Squire Patton Boggs

Squire Patton Boggs
Headquarters Key Tower
Cleveland
United States
No. of offices 45 (March 2016)
No. of attorneys Approx. 1,500 (March 2016) [1]
Key people Mark J. Ruehlmann (Chairman and Global CEO)
Revenue $950 million (2016)[2]
Profit per equity partner $845,000 (2016) [3]
Date founded 1890 in Cleveland as Squire, Sanders & Dempsey
1887 in Leeds as Hammond Suddard
1962 in Washington D.C. as Patton Boggs
Company type Swiss Verein
Website
www.squirepattonboggs.com

Squire Patton Boggs is an international law firm with 45 offices in 21 countries including New York, Washington D.C., London, and Cleveland. It was formed in 2014 by the merger of multinational law firm Squire Sanders with Washington, D.C. based Patton Boggs, a white shoe law firm.[4][5][6] It is one of the 30 largest law firms in the world by total headcount and gross revenue, twelfth largest firm in the UK by revenue, and one of the top 10 by number of countries occupied.[7] It is also one of the largest US-headquartered law firms in Asia.

The firm advises a wide range of high profile clients in the oil and gas industry including Exxon Mobil and Royal Dutch Shell,[8] U.S.-based blue-chip health care companies, corporate clients such as Barclays plc and Facebook, and major governmental bodies and organisations in the United States, Europe, and Asia.[9] In addition to its large legal practice, Squire Patton Boggs maintain one of the largest lobbying practices in Washington D.C., gaining extensively from the merger with Patton Boggs, which was a prestigious white shoe law firm and the largest U.S. lobbying firm by revenue between 2003 and 2013.[10][11]

However, due to partner defections following the merger with Squire Sanders, the combined firm's lobbying arm is currently the third-largest in the U.S. after Akin Gump Strauss Hauer & Feld and Brownstein Hyatt Farber Schreck.[12] The lobbying arm, long managed by Thomas Hale Boggs, Jr., is currently managed by former United States Senators John Breaux and Trent Lott.[13]

History

Squire, Sanders & Dempsey

The firm was founded in Cleveland, Ohio, in 1890 as Squire, Sanders & Dempsey.

Until the 1990s, Squire was primarily an Ohio law firm, with only small offices in several other US cities and in Brussels. It was one of the first US law firms to expand into Eastern Europe in the wake of the Cold War, and under the leadership of firm chairman Thomas Stanton, opened several offices in the former Soviet bloc region during the 1990s, taking on a key role in the privatization of state enterprises in the Czech Republic, Slovakia, Hungary, Ukraine and Poland.[14][15] It subsequently absorbed a number of other legal practices including several Pacific Rim offices of Graham & James and the Florida-based law firm of Steel Hector & Davis.[16] The firm also made overtures toward mergers with Denton Wilde Sapte, Seyfarth Shaw and Bryan Cave under Stanton's leadership.[14]

Hammonds

Hammonds was an international law firm headquartered in Leeds, United Kingdom, with offices in Beijing, Berlin, Birmingham, Brussels, Hong Kong, Leeds, Madrid, Manchester, Munich and Paris. Hammonds' origins dated back to the founding of a legal practice in Yorkshire in 1887. Although it was a major firm in Yorkshire and the West Midlands region, it did not open a London office until 1991.[14]

In 2000 Hammond Suddards and Edge Ellison merged, forming Hammond Suddards Edge, at that time the 11th-largest law firm in the UK.[17] The firm's rapid expansion left it 30 million GBP in debt in the early 2000s and led to a downsizing through 2005.[15] The firm was ranked 20th in the UK by turnover in The Lawyer UK 100 2006, with a turnover of £132 million. Throughout 2005-2009, the firm underwent significant restructuring under the stewardship of Managing Partner Peter Crossley. As of 2009, the partnership consisted of approximately 180 partners and over 1,000 employees. Hammonds converted to a Limited Liability Partnership in May 2008.[18]

Hammonds and Squire, Sanders & Dempsey announced that they were in merger talks in August 2010.[19] The partnerships of both firms voted in favour of a merger in November 2010, and it was completed on 1 January 2011, forming the Squire Sanders Swiss verein.[20] The merger with Hammonds added offices in Madrid, Berlin, Paris and Munich to the Squire Sanders network, in addition to significantly boosting its presence in the UK where it previously had only thirty lawyers.[15] London overtook Cleveland as the largest office of the combined firm.[14]

The American Lawyer estimated Squire Sanders to be the 24th largest law firm in the world by number of lawyers[21] and 41st by annual revenue[22] as of 2012.

Patton Boggs

The firm of Patton Boggs was founded in 1962 by James R. Patton, Jr. and joined soon after by George Blow and Thomas Hale Boggs, Jr. It has "participated in the formation of every major multilateral trade agreement considered by Congress."[23] Boggs joined the firm in 1966 after serving as an economist for the Joint Economic Committee and in the executive office of President Lyndon B. Johnson.

The 2014 Vault.com survey of over 18,800 associates ranked Patton Boggs as having the best record for pro bono work in the country,[24] and the firm was among the prestigious white-shoe law firms.[25][26][27]

Following its involvement in a lawsuit with Chevron in Ecuador,[28] Patton Boggs underwent layoffs and partner exits in 2013 amid a 12% drop in revenue, and entered merger talks with Squire Sanders in 2014.[29] The firms announced that they would merge on June 1, 2014 under the name Squire Patton Boggs, adding 330 attorneys to Squire's existing headcount.[30]

Squire Patton Boggs

Chart displaying top 25 lobbying firms, (rank for Jan-Jun 2010.) Squire Patton Boggs is on top of the list.

As a result of the merger, Patton Boggs closed its Anchorage, Alaska office, and a number of high-profile attorneys left the firm, including Benjamin Ginsberg and two other prominent Republican lawyers who joined Jones Day, and a number of healthcare-policy lawyers who joined Akin Gump.[31]

The combined firm adopted Squire Sanders' existing merit pay system for partners over Patton Boggs' more traditional "eat what you kill" system.[32] Partner compensation under the merit system ranges from $300,000 for some non-equity partners to $3 million for the three most highly compensated partners.[14]

The firm currently posts an abnormally high leverage ratio, with almost eight attorneys to every partner, according to its 2014-end-of-the-year numbers for full-time lawyers. The D.C. offices of Squire Sanders and Patton Boggs recently moved into the same building, previously the long-standing home of legacy Patton Boggs. The combined firm kept separate revenue pools for its two legacy partnerships from the June merger until the end of 2014, but these are now unified.[33]

In 2016 the firm announced a merger with San Francisco-based disputes and compliance boutique Carroll, Burdick & McDonough, adding 50 lawyers in California, China, Hong Kong and Germany, including a new office near Stuttgart, in Böblingen.[34]

Locations

As of 2015, Squire Patton Boggs has 45 offices in 21 countries on five continents.[35] The combined firm advises a diverse mix of local and cross-border clients, from Fortune 100 and FTSE 100 corporations to emerging companies and from individuals to local and national governments.[36][37]

Notable people and alumni

Squire Patton Boggs

Squire Sanders

Patton Boggs

Notable cases and representations

References

  1. http://www.nationallawjournal.com/id=1202752207149/The-Am-Law-100-Squire-Patton-Boggs-Looks-Beyond-Washington-For-Revenue-Growth?slreturn=20160325090336
  2. http://www.nationallawjournal.com/id=1202752207149/The-Am-Law-100-Squire-Patton-Boggs-Looks-Beyond-Washington-For-Revenue-Growth?slreturn=20160325090336
  3. http://www.nationallawjournal.com/id=1202752207149/The-Am-Law-100-Squire-Patton-Boggs-Looks-Beyond-Washington-For-Revenue-Growth?slreturn=20160325090336
  4. Editorial, Examiner (October 8, 2012). "Tourism agency uses 'in kind' donations to milk taxpayers". Washington Examiner.
  5. Staff, Observer (August 9, 2013). "Romanoff Under Fire Again for Sidestepping PAC Money Pledge". Colorado Observer.
  6. DeBonis, Mike (August 29, 2008). "Children's Crusade Jack Evans campaigns on fatherhood". Washington City Paper.
  7. "Patton Boggs And Squire Sanders Formally Agree On Their Merger". Forbes. 23 May 2014. Retrieved 1 June 2014.
  8. Mufson, Steven (June 29, 2013). "Patton Boggs becomes mired in an epic legal battle with Chevron over jungle oil pits". Washington Post.
  9. Editorial, Business (May 20, 2014). [. http://www.reuters.com/article/us-patton-boggs-squire-mergers-idUSBREA4J11W20140520 "Exclusive: U.S. law firm Patton Boggs voting on merger with Squire Sanders"] Check |url= value (help). Reuters.
  10. Ashby, Jones (October 8, 2012). "Law-Firm Slowdown Fuels Cuts at Weil Gotshal". Wall Street Journal.
  11. Wheel, Empty (December 5, 2010). "Chris Christie-Patton Boggs Contract Shows Disturbing Trend". Shadow Proof.
  12. Wilson, Daniel (20 January 2016). "Akin Gump Tops Lobbying Figures For 2nd Straight Year". Law360. Retrieved 22 January 2016.
  13. Ho, Catherine (18 September 2014). "Thomas Boggs Jr. death comes as Squire Patton Boggs faces critical juncture". Washington Post. Retrieved 2 December 2014.
  14. 1 2 3 4 5 Triedman, Julie (June 30, 2014). "The Story Behind the Squire Sanders-Patton Boggs Tie-Up". The American Lawyer.
  15. 1 2 3 "How to get a Squire Sanders training contract". Chambers Student. Retrieved 1 June 2014.
  16. Squire Sanders (2011). Squire Sanders partners approve Western Australia combination. Retrieved 27 September 2011.
  17. "Gaining the Edge". The Lawyer. 3 July 2000. Retrieved 29 October 2012.
  18. "Hammonds converts to LLP". The Lawyer. 1 May 2008. Retrieved 29 October 2012.
  19. "Squire Sanders law firm explores merger with Britain's Hammonds". The Washington Post. 30 August 2010. Retrieved 29 October 2012.
  20. "Hammonds, Squire Sanders win 90 per cent backing for merger". The Lawyer. 8 November 2010. Retrieved 29 October 2012.
  21. "The 2012 Global 100: Most Attorneys". The American Lawyer.
  22. "The 2012 Global 100: Most Revenue". The American Lawyer.
  23. "About Us", Patton Boggs
  24. "Vault Rankings: Patton Boggs LLP"
  25. Editorial, IBD (April 3, 2014). "Chevron Takes Battle To Radical Environmentalist Lobby". Free Republic.
  26. Barrett, Paul M. (June 24, 2013). "More Trouble in Big Law: Weil Gotshal and Patton Boggs". Bloomberg Business.
  27. Hinton, Karen (June 1, 2015). "Seven Years Documenting Chevron's Environmental Crimes in Ecuador Pollution Case". HuffPost Business.
  28. "The Fall of the House of Boggs". Politico. Retrieved 29 October 2015.
  29. "Merger Talks Between Patton Boggs, Squire Sanders Moving Forward". Wall Street Journal Law Blog. 26 March 2014. Retrieved 1 April 2014.
  30. Ho, Catherine (24 May 2014). "Patton Boggs agrees to merger with Squire Sanders". Washington Post. Retrieved 25 May 2014.
  31. Smith, Jennifer (30 May 2014). "Some High-Profile Exits from Patton Boggs Amid Merger". Wall Street Journal Law Blog. Retrieved 1 June 2014.
  32. Burton, Lucy (29 May 2014). "Squire Patton Boggs to run with merit-based remuneration structure post merger". The Lawyer. Retrieved 1 June 2014.
  33. Polantz, Katelyn (25 March 2015). "Squire Patton Boggs Shows Stable Revenue Per Lawyer After Merger". National Law Journal. Retrieved 18 May 2015.
  34. Randazzo, Sara. "Merger Alert: Squire Patton Boggs Grabs San Francisco Firm". The Wall Street Journal. Retrieved 23 February 2016.
  35. "Overview". Squire Patton Boggs. Retrieved 30 March 2015.
  36. "Organizational Profile of Squire Patton Boggs (US) LLP". The National Law Review. ISSN 2161-3362. Retrieved 23 January 2016.
  37. Kakolyris, Angelo (November 30, 2015). "Squire Patton Boggs Acts for Coal of Africa Limited on AU$126.4 Million Takeover of Universal Coal". Squire Patton Boggs Website.
  38. "Takata’s lobby spending rises 22% as recall scrutiny intensifies". The Japan Times. Bloomberg. 5 August 2015. Retrieved 11 August 2015.
  39. "Palestinians Hire DLA Piper, Top Law Firm To Lobby For Them". Jewish Business News. 29 July 2015. Retrieved 11 August 2015.
  40. "Federal judge denies two motions filed in DuPont MDL". Wvrecord.com. Retrieved August 11, 2015.
  41. Sassounian, Harut. (19 August 2015) "Turkey Pays Former CIA Director and Lobbyists to Misrepresent Attacks on Kurds and ISIS". Huffington Post. Retrieved 20 August 2015. Huffington Post website
  42. "Linklaters, Allens, Squire Patton Boggs star in Myanmar telecom alliance". Legalbusinessonline.com. Retrieved August 11, 2015.
  43. Ho, Catherine (9 November 2014). "Squire may be forced off major case after conflict check error in Patton Boggs merger". The Washington Post. Retrieved 11 August 2015.
  44. Sherman, John (2000). Latin America in Crisis. Oxford: Westview Press. p. 111.
  45. Steven Mufson (June 29, 2013). "Patton Boggs becomes mired in an epic legal battle with Chevron over jungle oil pits". The Washington Post. Retrieved June 30, 2013.
  46. Barrett, Paul M. (May 27, 2014). "Patton Partners Tainted by Chevron Pollution Case Won't Stay With New Firm". Bloomberg Businessweek. Retrieved 1 June 2014.
  47. https://dolartoday.com/
  48. http://www.bloomberg.com/news/articles/2015-12-17/venezuela-president-s-relatives-plead-not-guilty-to-drug-charges
  49. http://www.univision.com/noticias/narcotrafico/hallan-cocaina-en-residencia-de-familiar-de-maduro-en-dominicana
  50. "Ex-ambassador says he ‘had no earthly idea’ of Stanford fraud". Dallas Morning News. Retrieved 13 November 2015.

External links

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