Dechert Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Dechert LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
  • - Key Contacts

Dechert LLP

  • Designation: New York
  • Head Count: 877
  • Gross Revenues: $839,500,000
  • Revenue Per Lawyer: $955,000
  • Profits Per Partner: $2,315,000
  • Year Over Year Change: -1

Dechert is a Philadelphia-based law firm.  According to the National Law Journal's 2015 NLJ 350 ranking of firms based on size, Dechert has 877 attorneys and is the 36th largest firm in the United States.  With $839,500,000 in gross revenue in 2014, the firm placed 35th on The American Lawyer's 2015 Am Law 200 ranking.  On the 2013 Global 100 survey, Dechert ranked as the 42nd highest grossing law firm in the world.  The firm has offices in CA, CO, CT, DC, IL, MA, NC, NJ, NY, PA and TX.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 35 -1 Gross revenue
Am Law 200 35 -1 Gross revenue
NLJ 250 35 6 Lawyer head count
The A-List 48 3 Overall excellence
Pro Bono Scorecard 6 -1 Pro-bono commitment
Diversity Scorecard 158 4 Minority head count
Midlevel Associates Survey 100 12 Job satisfaction
Summer Associates Survey 60 -13 Summer programs

In the News

Brokerage Windows in Retirement Plans

Andrew L. Oringer, Andrew H. Braid and Aaron S. Cha : Employment Law Strategist : July 31, 2015

Some recent developments surrounding the use of so-called "brokerage windows" under participant-directed retirement plans.

Big Deals

Jennifer Henderson : The American Lawyer : July 27, 2015

Pro Bono Report 2015: Treading Water

: The American Lawyer : July 20, 2015

Firms continue to talk the pro bono talk, but hours devoted to pro bono legal work dipped slightly last year among Am Law 200 firms.

Liner Lands Dickstein Defectors, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : July 20, 2015

The head of Dickstein Shapiro's insurance coverage practice leads nine other lawyers to Los Angeles-based Liner; Morgan, Lewis & Bockius hires two more partners in London; and other notable new roles from throughout The Am Law 200.

In-House Counsel Profile: CNL Financial Group Inc.'s Holly Greer

Richard Acello : The National Law Journal : July 20, 2015

"In the sixth grade I was the prosecutor in a 'mock trial' and from that point on I was determined to be a attorney."

Law Partners Become Performers at Capital Fringe Festival

Happy Carlock : Legal Times : July 17, 2015

When they're not singing and swiveling their hips to funk and soul favorites from Barry White and Marvin Gaye, these three Washington lawyers are litigation and regulatory partners at firms here. Jeremy Zucker, of Dechert; Alex Romain of Williams & Connolly; and Michael Nilsson of Harris, Wiltshire & Grannis will trade their suits for tuxedos and sequins this week for their performance in the 10th annual Capital Fringe Festival in Washington.

On the Move

: The Recorder : July 13, 2015

New hires, promotions, appointments and awards in-house, at firms, and in government and academia.

Kirkland Pro Joins Sports Analytics Shop, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : July 12, 2015

A Kirkland & Ellis corporate partner heads to a Silicon Valley sports analytics startup; Epstein Becker & Green snags some epic eyebrows; Morgan Lewis lands a structured transactions trio in London; and other notable hires from throughout The Am Law 200.

Pa. Firms' Pro Bono Stats Buck National Trend

Lizzy McLellan : The Legal Intelligencer : July 10, 2015

While pro bono work appears to have declined slightly last year at Am Law 200 firms nationwide, large Pennsylvania firms are showing improvements in pro bono participation.

Walker Inaugurated as President of Federal Bar Association

: New Jersey Law Journal : July 10, 2015

Karol Corbin Walker, a partner based in LeClairRyan's Newark office, was sworn in as the first African-American president of the Association of the Federal Bar of New Jersey (AFBNJ) on June 18 at the organization's 39th annual Brennan Dinner, held at Mayfair Farms in West Orange. Plus more in this week's column.

This Week's Deals

David Ruiz : The Recorder : July 09, 2015

A round-up of transactions involving Bay Area lawyers and companies.

Fenwick Brings On IP Partner

Patience Haggin : The Recorder : July 08, 2015

Daniel Becker specializes in patent counseling for life-sciences companies.

Akin Gump Adds High-Powered Duo, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : July 08, 2015

The Beltway base of Akin Gump Strauss Hauer & Feld absorbs two veteran litigators; Hogan Lovells hires three Baker Botts litigators in Texas; McDermott and Pillsbury poach new partners; and other notable additions from throughout The Am Law 200.

Former SEC Lawyer Joins Dechert

David Ruiz : The Recorder : July 07, 2015

Mark Perlow, who advises a range of investment groups, had been with K&L Gates.

Tax Law

: New York Law Journal : July 06, 2015

In this Special Report from the New York Law Journal: "New York's Unitary Combined Reporting Rules: Guidance Is Needed," "Leveling the Playing Field for Community Developers," "FATCA in a Nutshell for Foreign Trusts, Trustees and Beneficiaries" and "Obtaining a Higher Tax Basis: Acquisition Strategy or Trap?"

Justices Take Up Luzerne County Public Defender Funding Suit

Lizzy McLellan : The Legal Intelligencer : July 03, 2015

The Pennsylvania Supreme Court is allowing an appeal from an ousted Luzerne County chief public defender over the amount of funding provided to his former office, from which he was dismissed two years ago.

Deal Watch: Skadden Celebrates Holiday Weekend Atop M&A League Tables

Jennifer Henderson : The Am Law Daily : July 03, 2015

M&A league tables for the first half of 2015 compiled by Bloomberg and Thomson Reuters show Skadden, Arps, Slate, Meagher & Flom leading the pack among legal advisers, while several other Am Law 100 firms prepare to fete the Fourth of July with some insurance-related transactional work.

Dechert Taps Massey to Lead NY Office

Christine Simmons : New York Law Journal : July 01, 2015

Thomas Munno, who has served as Dechert's New York managing partner for the past 21 years, retired from the partnership Tuesday. The firm has appointed Kathleen Massey to succeed him in overseeing Dechert's largest office, which has more than 200 lawyers.

July Deals & Suits

: Corporate Counsel : July 01, 2015

Defendants' Reliance on Business Judgment Rule Fails

Ben Bedell : New York Law Journal : June 30, 2015

In allowing a shareholder suit to proceed, a Commercial Division judge has found the "business judgment rule" is inapplicable where a company's directors ignored red flags and rushed into an ill-advised acquisition in order to avoid losing their investments.

INADMISSIBLE: D.C. Judge Blocks Sysco-US Foods Merger

: The National Law Journal : June 29, 2015

A federal district judge in Washington last week blocked the proposed $8.2 billion merger between food distributors Sysco Corp. and US Foods Inc. Plus more in this week's column.

Survey: Pro Bono Hours Dip Slightly at Am Law 200 Firms

MP McQueen : The American Lawyer : June 29, 2015

Jenner & Block takes the top spot in our annual pro bono survey; Arnold & Porter is second.

Big Deals

Jennifer Henderson : The American Lawyer : June 29, 2015

Stable CMO Market Sees Some Unexpected Movement

Gina Passarella 
and Lizzy McLellan : The Legal Intelligencer : June 29, 2015

Pennsylvania's legal marketing community has seen relative stability over the past few years as many of the largest law firms have installed and maintained the next generation of chief marketing and business development officers. But there have been a few changes of late, including what the marketing community has perceived as the abrupt departure of Saul Ewing's marketing leader.

Cooley Partner Levine to Take Helm of JTS Board

Andrew Denney : New York Law Journal : June 26, 2015

Alan Levine, a senior litigation partner in Cooley's New York office, on July 1 will become the chair of the board of trustees for The Jewish Theological Seminary, the flagship institution for Conservative Judaism.

Dechert Preparing Leadership Transition

Gina Passarella : The Legal Intelligencer : June 26, 2015

Dechert is about to begin a yearlong leadership transition as the firm announced changes to half of its two-person executive team come July 1, 2016.

Court Strikes Law Allowing Challenges to Gun Ordinances

Lizzy McLellan : The Legal Intelligencer : June 26, 2015

A Pennsylvania law that allowed firearm owners and organizations to sue municipalities over gun-related regulations, and provided for a prevailing plaintiff's attorney fees, has been struck down by the Commonwealth Court.

Law Firms and GCs Finding Value in Alternative Billing

Lisa Goldstein : The Legal Intelligencer : June 24, 2015

It's been over 20 years since corporate legal departments publicly asked for alternative fees when DuPont Legal began the trend with its convergence model. The former general counsel for DuPont and current partner at Ballard Spahr, Tom Sager, was the frontrunner in implementing alternative fee arrangements, or AFAs, and said "the impetus for this was a mass tort explosion confronting DuPont and with it the compelling need to drive efficiency, reduce costs and incentivize the firms for outstanding results." During his time at DuPont, Sager's team converted 70 percent of its matters at its high-water mark, he said. These were not discounted hourly rates; instead, the AFAs were either a flat fee or a flat fee with a holdback and contingency bonus. Over time, some companies followed DuPont's lead, but the real push for AFAs occurred after the 2008 financial crisis and recession. Since then, corporations have become increasingly more budget-conscious and have requested value-based billing.

Realty Law Digest

Scott E. Mollen : New York Law Journal : June 24, 2015

Scott E. Mollen, a partner at Herrick, Feinstein and an adjunct professor at St. John's University School of Law reviews "South Tower Residential Board of Managers of Time Warner Center Condomium v. The Ann Holdings,” where the court allowed the plaintiff board to exercise its right of first refusal and assign the right to purchase to a third party; and "Deutsche Bank National Trust v. Husband," a foreclosure action where it was found the lender failed to act in good faith.

Takata Executive 'Deeply Sorry' for Air Bag Defects

Mike Sacks : The National Law Journal : June 23, 2015

A senior executive from Takata Corp. appeared before the Senate Commerce Committee on Tuesday to update lawmakers on the recall of nearly 34 million vehicles installed with the company's air bags.