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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 & Whitney’s alumni roster reads like a veritable Who’s 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 Dorsey’s wall at some point in time. Sure, it’s easy to poke fun at a firm based in Minneapolis, but Dorsey’s lawyers have gotten the last laugh: The firm regularly scores in the upper reaches of The American Lawyer’s Midlevel Associates Survey, coming in tenth in 2010 and twentieth in 2011.

And Dorsey’s footprint actually extends far beyond its home state. It has offices throughout the United States, as well as in Europe and the Asia–Pacific region, and—perhaps not a surprise given the location of its headquarters—has a presence in Canada as well. In The Great White North, lawyers handle Canadian cross–border capital markets and M&A transactions among other matters. The firm as a whole is well–known 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 fifty–seventh of 84 firms on The American Lawyer’s Recession Performance Index and seeing revenue drops in 2009 and 2010 before stabilizing in 2011.

While Dorsey trails the pack, too, on diversity—it ranked 128th of 194 firms on our 2011 Diversity Scorecard, with minorities comprising just 8 percent of the U.S. attorney ranks—it earns good marks on pro bono, coming in forty–fourth of 200 firms on the magazine’s 2011 survey. (Dorsey lawyers averaged nearly 70 hours a year of nonpaying work). Projects have included assistance on housing, civil rights, children’s 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 &amp 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.

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