Baker & Hostetler LLP

Baker & Hostetler LLP Company Profile

A Cleveland native with a largely domestic focus, BakerHostetler has involved itself in a number of cases that shaped America over the past 96 years. The firm maintains the requisite laundry list of BigCorp clients as well as a small yet respectable lobbying practice.

Hailing from the Forest City

BakerHostetler, founded in 1916 on the strength of a $1,500 investment by three lawyers, has developed into a Cleveland staple. With specialties in tax, litigation, business, intellectual property and employment law, the firm boasts a rich history. Major achievements include reorganizing Major League Baseball's American League, representing the village of Euclid, Ohio, in its landmark zoning case against Ambler Realty, and playing a pivotal role in "The Great Chicago Water Steal" case involving 13 states, the Chicago Sanitary District, and a lot of H20. 

The firm's client roster currently includes such heavyweights as Major League Baseball, IBM, General Electric, Exxon Mobil, Verizon, The New York Times, Cardinal Health, Caterpillar, Progressive Corporation, Ford Motor Company, Wal-Mart, the William Jefferson Clinton Presidential Foundation's HIV/AIDS Initiative, ABC, Inc., Bayer Corporation, The Progressive Corporation, Thermo Fisher Scientific Inc. and Trammell Crow Co.

From the New Deal to SOX

The firm has long been active in the political world with namesake Newton Baker serving as Woodrow Wilson's Secretary of War during World War I. In his absence, Baker's colleagues roped in two major media clients-the Plain Dealer Publishing Company and The E.W. Scripps Company-which remain with the firm today. A few years later, Baker attorneys represented private utility companies in their nearly 20-year fight against New Deal legislation that authorized the creation of massive public power projects. Baker lawyers later went on to advise a number of key players in the Watergate and Iran-Contra scandals.

In 2007, Baker scored an impressive Beltway coup when the firm hired former Ohio Congressman Michael Oxley, sponsor of the famed Sarbanes-Oxley Act: the Enron/Tyco/WorldCom-inspired law that mandated, among other aspects, new and increased oversight of publicly held companies' directors. Oxley had previously worked for the FBI and then as a representative in the Ohio House of Representatives before starting a 25-year career in Congress that eventually landed him a seat as the Chairman of the Financial Services Committee. As a member of the firm's government policy group in DC, Oxley (a noted free-market proponent) "works with multinational and corporate clients seeking to resolve or avert problems related to federal and/or state policy through legislative or administrative solutions."

Bankruptcy Leaders

BakerHostetler has also served as a go-to firm for bankruptcy matters. The firm not only represents debtors and creditors, but it also has served as bankruptcy trustee several times, overseeing bankruptcies for companies such as Hilton Head and RCS Financial. In addition, BakerHostetler attorneys act as SIPA Trustee and Counsel to the SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), dealing with the aftermath of the financial collapse of Madoff's infamous Ponzi scheme. As of summer 2013, approximately $9.348 billion dollars has been recovered for distribution to BLMIS customers with allowed claims, representing approximately 53 percent of the $17.5 billion in principal estimated to have been lost in the Ponzi scheme.

IN THE NEWS

 

January 2014

Triumph for Defrauded Madoff Investors
BakerHostetler is at the forefront of the ongoing, international legal battles to recover money for the defrauded victims of Bernard L. Madoff Investment Securities LLC (BLMIS). In December 2008, the District Court appointed the firm as counsel to Securities Investor Protection Act Trustee and BakerHostetler Partner Irving H. Picard. BakerHostetler attorneys, working under the direction of chief counsel and BakerHostetler partner David J. Sheehan on the BLMIS liquidation, have recovered more than 50 percent of the estimated $17.5 billion in principal losses and returned more than $5.6 billion to BLMIS customers as of January 31, 2014. This recovery exceeds any prior restitution effort related to Ponzi schemes both in terms of dollar value and percentage of stolen funds recovered.

January 2014

IP Powerhouse
As a result of BakerHostetler's January 1, 2014 combination with the highly regarded intellectual property law firm Woodcock Washburn, BakerHostetler became one of the largest IP practices among global law firms. With the combination, the firm's IP practice doubled to nearly 140 lawyers, including more than 100 registered patent attorneys and agents.

March 2014

Wind Farm Win
In Cape Wind's decade-long fight to obtain regulatory clearance for the first offshore wind farm in the United States, BakerHostetler's most recent legal victory clears the way for developers to complete financing and blazes a trail for future wind project developers. The U.S. District Court recently rejected requests made in four lawsuits from wind farm project opponents to withdraw the permits issued by Department of the Interior for a 130-turbine wind farm in Nantucket Sound. The firm's attorneys have successfully represented the wind farm developers in seven lawsuits brought by project opponents and have helped Cape Wind navigate 17 rigorous federal and state permitting reviews-many, the first of their kind-generating an administrative record of 500,000 pages. The project-and its opposition-has garnered national attention, including significant media coverage, a book, and movie about project.

December 2013

Healthcare for Children
BakerHostetler provides the Children's Hospital Association-which includes more than 200 children's hospitals in this country-with national Medicaid policy advice focused on developing special national network options in Medicaid policy for children with complex conditions. The work includes legislative language, drafts, response to specific legislative interest by Congress, the Congressional Budget Office and Centers for Medicare and Medicaid Services (CMS) and claims and data development. Most recently, language supporting the association's major policy effort to reduce costs and improve care for chronically ill children on Medicaid was included in the Senate's Murray-Ryan budget.

October 2013

Closing Record Deals in Record Time
When an affiliate of Hyatt Hotels Corporation acquired the Peabody Orlando hotel for $717 million, which will be rebranded as the Hyatt Regency Orlando Convention Center, it was the largest hotel sale in the country in the past five years, according to hospitality industry analysts. The deal positions Hyatt to capitalize on recent growth in the conventions and meetings business in the second largest hotel market in the U.S. The BakerHostetler team addressed and overcame a number of operational, transitional, employment, intellectual property, construction, environmental, labor and employment and tax issues to close the transaction, which involved extensive due diligence, in a short amount of time.

September 2013

Greetings to New Management
A BakerHostetler M&A team represented American Greeting in an $878 million acquisition by members of the Weiss family, descendants of the company's founder and holders of 40 percent of the company's voting power. The acquisition was a "going private" transaction, resulting in the Cleveland-based greeting card and social occasion company no longer being publicly traded.

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Baker & Hostetler LLP


PNC Center
1900 East 9th Street, Suite 3200
Cleveland, OH 44114-3485
Phone: (216) 621-0200
Fax: (212) 696-0740
www.bakerlaw.com

STATS


  • Employer Type: Private
  • Chairman: R. Steven Kestner
  • Hiring Partner: Ronald S. Okada
  • Total No. Attorneys 2014: 881

  • Employment Contact

    Dee Driscole
    Attorney Recruitment & Development Manager
    Phone: (216) 861- 7092
    Fax: (216) 861-6618
    E-mail: ddriscole@bakerlaw.com


  • Base Salary

    Cleveland, OH
    1st year: $130,000    
    Summer associate: $2,500/week

    Other Offices
    1st year: Varies per office ($110,000 - $160,000)


  • Summer Associate Offers

    30 out of 34 (2013)


  • Major Departments & Practices

    Business
    Employee Benefits
    Employment
    Global Practices
    Intellectual Property
    International Trade
    Legislative & Regulatory
    Litigation
    Private Wealth
    Real Estate
    Tax

Major Office Locations

  • Cleveland, OH (HQ)
  • Chicago, IL
  • Cincinnati, OH
  • Columbus, OH
  • Costa Mesa, CA
  • Denver, CO
  • Houston, TX
  • Los Angeles, CA
  • New York, NY
  • Orlando, FL
  • Washington, DC
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