Cadwalader, Wickersham & Taft
|Cadwalader, Wickersham & Taft LLP|
|Headquarters||One World Financial Center
New York City
|No. of offices||8|
|No. of attorneys||578|
|Major practice areas||Full-Service Law Firm|
|Date founded||1792 (New York City)|
Cadwalader, Wickersham & Taft LLP is one of the oldest continuously operating law firms in the United States. Established in New York City in 1792, Cadwalader has since opened offices around the world. The firm is highly rated by Chambers and Partners in the areas of competition law (antitrust in the United States) capital markets, bankruptcy, real estate, insurance, and income tax.
Founding and History
In 1792, Cadwalader was founded by an orphan, John Wells, in Lower Manhattan. In 1818, Wells established one of the first U.S. law partnerships with George Washington Strong. Upon Wells' death in 1823, Strong asked George Griffin to join him as his partner. This partnership lasted until 1838, when they separated amicably, and Strong entered into a new partnership with Marshall Bidwell. In the same year, Strong's son, George Templeton Strong, joined the firm as a clerk; he became a partner in 1845. When George Washington Strong died in 1855, the firm was renamed Bidwell & Strong by virtue of Bidwell's more senior status, but over the following years it was George Templeton Strong who became the more prominent.
Strong became disillusioned with legal practice toward the end of his life, the final straw being Bidwell's death in late 1872. Strong resigned from the firm at the end of that year, leaving it in the hands of his cousin Charles E. Strong. Charles Strong wished to form a partnership with his friend John Lambert Cadwalader, but this had to wait until 1878, due to Cadwalader's appointment as assistant secretary of state.
Henry W. Taft joined the firm in 1889 and became a partner in 1899. His special expertise in antitrust matters led to his appointment, in 1905, as Special Assistant to the United States Attorney for the Southern District of New York, to supervise the government's case against the American Tobacco Company. He returned to the firm in 1907.
George W. Wickersham joined the firm in 1883, and became a partner in 1887. In 1909 he was appointed United States Attorney General by President William Howard Taft, brother of Henry W. Taft. When he returned to the firm in 1914 it was renamed Cadwalader, Wickersham & Taft, Strong having died in 1897.
According to a 2009 survey by The American Lawyer, Cadwalader had profits per partner of $2.41 million in 2009, up 28% from 2008. Cadwalader's fortunes suffered in 2008 as its once-booming mortgage-backed securities business, which catapulted it to the top of the profits per partner charts in 2006, dried up in the 2007–2008 credit crisis.
Vault ranked Cadwalader 31st in its 2013 list of the 100 most prestigious law firms in the United States.
Names of the firm
During its history, Cadwalader, Wickersham & Taft has been known by a number of names:
- John Wells (1792–1818)
- Wells & Strong (1818–1823)
- Griffin & Strong (1823–1837)
- Griffin, Strong & Griffin (1837–1838)
- Strong & Bidwell (1838–1845)
- Strong, Bidwell & Strong (1845–1855)
- Bidwell & Strong (1855–1873)
- Charles E. Strong (1873–1878)
- Strong & Cadwalader (1878–1914)
- Cadwalader, Wickersham & Taft (1914–present)
The firm became a limited liability partnership in 2004.
- New York City (One World Financial Center)
- Charlotte, North Carolina
- Washington, DC
- Hong Kong
- Amy Kolz (January 31, 2012). "THE AM LAW 100: Cadwalader Posts Higher Profits, Lower Revenue". The Am Law Daily. Retrieved February 2, 2012. Results for 2009.
- "History". official web page. Cadwalader, Wickersham & Taft. March 12, 2011.
- "International Financial Law Review 1000 Ranks Cadwalader Among Top Financial Law Firms". News Release. October 5, 2006. Retrieved March 12, 2011.
- "Chambers and Partners".
- Deborah S. Gardner (1994). Cadwalader, Wickersham & Taft: A Bicentennial History 1792-1992. Cadwalader, Wickersham & Taft.
- Cadwalader, Wickersham & Taft home page
- Cadwalader, Wickersham & Taft LLP Company Profile on Yahoo Finance
- Cadwalader, Wickersham & Taft Takes Collaboration Online With IntraLinks; Leading Law Firm Increases Speed and Efficiency While Reducing Costs
- Answers.com profile
- Does the Future Belong to Cadwalader