Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates at a Glance

Uppers

  • “Quality of colleagues”
  • “Challenging, invigorating assignments”
  • “The firm's prestige”

Downers

  • “Unpredictable hours”
  • “Difficult to make partner”
  • “Leadership not very transparent”

About Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates

Giant Among Mortals

Kind of like Oprah or Beyoncé, Skadden is a giant among mortals. Known by its one name, it sits atop its world, continuously topping the AmLaw 100 as one of the most profitable law firms. It was the first law firm to report $1 billion in annual revenue-now an industry brass ring. But it's not just about the money or numbers-Skadden consistently draws top accolades from the most esteemed rankings: Chambers, The American Lawyer, The National Law Journal, and the Financial Times. The firm also gets regular annual kudos from industry-specific publications-such as Corporate Board Member's ranking of "America's Best Corporate Law Firms"-and overseas rankings.

A Consummate Corporate Practice

Much of Skadden's ethos can be attributed to Joe Flom, who started at Skadden three months after its 1948 founding (legend has it that Flom's early wages came from a weekly pinochle pot) and whose name graced the door a mere 13 years later. Flom-who was active in the firm almost up until his passing, at 87, in February 2011-participated in most of the major M&A deals of the 70s and 80s, establishing Skadden's hard-nosed style and building a reputation for aggressive strategies. Flom also spearheaded the firm's practice diversification efforts from its original M&A base. Skadden now boasts top-notch restructuring, corporate finance, tax, intellectual property, real estate, white-collar defense, and commercial, securities, and products liability litigation groups, among countless others. One example of the expansion of the firm's strengths: According to statistics from Lex Machina, Skadden served as defense counsel in more federal securities cases in the U.S. from 2009 to 2016 than any other firm.

Brioche and Butter

Multifaceted as it is, Skadden's forte is still M&A. Deals such as DuPont-Conoco, U.S. Steel-Marathon Oil, and most notably the 1989 takeover of RJR Nabisco launched Skadden onto the top rung of American law firms. Recent notable M&A deals handled by the firm include representing DuPont in its $130 billion merger of equals with Dow Chemical and EMC Corp. in its $67 billion sale to Dell and NXP Semiconductors N.V. in its $47 billion acquisition by Qualcomm Incorporated. It's not surprising then that Skadden became the first law firm to ever handle over $1 trillion in global announced M&A deals in a single year (2015) and that it's consistently ranked in the top tier for M&A by Chambers USA, Chambers Global, U.S. News-Best Lawyers, and The Legal 500. In 2016, Chambers USA gave the firm an Award for Excellence for having the nation's top M&A practice.

Litigation: Bigger Is Better

Don't be deceived by Skadden's M&A foundation-the firm's litigators are first-rate. Among other recent victories, the firm successfully represented international video game producer ZeniMax Media in its IP action against Facebook-the jury found that the social media giant misappropriated proprietary information to develop its VR headset and awarded ZeniMac $500 million, one of the largest-ever jury verdicts for a copyright, trademark and/or trade secret claim. The firm also represented Wells Fargo Bank in its settlement of an investigation by the Consumer Financial Protection Bureau (CFPB)-one of the largest and most complex CFPB investigations to date-regarding the bank's sales practices. Skadden also has an active London dispute team and a top-ranked Asia Pacific international arbitration and litigation group. Their recent successes include securing a $1.2 billion award for NTT DOCOMO, Japan's largest telecommunications company, in an arbitration against Tata Sons at the London Court of International Arbitration. Skadden has also handled major matters stateside for the likes of Barclays, BlackRock, Crédit Agrícole, Daimler, Deloitte, JPMorgan Chase, KPMG, Pfizer, Société Générale, and UBS.

Skadden has also been an MVP in recent high-profile sports litigation. After an audio tape of former LA Clippers owner Donald Sterling making racist remarks made its way to the media, the NBA fined Sterling $2.5 million banned him from the NBA for life, which prohibited his participation in the business operations or management of the Clipoers. When Sterling challenged the fine, ban, and the sale of the Clippers to Microsoft's Steve Ballmer, Skadden convinced the federal district court to dismiss the charges against the firm's clients, the NBA and Commissioner Adam Silver. The firm also secured precedential rulings in a Third Circuit affirmance and a permanent injunction on behalf of the NCAA, NBA, NFL, NHL, and MLB, which successfully thwarted a years-long attempt by the state of New Jersey to bypass clear restrictions on sports gambling in state casinos and racetracks.

Taxation With Representation

Skadden's Tax group advises on many of the most complex and noteworthy transactions-both domestic and cross-border, and across all industries-and assists clients in resolving large, complex, and global tax controversies. The group's recent, transactional work has included handling the tax aspects of the largest-ever semiconductor deal (Broadcom/Avago) and the complex tax issues for Apex Technology Co. as a member of a buyer consortium in its $4 billion acquisition of Lexmark International. Skadden's tax litigators have been involved in many of the most significant tax cases, including a recent victory for Amazon in the U.S. Tax Court involving one of the largest transfer pricing cases in decades and the first involving e-commerce. Clients also regularly turned to Skadden to handle sensitive tax investigations and to defend tax-related class actions and professional liability disputes.

IN THE NEWS

May 2017
16 Going on 17
For 17 consecutive years-every year the rankings have been published-Skadden has been named the top U.S. law firm in Corporate Board Member magazine's annual survey of "America's Best Corporate Law Firms." The survey reflects the opinions of more than 500 directors and general counsel of publicly traded companies. The New York Stock Exchange Governance Services Group, who conducted the survey, asked respondents to name "a firm they would most likely turn to for corporate legal matters of national scope."

A BonFIRE in May
Skadden's Financial Institutions Regulation and Enforcement Group (FIRE) was named Financial Services Regulatory Team of the Year at the annual International Financial Law Review Americas Awards on May 18 in New York. A week later, FIRE attorneys were among those honored at the Chambers USA Awards for Excellence, where Skadden was named Securities and Financial Services Regulation Team of the Year. The firm was recognized for advising on the full range of regulatory, enforcement and legislative matters affecting financial services clients in significant transactions, such as representing Citigroup in its multipart exit of banking operations in multiple countries, and Crédit Agricole CIB, and its parent, Crédit Agricole SA, in resolving a seven-year investigation into Crédit Agricole CIB's compliance with U.S. economic sanctions laws.

March 2017
International "A" Team
Skadden was named International Arbitration Team of the Year at the 2017 Legal Business Awards on March 23 in London.

January 2017
360 Degrees of Separation
Skadden was named a Firm of the Year 2016 by Law360, tying with one other firm for the most 2016 Practice Group of the Year awards received out of a total of 80 law firms. The firm was honored with Practice Group of the Year awards in seven areas: Bankruptcy, Capital Markets, International Arbitration, Mergers and Acquisitions, Real Estate, Sports and Tax. The awards were given to firms that "racked up victories in litigation and closed the big deals to make their mark among clients and throughout the legal industry."

Deus [L]ex Machina
According to statistics from Lex Machina, a provider of law firm data analytics, Skadden resolved more federal securities cases as defense counsel in 2016 than any other law firm.

December 2016
The Rainbow Connection
The Human Rights Campaign Foundation again named Skadden one of the "Best Places to Work for LGBT Equality." For the eighth time in nine years, the firm received a perfect score of 100 percent on HRC's "Corporate Equality Index," which evaluates businesses on the basis of their LGBT-related policies and practices.

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Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates

Four Times Square
New York, NY 10036
Phone: (212) 735-3000

Stats

  • Employer Type: Private
  • Executive Partner: Eric J. Friedman
  • Hiring Partner: Howard L. Ellin
  • Total No. Attorneys 2017: 1,742

  • Base Salary
    All U.S. 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: $3,500/week
    1L Scholar: $3,500/week

  • Summer Associate Offers
    170 out of 171 (2Ls) (2016)

  • Major Departments & Practices
    Antitrust and Competition • Banking • CFIUS • Class Action Litigation • Consumer Financial Services Enforcement and Litigation • Corporate • Corporate Finance • Corporate Governance • Corporate Restructuring • Derivative Financial Products, Commodities and Futures • Energy and Infrastructure Projects • Energy Regulation and Litigation • Environmental • European Union/International Competition • Executive Compensation and Benefits • False Claims Act Defense • Financial Institutions • Government Enforcement and White Collar Crime • Health Care and Life Sciences • Insurance • Intellectual Property and Technology • International Litigation and Arbitration • Investment Management • Labor and Employment Law • Litigation • Mass Torts and Insurance Litigation • Mergers and Acquisitions • Patent and Technology Litigation and Counseling • Political Law • Privacy and Cybersecurity • Private Equity • Real Estate/Real Estate Investment Trusts • Securities Enforcement and Compliance • Securities Litigation • Sports • Structured Finance • Tax • Tax Controversy and Litigation • Trusts and Estates

Major Office Locations

  • New York, NY (HQ) • Boston, MA • Chicago, IL • Houston, TX • Los Angeles, CA • Palo Alto, CA • Washington, DC • Wilmington, DE Beijing • Brussels • Frankfurt • Hong Kong • London • Moscow • Munich • Paris • São Paulo • Seoul • Shanghai • Singapore • Tokyo • Toronto