Skadden, Arps, Slate, Meagher & Flom Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Skadden, Arps, Slate, Meagher & Flom LLP

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  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
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Skadden, Arps, Slate, Meagher & Flom LLP

  • Designation: New York
  • Head Count: 1,664
  • Gross Revenues: $2,235,000,000
  • Revenue Per Lawyer: $1,345,000
  • Profits Per Partner: $2,730,000
  • Year Over Year Change: 0

Skadden, Arps, Slate, Meagher & Flom is a New York-based law firm.  According to the National Law Journal's 2014 NLJ 350 ranking of firms based on size, Skadden, Arps, Slate, Meagher & Flom has 1664 attorneys and is the 12th largest firm in the United States.  With $2,235,000,000 in gross revenue in 2013, the firm placed 4th on The American Lawyer's 2014 Am Law 200 ranking.  On the 2013 Global 100 survey, Skadden, Arps, Slate, Meagher & Flom ranked as the 4th highest grossing law firm in the world.  The firm has offices in CA, DC, DE, IL, London, MA, NJ, NY, Ontario, Paris, TX and VA.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 4 0 Gross revenue
Am Law 200 4 0 Gross revenue
NLJ 250 12 -5 Lawyer head count
The A-List 21 -6 Overall excellence
Pro Bono Scorecard 35 -15 Pro-bono commitment
Diversity Scorecard 49 -6 Minority head count
Midlevel Associates Survey 69 -18 Job satisfaction
Summer Associates Survey 82 -39 Summer programs

In the News

Circuit Vacates Attorney's Sanction

Mark Hamblett : New York Law Journal : October 22, 2014

An attorney accused by a judge of ignoring his instructions not to mention punitive damages and of acting strangely during closing argument in the products liability litigation over the bone-density drug Fosamax has had sanctions against him lifted by a federal appeals court.

Wall Street Targets Urge NY Judges to Hobble the SEC

David Bario : The Litigation Daily : October 22, 2014

A trio of federal judges—and eventually the U.S. Court of Appeals for the Second Circuit—will have to grapple with the SEC's power to target Wall Street defendants on the agency's own turf.

Report: Rents Up, Square Footage Down for Am Law 200 Firms

MP McQueen : The Am Law Daily : October 20, 2014

The downsizing trend for office space continues but is starting to slow as many firms already have given up space per lawyer to save money, according to the latest survey by commercial real estate services company Jones Lang LaSalle.

Skadden Continues M&A Hot Streak With Two Big Deals

Wenxiong Zhang : The Am Law Daily : October 20, 2014

The firm, which earlier this month took the top spot on three separate rankings for its M&A work, is representing longtime client Permira Advisers on its $3.5 billion sale of Arysta LifeScience Ltd. to Platform Specialty Products. Skadden is also advising British Columbia Investment Management Corporation as it partners with Macquarie Infrastructure and Real Assets to purchase electric utility Cleco Power for $3.4 billion.

Lawyer Escapes Sanctions Over Fosamax Trial 'Tirade'

Julie Triedman : The Litigation Daily : October 20, 2014

Four years after a federal district judge in New York lambasted a product liability lawyer for going overboard in his closing arguments during a bellwether trial against Merck & Co. Inc., an appeals court has vacated sanctions against the attorney.

Edwards Wildman's Tech Cochair Departs, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : October 18, 2014

Another Edwards Wildman Palmer partner departs ahead of the firm's proposed merger later this year with Locke Lord; a Bingham partner heads to the FCC; Fried Frank and Kirkland & Ellis add a pair of new partners; and other notable moves from throughout The Am Law 200.

Associates Class of 2014

: New Jersey Law Journal : October 17, 2014

The highlights the state's up-and-coming attorneys in the Associates Class of 2014.

Wachtell Advises Chesapeake on $5.38 Billion Asset Sale

Wenxiong Zhang : The Am Law Daily : October 17, 2014

Chesapeake Energy announced Thursday that it would sell a large portion of its gas business in Northern West Virginia and Southern Pennsylvania to Houston-based rival Southwestern Energy. The deal allows Chesapeake to pay down a substantial amount of debt accrued from past expansion efforts.

Associates Class of 2014: A-C

: New Jersey Law Journal : October 17, 2014

The highlights the state's up-and-coming attorneys in the Associates Class of 2014.

Asia Deal Digest: Oct. 16, 2014

Anna Zhang : The Asian Lawyer : October 16, 2014

*Simpson Thacher, Sullivan & Cromwell lead two Tokyo IPOs worth $2.6 billion*Morgan Lewis guides Kazakhstan through its first dollar bond issue in 14 years*Skadden acts on the first listing by a Malaysian company in the U.S.

GE Bags Skadden's Pozen for Top Antitrust Role

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

Sharis Pozen, a former acting assistant U.S. attorney general for antitrust who joined Skadden, Arps, Slate, Meagher & Flom in July 2012, left the firm this month to become vice president for global competition and antitrust at General Electric. Pozen is the latest high-profile Am Law 100 partner to join the in-house legal ranks of the Fairfield, Conn.-based conglomerate, which has tapped Skadden to advise on its pending $17 billion buy of the energy unit of French engineering giant Alstom.

Steven Kolleeny

Len Maniace : New York Law Journal : October 14, 2014

The pro bono community lost one of its staunchest supporters when Steven J. Kolleeny died of cancer on Sept. 18. As head of the pro bono asylum program at Skadden Arps since 1987, he had personally represented 30 to 40 asylum seekers and supervised some 300 others whose cases were handled by Skadden attorneys whom he had trained.

Communication Key in Relationships With Outside Counsel

Anthony Paonita : The Legal Intelligencer : October 14, 2014

The session started out as a typical discussion panel of in-house and outside counsel. The venue was the offices of Stinson Leonard Street, a Minneapolis-based law firm. The subject: the survey that our parent company's research arm had done with the firm, entitled "What Keeps General Counsel Up at Night?" After a summary of the survey results, the panel tried to work through what it meant.

Bettina "Betsy" Plevan

Phil Albinus : New York Law Journal : October 14, 2014

She has left her mark on the legal community as a first-class litigator and a generous and committed advocate for the advancement of women in the profession.

Alan Levine

Rebecca Baker : New York Law Journal : October 14, 2014

Beyond the countless hours he personally has dedicated to pro bono causes, he was a driving force in making New York the first state to require 50 hours of pro bono work from prospective lawyers.

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the United States, especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank, and Shearman in a bid to challenge Wall Street firms on their own turf.

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the U.S., especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank and Shearman in a bid to challenge Wall Street firms on their own turf.

Steris Seeks Inversion Deal Amid Tightened Regulations

Wenxiong Zhang : The Am Law Daily : October 13, 2014

Wachtell, Jones Day and DLA Piper advise as the Ohio-based medical technology company offers to buy Swindon, England-based sterilization services provider Synergy Health Plc for $1.9 billion in cash and stock. The deal would create a new company in the U.K., allowing Steris to redomicile there and save on taxes.

Cooley, Baker, Wilson Advise NetScout on $2.6 Billion Danaher Deal

David Ruiz : The Recorder : October 13, 2014

For tax reasons, deal was structured as a Reverse Morris Trust—a rarity in tech circles.

Former Class Action King Takes Control of NHL's Coyotes

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

A hat trick of firms—Blank Rome, Oslers and Shearman & Sterling—are advising on the $155 million sale of a 51 percent stake in the National Hockey League's Phoenix Coyotes to Andrew Barroway, a high-flying plaintiffs lawyer-turned-hedge fund executive.

Dealmakers of the Week: Skadden's Schnell and Chitwood

MP McQueen : The Am Law Daily : October 10, 2014

Skadden, Arps, Slate, Meagher & Flom M&A partners Paul Schnell and C. Michael Chitwood led the deal team advising medical technology company Becton, Dickinson and Co. on its $12.2 billion cash-and-stock purchase of CareFusion Corp.

BD Buys CareFusion for $12.2B

Jennifer Genova (compiled from ThomsonReuters Financial and other sources) : New Jersey Law Journal : October 09, 2014

Becton, Dickinson and Co. (BD) on Oct. 6 announced it has paid about $12.2 billion in cash and stock options for fellow medical device manufacturer CareFusion Corp.

New Deals

: The Am Law Daily : October 09, 2014

Becton, Dickinson and Company is buying CareFusion Corp. in the latest in a record-setting series of mergers and acquisitions in the pharmaceutical and medical device manufacturing industries following the Affordable Care Act. Also, Encana Corp. is acquiring Athlon Energy Inc. for $5.3 billion in the largest-ever U.S.-Canada transaction in the exploration and production sector.

Biased Articles Spark Litigation Spree Against Biotechs

Marisa Kendall : The Recorder : October 09, 2014

Plaintiffs lawyers accuse three developmental drug companies of pumping up stock prices by paying for positive press.

Asia Deal Digest: Oct. 9, 2014

Tom Brennan : The Asian Lawyer : October 09, 2014

*Five firms on Anbang Insurance's $1.95 billion purchase of the Waldorf Astoria New York*Ashurst advises state-run PT Pertimina on $2 billion acquisition of Murphy Oil's Malaysian assets*Herbert Smith Freehills guides Australia's Regis Healthcare on its recent IPO.

Fee Tracker: Bingham, Fried Frank Bag Old Mutual IPO Roles

Brian Baxter : The Am Law Daily : October 09, 2014

Initial public offerings for such companies as British insurer Old Mutual's Boston-based asset management arm and Royal Bank of Scotland-backed Citizens Financial helped fill the coffers of firms such as Bingham, Cleary Gottlieb, Davis Polk and Fried Frank while Detroit's bankruptcy continued to be a boon to Jones Day and Honigman. Meanwhile, the U.S. Supreme Court prepares to examine $4.1 million in Baker Botts bankruptcy fees in our latest look at notable legal billings from throughout The Am Law 200.

Am Law 100 Firms Capitalize on Big Pharma Deals

Wenxiong Zhang : The Am Law Daily : October 09, 2014

Sullivan & Cromwell, Latham, McDermott and Sidley Austin advised on Impax Laboratories' purchase of Tower Holdings for $700 million. Sullivan & Cromwell also counseled Endo International on a separate pharmaceutical deal in which the company agreed to pay $2.6 billion for Auxilium Pharmaceuticals, itself advised by Morgan Lewis and Willkie. Meanwhile, Debevoise and Wilmer took the lead on a third transaction in the pharmaceutical sector, this one worth $675 million.

Speculation Begins on Candidate To Fill President Judge Position

Jeff Mordock : Delaware Law Weekly : October 08, 2014

As current Superior Court President Judge James T. Vaughn Jr. awaits a confirmation hearing to become the state's next Supreme Court justice, Delaware legal sources are already discussing his potential replacement.

Head Count Moves in Opposite Extremes at Patton Boggs, Stinson Leonard

Brian Baxter : The Am Law Daily : October 08, 2014

Legacy firm Patton Boggs, along with Kenyon & Kenyon, McKenna Long & Aldridge, Bingham McCutchen and Dickstein Shapiro, were the Am Law 200 firms that saw their attorney head counts drop the most over the past 12 months, according to data compiled by ALM's RivalEdge. A handful of Am Law 200 firms saw double-digit percentage increases, including Stinson Leonard Street, mostly as a result of mergers.

Skadden Once Again Comes Out on Top of M&A Rankings

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

Continuing on its transactional tear, Skadden, Arps, Slate, Meagher & Flom sat atop three separate rankings of legal advisers for global M&A deals based on total transaction value in the first three quarters of the year.