The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Sullivan & Cromwell chairman Rodgin Cohen is leading a team advising AIG, while Davis Polk & Wardwell partners Bradley Smith and Marshall Huebner are advising the US Treasury and the New York Federal Bank.
The move comes after AIG received an $85bn bailout from the US Government just three weeks ago.
Under the new deal the Fed Bank of New York will seize control of $37.8bn in investment grade, fixed income securities from the insurance provider for cash.
The deal will provide additional liquidity for AIG for settling counterparty transactions.
Davis Polk and Sullivan & Cromwell have won a string of credit crunch related mandates in recent weeks, including Citigroup’s proposed $2.2bn acquisition of US bank Wachovia in which Davis Polk partners John Ettinger and Phillip Mills advised Citi and Cohen advised Wachovia on the proposed bid.