CORPORATE COUNSEL RANK HERRICK IN THE TOP 10% FOR COMMERCIAL LITIGATION
September 29, 2015
Herrick is proud to have been ranked in the top 10% in commercial litigation in BTI Consulting's Litigation Outlook 2016, a client-focused analysis of the litigation capabilities of more than 160 law firms. This marks the second consecutive year Herrick’s litigation department has been ranked so highly in BTI’s report – which is independent and unbiased, and derived from interviews with more than 300 legal decision makers at major corporations.
Proposed ‘EB-5’ Changes Worry Developers
September 25, 2015 -- Commercial Mortgage Alert
Neil Shapiro was quoted in Commercial Mortgage Alert regarding the potential expiration of certain provisions of the EB-5 program, which aims to attract foreign capital for real estate development projects that create U.S. jobs. Shapiro explained that in recent months, some developers have been moving more slowly on property purchases, and potential investors abroad have become more skittish on committing capital in light of the uncertainty. Shapiro said in the program's current form, "the vast majority of EB-5 funds are being used for projects that would not otherwise happen. Or, they would not happen to the same extent or in the same time frame. The program is currently doing what it's supposed to do, which is to spur economic growth."
Anheuser-Miller Tie-Up Won't Brew Trouble for Sports Ad Biz
September 23, 2015 -- Law360
Irwin Kishner was quoted in Law360 regarding the impact of a potential merger between Anheuser-Busch InBev NV and SABMiller PLC on beer advertising in professional sports. "This is one category, obviously a substantial category, but there is such demand for the asset that I just think that to the extent that there is any pricing pressure, others will come in and elevate," Kishner said. "I understand that while beer is a large sponsor for events, I still don't think that there would be less sponsorship spending because there is one less competitor in the market."
Deals Lawyers Saw No Summer Doldrums, Expect Strong Finish
September 22, 2015 -- New Jersey Law Journal
Ed Stevenson was quoted in the New Jersey Law Journal about expectations for a strong finish in middle-market mergers and acquisitions activity during the fourth quarter of 2015, despite volatility in the U.S. stock markets. While he acknowledged that "deals today generally just take longer to get done," Stevenson said that cash-rich companies as well as foreign businesses and individuals looking to invest in the U.S. market remain plentiful. "I expect the fourth quarter to probably be the busiest quarter for 2015 based on the number of deals in the pipeline" in the sports and entertainment, consumer products, and food and beverage sectors, Stevenson said.