Simpson Thacher & Bartlett
Simpson Thacher & Bartlett LLP
| Simpson Thacher & Bartlett LLP | |
 | |
| Headquarters | New York City |
|---|---|
| No. of Offices | 8 total, 4 international |
| No. of Attorneys | 854 (2009) |
| Major Practice Areas | General practice |
| Key People | Richard I. Beattie, Chairman[1] |
| Revenue | $801 million |
| Date Founded | 1884 |
| Founder | John W. Simpson, Thomas Thacher and William M. Barnum |
| Company Type | Limited liability partnership |
is an American law firm. Headquartered in New York City, Simpson Thacher employs over 800 attorneys in eight offices worldwide. The firm is highly regarded[2] for its litigation and corporate practices, with special attention focused on its mergers and acquisitions specialty.
The firm has relationships with private equity firms Blackstone Group and Kohlberg Kravis Roberts, and it has longstanding ties to JPMorgan Chase, Bank of America, and the United States Department of the Treasury.[3]
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.[4] 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.[4]
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 also has offices at the Chrysler Building across the street.
[edit]Associate Compensation
In 2007, Simpson Thacher led the market[5] by raising the base salary for first-year associates to $160,000 per year.[6] In the process, it established the market salary for all of its peer firms in New York City.[7]
[edit]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. In 2007, the partnership earned $2,875,000 profits per partner.[8] The firm also ranks near the top of other various surveys, including the Vault.com Associates Survey, and is generally considered one of the most difficult law firms at which to get a job.[9]
- For 2006, Simpson was ranked #6 on The Vault's Top 100 Most Prestigious Law Firm Rankings, and #4 in New York City.
- It was the number one legal advisor for US announced and completed mergers and acquisitions during 2005.
- The American Lawyer named it a finalist for Litigation Department of the Year in 2006.
- The Lawyer, a UK publication, named Simpson Thacher & Bartlett the US Law Firm of the Year in 2006.
- It was named Leading Law Firm in New York by The International Who's Who of Business Lawyers in 2005.
- At the 2008 ALB China Law Awards[10], Simpson was crowned Deal of the Year - IT/Telecommunications Deal of the Year
- Deal of the Year; China Deal of the Year - 2008 ALB China Law Awards[10].
- In 2008 Simpson was awarded Deal of the Year - Equity Market Deal of the Year by the 2008 ALB Japan Law Awards[10].
- Deal of the Year; Equity Market of the Year - 2008 ALB Hong Kong Law Awards[10].
The head of the firm's litigation department, Barry R. Ostrager, was named the "Leading US Litigation Business Trial Lawyer" by Chambers and Partners in 2006 and has been recognized as one of the "Top Ten Trial Lawyers" in the United States by The Legal 500.[11]
[edit]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.
- Guido Calabresi (Summer Associate)
- Cyrus Vance
- Karenna Gore Schiff
- Thomas D. Thacher
- Thomas Brackett Reed
- Dennis G. Jacobs
- Whitney North Seymour
- Wendell Lewis Willkie II
- Suzanne Nora Johnson
- Anne-Marie Slaughter
- Dwight Morrow
- Eric Vitaliano
[edit]Offices
[edit]North America
[edit]Europe
[edit]Asia
[edit]South America
[edit]See also
[edit]References
- ^ Beattie's firm bio
- ^ Chambers and Partners, Firm Profile; Vault, Firm Profile; IFLR, Firm Profile
- ^ Chambers-Associate Firm Profile
- ^ a b Firm Website, History
- ^ Chambers-Associate Firm Profile
- ^ Anthony Lin, Simpson Hikes Pay; First Years Go to $160,000, New York Law Journal, January 23, 2007
- ^ Chambers-Associate Firm Profile
- ^ "The Full Profits Picture," 6/2007 AMLAW 151
- ^ Chambers and Partners Rankings, Firm Profile
- ^ a b c d www.legalbusinessonline.com.au
- ^ Who's Who Legal, Profile for Barry R. Ostrager
- ^ [1]
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