2020 Vault Rankings
At a Glance
“Collegial and respectful atmosphere.”
“The work is challenging and engaging.”
“The level of substantive work.”
“Very unpredictable hours.”
“Lack of transparency for partnership promotion.”
“Being on call all the time.”
About Dechert LLP
Since its founding in 1875, Dechert has become a force in the global legal market. In the United States, the firm is known for its work in antitrust, international arbitration, financial services, life sciences, strategic transactions and private equity, litigation, white collar, product liability, real estate, and securities.
George Tucker Bispham and Wayne MacVeagh partnered together to form MacVeagh & Bispham in 1875. MacVeagh would eventually leave the firm to become U.S. 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, Dechert began reshaping its business model to become more specialized. The firm began focusing on private equity, intellectual property, and white collar criminal defense. The firm also underwent significant expansion overseas beginning in the late ’90s and through the early 21st century, adding offices everywhere from Russia and China to Dubai and Singapore.
A Range of Expertise
With offices around the globe, Dechert handles cross-border work, has a bustling corporate practice, and is known for its litigation savvy. The firm advises across multiple industries, including banking and financial institutions, energy, financial services, fintech, health care, insurance, life sciences, private equity, real estate, and more.
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.
Its litigation team has more than 350 attorneys with deep experiences in a wide range of areas, including complex commercial litigation, ranging from product liability to appellate litigation, to private equity industry litigation. Meanwhile, its highly regarded real estate lawyers approach their matters from a cross-practice standpoint, bringing in knowledge of construction, environmental, regulatory compliance, litigation, and tax to address client needs.
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 associates and partners who have made exceptional efforts to train and develop the firms’ attorneys. Nominations are reviewed by a formal committee of partners and associates, and recipients are awarded $10,000 plus a commemorative plaque. The firm offers similar awards for Diversity Champions and Legal Innovators.
Support comes in many forms, and another way that the firm stands by its lawyers is through wellness initiatives. THRIVE@Dechert is a work/life and wellness program that offers resources for healthy living, including Meditation Mondays—30 minutes of guided meditation led by a certified meditation teacher—and Mental Health Advocates, who are employees trained to both recognize and support colleagues struggling with mental health issues.
News & Awards
Dechert announced it is introducing a business casual dress code that allows lawyers and business service professionals to wear jeans any day of the week if they choose to do so. The move aims to make Dechert’s talent more comfortable and more innovative, allowing people to do their best work. Clients’ changing policies and young lawyers’ expectations were among the drivers for the change. The firm has made several other enhancements for both attorneys and staff in recent years, including improved parental leave and a wellness initiative.
In what has been described as a “milestone year” by Dechert CEO Henry Nassau, the firm has passed the $1 billion revenue mark. Following a number of strategic lateral team hires, Dechert’s profits per equity partner saw a 1.7 percent increase in 2018 from the previous year. Dechert will continue to seek opportunities to increase its presence in key locations and practices, with Nassau highlighting diversity as a major factor in assessing the firm’s talent pool.
Dechert’s lawyers have been honored by Law360, receiving recognition for their cutting-edge leadership in three separate practice areas. Law360 awarded Dechert’s Asset Management, Product Liability, and Private Equity practices the title Group of the Year in their respective categories. Dechert’s lawyers continue to be involved in market-leading mandates and the firm remains a top choice for major clients due to its global platform.
Dechert has been certified as a Great Place to Work® based on ratings provided by over 750 Dechert partners, attorneys and business professionals. Among the feedback Dechert received, 91 percent of staff are proud to work at Dechert, 90 percent are happy with the resources and equipment they are provided with, and 91 percent say they are given a lot of responsibility. Great Place to Work® is an independent, global authority on high-trust and high-performance work cultures.
- Secured antitrust approval for CVS Health’s US$70bn acquisition of health insurer Aetna, the largest healthcare-services transaction in history.
- Guided the Arab Republic of Egypt through the issuance of US$23bn and €4bn in bonds in just four years, helping restore the country’s foreign currency reserves after sustained economic and political upheaval.
- As part of a decade-long voting rights campaign, Dechert convinced a Kansas federal court to overturn a particularly restrictive voter ID law that disparately impacted the poor and marginalized.
- For Pfizer, obtained sweeping Fourth Circuit affirmance of summary judgment and dismissal of 3,000+ Lipitor-related claims in multidistrict litigation consolidated in South Carolina federal court.
- Ranked #1 for International Pro Bono Work, 2018 (The American Lawyer)
- Named one of the “100 Best Companies” and one of the “Best Law Firms for Women.” 2018, 2019 (Working Mother)
- Perfect score for seventh year in a row in the Corporate Equality Index and named one of the “Best Places to Work for LGBT Equality.” 2019 (Human Rights Campaign)
- Diversity Leader Award, 2019 (Profiles in Diversity Journal)
- Ranked on every one of the Chambers Associate’s Associate Satisfaction Survey lists in 2019—including rankings for Pro Bono, Most Satisfied Associates, Career Opportunities, Benefits and Lifestyle, Retention, and Diversity.
Three Bryant Park
1095 Avenue of the Americas
New York, NY 10036
Phone: (212) 698-3500
Chairman: Andrew Levander
CEO: Henry N. Nassau
Chair, Hiring Committee: James A. Lebovitz
Total No. Attorneys 2019:
750 - 1K
1st year: $190,000
2nd year: $200,000
3rd year: $220,000
4th year: $255,000
5th year: $280,000
6th year: $305,000
7th year: $325,000
8th year: $340,000
Summer associate: $3,654/week
Summer Associate Offers:
36 out of 37 (2Ls) (2018)
No. of Summer Associates:
43 total (37 2Ls; 6 1Ls) (2018)
Los Angeles, CA
New York, NY
Orange County, CA
San Francisco, CA
Silicon Valley, CA
Banking & Financial Institutions
Employee Benefits & Executive Compensation
Energy & Natural Resources
Financial Services & Investment Management
International Trade & Government Regulation
Product Liability and Mass Torts
*See firm website for complete list of practice areas and industries.