Skadden, Arps, Slate, Meagher & Flom
|Headquarters||Condé Nast Building
New York City
|No. of offices||23|
|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|
|Key people||Eric J. Friedman
|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 an international law firm based in New York City. With nearly 2,000 attorneys, it is one of the 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.
- 1948 — The firm was founded in New York by Marshall Skadden, John Slate and Les Arps.
- 1954 — Peter Mullen 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.
As of February 2011[update], there are 432 partners at Skadden. As of 2015, there are 326 US partners. Unlike some firms that 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 and Counsel are:
- Greg Craig, former White House Counsel to President Barack Obama, heads the firm's global policy and litigation strategy group.
- Bruce Buck, chairman of Chelsea Football Club, partner in charge of firm's European offices.
- Stephen C. Robinson, former federal district court judge sitting in the United States District Court for the Southern District of New York and former United States Attorney for the District of Connecticut.
- Patrick Fitzgerald, former United States Attorney for the Northern District of Illinois who was, as special counsel for the U.S. Department of Justice Office of Special Counsel, the federal prosecutor in charge of the investigation of the Valerie Plame Affair.
- Fred T. Goldberg, Jr., Commissioner of Internal Revenue from 1989–92, Assistant Secretary for Tax Policy in the United States Department of the Treasury in 1992.
- Cyrus Amir-Mokri, former Assistant Secretary of the Treasury for Financial Institutions of the U.S. Treasury Department.
In 2014, Skadden was the fourth largest law firm in the U.S. by revenue; in 2010 it was the second-largest in the world by revenue. Skadden had about 1,886 attorneys in 23 offices in 2011. The total number of employees at the firm is nearly 4,200. Measured by the number of attorneys, Skadden is the second-largest law firm in the state of New York, the sixth largest in the United States. In 2010, the National Law Journal ranked Skadden 4th in its list of the 250 largest law firms in the United States. In 1995, Forbes's Largest Private Companies ranked Skadden as 335th on the list of the largest private U.S. companies by revenue. By 2003 Skadden had risen to 194th before falling back to 213th in 2010.
According to a branche-internal survey by Vault.com in 2015, Skadden is the third most prestigious law firm to work for in the United States, 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).
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 2012), plus all fringe benefits the sponsoring organization offers its employees. As of 2012, the firm has awarded 761 fellowships.
Prominent lawyers at the firm endorsed and financially supported John Kerry in his campaign to become president of the United States in 2004.
According to the Center for Responsive Politics, Skadden was one of the top law firms contributing to federal candidates during the 2012 election cycle, donating $1.98 million, 76% to Democrats. By comparison, during that same period Akin Gump Strauss Hauer & Feld donated $2.56, 66% to Democrats, while oil conglomerate ExxonMobil donated $2.66 million, 88% to Republicans. Since 1990, Skadden has contributed $11.93 million to federal campaigns, and spent $2.2 million on lobbying since 2000.
In addition to numerous professors and partners, both at Skadden and other firms, some of the more notable former Skadden attorneys include:
- Preeta D. Bansal, former General Counsel for the federal Office of Management and Budget; former Solicitor General of the State of New York
- Amelia Boone, obstacle racer, 2012 Spartan Race World Champion and three-time World's Toughest Mudder champion
- 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
- Greg Giraldo, international comedian
- Irving S. Shapiro, former CEO, DuPont
- Eliot Spitzer, former Governor of New York, and his ex-wife, Silda Wall Spitzer
- Leo Strine, Chief Justice of the Delaware Supreme Court (2014–present); previously Chancellor (2011–2014) and Vice-Chancellor (1998–2011) of the 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
- Richard Albert, Comparative constitutional law professor
- Harold M. Williams, former Securities and Exchange Commission Chair (1977 – 1981)
- Chip Flowers, first African-American elected official in Delaware (State Treasurer) & Co-Chair, National Democratic State Treasurers (2010-2014)
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- "Fundrace 2008 Campaign Donations, Huffington Post
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- 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.