Working Globally with World-Class Clients

Across 17 time zones, more than 1,400 lawyers based in the United States, Europe and Asia collaborate seamlessly to provide clients with high-quality representation in innovative industries that shape the global economy. Our clients include private equity firms, pharmaceutical and biotech companies, financial institutions, mutual funds, hospital systems, and more.

Client by client, we’ve built a reputation for first-class work, a pragmatic approach, and impeccable standards of service and ethics. We count many of the world’s most respected companies and institutions as longtime clients, and serve organizations at all stages of development. Clients trust us with their most important matters because they know we understand their businesses and deliver the results they need.

Some of the most exciting matters that I have worked on at Ropes & Gray are the COVID-19 response matters, particularly my work with companies and laboratories directing or conducting diagnostic testing at drive-through sites or other similar specimen collection centers across the nation.”

Christina Ravelo, Associate

Collaborating Across Practices

Our deeply rooted culture of teamwork means that our lawyers work closely with colleagues around the world to provide support to clients. This collaborative approach encourages our lawyers to work alongside partners and clients on sophisticated matters.

Upon joining the firm, our lawyers immediately play an instrumental role in addressing the most critical business needs of our clients. We work as a team to support a range of leading legal practices, including private equity, M&A, capital markets, finance, asset management, real estate, tax, antitrust, life sciences, health care, intellectual property, litigation & enforcement, data, privacy & cybersecurity, and business restructuring. 

Corporate & Transactional Matters

Our transactional lawyers work hand in hand with enterprises, investors and individuals across the globe at all stages of the business life cycle—on deals that often reshape companies, industries and markets. With a powerful combination of business savvy, legal skill and industry knowledge, we help clients initiate public offerings, identify and merge with complementary businesses, acquire competitors, and expand into untapped, lucrative markets. Recent notable examples of our transactional work include:

  • Novavax: Ropes & Gray’s life sciences practice played a critical role in the pursuit of a COVID-19 vaccine by longstanding client Novavax, Inc, which in January announced that its vaccine candidate showed an efficacy of 89.3% in a Phase 3 clinical trial. Our work included guiding the company’s acquisition of Praha Vaccines, which will enable Novavax to produce its anticipated COVID-19 vaccine, and advising on financing transactions that helped Novavax advance its efforts to develop and mass-produce the vaccine. 
  • Bain Capital: Advised Bain on the sale by Kioxia (formerly Toshiba Memory) of its semiconductor business to a group that included Apple, Seagate, Kingston, Hoya, Dell Technologies and SK Hynix. Valued at approximately $18 billion, the transaction was Asia’s largest leveraged buyout and private equity deal ever.
  • The National Football League: Represented the NFL in a strategic partnership with Endeavor to operate On Location Experiences, a company that provides official access for corporate clients and fans looking for immersive experiences at marquee events.
  • Toast: Advised the fastest-growing restaurant management platform in the United States on its acquisition of StratEx, a leading provider of HR and payroll software for restaurants.
  • Spirit Music Group: Advised Spirit on its $350 million recapitalization. Spirit’s portfolio includes more than 200 #1 Billboard hits by artists such as Jay-Z, Madonna, Tim McGraw, Elvis Presley, Ed Sheeran, Frank Sinatra, The Who, Taylor Swift and Whitney Houston.
  • Wright Medical: Represented this leading global medical device company in its $5.4 billion sale to Stryker Corp. Based in Amsterdam, Wright Medical focuses on extremities and biologics products. Michigan-based Stryker is one of the world’s leading medical technology companies.
  • BidFair: Represented BidFair in its $3.7 billion acquisition of famed auction house Sotheby’s.
  • Invesco: Advised this global provider of exchange-traded funds on the development of an innovative nontransparent ETF model.

Business Restructuring Matters

Our business restructuring practice provides clients with creative strategies and practical solutions to address the challenges of financial distress and insolvency. Examples of our recent work include:

  • Gawker Media Group: Guided Gawker through its Chapter 11 filing to protect the business from a $140 million jury verdict against the company.
  • Centric Brands: Advised Centric Brands, whose brands portfolio includes Calvin Klein, Tommy Hilfiger and Nautica, in a Ch. 11 reorganization approved by the United States Bankruptcy Court for the Southern District of New York which delivered the company’s approximately $1.7 billion in funded debt as part of a global settlement supported by key stakeholders including all of its secured lenders and its official committee of unsecured creditors. 
  • TOMS Shoes: Advised TOMS Shoes, the slip-on footwear company backed by private equity firm Bain Capital, in a successful out-of-court recapitalization transferring ownership to a creditor group as part of a $300 million restructuring.
  • Rubio’s: Represented Rubio’s, the fast casual restaurant chain, Rubio’s, in chapter 11 reorganization cases in the U.S. Bankruptcy Court for the District of Delaware which secured debtor in possession financing provided by secured lenders as part of a prepackaged chapter 11 plan of reorganization.
  • Nine West: Secured the dismissal of more than $1.1 billion in fraudulent transfer and unjust enrichment claims against shareholders, officers and directors of retailer Nine West.
  • VIP Cinema Holdings, Inc.: Represented VIP Cinema and certain of its affiliates, a multinational enterprise that is one of the largest manufacturers of luxury seating products for movie theaters, in its prepackaged chapter 11 case in the U.S. Bankruptcy Court for the Delaware.  In connection with its restructuring, VIP reached agreements with its first lien and second lien lenders, and its private equity sponsor, prior to filing the chapter 11 case to deleverage its balance sheet by approximately $178 million.

Tax, Employment & Benefits Matters

Lawyers in our tax, employment and benefits practices advise clients on their most sensitive, high-risk and complex matters concerning issues related to tax, employment, employee benefits and executive compensation. Some recent highlights include:

  • Advent International: Advised Advent International on employment matters in connection with its agreement to acquire Olaplex, a prestige and professional hair care brand. The employment team’s work included due diligence and negotiation of transaction documents and key employment and consulting arrangements.
  • Dunkin’ Brands: Advised Dunkin’ Brands on the tax aspects related to its $11.3 billion sale to Inspire Brands.
  • Bain Capital Private Equity: Advised Bain Capital Private Equity on employee benefits and executive compensation matters in connection with its $2.7 billion sale of a majority of the equity of Waystar to the EQT VIII Fund and Canada Pension Plan Investment Board. 
  • Eversource Energy: Navigated complex employee benefits and executive compensation issues in connection with Eversource Energy’s agreement to purchase the Massachusetts natural gas assets of Columbia Gas for $1.1 billion.

Asset Management Matters

Lawyers in our integrated, cross-practice asset management group advise a global client base of fund sponsors, investors and investment advisers on the full spectrum of their legal and business needs, including fund formation and investment strategy. Examples of our recent work include:

  • Angelo Gordon: Represented the alternative investment firm in all aspects of its fund platform, including advising on structuring, formation, ongoing operation, leverage and recycling structures, tax and advertising issues, and other sophisticated issues that arise in the context of credit and direct lending funds.
  • ACORE Capital: Advising ACORE Capital, a commercial real estate finance company, on the establishment of a fund platform that offers investors access to commercial real estate whole loans, mezzanine loans, preferred equity investments and special situations, including through direct lending.
  • Cohen & Steers: Advised Cohen & Steers on the design, launch and operation of Cohen & Steers Real Assets Fund, an open-end fund that invests in real estate companies, commodities, natural resource and infrastructure companies, and directly in precious metals, and the Active Commodities Strategy Fund, an open-end fund that invests primarily in commodity futures and related investments.
  • Galaxy Digital: Represent Galaxy Digital, a global multistrategy investment firm focused on digital assets and Blockchain technology, in all aspects of its investment advisory business.
  • Grantham, Mayo, Van Otterloo & Co.: Represent GMO with respect to all types of regulatory matters, including the ongoing offering and operation of its approximately 40 mutual funds and 15 hedge funds. For mutual funds, we advised GMO on the recent launch of the GMO Usonian Japan Value Creation Fund and the GMO Cyclical Focus Fund. For hedge funds, which include U.S. and non-U.S. equity, fixed income, currency, and asset allocation funds, we recently advised on the restructuring of an emerging market debt fund and a credit fund.
  • PAX World Mutual Funds: Advised PAX World Mutual Funds in connection with the launch of ESG Shares, the first family of ETFs devoted exclusively to sustainable investing, and in the complicated process of “open-ending” the $64 million Pax MSCI EAFE ESG Index ETF, the first conversion of an ETF into a traditional mutual fund in the history of the industry.
  • State Street: Represented State Street Corporation in its acquisition of GE Asset Management from GE.

Awards & Rankings: Corporate & Transactional

2019
Private Equity
Practice Group of the Year
Law360
2019
Healthcare
Practice Group of the Year
Law360
Top 5
Innovative Firms
Financial Times
2019
Law Firm of the Year
“Private Funds / Hedge Funds”
U.S. News–Best Lawyers

Litigation & Enforcement Matters

We are tenacious in representing client interests in connection with internal investigations, regulatory developments and complex litigations. Our leading-edge advocacy for these clients has put us at the forefront of some of the most important cases in recent years. Highlights include:

  • Goldman Sachs: Secured complete dismissal of a class-action lawsuit filed against Goldman Sachs that challenged the acquisition of CEC Entertainment, Inc. (the parent of Chuck E. Cheese’s) by an affiliate of Apollo Global Management.
  • Advocate Aurora Health: Assisted nearly 2,000 Advocate Aurora physicians, nurse practitioners and physician assistants in obtaining temporary licenses to practice between Illinois, Wisconsin and Indiana in the fight against COVID-19.
  • Oxbow Carbon: Led the company’s majority shareholder to a large, precedent-setting win in Delaware Supreme Court.
  • Embraer: Appointed by the U.S. Department of Justice and the U.S. Securities and Exchange Commission to serve as an Independent Compliance Monitor for the Brazilian aircraft manufacturer pursuant to a deferred prosecution agreement settlement.

Awards & Rankings: Litigation & Enforcement

2019
White Collar Practice Group of the Year
Law360
2019

Appellate Hot List
The National Law Journal

2020
Outstanding PTAB Litigator
Managing Intellectual Property
2020
Innovation Award, Cryptocurrency
New York Law Journal 

I worked on the acquisition of a start-up that develops virtual reality and artificial intelligence technology for doctors. I was able to see the transaction through from start to finish, and to take the lead on various work streams that a junior associate would not ordinarily be tasked with.  It was impactful to watch the adrenaline-fueled buildup of finally getting the deal over the finish line.”

Nathan Sekhar, Associate