Dechert Wins Multiple Honors in Law360 Practice Groups of the Year Contest
Three Dechert practices - asset management, private equity and product liability - were selected by Law360 in the 2019 round of its Practice Groups of the Year series, which honors the law firms behind the biggest deals and litigation wins of 2018.
Asset Management - Dechert’s financial services group currently represents 24 of the 25 largest global asset management firms in some capacity. In 2018, the firm advised Barings on a novel tri-party deal under which Triangle Capital Corporation sold 100% of its loan book to Benefit Street Partners, then externalized its management to Barings with a mandate to build an entirely new portfolio. The firm also helped FS Investments create the world’s largest BDC platform, with US$18 billion in combined assets under management, through the establishment of a partnership with global investment firm KKR & Co.
Private Equity - Dechert has been an active advisor to the private equity industry for more than 30 years. Last year, global achievements include the representation of South Korean memory chip maker SK hynix in the US$18 billion acquisition of Toshiba Corporation’s NAND flash memory unit. The firm also advised Singaporean sovereign wealth fund GIC in its role as part of a Blackstone-led consortium in the US$20 billion partnership transaction with Thomson Reuters concerning Thomson Reuters’ Financial & Risk, considered the second-largest PE-backed acquisition globally over the past three years.
Product Liability - In May 2018, Dechert welcomed 29 premier U.S. product liability and mass torts litigation attorneys and other team members, cementing the firm’s position among the best in the market. Over the past year, Dechert lawyers obtained a sweeping affirmance for Pfizer Inc. in a multidistrict litigation against Lipitor when a South Carolina federal court granted summary judgment and dismissed more than 3,000 products liability claims due to lack of expert testimony on causation. Led by Mark Cheffo and Sheila Birnbaum, Dechert has also led Purdue Pharma’s national defense strategy in more than 1,400 federal and state lawsuits arising from the marketing of opioid medications.
Dechert is a leading global law firm with 27 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.