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'''Latham & Watkins LLP''' is a global law firm. It is one of the largest law firms in the world, currently employing around 1,900 attorneys in the US, Europe, the Middle East and Asia.<ref>[http://www.ilrg.com/nlj250/ Internet Legal Research Group — 250 Largest Law Firms in the US]</ref> 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 & Watkins LLP''' is a global law firm. It is one of the largest law firms in the world, currently employing around 1,900 attorneys in the US, Europe, the Middle East and Asia.<ref>[http://www.ilrg.com/nlj250/ Internet Legal Research Group — 250 Largest Law Firms in the US]</ref> The firm was started in Los Angeles in 1934 and has extensive California roots, but its largest office is now in [[New York City]].


In 2006, Latham was the [[List of 100 largest law firms globally|5th largest law firm in the world]] by revenue, and the second largest in the United States. In 2008, Latham & Watkins became the first US-based law firm in history to announce over $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> However, the firm's 2008 revenue dropped by over $300 million to $1.9 billion following a significant decline in transactional activity. Partner profits also fell 21% to $1.8 million per partner.<ref> http://amlawdaily.typepad.com/amlawdaily/2009/02/the-am-law-100-latham-profits-down-21.html </ref> Prompted by declining revenue and market uncertainty, the firm froze associate salaries in January <ref> http://abovethelaw.com/2008/12/latham_watkins_salary_freeze.php </ref>, and a number of partners have departed from the New York and Chicago offices <ref> http://abovethelaw.com/2009/02/latham_watkins_two_ip_partners.php </ref>. On February 27, 2009, Latham also confirmed that it was laying-off 190 associates and 250 staff members.[http://amlawdaily.typepad.com/amlawdaily/2009/02/official-latham-to-cut-190-associates-250-staff-.html] To date, this is the largest firing of attorneys and staff from a U.S. based law firm; no partners were let go during the most recent rounds of layoffs. The layoffs were particularly focused on first year associates in the New York office. During the February layoffs, Latham NY cut its first year associate class by more than half. A total of 130 associates were laid-off from Latham NY in 2009. Latham also made Vault surveys due the day before the February 27, 2009 mass layoffs.
In 2006, Latham was the [[List of 100 largest law firms globally|5th largest law firm in the world]] by revenue, and the second largest in the United States. In 2008, Latham & Watkins became the first US-based law firm in history to announce over $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> However, the firm's 2008 revenue dropped by over $300 million to $1.9 billion following a significant decline in transactional activity. Partner profits also fell 21% to $1.8 million per partner.<ref> http://amlawdaily.typepad.com/amlawdaily/2009/02/the-am-law-100-latham-profits-down-21.html </ref> Prompted by declining revenue and market uncertainty, the firm froze associate salaries in January <ref> http://abovethelaw.com/2008/12/latham_watkins_salary_freeze.php </ref>, and a number of partners have departed from the New York and Chicago offices <ref> http://abovethelaw.com/2009/02/latham_watkins_two_ip_partners.php </ref>. On February 27, 2009, Latham also confirmed that it was laying-off 190 associates and 250 staff members.[http://amlawdaily.typepad.com/amlawdaily/2009/02/official-latham-to-cut-190-associates-250-staff-.html] To date, this is the largest firing of attorneys and staff from a U.S. based law firm. The layoffs were particularly focused on first year associates in the New York office. More than half of Latham's New York first years were let go in February 2009. No partners were let go during the most recent rounds of layoffs. Latham also made Vault surveys due on February 26, 2009, the day before the February 27, 2009 mass layoffs.


== Recognition ==
== Recognition ==

Revision as of 18:32, 25 April 2009

Latham & Watkins LLP
Latham & Watkins
HeadquartersLos Angeles, California
No. of offices28
No. of attorneysapprox. 1,900
Major practice areasGeneral practice
Key peopleRobert Dell, Chairman and Managing Partner[1]
RevenueDecrease $1.9 Billion
Date founded1934
FounderDana Latham[2]
Company typeLimited liability partnership
Websitewww.lw.com

Latham & Watkins LLP is a global law firm. It is one of the largest law firms in the world, currently employing around 1,900 attorneys in the US, Europe, the Middle East and Asia.[3] The firm was started in Los Angeles in 1934 and has extensive California roots, but its largest office is now in New York City.

In 2006, Latham was the 5th largest law firm in the world by revenue, and the second largest in the United States. In 2008, Latham & Watkins became the first US-based law firm in history to announce over $2 billion in yearly revenue.[4] However, the firm's 2008 revenue dropped by over $300 million to $1.9 billion following a significant decline in transactional activity. Partner profits also fell 21% to $1.8 million per partner.[5] Prompted by declining revenue and market uncertainty, the firm froze associate salaries in January [6], and a number of partners have departed from the New York and Chicago offices [7]. On February 27, 2009, Latham also confirmed that it was laying-off 190 associates and 250 staff members.[2] To date, this is the largest firing of attorneys and staff from a U.S. based law firm. The layoffs were particularly focused on first year associates in the New York office. More than half of Latham's New York first years were let go in February 2009. No partners were let go during the most recent rounds of layoffs. Latham also made Vault surveys due on February 26, 2009, the day before the February 27, 2009 mass layoffs.

Recognition

The American Lawyer's 2008 "A-list" ranked Latham & Watkins 2nd in the nation out of more than 200 firms[3] taking into account factors such as diversity, dedication to pro bono, prestige and associate satisfaction. It ranked 7th in the 2009 Vault Prestige List, a survey which asks law firm associates to rank the perceived prestige of the major law firms[4]. 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.[5]. Latham was ranked first by Legal500, along with two other firms in the US, 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.

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.[8] [9] 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.[10]


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[12], Latham & Watkins was crowned:

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

Notable clients and cases

Notable Latham & Watkins attorneys

Offices

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


Notable Latham & Watkins alumni

References

  1. ^ Dell's Attorney Bio
  2. ^ About the firm
  3. ^ Internet Legal Research Group — 250 Largest Law Firms in the US
  4. ^ Ashby Jones, "Latham & Watkins Breaks $2 Billion Revenue Barrier", Wall Street Journal, February 11, 2008.
  5. ^ http://amlawdaily.typepad.com/amlawdaily/2009/02/the-am-law-100-latham-profits-down-21.html
  6. ^ http://abovethelaw.com/2008/12/latham_watkins_salary_freeze.php
  7. ^ http://abovethelaw.com/2009/02/latham_watkins_two_ip_partners.php
  8. ^ Amir Efrati, You Say You Want a Big-Law Revolution, Take II, "Wall Street Journal", October 10, 2007.
  9. ^ 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
  10. ^ 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
  11. ^ www.legalbusinessonline.com.au
  12. ^ www.legalbusinessonline.com.au
  13. ^ [1]
  14. ^ 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)
  15. ^ Reckard, Scott (2006 November 8). "Scientology groups to pay back $3.5 million". Los Angeles Times. Retrieved 2008 April 24. {{cite news}}: Check date values in: |accessdate= and |date= (help); Cite has empty unknown parameter: |coauthors= (help)
  16. ^ Gray, Tyler (2008-03-31). "Anonymous on Trial? Scientology Steps Up Skirmish". Radar. Retrieved 2008-12-16.
  17. ^ Lat, David (2008-04-01). "Latham & Watkins to Free Stress Tests?". Above the Law. Retrieved 2008-12-16.
  18. ^ Heller, Jamie (2008 March 28). "Lawyer Pleas in Case Charging that He Bilked Firm and Clients". Wall Street Journal. Retrieved 2008 April 18. {{cite news}}: Check date values in: |accessdate= and |date= (help); Cite has empty unknown parameter: |coauthors= (help)
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