Cravath’s New York Office Moves to Two Manhattan West
Activities & Publications
July 02, 2024
Cravath partner Michael L. Arnold was featured as a guest on the June 28, 2024 episode of Slaughter and May’s podcast, “ESG in the Year of the Election.” In the interview, Michael discussed the politicization of ESG against the backdrop of elections in Europe, the United Kingdom and the United States, including the ESG issues that are coming up in election cycles; key ESG sectors in the regulatory hotseat; how activism and novel litigation techniques might affect how companies view ESG; and the continued and increasing focus on good governance.
Accolades
July 01, 2024
On June 28, 2024, Lawdragon announced the inclusion of 31 Cravath partners in its second annual “Lawdragon 500 X – The Next Generation” list. The list recognizes “the future leaders of the law” globally across practice areas for their “talent,” “vision” and “hope.” Cravath lawyers on the list were specifically mentioned with reference to the Firm’s more than 200 years of history, noted as “carrying forward… the accomplishments of generations of lawyers” with fresh thought and ideas.
Accolades
June 28, 2024
On June 26, 2024, Cravath partner Alyssa K. Caples was honored at the 2024 Women in Business Law Awards for Europe, Middle East, and Africa, which were presented by the International Financial Law Review, the International Tax Review, Managing IP and Benchmark Litigation, in London. Alyssa received the 2024 “Debt Capital Markets Lawyer of the Year” award. The awards recognize the “individuals who stand out as leaders amongst their peers and who have been instrumental to innovative approaches in their field.”
Firm News
June 28, 2024
Cravath has elected the following new partner, who will become a member of the Firm on July 1, 2024:
Accolades
June 28, 2024
On June 25, 2024, Cravath partner Philip J. Boeckman was named for the third consecutive year to India Business Law Journal’s 2024 “International A‑List.” The list recognizes the “leading international advisers who are key for getting deals done in India,” as nominated primarily by lawyers at Indian law firms.
Deals & Cases
June 28, 2024
Cravath represented the term loan facility administrative agent and revolving credit facility administrative agent in connection with $2.43 billion of upsized credit facilities made available to Pactiv Evergreen Inc. and certain of its subsidiaries. Pactiv Evergreen Inc. is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. The facilities consisted of an upsized $1.1 billion revolving credit facility and an upsized $1.33 billion term loan facility. The transactions closed on May 1, 2024, and May 28, 2024.
Activities & Publications
June 27, 2024
On June 26, 2024, Cravath partner David J. Kappos delivered a keynote address at the 15th annual Anaqua Experience Conference, which was held from June 24‑27, 2024, in Boston, MA. During his keynote entitled “Unveiling the Future: Macro‑Level Trends Shaping Intellectual Property,” Dave discussed the macro‑level trends reshaping the intellectual property landscape as the world evolves in the digital age, including emerging technologies and global regulatory shifts.
Accolades
June 27, 2024
On June 25, 2024, Cravath was honored for the second consecutive year with the Gold Award as “Best US Law Firm” at the 2024 Leaders League Alliance Summit: Law & Innovation, which was held in Miami. The award was accepted by partner David R. Marriott on the Firm’s behalf. Winners were selected by more than 80 jury members “through an extremely rigorous judging process” based on nominees’ “experience and market knowledge.” The information on which Cravath’s selection was based included its representation of global companies on large and complex M&A transactions, antitrust litigation and investigations matters, as well as its innovative use of new legal technology tools.
Activities & Publications
June 26, 2024
Cravath partners Mark I. Greene and Jennifer S. Leete spoke at Stanford Law School’s 29th Annual Directors’ College, which was held from June 24‑26, 2024, in Stanford, CA.
Activities & Publications
June 25, 2024
Cravath partner Nicholas A. Dorsey served as the co‑editor of the 2024 edition of the Chambers Acquisition Finance Guide, which is part of the publisher’s Global Practice Guide series. Nick also co‑authored, along with Cravath partners Ryan J. Patrone and Kelly M. Smercina and European Counsel Margaret R. M. Rallings, the U.S. chapter of the guide.
Podcasts
June 25, 2024
Matthias Scheifele is a partner at the law firm Hengeler Mueller in Munich, Germany. In this episode of On Tax, he and Cravath partner and host Len Teti talk about Matthias’s path through the German legal education system. They also discuss the value of placing faith in young lawyers early on and the importance of balancing the fine details and the big picture in tax matters.
Deals & Cases
June 24, 2024
On June 24, 2024, Illumina, Inc. (“Illumina”), a global leader in DNA sequencing and array-based technologies, announced the successful completion of the spin-off of GRAIL, a healthcare company whose mission is to detect cancer early. This follows Illumina’s previously announced plans to divest GRAIL, and GRAIL is now a public and independent company. The separation was achieved through the distribution of 85.5% of the outstanding shares of GRAIL to holders of Illumina common stock on June 24, 2024. In addition to retaining their shares of Illumina common stock, Illumina shareholders received one share of GRAIL common stock for every six shares of Illumina stock held as of close of business on the record date of June 13, 2024. Illumina retained 14.5% of the outstanding shares of GRAIL common stock. Cravath represented Illumina in connection with the transaction.
Accolades
June 24, 2024
On June 13, 2024, The Paley Center for Media recognized Cravath Presiding Partner Faiza J. Saeed at its annual Paley Honors gala, which was held in New York in celebration of “visionary leaders from across media, entertainment and business.” Faiza received The Paley Honors Award—the organization’s highest honor—alongside former New York City mayor Michael R. Bloomberg and film director and producer Ron Howard, for their “unmatched contributions to media.” The Paley Center described Faiza as “a trusted advisor, visionary leader and one of the most respected legal minds of our time,” and “a principal architect of the modern media landscape.”
Activities & Publications
June 20, 2024
In June 2024, Cravath launched the inaugural issue of its Alumni Journal, a digital publication dedicated to highlighting the vibrancy of the Firm’s global alumni community. In each edition, the Journal will feature stories from Cravath alumni at various stages of their careers; updates from across the Firm’s New York, London and Washington, D.C. offices; insights into pro bono and other Firm partnerships; and facts and stories from the Firm’s more than 200-year history.
Activities & Publications
June 20, 2024
On June 18, 2024, Cravath partner G.J. Ligelis Jr. spoke at Business and Law Circle 2024, a conference hosted by Schindler Attorneys in Vienna. The event convened American and European representatives from industries including banking, law, private equity and real estate for panels on a variety of transactional topics. G.J. spoke on both the Private M&A/PE Panel and the Public M&A Panel at the conference.
Accolades
June 18, 2024
On June 14, 2024, Cravath partners Michael A. Paskin, George E. Zobitz, Paul H. Zumbro, Jelena McWilliams, Lauren A. Moskowitz and Omid H. Nasab were named to Lawdragon’s list of “500 Leading Global Bankruptcy and Restructuring Lawyers” in recognition of their work advising clients on financial restructuring and reorganization and related litigation matters. The list recognizes the lawyers “who can make all the difference for a business, debtor or creditor and have done so time and time again.”
Accolades
June 18, 2024
In June 2024, Vault announced that Cravath was ranked No. 1 on its Vault Law 100, a ranking of the most prestigious law firms across the United States, for the ninth consecutive year. Vault also ranked Cravath as the best law firm in New York as part of its “Best Law Firms by Region” ranking. The results of the annual list are based on market feedback from more than 20,000 law firm associates collected over the course of the last year. In publicizing its results, Vault highlighted comments from survey respondents, who described the Firm’s “unparalleled” mentoring program and “high level of interaction and guidance from partners,” noted that their work is “different every day” and praised the Firm’s “enormous and very encouraging” focus on diversity and inclusion efforts. Vault noted the Firm’s influence on the industry, citing its consistent leadership in setting industry practices and standards, including in the area of hiring.
Deals & Cases
June 18, 2024
Cravath represented Genpact Luxembourg S.à r.l. and Genpact USA, Inc. in connection with their $400 million registered senior notes offering, guaranteed by Genpact Limited. Genpact is a global professional services and solutions firm. The transaction closed on June 4, 2024.
Deals & Cases
June 17, 2024
Cravath represented the initial purchasers in connection with the $1.225 billion 144A/Reg. S high‑yield senior secured notes offering of CHS/Community Health Systems, Inc. CHS/Community Health Systems, Inc., together with its parent company, Community Health Systems, Inc., is one of the nation’s largest healthcare companies. The transaction closed on June 5, 2024.
Deals & Cases
June 14, 2024
Cravath represented the European Investment Bank in connection with its $1 billion registered SOFR floating rate notes offering. The purpose of the European Investment Bank is to contribute to the balanced and steady development of the internal market among Member States of the European Union. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on May 30, 2024.
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