Dechert LLP

Dechert LLP Company Profile

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 and Dubai.

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

November 2013

Antitrust Expertise
Chambers recognized Dechert'a antitrust practice group in its 2014 Award for Excellence in Antitrust/Competition. Chambers stated the practice group as "routinely sought after to handle some of the most significant litigation and transactions in the antitrust world."

Dechert's antitrust/competition practice handled the two most prominent antitrust merger reviews of 2013 in the United States: the Department of Justice review of the US$17 billion US Airways/American Airlines merger and the Federal Trade Commission review of the US$2.5 billion OfficeMax/Office Depot merger. These deals were announced within two weeks of one another in February, and their antitrust reviews were resolved within two weeks of one another in November. Most recently, U.S.-based Albertsons tapped the antitrust team to represent the food and drug retailer in its proposed US$9.2 billion merger with grocery store chain Safeway. The team also was named as antitrust counsel to National CineMedia, Inc. in its $375 Million Acquisition of Screenvision.

Fighting for Local Children
A team of Dechert litigators helped attain a settlement with the School District of Philadelphia that ensures children with autism will not be unfairly transferred between schools and that parents will become more involved in the process. Dechert worked with longtime pro bono partner, the Public Interest Law Center of Philadelphia, to achieve the settlement, which was preliminarily approved by the U.S. District Court for the Eastern District of Pennsylvania.

Voting Rights Victory
Dechert litigators achieved victory on behalf of Wisconsin voters in the United States District Court for the Eastern District of Wisconsin enjoining Wisconsin's voter photo ID law following a two-week trial.

The court found Wisconsin's voter photo ID law unconstitutional as applied. In addition, the court's decision established a new precedent in finding that Wisconsin's photo ID law also violates Section 2 of the Voting Rights Act, which bars racial discrimination in voting. This marks not only the first successful Section 2 case challenging a voter ID law, but also the first Section 2 case to be tried since the U.S. Supreme Court struck down Section 4 of the Voting Rights Act in Shelby v. Holder last year as well as the first constitutional challenge to a voter ID law since Crawford v. Marion County Election Board.

A Well-Manicured Deal
Dechert served as legal advisor to The Brickman Group. Ltd. LLC (Brickman ) in its announced sale to KKR for $1.6 billion. Founded in 1939, Brickman is the leading provider of landscape maintenance and snow removal services in the U.S. With nearly 10,000 employees nationwide, Brickman serves a diversified base of over 10,000 clients, including some of the most well-respected companies and institutions in the U.S.

July 2013

International Acquisitions
Dechert advised Wells Fargo in relation to the sale of £4 billion of loans and the London operations of Hypothekenbank Frankfurt (formerly Eurohypo) by Germany's Commerzbank AG.The Hypothekenbank portfolio includes £2.7 billion in high quality institutional assets across the U.K., with a focus on London, as well as £1.3 billion of nonperforming assets. Wells Fargo purchased the performing two thirds of the portfolio, and private equity firm Lone Star Funds acquired the nonperforming third. Lone Star's acquisition was financed with a loan from Wells Fargo.

The acquisition follows San Francisco-based Wells Fargo's announcement in January 2013 that it was to expand its U.K. commercial real estate business.

Lehman Lawyers
The United States Court of Appeals for the Second Circuit affirmed the dismissal of the ERISA class action, which had been pending against directors and officers of Lehman Brothers Holdings Inc. Dechert represented all of Lehman's independent directors in the matter, arguing the appeal on their behalf. The firm continues to represent the Lehman independent directors in securities actions and other matters relating to Lehman's bankruptcy (the largest in U.S. history).

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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 2014: 929

  • Employment Contact

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


  • Base Salary

    Austin, TX; Boston, MA; California offices; Charlotte, NC; Chicago, IL; Hartford, CT; New York, NY; Washington, DC
    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
    Summer associate:  $3,100/week

    Philadelphia, PA and Princeton, NJ
    1st year:  $145,000
    2nd year: $152,500
    3rd year:  $160,000
    4th year:  $170,000
    5th year:  $180,000
    6th year:  $190,000
    7th year:  $200,000
    Summer associate:  $2,800/week


  • Summer Associate Offers

    46 out of 46 (2013)


  • 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
  • Tbilisi
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