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2017 Year In Review

Henry Nassau Dechert CEO

From multi-billion-dollar deals to groundbreaking fund launches, and from U.S. Supreme Court showdowns over IP laws to long-fought-for pro bono victories – we’re proud to have helped our clients envision and reach ambitious goals.

Many of the matters featured in Dechert’s inaugural Year in Review have been well-covered by the media, either because they broke new ground or involved major brands or cross-border complexities. What’s often absent from such stories are the fantastic people at the firm and the clients we work with. 

We would like to thank all of our clients who trust us with their most important matters and to thank everyone at Dechert. Many of our lawyers come from the realms of business, finance and government, and bring tremendous talent, diverse ideas and a commercial point of view to our work. Client success at Dechert is not just front of mind – it’s all of mind for us.

Henry Nassau
Chief Executive Officer, Dechert

Our Most Significant Matters of 2017
  • AbbVie in national product liability litigation in the U.S. related to AbbVie’s product AndroGel, a testosterone replacement therapy.
  • An Ad Hoc Group of Noteholders holding 72% of the outstanding notes of ModSpace. The highly complex restructuring agreement was named “Industrials Deal of the Year” at the 12th Annual M&A Advisor Turnaround Awards.
  • Apollo on a broad range of matters globally in 2017, including serving as European counsel in relation to Apollo Fund IX, the largest-ever private equity buyout fund, which closed at US$24.7 billion. 
  • Airbnb on its effort to improve its processes and platform in order to prevent intentional and unintentional discrimination by U.S. Airbnb “hosts” against potential Airbnb “guests” on the basis of the guest’s race, national origin or sexual orientation.
  • Chrysaor Limited on its US$3.8 billion acquisition of a package of assets in the UK North Sea from Shell UK Limited and its affiliates. 
  • CVS Health in its US$69 billion acquisition of U.S. health insurer Aetna, the largest merger of 2017 and the largest healthcare deal of all time.
  • Deutsche Bank in a US$2 billion financing transaction in connection with the Canada Pension Plan Investment Board’s potential purchase of middle market loans from GE Capital Corporation.

  • Franklin Square (FS Investments) on its agreement to form a joint-venture relationship with KKR Credit Advisors. The deal created a business development company platform with US$18 billion in combined assets under management.
  • The Independent Community Bankers of America in a suit in federal district court that challenged the legality of regulations promulgated by the National Credit Union Administration (NCUA) to let credit unions compete with commercial banks for commercial loans.
  • Ipsen on its US$1 billion cross-border acquisition of global oncology assets from U.S.-based Merrimack Pharmaceuticals.
  • MOL Hungarian Oil & Gas on its successful defense against a bribery allegation in Geneva-based arbitration initiated by the Republic of Croatia under the UNCITRAL rules.
  • National Basketball Players Association, National Football League Players Association and the Women's National Basketball Players Association in various litigation matters.
  • SCA Hygiene Products in SCA v. First Quality, a patent litigation case relating to infringement of a patent. Dechert persuaded the U.S. Supreme Court to put an end to the 100-year old doctrine of laches in patent cases.
  • SK hynix, as part of a consortium including Bain Capital and four major U.S. technology companies, on its role in the US$18 billion acquisition of Toshiba Corporation’s NAND flash memory and solid-state drive business.
  • WhiteWave in obtaining U.S. and EU antitrust/competition law clearances that cleared the way for its US$12.5 billion acquisition by Paris-based food giant Danone SA. 
Rankings and Recognition
  • More than 200 lawyers were ranked by The Legal 500.

  • For the third consecutive year, Law360 named Dechert to the Global Top 20, recognizing those law firms with the biggest global presence and involvement in the largest, most significant and groundbreaking international and cross-border matters over the past year.

  • The American Lawyer named Dechert Chair Andrew J. Levander one of its Litigators of the Year, a select group who have “reshaped the law, the industries in which their clients operate and the way their colleagues in the bar approach cases.”

  • The International Financial Law Review honored partner Camille Abousleiman, head of international capital markets, with a Lifetime Achievement Award at the IFLR Middle East Awards for his work on a large number of first-of-their-kind capital market transactions and more than 100 sovereign issuances. 

  • The American Lawyer lauded Dechert for its part in the Investigation of the Year for Asia in the Global Legal Awards, for the firm’s representation of Japanese auto-parts manufacturer Takata Corporation in connection with the largest automotive recall in history.

  • Law360 recognized Dechert Chair Andrew J. Levander and partner Martin J. Black as MVPs in White Collar and Intellectual Property, respectively.

  • The Asian Lawyer named the sale of Dechert client Lazada to China’s Alibaba as M&A Deal of the Year for Southeast Asia in the Asia Legal Awards.

  • Private Debt Investor selected Dechert as Law Firm of the Year in the Americas, Europe and Asia-Pacific – the first time that a single firm has won in all three regions.

  • Corporate Counsel recognized Dechert among the top three law firms for best Outside Counsel for Big Litigation in its Best of Corporate Counsel rankings.

  • ETF.com named Dechert ETF Law Firm of the Year, a title awarded annually to the law firm that has done the most to push the ETF industry forward.
  • The GlobalCapital US Securitization Awards named Dechert CLO Law Firm of the Year