2019 Vault Rankings
“Flexible work environment”
“The sense of camaraderie”
“The quality of the work”
“Very long hours”
“Pressure to produce work quickly”
"Training could be more practical and hands on."
Simpson Thacher & Bartlett is a Wall Street institution, housing elite teams in M&A, banking, capital markets, private funds, and litigation and boasting formidable prowess in private equity, real estate, antitrust, and intellectual property. Founded in 1884 by three Columbia Law graduates, Simpson Thacher & Bartlett has been at the forefront of financial and industrial trends throughout its history as generations of attorneys have helped grow Simpson into the global powerhouse that it is today. The firm has been involved in shaping the legal landscape to address the commercial transformations of the last century—from the railroad reorganizations in the late 1800s to the development of the private funds industry in more recent decades.
Wheeling and Private Equity Dealing
In addition to railroad reorganizations, Simpson’s early years included the creation of mining and natural resource companies and the expansion of the public utility system. By the close of World War I, the firm has expanded to represent clients in Europe, Asia, and South America. The 1980s and 1990s saw Simpson develop one of the world’s premier M&A practices, with a unique strength in all aspects of private equity. The firm's many private equity clients include The Blackstone Group, Kohlberg Kravis & Roberts (KKR), First Reserve, Hellman & Friedman, and Silver Lake Partners.
Simpson also handles a variety of transactions for a broad range of corporate and financial institution clients, such as JPMorgan, Alibaba, Goldman Sachs, Microsoft, Hilton, Mars, SiriusXM, Tyco, Toronto-Dominion, Morgan Stanley, UBS, and Travelers. Simpson’s award-winning corporate practice leads front page deals involving M&As, private fund formation and investments, equity and debt capital markets offerings, joint ventures, project financings and infrastructure development, structured financings, syndicated loans, debt restructurings and bankruptcies, privatizations and real estate transactions. The firm’s corporate lawyers handle transactions for the world’s leading banks and private equity firms (including PE sponsors on the five largest completed buyout transactions in history) and for an array of blue chip companies around the world. These companies have also turned to Simpson for advice in hundreds of blockbuster transactions, including Silver Lake's $24.4 billion acquisition of Dell and the IPOs of Google and Facebook.
Defending the Who’s Who
On the dispute resolution side of the house, the firm’s litigation team has helped companies navigate pressing disputes and government investigations, from the outset through trial and appeal. These matters involve antitrust, securities, insurance, intellectual property, and international arbitration and cross-border issues and conduct in more than 58 countries on 6 continents. For decades, Simpson's securities litigators have represented the most prominent financial institutions and corporations in headline-making securities fraud and financial-related litigation, including JPMorgan Chase, SeaWorld, Alibaba, Deutsche Bank, UBS, TD Bank, Morgan Stanley, and Best Buy. Simpson litigators also routinely handle client responses to simultaneous challenges—including overlapping criminal and regulatory investigations, civil securities litigation, and auditor inquiries. Simpson’s litigation docket includes matters for Twitter, the Board of Exxon Mobil, the Wounded Warrior Project, Madoff-related parties, Lehman Brothers, AIG, Fannie Mae, and Freddie Mac.
The Next Generation
Associate training at Simpson begins upon arrival and is available to associates at all levels—ranging from a Simpson-specific Finance curriculum to a Capital Markets “10b-5” podcast series. And Simpson’s centralized staffing gives associates a voice in the types of work they do. A career at Simpson has proven to be an powerful launch pad for a wide range of positions in both the public and private sector—including federal government service (U.S. Attorney’s Offices, DOJ, SEC, federal judicial clerkships), financial services firms, entertainment and sports companies, and leading nonprofits. The firm’s alumni remain part of the broader Simpson family and often turn back to the firm as clients. Simpson alumni include both the CEO and chief legal officer of Travelers, the general counsels of the largest private equity firms including Blackstone, KKR, Silver Lake, and First Reserve, the Commissioner of the Big East Basketball Conference, and a former Secretary of State.
IN THE NEWS
Simpson is advising a Blackstone-led consortium in its $20 billion partnership agreement with Thomson Reuters for Thomson Reuters’ Financial & Risk (F&R), a deal at the intersection of the financial institutions and technology industries. The F&R Business’s Eikon terminals compete directly with Bloomberg’s terminals in providing news, data, and financial analytics to traders, bankers and investors. This announced acquisition represents Blackstone’s biggest buyout in a decade.
Simpson recently enhanced their firm-wide incoming associate orientation, dubbed “STBReady,” taught in partnership with Columbia Business School. The new training initiative is a reflection of the firm’s commitment to innovative training efforts designed to prepare its associates to do more sophisticated legal work, more efficiently, earlier in their careers. The intensive training program includes programs ranging from business and financial literacy to experiential practice group-specific workshops to sessions focused on introducing deep industry-specific knowledge. The goal is to better equip new associates with knowledge to hit the ground running with a better understanding of the firm, firm clients, and practice areas before receiving assignments.
Simpson Thacher received the “Investment Funds Team of the Year” Award at the 2018 Chambers USA Awards. The award recognizes the Firm’s leading Investment Funds Practice, which includes a deep bench of attorneys who have been highly ranked in the Chambers USA 2018: America’s Leading Lawyers for Business legal directory in the areas of Registered Funds, Private Equity Fund Formation and Hedge Funds.
Simpson Thacher represented KKR portfolio company Internet Brands in a $2.8 billion deal for WebMD. WebMD is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. Simpson was named a “Legal Lion” by Law360 for their representation.
Simpson Thacher successfully opposed a motion for class certification in an action brought over a decade ago against the firm’s client, Warner Music Group, as well as other major record companies, including Sony Music Entertainment and UMG Recordings, Inc. In the complaint, plaintiffs alleged that the defendant record companies conspired to fix the wholesale price of digital music downloads sold through Apple’s iTunes Music Store and other online retailers, which constituted violations under the Sherman Act and various state antitrust, unfair competition and consumer protection statutes.
Simpson Thacher represented Walgreens in its acquisition of 2,186 stores and certain distribution centers and other related assets from Rite Aid for $4.175 billion. Walgreens is the nation’s largest retail pharmacy chain and a global pharmacy-led health and wellbeing enterprise, employing more than 400,000 people in more than 25 countries.s.
425 Lexington Avenue
New York, NY 10017
Phone: (212) 455-2000
Employer Type: Private
Chairman of Executive Committee: William R. Dougherty
Hiring Partners: Rajib Chanda, Nicholas Goldin, and Krista Miniutti
Total No. Attorneys 2018: 917
All U.S. offices
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: $3,660/week
98 out of 98 (2Ls) (2018)
New York, NY (HQ)
Los Angeles, CA
Palo Alto, CA
Banking & Credit
Capital Markets & Securities
Energy & Infrastructure
Executive Compensation & Employee Benefits
Government & Internal Investigations
International Arbitration & Dispute Resolution
Mergers & Acquisitions
Product Liability & Mass Tort
Restructuring & Bankruptcy