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Finally, it is maybe appropriate that Jones Day, with antitrust attorneys as its then current and subsequent Managing Partner, was active on the antitrust entrance. Jones Day was successful in the only hostile takeover ever enjoined on antitrust grounds. A team of antitrust and litigation legal professionals, led by another future Managing Partner, Pat McCartan, represented Marathon Oil, which was targeted by Mobil. Knowing that it was more likely to be a target, Jones Day assisted Marathon in preparing for a attainable takeover bid upfront of the particular bid. Mobil suggested Marathon of the bid on a Friday and with papers already ready, the Firm was in a position to safe a TRO earlier than the inventory market opened on Monday.
With only 16 days to arrange a major antitrust case for a listening to, the Firm was successful in enjoining the transaction on the grounds that it will have violated Section 7 of the Clayton Act. Steel, the Firm continued to efficiently symbolize Marathon (and later U.S. Steel) in a variety of matters.
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viGlobal mentioned this answer can ensure that all attorneys are billing at capability and have an equitable workload when it comes to quantity and quality. The work allocation solution may also be used to employees non-billable work or to allocate work to legal support employees. In 2002, Pat McCartan designated Stephen J. Brogan as Jones Day’s seventh Managing Partner, and Brogan grew to become the primary Managing Partner to not be resident in Cleveland. When Dick Pogue designated Pat McCartan to become Managing Partner on January 1, 1993, the choice was apparent. McCartan’s 32 years within the Firm had earned him the trust and respect of all of its partners.