Simpson Thacher & Bartlett

Simpson Thacher & Bartlett LLP
Headquarters 425 Lexington Avenue
New York City
No. of offices 11 total, 6 international
No. of attorneys 835 (2013)
Major practice areas General practice
Key people William R. Dougherty, Executive Committee Chairman[1]
Revenue Increase US$1.13 billion (2013)[2]
Date founded 1884
Founder John W. Simpson, Thomas Thacher and William M. Barnum
Company type Limited liability partnership
Website
www.stblaw.com

Simpson Thacher & Bartlett LLP[3] is an international law firm headquartered in New York City, employing over 900 attorneys in eleven offices worldwide.[4] The firm specializes in a variety of areas in both litigation and corporate practices, with a focus on mergers and acquisitions. It is among the most profitable large law firms in the world on a per-partner basis according to the American Lawyer’s annual AmLaw 100 Survey.[5] Simpson Thacher had a gross revenue of approximately $1.25 billion in 2014 with an estimated profits per partner of $3,485,000.[5] The firm is also consistently deemed by a number of rankings and surveys as one of the most prestigious law firms in the nation, including AboveTheLaw,[6] Vault 100,[7] and Forbes.[8]

The firm has relationships with private equity firms Blackstone Group, Kohlberg Kravis Roberts, Hellman & Friedman and Silver Lake Partners, and it has longstanding ties to JPMorgan Chase, Bank of America, and the United States Department of the Treasury.[9] Other notable clients include the Alibaba Group,[10][11] Toronto-Dominion Bank,[12] Microsoft,[13] Tesla Motors,[14] Sirius Satellite Radio,[15] Google[16] and Facebook.[17] The firm has represented the buyer in the five largest completed buyouts in history.[18]

History

John W. Simpson, Thomas Thacher and William M. Barnum organized the firm as "Simpson, Thacher & Barnum" on January 1, 1884, with offices at 9 Pine Street.[19] The three were formerly law clerks at the old-line firm Alexander & Green. The first associate salary was ten dollars, and the first retainer fee was fifty dollars.[19] In 1889, the name was changed to "Reed Simpson Thacher & Barnum" when former U.S. House Speaker Thomas Brackett Reed joined the firm. Reed died in 1902, and the name was soon changed to Simpson Thacher Barnum & Bartlett. The final change came in 1904 when it was amended to its current name of Simpson Thacher & Bartlett.

From its original location at 9 Pine Street, the firm has operated at many offices throughout New York City until finally settling at its present location at 425 Lexington Avenue opposite Grand Central Terminal. The firm opened its Los Angeles office in 1996, Palo Alto in 1999 and in Washington, D.C. in 2005. Simpson Thacher began its international expansion in the late 70s, beginning with its London office in 1978. Since then, Simpson Thacher has expanded to Tokyo (1990), Hong Kong (1993), Beijing (2007), and São Paulo (2009).[20]

In 1988, Simpson Thacher, led by longtime chairman Richard Beattie, advised KKR's $25.1 billion acquisition of RJR Nabisco.[21][22] It was, at the time, the largest-ever private-equity purchase in history, the details of which are memorialized in the book "Barbarians at the Gate."[23]

Since opening in 1999,[24] the Palo Alto office has experienced remarkable growth in both size and prominence.[25] The Palo Alto branch is now the firm's second largest office and has come to represent some of Silicon Valley's most distinguished tech titans and private equity firms, playing a hand in a string of record breaking transactions.[26]

Notable alumni

Simpson Thacher lawyers have included U.S. Senators, Solicitors General, a Speaker of the House of Representatives, a Secretary of State, a Secretary of the Army, Ambassadors, Judges on U.S. Circuit and District Courts and the New York State Court of Appeals, presidents of the American Bar Association, and presidents of the Association of the Bar of the City of New York.

Judiciary

Government

Business

Academia

Others

Associate compensation

In 2007, Simpson Thacher led the market[42] by raising the base salary for first-year associates to $160,000 per year.[43] In the process, it established the market salary for all of its peer firms in New York City.[44] Simpson Thacher again led the market in 2014 when it raised associate bonuses by as much as $40,000,[45] matched within hours by other New York elite firms Paul, Weiss, Rifkind, Wharton & Garrison and Cleary Gottlieb Steen & Hamilton.[46]

Rankings and awards

Simpson Thacher is consistently among the most profitable large law firms in the world on a per-partner basis according to the American Lawyer’s annual AmLaw 100 Survey. The firm is also recognized in various other surveys, including Vault.com’s 2010 review of the 20 Best Law Firms to Work For.

References

  1. Doughtery's firm bio
  2. "Inside View, Simpson Thacher Bartlett". Retrieved 2014-08-21.
  3. "Our People".
  4. LLP, Simpson Thacher & Bartlett. "About Us". www.stblaw.com. Retrieved 2015-09-10.
  5. 1 2 "Simpson Thacher %26 Bartlett | The American Lawyer". www.americanlawyer.com. Retrieved 2015-09-10.
  6. "The ATL Power 100 Law Firms (2015)". Above the Law. Retrieved 2016-02-19.
  7. "Vault.com|Best Law companies to work for|Vault Law 100". www.vault.com. Retrieved 2016-02-19.
  8. "Annual Ranking Highlights The Most Prestigious Law Firms In The U.S.". Forbes. Retrieved 2016-02-19.
  9. Chambers-Associate Firm Profile
  10. "Alibaba IPO a Magic Elixir for Simpson Thacher, S&C". Retrieved 2015-09-27.
  11. "Simpson Thacher Leads Alibaba's New $4.6B Deal". Retrieved 2015-09-27.
  12. "Simpson Thacher Represents TD Bank in Acquisition of Epoch". Retrieved 2015-09-27.
  13. Amon, Elizabeth. "WilmerHale, Simpson Thacher, Skadden: Business of Law". Bloomberg.com. Retrieved 2015-09-27.
  14. "Simpson Thacher Represents Underwriters in Securities Offerings by Tesla Motors, Inc. Expected to Raise Combined Gross Proceeds of Approximately $968 Million". Retrieved 2015-09-27.
  15. "Sirius XM Hires Simpson Thacher As It Eyes Ch. 11 - Law360". www.law360.com. Retrieved 2015-09-27.
  16. "Simpson Thacher buffs up dotcom credentials with Google-YouTube lead role". Retrieved 2015-09-27.
  17. McDonough, Molly. "Fenwick and Simpson Thacher Leading Facebook IPO Charge". Retrieved 2015-09-27.
  18. "Simpson Thatcher & Bartlett LLP". www.top-law-schools.com. Retrieved 2015-09-16.
  19. 1 2 Firm Website, History
  20. LLP, Simpson Thacher & Bartlett. "Our History". www.stblaw.com. Retrieved 2015-09-10.
  21. Kolz, Amy (November 2006). "The American Lawyer" (PDF). Market Makers.
  22. "The Blackstone-Simpson Thacher Connection". WSJ Blogs - Law Blog. 2007-03-16. Retrieved 2015-09-27.
  23. "The Blackstone-Simpson Thacher Connection". WSJ Blogs - Law Blog. 2007-03-16. Retrieved 2015-09-27.
  24. LLP, Simpson Thacher & Bartlett. "Our History". www.stblaw.com. Retrieved 2015-09-16.
  25. LLP, Simpson Thacher & Bartlett. "Palo Alto". www.stblaw.com. Retrieved 2015-09-16.
  26. LLP, Simpson Thacher & Bartlett. "Palo Alto". www.stblaw.com. Retrieved 2015-09-16.
  27. LLP, Simpson Thacher & Bartlett. "William H. Hinman". www.stblaw.com. Retrieved 2015-09-16.
  28. "Google IPO Central - Unofficial Site for Latest Investing and Stock Offering News". www.google-ipo.com. Retrieved 2015-09-16.
  29. LLP, Simpson Thacher & Bartlett. "Kirsten J. Jensen". www.stblaw.com. Retrieved 2015-09-16.
  30. "Simpson Thacher Palo Alto Office" (PDF).
  31. "Fenwick, Simpson Thacher Teams Help Launch Facebook IPO - Law360". www.law360.com. Retrieved 2015-09-16.
  32. LLP, Simpson Thacher & Bartlett. "William H. Hinman". www.stblaw.com. Retrieved 2015-09-16.
  33. LLP, Simpson Thacher & Bartlett. "Details". www.stblaw.com. Retrieved 2015-09-10.
  34. "Dealmakers of the Year: Leiming Chen and William Hinman of Simpson Thacher". Retrieved 2015-09-10.
  35. LLP, Simpson Thacher & Bartlett. "Details". www.stblaw.com. Retrieved 2015-09-10.
  36. LLP, Simpson Thacher & Bartlett. "Details". www.stblaw.com. Retrieved 2015-09-10.
  37. "John Finley - Senior Managing Director & Chief Legal Officer, The Blackstone Group.".
  38. "Blackstone Our People".
  39. "Jeffrey Schmidt | LinkedIn". www.linkedin.com. Retrieved 2015-10-25.
  40. "John Finley - Senior Managing Director & Chief Legal Officer, The Blackstone Group.".
  41. "KKR Leadership".
  42. Chambers Firm Profile
  43. Anthony Lin, Simpson Hikes Pay; First Years Go to $160,000, New York Law Journal, January 23, 2007
  44. Chambers-Associate Firm Profile
  45. Gorman, Nathalie (November 21, 2014). "Associates, Rejoice: Simpson Thacher Kicks Off Bonus Season Early". ALM, Law.com.
  46. Jones, Ashby (November 21, 2014). "Elite Law Firms Lift Year-End Bonuses". Wall Street Journal.
  47. "Vault.com|Best Law companies to work for|Vault Law 100". www.vault.com. Retrieved 2015-09-27.
  48. "Simpson Thacher & Bartlett LLP|Company Rankings|Vault.com". www.vault.com. Retrieved 2015-09-16.
  49. "U.S. News - Best Lawyers". bestlawfirms.usnews.com. Retrieved 2016-02-19.
  50. "U.S. News - Best Lawyers". bestlawfirms.usnews.com. Retrieved 2016-02-19.
  51. "Simpson Thacher & Bartlett LLP honored by Department of Defense for patriotic support > Employer Support of the Guard and Reserve". www.esgr.mil. Retrieved 2016-02-09.

External links

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