|Headquarters||None (first office was in Cleveland, Ohio)|
|No. of offices||17|
|No. of attorneys||1,000|
|Key people||Paul M. Schmidt|
|Revenue||$732 million (2020)|
|Founder||Newton D. Baker, Joseph C. Hostetler, Thomas L. Sidlo|
|Company type||Limited liability partnership|
In 2019[update], the firm was ranked the 73rd-largest law firm in the world. BakerHostetler is a multidisciplinary firm with six core practice groups -- Business, Digital Assets and Data Management, Intellectual Property, Labor and Employment, Litigation, and Tax. In a 2020 survey by BTI Consulting Group, BakerHostetler was ranked among the top 30 firms considered to be the “Elite Member of the Client Service A-Team”, in terms of providing superior client satisfaction.
In 2010, BakerHostetler represented Denbury Resources Inc. (NYSE: DNR), a member of the S&P 500, in a merger valued at $4.5 billion with Encore Acquisition Co. (NYSE: EAC). The transaction created one of the largest oil-focused independent exploration and production companies in North America. As a result of this and other similar deals, BakerHostetler was ranked among the top 10 U.S. law firms for merger and acquisition deals in the oil, gas, and oilfield service industries for the period January 2009-First Quarter 2010 per The Deal magazine. The firm is generally known for counseling and representing clients in the hospitality, healthcare, financial services, media, energy, sports, and technology fields.
In 2016, the firm announced it was using IBM's Watson, named "ROSS", to assist attorneys in their bankruptcy practice. Other law firms had signed agreements with ROSS, but BakerHostetler was the first to announce the use of the artificial intelligence-based service.
In 2020, the firm formed its sixth practice group, the Digital Assets and Data Management Practice group, to address the lifecycle of data. The practice group's formation signaled the importance of "data" to the practice of law and the clients the firm represents.
BakerHostetler, through partner Irving Picard and his team, has been overseeing the liquidation of Bernard Madoff’s firm in bankruptcy court, and has so far recovered over $14 billion—about 70 percent of approved claims—by suing those who profited from the scheme, whether they knew of the scheme or not. Kathy Bazoian Phelps, a bankruptcy lawyer at Diamond McCarthy, said "That kind of recovery is extraordinary and atypical,” as clawbacks in such schemes range from 5 percent to 30 percent, and many victims don’t get anything. Picard has successfully pursued not only investors, but spouses and estates of those who profited, such as the wife of Bernard Madoff (Ruth Madoff), the widow and estate of the deceased Stanley Chais, and the estate of the deceased Jeffry Picower and Picower's widow Barbara, with whom he reached a $7.2 billion settlement (the largest civil forfeiture payment in US history).
BakerHostetler represents the Official Committee of Tort Claimants, the official committee representing the interests of over 70,000 victims of Northern California wildfires in the chapter 11 reorganization of Pacific Gas and Electric Company and PG&E Corporation. PG&E is the largest bankruptcy case ever filed in California and the sixth largest case ever filed in the United States.
Other notable clients
- ABC, Inc.
- Cardinal Health, Inc.
- CNL Financial Group
- Colgate-Palmolive Co.
- Electronic Data Systems
- The E.W. Scripps Co.
- Thermo Fisher Scientific
- Gruner + Jahr
- Hospital Corporation of America
- Human Rights Accountability Global Initiative
- Microsoft Corp.
- Sprint Nextel
- State Farm
- Progressive Corp.
- Trammell Crow Co.
Lawyers and locations
In 2020, the law firm employed nearly 1000 attorneys and had offices in 17 different markets including: New York, Washington, D.C., California (Los Angeles, San Francisco, Costa Mesa), Colorado (Denver), Delaware (Wilmington), Florida (Orlando), Georgia (Atlanta), Illinois (Chicago), Pennsylvania (Philadelphia), Texas (Dallas, Houston), Ohio (Columbus, Cleveland, Cincinnati), and Washington (Seattle).
- Newton D. Baker
- Steve Dettelbach
- Dennis E. Eckart
- Jack Evans
- Mike Ferguson
- James Halpern
- Jeff Jacoby
- Guy Vander Jagt
- Barbara B. Kennelly
- William Francis Kuntz
- Richard J. Leon
- Betty S. Murphy
- Charles S. Murphy
- Mike Oxley
- Gregory Paw
- Hector Perez
- Irving Picard
- David B. Rivkin
- Drew B. Tipton
- Mark Tuohey
- "Office Locations".
- "About us - Facts". BakerHostetler. 2018. Retrieved 2018-12-31.
- "The 2020 Am Law 100: Ranked by Gross Revenue".
- "Baker, Newton Diehl". Encyclopedia of Cleveland History. Case Western Reserve University. 1997-07-11. Retrieved 2007-02-05.
- "Hostetler, Joseph C.". Encyclopedia of Cleveland History. Case Western Reserve University. 1997-07-18. Retrieved 2007-02-05.
- "Sidlo, Thomas L.". Encyclopedia of Cleveland History. Case Western Reserve University. 1997-07-22. Retrieved 2007-02-05.
- "The 2019 Global 100: Ranked by Head Count".
- "BTI Client Service A-Team 2020: Survey of Law Firm Client Service Performance".
- "Profile of Professional Organization Contributors Baker Hostetler". The National Law Review. The National Law Forum, LLC. 2012-04-15. Retrieved 2013-01-08.
- "A Whole New Look for Some Law Firms in 2014". The Wall Street Journal Law Blog. The Wall Street Journal. 2014-01-02. Retrieved 2014-01-02.
- Beck, Susan (2016-05-06). "AI Pioneer ROSS Intelligence Lands Its First Big Law Clients". The American Lawyer. Retrieved 2016-05-12.
- "High Court Seeks U.S. Input on $3 Billion Bid by Madoff Trustee". Bloomberg.com. 2019-12-09. Retrieved 2021-01-08.
- Madoff’s Victims Are Close to Getting Their $19 Billion Back
- Record-Setting Madoff Settlement Announced with Picower Estate
- $7.2 Billion Picower Settlement: Payday for Madoff Victims
- "PG&E loses exclusive control of its bankruptcy recovery plan". Los Angeles Times. 2019-10-09. Retrieved 2021-01-08.
- Desjardins, Jeff (2019-06-25). "The 20 Biggest Bankruptcies in U.S. History". Visual Capitalist. Retrieved 2021-01-08.
- "Archived copy". Archived from the original on 2010-05-14. Retrieved 2010-06-29.CS1 maint: archived copy as title (link)
- Lazar, Alex (25 August 2014). "David Rivkin Hired As House GOP Lawyer For Obama Lawsuit" – via Huff Post.
- Leopold, Jason; Cormier, Anthony; Loop, Emma; Tillman, Zoe (May 30, 2020). "Mueller Memos Part 7: These Documents Reveal What People Close To The President Told Mueller's Team About Trump And Russia". BuzzFeed News.
The foundation was officially created in February 2016, according to Delaware state records, and Arakelian is listed as the incorporator. But Arakelian told the FBI he “was not involved in the incorporation” and that it was actually Lieberman and the law firm BakerHostetler who “conducted” it.