The firm’s M&A activity for the first half of 2015 is up approximately 16% ($9 billion) compared to the first half of 2014 when the firm worked on transactions totaling $56.6 billion. The increase marks the second year in a row in which the firm’s numbers for the first half of the year have risen, with 2015 representing a more than 205% increase when compared to 2013.
Baker Botts lawyers represented clients in a number of notable transactions over the past six months, including:
• Regency Energy Partners LP in the $18 billion merger with Energy Transfer Partners L.P. Dallas partner Neel Lemon and Houston partner A.J. Ericksen led the transaction.
• Liberty Broadband Corporation in the $5 billion acquisition of New Charter Class A Common Stock as part of Charter’s $75 billion acquisition of Time Warner Cable and $10.4 billion acquisition of Bright House Networks. New York partners Buzz McGrath and Renee Wilm led the transaction.
• Conflicts Committee of Williams Partners L.P. in the proposed $13.8 billion acquisition by The Williams Companies Inc. The transaction was led by Houston partners Josh Davidson and Tull Florey.
• MeadWestvaco Corporation in the $16 billion merger with Rock-Tenn Company. Washington, D.C. partner Joseph Ostoyich provided antitrust advice in connection with the transaction.
• Depomed, Inc. in the $1.05 billion acquisition of the U.S. rights to the NUCYNTA franchise from Janssen Pharmaceuticals, a subsidiary of Johnson & Johnson. Palo Alto partners John Martin and Brian Lee led the transaction.
“During the first half of the year we saw the trend carry forward from 2014, with a high volume of big-ticket M&A work on behalf of our clients – the work ranged from Energy, to Media/Telecoms, to Technology as well as activity in other sectors,” said David Kirkland, Co-Chair of the firm’s Corporate Department.
“Based on discussions with clients, we expect to see continued significant activity in our M&A practice for the balance of the year,” continued Kelly Rose, also Co-Chair of Baker Botts' Corporate Department.
HOUSTON, April 16, 2015 - Baker Botts, a leading international law firm, today announced that during the first 12 weeks of 2015, the firm won 18 significant trial and other litigation matters for clients.
"In each of these cases, all very different and all dealing with different facets of law - from energy, to financial fraud, to patent litigation to insurance defense and a pro bono appeal of a death row case - our trial lawyers and litigators prevailed in challenging and complex cases and achieved significant victories for our clients," said Andrew M. Baker, Managing Partner of Baker Botts.
"We try cases, and this is a record that is hard to beat," added David Sterling, Chair of the Litigation department at Baker Botts. "Our firm has a robust, vibrant and talented litigation department and these 9 trial wins and 9 other litigation victories, all in the first quarter of the year, highlight the momentum the firm has and the expertise of our trial lawyers," added Mr. Sterling.
A summary of the trial wins follows:
In addition to those trial wins, Baker Botts has achieved the following other victories in litigation matters thus far in 2015:
Our London office opened in 1998 and has a growing team of both UK and internationally qualified lawyers. Our lawyers have an in-depth knowledge of the complex legal issues facing any enterprise looking to invest and do business in the United Kingdom.
On the transactional side, the London office has a large dedicated energy team. Recent assignments have included pipeline projects, gas projects (including LNG and gas-to-liquids), mergers, acquisitions and joint ventures, project financing, infrastructure projects, privatization, oil and gas exploration and production and carbon emissions trading. In addition to the energy sector, we are deeply entrenched in transactional work in all its forms, from M&A, to joint ventures, to advice on capital markets. Particular industry focuses include technology, media, telecoms, petrochemicals, life sciences and financial services sectors.
The London office includes a thriving dispute resolution practice with experience in complex litigation and international arbitration and mediation. The office also includes an intellectual property team with broad experience in all IP areas, including litigation. Recently, the London team added white collar defense matters and international fraud and corruption investigations to its capabilities.
The London office was recognized by researchers in the latest Chambers UK publication for its work in the Projects and Energy: Energy & Natural Resources category and in the latest The Legal 500 publication for M&A. We pride ourselves on the team approach we bring to every engagement, and we believe our collaborative approach improves the results we earn for our clients.
Notice 2015-54 and Certain Contributions to Partnerships with Related Foreign Partners
Baker Botts lawyers summarize certain key provisions in the Notice that may be relevant to your business.
Baker Botts lawyers discuss the standard for determining whether a reference qualifies as “analogous art” in connection with an assertion of obviousness.
EPA Proposes Methane Standards for Oil and Gas Sources
On August 18, 2015, EPA proposed a sweeping expansion of the existing Clean Air Act new source performance standards (“NSPS”) designed to reduce methane and VOC emissions from upstream and midstream operations.
Baker Botts lawyers discuss the popularity of post-grant review (“PGR”) proceedings at the U.S. Patent Office.
European Union: IP and Antitrust
Baker Botts lawyers discuss recent developments in the area of IP and antitrust enforcement, including recent European Commission decisions in the smartphones and pharmaceuticals industries.