Law360 (December 11, 2020, 3:02 PM EST) -- Davis Polk & Wardwell LLP's fintech team steered multiple multibillion-dollar acquisition deals and continues to advise Facebook and the group formerly known as the Libra Association, which recently rebranded as Diem, on its ambitious cryptocurrency initiative, earning the group's practitioners a spot among Law360's 2020 Fintech Groups of the Year.
Two noteworthy acquisition deals the group worked on — one on behalf of Charles Schwab and one on behalf of Morgan Stanley — share some similar characteristics, and together the pair of transactions involved upward of $39 billion, according to the firm.
The Schwab matter, which was announced in November 2019, saw the...
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