Dechert LLP at a Glance

Uppers

  • “Broad range of work”
  • “Early responsibility”
  • “Great firm culture of support from partnership”

Downers

  • “Lack of female partners/leaders”
  • “Billable hours requirement”
  • “Unpredictable work flow”

About Dechert LLP

Since its founding in 1875, Dechert has become an international global legal force to be reckoned with. In the United States, the firm is particularly well-known for its 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 office in 1995. In 2000, the firm undertook a major expansion in the UK through a merger with Titmuss Sainer & Webb, a leading London law firm. Since then, Dechert has opened offices in Luxembourg, Germany, Russia, China, Ireland, and most recently Kazakhstan, Dubai, Tbilisi, and Singapore.

A Range of Expertise

Dechert's litigators are consistently rated amongst the best in the country. 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 practices. The firm represents 18 of the top 20 global asset managers, 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.

A Supportive Culture

Dechert has found a unique way of rewarding mentoring within the ranks through its "Exceptional Teacher Awards" program. Associates and practice groups nominate the most proactive associate and partner teachers who have made exceptional efforts to train and develop the firm's associates. Nominations are reviewed by a formal committee of partners and associates and recipients are awarded $10,000 and receive a commemorative plaque.

IN THE NEWS

May 2017
Free at Last

Dechert, together with the Pennsylvania Innocence Project, has helped Shaurn Thomas attain his freedom after 24 years spent in prison for a crime he did not commit. On May 12, 2017, the District Attorney's Conviction Review Unit agreed to vacate Thomas' conviction in the interests of justice. On May 23, the Philadelphia District Attorney's Office made a formal request to vacate Thomas' murder conviction. Philadelphia County Court of Common Pleas Judge Rosemarie DeFino-Nastasi vacated Thomas' conviction and sentence, and he was released from the State Correctional Institution at Frackville later that evening. The judge will hold another hearing at which time the Philadelphia District Attorney's office will announce if they will retry Thomas. Thomas, 43, was represented on a pro bono basis since 2011 by Senior Staff Attorneys James Figorski and Helen Santoro, and retired Partner Thomas Lee.

April 2017
Riding the Wave

Dechert LLP assisted The WhiteWave Foods Company, a leading consumer packaged food and beverage company in North America and Europe, in obtaining U.S. and EU antitrust/competition law clearances, enabling WhiteWave to close on its US$12.5 billion acquisition by Danone SA, a global food company, based in Paris. To secure clearances to close, Danone and WhiteWave agreed with the United States Department of Justice to divest Danone's U.S. dairy subsidiary Stonyfield Farms, Inc. and with the European Commission to divest Danone's "growing-up milk" business in Belgium. The cross-border Dechert antitrust/competition team advising WhiteWave included DC-based partners Paul Denis and Craig Falls and Paris-based partner Melanie Thill-Tayara.

Securing the Cyber

BTI Consulting Group has named Dechert LLP as a leading law firm in cybersecurity. BTI identified Dechert as a firm that stands out among other large firms for its exceptional cybersecurity practices. The law firms named to the list were recognized in the report for being client-oriented and "proactively taking a ground-up approach." BTI Law Firms Best at Cybersecurity is based on 324 in-depth telephone interviews with leading legal decision makers. Dechert's data privacy and cybersecurity practice advises companies on global cybersecurity programs to protect digital infrastructures while continuing to maximize benefits of data profiles as they operate across borders.

December 2016
How Innovative

The Financial Times has ranked Dechert among the top 10 most innovative firms in North America for innovating to solve clients' business challenges in its 2016 "North America Innovative Lawyers" report. Boston-based patent strategist Andrea L.C. Reid was honored as one of just 10 individuals shortlisted as "Legal Innovator of the Year." Reid also won the "Legal Expertise" category entitled "Enabling Clients to Innovate" for work on behalf of drug discoverer Nimbus Therapeutics. The firm also won the "Innovation in Social Responsibility: Pro Bono Cases" category for its efforts in the trafficking of domestic workers.

November 2016
Law Firm of the Year

Dechert LLP has been named "Law Firm of the Year" in Mutual Funds Law in the U.S. News & World Report and Best Lawyers "Best Law Firms" rankings for 2017. The "Best Law Firms" rankings are based on a combination of client feedback, peer review, and information provided on the Law Firm Survey and the Law Firm Leaders Survey. As a full service firm, Dechert is a leading adviser to financial services firms, asset managers and investment funds, representing clients ranging from small start-up and boutique operations to some of the largest financial institutions in the world.

September 2016
Dispute Kings

Dechert LLP's representation of hedge fund manager Elliott Management and affiliate NML Capital in relation to a 13-year legal battle triggered by Argentina's 2001 default on $100 billion of debt has been named Global Dispute of the Year by The American Lawyer as part of its 2016 Global Legal Awards program. The firm's representation of NML Capital in the Argentine bond dispute was ranked first in the "U.S. Litigation (Finance)" category in July. It was subsequently selected by The American Lawyer as the overall winner among disputes that best exemplify the challenges of transnational legal practice.

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Dechert LLP

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

Stats

  • Employer Type: Private
  • Chairman: Andrew Levander
  • CEO: Henry N. Nassau
  • Chair, Hiring Committee: James A. Lebovitz
  • Total No. Attorneys 2017: 982

  • Base Salary
    All Offices
    1st year:  $180,000
    2nd year: $190,000
    3rd year:  $210,000
    4th year:  $235,000
    5th year:  $260,000
    6th year:  $280,000
    7th year:  $300,000
    8th year:  $315,000
    Summer associate:  $3,462/week

  • Summer Associate Offers
    74 out of 75 (2Ls) (2016)

  • Major Departments & Practices

    Antitrust/Competition • Banking & Financial Institutions • Bankruptcy, Business Restructuring & Reorganization • Corporate Employee Benefits & Executive Compensation • Energy & Natural Resources • Finance & Real Estate • Financial Services & Investment Management • Intellectual Property • International Arbitration • International Tax & Private Client Services • International Trade & Government Regulation • Life Sciences • Litigation • Pro Bono

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 • Bonn • Brussels • Dubai • Dublin • Frankfurt • Hong Kong • London • Luxembourg • Moscow • Munich • Paris • Singapore • Tbilisi