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The 2016 Am Law 200: Our Exclusive Report

The Second Hundred, firms 101-200 on our list of the nation’s highest-grossing firms, underperformed their larger counterparts in 2015.

President Barack Obama (EdStock/iStock) and Dubai-based law firm of Emirati lawyer Isa Bin Haider (HANDOUT).

Obama Gets a Law Firm Offer

By Jennifer Henderson |

Barack Obama, poised to cede his POTUS role next year, has received an offer for where to take his post-White House career. And it's from a law firm, although not one in The Am Law 100. Instead the president's legal suitor is slightly smaller and hails from Dubai.

Too Many Lawyers? Report Faults Firms for Resisting Layoffs

By Nell Gluckman |

"Widespread overcapacity" is hindering profitability at more than two-thirds of large firms, according to new survey by Altman Weil that cites underworked nonequity partners as a big part of the problem.

Hillary Clinton and Donald Trump during 2016 elections. (iStockphoto)

Morgan Lewis Straddles the Trump-Hillary Divide

By Nell Gluckman |

The billionaire reality television star and the former secretary of state don’t agree on much, but they’ve both found reasons to turn to ex-candidate Ted Cruz’s former law firm.

Lateral Hiring By US Firms in London Reaches New High

By Frances Ivens |

Research into recent recruitment trends by international firms in London has found that they brought in over 20 percent more partners in 2015 than the year before, with total partner numbers climbing by 6 percent across the group year-on-year.

The Churn

Practice Leaders Pick Up Stakes, Plus More Lateral Moves

By Brian Baxter |

A half-dozen big firms shuffled practice leaders within the past week; Skadden snags a high-profile arbitration expert in Hong Kong; the founding partner of Weil’s Rhode Island office departs; and other notable laterals from throughout The Am Law 200.

In Bid to Become a ‘Category Killer,’ Hinshaw Makes Changes

By Roy Strom |

One year into his role as chairman of Hinshaw & Culbertson, Kevin Burke has shaken up the Chicago-based firm's top management in pursuit of a new branding initiative that seeks to make it a market leader in advising other law firms facing legal issues.

The Am Law Second Hundred: Taking a Dive

By Jennifer Henderson |

Overall, the firms in the bottom half of the Am Law 200 had a rougher year than their richer counterparts.

peopleimages/iStockphoto

Firms Offer More Parental Leave, But Will Associates Take It?

By Nell Gluckman |

Law firms are in an arms race over who can offer the best paternal leave policies, but at some firms, fathers aren’t taking all the time offered.

Rift Among Rainmakers Complicates Dentons' Mexico Deal

By Julie Triedman |

The legal giant's latest expansion effort south of the border involves a dispute between two former colleagues and offers clues about Dentons' other global affiliations.

Mark Zuckerberg, Facebook founder and CEO

Facebook Strikes Out in Attorney Deceit Case Against DLA Piper, Milberg

By Scott Flaherty |

The company will now have to convince New York’s top court if it wants a chance to revive its lawsuit against former lawyers for accused fraudster Paul Ceglia.

U.S. Securities and Exchange Commission building in Washington, D.C.

SEC Suit Targets 'Patent Troll' Owner, Big Law Alum

By Scott Flaherty |

The agency took aim at a pair of Texas lawyers—one with ties to a notorious patent holder and another with Am Law 200 credentials—over an alleged scheme to cheat small business owners out of millions of dollars.

Report Sees Top Deal Lawyers Pull Ahead as Billing Rates Soar

By Julie Triedman |

The high and low ends of the M&A legal services market are becoming ever more stratified as billing rates for deal work dwarf other practices, according to a new survey by LexisNexis CounselLink.

The Mylan Laboratories Inc. headquarters in Canonsburg, Pennsylvania.

Deal Watch: Mylan Taps Cravath Again for Dermatology Deal

By Jennifer Henderson |

Three months after Mylan NV once again turned to Cravath, Swaine & Moore to handle another multibillion-dollar deal, the firm is at it again for the acquisitive generic drug giant.

Dan Gill/Polaris/Newscom

Five Firms Plant Themselves on Bayer’s Mega Monsanto Bid

By Jennifer Henderson |

Eight months after Monsanto Co. abandoned its $45 billion saga to acquire Switzerland's Syngenta AG, the agribusiness giant is the recipient of a $62 billion takeover bid by Germany’s Bayer AG.

The Churn

Sheppard Mullin’s Growth Surge Continues, Plus More Lateral Moves

By Brian Baxter |

Steptoe & Johnson's Korea practice co-head finds a new home; a Bryan Cave practice leader joins the Kentucky Derby; a longtime Paul Weiss litigator becomes a regulator; Perkins Coie hires from Microsoft; and other notable moves from throughout The Am Law 200.

Latham, Wisconsin Firm Reach ROSS Intelligence Partnerships

By Jennifer Henderson |

A few weeks after Baker & Hostetler confirmed its intention to try out artificial legal intelligence, Latham & Watkins and Milwaukee-based von Briesen & Roper have reached licensing agreements with ROSS Intelligence, an AI system powered by IBM's Watson.

American Bar Association offices in Washington, D.C.

Deadline Passes for Proposal to Change Law Firm Ownership Rules

By Nell Gluckman |

With the passage of a key deadline, any plans for nonlawyer investment in law firms will have to wait.

Norton Rose Fulbright's offices in Washington, D.C. February 20, 2016.

Norton Rose Fulbright to Shift 170 Support Jobs to SE Asia

By James Booth |

The firm plans to move nearly 5 percent of its global support roles to a new back-office center in the Philippines. The U.S. and Canada will bear the brunt of local job cuts.

Laurence Leech/ScottishViewpoint/REX

Deal Watch: Amid Oil Price Plunge, Two Big Energy Deals

By Jennifer Henderson |

A half-dozen big firms are advising on two key transactions in the embattled energy space, as a pair of oil field services companies and natural gas producers agree to combine.

Seth Waxman of Dickinson Wright (HANDOUT) and Seth Waxman of Wilmer Cutler Pickering Hale and Dorr (Diego M. Radzinschi / The National Law Journal)

A Tale of Two Waxmans at Wilmer and Dickinson Wright

By Scott Flaherty |

Seth Waxman, meet your new neighbor, Seth Waxman.

Kirkland, Weil Divvy Up Latest Batch of Energy Bankruptcies

By Brian Baxter |

The restructuring practices at the two top Am Law 100 firms are advising on two more Chapter 11 cases filed Monday by Breitburn Energy Partners LP and SandRidge Energy Inc.

Roger Furey, an IP partner at Katten Muchin Rosenman in Washington, D.C. (HANDOUT)

Katten Starts Leadership Transition as New Chair Takes Helm

By MP McQueen |

Roger Furey, an IP litigation partner at Katten Muchin Rosenman in Washington, D.C., is poised to become the new chairman of the Chicago-based firm.

Sean O'Shea

Boies Schiller Bolts On New York Litigation Boutique

By Scott Flaherty |

White-collar pro Sean O’Shea is joining Boies Schiller along with the rest of his small firm, O’Shea Partners.

Hulk Hogan.

Hulk Hogan Case Rattles Litigation Funding Firms

By Julie Triedman |

“It’s really nothing like what we do,” one litigation finance exec said of the revelation that billionaire Peter Thiel has backed Hulk Hogan’s $140 million lawsuit against Gawker.

A large blaze at an apartment building under construction lights the sky near LA City Hall in downtown Los Angeles December 8, 2014. (Eric Politzer/Reuters/Newscom)

Lewis Brisbois Sues Developer for Damages Over LA Inferno

By Nell Gluckman |

The firm, which was forced to relocate its Los Angeles office in late 2014 because of a massive fire caused by arson, is suing a local real estate developer in an effort to recoup damages from the hasty move.

Edgard Rodriguez/iStockphoto

Bankrupt Steel Foundry Operator Leaves Big Firms Holding Bag

By Brian Baxter |

Constellation Enterprises LLC, owner of the nation’s largest single site steel foundry, owes nearly $2 million in legal bills to some of its outside lawyers, according to its Chapter 11 filing in Delaware.

Polsinelli Rolls Up Currency Head From Bryan Cave

By Jennifer Henderson |

A little more than a year after Richard Levin joined Bryan Cave, where he served as a partner and co-chair of the firm's digital currency team, the corporate lawyer has lateraled to another leadership post at fast-growing Polsinelli.

Hillary Clinton with husband, former US President Bill Clinton (Mike Nelson/EPA/Newscom).

Big Firms Have Paid Big Bucks for Clinton Speeches

By Jennifer Henderson |

According to a new database based on financial disclosures by Bill and Hillary Clinton, a handful of large law firms have paid nearly $2 million to the political power couple to make speeches. One talk came at a global partners' meeting for an Am Law 100 firm.

Singapore

DLA Piper Eyes Potential Domestic Singapore Venture

By Frances Ivens |

A week after announcing massive layoffs in the U.K., DLA Piper is considering inking a formal law alliance with a Singapore firm in order to practice local law in the city-state.