasiev & Partners, suggests Russian firms will be the ultimate beneficiaries.

“Russian national law firms are picking up some of the work previously done by the international law firms,” as a result of the crisis, maintains Afanasiev. “Several Russian clients told me they cannot trust foreign law firms who abandon them under pressure.”

Afanasiev and other Russian lawyers forecast that the current crisis will have several other positive impacts for local legal practice. Existing Kremlin moves towards ‘de-offshorisation’ and ‘domestification’ – the process of returning offshore business to Russia – will be accelerated. Indeed, those oligarchs on the sanctions list are already understood to be returning capital to Mother Russia.

Afanasiev also sees a move towards “de-dollarisation”. He explains: “International contracts are generally denominated in US dollars and in most cases, payment is routed via a correspondent bank in the US. US sanctions require that any funds in the US belonging to a sanctioned person are transferred to a blocked account. Solutions to this are to transact in a currency other than dollars, or route payments via a dollar settlement system outside the US where sanctions do not apply – for example, Hong Kong or a newly established Eurasian settlement system.”

As a result, Russian lawyers also envisage moves away from the use of English law in Russian business contracts and therefore a shift from UK and US venues for dispute resolution. This has been predicted for several years but the crisis might accelerate a slow process.

“Foreign law firms have tried to lure clients by saying that the use of Russian law is bad and that Russian courts are bad,” says Pepeliaev Group managing partner Sergey Pepeliaev. “Our political leaders don’t like that, and they are encouraging Russian businesses to draft contracts under Russian law and to refuse to instruct foreign law firms.”

Pepeliaev was recently approached by a local general counsel, keen to join his firm. “I asked why he didn’t want to go to an international law firm. He said he didn’t think they had good prospects in Russia and that they will shortly be reducing in size. And I agree with that view.”

Sanctimonious attitude

Another by-product of the Ukraine crisis that could have a negative impact on global firms in Moscow is the Kremlin’s increasing desire to look east rather than west. Russian political commentators have said for some time that Putin has become increasingly frustrated with what he views as a patronising and sanctimonious attitude from the US and EU on a range of commercial and social issues. Leaders in India, China and other developing economies in the East are, he reckons, much more respectful of Russia’s global position.

“The EU and US sanctions will push Russia to turn east towards India, China, South Korea and other Asia Pacific countries,” says Pepeliaev. “And Eastern businesses will be inclined to use Russian law firms. Why should a Chinese investor instruct a US or UK firm when there are Russian firms that can do the same work more efficiently and for less money?”

Alrud’s Rudomino is less dogmatic. “It depends on the firms,” he says. “Those global practices in Moscow that have East Asia offices will benefit. We have Chinese-speaking lawyers in our team and we are working with local Chinese firms and global firms with offices in China. And we’re competing with global firms in Moscow to work on Chinese projects in Russia. One of the benefits the globals offer is having an office in China as well as Moscow. Chinese clients are quite prepared to instruct an international firm because they are brand-driven.”

Alrud has no immediate plans to open in China, but Rudomino says some Russian practices could soon be weighing options as “they may think there is political capital in doing so”.

But Western lawyers in Moscow are more sceptical about any shift east. “Russia may not be completely European, but it is definitely not Asian,” says Dentons Moscow managing partner Florian Schneider. “It’s still closer to Europe – certainly as far as the people are concerned. Russia wants to be recognised as an independent power in the world, but on the other hand, its leaders have to understand that the people are closer to Europe. So they will not cut links to Europe and the US.”

A history of opportunities

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Melling

Paul Melling joined Baker & McKenzie’s London office in 1980 when the Cold War was just about at its most glacial.

He became a partner in the firm’s East-West Trade Department – a title that could feature in any number of John le Carré novels. And indeed, there were jokes aplenty from the rest of the firm about ‘the KGB mob down the corridor’.

“It was a fun practice,” he recalls. “We did a bit of international commercial arbitration, some litigation, lots of contract negotiations. We acted for lots of Soviet-owned companies in the UK, and we did a lot of work for the Soviet trade delegation in Highgate.

“But not in anyone’s wildest dreams could it be called a front-burner practice for the firm. Around the firm we were regarded as those slightly odd people who spent a lot of time in Moscow and nobody really knew that much about what they did.”

All that changed in January 1987 when Mikhail Gorbachev kicked off his perestroika programme with a joint venture law, which for the first time allowed multinational companies to invest directly in the Soviet Union. At the same time, Gorbachev dismantled the state monopoly over foreign trade.

Two years later, Melling packed a dozen large trunks full of books and office equipment and caught a flight to Moscow, where he launched the firm’s office in what was effectively a nine-square metre hut. He was joined by one other lawyer.

He remains in Moscow – having spent only one year away, to launch the firm’s outpost in Almaty, Kazakhstan – but the operation is unrecognisable. The firm now has more than 100 lawyers in Russia, with most of them being locals, compared with the first six years or so when the office was dominated by expats.

“It’s been fascinating to see the growth of the Russian legal profession,” says Melling. “There was a reason why we had no local lawyers at the office for so long – there weren’t any. Or at least there weren’t any with international commercial experience. In the old Soviet Union, there was no history of doing business by way of contract – it was all state-run businesses. And to make a profit was a criminal offence when I arrived in 1989. It was called speculation and you went to jail for it.

“Now Russian law firms compete successfully with the international firms. Some seem to have limitless business development budgets and are very professional. They model themselves primarily on City of London firms because those firms were the first firms here. And their billing rates also seem to be very similar these days.”

25 years of Russian and international launches in Moscow

1988

Coudert Brothers (closed on dissolution in 2006)

1989

Baker & McKenzie Zapolsky & Partners

1990

ALM Consulting Chadbourne & Parke

LeBoeuf Lamb Greene & MacRae (merged with Dewey Ballantine in 2007, Moscow office left for Morgan Lewis
in 2012)

Mannheimer Swartling

Yakovlev & Partners

1991

Alrud

Andreas Neocleous & Co

Cleary Gottlieb Steen & Hamilton

Clifford Chance

Macleod Dixon

Milbank Tweed Hadley & McCloy

Monastyrsky Zyuba Stepanov & Partners

Norton Rose

Salans (merged with SNR Denton in 2013)

Vinson & Elkins

White & Case

1992

Andrey Gorodissky & Partners

Beiten Burkhardt

CMS Bureau Francis Lefebvre

CMS Cameron McKenna

Freshfields Bruckhaus Deringer

Gowlings

Latham & Watkins

Linklaters

Skadden Arps Slate Meagher & Flom

Yust

Yustina

1993

Allen & Overy

Baker Botts

Gide Loyrette Nouel

Olevinsky Buyukyan & Partners

Pünder Volhard Weber & Axster (merged with Clifford Chance in 1999)

Reznik Gagarin & Partners

1994

Akin Gump Strauss Hauer & Feld

Cliff

Hogan & Hartson (merged with Lovells in 2010)

KPMG Legal

Landwell

Noerr

Watson Farley & Williams

1995

Squire Sanders

Vegas Lex

1997

Andersen Legal (closed on dissolution in 2002)

Debevoise & Plimpton

Lovells (merged with Hogan & Hartson in 2010)

McDermott Will & Emery

1999

Bartolius

Egorov Puginsky Afanasiev & Partners

Herbert Smith

2000

Delacour (association with local firm Avista)

Haarmann Hemmelrath (office split up in 2006 on firm’s dissolution, with the majority joining CMS Hasche Sigle)

Konnov & Sozanovsky

Liniya Prava

2002

Pepeliaev Group

2003

Khrenov & Partners

Muranov Chernyakov & Partners

2004

CMS Hasche Sigle

Jones Day

2005

ART DE LEX

Clyde & Co (closed 2013)

DLA Piper

DS Law

Haynes and Boone (closed 2010)

Orrick Herrington & Sutcliffe

Winston & Strawn

2006

Lidings

Magisters (merged with Egorov Puginsky in 2011)

2008

Astapov Lawyers

Conyers Dill & Pearman (closed 2013)

Simmons & Simmons
(closed 2009)

2009

Dechert

Goltsblat BLP

Lawrence Graham

2010

Integrites

K&L Gates

Korelskiy Ischuk Astafiev & Partners

Nektorov Saveliev & Partners

Prime Advice Consulting Group

2011

Branan Legal

King & Spalding

Quinn Emanuel Urquhart & Sullivan

2012

Arendt & Medernach

Morgan Lewis

Yukov & Partners

2013

LexAR

Scheckin & Partners

Source: Legal Success

Key figures: Russia

GDP $2.5trn

Inflation 6.9%

Population 143.7m

Life expectancy at birth 69

Unemployment 5.4%

Source: International Monetary Fund, Russian Federal Statistics Service, Tradingeconomics.com, World Bank

20
Q

Do Skadden Arps have trainees?

A

Yes (as from September 2005)