Cravath’s New York Office Moves to Two Manhattan West
Cravath is at the forefront of market and legal trends in the technology industry and represents many of the most highly regarded technology companies ranging from entrepreneurial startups to blue chip global corporations. Technology issues often touch upon a variety of practice areas, and our nimble, cross‑disciplinary team draws on deep experience—including a sophisticated understanding of next‑generation and disruptive technologies—to quickly and efficiently handle the many interrelated elements of a complex transaction or litigation.
Bringing together extensive legal expertise, technical knowledge and business judgment, we advise clients navigating the intersection of cutting‑edge technology and novel legal issues across industries and practice areas. This comprehensive focus allows us to provide a holistic approach to our clients’ most pressing—and often unprecedented—concerns, including with respect to artificial intelligence (AI), blockchain and digital assets, data analytics, financial and infrastructure technologies, mobile devices, robotics, software and open source, and the Web3 ecosystem.
Our corporate expertise includes traditional transactional matters—such as mergers and acquisitions, joint ventures, financing transactions and governance considerations—as well as technology licensing and development transactions, strategic management of technology assets, and the establishment and optimization of technology development and commercialization programs. Our litigators have extensive experience with respect to patent, trade secret, antitrust, general commercial, securities and shareholder derivative litigation, as well as related advisory matters and investigations. Additionally, we advise our technology clients on complicated environmental issues and environmental, social and governance (“ESG”) reporting requirements and ESG‑related governance processes.
The transactions and cases we handle within the technology sector frequently involve complex intellectual property issues, often of major strategic and financial importance to our clients. We have expansive knowledge and experience with respect to these matters, including strategic counseling, portfolio development and licensing and other exploitation, and our team is well versed in navigating United States Patent and Trademark Office regulations. We also provide counsel with respect to the regulatory horizon, develop legal frameworks for data ownership and licensing, and handle the acquisition of data and AI technologies.
Our work in this space is routinely recognized by third-party publications, including Law360, which named the Firm a “Technology Practice Group of the Year” in 2021, and New York Law Journal, which honored us with the 2020 “Innovation Award” for “creative and inspiring approaches and forward‑thinking firms.”
Bringing together extensive legal expertise, technical knowledge and business judgment, we advise clients navigating the intersection of cutting‑edge technology and novel legal issues across industries and practice areas. This comprehensive focus allows us to provide a holistic approach to our clients’ most pressing—and often unprecedented—concerns, including with respect to artificial intelligence (AI), blockchain and digital assets, data analytics, financial and infrastructure technologies, mobile devices, robotics, software and open source, and the Web3 ecosystem.
Our corporate expertise includes traditional transactional matters—such as mergers and acquisitions, joint ventures, financing transactions and governance considerations—as well as technology licensing and development transactions, strategic management of technology assets, and the establishment and optimization of technology development and commercialization programs. Our litigators have extensive experience with respect to patent, trade secret, antitrust, general commercial, securities and shareholder derivative litigation, as well as related advisory matters and investigations. Additionally, we advise our technology clients on complicated environmental issues and environmental, social and governance (“ESG”) reporting requirements and ESG‑related governance processes.
The transactions and cases we handle within the technology sector frequently involve complex intellectual property issues, often of major strategic and financial importance to our clients. We have expansive knowledge and experience with respect to these matters, including strategic counseling, portfolio development and licensing and other exploitation, and our team is well versed in navigating United States Patent and Trademark Office regulations. We also provide counsel with respect to the regulatory horizon, develop legal frameworks for data ownership and licensing, and handle the acquisition of data and AI technologies.
Our work in this space is routinely recognized by third-party publications, including Law360, which named the Firm a “Technology Practice Group of the Year” in 2021, and New York Law Journal, which honored us with the 2020 “Innovation Award” for “creative and inspiring approaches and forward‑thinking firms.”
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.
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
May 28, 2024
On May 28, 2024, United States Cellular Corporation (“UScellular”) announced that it has entered into a definitive agreement to sell its wireless operations and select spectrum assets to T‑Mobile for a purchase price of $4.4 billion, including a combination of cash and up to approximately $2 billion of assumed debt. Under the terms of the agreement, T‑Mobile will acquire UScellular’s wireless operations and approximately 30% of its spectrum assets across several spectrum bands. In addition, T‑Mobile will enter into a new master license agreement with UScellular on more than 2,000 towers. The agreement follows a thorough strategic review process announced in August 2023 and has been unanimously recommended by the independent directors of UScellular and unanimously approved by the Board of Directors of UScellular. Cravath is representing the independent directors of UScellular in connection with the transaction.
Deals & Cases
May 02, 2024
On April 29, 2024, a three‑judge panel of the U.S. Court of Appeals for the Sixth Circuit ruled in favor of Cravath clients Root, Inc., an insurance company primarily focused on automobile insurance, and certain of its officers and directors (collectively, “Root”) in affirming the U.S. District Court for the Southern District of Ohio’s dismissal of a purported class action securities complaint. The decision is a precedential opinion that creates new law of the circuit.
Deals & Cases
April 30, 2024
On April 29, 2024, Sensata Technologies Holding plc (“Sensata Technologies”), a global industrial technology company, announced that it has entered into a Cooperation Agreement with Elliott Investment Management L.P. (“Elliott”). The Cooperation Agreement contains customary standstill, voting and other provisions. Cravath is representing Sensata Technologies in connection with the agreement.
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.
Accolades
June 13, 2024
The 2024 edition of The Legal 500 United States ranked Cravath in the top tier nationally in 16 areas: Antitrust - Civil Litigation/Class Actions: Defense; Capital Markets: Debt Offerings (Advice to Issuers); Capital Markets: Debt Offerings (Advice to Underwriters); Capital Markets: Global Offerings (Advice to Issuers); Capital Markets: Global Offerings (Advice to Underwriters); Commercial Lending (Advice to Lenders); Employee Benefits, Executive Compensation and Retirement Plans: Transactional; Environment: Transactional; Financial Services Litigation; Fintech (Crypto); General Commercial Disputes; International Tax; M&A: Large Deals ($1bn+); M&A Litigation: Defense; Securities Litigation: Defense; and U.S. Taxes: Non‑contentious. In addition, 75 Cravath attorneys were individually recognized by The Legal 500 United States this year.
Activities & Publications
June 06, 2024
Cravath partners David J. Kappos and Sasha Rosenthal‑Larrea, of counsel Kathryn‑Ann Stamm and associate Lucille Dai‑He co‑authored an article entitled “Enhancing Cybersecurity Readiness With a Software Bill of Materials,” which was published in Bloomberg Law on June 5, 2024. The article explores the increasing importance of Software Bills of Materials (“SBOMs”) in cyber readiness for organizations, detailing how SBOMs can enhance security, license compliance, incident response, and their significance in the diligence process.
Activities & Publications
June 06, 2024
Cravath partner Nicholas A. Dorsey and of counsel Virginia M. Anderson co‑authored the U.S. Law & Practice chapter of the Chambers Venture Capital Guide, which was published in May 2024. The guide, which is part of the publisher’s Global Practice Guides series, provides the latest legal information on trends in the venture capital market; fund structures, economics and regulation; investments in VC companies; government subsidies and tax; and employee incentivization in the 20 jurisdictions covered. The U.S. Law & Practice chapter examined the increase in U.S. venture capital funding in artificial intelligence in 2023; the emergence of “down round” raises, bridge financing solutions and alternative financing solutions for companies that have faced financing challenges; typical venture capital fund structure in the U.S.; and more.
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.
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
May 28, 2024
On May 28, 2024, United States Cellular Corporation (“UScellular”) announced that it has entered into a definitive agreement to sell its wireless operations and select spectrum assets to T‑Mobile for a purchase price of $4.4 billion, including a combination of cash and up to approximately $2 billion of assumed debt. Under the terms of the agreement, T‑Mobile will acquire UScellular’s wireless operations and approximately 30% of its spectrum assets across several spectrum bands. In addition, T‑Mobile will enter into a new master license agreement with UScellular on more than 2,000 towers. The agreement follows a thorough strategic review process announced in August 2023 and has been unanimously recommended by the independent directors of UScellular and unanimously approved by the Board of Directors of UScellular. Cravath is representing the independent directors of UScellular in connection with the transaction.
Deals & Cases
May 02, 2024
On April 29, 2024, a three‑judge panel of the U.S. Court of Appeals for the Sixth Circuit ruled in favor of Cravath clients Root, Inc., an insurance company primarily focused on automobile insurance, and certain of its officers and directors (collectively, “Root”) in affirming the U.S. District Court for the Southern District of Ohio’s dismissal of a purported class action securities complaint. The decision is a precedential opinion that creates new law of the circuit.
Deals & Cases
April 30, 2024
On April 29, 2024, Sensata Technologies Holding plc (“Sensata Technologies”), a global industrial technology company, announced that it has entered into a Cooperation Agreement with Elliott Investment Management L.P. (“Elliott”). The Cooperation Agreement contains customary standstill, voting and other provisions. Cravath is representing Sensata Technologies in connection with the agreement.
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.
Accolades
June 13, 2024
The 2024 edition of The Legal 500 United States ranked Cravath in the top tier nationally in 16 areas: Antitrust - Civil Litigation/Class Actions: Defense; Capital Markets: Debt Offerings (Advice to Issuers); Capital Markets: Debt Offerings (Advice to Underwriters); Capital Markets: Global Offerings (Advice to Issuers); Capital Markets: Global Offerings (Advice to Underwriters); Commercial Lending (Advice to Lenders); Employee Benefits, Executive Compensation and Retirement Plans: Transactional; Environment: Transactional; Financial Services Litigation; Fintech (Crypto); General Commercial Disputes; International Tax; M&A: Large Deals ($1bn+); M&A Litigation: Defense; Securities Litigation: Defense; and U.S. Taxes: Non‑contentious. In addition, 75 Cravath attorneys were individually recognized by The Legal 500 United States this year.
Activities & Publications
June 06, 2024
Cravath partners David J. Kappos and Sasha Rosenthal‑Larrea, of counsel Kathryn‑Ann Stamm and associate Lucille Dai‑He co‑authored an article entitled “Enhancing Cybersecurity Readiness With a Software Bill of Materials,” which was published in Bloomberg Law on June 5, 2024. The article explores the increasing importance of Software Bills of Materials (“SBOMs”) in cyber readiness for organizations, detailing how SBOMs can enhance security, license compliance, incident response, and their significance in the diligence process.
Activities & Publications
June 06, 2024
Cravath partner Nicholas A. Dorsey and of counsel Virginia M. Anderson co‑authored the U.S. Law & Practice chapter of the Chambers Venture Capital Guide, which was published in May 2024. The guide, which is part of the publisher’s Global Practice Guides series, provides the latest legal information on trends in the venture capital market; fund structures, economics and regulation; investments in VC companies; government subsidies and tax; and employee incentivization in the 20 jurisdictions covered. The U.S. Law & Practice chapter examined the increase in U.S. venture capital funding in artificial intelligence in 2023; the emergence of “down round” raises, bridge financing solutions and alternative financing solutions for companies that have faced financing challenges; typical venture capital fund structure in the U.S.; and more.
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