January 05, 2021
Law360 named Latham & Watkins a 2020 Banking Group of the year as part of their annual Practice Group of the Year awards that honor the law firms behind the litigation wins and major deals and that resonated throughout the legal industry in the past year. In a feature article, Law360 recognized Latham for “representing banks in litigation, transaction, regulatory and multijurisdictional matters…[highlighting]…the team's versatility and expertise.”
Dan Seale, Global Chair of Latham’s Banking Practice, told Law360: “There's a longstanding tradition we have of representing ... a variety of banks across the globe. What we think sets us apart is the excellence of our practice across numerous practice groups that supports banks."
Law360 highlighted several of Latham’s litigation wins for banks on both sides of the v., including securing a massive plaintiff-side verdict for a global financial institution on a billion-dollar claim at trial, and two examples of the firm’s many cases successfully defending of groups of banks in a post-IPO securities litigation matters involving complex claims in parallel federal and state court proceedings.
Andy Clubok, Global Chair of Latham’s Securities Litigation & Professional Liability Practice, said: "What you're seeing here are examples of really terrific efforts to defend banks in litigation, but also this case is where we acted as the plaintiff vindicating their rights against a hedge fund. That's kind of unique, you don't see lot of firms" doing both.
The publication also featured Latham’s landmark, cross-border deals, including:
- Representing the lenders in connection with private equity firms Advent International and Cinven together with the RAG-Stiftung’s €17.2 billion acquisition of thyssenkrupp's Elevator Technology business, the largest buyout deal in Europe in more than a decade, according to Dealogic.
- Representing the joint lead arrangers and joint bookrunners in the financing of Apollo’s US$6 billion acquisition of Tech Data Corporation, one of the world’s largest technology distributors. The financing is a groundbreaking global asset-based loan spanning more than twenty countries and one of the largest asset-based lending deals ever — and the largest in the last three years, according to Bloomberg.
Read more in Law360.