Firm Profiles
IN-DEPTH RESEARCH REPORT
on Dorsey & Whitney LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
Dorsey & Whitney
- Designation: Minneapolis
- Head Count: 517
- Gross Revenues: $313,500,000
- Revenue Per Lawyer: $605,000
- Profits Per Partner: $515,000
- Year Over Year Change: 11
Dorsey & Whitneys alumni roster reads like a veritable Whos Who of Minnesota royalty. Former vice president Walter Mondale, U.S. Supreme Court justice Harry Blackmun, and noted law professor William Prosser have all hung their diploma on Dorseys wall at some point in time. Sure, its easy to poke fun at a firm based in Minneapolis, but Dorseys lawyers have gotten the last laugh: The firm regularly scores in the upper reaches of The American Lawyers Midlevel Associates Survey, coming in tenth in 2010 and twentieth in 2011.
And Dorseys footprint actually extends far beyond its home state. It has offices throughout the United States, as well as in Europe and the AsiaPacific region, andperhaps not a surprise given the location of its headquartershas a presence in Canada as well. In The Great White North, lawyers handle Canadian crossborder capital markets and M&A transactions among other matters. The firm as a whole is wellknown for its M&A work, with other areas of focus including intellectual property, labor and employment, litigation, tax, and trusts and estates.
More than a century old, Dorsey has never been a leader on revenue per lawyer or profits per partner: Both fall well outside the top 100 firms. And the firm took a hit during the global economic crisis, coming in fiftyseventh of 84 firms on The American Lawyers Recession Performance Index and seeing revenue drops in 2009 and 2010 before stabilizing in 2011.
While Dorsey trails the pack, too, on diversityit ranked 128th of 194 firms on our 2011 Diversity Scorecard, with minorities comprising just 8 percent of the U.S. attorney ranksit earns good marks on pro bono, coming in fortyfourth of 200 firms on the magazines 2011 survey. (Dorsey lawyers averaged nearly 70 hours a year of nonpaying work). Projects have included assistance on housing, civil rights, childrens immigration, and international human rights issues.
Updated as of 1/1/12
Firm Rankings
| Survey | Rank | Year Over Year Change | Description |
|---|---|---|---|
| Am Law 100 | 99 | 11 | Gross revenue |
| Am Law 200 | 99 | 11 | Gross revenue |
| NLJ 250 | 75 | 5 | Lawyer head count |
| The A-List | NR | N/A | Overall excellence |
| Pro Bono Scorecard | 44 | 1 | Pro-bono commitment |
| Diversity Scorecard | 138 | 10 | Minority head count |
| Midlevel Associates Survey | 20 | 10 | Job satisfaction |
| Summer Associates Survey | 16 | 9 | Summer programs |
In the News
The Churn: Lateral Moves in The Am Law 200
Diane Jeantet : The Am Law Daily : March 8, 2013
Venable launches its eighth office, in Delaware; a former senior legal adviser at the Federal Communications Commission joins Mayer Brown's tax practice in Washington, D.C.; and four intellectual property attorneys prepare to move from Kasowitz Benson Torres & Friedman's Silicon Valley office to Latham Watkins. The Churn is constant. Please send all announcements to thechurn@alm.com.
Departure of London Tax Group Doesn't Faze Dorsey's Leadership
Brian Baxter : The Am Law Daily : March 4, 2013
With new managing partner Ken Cutler preparing to jet to London as part of a firmwide confidence-building tour, Dorsey & Whitney—whose gross revenue dropped for the fifth straight year in 2012—lost its tax practice Monday in the U.K. capital to local commercial litigation boutique Hage Aaronson. Nonetheless, Cutler insists the Minneapolis-based Am Law 100 firm is poised for a comeback.
Approval of Dewey Bankruptcy Plan Clears Way for Distribution of Funds
Sara Randazzo : The Am Law Daily : March 1, 2013
The plan calls for Dewey's secured creditors - a group that collectively holds nearly $262 million in claims - to be paid roughly 47 cents to 77 cents for each $1 they are owed.
Judge Okays Dewey Liquidation Plan, Clearing Way for Repayment of Creditors
Sara Randazzo : The Am Law Daily : February 27, 2013
To a hearty round of backslaps and handshakes, U.S. Bankruptcy Judge Martin Glenn closed a two-hour hearing Wednesday by approving Dewey & LeBoeuf's Chapter 11 liquidation plan after the last remaining objections faded away. Under the plan, Dewey's secured creditors are to receive roughly 47 to 77 cents for each $1 they are owed, while unsecured creditors are to get roughly 5 to 14 cents.
Fried Frank, King & Spalding Advise on $1.4 Billion NetSpend Deal
Tom Huddleston Jr. : The Am Law Daily : February 20, 2013
Payment processor Total System Services said Tuesday that it has agreed to acquire prepaid debit card provider NetSpend.
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 Am Law 100, the Early Numbers: At Dorsey, Profits Drop for Fifth Straight Year
Amy Kolz : The Am Law Daily : February 13, 2013
Last year was a challenging one for Dorsey & Whitney, as the Minneapolis-based firm's gross revenue fell slightly and its profits per partner hit its lowest level since 2006, according to The American Lawyer's reporting.
Dewey Retirees Drop Suit, Clearing the Way for Bankruptcy Approval
Sara Randazzo : The Am Law Daily : February 13, 2013
The settlement, detailed in Feb. 7 filings, has been offered to 125 retired Dewey partners - most of them tied to legacy firm LeBoeuf, Lamb, Green & MacRae - who are being asked to repay the bankruptcy estate a portion of money they received from the firm in 2011 and 2012, including tax advances, payments from non-qualified retirement plans, and of counsel and special counsel compensation.
Jim Chosy Returns to U.S. Bancorp Legal Dept., This Time as GC
Lisa Shuchman : Corporate Counsel : February 8, 2013
U.S. Bancorp has hired Jim Chosy executive vice president and general counsel, bringing him back to a legal department in which he's already logged several years of in-house work.
S&C Clicks for Cablevision on $1.63 Billion Optimum West Sale
Brian Baxter : The Am Law Daily : February 8, 2013
Sullivan & Cromwell is once again advising longtime client Cablevision Systems, this time in connection with its proposed $1.63 billion cash sale of regional cable provider Optimum West to Charter Communications.
- Adams and Reese
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- Baker & McKenzie
- Brown Rudnick
- Buist Moore
- Cahill Gordon & Reindel
- Clayton Utz
- Cleary Gottlieb Steen & Hamilton
- Clifford Chance
- Cooley
- Covington & Burling
- Cravath, Swaine & Moore
- Davis Polk & Wardwell
- Dewey & LeBoeuf
- Diamond McCarthy
- Dickstein Shapiro
- DLA Piper
- Dorsey & Whitney
- Dreier LLP
- Duane Morris
- Eversheds
- Fish & Richardson
- Freehills
- Freshfields
- Freshfields Bruckhaus Deringer
- Fried, Frank, Harris, Shriver & Jacobson
- Gunderson Dettmer Stough Villeneuve Franklin & Hachigian
- Herbert Smith
- Herrick, Feinstein
- Hogan Lovells
- Howrey
- Jenner & Block
- Jones Day
- K&L Gates
- Kasowitz, Benson, Torres & Friedman
- Kirkland & Ellis
- Latham & Watkins
- Linklaters
- Mallesons Stephen Jaques
- McKool Smith
- Minter Ellison
- Moore & Van Allen
- Morgan, Lewis & Bockius
- Morrison & Foerster
- Nelson Mullins Riley & Scarborough
- Nexsen Pruet
- Nixon Peabody
- Norton Rose
- O?Melveny & Myers
- Ogletree, Deakins, Nash, Smoak & Stewart,
- Orrick, Herrington & Sutcliffe
- Parker Poe Adams & Bernstein
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- Pillsbury Winthrop Shaw Pitman
- Proskauer Rose
- Reed Smith
- Ropes & Gray
- Ruden McClosky
- Shea & Gould
- Shearman & Sterling
- Sheppard, Mullin, Richter & Hampton
- Simmons & Simmons
- Simpson Thacher & Bartlett
- Skadden, Arps, Slate, Meagher & Flom
- Sonnenschein Nath & Rosenthal
- Sullivan & Cromwell
- Vinson & Elkins
- Weil, Gotshal & Manges
- White & Case
- Wilmer Cutler Pickering Hale and Dorr
- Womble Carlyle Sandridge & Rice
