Skadden, Arps, Slate, Meagher & Flom
|Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates|
|Headquarters||Condé Nast Building
New York City
|No. of offices||22|
|No. of attorneys||1,886 |
|No. of employees||4,500 (estimate)|
|Major practice areas||Mergers and acquisitions, litigation and arbitration, corporate finance, corporate restructuring, securities law, banking, project finance, energy and infrastructure, antitrust, tax and intellectual property, among others|
|Revenue||US$ 2.17 billion (2011)|
|Date founded||April 1, 1948|
|Founder||Marshall Skadden, John Slate, and Les Arps|
|Company type||Limited liability partnership|
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (often shortened to Skadden Arps; Skadden; or SASM&F), founded in 1948, is a law firm based in New York City. With nearly 2,000 attorneys, it is one of the largest, most prestigious  and highest-grossing law firms in the world. Forbes magazine called Skadden "Wall Street's most powerful law firm," and the firm has been named as America's best Corporate Law firm every year since 2001.
- 1 Size
- 2 Reputation
- 3 Key people
- 4 History
- 5 Locations
- 6 Skadden Fellowship Foundation
- 7 Notable alumni
- 8 Political contributions
- 9 Further reading
- 10 References
- 11 External links
Ranking among law firms by revenue
Ranking among law firms by number of attorneys
Skadden has about 1,886  attorneys in 23 offices. The total number of employees is nearly 4,200. In number of attorneys, Skadden is the second-largest law firm in the state of New York, the sixth largest in the United States, and the tenth largest in the world.
Ranking among all private U.S. companies by revenue
It is regarded to be the 4th most prestigious law firm to work for in the United States (Rankings Vault, 2013) and according to the advisory firm FTI Consulting, Skadden has been named as the America's best Corporate Law firm in 2013 (a position held since 2001). Although called a sweatshop by some, Skadden is also known for its generous attorney compensation. Like other top national firms, it pays its first-year associates $160,000. This does not include the annual discretionary bonus.
As of February 2011, there are 432 partners at Skadden. Unlike some firms which have introduced two-tier partnerships with equity and non-equity partners, Skadden maintains a one-tier partnership, in which all partners are equity partners and share ownership of the firm. Among the more notable partners are:
- Greg Craig, former White House Counsel to President Obama, heads the firm's global policy and litigation strategy group.
- Judith Kaye, former Chief Judge of the State of New York, is of counsel, and in March 2010 was tapped to lead the investigation of New York Governor David Patterson.
- Bruce Buck, chairman of Chelsea Football Club, partner in charge of firm's European offices.
- 1948 — The firm was founded in New York by Marshall Skadden, John Slate and Les Arps.
- 1954 — Joseph Flom became a partner.
- 1959 — William Meagher joined the firm. Elizabeth Head, the firm's first female attorney, was hired.
- 1961 — The firm's name became Skadden, Arps, Slate, Meagher & Flom.
- 1973 — The firm opened its Boston office, the firm's second.
- 1981 — Peggy Kerr became the first female partner.
- 1985 — Skadden became one of the U.S.'s three largest law firms.
- 1987 — The firm opened its first international office in Tokyo.
- 1988 — The firm founded the Skadden Fellowship Foundation.
- 2000 — New York City headquarters moved to Four Times Square, also called the Condé Nast Building.
- 2011 — Joseph Flom, the last living name partner dies.
Skadden Fellowship Foundation
Through the Skadden Fellowship Foundation, the firm sponsors law school graduates who wish to practice public interest law. The foundation was established in 1988 at the time of the firm's 40th anniversary. The Los Angeles Times has called the program "a legal Peace Corps." Fellows work with a sponsoring organization in the field of providing legal services to the poor, the elderly, the homeless, the disabled, and the disenfranchised. Skadden pays fellows a salary of $46,000 (as of 2006), plus all fringe benefits the sponsoring organization offers its employees. As of 2006, the firm has awarded 473 fellowships.
In addition to numerous professors and partners, both at Skadden and other firms, some of the more notable former Skadden attorneys include:
- Cyrus Amir-Mokri, current Assistant Secretary of the Treasury for Financial Institutions of the U.S. Treasury Department.
- Preeta D. Bansal, former General Counsel for the federal Office of Management and Budget; former Solicitor General of the State of New York
- George B. Daniels, judge, United States District Court for the Southern District of New York (2000–)
- Mark Filip, former Acting Attorney General and Deputy Attorney General of the United States; former judge, United States District Court for the Northern District of Illinois
- Patrick J. Fitzgerald, former United States Attorney, Northern District of Illinois (2001-2012)
- Greg Giraldo, international comedian
- Robert Reynolds, manager of multi-platinum, international recording artists The Killers and Brandon Flowers
- Irving S. Shapiro, former CEO, DuPont
- Eliot Spitzer, former Governor of New York, and his wife, Silda Wall Spitzer
- Leo Strine, Chancellor (2011–) and former Vice-Chancellor (1998–2011), Delaware Court of Chancery
- Laura Ingraham, conservative talk radio host
- Chad S. Johnson, former President of the Stonewall Democrats
- Faryar Shirzad, Managing Director and Global Head of Government Affairs at Goldman Sachs
- Keith Gottfried, General Counsel for the U.S. Department of Housing and Urban Development (2005–)
- John Feerick, former Dean of Fordham University School of Law
- Robert Del Tufo, former New Jersey Attorney General
- Douglas Rediker, U.S. Alternate Executive Director, International Monetary Fund (2010–)
- Mary L. Smith, current official, United States Department of Justice Civil Division; former nominee, Assistant Attorney General, United States Department of Justice Tax Division
- Robert W. Sweet, judge, United States District Court for the Southern District of New York (1978–, senior status 1991–)
- William H. Timbers, former judge, United States Court of Appeals for the Second Circuit (1971–1981, senior status 1981–1994); Chief Judge (1964–1971), judge (1960–1971), United States District Court for the District of Connecticut
Skadden partners and employees tend to support and contribute more to Democratic political candidates than to Republicans.
- Caplan, Lincoln (1993). Skadden: Power, Money, and the Rise of a Legal Empire. New York: Farrar Straus Giroux. ISBN 0-374-26566-6.
- "How Skadden Does It", Andrew Longstreth, The American Lawyer, May 2006.
- "ILRG Largest 250 Law Firms in the US". Ilrg.com. Retrieved 2011-12-03.
- Practices - Skadden, Arps
- "Skadden, Cleary, Simpson and Davis Polk see revenues rise in 2011". Law.com. Retrieved 2012-03-19.
- "The Am Law Global 100" from The American Lawyer 2011 (free registration required)
- "The Global 100 2010: The World's Highest Grossing Law Firms". The American Lawyer. Incisive Media US Properties, LLC. Retrieved 2012-02-03.
- "Offices - Skadden, Arps". Skadden.com. Retrieved 2011-12-04.
- Forbes Largest Private Companies 1996
- Forbes Largest Private Companies 2003
- "#213 Skadden, Arps". Forbes. November 3, 2010.
- Skadden Arps Slate Meagher & Flom & Affiliates: Vault Career and Industry Guides
- "Skadden Bumps Up Associate Pay to $160,000" from Legal Times January 25, 2007
- Skadden > Attorneys
- "How Skadden Does It", Andrew Longstreth, The American Lawyer, May 2006
- Professionals - Skadden, Arps
- Skadden Fellowship Foundation: About the Foundation
- "Greg Giraldo - Wikipedia, the free encyclopedia". En.wikipedia.org. Retrieved 2011-12-03.
- Eliot Spitzer biography from official New York State government web site
- Silda Wall Spitzer biography from official New York State government web site
- "Faryar Shirzad - Wikipedia, the free encyclopedia". En.wikipedia.org. Retrieved 2011-12-03.
- "Fundrace 2008 Campaign Donations, Huffington Post
- "The New Fat Cats" from Business Week Online April 12, 2004
- "Business leaders for Kerry" from St. Petersburg Times August 5, 2004
- Barack Obama : : Change We Can Believe In | Event | Times Square Phone Bank
- Barack Obama : : Change We Can Believe In | Event | Times Square Phone Bank - LAST PUSH
- Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates Web Site
- Skadden Fellowship Foundation
- See this firm's profile on Martindale.com
- Martindale.com augmented information with third-party sourced data to present a more comprehensive overview of the firm's expertise
- Hoover's Profile
- Vault Profile
- Yahoo! Finance Profile
- The Legal 500 US Rankings