Firm Profiles
IN-DEPTH RESEARCH REPORT
on Haynes and Boone, LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
Haynes and Boone
- Designation: Dallas
- Head Count: 489
- Gross Revenues: $313,000,000
- Revenue Per Lawyer: $640,000
- Profits Per Partner: $775,000
- Year Over Year Change: 2
Founded in 1964 in Dallas, Haynes and Boone would eventually operate six offices within Texas—and set its sights far wider. Recent years have seen it plant stakes in Mexico City (a base for its growing Latin America practice), Moscow, and New York, the last a particular focal point for the firm’s growth. Indeed, to expand that office’s finance, bankruptcy and restructuring, real estate, intellectual property, and litigation capabilities, Haynes and Boone has been adding lateral attorneys there at a rapid pace, including 20 in 2010 alone.
Overall Haynes and Boone counts some 500 lawyers spread among 12 offices, and other key practice areas include energy, antitrust, and mergers and acquisitions. Haynes and Boone managed to grow its head count during the recession, though gross revenue suffered a slight drop—just over 3 percent—in 2010 (after growing steadily through the earlier part of the downturn). Traditionally, Haynes and Boone’s revenue per lawyer has ranked well among the Second Hundred firms (in recent years it has been in the neighborhood of $600,000).
Surprisingly, perhaps—given its relatively modest rankings on economic metrics—Haynes and Boone scores rather well on some nonfinancial measures. It placed well in the top half of firms—fifty–sixth of 194—on The American Lawyer’s 2011 Diversity Scorecard (notably, more than 10 percent of the U.S. partnership is comprised of minorities—higher than many of Haynes and Boone’s peers). Associate satisfaction earns fairly good marks as well: The firm placed forty–seventh of 126 firms on our 2011 midlevels survey, and fifty–fourth of 137 firms in 2010. Keeping attorneys happy while keeping the firm growing: That’s a feat a lot of firms bigger than Haynes and Boone have yet to accomplish.
—Updated as of 1/1/12
Firm Rankings
| Survey | Rank | Year Over Year Change | Description |
|---|---|---|---|
| Am Law 100 | 100 | 2 | Gross revenue |
| Am Law 200 | 100 | 2 | Gross revenue |
| NLJ 250 | 81 | 1 | Lawyer head count |
| The A-List | NR | N/A | Overall excellence |
| Pro Bono Scorecard | 127 | 22 | Pro-bono commitment |
| Diversity Scorecard | 63 | 7 | Minority head count |
| Midlevel Associates Survey | 47 | 7 | Job satisfaction |
| Summer Associates Survey | 79 | 18 | Summer programs |
In the News
Kirkland, Wachtell Lead on $6.9 Billion BMC Software Sale
Tom Huddleston Jr. : The Am Law Daily : May 13, 2013
A year after waging a proxy battle with an activist investor over exploring a possible sale, BMC Software has agreed to be bought by an investment consortium led by buyout firms Bain Capital and Golden Gate Capital in a cash deal worth $6.9 billion.
Personal Notes on Lawyers
: New York Law Journal : May 9, 2013
The Eastern District U.S. Attorney's Office has announced promotions, while several firms have new additions.
Kirkland, Wachtell Lead on $6.9 Billion BMC Software Sale
Tom Huddleston Jr. : The Am Law Daily : May 6, 2013
A year after waging a proxy battle with an activist investor over exploring a possible sale, BMC Software has agreed to be bought by an investment consortium led by buyout firms Bain Capital and Golden Gate Capital in a cash deal worth $6.9 billion. Kirkland & Ellis, Sidley Austin, and Willkie are advising the investors while Wachtell is representing BMC.
The Churn: Lateral Moves in The Am Law 200
Diane Jeantet : The Am Law Daily : May 3, 2013
Littler Mendelson hires another batch of attorneys from Ogletree, Deakins, Nash, Smoak & Stewart; Kaye Scholer adds a former New York State Supreme Court justice to its litigation practice; and Davis Wright Tremaine picks up three attorneys. The Churn is constant. Please send all announcements to thechurn@alm.com.
Reverse Commute
Elliott Hurwitt : Corporate Counsel : May 1, 2013
Firm Finance: What Was Notable for 2012
: Texas Lawyer : April 29, 2013
Stats for each of the top 25 firms.
Pa. Am Law 100 Firms Surpass National Revenue Growth
Gina Passarella : The Legal Intelligencer : April 29, 2013
Eight Pennsylvania-based law firms earned a spot on The American Lawyer's Am Law 100 ranking and, combined, managed to grow revenue at a slightly higher clip than their national counterparts.
The Churn: Lateral Moves in The Am Law 200
Diane Jeantet : The Am Law Daily : April 26, 2013
Ropes & Gray hires five new partners in Hong Kong, London, and New York; a hedge fund general counsel joins Sidley Austin in London; and Cozen O'Connor takes one from Blank Rome in New York. The Churn is constant. Please send all announcements to thechurn@alm.com.
Covington, S&C, Brazilian Firms Advise on Big Latin American Deals
Brian Baxter : The Am Law Daily : April 24, 2013
Top Brazilian firms Barbara, Mussnich & Aragao and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga are working on a $2.5 billion all-stock merger that will create the world's largest for-profit education company, while Covington & Burling, Sullivan & Cromwell, and several South American firms have grabbed roles on the $516 million sale of a 50 percent stake in a Peruvian pension fund.
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