On November 18, it was announced that Thomson Reuters has acquired Kramer Levin client Pangea3; terms of the transaction have not been disclosed. Pangea3 is one of the world's largest legal outsourcing service providers, with hundreds of lawyers at several locations in India, representing Fortune 100 and 500 multinational corporations and leading US and global law firms. The transaction featured, in addition to the usual array of M&A issues, six classes of equity requiring different treatment in the US and India.

The Kramer Levin team included Corporate partner Eric M. Lerner and associates Seth Merl, Carly Vella, Joshua R. Little, Steven Segal, Kelly Rau and Jay Robert; Tax partner Barry Herzog and associate Mindi Guttman; Employee Benefits and Executive Compensation special counsel Avram J. Cahn; Intellectual Property counsel Kevin M. Moss; and Employment Law partner Paul M. Ritter.