IN-DEPTH RESEARCH REPORT
on SNR Denton
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
- Designation: Verein
- Head Count: 1,093
- Gross Revenues: $710,500,000
- Revenue Per Lawyer: $650,000
- Profits Per Partner: $785,000
- Year Over Year Change: 3
Until 2007, Sonnenschein Nath & Rosenthal was a steady Chicago firm perhaps best known as the home of Scott Turow, the topselling novelist, and counsel to oldline legacy Midwestern companies such as All State Insurance and McDonalds. That changed rather quickly after Eliot Portnoy, a Rhodes scholar turned Washington lobbyist, became the head of the firm just five years after he joined as a partner. Two years later the firm absorbed about 100 lawyers from Thacher Proffitt & Wood, a New York securitization firm badly bruised by the economic slowdown. The next year, Sonnenschein merged with the U.K.based Denton Wilde & Sapte and overnight SNR Dentons largest office was in London and it boasted of strengths in Dentons Middle East, Africa, and AsiaPacific offices. As law firm transformations go, this was pretty quick.
A fullservice firm, SNR Dentons practice areas include litigation, bankruptcy, energy, insurance, international trade, labor and employment, M&A, project finance, and public policy. Intellectual property and real estate work have seen particular growth in recent years.
Profits per partner trail the bulk of firms within The Am Law 100, as does SNR Dentons average partner compensation. Yet it is the junior lawyers whose morale could use a boost: The firm rated near the bottom of The American Lawyers 2011 Midlevel Associates Survey, coming in 115th of 126 firms. Nor does SNR Denton lead the pack on diversity: With minorities constituting less than 12 percent of the U.S. attorney rosterand less than 7 percent of the U.S. partnershipthe firm placed 107th of 194 firms on the magazines 2011 Diversity Scorecard.
The firm fares better on pro bono work. SNR Denton scored well above average on our 2011 report card, with the firms lawyers averaging almost 60 hours a year of volunteer legal work.
Like some other firms that have recently completed transatlantic tieups, such as DLA Piper and Baker & McKenzie, SNR Denton has adopted a Swiss verein structure, in which the U.S. and international arms maintain separate finances (the Am Law 100 survey reflects full global figures). Yet, for good or ill, the U.K. partners have already seen one change that has impacted their wallets: The combined firm has eliminated Dentons old lockstep compensation scheme and adopted Sonnenscheins meritbased system.
Updated as of 1/1/12
|Survey||Rank||Year Over Year Change||Description|
|Am Law 100||40||3||Gross revenue|
|Am Law 200||40||3||Gross revenue|
|NLJ 250||18||47||Lawyer head count|
|The A-List||NR||N/A||Overall excellence|
|Pro Bono Scorecard||49||5||Pro-bono commitment|
|Diversity Scorecard||98||9||Minority head count|
|Midlevel Associates Survey||115||N/A||Job satisfaction|
|Summer Associates Survey||NR||N/A||Summer programs|
In the News
Tom Huddleston Jr. : The Am Law Daily : May 13, 2013
Taken together, Katten Muchin Rosenman's recent move into Houston and a spate of lateral hires shows that a boom in energy-related work continues to attract new Am Law firms to Space City while motivating those already doing business there to bulk up.
Diane Jeantet : The Am Law Daily : May 10, 2013
Alston & Bird adds four partners to its capital markets department on the East Coast; the vice-chair of Greenberg Traurig's pharmaceutical, medical device, and health care litigation practice has left for Jones Day; and Locke Lord expands its Hong Kong office with five new attorneys. The Churn is constant. Please send all announcements to email@example.com.
Christine Simmons : New York Law Journal : May 9, 2013
Four of the five new partners in the capital markets practice - Richard Simonds, Scott Samlin, A. James Cotins and Matt Lyons - are in New York, while Stephen Ornstein is in Washington, D.C.
: Texas Lawyer : April 29, 2013
A chart of the 100 largest law firms in Texas.
Brian Baxter : The Am Law Daily : April 19, 2013
Latham & Watkins, Simpson Thacher, Davis Polk, and Fenwick & West are leading a pack of firms reaping the benefits from a recent round of initial public offerings that includes share sales for such companies as Fairway, SeaWorld, Taminco, and Taylor Morrison.
Diane Jeantet : The Am Law Daily : April 19, 2013
Ogletree, Deakins, Nash, Smoak & Stewart opens a Richmond office, the firm's 44th location; Gibson, Dunn & Crutcher takes a practice group leader from Sheppard Mullin Richter & Hampton; and Hunton & Williams welcomes back a partner in Charlotte. The Churn is constant. Please send all announcements to firstname.lastname@example.org.
Claire Zillman : The Am Law Daily : April 17, 2013
Joining forces with Canadian firms Macleod Dixon and Ogilvy Renault helps vault Norton Rose into the number one slot on Acritas's Canadian Brand Index.
Diane Jeantet : The Am Law Daily : April 12, 2013
Newly merged Dentons grabs six partners soon after its launch; Jones Day beefs up its presence in Germany; and Morris Manning continues to expand its tax practice. The Churn is constant. Please send all announcements to email@example.com.
: New York Law Journal : April 9, 2013
Several firms announce additions and promotions, including Nixon Peabody, Jones Day and SNR Denton.
Tom Huddleston Jr. : The Am Law Daily : April 9, 2013
The newly named global behemoth born of SNR Denton's tie-up with European firm Salans and Canada's Fraser Milner Casgrain said Tuesday it is bulking up its white-collar practice in the Midwest with the addition of a group led by former U.S. attorney Stephen Hill.
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