Firm Profiles
IN-DEPTH RESEARCH REPORT
on Katten Muchin Rosenman LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
Katten Muchin Rosenman
- Designation: National
- Head Count: 586
- Gross Revenues: $490,500,000
- Revenue Per Lawyer: $835,000
- Profits Per Partner: $1,310,000
- Year Over Year Change: 1
Based in Chicago, Katten Muchin Rosenman is the result of a March 2002 megamerger between Katten Muchin Zavis and New York’s Rosenman & Colin. The combined firm counts corporate work, financial services, intellectual property, litigation, real estate, commercial finance, and trusts and estates as core practice areas.
For much of its history (Rosenman dates back to 1912 and Katten Muchin Zavis to 1974), the firm was decidedly United States centric, with no international offices. That changed after the merger, with the firm opening a London outpost in 2005 and a Shanghai office in February 2012 (the latter strongly pushed by former Chicago mayor Richard Daley, who joined Katten Muchin as of counsel in June 2011).Katten, however, is not known for industry–leading partner take–home pay: Average compensation traditionally ranks in the 80s or low 90s among the Am Law 100 firms. And the firm experienced some contraction during the economic crisis. It finished sixty–fifth of 84 firms in The American Lawyer’s Recession Performance Index, which measured financial performance between 2007 and 2009—a period in which Katten shed both revenues and head count (several dozen attorneys, including some nonequity partners, were let go in two rounds of layoffs).
By the start of 2011, however, the firm’s attorney roster was almost back to its postmerger level, and both profits per partner and net income had recovered, beating the numbers Katten turned in before the recession.
In diversity, Katten ranks in the middle of the pack; the firm finished 113th (out of 194 firms) in The American Lawyer’s 2011 Diversity Scorecard (minorities comprise just 5 percent of the partnership). Katten is also one of those firms where the summer associates seem to be a lot happier than their postgrad counterparts. The firm came in fifth on our 2011 Summer Associate Survey. Midlevel associates, however, weren’t as pleased. Katten finished eighty–fifth out of 126 firms on 2011’s Midlevel Associates Survey.
The latter number did mark progress from years past, given Katten’s 143rd place finish (of 146 firms) in 2009 and its 111th showing (of 137 firms) in 2010.
—Updated as of 1/1/12
Firm Rankings
| Survey | Rank | Year Over Year Change | Description |
|---|---|---|---|
| Am Law 100 | 62 | 1 | Gross revenue |
| Am Law 200 | 62 | 1 | Gross revenue |
| NLJ 250 | 68 | 2 | Lawyer head count |
| The A-List | NR | N/A | Overall excellence |
| Pro Bono Scorecard | 102 | 3 | Pro-bono commitment |
| Diversity Scorecard | 115 | 2 | Minority head count |
| Midlevel Associates Survey | 85 | 26 | Job satisfaction |
| Summer Associates Survey | 5 | N/A | Summer programs |
In the News
Banks Topple Antitrust Claims in Private LIBOR Suits
David Bario : The Litigation Daily : April 1, 2013
Wilson Sonsini Lawyer's Fast Flight From Kirkland Shows That Lateral Moves Aren't Always Wise
Julia Love : The Recorder : March 22, 2013
Corporate partner Michael Ringler returned to his longtime home this week, just a month after his much-ballyhooed departure to Kirkland & Ellis. Ringler and Kirkland probably realized they were not a good match, lawyers and recruiters familiar with the M&A specialist and the two firms say.
For Wilson Partner, an Awkward Homecoming
Julia Love : The Recorder : March 22, 2013
Unwanted at Debevoise, Trusts and Estates Team Lands at Loeb
Sara Randazzo : The Am Law Daily : March 18, 2013
Three months after Debevoise & Plimpton management informed its partners it would be exiting private client work, a seven-lawyer trusts and estates team led by partner Jonathan Rikoon prepares to move to Loeb & Loeb in New York.
A Year After Losing Its Lawyer, Intrade Halts Its Business
Brian Baxter : The Am Law Daily : March 13, 2013
Intrade, the once popular online trading exchange that was forced to shutter its U.S. unit last November, ceased operations this week amid an investigation into its business practices. The latest development comes a little more than a year after former Winston & Strawn partner Michael Philipp, who had been representing Intrade in the U.S. and is now a partner at Morgan, Lewis & Bockius in Chicago, dropped the company as a client, according to a complaint filed against the Dublin-based company by the CFTC.
New Partners Yearbook 2013
: New Jersey Law Journal : March 8, 2013
The past year saw a continued resurgence in new partners at New Jersey firms, which, if not quite as robust as the year before, still held its own as an indicator that the firms are sanguine about expansion.
Reverse Commute
Elliott Hurwitt : Corporate Counsel : March 1, 2013
The Churn: Lateral Moves in The Am Law 200
Diane Jeantet : The Am Law Daily : March 1, 2013
Cooley loses two real estate partners to New York real estate boutique Duval & Stachenfeld; a group of five Gordon & Rees commercial litigators leave for SNR Denton; and McGuireWoods gains a former Skadden, Arps, Slate, Meagher & Flom partner. The Churn is constant. Please send all announcements to thechurn@alm.com.
MOVERS
: The National Law Journal : February 4, 2013
Tae Rhee joins K&L Gates' corporate practice as partner in the Portland, Ore., office. Plus more law firm movers in this week's column.
Medical man
Mary Welch / Daily Report : The National Law Journal : February 4, 2013
Profile of Steven Petrovich, general counsel for AHS Medical Holdings LLC.
- Adams and Reese
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