IN-DEPTH RESEARCH REPORT
on Debevoise & Plimpton LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
Debevoise & Plimpton
- Designation: New York
- Head Count: 615
- Gross Revenues: $675,500,000
- Revenue Per Lawyer: $1,100,000
- Profits Per Partner: $2,075,000
- Year Over Year Change: 2
While Debevoise didnt exactly breeze through the recent economic crisisit finished seventy fourth of 84 firms on The American Lawyers Recession Performance Indexthe hard times didn t interfere with its status as one of the countrys most wellrounded large firm. Through 2011, Debevoise was the only firm to score in the top seven on each of our annual AList rankings, which looks at revenue per lawyer, associate satisfaction, pro bono work, and diversity (in 2004 and 2007, Debevoise was ranked number one).
With 674 lawyers (143 of them equity partners), Debovoise, with gross revenue of $657 million, placed thirtysixth on the 2011 Am Law 100. But it has long been a firm with a high partner compensation ratio. Its average partner compensation put Debevoise in the top 15 in 2011, while profits perpartner ranked in the top 20. These came, oddly enough for an oldline New York firm, without overtaxing the associates (or at least, without overtaxing them too badly): Debevoise scored sixteenth on The American Lawyers 2011 Midlevel Associates Survey, and came in at twenty third in 2010.
With corporate work constituting its largest practice area, its no surprise that the economic crisis took a toll on Debevoises fortunes. Between 2007 and 2009, both revenue per lawyer and profits per partner saw a compound annual growth rate of minus 10 percent. Its no coincidence, then, that Debevoise has beefed up its litigation practice in recent years. Among its highprofile partners are the departments chair, Mary Jo White, who is a former U.S. attorney for the Southern District of New York, and Michael Mukasey, a former U.S. attorney general (the firm can also boast a U.K. attorney general, Lord Peter Goldsmith, among its litigators).
While only two of Debevoises eight offices are in the United States (in New York and Washington, D.C.), the lawyers in those cities are a fairly diverse bunch. Twenty percent identified themselves as a minority, and the firm ranked twentysixth on The American Lawyers 2011 Diversity Scorecard.
Pro bono work is an integral part of the firms practices, with Debevoise placing twentieth on the magazines 2011 rankings. Says Michael Blair, the firms presiding partner: Pro bono work at Debevoise not only satisfies our ethical obligation to help those in need, but is part of what makes our lawyers strong leaders in our practices and in our communities.
Updated as of 1/1/12
|Survey||Rank||Year Over Year Change||Description|
|Am Law 100||42||2||Gross revenue|
|Am Law 200||42||2||Gross revenue|
|NLJ 250||57||4||Lawyer head count|
|The A-List||8||3||Overall excellence|
|Pro Bono Scorecard||20||12||Pro-bono commitment|
|Diversity Scorecard||41||15||Minority head count|
|Midlevel Associates Survey||16||7||Job satisfaction|
|Summer Associates Survey||87||20||Summer programs|
In the News
Sara Randazzo : The Am Law Daily : April 15, 2013
Mary Beth Hogan, who has worked at Debevoise & Plimpton since 1991, is now cochair of the firm's 230-lawyer litigation department.
Michael B. Mukasey and Helen V. Cantwell : New York Law Journal : April 15, 2013
In their Internal Investigations column, Michael B. Mukasey and Helen V. Cantwell, partners at Debevoise & Plimpton, discuss provisions to consider in corporate cooperation agreements that encourage employees to cooperate with an internal investigation in exchange for a release of liability by the corporation, such as confidentiality and restitution provisions.
Richard Acello : The National Law Journal : April 11, 2013
The American Airlines GC says his legal team flies from "one crisis to another" in the ever-changing air travel business.
Tom Huddleston Jr. : The Am Law Daily : April 11, 2013
AXA Financial said Thursday that it has agreed to sell MONY Life Insurance Company, as well as a closed book of life insurance policies, to Protective Life Corporation in a deal worth $1.06 billion.
: New York Law Journal : April 9, 2013
Several firms announce additions and promotions, including Nixon Peabody, Jones Day and SNR Denton.
Todd Ruger : The Am Law Daily : April 9, 2013
Mary Jo White has a reputation for being smart, fair and a tough enforcer. As the first female U.S. attorney for the Southern District of New York, she became known for taking down white-collar criminals, crime syndicate boss John Gotti and suspected terrorists.
Todd Ruger : The National Law Journal : April 9, 2013
The Senate confirmed Mary Jo White to serve as head of the U.S. Securities and Exchange Commission, an appointment the White House expects to send a "get tough" message to Wall Street.
Todd Ruger : The National Law Journal : April 8, 2013
The Senate on Monday confirmed Mary Jo White to serve as head of the U.S. Securities and Exchange Commission, an appointment the White House expects to send a "get tough" message to Wall Street.
Mark Hamblett : New York Law Journal : April 8, 2013
A consent decree required the county to take a number of steps to eliminate housing discrimination, including the promotion of legislation to ban "source-of-income" discrimination - denying housing to people whose lawful income comes a form of state or federal assistance.
Brian Baxter : The Am Law Daily : April 3, 2013
The takeover battle for Dell Inc. may not have yet reached the level of Wall Street legend, but the proposed $24.4 billion leveraged buyout for the company has drawn in enough high-powered lawyers to make a small screen drama.
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- Vinson & Elkins
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