Bingham McCutchen

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Bingham McCutchen LLP
Bingham logo.png
Headquarters One Federal Street
Boston, Massachusetts
No. of offices 14
No. of attorneys approximately 700
No. of employees approximately 1,600
Major practice areas Financial restructuring, securities, litigation, antitrust, private equity, corporate finance, government affairs
Key people Jay S. Zimmerman (Chairman)[1]
Date founded 1891[2]
Company type Limited Liability Partnership
Slogan Legal insight. Business instinct.
Website
Bingham.com

Bingham McCutchen LLP was a global law firm with approximately 850 attorneys in nine US offices and five international offices.[3] It represents clients in corporate litigation, antitrust, cross-border restructurings and insolvencies, financing and securities, structured finance and capital markets, government affairs and a wide variety of corporate and technology transactions.

The law firm was named 30th best company to work for in the 2012 Fortune Magazine article, “100 Best Companies to Work For.”[4] This was the eight consecutive year on the list for Bingham McCutchen, which reached 12th in 2010.[5] Bingham McCutchen has also placed among the top 5 in Fortune Magazine's ranking of "Top-Paying Companies" every year since 2006, peaking at #1 in 2013, 2009, and 2008.[6] The firm has been awarded similar accolades by the San Francisco Chronicle, Los Angeles Business Journal, Orange County Business Journal, Washington Business Journal, Crain's New York Business, Boston Business Journal, and Hartford Business Journal.[7][8]

Since 1997, the company has experienced sharp growth in the number of attorneys, offices, and revenues by absorbing other law firms.[2][9] Bingham McCutchen has offices in Beijing, Boston, Hartford, Hong Kong, Lexington, London, Los Angeles, New York, Orange County, San Francisco, Santa Monica, California, Silicon Valley, Tokyo, and Washington, D.C.[3] It also offers consulting services through subsidiaries Bingham Consulting and Bingham Strategic Advisors.[2]

In late 2014 several hundred of Bingham McCutchen's partners and associate lawyers left to join Philadelphia based Morgan Lewis. Both firms denied that the deal was a merger, and appears more in the nature of a mass lateral hire. It is unclear what the hundred or so remaining lawyers will do, but it is expected that the firm will undergo an orderly dissolution outside of bankruptcy.[10]

History[edit]

In the 1990s, old line Boston-based firm Bingham, Dana & Gould embraced a growth strategy that would transform the firm from a regional heavyweight into a national and then international success story. In 1997, Bingham Dana acquired internationally focused boutique law firm Marks & Murase with its list of Japanese clients. Bingham Dana opened in New York City with the 25-lawyer team from Marks. Then the next outpost was established in Hartford, Connecticut through a merger with 55-lawyer Hebb & Gitlin, a firm that concentrated on international bankruptcy work. In 2001, Bingham Dana bulked up in New York City through a merger with Richards & O'Neill, a boutique law firm of 55 attorneys known for its litigation and corporate groups. The next year, in 2002, Bingham Dana merged with San Francisco-based law firm McCutchen, Doyle, Brown & Enersen to form 800-lawyer strong Bingham McCutchen. McCutchen Doyle brought five offices and a strong litigation and intellectual property focus. In 2003, the firm expanded in Southern California by merging with corporate boutique Riordan & McKinzie. More recently, 2006 saw a merger between Bingham McCutchen and Swidler Berlin Shereff Friedman, a Washington, D.C.-based firm which brought greater capabilities in the nation's capital as well as a strong regulatory group. Bingham also launched in Hong Kong that same year. In 2007, the firm acquired Los Angeles litigation shop Alschuler Grossman.

In July 2009, Bingham McCutchen acquired McKee Nelson, a midsize law firm specializing in tax law and structured finance.[11]

The Tokyo office of Bingham McCutchen is one of the largest law firms in Japan due to its 2007 merger with a domestic law firm headed by Hideyuki Sakai, a top insolvency specialist. Unlike most foreign firms in Japan which have minimal domestic practices, Bingham's Tokyo office is predominantly staffed by Japanese attorneys and handles domestic matters such as the restructuring of Olympus Corporation, although it has hired a number of foreign attorneys since 2012 in an attempt to strengthen its outbound and cross-border practice and to expand in other legal fields such as intellectual property and investment funds.[12]

Guantanamo captive representation[edit]

A team of Bingham attorneys and staff, led by Susan Baker Manning and Sabin Willett, has represented pro bono a dozen Uighur men held in extrajudicial detention in the United States Guantanamo Bay detention camps, in Cuba.[13][14][15][16][17] Bingham has filed and extensively litigated numerous habeas corpus cases on behalf of their Uighur clients, as well as cases under the Detainee Treatment Act of 2005 that brought to light serious evidentiary and procedural flaws in the 2004-05 Combatant Status Review Tribunals that were used to justify the Uighurs' ongoing imprisonment. All Bingham clients have subsequently been released.

Notable people[edit]

Recession Performance[edit]

Despite a deep recession which hurt law firms nationwide, the Boston Globe reported that Bingham performed very well financially.[18] In 2009, Bingham's gross revenues increased 12% and profits per partner increased 2%. Chairman Jay Zimmerman was quoted as saying "We’ve had our best year ever."

However, despite an increase in revenues, Bingham froze salaries, and in March 2009 laid off 16 attorneys and 29 support staff.[19] A firm-wide memo explained that the layoffs were necessary to protecting the jobs of the more than 2000 remaining employees, a claim that appears at odds with Bingham's unusually strong performance that year.

Morgan Lewis deal[edit]

In November 2014, 227 of around 300 partners and a similar number of associates joined the firm Morgan Lewis & Bockius. [20]

The remainder of the firm is expected to go into orderly dissolution outside of bankruptcy.[10]

Offices[edit]

Community service[edit]

Bingham McCutchen has made a fifteen-year commitment to provide pro bono legal services to the Harlem Chapter of Say Yes to Education.[22] Bingham attorneys extend their services to the family members of Say Yes students for the duration of the children's time in school.[23]

See also[edit]

References[edit]

  1. ^ "Bingham McCutchen - Company Overview - Hoover's". Hoover's, Inc. 
  2. ^ a b c "Bingham McCutchen - Company Description - Hoover's". Hoover's, Inc. 
  3. ^ a b "Bingham McCutchen | Offices". Bingham web site. Retrieved 2008-01-16. 
  4. ^ "100 Best Companies to Work For 2012: Bingham McCutchen snapshot | FORTUNE". CNN Money. 
  5. ^ "100 Best Companies to Work For: Bingham McCutchen". CNN Money. 
  6. ^ Tseng, Nin-Hai (2013-01-17). "10 top-paying companies: Bingham McCutchen snapshot | FORTUNE". CNN Money. 
  7. ^ "Boston Business Journal, Best Places to Work". 
  8. ^ "Employers of Excellence / #1 Large-Size Company Award Winner: Bingham McCutchen". San Francisco Chronicle. 2005-09-19. Retrieved 2008-01-16. 
  9. ^ "Charting Our Growth". Bingham web site. Retrieved 2008-01-16. 
  10. ^ a b "More Info About The Morgan Lewis / Bingham McCutchen Deal". abovethelaw.com. Retrieved 6 December 2014. 
  11. ^ Beck, Susan (2009-06-09). "Bingham McCutchen acquires McKee Nelson". The American Lawyer (Incisive Media). Retrieved 2009-07-07. 
  12. ^ Brennan, Tom (9 September 2013). "Bingham Aims for Top of Tokyo Pack". The Asian Lawyer. Retrieved 10 September 2013. 
  13. ^ William Glaberson (September 12, 2007). "Officials Cite Danger in Revealing Detainee Data". New York Times. p. A18. Retrieved 2007-09-12. 
  14. ^ Josh White (December 24, 2005). "Detainees Face Limited Access to Courts: But Bill Awaiting Bush Signature Would Shield Terror Suspects from U.S. Abuse". Washington Post. pp. page A04. Retrieved 2008-01-05. 
  15. ^ Sabin Willett (September 27, 2006). "The Innocent Man at Guantanamo". International Herald Tribune. Retrieved 2008-01-19. 
  16. ^ P. Sabin Willett (November 14, 2005). "Detainees Deserve Court Trials". Washington Post. pp. A21. Retrieved 2008-01-19. 
  17. ^ Sabin Willett (December 3, 2007). "I will never leave Guantanamo". Boston Globe. Retrieved 2008-01-19. 
  18. ^ Chellel, Kit (2010-02-05). "Profits soar for law partners". The Boston Globe. 
  19. ^ Elie Mystal (5 March 2009). "Nationwide Layoff Watch: Bingham McCutchen Cuts 39 Overall". Retrieved 28 October 2010. 
  20. ^ David Lat (17 November 2014). "Bingham To Go Bust In Wake Of Morgan Lewis Raid". Retrieved 17 November 2014. 
  21. ^ "Bingham Mccutchen". Retrieved 22 August 2013. 
  22. ^ "Jamie F. Dockray", Bingham McCutchen, bingham.com, accessed December 1, 2010.
  23. ^ "Bingham McCutchen", Say Yes to Education, accessed December 1, 2010.

External links[edit]