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{{Redirect|L&W|the British publishing company|Lawrence and Wishart}}
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{{pp-dispute}}
{{pp-protected|small=yes}}
{{Infobox company|
{{redirect|L&W|the British publishing company|Lawrence and Wishart}}
{{Infobox_Company |
company_name = Latham & Watkins|
company_name = Latham & Watkins|
company_logo = [[Image:Latham&Watkins.JPG|220px|Latham & Watkins]] |
company_logo = [[Image:Latham&Watkins.JPG|220px|Latham & Watkins]] |
company_type = [[LLP|Limited liability partnership]]|
company_type = [[LLP|Limited liability partnership]]|
foundation = [[1934]] |
foundation = [[1934]] |
location = 29 offices - Los Angeles, CA|
location = 29 offices - Los Angeles, CA|
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Latham has historically been one of the most profitable law firms. In 2008, Latham & Watkins became the first US-based law firm to attain more than $2 billion in yearly revenue.<ref>Ashby Jones, [http://online.wsj.com/article/SB120269357869457865.html "Latham & Watkins Breaks $2 Billion Revenue Barrier"], ''Wall Street Journal'', February 11, 2008.</ref>
Latham has historically been one of the most profitable law firms. In 2008, Latham & Watkins became the first US-based law firm to attain more than $2 billion in yearly revenue.<ref>Ashby Jones, [http://online.wsj.com/article/SB120269357869457865.html "Latham & Watkins Breaks $2 Billion Revenue Barrier"], ''Wall Street Journal'', February 11, 2008.</ref>


== Recognition ==
== History==


Dana Latham and Paul Watkins founded Latham & Watkins in January 1934 in Los Angeles, California. Latham's practice focused on US state and federal tax law and he eventually served as Commissioner of the US Internal Revenue Service under President Dwight Eisenhower. Watkins' practise focused primarily on labor. Although Latham & Watkins began with a focus on labor and tax law, the firm has grown into an international, full-service law practice with highly regarded practices in transactional, disputes and regulatory areas.<ref name="latham.com">http://www.latham.com/AboutLatham.aspx?page=75thAnniversary accessed May 19, 2010.</ref>
''[[The American Lawyer]]'''s 2008 "A-list" ranked Latham & Watkins 2nd in the nation out of more than 200 firms [http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1202422145792] taking into account factors such as revenue per lawyer, pro bono, diversity and associate satisfaction. It ranked 7th in the 2009 [[Vault (company)|Vault]] Prestige List, a survey that asks law firm associates to rank the perceived prestige of the major law firms [http://www.vault.com/nr/lawrankings.jsp?law2007=2&ch_id=242&top100=1]. Further, in 2007 the Vault ranked Latham as one of the "Best 20 Firms to Work For," one of only three large firms with New York offices to make the list.[http://www.vault.com/nr/lawrankings.jsp?law2007=6&ch_id=242&best20=1].

When Latham & Watkins was founded, the firm consisted of three attorneys. The firm grew slowly, and, in 1960, there were 19 attorneys. The firm grew significantly in the 1960s, increasing the attorney headcount to 46 in 1970.<ref name="latham.com"/>

In the late 1960s and early 1970s, the Latham & Watkins utilized a system of internal committees to run the firm and allowed associates to participate in the majority of these committees. The Associates Committee was founded in 1971 and governs the career development of the firm's associates. The Associates Committee includes both associates and partners. Through this committee, Latham & Watkins includes associates in the promotion process. Associates are also involved in the Diversity Committee, Recruiting Committee, Pro Bono Committee and TACE (Training and Career Enhancement) Committee.<ref name="latham.com"/>

Jack Walker became the firm's managing partner in 1988 and set out to grow the firm. Latham & Watkins expanded into San Francisco, London, Moscow, Hong Kong and New Jersey. Bob Dell took over as managing partner in 1994 and remains in that position presently. Dell's tenure has been marked by the firm's international growth.<ref name="latham.com"/>

In early 2009 Latham laid off 190 lawyers and 250 staff members<ref>http://abovethelaw.com/2009/02/nationwide-layoff-watch-latham-cuts-440-190-associates-250-staff/</ref><ref>http://amlawdaily.typepad.com/amlawdaily/2009/02/official-latham-to-cut-190-associates-250-staff-.html</ref> in the largest layoff to date by an American law firm.<ref>http://blogs.wsj.com/law/2009/02/27/law-firm-layoff-watch-latham-cuts-190-lawyers-250-staff/tab/article/</ref> The AmLaw Daily stated that the layoffs were "the most dramatic cuts announced so far by an Am Law 100 firm.<ref>http://amlawdaily.typepad.com/amlawdaily/2009/02/official-latham-to-cut-190-associates-250-staff-.html</ref>.

== Recognition ==


''[[The American Lawyer]]'''s 2009 "A-list" ranked Latham & Watkins 3rd in the nation out of more than 200 firms [http://abovethelaw.com/2009/06/the-am-law-a-list-isnt-kind-to-laid-off-associates/] taking into account factors such as revenue per lawyer, pro bono, diversity and associate satisfaction. It ranked 17th in the 2010 Vault.com Top Law Firms List, a survey that asks law firm associates to rank the perceived prestige of the major law firms.<ref name="law.com">Vault.com, "Law Firm Rankings: Top 100 Law Firms," 2010, http://www.law.com/jsp/nylj/PubArticleNY.jsp?hubtype=BackPage&id=1192698212305 accessed 2010-05-19</ref> This ranking represented a drop of ten spots from its 2009 ranking,<ref name="law.com"/> a drop which Vault.com's managing editor called "unprecedented".<ref>Vault.com, "Official New Vault Rankings," Mystal, Elie, August 18, 2009, http://abovethelaw.com/2009/08/official-new-vault-rankings/ accessed 2010-05-20</ref> In 2007, Vault.com ranked Latham as one of the "Best 20 Firms to Work For," one of only three large firms with New York offices to make the list.[http://www.vault.com/nr/lawrankings.jsp?law2007=6&ch_id=242&best20=1]. However, in 2009 and 2010, Latham & Watkins was not included on the list of "Best 20 Firms to Work For" while 13 large firms with New York offices made the list.<ref>Vault.com, "Top 20 Firms to Work for," 2010, http://www.vault.com/wps/portal/usa/companies/rankings?routerControllerName=selectRankingIndividualController&action=viewRankingIndividual&parentId=1&rankingId1=27&rankingId2=27&rankings=2&rankingYear=&regionId=0&showVaultAllRankingPortlet=true&showVaultRegionalRankingPortlet=true&routerSignalFromVaultAllRankingPortlet=false&routerSignalFromViewRankingIndexPage=true accessed 2010-05-19</ref>
Latham was ranked first by Legal500, along with two other firms in the U.S., for project finance. Latham was also identified in the December 2006 issue of ''The American Lawyer'' as the Am Law 200's "most admired firm." ''Legal Business'' magazine awarded Latham the coveted title "Law Firm of the Decade" for its ability to handle the immense challenges posed by the legal industry globally over the last ten years and its financial and strategic success during the period.


Latham was ranked first by Legal500, along with two other firms in the U.S., for project finance.{{Citation needed|date=May 2010}} Latham was also identified in the December 2006 issue of ''The American Lawyer'' as the Am Law 200's "most admired firm."{{Citation needed|date=May 2010}} ''Legal Business'' magazine awarded Latham the coveted title "Law Firm of the Decade" for its ability to handle the immense challenges posed by the legal industry globally over the last ten years and its financial and strategic success during the period. {{Citation needed|date=May 2010}}
On October 10, 2007, Latham & Watkins was included in a ranking of law firms by the national law student group [[Building a Better Legal Profession]].<ref>Amir Efrati, You Say You Want a Big-Law Revolution, Take II, "Wall Street Journal", October 10, 2007.</ref><ref>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</ref> 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.<ref>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</ref>


At the ''2008 ALB SE Asia Law Awards''<ref name="legalbusinessonline.com.au">www.legalbusinessonline.com.au</ref>, Latham & Watkins was crowned:
At the ''2008 ALB SE Asia Law Awards''<ref name="legalbusinessonline.com.au">www.legalbusinessonline.com.au</ref>, Latham & Watkins was crowned:
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==Notable clients and cases==
==Notable clients and cases==
*Represented [[Metro-Goldwyn-Mayer]] Inc. in its $4.84 billion sale to the [[Sony Corporation]] in cooperation with [[Providence Equity Partners]] Inc, [[Texas Pacific Group]] Inc, DLJ Merchant Banking Partners and [[Comcast Corporation]] (September 2004).<ref>{{cite news
*Represented [[Metro-Goldwyn-Mayer]] Inc. in its $4.84 billion sale to the [[Sony Corporation]] in cooperation with [[Providence Equity Partners]] Inc, [[Texas Pacific Group]] Inc, DLJ Merchant Banking Partners and [[Comcast Corporation]] (September 2004).<ref>{{cite news
| last =
| last =
| first =
| first =
| coauthors =
| coauthors =
| title = $4.84 billion acquisition
| title = $4.84 billion acquisition
| work =
| work =
| pages =
| pages =
| language =
| language =
| publisher = International Law Office
| publisher = International Law Office
| date = [[2004 September 13]]
| date = [[2004 September 13]]
| url = http://www.internationallawoffice.com/deals/Detail.aspx?g=f7908b8d-ba66-4532-886a-9b6a159cd217 | accessdate = [[2009 October 18]] }}</ref>
| url = http://www.internationallawoffice.com/deals/Detail.aspx?g=f7908b8d-ba66-4532-886a-9b6a159cd217 | accessdate = [[2009 October 18]] }}</ref>
*Advised [[Bayer]] AG in its successful 2006 €16.4 billion [[white knight]] takeover offer for Schering AG pharmaceuticals.<ref>{{cite news
*Advised [[Bayer]] AG in its successful 2006 €16.4 billion [[white knight]] takeover offer for Schering AG pharmaceuticals.<ref>{{cite news
| last =
| last =
| first =
| first =
| coauthors =
| coauthors =
| title = Rise of Latham & Watkins
| title = Rise of Latham & Watkins
| work = Vol. 7, No. 1.
| work = Vol. 7, No. 1.
| pages =
| pages =
| language =
| language =
| publisher = M&A Journal
| publisher = M&A Journal
| date = [[2007 March 31]]
| date = [[2007 March 31]]
| url = http://www.lw.com/upload/pubContent/_pdf/pub1816_1.pdf | accessdate = [[2009 October 18]] }}</ref>
| url = http://www.lw.com/upload/pubContent/_pdf/pub1816_1.pdf | accessdate = [[2009 October 18]] }}</ref>
*Legal counsel to [[bookrunner]]s and arrangers [[Deutsche Bank]] Securities Inc, [[Goldman Sachs]] International and [[Merrill Lynch]] International in $2 billion Rule 144A/Regulation S notes offer for [[ICICI Bank]] Ltd, through its [[Bahrain]] branch (Oct. 2007). This transaction was shortlisted for the Asia Law India award in the category capital markets.<ref>{{cite news
*Legal counsel to [[bookrunner]]s and arrangers [[Deutsche Bank]] Securities Inc, [[Goldman Sachs]] International and [[Merrill Lynch]] International in $2 billion Rule 144A/Regulation S notes offer for [[ICICI Bank]] Ltd, through its [[Bahrain]] branch (Oct. 2007). This transaction was shortlisted for the Asia Law India award in the category capital markets.<ref>{{cite news
| last =
| last =
| first =
| first =
| coauthors =
| coauthors =
| title = India Awards
| title = India Awards
| work =
| work =
| pages =
| pages =
| language =
| language =
| publisher = Asia Law
| publisher = Asia Law
| date = [[2008 December]]
| date = [[2008 December]]
Line 81: Line 91:
}}</ref>
}}</ref>
*Advised [[Yahoo!]] Inc. in the definitive agreement to acquire Arabic language online portal [[Maktoob]] in August 2009. Financial terms were not disclosed.<ref>{{Cite news
*Advised [[Yahoo!]] Inc. in the definitive agreement to acquire Arabic language online portal [[Maktoob]] in August 2009. Financial terms were not disclosed.<ref>{{Cite news
| last =
| last =
| first =
| first =
| title =
| title =
| work = Mideast Legal Business Online
| work = Mideast Legal Business Online
| accessdate = 2009-10-17
| accessdate = 2009-10-17
Line 95: Line 105:
*[[Maureen Mahoney]] - Former Deputy Solicitor General in 1991, represented the [[University of Michigan]] before the [[U.S. Supreme Court]] in ''[[Grutter v. Bollinger]]''.
*[[Maureen Mahoney]] - Former Deputy Solicitor General in 1991, represented the [[University of Michigan]] before the [[U.S. Supreme Court]] in ''[[Grutter v. Bollinger]]''.
*[[Philip Perry]], was [[United States Department of Homeland Security|Dept. of Homeland Security]]<ref>[http://www.dhs.gov/dhspublic/display?theme=11&content=5659]</ref> General Counsel, now a partner in the litigation department and chair of the Public Policy practice group. He is married to [[Elizabeth Cheney]], attorney, diplomat and daughter of [[Vice President of the United States|Vice President]] [[Dick Cheney]].
*[[Philip Perry]], was [[United States Department of Homeland Security|Dept. of Homeland Security]]<ref>[http://www.dhs.gov/dhspublic/display?theme=11&content=5659]</ref> General Counsel, now a partner in the litigation department and chair of the Public Policy practice group. He is married to [[Elizabeth Cheney]], attorney, diplomat and daughter of [[Vice President of the United States|Vice President]] [[Dick Cheney]].
*[[David J. Schindler]] – convicted hackers [[Justin Tanner Petersen]], [[Kevin Mitnick]], and [[Kevin Poulsen]]<ref>{{cite news
*[[David J. Schindler]] – convicted hackers [[Justin Tanner Petersen]], [[Kevin Mitnick]], and [[Kevin Poulsen]]<ref>{{cite news
| last = Bowman
| last = Bowman
| first = Lisa
| first = Lisa
| coauthors =
| coauthors =
| title = Schindler heads toward life post-Mitnick
| title = Schindler heads toward life post-Mitnick
| work =
| work =
| pages =
| pages =
| language =
| language =
| publisher = ZD Net
| publisher = ZD Net
| date = [[1999 October 3]]
| date = [[1999 October 3]]
| url = http://news.zdnet.com/2100-9595_22-501417.html
| url = http://news.zdnet.com/2100-9595_22-501417.html
| accessdate = [[2008 April 24]] }}
| accessdate = [[2008 April 24]] }}
</ref>.
</ref>.
*[[Joshua Stein]]- One of the leading writers on commercial real estate law in the US as well as a leading practitioner. Editor of the website Real-Estate-Law.com [http://www.real-estate-law.com/index_static.php].
*[[Joshua Stein]]- One of the leading writers on commercial real estate law in the US as well as a leading practitioner. Editor of the website Real-Estate-Law.com [http://www.real-estate-law.com/index_static.php].


Line 125: Line 135:
*[[Bill Wehrum]], acting Assistant Administrator, Office of Air & Radiation [[United States Environmental Protection Agency]]
*[[Bill Wehrum]], acting Assistant Administrator, Office of Air & Radiation [[United States Environmental Protection Agency]]
*[[James J. White]], Robert A. Sullivan Professor of Law at the University of Michigan Law School and author of a treatise on the Uniform Commercial Code (with Summers)
*[[James J. White]], Robert A. Sullivan Professor of Law at the University of Michigan Law School and author of a treatise on the Uniform Commercial Code (with Summers)
*[[Beth Wilkinson]] - Prosecutor in the [[Oklahoma City bombing]] case, former General Counsel of [[FannieMae].
*[[Beth Wilkinson]] - Prosecutor in the [[Oklahoma City bombing]] case, former General Counsel of [[FannieMae]].


==References==
==References==
{{reflist|2}}
{{Reflist|2}}


==External links==
==External links==
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[[Category:Law firms based in Los Angeles, California]]
[[Category:Law firms based in Los Angeles, California]]
[[Category:Foreign law firms with offices in Hong Kong]]
[[Category:Foreign law firms with offices in Hong Kong]]

[[cy:Latham & Watkins LLP]]
[[cy:Latham & Watkins LLP]]

Revision as of 21:34, 24 May 2010

Latham & Watkins
Company typeLimited liability partnership
IndustryLegal services
Founded1934
Headquarters29 offices - Los Angeles, CA
Key people
Robert Dell, Chairman and Managing Partner
ProductsFull legal services
RevenueN/A
Number of employees
Approximately 2,000 Attorneys
Websitewww.lw.com

Latham & Watkins LLP is a global law firm, one of the largest in the world. Latham currently employs approximately 2,000 attorneys in the United States, Europe, the Middle East and Asia.[1] The firm was started in Los Angeles in 1934 and has extensive California roots, but its largest office is now in New York City.

Latham has historically been one of the most profitable law firms. In 2008, Latham & Watkins became the first US-based law firm to attain more than $2 billion in yearly revenue.[2]

History

Dana Latham and Paul Watkins founded Latham & Watkins in January 1934 in Los Angeles, California. Latham's practice focused on US state and federal tax law and he eventually served as Commissioner of the US Internal Revenue Service under President Dwight Eisenhower. Watkins' practise focused primarily on labor. Although Latham & Watkins began with a focus on labor and tax law, the firm has grown into an international, full-service law practice with highly regarded practices in transactional, disputes and regulatory areas.[3]

When Latham & Watkins was founded, the firm consisted of three attorneys. The firm grew slowly, and, in 1960, there were 19 attorneys. The firm grew significantly in the 1960s, increasing the attorney headcount to 46 in 1970.[3]

In the late 1960s and early 1970s, the Latham & Watkins utilized a system of internal committees to run the firm and allowed associates to participate in the majority of these committees. The Associates Committee was founded in 1971 and governs the career development of the firm's associates. The Associates Committee includes both associates and partners. Through this committee, Latham & Watkins includes associates in the promotion process. Associates are also involved in the Diversity Committee, Recruiting Committee, Pro Bono Committee and TACE (Training and Career Enhancement) Committee.[3]

Jack Walker became the firm's managing partner in 1988 and set out to grow the firm. Latham & Watkins expanded into San Francisco, London, Moscow, Hong Kong and New Jersey. Bob Dell took over as managing partner in 1994 and remains in that position presently. Dell's tenure has been marked by the firm's international growth.[3]

In early 2009 Latham laid off 190 lawyers and 250 staff members[4][5] in the largest layoff to date by an American law firm.[6] The AmLaw Daily stated that the layoffs were "the most dramatic cuts announced so far by an Am Law 100 firm.[7].

Recognition

The American Lawyer's 2009 "A-list" ranked Latham & Watkins 3rd in the nation out of more than 200 firms [2] taking into account factors such as revenue per lawyer, pro bono, diversity and associate satisfaction. It ranked 17th in the 2010 Vault.com Top Law Firms List, a survey that asks law firm associates to rank the perceived prestige of the major law firms.[8] This ranking represented a drop of ten spots from its 2009 ranking,[8] a drop which Vault.com's managing editor called "unprecedented".[9] In 2007, Vault.com ranked Latham as one of the "Best 20 Firms to Work For," one of only three large firms with New York offices to make the list.[3]. However, in 2009 and 2010, Latham & Watkins was not included on the list of "Best 20 Firms to Work For" while 13 large firms with New York offices made the list.[10]

Latham was ranked first by Legal500, along with two other firms in the U.S., for project finance.[citation needed] Latham was also identified in the December 2006 issue of The American Lawyer as the Am Law 200's "most admired firm."[citation needed] Legal Business magazine awarded Latham the coveted title "Law Firm of the Decade" for its ability to handle the immense challenges posed by the legal industry globally over the last ten years and its financial and strategic success during the period. [citation needed]

At the 2008 ALB SE Asia Law Awards[11], Latham & Watkins was crowned:

  • Deal of the Year - Project Finance Deal of the Year
  • Deal of the Year - Equity Market Deal of the Year

At the 2008 ALB China Law Awards[11], Latham & Watkins was crowned:

  • Deal of the Year - Project Finance Deal of the Year

Notable clients and cases

Notable attorneys

Offices

Latham currently has 1,900 attorneys throughout its offices in: Abu Dhabi, Beijing, Barcelona, Brussels, Chicago, Dubai, Doha, Frankfurt, Hamburg, Hong Kong, Houston, London, Los Angeles, Madrid, Milan, Moscow, Munich, New Jersey, New York City, Costa Mesa, California, Rome, Riyadh,Paris, San Diego, San Francisco, Shanghai, Silicon Valley(Menlo Park), Singapore, Tokyo and Washington D.C.

Notable alumni

References

  1. ^ http://www.lw.com/Attorneys.aspx
  2. ^ Ashby Jones, "Latham & Watkins Breaks $2 Billion Revenue Barrier", Wall Street Journal, February 11, 2008.
  3. ^ a b c d http://www.latham.com/AboutLatham.aspx?page=75thAnniversary accessed May 19, 2010.
  4. ^ http://abovethelaw.com/2009/02/nationwide-layoff-watch-latham-cuts-440-190-associates-250-staff/
  5. ^ http://amlawdaily.typepad.com/amlawdaily/2009/02/official-latham-to-cut-190-associates-250-staff-.html
  6. ^ http://blogs.wsj.com/law/2009/02/27/law-firm-layoff-watch-latham-cuts-190-lawyers-250-staff/tab/article/
  7. ^ http://amlawdaily.typepad.com/amlawdaily/2009/02/official-latham-to-cut-190-associates-250-staff-.html
  8. ^ a b Vault.com, "Law Firm Rankings: Top 100 Law Firms," 2010, http://www.law.com/jsp/nylj/PubArticleNY.jsp?hubtype=BackPage&id=1192698212305 accessed 2010-05-19
  9. ^ Vault.com, "Official New Vault Rankings," Mystal, Elie, August 18, 2009, http://abovethelaw.com/2009/08/official-new-vault-rankings/ accessed 2010-05-20
  10. ^ Vault.com, "Top 20 Firms to Work for," 2010, http://www.vault.com/wps/portal/usa/companies/rankings?routerControllerName=selectRankingIndividualController&action=viewRankingIndividual&parentId=1&rankingId1=27&rankingId2=27&rankings=2&rankingYear=&regionId=0&showVaultAllRankingPortlet=true&showVaultRegionalRankingPortlet=true&routerSignalFromVaultAllRankingPortlet=false&routerSignalFromViewRankingIndexPage=true accessed 2010-05-19
  11. ^ a b www.legalbusinessonline.com.au
  12. ^ "$4.84 billion acquisition". International Law Office. 2004 September 13. Retrieved 2009 October 18. {{cite news}}: Check date values in: |accessdate= and |date= (help); Cite has empty unknown parameter: |coauthors= (help)
  13. ^ "Rise of Latham & Watkins" (PDF). Vol. 7, No. 1. M&A Journal. 2007 March 31. Retrieved 2009 October 18. {{cite news}}: Check date values in: |accessdate= and |date= (help); Cite has empty unknown parameter: |coauthors= (help)
  14. ^ "India Awards". Asia Law. 2008 December. Retrieved 2009 October 18. {{cite news}}: Check date values in: |accessdate= and |date= (help); Cite has empty unknown parameter: |coauthors= (help)
  15. ^ Lee, Lisa (2008-10-10). "Latham gilds Lilly's ImClone offer". The Deal. Retrieved 2009-10-18. {{cite news}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)
  16. ^ Mideast Legal Business Online. 2009-09-03 http://mideast.legalbusinessonline.com/deals/yahoo-maktoobcom-acquisition/2088. Retrieved 2009-10-17. {{cite news}}: Missing or empty |title= (help)
  17. ^ [1]
  18. ^ Bowman, Lisa (1999 October 3). "Schindler heads toward life post-Mitnick". ZD Net. Retrieved 2008 April 24. {{cite news}}: Check date values in: |accessdate= and |date= (help); Cite has empty unknown parameter: |coauthors= (help)