Hughes Hubbard & Reed Law Firm Profile

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Hughes Hubbard & Reed LLP

  • Designation: New York
  • Head Count: 351
  • Gross Revenues: $396,000,000
  • Revenue Per Lawyer: $1,130,000
  • Profits Per Partner: $1,950,000
  • Year Over Year Change: 8

Hughes Hubbard & Reed is a New York-based law firm with several offices worldwide. The firm ranked 91st on The American Lawyer's 2011 Am Law 100 rankings of firms with $298,500,000 in gross revenue in 2010. With 300 attorneys, the firm placed 144th on the National Law Journal's 2011 NLJ 250 rankings of firms based on size. Hughes Hubbard has appeared on the Am Law rankings of firms by revenue since 1986. Practice areas include antitrust, corporate, intellectual property, litigation, real estate, and tax. In addition to its New York headquarters, Hughes & Hubbard locations include Washington, D.C., Los Angeles, Miami, Paris and Tokyo.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 72 8 Gross revenue
Am Law 200 72 8 Gross revenue
NLJ 250 123 5 Lawyer head count
The A-List 9 -6 Overall excellence
Pro Bono Scorecard 4 -3 Pro-bono commitment
Diversity Scorecard 12 0 Minority head count
Midlevel Associates Survey 10 1 Job satisfaction
Summer Associates Survey 10 21 Summer programs

In the News

Personal Notes on Lawyers

: New York Law Journal : January 25, 2014

Jones Day and Troutman Sanders have added partners and Dr. James Tacci has rejoined Hiscock & Barclay.

Cost Recovery Bedevils Law Librarians, Survey Finds

Alan Cohen : The American Lawyer : January 24, 2014

Firms may soon be forced to throw in the towel on recouping online research costs, our annual librarians survey suggests.

Two Ex-Dewey Leaders Settle Clawback Suit

Christine Simmons : New York Law Journal : January 23, 2014

Joel Sanders, the firm's former CFO, and Stephen DiCarmine, former executive director, have settled a trustee's clawback suit, clearing another piece of civil litigation as they prepare for a criminal trial.

Deloitte Knocks Out Hedge Funds' Suit Over China Audits

Jan Wolfe : The Litigation Daily : January 21, 2014

Handing a win to defense lawyers at Sidley and Hughes Hubbard, a judge on Monday dismissed claims that Deloitte defrauded ChinaCast Education Corp. investors by failing to detect alleged fraud at the Shanghai-based company.

Hynes to Be Deposed in Civil Rights Lawsuit

Andrew Keshner : New York Law Journal : January 16, 2014

Eastern District Magistrate Judge Cheryl Pollak permitted attorneys for a man who spent more than 22 years in prison before his convictions were vacated to question the former Brooklyn D.A. for two hours on matters such as the training and discipline of his prosecutors.

Her Justice Selects New Executive Director

Tania Karas : New York Law Journal : January 16, 2014

Amy Barasch, the former executive director of the New York state office for domestic violence prevention, will join Her Justice as executive director in September, the group announced.

Dewey Defendants Slam Partners' 'Voracious Greed'

Christine Simmons : New York Law Journal : January 14, 2014

Former leaders of Dewey & LeBoeuf, arguing to dismiss the "scapegoat" criminal charges against them, said the firm collapsed partly because of the "insatiable greed" of some of the firm's partners and pointed to the firm's executive committee for authorizing a deal that's at the heart of their indictments.

Dewey Trustee Presses 'Urgency' in Bankruptcy Claims

Christine Simmons : New York Law Journal : January 08, 2014

The liquidating trustee of Dewey & LeBoeuf is arguing his clawback suit against two former firm leaders should not be stayed while they face criminal charges because there is little overlap between the criminal and bankruptcy cases—and because every delay diminishes recovery for creditors.

N.J. Firms Improve Pro Bono Numbers But Still Lag

David Gialanella : New Jersey Law Journal : January 03, 2014

New Jersey firms showed improvement in their dedication to volunteer work, though there's plenty of room for further gains, a recent survey of national pro bono work at large firms shows.

Akin Gump Chooses Prosperoware Legal Process Management

Sean Doherty : Law Technology News : January 02, 2014

Prosperoware's legal process management software comprises Umbria Core and Umbria Litigator products.

The A-List: A New Number One

Drew Combs : The American Lawyer : January 30, 2014

Paul Hastings reaches the A-List's top spot for the first time, while a pair of Second Hundred firms move onto the list.

The Careerist: A-Listers, Read This

Vivia Chen : The American Lawyer : January 30, 2014

You may be the toast of your profession, but the numbers show you can—and must—do better.

Ex-Leaders of Dewey Seek Stay of Clawback Lawsuit

Christine Simmons : New York Law Journal : January 24, 2014

Defense attorneys for two ex-leaders of Dewey & LeBoeuf said in papers filed Friday that unless a trustee's lawsuit against them is halted in bankruptcy court, they will be forced to depose prosecution witnesses from the criminal case against them.

Courtside Seats: Sovereign Restructurings in the Supreme Court Arena

Christopher Kiplok and Dustin Smith : New York Law Journal : January 23, 2014

Christopher Kiplok and Dustin Smith of Hughes Hubbard & Reed write: Even before the Supreme Court's decision last Monday, the Argentina litigation had resulted in changes to the terms of sovereign bonds and renewed discussion about the establishment of multinational approaches to sovereign restructurings. These trends will continue, if not accelerate, as sovereigns and bond market participants digest the impact and significance of the Supreme Court's recent rulings.

Corporate Restructuring And Bankruptcy

: New York Law Journal : January 23, 2014

In this Special Report from the New York Law Journal, : "Landlords Beware: Court Finds Debtor May Assume, Then Assign Lease'," "Two New Cases Cast a Shadow Over Credit Bidding," "Intercreditor Agreements in Chapter 11: What's a Junior Lienholder to Do?" and "Courtside Seats: Sovereign Restructurings in the Supreme Court Arena."

The Careerist: Top 45 Firms for Women

Vivia Chen : The Careerist : January 18, 2014

Did your firm make this year's list?

Merck Pays $3.85B for Idenix

Jennifer Genova (compiled from ThomsonReuters Financial and other sources) : New Jersey Law Journal : January 13, 2014

Big buys this week for Merck, NRG and Celsion.

New Claim Alleges 'Badges of Fraud' in Dewey Case

Christine Simmons : New York Law Journal : January 12, 2014

The liquidating trustee of Dewey & LeBoeuf has raised new claims against two former firm leaders in his suit to recover more than $21.8 million from them.

Shook Hardy Set to Sublease Hometown Space

Brian Baxter : The Am Law Daily : January 12, 2014

Shook, Hardy & Bacon is downsizing in a Kansas City, Mo., office tower built to house the firm a decade ago. And in seeking to sublease three floors of space in the building where it serves as anchor tenant, Shook Hardy is just the latest Am Law 200 firm to reduce its real estate needs amid an evolving market for legal services.

New Deals

Vinayak Balasubramanian : New York Law Journal : January 12, 2014

Moving to expand its product offerings aimed at treating hepatitis C, pharmaceutical giant Merck & Co. announced Monday that it has agreed to buy Cambridge, Ma.-based Idenix Pharmaceuticals, Inc., for $3.85 billion.

Hughes Hubbard, S&C Advise on Merck's Idenix Buy

Vinayak Balasubramanian : The Am Law Daily : January 09, 2014

Moving to expand its product offerings aimed at treating hepatitis C, pharmaceutical giant Merck & Co. announced Monday that it has agreed to buy Cambridge, Ma.-based Idenix Pharmaceuticals Inc. for $3.85 billion.

Conspicuous Consumption:

Tom Huddleston Jr. : The American Lawyer : January 01, 2014

EGullet founder Steven Shaw wasn't the only lawyer who ate his way into a new career.

It's Now or Never to Amend Claims, Dewey Trustee Told

Christine Simmons : New York Law Journal : January 29, 2014

Now that a criminal indictment has raised new allegations against former Dewey & LeBoeuf leaders, a bankruptcy judge said the trustee should amend a civil complaint against two of the firm leaders now­—or else he may not have the chance later on.

INADMISSIBLE: Animal Rights Groups, Circus Settle

: The National Law Journal : January 19, 2014

The final act of a nearly 14-year legal fight between animal rights groups and the producer of the Ringling Bros. and Barnum & Bailey Circus: a settlement. Plus more in this week's column.

Animal Rights Groups Pay $15.75M to Settle Circus Litigation

Zoe Tillman : The National Law Journal : January 15, 2014

Animal rights groups that unsuccessfully sued the producer of the Ringling Bros. and Barnum & Bailey Circus will pay $15.75 million to settle the case and a separate racketeering lawsuit brought by the producer.

Animal Rights Groups Pay $15.75M to Settle Circus Litigation

Zoe Tillman : The National Law Journal : January 15, 2014

That's enough to fully reimburse Ringling Bros. producer Feld Entertainment for its legal fees in a 14-year-old case over the treatment of elephants, according to lead attorney John Simpson of Norton Rose Fulbright.

Man who argued cigarettes gave him lung cancer gets $59,400

: Daily Business Review : January 14, 2014

Ex-Dewey Manager Seeks to Sever Criminal Case

Christine Simmons : New York Law Journal : January 14, 2014

Zachary Warren, the 29-year-old former client relations manager at Dewey & LeBoeuf who was indicted alongside three of the firm's top leaders, is seeking to separate his case from the others, arguing there is an unacceptable risk of "guilt by association" at trial.

Ex-Dewey Manager Seeks to Sever Criminal Case

Christine Simmons : New York Law Journal : January 14, 2014

Zachary Warren, the 29-year-old former client relations manager at Dewey & LeBoeuf who was indicted alongside three of the firm's top leaders, is seeking to separate his case from the others, arguing there is an unacceptable risk of "guilt by association" at trial.

Ex-Dewey Leaders Fight Trustee's Bid to Reclaim Payments

Christine Simmons : New York Law Journal : January 13, 2014

Former executive director Stephen DiCarmine and CFO Joel Sanders say they should not have to return $21.8 million that the firm paid them in the years leading up to its bankruptcy, arguing they provided years of value while working there.

International Arbitration Under the Bermuda Form

John Fellas : New York Law Journal : January 12, 2014

John Fellas discusses the origins of the Bermuda Form, an excess liability insurance policy; some of its key provisions; and some considerations that bear on the arbitration of Bermuda Form disputes.

Optimistic Expectations Are Playing Out, But Struggles Linger

Christine Simmons : New York Law Journal : January 12, 2014

Christine Simmons, a New York Law Journal reporter, writes: A quarter of the way into 2014, several leading New York attorneys said their firms are on target for promising returns this year. But a recent string of firm layoffs coupled with constant rate pressure are reminders of the continuing struggles in the legal industry.

The Trouble With Nonequity Partners

Michael D. Goldhaber : The American Lawyer : January 30, 2014

Reliance on nonequity partners has boosted the bottom line at Am Law 100 firms—but is it a sustainable business model?

How a Much-Loved Foodie's Passion Caught Fire at Cravath

Tom Huddleston Jr. : The Am Law Daily : January 29, 2014

Like other lawyers who made a mark in the dining industry, the late Steven Shaw got a taste of his foodie future while dining out at clients' expense.

Shook Hardy: A 17-Year Run Concludes

Sara Randazzo : The American Lawyer : January 28, 2014

Two years of declines push the firm off The Am Law 100.

Long-Serving Yale GC Announces Retirement

Sue Reisinger : Corporate Counsel : January 24, 2014

Dorothy Robinson, Yale University's top legal officer for the past 28 years, is leaving her post in August.

Sessner v. Merck Sharp & Dohme

: New Jersey Law Journal : January 23, 2014

Appellate Panel Issues Emphatic Reminder To Attorneys of Duty to Timely Advise Court of Settlement

D.C. Federal Judges Honor Law Firm Pro Bono Service

Zoe Tillman : Legal Times : January 23, 2014

Federal judges in Washington gathered Wednesday to honor 30 law firms where at least 40 percent of all lawyers performed at least 50 hours of pro bono service last year.

Fosamax Case Lawyers Chided for Late Notice to Court of Settlement

Charles Toutant : New Jersey Law Journal : January 23, 2014

Lawyers in a bellwether case over Merck & Co.'s osteoporosis drug Fosamax draw a New Jersey appellate panel's rebuke for having waited four months to notify the court that the case had settled.

Prosecution Says Dewey Trial Could Last Several Months

Christine Simmons : New York Law Journal : January 22, 2014

The government said it expects the trial of Dewey & LeBoeuf's former leaders to take more than four months, and that one likely witness is John Altorelli, a former Dewey executive committee member who is now a partner at DLA Piper.

Head of IP at Altera Moves to Dolby Labs

Chelsea Allison : The Recorder : January 22, 2014

Brian Way will oversee patent licensing and advise on IP strategy.

Prosecution Says Dewey Trial Could Last Several Months

Christine Simmons : The Am Law Daily : January 21, 2014

If and when the criminal case against three former Dewey & LeBoeuf leaders and a low-level firm employee, former partner John Altorelli is among those likely to be called as a prosecution witness.

Entertainment Matters: Belafonte Settles With King Heirs

Tom Huddleston Jr. : The Am Law Daily : January 14, 2014

A suit over MLK memorabilia ends, Katherine Heigl taps Ballard Spahr and CBS stays in-house to lock in late night.

Animal Rights Groups Oppose $25M Fee Request in Circus Litigation

Zoe Tillman : Legal Times : January 10, 2014

Lawyers for animal rights groups that unsuccessfully sued the producer of the Ringling Bros. and Barnum & Bailey Circus called the producer's petition for $25 million in legal fees "ridiculous" and "unconscionable" in court papers this week.

Cigarette Makers Launch New Bid to End Engle Woes

Julie Triedman : The National Law Journal : January 07, 2014

After several previous efforts fell flat, cigarette companies facing thousands of smoker lawsuits in Florida filed their latest batch of U.S. Supreme Court petitions last week. In nine new petitions for certiorari, they argue that the Florida courts are violating their due process rights, and that "billions of dollars are at risk in what amounts to little more than legal poker."

Ex-Dewey Partners Settle Trustee's Clawback Claims

Christine Simmons : New York Law Journal : January 03, 2014

Ex-partners targeted in clawback litigation declined to join a $71 million settlement struck in 2012 between 400 of their former colleagues and the Dewey bankruptcy estate. Although several have now settled, about 20 clawback suits are pending.

Cigarette Makers Launch New Bid to End Woes

Julie Triedman : The Litigation Daily : January 03, 2014

Tobacco companies facing thousands of smoker lawsuits in Florida filed their ninth batch of U.S. Supreme Court petitions last week, claiming the Florida courts are trampling on their constitutional rights in the so-called Engle progeny litigation.

Guilty Pleas Detail Accounting Fraud at Dewey & LeBoeuf

Julie Triedman and Christine Simmons : New York Law Journal : January 31, 2014

A day after ex-Dewey & LeBoeuf finance director Francis Canellas' guilty plea to second-degree grand larceny became public, the pleas of six other former firm employees who have admitted committing crimes related to Dewey's accounting practices were unsealed Friday.

Judge Unseals Guilty Pleas of Six More Dewey Staffers

Julie Triedman and Christine Simmons : The Am Law Daily : January 28, 2014

A day after ex-Dewey & LeBoeuf finance director Francis Canellas' guilty plea to second-degree grand larceny became public, the pleas of six other former firm employees who have admitted committing crimes related to Dewey's accounting practices were unsealed Friday.

Dewey Finance Director Pleads to Misleading Banks, Others

Christine Simmons : New York Law Journal : January 28, 2014

As part of the investigation into alleged criminal conduct that led to Dewey & LeBoeuf's bankruptcy, the firm's former finance director Francis Canellas pleaded guilty to grand larceny in the second degree last month, according to documents unsealed Thursday in New York Supreme Court.

BAR-ometer

: The Recorder : January 21, 2014

No case, big problem ... Capital calls ... Boies wins!

Judge Allows Discovery to Proceed in Dewey Bankruptcy

Christine Simmons : New York Law Journal : January 21, 2014

Bankruptcy attorneys representing two of the criminally charged former Dewey & LeBoeuf leaders lost a bid to stay discovery of a trustee and a creditor's suit against their clients, as Southern District Bankruptcy Judge Martin Glenn made his intent clear Thursday.

Federal Circuit OKs $12 Million Fee Award in Qualcomm Patent Case

Scott Graham : The Recorder : January 18, 2014

A damning e-mail helped Cooley's Steven Strauss establish that a Hughes Hubbard client went after Qualcomm despite having "no case."

Federal Circuit OKs $12 Million Fee Award in 'Exceptional' Patent Case

Scott Graham : The Recorder : January 18, 2014

Damning email helped Cooley's Steven Strauss establish that a Hughes Hubbard client went after Qualcomm despite having "no case."

Ex-Dewey Leaders Charged With Fraud

Ed Shanahan : The American Lawyer : January 07, 2014

After a nearly two year investigation, the former leaders of Dewey & LeBoeuf, ex-chairman, Steven Davis; former executive director, Stephen DiCarmine; and its ex-chief financial officer, Joel Sanders, were accused Thursday of "concocting and overseeing a massive effort to cook the books" at the firm.

Ex-Dewey Leaders Charged With Fraud, Theft

Sara Randazzo and Julie Triedman : The Am Law Daily : January 06, 2014

Following a nearly two-year investigation that began as Dewey & LeBoeuf spiraled toward death, its former chairman, Steven Davis; its former executive director, Stephen DiCarmine; and its ex-chief financial officer, Joel Sanders, were accused Thursday of "concocting and overseeing a massive effort to cook the books" at the firm.

On the Scene at the Dewey Perp Walk

Sara Randazzo and Julie Triedman : The Am Law Daily : January 06, 2014

Clad in suits and handcuffs, former Dewey & LeBoeuf executives Steven Davis, Stephen DiCarmine and Joel Sanders, along with former Dewey accounting employee Zachary Warren, filed into a downtown Manhattan courtroom Thursday to plead not guilty to multiple counts of fraud related to the firm's 2012 collapse.

Social Media Creates Complex Ethical Issues

Mark A. Berman : New York Law Journal : January 04, 2014

In a column on Technology and Ethics, Mark A. Berman of Ganfer & Shore and co-author Ignatius A. Grande of Hughes Hubbard & Reed discuss some of the issues raised by hypothetical scenarios posed by the Commercial and Federal Litigation Section of the New York State Bar Association during its January 2014 Annual Meeting CLE entitled "Social Media in Your Practice: The Ethics of Investigation, Marketing, and More."

Court Blocks Suit for Third-Party Litigation Violation

Suevon Lee : New York Law Journal : January 03, 2014

A shell company that sought to profit from a failed investment portfolio built on mortgage-backed securities has no standing to sue the investment manager because its motive for suing violates New York's champerty doctrine, a Manhattan state court judge ruled.

Judge Dismisses MBS Case on Champerty Grounds

Suevon Lee : Commercial Litigation Insider : January 27, 2014

A shell company that sought to profit from a failed investment portfolio built on mortgage-backed securities has no standing to sue the investment manager because its motive for suing violates New York's champerty doctrine, a Manhattan state court judge ruled.

Judge Dismisses MBS Case on Champerty Grounds

Suevon Lee : Commercial Litigation Insider : January 27, 2014

A shell company that sought to profit from a failed investment portfolio built on mortgage-backed securities has no standing to sue the investment manager because its motive for suing violates New York's champerty doctrine, a Manhattan state court judge ruled.

Movers

: The National Law Journal : January 24, 2014

Geoffrey Willis joins the Brown Rudnick's environmental and real estate practices in the Irvine, Calif., office. Plus more law firm movers in this week's column.

Q&A: Daniel Wiig and Rosa Castello

Suevon Lee : Commercial Litigation Insider : January 24, 2014

Law schools may offer a host of legal skills courses, but one devoted solely to practicing in New York's Commercial Division? Not so much--until this year, when St. John's University School of Law introduced a new, upper-level, one-credit course called, "Litigation in New York's Commercial Division."

Asia Deal Digest: February 20, 2014

Anna Zhang : The Asian Lawyer : January 20, 2014

* Weil and MoFo on Chinese consortium's $2.5 billion logistics investment* Clifford Chance advising China's Dongfeng Motor Group on a proposed $1.1 billion investment in French automaker Peugeot* Herbert Smith Freehills and Baker & McKenzie on $1.37 billion Aussie utility deal

The Churn: L&E Defections at Paul Hastings, Plus More Lateral Moves

Tom Huddleston Jr. : The Am Law Daily : January 07, 2014

Three New York–based Paul Hastings labor and employment partners jump to Proskauer Rose, and a fourth joins Ogletree in Atlanta; Foley & Lardner adds two partners and an of counsel in Miami; and a Kirkland partner becomes chair of Winston & Strawn's West Coast private equity practice.

The Am Law 100, the Early Numbers: Shook Hardy Revenue, Profits Dip

Sara Randazzo : The Am Law Daily : January 04, 2014

Shook, Hardy & Bacon's financials fell in 2013 in every major metric, including a 2.7 percent drop in revenue from the previous year, to $308.5 million. Even so, firm chair John Murphy insists Shook Hardy is right where he'd like it to be.

Establishing a sense of credibility

Zoe Tillman : The National Law Journal : January 03, 2014

A game of three-dimensional chess. That's how Kenneth Lee described the multibillion-dollar battle between the trustee of Lehman Brothers Inc. and the estate of Lehman Brothers Holdings Inc.