Finding Work for All Those Attorneys
Ever wonder how mega law firms find work for all those partners and associates? An item in today’s New York Lawyer does a good job of explaining how it is possible to keep so many professionals employed under one roof (free subscription required). Apparently, Invitrogen, a manufacturer of test kits, chemicals and cells will acquire Applied Biosystem Inc. In order to consummate the deal, DLA Piper, Skadden Arps and Fried Frank each assembled their own armies (representing the buyer, seller and bank respectively.) In total, 52 lawyers were kept busy by the $6.4 billion stock and cash deal. But now that their work is done, what will they all do?
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