Dechert LLP at a Glance

Uppers

  • “Lots of opportunity to assume responsibility”
  • “Collaborative culture”
  • “Interesting work”

Downers

  • “Demanding clients”
  • “Unpredictable deadlines”
  • “The perks are below market”

The Buzz

  • “Strong white collar”
  • “Cutting edge litigation”
  • “Jack of all trades, useful at some”
  • “Disorganized”

About Dechert LLP

Since its founding in 1875, Dechert has become an international legal force to be reckoned with. In the United States, the firm is particularly well-known for corporate practice, especially in international M&A and securities. The firm also focuses on litigation and is recognized for this work.

Business Savvy

Dechert was originally formed under the name MacVeagh & Bispham (and later was known as Barnes, Myers & Price) by George Tucker Bispham and Wayne MacVeagh-MacVeagh would eventually leave the firm to become US Attorney General and then ambassador to Italy. During World War II, the firm saw many of its attorneys leave to join the war effort. In response, the firm merged with Dechert, Smith and Clark.

In the late 1990s, Barton Winokur became chairman and CEO of the firm and began reshaping the firm's business model. Winokur focused on becoming more specialized, and like any savvy businessman would, he made sure those specialties were high-revenue practice areas: private equity, intellectual property and white collar criminal defense. The new business model paid off, with the firm handling such matters as V&S Vin & Sprit's-producer of Absolut Vodka-sale to French beverage company Pernod for $8.9 billion and New World Resource's IPO, which  listed on three different exchanges in London, Prague, and Warsaw and  raised a staggering £1.3 billion-the largest European IPO at the time.

Dechert was also one of the first US firms to expand internationally, opening a European office in Brussels in 1968, followed by a London office four years later. The firm established a Paris presence in 1995. In 2000, the firm undertook a major expansion in the UK through a merger with Titmuss Sainer Dechert, a leading London law firm. Since then, Dechert has opened offices in Luxembourg, Germany, Russia, China, Ireland, and most recently Kazakhstan, Dubai and Singapore.

A Range of Expertise

Dechert's litigators are consistently rated amongst the best in the U.S. Firm chairman Andrew Levander is a leading white-collar criminal defense lawyer, and is no stranger to defending prominent Wall Street executives including John Thain, the former chief executive at Merrill Lynch, in a government inquiry related to his role in Merrill's sale to Bank of America; Ezra Merkin, a hedge fund manager who invested with Bernard L. Madoff; and John Corzine, the former chief executive of securities firm MF Global Holdings Ltd.

In addition, Dechert has one of the world's premier Financial Services groups. The firm represents the most significant fund complexes in the industry, drawing on both its far-reaching domestic and international presence and its practice leaders, who are considered some of the biggest players in the market.

Expectations of Efficiency

Dechert has undertaken a unique training program for its lawyers, giving every single attorney in the firm training in legal project management. Small groups of attorneys are taught how to better handle their client matters, with an emphasis on increasing communication with the client at the beginning of and throughout projects and creating visual roadmaps to organize and streamline the process. The new training program was driven largely by the firm's desire to provide more efficient service while managing client costs.

IN THE NEWS

April 2015

It's a Big Deal

Dechert advised Wells Fargo in relation to its agreement to purchase commercial real estate loans valued at US$9 billion in the United States, U.K. and Canada from GE Capital Real Estate as part of an overall transaction valued at approximately US$23 billion. Wells Fargo purchased performing first mortgage loans, and private equity firm Blackstone acquired U.S. and European equity assets as well as first mortgage loans in Mexico, Australia and the U.S., with Wells Fargo providing financing for certain of Blackstone's acquisitions.

March 2015

Deal of the Year

Dechert advised on the Amex travel business spinout deal recognized as the Private Equity Deal of the Year at the International Financial Law Review Americas Awards 2015.

IFLR recognized Dechert for its representation of the Certares-led group of investors in its US$900 million purchase of a 50 percent stake in American Express's Global Business Travel Division. The investor group included Qatar Holding, a subsidiary of the Qatar Investment Authority sovereign wealth fund; funds managed by U.S.-based investment manager BlackRock; and Macquarie Capital, an Australian investment banking group.

Embracing Diversity

New York Law Journal recognized Dechert's commitment to creating a diverse legal community and the firm's sustained efforts to reach that goal by including the firm in its list of Diversity Initiative Honorees 2015.

In addition, Dechert received a perfect score of 100 percent on the 2015 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality, administered by the HRC. "We are pleased to be recognized for a third consecutive year with a perfect score and we will continue our efforts to maintain and cultivate an inclusive environment," said Dechert Chief Executive Officer Daniel O'Donnell. "At Dechert we embrace our differences and we strive to be a firm that reflects the diversity of the world in which we practice."

December 2014

Creative Counsel

Dechert has been named among the Financial Times' Top 40 North American Innovative Law Firms, ranking seventh overall. The annual report recognizes firms based on "originality of the legal work," "rationale" behind strategy and "the impact of the work on the client's business."

Dechert has also been named among the Financial Times' Top 50 European Innovative Law Firms. Dechert was commended in the Social Responsibility category for its collaboration with Oxfam to conduct an analysis of Kenya's ratification of the Maputo Protocol bill on women's rights.

September 2014

Grab Me A Cold One…Or $1.2 Billion of Them

Crown Holdings, a global leader in consumer packaging, has entered into a definitive agreement to acquire EMPAQUE, a leading Mexican manufacturer of aluminum cans and ends, bottle caps and glass bottles for the beverage industry, from affiliates of Heineken. Dechert advised Crown Holdings on the cash transaction, which is valued at approx. US$1.2 billion.

April 2014

Preserving the Right to Vote

Dechert achieved a ground-breaking litigation win on behalf of Wisconsin voters in a judgment handed down in the U.S. District Court for the Eastern District of Wisconsin. A pro bono team of Dechert litigators spanning the White Collar and Securities Litigation and Antitrust practice groups across four offices successfully obtained a final judgment enjoining Wisconsin's voter photo ID law following a two-week trial held in November 2013. 

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Dechert LLP

1095 Avenue of the Americas
New York, NY 10036
Phone: (212) 698-3500
www.dechert.com

Stats

  • Employer Type: Private
  • Chairman: Andrew Levander
  • CEO: Daniel O'Donnell
  • Chair, Hiring Committee: James A. Lebovitz
  • Total No. Attorneys 2015: 904

  • Employment Contact
    Paul Giangola
    Director of Director of Legal Recruiting
    Phone: (212) 698-3516
    E-mail:paul.giangola@dechert.com

  • Base Salary
    All Offices
    1st year:  $160,000
    2nd year: $170,000
    3rd year:  $185,000
    4th year:  $210,000
    5th year:  $230,000
    6th year:  $250,000
    7th year:  $265,000
    8th year:  $280,000
    Summer associate:  $3,100/week

  • Summer Associate Offers
    48 out of 48 (2014)

  • Major Departments & Practices
    Antitrust
    Business Restructuring & Reorganization
    Complex Commercial Litigation
    Corporate & Securities
    Litigation
    Employee Benefits
    Finance & Real Estate
    Financial Services
    International Arbitration
    Intellectual Property
    Tax
    White Collar & Securities Litigation

Major Office Locations

  • Austin, TX
  • Boston, MA
  • Charlotte, NC
  • Chicago, IL
  • Hartford, CT
  • Los Angeles, CA
  • New York, NY
  • Orange County, CA
  • Philadelphia, PA
  • Princeton, NJ
  • San Francisco, CA
  • Silicon Valley, CA
  • Washington, DC
  • Almaty
  • Beijing
  • Brussels
  • Dubai
  • Dublin
  • Frankfurt
  • Hong Kong
  • London
  • Luxembourg
  • Moscow
  • Munich
  • Paris
  • Singapore
  • Tbilisi
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