Cravath’s New York Office Moves to Two Manhattan West
Cravath has long advised clients in the professional services industry. This experience enhances our already extensive litigation and corporate resume with a nuanced understanding of professionals’ advisory, litigation, investigatory and regulatory needs. Whether on behalf of accounting firms, investment banks, law firms or management consultants, Cravath attorneys bring the Firm’s full resources to bear on the range of legal matters affecting these clients.
Our litigators have significant experience handling regulatory enforcement matters and all types of litigation facing firms in this industry, including direct client claims, such as professional malpractice, breach of contract, and aiding and abetting breach of fiduciary duty, as well as investor claims, such as securities fraud class actions. In addition, we represent professional firms in connection with internal corporate and government investigations, and advise on transactions in the professional services sector, including mergers, divestitures and financings.
Our litigators have significant experience handling regulatory enforcement matters and all types of litigation facing firms in this industry, including direct client claims, such as professional malpractice, breach of contract, and aiding and abetting breach of fiduciary duty, as well as investor claims, such as securities fraud class actions. In addition, we represent professional firms in connection with internal corporate and government investigations, and advise on transactions in the professional services sector, including mergers, divestitures and financings.
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
April 26, 2024
Cravath represented Randolph Acquisition Corp., a wholly owned subsidiary of Aon plc, in connection with its $3.3 billion cash tender offer and consent solicitation for any and all notes of NFP Corp. This tender offer was made in connection with Randolph Acquisition Corp.’s acquisition of NFP Intermediate Holdings A Corp., a parent of NFP Corp. Aon plc is a leading global professional services firm providing a broad range of risk and human capital solutions. The offer expired on April 26, 2024.
Deals & Cases
March 20, 2024
Cravath represented Aon North America, Inc. in connection with its $6 billion registered senior notes offering, guaranteed by Aon plc and certain of its subsidiaries. Aon plc is a leading global professional services firm providing a broad range of risk and human capital solutions. Proceeds of the offering will be used to finance the acquisition of NFP Intermediate Holdings A Corp. The transaction closed on March 1, 2024.
Deals & Cases
December 20, 2023
On December 20, 2023, Aon plc (“Aon”), a leading global professional services firm, announced the signing of a definitive agreement to acquire NFP, a leading middle‑market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners, and funds affiliated with HPS Investment Partners. Under the terms of the transaction, Aon will acquire NFP for a total consideration estimated to be $13.4 billion at the time of close, which will be funded by $7 billion of cash and $6.4 billion of Aon stock. Cravath is representing Aon in connection with the transaction.
Deals & Cases
November 13, 2023
On November 9, 2023, Altus Group Limited (“Altus Group”), a leading provider of asset and fund intelligence for commercial restate, announced it has signed a definitive agreement to acquire the commercial real estate valuation and advisory services business of Situs Group LLC (a SitusAMC Company) for $225 million in cash. Cravath is representing Altus Group in connection with the transaction.
Activities & Publications
June 11, 2024
On June 6, 2024, Cravath partners John W. White and Jennifer S. Leete participated in the 42nd Annual SEC and Financial Reporting Institute Conference, which was co‑hosted by the University of Southern California’s Leventhal School of Accounting and Financial Executives International in Los Angeles. The conference featured business and accounting executives and leading professionals from the U.S. Securities and Exchange Commission, the Financial Accounting Standards Board and Public Company Accounting Oversight Board to discuss recent SEC and financial reporting issues. John is Chair of the Institute’s Advisory Board.
Activities & Publications
January 11, 2024
On January 11, 2024, Cravath partner Jennifer S. Leete participated in “Audit Committees, Special Committees and Internal Investigations 2024,” a program presented by the Practising Law Institute in New York. Jennifer spoke on a panel entitled “Regulatory and Financial Reporting Developments – What Audit Committee and Special Committee Members Need to Know,” which reviewed the recent trends and developments regarding financial reporting concerns impacting audit committees and how auditing professionals should prepare for and integrate these changes from the Public Company Accounting Oversight Board’s perspective.
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
April 26, 2024
Cravath represented Randolph Acquisition Corp., a wholly owned subsidiary of Aon plc, in connection with its $3.3 billion cash tender offer and consent solicitation for any and all notes of NFP Corp. This tender offer was made in connection with Randolph Acquisition Corp.’s acquisition of NFP Intermediate Holdings A Corp., a parent of NFP Corp. Aon plc is a leading global professional services firm providing a broad range of risk and human capital solutions. The offer expired on April 26, 2024.
Deals & Cases
March 20, 2024
Cravath represented Aon North America, Inc. in connection with its $6 billion registered senior notes offering, guaranteed by Aon plc and certain of its subsidiaries. Aon plc is a leading global professional services firm providing a broad range of risk and human capital solutions. Proceeds of the offering will be used to finance the acquisition of NFP Intermediate Holdings A Corp. The transaction closed on March 1, 2024.
Deals & Cases
December 20, 2023
On December 20, 2023, Aon plc (“Aon”), a leading global professional services firm, announced the signing of a definitive agreement to acquire NFP, a leading middle‑market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners, and funds affiliated with HPS Investment Partners. Under the terms of the transaction, Aon will acquire NFP for a total consideration estimated to be $13.4 billion at the time of close, which will be funded by $7 billion of cash and $6.4 billion of Aon stock. Cravath is representing Aon in connection with the transaction.
Deals & Cases
November 13, 2023
On November 9, 2023, Altus Group Limited (“Altus Group”), a leading provider of asset and fund intelligence for commercial restate, announced it has signed a definitive agreement to acquire the commercial real estate valuation and advisory services business of Situs Group LLC (a SitusAMC Company) for $225 million in cash. Cravath is representing Altus Group in connection with the transaction.
Activities & Publications
June 11, 2024
On June 6, 2024, Cravath partners John W. White and Jennifer S. Leete participated in the 42nd Annual SEC and Financial Reporting Institute Conference, which was co‑hosted by the University of Southern California’s Leventhal School of Accounting and Financial Executives International in Los Angeles. The conference featured business and accounting executives and leading professionals from the U.S. Securities and Exchange Commission, the Financial Accounting Standards Board and Public Company Accounting Oversight Board to discuss recent SEC and financial reporting issues. John is Chair of the Institute’s Advisory Board.
Activities & Publications
January 11, 2024
On January 11, 2024, Cravath partner Jennifer S. Leete participated in “Audit Committees, Special Committees and Internal Investigations 2024,” a program presented by the Practising Law Institute in New York. Jennifer spoke on a panel entitled “Regulatory and Financial Reporting Developments – What Audit Committee and Special Committee Members Need to Know,” which reviewed the recent trends and developments regarding financial reporting concerns impacting audit committees and how auditing professionals should prepare for and integrate these changes from the Public Company Accounting Oversight Board’s perspective.
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