Simpson Thacher & Bartlett Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Simpson Thacher & Bartlett LLP

  • - Financial Information
  • - Compensation
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  • - Lateral Partner Moves
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Simpson Thacher & Bartlett LLP

  • Designation: New York
  • Head Count: 835
  • Gross Revenues: $1,128,500,000
  • Revenue Per Lawyer: $1,350,000
  • Profits Per Partner: $3,165,000
  • Year Over Year Change: 1

Simpson Thacher & Bartlett is a New York-based law firm.  According to the National Law Journal's 2014 NLJ 350 ranking of firms based on size, Simpson Thacher & Bartlett has 835 attorneys and is the 37th largest firm in the United States.  With $1,128,500,000 in gross revenue in 2013, the firm placed 20th on The American Lawyer's 2014 Am Law 200 ranking.  On the 2012 Global 100 survey, Simpson Thacher & Bartlett ranked as the 28th highest grossing law firm in the world.  The firm has offices in CA, DC, London, NM, NY, OH and TX.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 20 1 Gross revenue
Am Law 200 20 1 Gross revenue
NLJ 250 37 -1 Lawyer head count
The A-List 25 -2 Overall excellence
Pro Bono Scorecard 59 -10 Pro-bono commitment
Diversity Scorecard 32 -3 Minority head count
Midlevel Associates Survey 56 -6 Job satisfaction
Summer Associates Survey 98 -9 Summer programs

In the News

With BofA Settlement Comes Shift in Work for Firms

Julie Triedman : The Am Law Daily : January 21, 2014

Thursday's record $16.65 billion settlement with Bank of America means a winding down of government action against big banks over residential mortgage-backed securities. But several lawyers say the pipeline for firms representing these banks will remain full, as governments worldwide take aim at foreign exchange rate-setting and Office of Foreign Assets Control investigations.

Ingersoll-Rand Acquires Cameron Unit for $850 Million

Jamille Sutton : The American Lawyer : January 19, 2014

Ingersoll-Rand, the global maker of heating and air conditioning systems, has agreed to purchase Cameron International Corporation's centrifugal compression division for $850 million, the company announced Monday.

Deal of the Week: $850 Million Cash Deal

Brenda Sapino Jeffreys : Texas Lawyer : January 19, 2014

On Aug. 18, Cameron announced a definitive agreement to sell the division to Ingersoll-Rand for $850 million, subject to closing adjustments.

Dollar General Ups Ante for Family Dollar Stores

MP McQueen : The Am Law Daily : January 19, 2014

In the latest development involving the potential sale of Family Dollar Stores, Dollar General and its attorneys at Simpson Thacher & Bartlett have offered nearly $9 billion for the bargain store chain, trumping an earlier $8.5 billion bid by Dollar Tree.

Fraud Suit Over Twitter IPO Fizzles at Second Circuit

Jan Wolfe : The Litigation Daily : January 18, 2014

Lawyers at Simpson Thacher made quick work of a $124 million lawsuit alleging that Twitter duped two investment advisers into propping up demand for its shares ahead of the company's initial public offering.

Telecom Deals Put Lawyers to Work

Jenna Greene : The National Law Journal : January 18, 2014

As federal antitrust regulators review Comcast Corp.'s pending $45 billion purchase of Time Warner Cable Inc. and AT&T Inc.'s $49 billion deal for DirecTV LLC, competitors and public interest advocates are on the attack — and they're lawyering up with outside and in-house counsel to fight.

S&C Prevails Again for Porsche in Battle With Hedge Funds

Ross Todd : The Litigation Daily : January 15, 2014

Echoing a 2012 ruling by a state appeals court, the Second Circuit agreed with Porsche's lawyers at Sullivan & Cromwell that billions of dollars in claims against the German automaker don't belong in the United States.

The Churn: Bingham Tax Duo Departs, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 15, 2014

Two more Bingham McCutchen partners depart in Washington, D.C., Jones Day loses two in the Midwest, Simpson Thacher & Bartlett hires in New York and other notable moves from throughout The Am Law 200.

Kirkland Leads on Blackstone's $1.2 billion Shale Buy

Wenxiong Zhang : The Am Law Daily : January 14, 2014

The Blackstone Group will buy Royal Dutch Shell's 50 percent stake in a joint venture in Haynesville Shale. The acquisition marks yet another private equity deal led by corporate partner Andrew Calder, a former partner of Simpson Thacher & Bartlett, which has gone head-to-head with Kirkland & Ellis in that space.

At Kirkland, Another Hire Amid Steady Stream of Departures

Brian Baxter : The Am Law Daily : January 14, 2014

Kirkland & Ellis has hired again in Houston, adding former Baker Botts associate David Castro Jr. as a partner. But while the firm continues to make headlines on the transactional and lateral fronts, it's also dealing with the loss of more than 50 partners since the start of this year, many of whom have left its IP group.

New Deals

Wenxiong Zhang : The Am Law Daily : January 14, 2014

In a reversal of trend of U.S. companies moving overseas to save on taxes, Walgreens said on Wednesday it would buy the stake in Alliance Boots it doesn't already own, for $15.3 billion in cash and stock but keep its current Illinois tax address once it takes full ownership of the chain. Also, NorthStar Realty Finance Corp. said on Tuesday it would acquire Griffin-American Healthcare REIT II Inc. for approximately $3.4 billion in cash and stock.

Four Firms Contort to Lululemon Stake Sale

Brian Baxter : The Am Law Daily : January 11, 2014

Choate Hall, DLA Piper, Weil and Vancouver's McCullough O'Connor Irwin are advising on an $845 million deal that sees Dennis "Chip" Wilson, the billionaire founder of Lululemon Athletica, sell half of his 27.7 percent stake in the yoga apparel retailer to private equity firm Advent International. The move averts a potential proxy fight at Lululemon and comes nine months after Wilson made controversial comments about the body size of the company's predominantly female customers.

EnergyBuzz: Akin Gump Partner Leads Two Half-Billion Dollar Energy Deals in Three Weeks

Brenda Sapino Jeffreys : Texas Lawyer : January 11, 2014

"Looking back, it was a lot of fun. I love what I do, and I love negotiation with reasonable business people and lawyers, and it was fun," said Michael Byrd, partner in Akin Gump Strauss Hauer & Feld in Houston.

Madoff Trustee Loses Bid to Block Fairfield, Merkin Deals

Jan Wolfe : The Litigation Daily : January 09, 2014

Irving Picard, the trustee tasked with unwinding Bernie Madoff's investment firm, has hit another wall in his efforts to block two big-dollar settlements with companies that once funneled cash into Madoff's Ponzi fraud.

Dealmakers of the Week: Wachtell's Brownstein and Roth

Wenxiong Zhang : The Am Law Daily : January 08, 2014

Wachtell, Lipton, Rosen & Katz's corporate partners Andrew Brownstein and Benjamin Roth helped lead the way on Walgreens' acquisition of the remaining stake in Alliance Boots for $15.3 billion in cash and stock.

Carlyle Hangs Tight in Buyout Firms Collusion Case

David Bario : The Litigation Daily : January 07, 2014

Shareholders have now inked deals worth $475.5 million with private equity firms accused of scheming to drive down the value of major leveraged buyout deals. But Carlyle Group and its lawyers at Latham have shown no signs of surrender ahead of a looming trial this fall.

EnergyBuzz: Akin Gump Partner Leads Two Half-Billion Dollar Energy Deals in Three Weeks

Brenda Sapino Jeffreys : Texas Lawyer : January 07, 2014

"Looking back, it was a lot of fun. I love what I do, and I love negotiation with reasonable business people and lawyers, and it was fun," said Michael Byrd, partner in Akin Gump Strauss Hauer & Feld in Houston.

Walgreens Resists Tax Inversion in Acquiring Alliance Boots

Wenxiong Zhang : The Am Law Daily : January 06, 2014

Walgreens will pay $15.3 billion for the remaining stake in Europe's largest pharmacy chain but will not reincorporate overseas to save on taxes. Wachtell, Lipton, Rosen & Katz, Allen & Overy and Simpson Thacher & Bartlett advised on the deal.

Greenberg Traurig Settles Lawyer's Malpractice Suit

Christine Simmons : New York Law Journal : January 05, 2014

The malpractice suit was brought in 2009 by Allen Roberts, now an Epstein Becker & Green member, who said Greenberg and former shareholder Leslie Corwin were negligent in failing to prove liability in a suit to recover his share of partnership interest in his former firm.

August Deals & Suits

: Corporate Counsel : January 01, 2014

Personal Notes on Lawyers

: New York Law Journal : January 31, 2014

DLA Piper, Carlton Fields Jorden Burt, Sullivan & Worcester and Schulte Roth & Zabel have each added an attorney.

Big Deals

: The American Lawyer : January 30, 2014

Medtronic/Covidien; Tyson/Hillshire; Time Inc. Spinoff; Level 3/TW Telecom; Apple/Beats

Goldman Mulls Deal as Banks Suffer New Blow in FHFA Cases

Jan Wolfe : The Litigation Daily : January 28, 2014

With trial approaching for Goldman, RBS, HSBC and Nomura, a judge rejected the argument that Fannie Mae and Freddie Mac knew they were being misled about billions of dollars in residential mortgage-backed securities they purchased before the financial crisis.

Fangda Partners' Road to Beijing

Anna Zhang : The Asian Lawyer : January 28, 2014

Despite being rooted outside China's largest legal market, the Shanghai-based firm has managed to develop a strong reputation for cross-border work and land big-name clients such as Alibaba.

New Deals

Vinayak Balasubramanian and Alexandra Wilson : New York Law Journal : January 24, 2014

Italian lottery operator GTECH S.p. has announced that it would acquire Las Vegas-based slot machine maker International Game Technology for $6.4 billion. Albemarle Corporation announced that it plans to acquire competitor Rockwood Holdings for $6.2 billion in a cash and stock deal, a move that will combine two of the world's largest specialty chemical companies.

Travelers' $500M Payment to Johns-Manville Reinstated

Brendan Pierson : New York Law Journal : January 23, 2014

Travelers Indemnity Co. must pay more than $500 million under an insurance policy covering asbestos claims, a unanimous federal appeals panel has ruled, reinstating a bankruptcy court order that had been overturned by a district court.

The Churn: A Dechert Partner Decamps, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 22, 2014

A high-powered litigator leaves Dechert, more departures from Bingham McCutchen and a rare outside hire by Wachtell Lipton in our latest look at lateral moves from throughout The Am Law 200.

New Court Program Seeks to Aid Sex Trafficking Victims

Tania Karas : New York Law Journal : January 22, 2014

Often, human trafficking victims have legal representation in their criminal cases, but no help with any potential immigration issues, leaving them with nowhere to turn but to their traffickers. A new project in Queens is recruiting volunteer attorneys to help.

Second Circuit Socks Travelers With $500 Million Asbestos Tab

Ross Todd : The Litigation Daily : January 22, 2014

The ruling extends a recent hot streak for Bancroft's Paul Clement, who's scored a series of rapid-fire reversals in cases involving Hobby Lobby, Aereo and the Chinese heavy equipment giant Sany Group.

Wachtell Raids Simpson Thacher for Executive Compensation Expert

Brian Baxter : The Am Law Daily : January 21, 2014

A month after Wachtell, Lipton, Rosen & Katz executive compensation partner Jeremy Goldstein left the venerable Am Law 100 firm to start his own practice, the country's most profitable shop on a profits-per-partner basis looked outside its ranks to find a replacement in Simpson Thacher & Bartlett partner Andrea Wahlquist. She becomes only the fourth lateral partner hire in Wachtell's storied history.