Duane Morris LLP

Morris, IL, United States

Duane Morris LLP

Morris, IL, United States
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PHILADELPHIA, May 05, 2017 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that the sale of its Construction Claims Group to Bridgepoint Development Capital, part of international private equity group Bridgepoint, has closed and funded under the terms previously disclosed on May 3, 2017.  Net proceeds from the sale were used primarily to pay off and retire Hill’s outstanding senior debt, which totaled $151.1 million at closing, for which Hill incurred interest expense of $13.9 million during the trailing twelve months ended March 31, 2017.  Simultaneously with the closing of the sale, Hill amended its secured revolving credit facilities from $45.0 million to $35.0 million, consisting of a $25.0 million U.S. Dollar-denominated facility and a $10.0 million Euro-denominated facility. The amended facilities will have terms of five years from the closing and will provide for letter of credit sub-limits in amounts of $20.0 million and $8.0 million, respectively.  As of the closing, the amended facilities are substantially drawn. We intend to pursue additional borrowing options to improve our liquidity. “This transaction retires a large portion of our debt, transforms Hill into a pure-play project management firm and strengthens Hill’s balance sheet,” said Paul Evans, Hill’s Interim Chief Executive Officer. Hill was assisted on the transaction by financial advisor KeyBanc Capital Markets Inc. and legal advisor Duane Morris LLP. Hill International, now with 3,300 professionals in more than 60 offices worldwide, provides program management, project management, construction management and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets.  Engineering News-Record magazine recently ranked Hill as the eighth largest construction management firm in the United States.  For more information on Hill, please visit our website at www.hillintl.com. Certain statements contained herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby.  Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements.  These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties.  Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements.  Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements include market conditions that will impact our ability to pursue financial options to improve our liquidity as well as the factors which are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated.  We do not intend, and undertake no obligation, to update any forward-looking statement.


DENVER--(BUSINESS WIRE)--Trilantic Capital Management L.P. (“Trilantic North America”), Waveland Energy Partners, LLC (“Waveland”), and management team members today announced an equity commitment to invest in DJR Energy, LLC (“DJR”), a newly-formed, Denver, Colorado-based exploration and production company focused on developing oil and gas resources of the San Juan Basin of New Mexico. DJR will be led by CEO David H. Lehman, a geologist and entrepreneur with over 40 years of experience in the oil and gas industry, and an impressive track record of value creation in the greater Rockies region. Initial proceeds from Trilantic North America and Waveland’s equity commitment were used to close the acquisition of assets in the San Juan Basin from a private exploration and development company. “We believe the San Juan Basin is at an attractive stage of its development and we are thrilled to partner with an experienced Rockies-focused management team and Waveland to pursue this growth opportunity,” said Glenn Jacobson, a Partner at Trilantic North America. Added Lehman: “We are excited to team up with two experienced oil and gas financial partners and build a highly profitable business in the San Juan Basin of New Mexico.” Trilantic North America was advised by Latham & Watkins LLP. Waveland was advised by Davis Graham & Stubbs LLP. DJR was advised by Duane Morris LLP and Rivington Securities, LLC. Trilantic Capital Management L.P. is a private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services, consumer and energy sectors. To date, Trilantic North America's energy team has committed approximately $3.4 billion in capital across 25 energy investments. Trilantic North America currently manages four private equity fund families with aggregate capital commitments of $5.9 billion. For more information on Trilantic North America, please visit www.trilantic.com. Waveland is a private equity firm with an investment focus on the upstream E&P energy space. With competitive returns and attractive taxation treatments, oil and gas investments have been a cornerstone of diversified portfolios for decades. Waveland has developed an infrastructure of operations and energy partners to be able to provide investors with opportunities in this rapidly growing sector of the US economy. For more information on Waveland, please visit www.wavelandgroup.com. Since 2002, the DJR Energy management team has delivered exceptional returns to investors via the successful creation and sale of two companies in the DJ Basin of Colorado (DJ Resources LP and DJ Resources LLC). With DJR Energy, LLC, this highly talented management team has turned their attention to the San Juan Basin of northern New Mexico. With a footprint of over 165,000 net acres, DJR Energy is dedicated to establishing a premier position in the San Juan Basin, building upon existing operations and adding reserves via the drill bit. For more information on DJR, please visit www.djrllc.com.


Dublin, May 16, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Standard Attorney Rate and Discount Report 2017" report to their offering. The "Standard Attorney Rate and Discount Report 2017" details rate changes (up or down) and discounts offered by individual Firm, Position, Practice, City, Years 2011 - 2017 and Industry. Large law firms typically have raised their rates the most and also discounted the most, 2 steps forward and 1 step back strategy. This changed in 2016 and 2017 with the lowest discounting by the large law firms since 2011. Smaller firms, as measured by firms smaller than the top 200, however, had the largest discounts which indicates the difficulty they have in maintaining their rates in a competitive market, according to the report. Key Topics Covered: Section 1: Standard & Actual Rates and Discount by AMLAW Group Section 2: Standard & Actual Rates and Discount by Individual Firm Companies Mentioned - Adams and Reese LLP - Akerman LLP - Akin Gump Strauss Hauer & Feld LLP - Alston & Bird LLP - Andrews Kurth Kenyon LLP - Arent Fox LLP - Arnold & Porter Kaye Scholer LLP - Arnstein & Lehr, LLP - Baker & Hostetler LLP - Baker & McKenzie LLP - Baker Botts LLP - Baker, Donelson, Bearman, Caldwell & Berkowitz, PC - Balch & Bingham LLP - Ballard Spahr LLP - Barnes & Thornburg LLP - Bernstein, Shur, Sawyer & Nelson, P.A. - Best Best & Krieger LLP - Birch, Stewart, Kolasch & Birch, LLP - Blank Rome LLP - BoltNagi PC - Bracewell LLP - Bradley Arant Boult Cummings LLP - Briggs and Morgan PA - Brooks, Pierce, McLendon, Humphrey & Leonard LLP - Brown Rudnick LLP - Brownstein Hyatt Farber Schreck LLP - Bryan Cave LLP - Buchalter Nemer - Buchanan Ingersoll & Rooney PC - BuckleySandler LLP - Burke, Williams & Sorensen, LLP - Burr & Forman LLP - Cahill Gordon & Reindel LLP - Calfee, Halter & Griswold LLP - Carlton Fields Jorden Burt, P.A. - Chang, Ruthenberg & Long PC - Chien Yeh Law Offices - Choate Hall & Stewart LLP - Clark Hill PLC - Cleary Gottlieb Steen & Hamilton LLP - Clifford Chance LLP - Clyde & Co LLP - Coblentz Patch Duffy & Bass, LLP - Cole Schotz P.C. - Cooley LLP - Covington & Burling LLP - Cozen O'Connor - DLA Piper - Dannis Woliver Kelley - Davies Ward Phillips & Vinberg, LLP - Davis Wright Tremaine LLP - Day Pitney LLP - De Lay & Laredo - Debevoise & Plimpton LLP - Dechert LLP - Dentons - Dinsmore & Shohl LLP - Dorsey & Whitney LLC - Drinker Biddle & Reath LLP - Duane Morris LLP - Durie Tangri LLP - Dykema Cox Smith - Dykema Gossett PLLC - Epiq Systems - Faegre Baker Daniels - Farella Braun & Martel LLP - Fennemore Craig, P.C. - Fenwick & West LLP - Finnegan, Henderson, Farabow, Garrett & Dunner LLP - Fish & Richardson PC - Fisher & Phillips LLP - Foley & Lardner LLP - Ford & Harrison LLP - Foster Pepper PLLC - Fox Rothschild LLP - Fredrikson & Byron, P.A. - Freeborn & Peters LLP - Fried, Frank, Harris, Shriver & Jacobson LLP - Frost Brown Todd LLC - Gibbons PC - Gibson, Dunn & Crutcher LLP - Godfrey & Kahn, S.C. - Goodwin Procter LLP - Gordon Rees Scully Mansukhani, LLP - Goulston & Storrs PC - Gowling WLG - Graf & Pitkowitz Rechtsanwälte GmbH - GrayRobinson PA - Greenberg Traurig LLP - Greenspoon Marder LLP - Groom Law Group, Chartered - Hahn & Hessen LLP - Hamilton Stephens Steele & Martin, PLLC - Haynes and Boone, LLP - Higgs & Johnson - Hinshaw & Culbertson LLP - Hogan Lovells LLP - Hohmann, Taube & Summers, L.L.P. - Holland & Hart LLP - Holland & Knight LLP - Hueston Hennigan LLP - Hughes Hubbard & Reed LLP - Hunton & Williams LLP - Husch Blackwell LLP - Ice Miller LLP - Irell & Manella LLP - Jackson Lewis LLP - Jackson Walker LLP - Jenner & Block LLP - Jones Day - Jones Walker LLP - K&L Gates LLP - Kasowitz, Benson, Torres & Friedman LLP - Katten Muchin Rosenman LLP - Kean Miller LLP - Keller Rohrback L.L.P. - Kelley Drye & Warren LLP - Kerr, Russell and Weber, PLC - Kilpatrick Townsend & Stockton LLP - Kirkland & Ellis LLP - Kissinger & Fellman, P.C. - Kolesar & Leatham, Chartered - Kramer Levin Naftalis & Frankel LLP - Kutak Rock, LLP - Latham & Watkins LLP - LeClairRyan - Lewis Roca Rothgerber Christie LLP - Linklaters - Liskow & Lewis - Littler Mendelson P.C. - Locke Lord Edwards - Loeb & Loeb LLP - Lowenstein Sandler PC - Manatt, Phelps & Phillips, LLP - Marquis Aurbach Coffing, P.C. - Mayer Brown LLP - Maynard Cooper & Gale PC - McCarter & English LLP - McCarthy Fingar LLP - McCleskey Harriger Brazill & Graf, LLP - McDermott Will & Emery LLP - McGuireWoods LLP - McLane, Graf, Raulerson, & Middleton, Professional Association - Milbank, Tweed, Hadley & McCloy LLP - Miles & Stockbridge, P.C. - Miller Canfield Paddock & Stone PLC - Miller, Johnson, Snell & Cummiskey, P.L.C. - Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C. - Mitchell Silberberg & Knupp LLP - Moon Wright & Houston, PLLC - Moore & Van Allen PLLC - Morgan, Lewis & Bockius LLP - Morris Schneider Wittstadt, LLC - Morris, Manning & Martin, LLP - Morris, Nichols, Arsht & Tunnell LLP - Morrison & Foerster LLP - Munsch Hardt Kopf & Harr, P.C. - Murtha Cullina LLP - Musick, Peeler & Garrett LLP - Nelson Mullins Riley & Scarborough LLP - Nexsen Pruet - Nixon Peabody LLP - Northen Blue LLC - Norton Rose Fulbright LLP - O'Melveny & Myers LLP - Ogletree, Deakins, Nash, Smoak & Stewart, P.C. - Orrick, Herrington & Sutcliffe LLP - Parker & Covert LLP - Parker Poe Adams & Bernstein LLP - Paul Hastings LLP - Paul, Weiss, Rifkind, Wharton & Garrison LLP - Pepper Hamilton LLP - Perkins Coie LLP - Phillips Lytle LLP - Pillsbury Winthrop Shaw Pittman LLP - Plave Koch - Polsinelli PC - Poyner Spruill LLP - Procopio, Cory, Hargreaves & Savitch LLP - Proskauer Rose LLP - Quinn Emanuel Urquhart & Sullivan, LLP - Reed Smith LLP - Riker Danzig Scherer Hyland & Perretti LLP - Robinson & Cole LLP - Ropes & Gray LLP - Rosen Bien Galvan & Grunfeld LLP - Sacks, Ricketts & Case LLP - Saul Ewing LLP - Scheef & Stone, L.L.P. - Schiff Hardin LLP - Schulte Roth & Zabel LLP - SettlePou - Seyfarth Shaw LLP - Shearman & Sterling LLP - Sheppard, Mullin, Richter & Hampton LLP - Shipman & Goodwin LLP - Shumaker, Loop & Kendrick, LLP - Sidley Austin LLP - Sills Cummis & Gross P.C. - Simpson Thacher & Bartlett LLP - Skadden, Arps, Slate, Meagher & Flom LLP - Slaughter and May - Snell & Wilmer LLP - Spotts Fain PC - Squire Patton Boggs - Steptoe & Johnson PLLC - Stevens & Lee - Stinson Leonard Street LLP - Stoel Rives LLP - Stradling Yocca Carlson & Rauth, P.C. - Sullivan & Cromwell LLP - Taylor Wessing LLP - Thompson & Knight LLP - Thompson Coburn LLP - Thompson Hine LLP - Troutman Sanders LLP - Venable LLP - Vinson & Elkins LLP - Volpe and Koening, P.C. - Waller Lansden Dortch & Davis LLP - Weil, Gotshal & Manges LLP - White & Case LLP - Whiteford, Taylor & Preston L.L.P. - Wiand Guerra King P.A. - Wiley Rein LLP - Willkie Farr & Gallagher LLP - Wilmer Cutler Pickering Hale and Dorr LLP - Winston & Strawn LLP - Withers Bergman LLP - Womble Carlyle Sandridge & Rice PLLC - Young Basile Hanlon & MacFarlane P.C. For more information about this report visit http://www.researchandmarkets.com/research/c8lhb9/standard_attorney About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


Dublin, May 16, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Standard Attorney Rate and Discount Report 2017" report to their offering. The "Standard Attorney Rate and Discount Report 2017" details rate changes (up or down) and discounts offered by individual Firm, Position, Practice, City, Years 2011 - 2017 and Industry. Large law firms typically have raised their rates the most and also discounted the most, 2 steps forward and 1 step back strategy. This changed in 2016 and 2017 with the lowest discounting by the large law firms since 2011. Smaller firms, as measured by firms smaller than the top 200, however, had the largest discounts which indicates the difficulty they have in maintaining their rates in a competitive market, according to the report. Key Topics Covered: Section 1: Standard & Actual Rates and Discount by AMLAW Group Section 2: Standard & Actual Rates and Discount by Individual Firm Companies Mentioned - Adams and Reese LLP - Akerman LLP - Akin Gump Strauss Hauer & Feld LLP - Alston & Bird LLP - Andrews Kurth Kenyon LLP - Arent Fox LLP - Arnold & Porter Kaye Scholer LLP - Arnstein & Lehr, LLP - Baker & Hostetler LLP - Baker & McKenzie LLP - Baker Botts LLP - Baker, Donelson, Bearman, Caldwell & Berkowitz, PC - Balch & Bingham LLP - Ballard Spahr LLP - Barnes & Thornburg LLP - Bernstein, Shur, Sawyer & Nelson, P.A. - Best Best & Krieger LLP - Birch, Stewart, Kolasch & Birch, LLP - Blank Rome LLP - BoltNagi PC - Bracewell LLP - Bradley Arant Boult Cummings LLP - Briggs and Morgan PA - Brooks, Pierce, McLendon, Humphrey & Leonard LLP - Brown Rudnick LLP - Brownstein Hyatt Farber Schreck LLP - Bryan Cave LLP - Buchalter Nemer - Buchanan Ingersoll & Rooney PC - BuckleySandler LLP - Burke, Williams & Sorensen, LLP - Burr & Forman LLP - Cahill Gordon & Reindel LLP - Calfee, Halter & Griswold LLP - Carlton Fields Jorden Burt, P.A. - Chang, Ruthenberg & Long PC - Chien Yeh Law Offices - Choate Hall & Stewart LLP - Clark Hill PLC - Cleary Gottlieb Steen & Hamilton LLP - Clifford Chance LLP - Clyde & Co LLP - Coblentz Patch Duffy & Bass, LLP - Cole Schotz P.C. - Cooley LLP - Covington & Burling LLP - Cozen O'Connor - DLA Piper - Dannis Woliver Kelley - Davies Ward Phillips & Vinberg, LLP - Davis Wright Tremaine LLP - Day Pitney LLP - De Lay & Laredo - Debevoise & Plimpton LLP - Dechert LLP - Dentons - Dinsmore & Shohl LLP - Dorsey & Whitney LLC - Drinker Biddle & Reath LLP - Duane Morris LLP - Durie Tangri LLP - Dykema Cox Smith - Dykema Gossett PLLC - Epiq Systems - Faegre Baker Daniels - Farella Braun & Martel LLP - Fennemore Craig, P.C. - Fenwick & West LLP - Finnegan, Henderson, Farabow, Garrett & Dunner LLP - Fish & Richardson PC - Fisher & Phillips LLP - Foley & Lardner LLP - Ford & Harrison LLP - Foster Pepper PLLC - Fox Rothschild LLP - Fredrikson & Byron, P.A. - Freeborn & Peters LLP - Fried, Frank, Harris, Shriver & Jacobson LLP - Frost Brown Todd LLC - Gibbons PC - Gibson, Dunn & Crutcher LLP - Godfrey & Kahn, S.C. - Goodwin Procter LLP - Gordon Rees Scully Mansukhani, LLP - Goulston & Storrs PC - Gowling WLG - Graf & Pitkowitz Rechtsanwälte GmbH - GrayRobinson PA - Greenberg Traurig LLP - Greenspoon Marder LLP - Groom Law Group, Chartered - Hahn & Hessen LLP - Hamilton Stephens Steele & Martin, PLLC - Haynes and Boone, LLP - Higgs & Johnson - Hinshaw & Culbertson LLP - Hogan Lovells LLP - Hohmann, Taube & Summers, L.L.P. - Holland & Hart LLP - Holland & Knight LLP - Hueston Hennigan LLP - Hughes Hubbard & Reed LLP - Hunton & Williams LLP - Husch Blackwell LLP - Ice Miller LLP - Irell & Manella LLP - Jackson Lewis LLP - Jackson Walker LLP - Jenner & Block LLP - Jones Day - Jones Walker LLP - K&L Gates LLP - Kasowitz, Benson, Torres & Friedman LLP - Katten Muchin Rosenman LLP - Kean Miller LLP - Keller Rohrback L.L.P. - Kelley Drye & Warren LLP - Kerr, Russell and Weber, PLC - Kilpatrick Townsend & Stockton LLP - Kirkland & Ellis LLP - Kissinger & Fellman, P.C. - Kolesar & Leatham, Chartered - Kramer Levin Naftalis & Frankel LLP - Kutak Rock, LLP - Latham & Watkins LLP - LeClairRyan - Lewis Roca Rothgerber Christie LLP - Linklaters - Liskow & Lewis - Littler Mendelson P.C. - Locke Lord Edwards - Loeb & Loeb LLP - Lowenstein Sandler PC - Manatt, Phelps & Phillips, LLP - Marquis Aurbach Coffing, P.C. - Mayer Brown LLP - Maynard Cooper & Gale PC - McCarter & English LLP - McCarthy Fingar LLP - McCleskey Harriger Brazill & Graf, LLP - McDermott Will & Emery LLP - McGuireWoods LLP - McLane, Graf, Raulerson, & Middleton, Professional Association - Milbank, Tweed, Hadley & McCloy LLP - Miles & Stockbridge, P.C. - Miller Canfield Paddock & Stone PLC - Miller, Johnson, Snell & Cummiskey, P.L.C. - Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C. - Mitchell Silberberg & Knupp LLP - Moon Wright & Houston, PLLC - Moore & Van Allen PLLC - Morgan, Lewis & Bockius LLP - Morris Schneider Wittstadt, LLC - Morris, Manning & Martin, LLP - Morris, Nichols, Arsht & Tunnell LLP - Morrison & Foerster LLP - Munsch Hardt Kopf & Harr, P.C. - Murtha Cullina LLP - Musick, Peeler & Garrett LLP - Nelson Mullins Riley & Scarborough LLP - Nexsen Pruet - Nixon Peabody LLP - Northen Blue LLC - Norton Rose Fulbright LLP - O'Melveny & Myers LLP - Ogletree, Deakins, Nash, Smoak & Stewart, P.C. - Orrick, Herrington & Sutcliffe LLP - Parker & Covert LLP - Parker Poe Adams & Bernstein LLP - Paul Hastings LLP - Paul, Weiss, Rifkind, Wharton & Garrison LLP - Pepper Hamilton LLP - Perkins Coie LLP - Phillips Lytle LLP - Pillsbury Winthrop Shaw Pittman LLP - Plave Koch - Polsinelli PC - Poyner Spruill LLP - Procopio, Cory, Hargreaves & Savitch LLP - Proskauer Rose LLP - Quinn Emanuel Urquhart & Sullivan, LLP - Reed Smith LLP - Riker Danzig Scherer Hyland & Perretti LLP - Robinson & Cole LLP - Ropes & Gray LLP - Rosen Bien Galvan & Grunfeld LLP - Sacks, Ricketts & Case LLP - Saul Ewing LLP - Scheef & Stone, L.L.P. - Schiff Hardin LLP - Schulte Roth & Zabel LLP - SettlePou - Seyfarth Shaw LLP - Shearman & Sterling LLP - Sheppard, Mullin, Richter & Hampton LLP - Shipman & Goodwin LLP - Shumaker, Loop & Kendrick, LLP - Sidley Austin LLP - Sills Cummis & Gross P.C. - Simpson Thacher & Bartlett LLP - Skadden, Arps, Slate, Meagher & Flom LLP - Slaughter and May - Snell & Wilmer LLP - Spotts Fain PC - Squire Patton Boggs - Steptoe & Johnson PLLC - Stevens & Lee - Stinson Leonard Street LLP - Stoel Rives LLP - Stradling Yocca Carlson & Rauth, P.C. - Sullivan & Cromwell LLP - Taylor Wessing LLP - Thompson & Knight LLP - Thompson Coburn LLP - Thompson Hine LLP - Troutman Sanders LLP - Venable LLP - Vinson & Elkins LLP - Volpe and Koening, P.C. - Waller Lansden Dortch & Davis LLP - Weil, Gotshal & Manges LLP - White & Case LLP - Whiteford, Taylor & Preston L.L.P. - Wiand Guerra King P.A. - Wiley Rein LLP - Willkie Farr & Gallagher LLP - Wilmer Cutler Pickering Hale and Dorr LLP - Winston & Strawn LLP - Withers Bergman LLP - Womble Carlyle Sandridge & Rice PLLC - Young Basile Hanlon & MacFarlane P.C. For more information about this report visit http://www.researchandmarkets.com/research/c8lhb9/standard_attorney About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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