The Associate Pirate

As Dan Slater puts it,

When the Law Blog heard last night that Bear Stearns, the deflated investment bank that was torn to pieces by the mortgage crisis, had

agreed to be sold to J.P. Morgan Chase for a measly two buck a share, a couple thoughts came to mind. The first was, “Argh, we should’ve pooled our resources and made a topping bid.” The second was, “Who were the lawyers?”

And the winners were . . .

Sullivan & Cromwell, Cadwalader, and Skadden represented Bear Stearns.

Wachtell represented J.P. Morgan.

Cravath represented Lazard (Bear’s financial advisor).