Firm Profiles
Redirecting...
IN-DEPTH RESEARCH REPORT
on Chadbourne & Parke LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
Chadbourne & Parke
- Designation: New York
- Head Count:
- Gross Revenues:
- Revenue Per Lawyer:
- Profits Per Partner:
- Year Over Year Change: N/A
One of the old–line New York firms—it goes back to 1902—Chadbourne & Parke boasts well–regarded practices in corporate finance, litigation and arbitration, intellectual property, energy, project finance, and mergers and acquisition (particularly of the cross–border type). It is also one of those firms whose relatively low Am Law 100 rank by revenues doesn’t tell the full story. Chadbourne & Park rates far higher—closer to the middle of the pack—on profits per partner (well over $1 million), and average compensation per partner. Helping these figures, of course, is Chadbourne’s relatively small cadre of equity partners—around 80 in all.
Chadbourne did get hit during the economic downturn—revenues seesawed and some two dozen associates were laid off in March 2009. But it didn’t see the dramatic drops some of its Manhattan–based peers saw, and by the end of 2011, both revenue per lawyer and profits per partner were at firm highs.
The firm has also seen success in its diversity efforts. With about 18 percent of its U.S.–based lawyers—and nearly 10 percent of its U.S. partners—identifying themselves as minorities, Chadbourne placed twenty–eighth of 194 firms on The American Lawyer’s 2011 Diversity Scorecard. On the pro bono front the firm counts up to 100 hours toward an associate’s billable hour tally—a policy that has helped Chadbourne earn above–average marks on our pro bono surveys (it finished seventy–fourth of 200 firms in 2011, with lawyers averaging more than 53 hours).
Chadbourne may not have the dozens of offices some of its rivals do, but its footprint has been growing. New offices in Mexico City (2008) and São Paulo, Brazil (2010) are intended to boost Chadbourne’s presence in Latin America—in energy, project finance, M&A, and corporate finance work, in particular. Across the globe, the firm added a Dubai office in 2007 (again, focusing on energy, project finance, and cross–border transactions), an Istanbul office in 2011, and has other outposts in Moscow, Warsaw, and Kiev. And, of course, in Beijing—because you can’t be a major player in New York these days without looking toward China.
—Updated 1/1/12
Firm Rankings
| Survey | Rank | Year Over Year Change | Description |
|---|---|---|---|
| Am Law 100 | NR | N/A | Gross revenue |
| Am Law 200 | N/A | Gross revenue | |
| NLJ 250 | 110 | 3 | Lawyer head count |
| The A-List | NR | N/A | Overall excellence |
| Pro Bono Scorecard | 74 | 15 | Pro-bono commitment |
| Diversity Scorecard | 29 | 1 | Minority head count |
| Midlevel Associates Survey | NR | N/A | Job satisfaction |
| Summer Associates Survey | 108 | 10 | Summer programs |
In the News
The Enforceability of Choice of Law Provisions
George Bundy Smith and Thomas J. Hall : New York Law Journal : April 19, 2013
In their Commercial Division Update, George Bundy Smith, arbitrator and mediator with JAMS, and Thomas J. Hall, a partner with Chadbourne & Parke, write that New York courts find that, despite a contrary choice of law provision, the law of New York as the forum state governs procedural issues, including statute of limitations, personal jurisdiction and motions for default judgment.
Recruiter Sues Cooley, Partner Over Lost Fee
Christine Simmons : New York Law Journal : April 10, 2013
The search firm Wise Counsel is suing Cooley and the chair of its intellectual property department in New York, Walter Hanchuk, alleging Hanchuk interfered with a placement fee when a recruit moved with him to Cooley from Chadbourne & Parke.
The Am Law 100, the Early Numbers: Down Year Could Push Chadbourne Into Second Hundred
Sara Randazzo : The Am Law Daily : March 20, 2013
Chadbourne & Parke, a charter member of The Am Law 100, is in danger of falling off the list of the nation's 100 top-grossing law firms after seeing its gross revenue decline 5.1 percent last year, to $290.5 million, according to The American Lawyer's reporting. The firm's net income, meanwhile, tumbled 14.4 percent, to $89 million, and its profits per partner slid 6.1 percent, to $1.24 million. Revenue per lawyer, on the other hand, rose 3.3 percent, to $780,000.
Amici organizations and lawyers in the DOMA case
: The National Law Journal : March 13, 2013
Personal Notes on Lawyers
: New York Law Journal : February 28, 2013
S. Christopher Provenzano, a commercial and securities litigator, has joined Miller & Wrubel as counsel, while Goldberg Segalla has added Michael Kandler as a partner, among other moves.
The Churn: Lateral Moves in The Am Law 200
Diane Jeantet : The Am Law Daily : February 26, 2013
Barnes & Thornburg bolsters its government contracts practice in Washington, D.C., with three Greenberg Traurig attorneys; a Massachusetts state senator is now also counsel at Day Pitney; and Chadbourne & Parke welcomes back a former partner in Ukraine. The Churn is constant. Please send all announcements to thechurn@alm.com.
Media Mashup: Weil Reps Reader's Digest in Bankruptcy, as NYT Taps Morgan Lewis for Globe Sale
Brian Baxter : The Am Law Daily : February 21, 2013
The first few weeks of 2013 have kept corporate lawyers at several Am Law 100 firms busy handling major media-related matters, with Morgan, Lewis & Bockius once again handling transactional work for longtime client The New York Times Company, and Weil, Gotshal & Manges advising on a so-called Chapter 22 filing by the Reader's Digest Association.
MOVERS
: The National Law Journal : February 18, 2013
Nicholas Hoffman joins Haynes and Boone's real estate practice as of counsel to the New York office. Plus more law firm movers in this week's column.
The Churn: Lateral Moves in The Am Law 200
Diane Jeantet : The Am Law Daily : February 15, 2013
Kirkland & Ellis makes an M&A push on the West Coast; Venable adds four lawyers; and Greenberg Traurig loses four partners, including a finance duo to Troutman Sanders in New York. The Churn is constant. Please send all announcements to thechurn@alm.com.
The Economic Interest Defense to Tortious Interference Claims
George Bundy Smith and Thomas J. Hall : New York Law Journal : February 15, 2013
In their Commercial Division Update, George George Bundy Smith, an arbitrator and mediator with JAMS, and Thomas J. Hall, a partner with Chadbourne & Parke, write that recent decisions highlight the distinction the courts make between claims for tortious interference with contract and tortious interference with business relations.
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