Cleary Gottlieb Steen & Hamilton

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Cleary Gottlieb Steen & Hamilton LLP
Cleary.gif
Headquarters One Liberty Plaza
New York City
No. of offices 16
No. of attorneys 1,200+
Major practice areas General practice
Key people Mark Leddy, Managing Partner[1]
Revenue Green Arrow Up.svg$1.131 billion (2012)[2]
Date founded 1946
Company type Limited liability partnership
Website
www.cgsh.com

Cleary Gottlieb Steen & Hamilton LLP is an international law firm headquartered at One Liberty Plaza in New York City. The firm currently has offices in Washington DC, Hong Kong, Beijing, London, Rome, Milan, Brussels, Moscow, Frankfurt, Cologne, Paris, Buenos Aires, São Paulo, Abu Dhabi and Seoul. It employs over 1,200 lawyers worldwide, with its largest office located in New York. Cleary's international practice is well established: it was the first U.S. firm qualified to practice law in Japan, and it has represented governments throughout Latin America. Cleary became one of the first foreign firms to leave the Japanese market while it opened its first Chinese office in Beijing.[3]

History[edit]

The firm was founded in 1946 when six partners—including Henry Friendly—from the firm of Root, Clark, Buckner & Howland (which became Dewey Ballantine in the 1950s and which subsequently became Dewey & LeBoeuf before the latter filed for bankruptcy in New York on May 28, 2012) left Root, Clark to found a firm which they initially called "Cleary, Gottlieb, Friendly, & Cox." Friendly's name was removed from the firm's name after he was appointed as a judge on the United States Court of Appeals for the Second Circuit in 1959.

Offices[edit]

The New York office is situated on the 34th–46th floors of One Liberty Plaza, across the street from the World Trade Center site. Several members of the firm sit on the advisory committee for the development of that site.

Awards[edit]

The firm is consistently rated as one of the top ten most prestigious law firms by Vault.com. Chambers and Partners gives the firm high marks in the following practice areas: Corporate, Litigation, M&A, Private Equity, antitrust, capital markets, employee benefits, real estate, and income tax.

On October 10, 2007, Cleary Gottlieb was included in a ranking of law firms by the national law student group Building a Better Legal Profession.[4][5] The organization ranked firms by billable hours, demographic diversity, and pro bono participation. The results can be found on the organization's website, http://www.betterlegalprofession.org.[6] Cleary scored the highest overall in the New York market for demographic diversity.

Notable mandates[edit]

  • Issuer counsel to the Government of Malaysia in its $750 million eurobond offering in 2002.
  • Counseled Crédit Lyonnais in its €19.5 billion acquisition by Crédit Agricole SA in December 2002. The entity is now known as LCL (Le Crédit Lyonnais).
  • In 2003, the firm advised Deutsche Telekom in its €2.3 billion bond offer.
  • Advised Argentina in the 2005 restructuring of its $81.8 billion global debt.
  • Retained as legal counsel by Euronext NV in its €15 billion merger of equals with the New York Stock Exchange in 2006.
  • In 2007, Cleary Gottlieb served as legal adviser to T-Mobile in its $2.4 billion merger with SunCom Wireless.
  • Defended the Republic of Congo in litigation in the United States arising from attempts to garnish Congo's oil royalties.
  • Represented Mittal Steel Czech subsidiary in ICC arbitration claim brought by Dutch contractor.
  • Advised Google in its acquisition of Motorola Mobility.
  • In 2012, Cleary Gottlieb acted as international counsel to Greece in a liability management exercise, its financing transactions with the European Financial Stability Facility which involve debt facilities in excess of €150 billion as well as other transactions, such as the €35 billion securities purchase transaction between Greece and the European Central Bank. Also in 2012, Cleary Gottlieb acted as international counsel to The Hellenic Republic in connection with its invitation, launched on February 24, relating to approximately €206 billion face amount of Greek bonds held by private sector holders, the largest ever sovereign debt restructuring and the largest ever bond exchange.

Notable lawyers[edit]

Some of the notable attorneys who have practiced at Cleary, Gottlieb, Steen & Hamilton LLP include George W. Ball, Henry Friendly, and Melvin Steen. Current notable attorneys include former two-time SEC general counsel David M. Becker; former president of the New York City Bar Association, Evan A. Davis; former SEC general counsel Giovanni Prezioso; capital markets lawyer Leslie N. Silverman.

References[edit]

  1. ^ http://www.cgsh.com/cleary_gottlieb_elects_mark_leddy_managing_partner/
  2. ^ http://www.americanlawyer.com/id=1202596371400. Retrieved 2013-01-15.  Missing or empty |title= (help)
  3. ^ The Lawyer Global 100 2006 Cleary Gottlieb Steen & Hamilton Profile http://www.thelawyer.com/global100/2006/clearygottliebsteen.html
  4. ^ Amir Efrati, You Say You Want a Big-Law Revolution, Take II, "Wall Street Journal", October 10, 2007.
  5. ^ Adam Liptak, In Students’ Eyes, Look-Alike Lawyers Don’t Make the Grade, New York Times, October 29, 2007, http://www.nytimes.com/2007/10/29/us/29bar.html?em&ex=1193889600&en=4b0cd84261ffe5b4&ei=5087%0A
  6. ^ Thomas Adcock and Zusha Elinson, Student Group Grades Firms On Diversity, Pro Bono Work, "New York Law Journal," October 19, 2007, http://www.law.com/jsp/nylj/PubArticleNY.jsp?hubtype=BackPage&id=1192698212305


External links[edit]