IN-DEPTH RESEARCH REPORT
on Hughes Hubbard & Reed LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
Hughes Hubbard & Reed
- Designation: New York
- Head Count: 344
- Gross Revenues: $365,000,000
- Revenue Per Lawyer: $1,060,000
- Profits Per Partner: $1,730,000
- Year Over Year Change: 9
Hughes Hubbard manages to stand at both ends of The Am Law 100. By gross revenue alone, it typically ranks near the bottom of the list. But change the focus to revenue per lawyer and noneconomic measures like diversity, pro bono work, and associate satisfactionthe factors The American Lawyer considers when compiling its annual AList of firmsand Hughes Hubbard jumps to the head of the line. Indeed, after years of steadily climbing up the ranks of our AList, it hit the number one spot in 2011.
Founded in 1888 in New York, Hughes Hubbard has eschewed the grow big, grow fast, grow wide strategy of many of its peers. It hasnt gone crazy adding laterals and partners, there havent been any blockbuster mergers, and it hasnt opened a bunch of new offices in exotic locations. The last two offices Hughes Hubbard openednine years apart from each otherwere in Kansas City and Jersey City.
When Hughes Hubbard expands, it is often done via small lateral acquisitions. In recent years the firm has used this strategy to bulk up its restructuring and bankruptcy practices. The Kansas City office came together after Hughes Hubbard added a team of product liability lawyersand their tobaccoheavy caseloadfrom Shook, Hardy & Bacon.
While the firms practice runs the gamutfrom traditional areas like mergers and acquisitions, real estate, antitrust, and intellectual property, to niches like art lawlitigation is a particular strength. Hughes Hubbard earned an honorable mention in The American Lawyers 2012 Litigation Department of the Year competition, based largely on successes for Merck & Co., Inc, in the companys Vioxx personal injury litigation, and a multibilliondollar recovery for the trustee for the Lehman Brothers Holdings Inc. liquidation.
As if there wasnt already enough work to go around, Hughes Hubbard lawyers put in an unusually high number of hours on pro bono matters. On The American Lawyers 2011 Pro Bono Reportin which Hughes Hubbard ranked second of 200 firmslawyers averaged more than 140 hours a year. Evidently thats just fine with the firms junior lawyers, whose scores placed Hughes Hubbard tenth (of 127 firms) on our 2011 Midlevel Associates Survey. Attorneys who manage to fill the firms coffers, do good deeds, and are happy to boot?
Hughes Hubbard knows that such mythical creatures actually exist.
Updated as of 1/1/12
|Survey||Rank||Year Over Year Change||Description|
|Am Law 100||80||9||Gross revenue|
|Am Law 200||80||9||Gross revenue|
|NLJ 250||142||2||Lawyer head count|
|The A-List||1||no change||Overall excellence|
|Pro Bono Scorecard||2||13||Pro-bono commitment|
|Diversity Scorecard||12||6||Minority head count|
|Midlevel Associates Survey||10||1||Job satisfaction|
|Summer Associates Survey||10||21||Summer programs|
In the News
Sara Randazzo : The Am Law Daily : April 25, 2013
A former Dewey & LeBoeuf partner suing Barclays Bank over what he claims is a fraudulent $540,000 loan agreement is now trying to blame its creation on several onetime firm leaders, including former chairman Steven Davis.
Sara Randazzo : The Am Law Daily : April 23, 2013
Steven Davis—one of three former Dewey & LeBoeuf leaders often faulted for causing the firm's collapse—has agreed to pay the Dewey estate more than half a million dollars to resolve allegations that his stewardship was indeed to blame. Dewey insurers, meanwhile, have agreed to contribute $19 million to the estate.
: New York Law Journal : April 15, 2013
The president-elect of the American Bar Association, James Silkenat, delivered the 50th annual Charles Evans Hughes Memorial Lecture on April 10 at the Vesey Street headquarters of the New York County Lawyers' Association.
Brian Baxter : The Am Law Daily : April 11, 2013
Noted art collector, philanthropist, and cosmetics heir Leonard Lauder turned to Simpson Thacher & Bartlett to advise on his donation of a collection of 78 Cubist drawings, paintings, and sculptures to New York's Metropolitan Museum of Art.
Ed Burke : The Am Law Daily : April 4, 2013
With a law firm's success—and perhaps even its very survival—dependent on the revenue it is able to bring in, firm leaders need to do a better job of teaching their lawyers the art of the sale.
: Corporate Counsel : April 1, 2013
Vanessa Blum : The Recorder : March 27, 2013
Vanessa Blum : The Recorder : March 27, 2013
After two years of take-no-prisoners litigation, there isn't much the lawyers for Apple and Samsung can agree on. But a rare moment of solidarity between rivals occurred Tuesday as the tech giants joined in urging the U.S. Court of Appeals for the Federal Circuit to block the public disclosure of court filings that contain sensitive financial data.
David Marcus : The American Lawyer : March 27, 2013
Pinnacle/Ameristar; Cerberus/Supervalu; ICE/NYSE
: The Associated Press : March 21, 2013
JPMorgan Chase has agreed to a deal that will return $546 million to former customers of trading firm MF Global Holdings Ltd., which collapsed in 2011 with $1.6 billion missing from its accounts
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- Chadbourne & Parke
- Cleary Gottlieb Steen & Hamilton
- Clifford Chance
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- Cravath, Swaine & Moore
- Davis Polk & Wardwell
- Dewey & LeBoeuf
- Dickstein Shapiro
- DLA Piper
- Duane Morris
- Fish & Richardson
- Fried, Frank, Harris, Shriver & Jacobson
- Gunderson Dettmer Stough Villeneuve Franklin & Hachigian
- Heller Ehrman
- Irwin Mitchell
- Jenner & Block
- Kasowitz, Benson, Torres & Friedman
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- Latham & Watkins
- Mallesons Stephen Jaques
- Morgan, Lewis & Bockius
- Orrick, Herrington & Sutcliffe
- Paul, Hastings, Janofsky & Walker
- Perkins Coie
- Proskauer Rose
- Reed Smith
- Ropes & Gray
- Shearman & Sterling
- Sheppard, Mullin, Richter & Hampton
- Simpson Thacher & Bartlett
- Skadden, Arps, Slate, Meagher & Flom
- Slaughter and May
- Sonnenschein Nath & Rosenthal
- Sullivan & Cromwell
- Vinson & Elkins
- Weil, Gotshal & Manges
- Wilmer Cutler Pickering Hale and Dorr