Law360 Names Five Dechert Practices as Groups of the Year
Five Dechert practices were selected by Law360 in this year’s “Practice Groups of the Year” awards, which honor the law firms behind the biggest deals and litigation wins of 2020. Dechert is among a small group of firms with the highest number of practices selected.
The highlighted practices are:
Competition/Antitrust - Dechert’s antitrust group obtained approval for PeroxyChem on its US$640 million merger with Evonik after a two-week trial in D.C. federal court, the first FTC trial loss in a merger case in D.C. federal court since 2007. Dechert also secured a class action dismissal for Occidental Petroleum, defended European space-sector enterprise ArianeGroup in a merger approval appeal, and represented Roche before the French Competition Authority in alleged abuse of collective dominance proceedings.
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Life Sciences - Dechert’s life sciences team acted on a number of IP-led corporate representations including advising Royalty Pharma on multiple royalties acquisitions totaling US$2.5 billion in aggregate and acting for Kymera Therapeutics on its up-to-US$2 billion collaboration with France’s Sanofi. Dechert also achieved litigation wins for Eli Lilly in a patent litigation case initiated by Genentech, defended Pfizer against a variety of Lipitor-related lawsuits, and secured the first comprehensive resolution of all state and federal cases against a defendant in the national Opioid Litigation on behalf of Purdue Pharma.
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Real Estate - Recent achievements include acting for the co-lenders in a US$3 billion mortgage loan/mezzanine acquisition financing that facilitated MGM’s sale of two Las Vegas casino resorts to a Blackstone Group joint venture, and advising Column Financial in a US$410 million acquisition financing for the Rio All-Suite Hotel & Casino in Las Vegas. Other standout mandates included advising the lenders in a US$1 billion mortgage loan secured by a Long Island City multifamily complex and representing five banks in the origination, securitization and syndication of US$1.8 billion in new debt related to New York City’s One Manhattan West office tower.
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Structured Finance - Dechert’s global finance team is one of the most active in the collateralized loan obligation (CLO) market, while the real estate finance team is the leading advisor for single family rental securitizations. Recent achievements include establishing Invesco’s US$500 million fund under the Federal Reserve’s TALF 2.0 scheme and closing a novel US$1.5 billion securitization for Blackstone Mortgage Trust, the largest ever issuance for a commercial real estate CLO. The team also closed the US$850 million securitization of mortgage loans for Freddie Mac, the first multifamily real estate securitization with bonds indexed to SOFR.
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White Collar – Dechert helped Airbus bring an end to a four-year global investigation, one of the largest in history, via a ground-breaking, US$4 billion same-day settlement with UK, French and U.S. authorities achieved through an innovative global strategy underpinned by artificial intelligence. Other achievements included securing leniency for “Flash Crash” trader Navinder Singh Sarao and winning favorable outcomes for clients in two cross-border matters stemming from the multi-billion-dollar 1MDB embezzlement. Dechert currently represents China’s Huawei in one of the largest ongoing white collar cases in the world.
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About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
