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Kirkland Advises Sterling Group’s $2 Billion Oversubscribed Fund V

Kirkland & Ellis counselled The Sterling Group, an operationally focused middle market private equity firm, on the closing of Sterling Group Partners V, LP (together with its parallel fund, “Fund V”). Fund V was oversubscribed and closed at its $2 billion hard cap. The majority of Fund V’s capital was committed by returning investors. In addition, The Sterling Group, welcomed several new investors that expanded the firm’s investor base in the United States, the Middle East and Asia.

Read the company press release from Sterling Group

The Kirkland team was led by investment funds partners Matt Nadworny and Brian Delaney and associates Christine Wilson, Samara Sanderson, Nathan Wolcott, Nathan Judd and Josh Wilson; tax partner Stephen Butler and associate Victoria Chang; and employee benefits partner Liz Dyer.

Eversheds supports call for Georgia hate crime legislation

Eversheds Sutherland has signed a letter by the Metro Atlanta Chamber and the Georgia Chamber of Commerce urging the Georgia General Assembly to pass a comprehensive, specific and clear bill against hate crimes in the state of Georgia. Currently, Georgia is one of the few states that does not have such a law in place.

“Our firm values stand against bigotry, hatred and inequality, and we believe the state of Georgia should send the same message by passing a law against hate crimes that protects diverse Georgians – our employees, our clients, and their families,” said Mark D. Wasserman, Co-CEO of Eversheds Sutherland. “Being part of the Georgia business community, we believe in advancing policies that support positive change and are proud to be part of a solution that fights for racial justice and equality.”

Eversheds Sutherland has joined the Metro Atlanta Chamber, the Georgia Chamber of Commerce and more than 60 corporations in support of comprehensive hate crime legislation. Companies interested in joining the growing group should go to www.passhatecrimesga.com where they will find instructions how to join and contact elected officials.

Hogan Lovells secures major win in patent dispute case

A Hogan Lovells team from New York, Washington DC, and Northern Virginia have secured a major win for BASF in a three-week jury trial in the Eastern District of Virginia.

The case was one of the largest patent disputes in the United States, involving 350 claims from 17 patents and five different patent families. The underlying technology at issue involves the ability to use plants to make health-critical omega-3 fatty acids (now primarily available through fish products). Australian entities CSIRO, Nuseed, and GRDC sought royalties through December 2034.

Hogan Lovells defeated claims involving 13 patents through successful pre-trial claim construction, and by succeeding at trial in demonstrating to the jury the invalidity of certain patents, and co-ownership of others stemming from a previous collaboration. For the four remaining patents with terms expiring in 2025, the team persuaded the court not to issue an injunction and define a royalty rate a fraction of that sought.

“We are pleased to have obtained such a strong result for BASF,” said Hogan Lovells partner Arlene Chow. “One of the interesting aspects of this case is the team that went to trial was a strongly diverse team at both the partner and associate level. In a day and age when clients say they are looking for diverse legal representation, we are pleased that BASF supports diversity in high stakes matters.”

The Hogan Lovells team included partners Arlene Chow and Ernest Yakob in New York, Anna Kurian Shaw in Washington DC, and Tom Connally in Northern Virginia. The team also included senior associates Nitya Anand and Jared Schubert, and associates Takashi Okuda and Una Fan, in New York, and associate Tom Hunt in Northern Virginia.

Latham & Watkins advises Inari Medical in upsized IPO

Inari Medical, Inc., a commercial-stage medical device company focused on developing products to treat and transform the lives of patients suffering from venous diseases, has announced the pricing of its upsized initial public offering of 8,202,565 shares of its common stock at a public offering price of US$19.00 per share, for total gross proceeds of approximately US$156 million, before deducting underwriting discounts and commissions and offering expenses. All of the shares are being offered and sold by Inari. In addition, Inari has granted the underwriters a 30-day option to purchase up to an additional 1,230,384 shares of common stock at the initial public offering price, less underwriting discounts and commissions. Inari’s common stock began trading on the Nasdaq Global Select Market on May 22, 2020 under the symbol “NARI.”

Latham & Watkins LLP represents Inari Medical, Inc. in the initial public offering with a capital markets team led by Orange County partner Shayne Kennedy and New York partner Nathan Ajiashvili, with Orange County associates Ross McAloon, Eric Hanzich, and Jacob Walsh. Advice was also provided on benefits and compensation matters by Los Angeles partner Michelle Carpenter, with Orange County associates Sara Schlau and Gabrielle Masse; on tax matters by Los Angeles partner Samuel Weiner, with Orange County associate Janet Hsu; on intellectual property matters by Bay Area partner Judith Hasko, with San Diego associate Robert Yeh; and on regulatory matters by Washington, D.C. partner Elizabeth Richards and Brussels partner Hector Armengod, with Bay Area counsel Betty Pang, Washington, D.C. counsel Nicole Liffrig Molife, Washington, D.C. associate Chad Jennings and New York associate Heath Ingram.

Clifford Chance adds Sharis Pozen to Wider Leadership Group

Leading international law firm Clifford Chance has today announced that Sharis Pozen has joined the firm’s global leadership team.

Pozen is is the co-head of the firm’s global Antitrust group. She has extensive experience in both government and private practice. Over the course of her career, Pozen has held senior positions at General Electric, the US Department of Justice and the US Federal Trade Commission. She joined the firm as partner in May 2019.

Pozen now sits on Clifford Chance’s Wider Leadership Group (WLG) which includes the heads of the firm’s global practice areas, as well as the members of the firm’s Executive Leadership Group (ELG), Clifford Chance’s top strategic decision-making body.

Matthew Layton, Clifford Chance Managing Partner offers, “Given Sharis’ exceptional legal skills and broad leadership experience, we’re excited to bring her perspectives to our leadership group as we execute our strategy and plan for the future. With her addition, we continue to see the diversity of this group grow. Such variety of voices and perspectives only strengthens our firm, and this is equally true at leadership level. I very much look forward to collaborating with Sharis over the coming years.”

The WLG undertakes two formal reviews of the firm’s strategy each year. Pozen will join these meetings, as well as other relevant ELG sessions, including those hosted by the Americas. She will serve a term of two years.

Pozen has also been appointed to Clifford Chance’s Americas Management Committee, which is responsible for strategic and business planning, operational performance and financial management of the firm in the Americas region.

Top Firms for Gender Equity & Family Friendliness Report

Yale Law Women (YLW) recognised Kirkland & Ellis LLP as a Top Firm for Parental & Caregiver Leave in its 2020 annual Top Firms for Gender Equity & Family Friendliness Report.

The annual list is a policy survey of Vault 100 law firms that examines inequities within the legal profession, highlights progress being made in the industry and identifies areas for improvement to serve as a tool for law firms, lawyers, and future lawyers with the aspiration of building more equitable workplaces.

Kirkland & Ellis LLP was previously honoured as a Top Family Friendly Firm in 2008, 2010, 2011, 2014 and 2015.

About Kirkland & Ellis

Kirkland & Ellis LLP is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland is the largest law firm in the United States by revenue (US$4.15 billion in 2019), and the seventh largest in terms of number of attorneys (2,307 in 2019).