Getting the go-ahead for Columbia University to proceed with its $6.28 billion expansion was just one of the recent successes for New York's Carter Ledyard & Milburn. New York state agency Empire State Development Corp. tapped the 116-attorney firm to represent it in the highly charged eminent-domain battle. The state's highest court affirmed the school's right to assert eminent domain last month. But the firm's recent success extends well beyond its condemnation practice. "We have the backbone of a full-service corporate firm, with some really terrific specializations," said managing partner Judith Lockhart.
The firm, with offices in New York and Washington, has seen plenty of litigation involving title and authenticity matters and its creditors rights and insolvency attorneys have experienced a surge in work from clients such as the Bank of New York Mellon. The firm is currently advising client Spectra Energy Corp. on a deal to expand natural gas pipelines in New York and New Jersey. — Karen Sloan
See the full list of firms honored in 2010 Midsize Hot List.
Jay Goffman is co-chairman of the corporate restructuring practice at Skadden, Arps, Slate, Meagher & Flom. During the past decade, Goffman has been at the forefront of the rise of prepackaged restructuring plans, or "prepacks." Under those plans, a key group of creditors signs off on a plan ahead of a bankruptcy filing. NLJ associate editor Leigh Jones asked Goffman about the strategic value of prepacks.
See the full list of lawyers honored in The Decade's Most Influential Lawyers.