Skadden, Arps, Slate, Meagher & Flom

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Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
200px
Headquarters Condé Nast Building
New York City
United States[1]
No. of offices 23
No. of attorneys 1,886 [2]
No. of employees 4,500 (estimate)
Major practice areas Mergers and acquisitions, litigation and arbitration, corporate finance, corporate restructuring, securities law, banking, project finance, energy and infrastructure, antitrust, tax and intellectual property, among others[3]
Key people Eric J. Friedman[4]
Executive partner
Earle Yaffa[5]
Managing director
Revenue US$ 2.17 billion (2011)[6]
Date founded April 1, 1948
Founder Marshall Skadden, John Slate, and Les Arps
Company type Limited liability partnership
Website
www.skadden.com

Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (often shortened to Skadden Arps; Skadden; or SASM&F), founded in 1948, is a law firm based in New York City. With nearly 2,000 attorneys, it is one of the highest-grossing law firms in the world.[7] Forbes magazine called Skadden "Wall Street's most powerful law firm," and the firm has been named as America's best Corporate Law firm every year since 2001.[8][9]

Timeline

  • 1948 — The firm was founded in New York by Marshall Skadden, John Slate and Les Arps.
  • 1954 — Joseph Flom became a partner.
  • 1959 — William Meagher joined the firm. Elizabeth Head, the firm's first female attorney, was hired.
  • 1961 — The firm's name became Skadden, Arps, Slate, Meagher & Flom.
  • 1973 — The firm opened its Boston office, the firm's second.
  • 1981 — Peggy Kerr became the first female partner.
  • 1985 — Skadden became one of the U.S.'s three largest law firms.
  • 1987 — The firm opened its first international office in Tokyo.
  • 1988 — The firm founded the Skadden Fellowship Foundation.
  • 2000 — New York City headquarters moved to Four Times Square, also called the Condé Nast Building.
  • 2011 — Joseph Flom, the last living name partner, dies.

Locations

As of April 2014, Skadden has 23 offices worldwide.[10]

Key people

As of February 2011, there are 432 partners at Skadden.[11] As of 2015, there are 326 US partners.[12] Unlike some firms that have introduced two-tier partnerships with equity and non-equity partners, Skadden maintains a one-tier partnership, in which all partners are equity partners and share ownership of the firm.[13] Among the more notable partners and Counsel are:

Rankings

File:Skadden ny jan.jpg
Skadden's world headquarters in the Condé Nast Building

In 2014, Skadden was the fourth largest law firm in the U.S. by revenue;[19] in 2010 it was the second-largest in the world by revenue.[7][20] Skadden had about 1,886[2] attorneys in 23 offices in 2011.[21] The total number of employees at the firm is nearly 4,200. Measured by the number of attorneys, Skadden is the second-largest law firm in the state of New York, the sixth largest in the United States.[2] In 2010, the National Law Journal ranked Skadden 4th in its list of the 250 largest law firms in the United States.[citation needed] In 1995, Forbes's Largest Private Companies ranked Skadden as 335th[22] on the list of the largest private U.S. companies by revenue. By 2003 Skadden had risen to 194th[23] before falling back to 213th[24] in 2010.

According to a branche-internal survey by Vault.com in 2015, Skadden is the third most prestigious law firm to work for in the United States,[25] and according to the advisory firm FTI Consulting, Skadden has been named as the America's best Corporate Law firm in 2013 (a position held since 2001).[8]

Other work

Skadden Fellowship Foundation

Through the Skadden Fellowship Foundation, the firm sponsors law school graduates who wish to practice public interest law. The foundation was established in 1988 at the time of the firm's 40th anniversary. The Los Angeles Times has called the program "a legal Peace Corps."[26] Fellows work with a sponsoring organization in the field of providing legal services to the poor, the elderly, the homeless, the disabled, and the disenfranchised. Skadden pays fellows a salary of $46,000 (as of 2006), plus all fringe benefits the sponsoring organization offers its employees. As of 2006, the firm has awarded 473 fellowships.[26]

Political contributions

Skadden partners and employees tend to support and contribute more to Democratic political candidates than to Republicans.[27]

Prominent lawyers at the firm endorsed and financially supported John Kerry in his campaign to become president of the United States in 2004.[28][29]

In the run-up to Super Tuesday, 2008, Skadden hosted a phone bank in support of Barack Obama's 2008 presidential campaign.[30][31]

Notable alumni

In addition to numerous professors and partners, both at Skadden and other firms, some of the more notable former Skadden attorneys include:

References

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Further reading

  • Lua error in package.lua at line 80: module 'strict' not found.
  • "How Skadden Does It", Andrew Longstreth, The American Lawyer, May 2006.

External links

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  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 "The Am Law Global 100" from The American Lawyer 2011 (free registration required)
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Skadden > Attorneys Archived February 3, 2007 at the Wayback Machine
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ "How Skadden Does It", Andrew Longstreth, The American Lawyer, May 2006
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Forbes Largest Private Companies 1996 Archived December 10, 2008 at the Wayback Machine
  23. ↑ Forbes Largest Private Companies 2003 Archived December 11, 2008 at the Wayback Machine
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  26. ↑ 26.0 26.1 Skadden Fellowship Foundation: About the Foundation Archived October 10, 2006 at the Wayback Machine
  27. ↑ "Fundrace 2008 Campaign Donations, Huffington Post
  28. ↑ "The New Fat Cats" from Business Week Online April 12, 2004
  29. ↑ "Business leaders for Kerry" from St. Petersburg Times August 5, 2004
  30. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  31. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  32. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  33. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  34. ↑ http://www.chipflowers.com; http://www.flowerscounselgroup.com/index.php?page=the-honorable-chipman-flowers-jr-esq
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