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
|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
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.
Julia Love : The Recorder : April 9, 2013
The Howrey estate was by turns peaceable and litigious Friday, striking a multimillion-dollar settlement with one of its insurance carriers while rounding up more firms — including Haynes and Boone — for clawback claims.
: New York Law Journal : April 8, 2013
The New York City Law Department has new chiefs of its Commercial and Real Estate Litigation Division and its Labor and Employment Law Division, and three firms announce additions.
: The National Law Journal : April 8, 2013
Heath Rosenblat joins Drinker Biddle & Reath's corporate restructuring practice group as counsel to the New York office. Plus more law firm movers in this week's column.
Julia Love : The Recorder : April 8, 2013
The Howrey estate was by turns peaceable and litigious Friday, striking a multimillion-dollar settlement with one of its insurance carriers while rounding up more firms for clawback claims.
Julia Love : The Recorder : April 8, 2013
Jan Wolfe : The American Lawyer : April 1, 2013
Judges and practitioners continue to debate how to define "laws of nature," "abstract ideas," and "natural phenomena," which are exempt from patent eligibility.
Diane Jeantet : The Am Law Daily : March 26, 2013
Quinn Emanuel Urquhart & Sullivan expands its Washington, D.C., office with a health care fraud expert; Fish & Richardson hires the head of Weil, Gotshal & Manges's Boston litigation practice; and Wilmer Cutler Pickering Hale and Dorr gains two former government lawyers. The Churn is constant. Please send all announcements to firstname.lastname@example.org.
: Texas Lawyer : March 25, 2013
Jeanne Graham : Texas Lawyer : March 25, 2013
For Andrews Kurth corporate and securities partner Stephanie Beauvais, an understanding manager's accommodation showed her she could balance her career and her family life. Beauvais is one of 31 new female partners at Texas' largest firms.
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