Dechert

Dechert LLP (/ˈdɛkərt/) is an American multinational law firm of more than 900 lawyers[5] with practices in corporate and securities, complex litigation, finance and real estate, financial services, asset management, and private equity.[6] In 2021, the firm raised revenues by 25%, with a total of $1.3 billion.[3]

Dechert LLP
HeadquartersPhiladelphia, Pennsylvania[1]
No. of offices22[2]
OfficesGlobal
No. of attorneysapproximately 1000 (2017)
Major practice areasGeneral practice
Key peopleCEO Henry Nassau,
Chairman Andrew J. Levander
RevenueIncrease US$1.3 billion (2021)[3]
Profit per equity partnerIncrease US$4.2 million (2021)
Date founded1875
FounderWayne MacVeagh and George Tucker Bispham [4]
Company typeLimited liability partnership
Websitedechert.com

History

The firm's first predecessor, MacVeagh & Bispham, was formed in 1875 by Wayne MacVeagh and George Tucker Bispham.[4] MacVeagh previously served as United States Ambassador to Turkey, and Bispham authored the treatise "Principles of Equity," which was considered the definitive work on the subject at the time.[7][8] MacVeagh went on to become United States Attorney General under President James Garfield, and then United States Ambassador to Italy in 1893.[7] Bispham went on to become a professor at University of Pennsylvania Law School in 1884.[9]

The MacVeagh & Bispham's successor merged with another Philadelphia law firm, Dechert, Smith & Clark, in 1942. After undergoing several more name changes, the firm was known as Dechert Price & Rhoads for many years beginning in 1962, shortening its name to Dechert in 2000.[10]

In the 2018 AmLaw Global 200 survey, Dechert ranked as the 43rd highest grossing law firm in the world.[11] In the same year Dechert reached a settlement with two former staffers over claims that it discriminated against certain staff members because of their sex and age.[12][13] [14] Two former payroll staffers at Dechert filed a complaint against Dechert in 2017, claiming they experienced a culture of bias against older and/or female employees[15][16] at the firm[17] that led to their firing in 2016.[15] They also alleged there was a “boys club[18]@PALaw360 (March 21, 2018). "Dechert has agreed to settle claims from a pair of female ex-payroll staffers who accused the firm of fostering a "boys club" mentality" (Tweet) – via Twitter. at the firm that gave beneficial treatment[16] to younger male employees.[17] Previously, on the eve of trial, the law firm and former associate Ariel Ayanna reached an eleventh-hour deal in[19] a ‘Macho culture' retaliation case[20][21] The attorney had claimed big-league firm Dechert fired him to get back at him for taking time off to care for his mentally ill wife and their newborn, the National Law Journal reported.[22]

Financial Times ranked Dechert in the Top 10 Most Innovative Law Firms in 2019.[23] In 2021, Dechert ranked 5th for the same recognition.[24] Dechert and administrative services provider for the international law firm agreed in the same year to settle claims by a former site manager in Washington D.C. that he was subjected to discrimination and retaliation because he had a stroke, federal court records show.[25]

In 2022, Dechert’s UK unit agreed to pay £20 Million to a former client for compensations for damages caused by its former UK partner and white-collar crime head Neil Gerrard.The UK High Court found Neil Gerrard committed ‘gross and knowing breach of duty’ as he leaked confidential documents of his client.[26]

Furthermore, the UK Dechert unit was sued by former partner Monica Gogn for workplace discrimination due to race and sex. The employment tribunal filing document stated that the proceedings levelled against “Dechert LLP & Others” “dismissed following a withdrawal of the claim by the claimant”.[27]

Dechert's headquarters moved to Philadelphia's Cira Centre in 2005.

Pro bono activities

Dechert has been recognized among the top 10 U.S. law firms for pro bono work in The American Lawyer's Pro Bono Survey, an annual report which rates the nation's 200 highest grossing law firms based on their level of pro bono activity.[28] The report confirmed that it remained the top law firm for international pro bono work.[29] In August 2014, Dechert received the American Bar Association Pro Bono Publico Award.[30]

In 2020, Dechert received the ABA Business Law Section National Public Service Award.[31] In 2021, the firm was rated #1 for international pro bono work by The American Lawyer.[32]

Notable lawyers and alumni

See also

References
  1. “Business Name History: Dechert LLP,” Pennsylvania Department of State
  2. "Locations".
  3. Packel, Dan (January 31, 2022). "Dechert Grew Revenue 25%, Profits 50% in 'One for the History Books' | The American Lawyer". www.law.com.
  4. Dalton, Brian (2007). Vault Guide to the Top New York Law Firms. Vault Inc. ISBN 9781581315004.
  5. "Dechert LLP". www.law.com. Retrieved Jul 21, 2022.
  6. "Services". www.dechert.com. Retrieved Jul 21, 2022.
  7. "Isaac Wayne MacVeagh - People - Department History - Office of the Historian". history.state.gov.
  8. Draper Lewis, Wm (1906). "George Tucker Bispham". The American Law Register. 54 (12): 718–725. JSTOR 3307221.
  9. Lewis, Wm. Draper (1906). "George Tucker Bispham". The American Law Register. 54 (12): 718–725. JSTOR 3307221.
  10. "History".
  11. "The Global 200, Ranked by Revenue | The American Lawyer".
  12. "Dechert Settles Female Staffers' Sex Discrimination Case". www.law.com. March 20, 2018.
  13. "Dechert Settles Female Staffers' Sex Discrimination Case". www.law360.com. March 20, 2018.
  14. "Dechert Settles Female Staffers' Sex Discrimination Case". finance.yahoo.com. March 20, 2018.
  15. "Ex-Staffers Sue Dechert Alleging Age, Sex Bias". finance.yahoo.com. November 9, 2017.
  16. "Biglaw Firm Uses Technology As A Defense In Discrimination Case". abovethelaw.com. January 31, 2018.
  17. "Dechert settles discrimination suit by 2 former payroll managers". www.abajournal.com. March 23, 2018.
  18. "Ex-Staffers Sue Dechert Alleging Age, Sex Bias". finance.yahoo.com. November 9, 2017.
  19. "Dechert Avoids Trial Over Ex-Atty's 'Macho Culture' Claims". www.law360.com. February 12, 2013.
  20. "Ayanna v. Dechert: Male Attorney Sues Law Firm for Macho Culture". finance.yahoo.com. December 17, 2010.
  21. "Dechert and Former Associate Settle 'Macho Culture' Retaliation Case". www.law.com. February 11, 2013.
  22. "Corporate Lawyer Says He Got Axed For Not Conforming To Male Stereotypes". www.businessinsider.com. Oct 19, 2012.
  23. "Law firm leaders force pace of change to stay ahead". Financial Times. December 9, 2019.
  24. "Digital delivery from the daily grind for younger lawyers". Financial Times. December 9, 2021.
  25. "Dechert Settles Disability Bias Suit by Ex-Site Manager in D.C." news.bloomberglaw.com. June 26, 2021.
  26. "Former Dechert partner slammed for leaking to press about his own client". www.legalcheek.com. May 17, 2022.
  27. "The Law's Gender Problem". www.bywire.news. October 2, 2020.
  28. "The 2018 Pro Bono Scorecard | The American Lawyer". www.law.com. Retrieved 2018-07-31.
  29. effreys, Brenda Sapino (27 June 2018). "Big Law Acted on Impulse in Outpouring of Pro Bono Effort | The American Lawyer". www.law.com. Retrieved 23 August 2018.
  30. "Past Recipients". www.americanbar.org. Retrieved 2018-07-31.
  31. "Business Law Section honors four lawyers, law firm with awards". American Bar Association. October 8, 2020.
  32. "The 2021 Pro Bono Scorecard: International Rankings | The American Lawyer". www.law.com. June 28, 2021.
  33. "Harvey Bartle III | Eastern District of Pennsylvania | United States District Court". www.paed.uscourts.gov. Retrieved Jul 21, 2022.
  34. Fowler, Glenn (Jan 16, 1990). "Joseph S. Clark Is Dead at 88; Ex-Mayor and Reformist Senator". Retrieved Jul 21, 2022 – via NYTimes.com.
  35. "Bloomberg Industry Group". www.bloombergindustry.com. Retrieved Jul 21, 2022.
  36. "Attorney General Sessions Welcomes Steven Engel As Assistant Attorney General for the Office Of Legal Counsel". www.justice.gov. Nov 7, 2017. Retrieved Jul 21, 2022.
  37. "Biographies". www.defense.gov. Retrieved Jul 21, 2022.
  38. Day, Elizabeth (Jul 30, 2016). "Miriam González Durántez on sexism, Brexit and what she cooked Nick Clegg on that 'devastating' night of political defeat". Retrieved Jul 21, 2022 – via www.telegraph.co.uk.
  39. "Paul G. Haaga, Jr". www.npr.org. Retrieved Jul 21, 2022.
  40. "Dechert Lures Ex-Prosecutor David Kelley From Cahill". The American Lawyer. Retrieved Jul 21, 2022.
  41. "President Obama Announces Intent to Nominate Cheryl Ann Krause to Serve on the United States Court of Appeals". obamawhitehouse.archives.gov. Feb 5, 2014. Retrieved Jul 21, 2022.
  42. M. Leibovich. “In the Spotlight And on the Spot,” Washington Post, October 23, 2005
  43. Slater, Dan (May 21, 2008). "A Q&A With Goodfellas Actor (and Dechert Lawyer) Ed McDonald". Retrieved Jul 21, 2022 – via www.wsj.com.
  44. “Judge Profile: Mary A. McLaughlin,” The Legal Intelligencer
  45. “Lisa Scottoline: A Legal Thriller!,” Penn Law Journal, Spring 2001
  46. "Norma Levy Shapiro". Jewish Women's Archive. Retrieved Jul 21, 2022.
  47. ""An Oral History of Arlen Specter," Philadelphia Magazine, November 30, 2007". Retrieved Jul 21, 2022.
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