To Leading Law Firms

UIDE TO LEADING LAW FIRMS

THE AM LAW 100/200 THE GLOBAL 100 THE A-LIST THE CORPORATEUIDE SCORECARD

UIDE UIDE

ZEUGHAUSER GROUP’S 2015 POCKET GUIDE TO THE AMERICAN LAWYER RANKINGS UIDE Dear Clients and Other Friends:

We are delighted to present you with The ZGuide to the 2015 Am Law 200 and 2014 Global 100. These lists may be described more accurately as “back to the future” than as the “new normal.” Close to 10% of the Am Law 200 comprise an elite group of firms with a significant presence in New York City, nearly all of them predominantly corporate. The next 25% or so are highly successful full-service corporate firms anxious about sustaining and enhancing their ability to compete for top clients, work, and talent. The balance are harder to pigeonhole into one category or another. One could have said the same things about the same lists a quarter-century ago. Perhaps this is unsurprising; the 2015 Am Law 200 lists reflect the return to a healthy U.S economy dominated by healthy large-cap companies and financial institutions. Digging under the numbers, though, little remains the same. Now the top 200 nearly always compete for work on every matter, and costs and fee arrangements are nearly always material drivers of client hiring decisions. Client work commonly spans the globe. What was once a seller’s market for first-year associates has been disrupted and, according to some pundits, is

• ZGuide • evaporating. Summer associate programs, once a series More change lies ahead for Big Law. According to of indulgent recruiting events designed to produce high McKinsey, there are 8,000 large companies in the world yields, are now real work-a-thons, shrinking in size and, today (companies with over $1 billion in revenue). in some instances, disappearing. An army of contract Over the next ten years, as the rebalancing of the global lawyers, augmented with LPOs and e-discovery economy and its shift to Asia comes to fruition, 7,000 companies, has replaced brigades of young associates. new large companies will be added to the mix. Just Fourteen- and fifteen-year tracks to full equity shy of 5,000 of them will be in emerging economies; partnership abound. The gap between high-earning and almost 3,000 of those will be in China alone. Twenty low-earning partners in any given firm is likely double percent of the Fortune 500 will be in China. Disneyland or more what it was a quarter-century ago. The legal will open in Shanghai next year. Three hundred and industry has been restructured, and it isn’t over yet. thirty million people will live within a three- hour Perhaps the most stunning event of 2014 was drive of the new amusement park. Metaphorically, Dacheng Denton’s formation of a 6,000-lawyer China will be Big Law’s new Disneyland. firm that has proclaimed a growth strategy, which, History often predicts the future. In each year’s if achieved, will make it 10,000 lawyers in short ZGuide, we espouse our belief that market leadership order. Suddenly, much of the Am Law 200 seem like will become a still stronger imperative not just for Small Law, not Big Law. The next-largest firms in success, but for sustainability, and that relentless an industry that has been consolidating slowly for focus on being at the top will be the only solve for nearly three decades seem to have acquired a sense surviving the legal industry’s crucible of change. of urgency to get much bigger much more quickly. We also reiterate the imperative of surpassing the Size (relative to market) has emerged alongside expectations of increasingly sophisticated clients and profitability as a major driver of success, particularly maintaining high levels of profitability. We underscore for the “nifty fifty” occupying the second tier. those imperatives again here. For firms that achieve Stirring the pot, The American Lawyer and Citibank, market leadership, the opportunities remain boundless. the granddaddies of law firm rankings and peer group In 2015 we are evermore grateful to our clients, studies, have redefined financial success. The former the many Am Law 200 and Global 100 firms has introduced profits per lawyer as a new metric, that participate in our Chair, COO, and CMO and the latter now is underscoring contribution per Roundtables, and our many other friends in the lawyer as a key metric. The upshot is that after two industry for your interest in and enduring support decades of the industry simultaneously attacking of our work. We also want to express our gratitude and embracing profits per equity partner as a key for your extraordinary contributions of time and metric of success, the deck has been shuffled. The new money to pro bono representations and to your metrics have created a new set of winners and losers. communities across the globe. You inspire us. We

• ZGuide • • ZGuide • join all of you in your belief that these contributions are essential underpinnings of your success and the success of the legal system we cherish. Table of Contents We look forward to working with you in choosing, achieving, and sustaining market leadership! Sincerely,

Ron Beard R. Bruce McLean Methodology The Am Law 200, The A-List ...... 2

Norm Rubenstein Jack Walker The Am Law 200 Ranked by Profits Per Equity Partner ...... 4

The Am Law 200 Mary K Young Peter Zeughauser Ranked by Value Per Lawyer ...... 24

Methodology Kent Zimmermann Lonnie Zwerin The Global 100 ...... 34 The Global 100 © ALM Media Properties, LLC and Zeughauser Group, LLC Ranked by Profits Per Equity Partner...... 36 Chart information reprinted with permission from the April, May, June, August 2015 and October 2014 issues of The American Lawyer (The Am Law 100, The Am Law 200, The Corporate Scorecard, The A-List, and The Global 100). Methodology © 2014 and 2015 ALM Media Properties, LLC The Corporate Scorecard ...... 46

The Corporate Scorecard Mergers and Acquisitions ...... 48 Buyouts ...... 49 U.S. IPOs ...... 50 Equities by U.S. Corporations ...... 50 Investment-Grade Debt ...... 51 High-Yield Debt ...... 52 Project Finance ...... 53

Law Firm Index ...... 54

• ZGuide • ZGuide • 1 The Am Law 200

• Profits Per Equity Partner (PPEP) is calculated by dividing net operating income by the number of equity partners. Methodology • Revenue Per Lawyer (RPL) is calculated by dividing gross revenue by the number of lawyers. • Compensation Average, All Partners, is the net operating income plus fixed-income compensation to nonequity partners divided by the number of equity and nonequity partners. • Value Per Lawyer (VPL) is calculated by dividing the net The Am Law 200 is reported by ALM Media‘s operating income plus fixed-income compensation to non- publications throughout the United States, including equity partners by the total number of lawyers. That num- The American Lawyer, The Connecticut Law Tribune, ber is then divided into $10 million to determine how many Daily Business Review (Miami), Daily Report lawyers it takes to generate that amount. (Atlanta), The Legal Intelligencer (Philadelphia), The National Law Journal/Legal Times, The New Jersey Location of Firms Law Journal, The Recorder (San Francisco), and Some firms are identified as “international” or “national,” Texas Lawyer. rather than identifying them by city, according to the percentage of the firm‘s attorneys in various regions of the Most law firms provide their financials voluntarily for country and the percentage who work outside the United this report, but all data, whether it comes officially States. Those breakouts are obtained from the most recent from the firm or not, is investigated by reporters. National Law Journal NLJ 350 survey. If 40 percent or more of the firm‘s lawyers were located outside the U.S., the firm is Definitions identified as “international.” If no more than 45 percent of the Gross revenue is fee income from legal work only. It does not firm‘s attorneys were located in any one region of the country, include disbursements or income from nonlegal ancillary the firm is identified as “national.” businesses. Net is compensation paid to equity partners. Vereins are broken out separately because their organizational Equity partners are those who receive no more than half their structure, particularly regarding profit sharing, differs compensation on a fixed-income basis. Nonequity partners significantly from that of traditionally structured Am Law firms. are those who receive more than half their compensation on a fixed-income basis. Retired partners and of counsel are not The A-List counted as partners. The A-List, comprised of just 20 firms, is determined by rankings in four surveys — The American Lawyer‘s Revenue Per Lawyer Lawyer numbers are full-time-equivalent figures for the 2014 (from the Am Law 200), Pro Bono, and Midlevel Associate calendar year taken from The National Law Journal ’s most Surveys, and The Minority Law Journal ‘s Diversity Scorecard. recent NLJ 350 survey. Temp and contract attorneys are not To determine each firm‘s score, points are doubled for both included. Revenue Per Lawyer and Pro Bono rankings and then added to the scores for the Midlevel Associate Survey and Diversity Calculations Scorecard rankings. • Gross Revenue is rounded to the nearest $500,000. • Profits Per Equity Partner, Revenue Per Lawyer,and Additional information about the A-List is available on Compensation Average, All Partners are rounded to the americanlawyer.com and in the August 2015 issue of The nearest $5,000. American Lawyer. u

2 • ZGuide ZGuide • 3 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

Names of firms ranked 101 to 200 on The Am Law 200 are in bold. Firms noted with a star () are on The American Lawyer's “A-List.” (See the methodology on pages 2 and 3.)

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners Wachtell, Lipton, Rosen & Katz 1 1 $5,500,000 $702,500,000 44 $2,630,000 1 $5,500,000 267 Lawyers, 83 Equity Partners, New York

Quinn Emanuel Urquhart & Sullivan 2 2 $4,925,000 $1,103,500,000 23 $1,555,000 3 $3,865,000 710 Lawyers, 147 Equity Partners, National

Paul, Weiss, Rifkind, Wharton & Garrison 3 5 $3,845,000 $1,036,500,000 26 $1,100,000 27 $3,845,000 943 Lawyers, 135 Equity Partners, New York

Sullivan & Cromwell 4 4 $3,680,000 $1,276,000,000 13 $1,585,000 2 $3,680,000 805 Lawyers, 170 Equity Partners, New York

Irell & Manella  5 6 $3,625,000 $247,500,000 125 $1,555,000 3 $3,625,000 159 Lawyers, 45 Equity Partners, Los Angeles

Cahill Gordon & Reindel 6 3 $3,615,000 $380,000,000 82 $1,165,000 18 $3,310,000 327 Lawyers, 62 Equity Partners, New York

Kirkland & Ellis  7 8 $3,510,000 $2,150,000,000 5 $1,365,000 8 $1,870,000 1,576 Lawyers, 337 Equity Partners, National

Simpson Thacher & Bartlett 8 9 $3,485,000 $1,245,500,000 17 $1,340,000 9 $3,485,000 929 Lawyers, 187 Equity Partners, New York

Cravath, Swaine & Moore 9 7 $3,365,000 $648,000,000 52 $1,465,000 5 $3,365,000 442 Lawyers, 91 Equity Partners, New York

Davis Polk & Wardwell 10 12 $3,295,000 $1,072,000,000 24 $1,230,000 14 $3,295,000 871 Lawyers, 153 Equity Partners, New York

Cleary Gottlieb Steen & Hamilton  11 13 $3,230,000 $1,250,000,000 16 $1,060,000 32 $3,230,000 1,178 Lawyers, 185 Equity Partners, International

Gibson, Dunn & Crutcher  12 11 $3,045,000 $1,466,000,000 11 $1,215,000 16 $2,725,000 1,204 Lawyers, 292 Equity Partners, National

Boies, Schiller & Flexner 13 10 $3,025,000 $345,000,000 91 $1,225,000 15 $1,590,000 282 Lawyers, 43 Equity Partners, National

Skadden, Arps, Slate, Meagher & Flom  14 14 $2,905,000 $2,315,000,000 4 $1,400,000 6 $2,905,000 1,654 Lawyers, 383 Equity Partners, National

Latham & Watkins  15 17 $2,900,000 $2,612,000,000 1 $1,245,000 11 $2,350,000 2,100 Lawyers, 457 Equity Partners, National

BuckleySandler 16 37 $2,815,000 $155,000,000 165 $1,090,000 28 $2,815,000 142 Lawyers, 32 Equity Partners, Washington, DC

Milbank, Tweed, Hadley & McCloy  17 16 $2,745,000 $761,000,000 40 $1,240,000 12 $2,645,000 614 Lawyers, 144 Equity Partners, New York

Willkie Farr & Gallagher 18 19 $2,560,000 $640,000,000 55 $1,155,000 19 $2,560,000 554 Lawyers, 138 Equity Partners, New York

Weil, Gotshal & Manges  19 24 $2,405,000 $1,151,000,000 20 $1,075,000 29 $1,890,000 1,072 Lawyers, 171 Equity Partners, National

Debevoise & Plimpton  20 18 $2,380,000 $710,500,000 41 $1,155,000 19 $2,380,000 615 Lawyers, 134 Equity Partners, New York

4 • ZGuide ZGuide • 5 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners

Paul Hastings  21 21 $2,360,000 $1,000,500,000 27 $1,145,000 22 $2,015,000 873 Lawyers, 197 Equity Partners, National

King & Spalding 22 23 $2,355,000 $934,000,000 29 $1,055,000 34 $1,465,000 886 Lawyers, 170 Equity Partners, National

Dechert 23 22 $2,315,000 $839,500,000 35 $955,000 55 $1,570,000 877 Lawyers, 163 Equity Partners, National

Schulte Roth & Zabel 23 20 $2,315,000 $400,500,000 76 $1,140,000 23 $2,315,000 351 Lawyers, 84 Equity Partners, New York

Cadwalader, Wickersham & Taft 25 15 $2,210,000 $481,500,000 65 $1,065,000 31 $1,680,000 452 Lawyers, 56 Equity Partners, New York

Hughes Hubbard & Reed  26 25 $2,145,000 $394,000,000 78 $1,185,000 17 $1,885,000 332 Lawyers, 77 Equity Partners, New York

Proskauer Rose 27 25 $2,100,000 $818,500,000 36 $1,135,000 24 $1,715,000 721 Lawyers, 172 Equity Partners, New York

White & Case 28 28 $2,005,000 $1,503,000,000 10 $800,000 81 $1,540,000 1,878 Lawyers, 275 Equity Partners, International

Sidley Austin 29 27 $1,990,000 $1,753,500,000 9 $995,000 45 $1,280,000 1,761 Lawyers, 306 Equity Partners, National

Kasowitz, Benson, Torres & Friedman 30 54 $1,965,000 $263,000,000 119 $780,000 86 $1,245,000 337 Lawyers, 51 Equity Partners, New York

Ropes & Gray  31 35 $1,930,000 $1,115,500,000 22 $1,070,000 30 $1,930,000 1,041 Lawyers, 268 Equity Partners, National

Vinson & Elkins 32 35 $1,925,000 $653,500,000 50 $1,045,000 37 $1,590,000 624 Lawyers, 144 Equity Partners, Houston

Munger, Tolles & Olson  33 31 $1,910,000 $266,000,000 118 $1,400,000 6 $1,910,000 190 Lawyers, 85 Equity Partners, Los Angeles

Wilson Sonsini Goodrich & Rosati 33 32 $1,910,000 $646,000,000 53 $965,000 53 $1,600,000 670 Lawyers, 125 Equity Partners, Palo Alto

Shearman & Sterling 35 30 $1,905,000 $845,000,000 34 $1,030,000 41 $1,715,000 821 Lawyers, 157 Equity Partners, International

Akin Gump Strauss Hauer & Feld  36 29 $1,885,000 $868,000,000 33 $1,055,000 34 $1,455,000 822 Lawyers, 189 Equity Partners, National

Fragomen, Del Rey, Bernsen & Loewy 37 43 $1,835,000 $441,000,000 69 $940,000 58 $1,355,000 469 Lawyers, 62 Equity Partners, International

Fried, Frank, Harris, Shriver & Jacobson 38 41 $1,815,000 $460,000,000 66 $1,110,000 26 $1,670,000 414 Lawyers, 107 Equity Partners, New York

Kramer Levin Naftalis & Frankel 38 33 $1,815,000 $320,500,000 99 $1,040,000 38 $1,525,000 308 Lawyers, 67 Equity Partners, New York

Choate Hall & Stewart 40 39 $1,810,000 $194,500,000 151 $1,240,000 12 $1,445,000 157 Lawyers, 59 Equity Partners, Boston

6 • ZGuide ZGuide • 7 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

1 Census numbers and financials do not include the lawyers who joined Morgan, Lewis & Bockius from the former Bingham McCutchen in late November.

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners Goodwin Procter 41 42 $1,745,000 $785,500,000 38 $1,040,000 38 $1,305,000 755 Lawyers, 189 Equity Partners, Boston

Cooley 42 47 $1,735,000 $802,000,000 37 $1,060,000 32 $1,415,000 755 Lawyers, 176 Equity Partners, Palo Alto

Baker Botts 43 59 $1,700,000 $653,000,000 51 $940,000 58 $1,260,000 694 Lawyers, 176 Equity Partners, Houston

Winston & Strawn 44 57 $1,685,000 $785,500,000 38 $970,000 52 $1,090,000 808 Lawyers, 158 Equity Partners, National

Jeffer Mangels Butler & Mitchell 45 43 $1,640,000 $107,000,000 190 $835,000 74 $1,020,000 128 Lawyers, 39 Equity Partners, Los Angeles

Patterson Belknap Webb & Tyler  46 46 $1,625,000 $189,000,000 155 $1,055,000 34 $1,610,000 179 Lawyers, 48 Equity Partners, New York

Jenner & Block 47 70 $1,615,000 $408,000,000 74 $1,015,000 43 $1,110,000 401 Lawyers, 105 Equity Partners, Chicago

Curtis, Mallet-Prevost, Colt & Mosle 48 43 $1,610,000 $187,000,000 156 $600,000 143 $910,000 311 Lawyers, 26 Equity Partners, International

Morgan, Lewis & Bockius1 48 47 $1,610,000 $1,317,000,000 12 $985,000 47 $1,345,000 1,338 Lawyers, 360 Equity Partners, National

Wilmer Cutler Pickering Hale and Dorr  50 50 $1,605,000 $1,071,000,000 25 $1,155,000 19 $1,605,000 926 Lawyers, 286 Equity Partners, National

O’Melveny & Myers  51 34 $1,595,000 $665,000,000 47 $1,005,000 44 $1,540,000 663 Lawyers, 169 Equity Partners, National

Orrick, Herrington & Sutcliffe  51 38 $1,595,000 $877,000,000 31 $985,000 47 $1,110,000 891 Lawyers, 141 Equity Partners, National

Alston & Bird 53 40 $1,545,000 $645,500,000 54 $850,000 70 $940,000 759 Lawyers, 146 Equity Partners, Atlanta

Fenwick & West 54 67 $1,540,000 $327,000,000 97 $1,135,000 24 $1,410,000 288 Lawyers, 85 Equity Partners, Mountain View, CA

McDermott Will & Emery 55 49 $1,530,000 $900,000,000 30 $900,000 66 $850,000 997 Lawyers, 203 Equity Partners, National

Williams & Connolly  56 56 $1,515,000 $399,000,000 77 $1,300,000 10 $1,515,000 307 Lawyers, 118 Equity Partners, Washington, DC

Loeb & Loeb 57 54 $1,505,000 $245,500,000 127 $905,000 65 $755,000 271 Lawyers, 42 Equity Partners, National

DLA Piper 58 63 $1,490,000 $2,480,500,000 3 $670,000 121 $835,000 3,702 Lawyers, 448 Equity Partners, Verein

Mayer Brown 59 66 $1,450,000 $1,223,000,000 18 $825,000 77 $825,000 1,486 Lawyers, 280 Equity Partners, International

Greenberg Traurig 60 60 $1,425,000 $1,270,500,000 15 $735,000 99 $765,000 1,730 Lawyers, 299 Equity Partners, National

8 • ZGuide ZGuide • 9 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

2 Bingham McCutchen ceased operations in December 2014.

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners

Morrison & Foerster  61 53 $1,415,000 $968,500,000 28 $980,000 51 $1,205,000 988 Lawyers, 261 Equity Partners, National

Kaye Scholer 62 58 $1,410,000 $375,000,000 83 $1,020,000 42 $1,260,000 368 Lawyers, 99 Equity Partners, New York

Katten Muchin Rosenman 63 62 $1,395,000 $537,500,000 63 $850,000 70 $850,000 632 Lawyers, 146 Equity Partners, National

Arnold & Porter 64 61 $1,385,000 $694,500,000 45 $995,000 45 $1,385,000 699 Lawyers, 233 Equity Partners, Washington, DC

Brown Rudnick 64 70 $1,385,000 $191,500,000 153 $945,000 57 $1,025,000 203 Lawyers, 59 Equity Partners, National

Lowenstein Sandler 66 51 $1,365,000 $229,500,000 131 $835,000 74 $925,000 275 Lawyers, 48 Equity Partners, Roseland, NJ

Sheppard, Mullin, Richter & Hampton 66 68 $1,365,000 $510,500,000 64 $875,000 69 $890,000 584 Lawyers, 114 Equity Partners, Los Angeles

Covington & Burling 68 76 $1,335,000 $709,000,000 43 $915,000 62 $1,335,000 774 Lawyers, 248 Equity Partners, Washington, DC

Bingham McCutchen2 69 52 $1,330,000 $665,000,000 47 $930,000 60 $885,000 715 Lawyers, 130 Equity Partners, National

Bracewell & Giuliani 69 65 $1,330,000 $337,500,000 94 $750,000 95 $795,000 450 Lawyers, 79 Equity Partners, Houston

Baker & McKenzie 71 74 $1,290,000 $2,540,000,000 2 $600,000 143 $870,000 4,245 Lawyers, 705 Equity Partners, Verein

Manatt, Phelps & Phillips 72 72 $1,245,000 $303,000,000 108 $900,000 66 $630,000 336 Lawyers, 60 Equity Partners, Los Angeles

Stroock & Stroock & Lavan 73 76 $1,230,000 $260,500,000 120 $930,000 60 $1,230,000 280 Lawyers, 91 Equity Partners, New York

Finnegan, Henderson, Farabow, Garrett & Dunner 74 89 $1,220,000 $309,000,000 105 $985,000 47 $1,040,000 314 Lawyers, 101 Equity Partners, Washington, DC

Hogan Lovells 75 73 $1,215,000 $1,779,500,000 8 $755,000 93 $965,000 2,360 Lawyers, 509 Equity Partners, Verein

Robins, Kaplan, Miller & Ciresi 75 82 $1,215,000 $210,000,000 138 $985,000 47 $1,110,000 213 Lawyers, 74 Equity Partners, Minneapolis

Fish & Richardson 77 64 $1,210,000 $357,500,000 88 $1,035,000 40 $885,000 345 Lawyers, 105 Equity Partners, National

Andrews Kurth 78 84 $1,205,000 $307,000,000 106 $910,000 64 $850,000 337 Lawyers, 87 Equity Partners, Houston

Reed Smith 78 78 $1,205,000 $1,152,000,000 19 $705,000 111 $750,000 1,638 Lawyers, 302 Equity Partners, National

Stevens & Lee 80 79 $1,180,000 $108,500,000 187 $720,000 104 $730,000 151 Lawyers, 47 Equity Partners, Reading, PA

10 • ZGuide ZGuide • 11 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

3 Fiscal year ends on March 31. Results are projected in order to meet The Am Law 100’s publication deadline. 4 Locke Lord merged with Edwards Wildman Palmer in January 2015. Results are for the legacy operation only.

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners Pillsbury Winthrop Shaw Pittman 81 80 $1,165,000 $560,000,000 60 $950,000 56 $880,000 591 Lawyers, 165 Equity Partners, National

Holland & Knight 82 87 $1,135,000 $688,500,000 46 $680,000 116 $650,000 1,009 Lawyers, 172 Equity Partners, National

Chadbourne & Parke 83 69 $1,110,000 $254,500,000 122 $735,000 99 $880,000 345 Lawyers, 68 Equity Partners, New York

Wiley Rein 84 75 $1,105,000 $224,500,000 132 $840,000 73 $975,000 267 Lawyers, 75 Equity Partners, Washington, DC

Foley Hoag 85 84 $1,100,000 $174,000,000 160 $760,000 90 $755,000 229 Lawyers, 50 Equity Partners, Boston

Perkins Coie 86 81 $1,095,000 $710,000,000 42 $780,000 86 $725,000 913 Lawyers, 181 Equity Partners, Seattle

Foley & Lardner 87 90 $1,065,000 $665,000,000 47 $785,000 83 $675,000 849 Lawyers, 153 Equity Partners, National

Crowell & Moring 88 95 $1,030,000 $368,500,000 85 $820,000 78 $745,000 450 Lawyers, 97 Equity Partners, Washington, DC

Chapman and Cutler 89 83 $1,015,000 $195,500,000 148 $820,000 78 $810,000 238 Lawyers, 100 Equity Partners, Chicago

Dickstein Shapiro 90 128 $1,010,000 $192,000,000 152 $960,000 54 $700,000 200 Lawyers, 42 Equity Partners, Washington, DC

Hunton & Williams3 91 106 $1,000,000 $568,000,000 59 $805,000 80 $805,000 707 Lawyers, 212 Equity Partners, National

Sutherland Asbill & Brennan 92 86 $990,000 $300,500,000 110 $760,000 90 $700,000 395 Lawyers, 90 Equity Partners, National

Locke Lord4 93 93 $970,000 $426,500,000 71 $740,000 97 $690,000 578 Lawyers, 160 Equity Partners, Dallas

McElroy, Deutsch, Mulvaney & Carpenter 93 88 $970,000 $120,000,000 180 $460,000 192 $485,000 260 Lawyers, 32 Equity Partners, Morristown, NJ

Venable 93 98 $970,000 $442,000,000 68 $785,000 83 $735,000 564 Lawyers, 163 Equity Partners, National

Morris, Manning & Martin 96 97 $965,000 $113,500,000 184 $725,000 103 $730,000 156 Lawyers, 44 Equity Partners, Atlanta

McGuireWoods 97 91 $960,000 $620,000,000 57 $660,000 125 $660,000 939 Lawyers, 182 Equity Partners, Richmond

Winstead 97 106 $960,000 $204,500,000 142 $655,000 128 $700,000 312 Lawyers, 108 Equity Partners, Dallas

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo3 99 91 $955,000 $316,000,000 101 $760,000 90 $605,000 417 Lawyers, 61 Equity Partners, Boston

Pepper Hamilton 100 103 $945,000 $384,500,000 80 $755,000 93 $750,000 508 Lawyers, 139 Equity Partners, Philadelphia

12 • ZGuide ZGuide • 13 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner 5 Squire Sanders merged with Patton Boggs in June 2014 to form Squire Patton Boggs, so there is no year-over-year comparison. 6 Carlton Fields and Jorden Burt merged in January 2014 to form Carlton Fields Jorden Burt, so there is no year-over-year comparison. 7 In April, McKenna Long & Aldridge announced that it was joining the Dentons verein. Results are for the legacy operation only.

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners Seyfarth Shaw 101 96 $940,000 $555,000,000 61 $720,000 104 $630,000 772 Lawyers, 195 Equity Partners, National

Arent Fox 102 100 $935,000 $276,500,000 117 $800,000 81 $720,000 346 Lawyers, 105 Equity Partners, Washington, DC

Jones Day 103 102 $930,000 $1,850,000,000 6 $735,000 99 $930,000 2,510 Lawyers, 933 Equity Partners, National

Kilpatrick Townsend & Stockton 104 141 $925,000 $411,500,000 73 $720,000 104 $655,000 571 Lawyers, 111 Equity Partners, Atlanta

Moore & Van Allen 105 123 $920,000 $181,000,000 157 $655,000 128 $620,000 276 Lawyers, 80 Equity Partners, Charlotte

Jackson Walker 106 130 $915,000 $214,500,000 137 $655,000 128 $570,000 328 Lawyers, 91 Equity Partners, Dallas

Steptoe & Johnson 107 98 $910,000 $352,500,000 89 $915,000 62 $910,000 385 Lawyers, 128 Equity Partners, Washington, DC

Duane Morris 108 103 $900,000 $428,000,000 70 $690,000 113 $560,000 620 Lawyers, 122 Equity Partners, National

Haynes and Boone 109 125 $855,000 $339,000,000 92 $675,000 119 $695,000 502 Lawyers, 129 Equity Partners, Dallas

Thompson & Knight 109 108 $855,000 $201,500,000 145 $720,000 104 $655,000 281 Lawyers, 90 Equity Partners, Dallas

Allen Matkins Leck Gamble Mallory & Natsis 111 118 $850,000 $152,500,000 166 $880,000 68 $815,000 173 Lawyers, 96 Equity Partners, Los Angeles

Squire Patton Boggs5 112 — $840,000 $870,500,000 32 $640,000 133 $525,000 1,356 Lawyers, 154 Equity Partners, Verein

Barnes & Thornburg 113 108 $835,000 $346,000,000 90 $670,000 121 $645,000 517 Lawyers, 214 Equity Partners, Indianapolis

Brownstein Hyatt Farber Schreck 114 133 $830,000 $166,000,000 162 $735,000 99 $605,000 225 Lawyers, 66 Equity Partners, Denver

Carlton Fields Jorden Burt6 114 — $830,000 $215,500,000 136 $635,000 134 $515,000 339 Lawyers, 74 Equity Partners, Miami

Gibbons 114 108 $830,000 $110,000,000 186 $570,000 160 $485,000 193 Lawyers, 31 Equity Partners, Newark

K&L Gates 114 113 $830,000 $1,145,500,000 21 $585,000 153 $475,000 1,952 Lawyers, 252 Equity Partners, National

Blank Rome 118 118 $825,000 $331,000,000 96 $700,000 112 $600,000 472 Lawyers, 117 Equity Partners, Philadelphia

McKenna Long & Aldridge7 118 100 $825,000 $305,000,000 107 $670,000 121 $515,000 454 Lawyers, 70 Equity Partners, National

Vedder Price 118 117 $825,000 $224,500,000 132 $785,000 83 $765,000 286 Lawyers, 132 Equity Partners, Chicago

14 • ZGuide ZGuide • 15 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

8 Gordon & Rees changed its name to Gordon Rees Scully Mansukhani in January 2013.

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners Honigman Miller Schwartz and Cohn 121 126 $820,000 $196,000,000 147 $850,000 70 $715,000 230 Lawyers, 127 Equity Partners, Detroit

Snell & Wilmer 121 118 $820,000 $253,000,000 123 $625,000 138 $600,000 406 Lawyers, 81 Equity Partners, Phoenix

Bryan Cave 123 123 $815,000 $635,500,000 56 $650,000 132 $620,000 977 Lawyers, 214 Equity Partners, National

Baker & Hostetler 124 93 $810,000 $579,000,000 58 $660,000 125 $610,000 878 Lawyers, 171 Equity Partners, National

Schiff Hardin 124 121 $810,000 $241,000,000 128 $745,000 96 $580,000 324 Lawyers, 96 Equity Partners, Chicago

Gardere Wynne Sewell 126 126 $805,000 $143,000,000 172 $655,000 128 $565,000 219 Lawyers, 62 Equity Partners, Dallas

Shook, Hardy & Bacon 126 113 $805,000 $316,000,000 101 $690,000 113 $620,000 458 Lawyers, 126 Equity Partners, Kansas City, MO

Troutman Sanders 126 130 $805,000 $422,500,000 72 $715,000 108 $665,000 593 Lawyers, 197 Equity Partners, Atlanta

Kelley Drye & Warren 129 103 $780,000 $216,000,000 135 $780,000 86 $645,000 277 Lawyers, 84 Equity Partners, National

Faegre Baker Daniels 130 132 $770,000 $456,500,000 67 $680,000 116 $635,000 672 Lawyers, 239 Equity Partners, Minneapolis

Fitzpatrick, Cella, Harper & Scinto 131 112 $765,000 $104,000,000 194 $680,000 116 $765,000 153 Lawyers, 51 Equity Partners, New York

Nixon Peabody 132 138 $760,000 $407,000,000 75 $710,000 109 $545,000 573 Lawyers, 145 Equity Partners, National

Cozen O’Connor 133 134 $740,000 $313,000,000 103 $625,000 138 $540,000 502 Lawyers, 146 Equity Partners, National

Goulston & Storrs 133 143 $740,000 $139,000,000 174 $830,000 76 $740,000 167 Lawyers, 97 Equity Partners, Boston

Gordon Rees Scully Mansukhani8 135 134 $735,000 $246,500,000 126 $490,000 187 $315,000 501 Lawyers, 38 Equity Partners, San Diego

Drinker Biddle & Reath 136 140 $720,000 $381,000,000 81 $690,000 113 $615,000 553 Lawyers, 176 Equity Partners, Philadelphia

Armstrong Teasdale 137 159 $715,000 $115,000,000 181 $520,000 176 $740,000 221 Lawyers, 78 Equity Partners, St. Louis

Sullivan & Worcester 138 111 $705,000 $103,000,000 195 $660,000 125 $535,000 156 Lawyers, 40 Equity Partners, Boston

Shutts & Bowen 139 147 $700,000 $136,500,000 175 $580,000 157 $450,000 235 Lawyers, 82 Equity Partners, Miami

Day Pitney 140 161 $690,000 $150,500,000 167 $590,000 148 $1,025,000 255 Lawyers, 91 Equity Partners, Hartford

16 • ZGuide ZGuide • 17 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

9 Fiscal year ends on March 31. Results are projected in order to meet The Am Law 100’s publication deadline. 10 Edwards Wildman Palmer merged with Locke Lord in January 2015. Results are for the legacy operation only.

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners Nelson Mullins Riley & Scarborough 140 149 $690,000 $298,000,000 111 $595,000 147 $485,000 500 Lawyers, 155 Equity Partners, Columbia, SC

Kenyon & Kenyon 142 113 $680,000 $108,000,000 189 $740,000 97 $635,000 146 Lawyers, 41 Equity Partners, New York

Bradley Arant Boult Cummings 143 153 $675,000 $250,500,000 124 $585,000 153 $590,000 430 Lawyers, 204 Equity Partners, Birmingham

Buchanan Ingersoll & Rooney 144 146 $670,000 $296,000,000 113 $635,000 134 $495,000 466 Lawyers, 115 Equity Partners, Pittsburgh

Lewis Brisbois Bisgaard & Smith 144 138 $670,000 $364,000,000 87 $410,000 199 $365,000 891 Lawyers, 103 Equity Partners, Los Angeles

Hinckley, Allen & Snyder 146 — $660,000 $96,500,000 197 $665,000 124 $470,000 145 Lawyers, 49 Equity Partners, Boston

Polsinelli 147 142 $650,000 $368,000,000 86 $530,000 172 $415,000 693 Lawyers, 112 Equity Partners, Kansas City, MO

Smith, Gambrell & Russell 147 — $650,000 $90,500,000 200 $495,000 182 $425,000 184 Lawyers, 49 Equity Partners, Atlanta

Womble Carlyle Sandridge & Rice 147 153 $650,000 $296,500,000 112 $600,000 143 $460,000 494 Lawyers, 159 Equity Partners, Winston-Salem, NC

Herrick, Feinstein 150 134 $645,000 $105,500,000 193 $775,000 89 $500,000 136 Lawyers, 34 Equity Partners, New York

Akerman 151 157 $640,000 $324,000,000 98 $590,000 148 $530,000 548 Lawyers, 188 Equity Partners, Miami

Fox Rothschild9 151 149 $640,000 $331,500,000 95 $590,000 148 $540,000 560 Lawyers, 166 Equity Partners, Philadelphia

McCarter & English 153 145 $630,000 $219,500,000 134 $590,000 148 $435,000 373 Lawyers, 87 Equity Partners, Newark

Norton Rose Fulbright 154 147 $625,000 $1,814,000,000 7 $525,000 174 $595,000 3,461 Lawyers, 944 Equity Partners, Verein

Edwards Wildman Palmer10 155 143 $620,000 $292,000,000 114 $585,000 153 $390,000 498 Lawyers, 66 Equity Partners, Boston

Ogletree, Deakins, Nash, Smoak & Stewart 156 170 $615,000 $373,000,000 84 $530,000 172 $410,000 701 Lawyers, 151 Equity Partners, Los Angeles

Wilson Elser Moskowitz Edelman & Dicker 156 158 $615,000 $303,000,000 108 $405,000 200 $460,000 745 Lawyers, 148 Equity Partners, National

Dorsey & Whitney 158 166 $605,000 $338,500,000 93 $675,000 119 $535,000 500 Lawyers, 191 Equity Partners, National

Ice Miller 158 156 $605,000 $157,500,000 163 $565,000 162 $510,000 278 Lawyers, 122 Equity Partners, Indianapolis

Jackson Lewis 158 161 $605,000 $390,500,000 79 $520,000 176 $445,000 751 Lawyers, 225 Equity Partners, National

18 • ZGuide ZGuide • 19 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

11 Stinson Morrison Hecker and Leonard, Street and Deinard merged in January 2014, so there is no year-to-year comparison.

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners Thompson Hine 161 153 $600,000 $204,500,000 142 $570,000 160 $465,000 358 Lawyers, 102 Equity Partners, Cleveland

Porter Wright Morris & Arthur 162 169 $575,000 $123,000,000 178 $590,000 148 $415,000 209 Lawyers, 75 Equity Partners, Columbus

Saul Ewing 162 161 $575,000 $148,000,000 169 $605,000 141 $475,000 245 Lawyers, 82 Equity Partners, Philadelphia

Ballard Spahr 164 165 $570,000 $312,000,000 104 $630,000 137 $570,000 497 Lawyers, 231 Equity Partners, Philadelphia

Sedgwick 165 129 $565,000 $190,000,000 154 $610,000 140 $440,000 311 Lawyers, 58 Equity Partners, San Francisco

Dykema Gossett 166 174 $560,000 $178,500,000 159 $535,000 171 $390,000 334 Lawyers, 70 Equity Partners, Chicago

Thompson Coburn 166 166 $560,000 $198,000,000 146 $580,000 157 $450,000 341 Lawyers, 152 Equity Partners, St. Louis

Stoel Rives 168 170 $555,000 $205,000,000 140 $585,000 153 $455,000 349 Lawyers, 122 Equity Partners, Portland, OR

Husch Blackwell 169 161 $545,000 $289,000,000 115 $560,000 164 $405,000 517 Lawyers, 143 Equity Partners, St. Louis

Davis Wright Tremaine 170 182 $540,000 $285,000,000 116 $605,000 141 $455,000 473 Lawyers, 185 Equity Partners, Seattle

Stinson Leonard Street11 170 — $540,000 $259,000,000 121 $565,000 162 $415,000 459 Lawyers, 182 Equity Partners, Minneapolis

Adams and Reese 172 175 $525,000 $157,000,000 164 $525,000 174 $420,000 299 Lawyers, 122 Equity Partners, New Orleans

Michael Best & Friedrich 172 173 $525,000 $114,000,000 182 $580,000 157 $415,000 197 Lawyers, 78 Equity Partners, Milwaukee

Baker, Donelson, Bearman, Caldwell & Berkowitz 174 175 $520,000 $318,500,000 100 $515,000 178 $455,000 616 Lawyers, 210 Equity Partners, Memphis

Fisher & Phillips 175 175 $515,000 $148,000,000 169 $540,000 168 $450,000 275 Lawyers, 118 Equity Partners, National

Hinshaw & Culbertson 175 178 $515,000 $209,000,000 139 $455,000 194 $340,000 459 Lawyers, 106 Equity Partners, Chicago

Littler Mendelson 175 186 $515,000 $543,500,000 62 $500,000 180 $440,000 1,088 Lawyers, 370 Equity Partners, National

Dickinson Wright 178 178 $510,000 $172,000,000 161 $495,000 182 $390,000 349 Lawyers, 117 Equity Partners, Troy, MI

Clark Hill 179 188 $500,000 $135,000,000 176 $460,000 192 $395,000 295 Lawyers, 81 Equity Partners, Detroit

Knobbe, Martens, Olson & Bear 179 180 $500,000 $195,000,000 150 $710,000 109 $490,000 275 Lawyers, 141 Equity Partners, Irvine, CA

20 • ZGuide ZGuide • 21 The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

12Dentons joined with Dacheng in January 2015 to form the Dacheng Dentons verein. Results are for the legacy operation only.

Compensation Firm Profits Per Revenue Per Average, Lawyers, Partners, Location PPEP Rank 2015 PPEP Rank 2014 Equity Partner Gross Revenue Am Law 200 Rank Lawyer RPL Rank All Partners Robinson & Cole 179 186 $500,000 $106,000,000 192 $550,000 167 $465,000 193 Lawyers, 70 Equity Partners, Hartford

Dentons12 182 151 $495,000 $1,275,000,000 14 $560,000 164 $380,000 2,285 Lawyers, 484 Equity Partners, Decentralized (Verein)

Lewis Roca Rothgerber 182 184 $495,000 $122,500,000 179 $555,000 166 $420,000 222 Lawyers, 100 Equity Partners, Phoenix

Vorys, Sater, Seymour and Pease 184 184 $485,000 $179,000,000 158 $490,000 187 $445,000 366 Lawyers, 150 Equity Partners, Columbus

Burr & Forman 185 180 $480,000 $127,000,000 177 $495,000 182 $415,000 258 Lawyers, 115 Equity Partners, Birmingham

Frost Brown Todd 186 192 $475,000 $204,000,000 144 $475,000 190 $370,000 429 Lawyers, 163 Equity Partners, Cincinnati

Holland & Hart 186 189 $475,000 $234,500,000 130 $540,000 168 $465,000 436 Lawyers, 211 Equity Partners, Denver

Lathrop & Gage 186 182 $475,000 $147,500,000 171 $510,000 179 $345,000 289 Lawyers, 75 Equity Partners, Kansas City, MO

Miller, Canfield, Paddock and Stone 189 198 $470,000 $112,000,000 185 $495,000 182 $370,000 227 Lawyers, 75 Equity Partners, Detroit

Dinsmore & Shohl 190 172 $455,000 $195,500,000 148 $440,000 197 $355,000 443 Lawyers, 137 Equity Partners, Cincinnati

Phelps Dunbar 191 193 $450,000 $114,000,000 182 $455,000 194 $450,000 251 Lawyers, 108 Equity Partners, New Orleans

Greenspoon Marder 192 — $445,000 $93,500,000 198 $635,000 134 $445,000 147 Lawyers, 70 Equity Partners, Fort Lauderdale

Quarles & Brady 192 189 $445,000 $237,500,000 129 $540,000 168 $390,000 438 Lawyers, 172 Equity Partners, Milwaukee

GrayRobinson 194 195 $440,000 $142,000,000 173 $500,000 180 $410,000 284 Lawyers, 153 Equity Partners, Orlando

Shumaker, Loop & Kendrick 194 151 $440,000 $108,500,000 187 $485,000 189 $385,000 224 Lawyers, 112 Equity Partners, Tampa

Kutak Rock 196 193 $430,000 $205,000,000 140 $435,000 198 $385,000 473 Lawyers, 222 Equity Partners, National

Lane Powell 197 199 $415,000 $91,000,000 199 $600,000 143 $365,000 151 Lawyers, 65 Equity Partners, Seattle

Williams Mullen 197 189 $415,000 $107,000,000 190 $495,000 182 $405,000 217 Lawyers, 73 Equity Partners, Richmond

Strasburger & Price 199 197 $385,000 $99,000,000 196 $470,000 191 $320,000 211 Lawyers, 70 Equity Partners, Dallas

LeClairRyan 200 199 $370,000 $150,500,000 167 $445,000 196 $290,000 339 Lawyers, 143 Equity Partners, National

22 • ZGuide ZGuide • 23 Value Per Lawyer

The Am Law 200, Ranked By Value Per Lawyer Firms noted with a star () are on The American Lawyer's “A-List.” (See the methodology on pages 2 and 3.) Names of firms ranked 101 to 200 on The Am Law 200 are in bold. See headnotes on the chart ranking firms by Profits Per Equity Partner for information about changes in firms' status in 2014/2015.

VPL: Partner Comp/ Lawyers Needed VPL: Partner Comp/ Lawyers Needed Number of Lawyers, to Generate Number of Lawyers, to Generate Firm Firm 2015 VPL Rank FY 2014 $10 Million 2015 VPL Rank FY 2014 $10 Million

1 Wachtell, Lipton, Rosen & Katz $1,710,000 5.85 21 Davis Polk & Wardwell $580,000 17.24

Quinn Emanuel Urquhart & Sul- 2 $1,090,000 9.17 22 Hughes Hubbard & Reed  $570,000 17.54 livan

3 Irell & Manella  $1,025,000 9.76 23 Proskauer Rose $565,000 17.70

4 Kirkland & Ellis  $870,000 11.49 24 King & Spalding $560,000 17.86

5 Munger, Tolles & Olson  $855,000 11.70 25 Schulte Roth & Zabel $555,000 18.02

6 Sullivan & Cromwell $775,000 12.90 25 Vinson & Elkins $555,000 18.02

Paul, Weiss, Rifkind, Wharton & 7 Choate Hall & Stewart $755,000 13.25 27 $550,000 18.18 Garrison

7 Gibson, Dunn & Crutcher  $755,000 13.25 28 Akin Gump Strauss Hauer & Feld  $540,000 18.52

Honigman Miller Schwartz 9 Cahill Gordon & Reindel $710,000 14.08 28 $540,000 18.52 and Cohn

9 Latham & Watkins  $710,000 14.08 30 Goodwin Procter $525,000 19.05

11 Simpson Thacher & Bartlett $700,000 14.29 31 Brown Rudnick $520,000 19.23

12 Cravath, Swaine & Moore $690,000 14.49 31 Debevoise & Plimpton  $520,000 19.23

Skadden, Arps, Slate, Meagher 13 $670,000 14.93 31 Jenner & Block $520,000 19.23 & Flom 

14 Milbank, Tweed, Hadley & McCloy  $655,000 15.27 34 Dechert $515,000 19.42

Jeffer Mangels Butler & 15 $645,000 15.50 34 Kramer Levin Naftalis & Frankel $515,000 19.42 Mitchell

16 BuckleySandler $635,000 15.75 36 Baker Botts $510,000 19.61

Allen Matkins Leck Gamble 16 Willkie Farr & Gallagher $635,000 15.75 37 $505,000 19.80 Mallory & Natsis

18 Boies, Schiller & Flexner $630,000 15.87 37 Cleary Gottlieb Steen & Hamilton  $505,000 19.80

19 Paul Hastings  $620,000 16.13 39 Day Pitney $495,000 20.20

20 Williams & Connolly  $585,000 17.09 39 Ropes & Gray  $495,000 20.20

24 • ZGuide ZGuide • 25 Value Per Lawyer The Am Law 200, Ranked By Value Per Lawyer

VPL: Partner Comp/ Lawyers Needed VPL: Partner Comp/ Lawyers Needed Number of Lawyers, to Generate Number of Lawyers, to Generate Firm 2015 VPL Rank Firm FY 2014 $10 Million 2015 VPL Rank FY 2014 $10 Millioni

39 Sidley Austin $495,000 20.20 61 Katten Muchin Rosenman $435,000 22.99

Sheppard, Mullin, Richter & 39 Stevens & Lee $495,000 20.20 61 $435,000 22.99 Hampton

39 Weil, Gotshal & Manges  $495,000 20.20 61 Vedder Price $435,000 22.99

Wilmer Cutler Pickering Hale 39 $495,000 20.20 64 Goulston & Storrs $430,000 23.26 and Dorr 

Fried, Frank, Harris, Shriver & 45 $490,000 20.41 64 Wilson Sonsini Goodrich & Rosati $430,000 23.26 Jacobson

45 McDermott Will & Emery $490,000 20.41 66 Barnes & Thornburg $425,000 23.53

45 Morgan, Lewis & Bockius $490,000 20.41 66 Covington & Burling $425,000 23.53

Finnegan, Henderson, 45 Wiley Rein $490,000 20.41 66 $425,000 23.53 Farabow, Garrett & Dunner

49 Chapman and Cutler $480,000 20.83 66 Morrison & Foerster  $425,000 23.53

49 Fenwick & West $480,000 20.83 70 Kaye Scholer $420,000 23.81

51 Cooley $470,000 21.28 70 O’Melveny & Myers  $420,000 23.81

51 Winston & Strawn $470,000 21.28 72 Alston & Bird $410,000 24.39

53 Arnold & Porter $460,000 21.74 73 Greenberg Traurig $405,000 24.69

53 Pillsbury Winthrop Shaw Pittman $460,000 21.74 74 Shearman & Sterling $400,000 25.00

55 Andrews Kurth $455,000 21.98 74 Stroock & Stroock & Lavan $400,000 25.00

55 Armstrong Teasdale $455,000 21.98 76 Jackson Walker $390,000 25.64

57 Fish & Richardson $450,000 22.22 77 Morris, Manning & Martin $385,000 25.97

Patterson Belknap Webb & 57 $450,000 22.22 77 Orrick, Herrington & Sutcliffe  $385,000 25.97 Tyler 

57 Robins, Kaplan, Miller & Ciresi $450,000 22.22 79 Cadwalader, Wickersham & Taft $380,000 26.32

60 Loeb & Loeb $440,000 22.73 79 Manatt, Phelps & Phillips $380,000 26.32

26 • ZGuide ZGuide • 27 Value Per Lawyer The Am Law 200, Ranked By Value Per Lawyer

81 Bracewell & Giuliani $375,000 26.67 100 Gardere Wynne Sewell $340,000 29.41

Kasowitz, Benson, Torres & 81 $375,000 26.67 100 Shutts & Bowen $340,000 29.41 Friedman

81 Winstead $375,000 26.67 103 Bingham McCutchen $335,000 29.85

84 Hunton & Williams $370,000 27.03 103 Mayer Brown $335,000 29.85

85 Locke Lord $365,000 27.40 105 Foley & Lardner $330,000 30.30

85 Lowenstein Sandler $365,000 27.40 105 Pepper Hamilton $330,000 30.30

Mintz, Levin, Cohn, Ferris, 87 Arent Fox $360,000 27.78 107 $325,000 30.77 Glovsky and Popeo

Brownstein Hyatt Farber 87 $360,000 27.78 107 Sutherland Asbill & Brennan $325,000 30.77 Schreck

87 Moore & Van Allen $360,000 27.78 107 Troutman Sanders $325,000 30.77

87 Perkins Coie $360,000 27.78 110 Dickstein Shapiro $320,000 31.25

87 Thompson & Knight $360,000 27.78 110 Hogan Lovells $320,000 31.25

92 Bradley Arant Boult Cummings $350,000 28.57 110 Reed Smith $320,000 31.25

92 Carlton Fields Jorden Burt $350,000 28.57 113 Hinckley, Allen & Snyder $315,000 31.75

92 Foley Hoag $350,000 28.57 113 Ice Miller $315,000 31.75

92 Schiff Hardin $350,000 28.57 113 Thompson Coburn $315,000 31.75

92 Venable $350,000 28.57 116 Crowell & Moring $310,000 32.26

97 Holland & Knight $345,000 28.99 116 Duane Morris $310,000 32.26

97 Jones Day $345,000 28.99 116 Snell & Wilmer $310,000 32.26

97 White & Case $345,000 28.99 119 Steptoe & Johnson $305,000 32.79

Womble Carlyle Sandridge 100 Faegre Baker Daniels $340,000 29.41 119 $305,000 32.79 & Rice

28 • ZGuide ZGuide • 29 Value Per Lawyer The Am Law 200, Ranked By Value Per Lawyer

121 Seyfarth Shaw $300,000 33.33 140 Akerman $270,000 37.04

122 Baker & McKenzie $295,000 33.90 140 Davis Wright Tremaine $270,000 37.04

122 Blank Rome $295,000 33.90 140 Dorsey & Whitney $270,000 37.04

122 Haynes and Boone $295,000 33.90 140 Michael Best & Friedrich $270,000 37.04

Nelson Mullins Riley & 122 $295,000 33.90 145 Ballard Spahr $265,000 37.74 Scarborough

126 Cozen O’Connor $290,000 34.48 145 Gibbons $265,000 37.74

126 McGuireWoods $290,000 34.48 145 Saul Ewing $265,000 37.74

128 Nixon Peabody $285,000 35.09 148 GrayRobinson $260,000 38.46

129 Baker & Hostetler $280,000 35.71 148 Knobbe, Martens, Olson & Bear $260,000 38.46

129 DLA Piper $280,000 35.71 150 Bryan Cave $255,000 39.22

Fragomen, Del Rey, Bernsen & 129 $280,000 35.71 150 Chadbourne & Parke $255,000 39.22 Loewy

129 Kilpatrick Townsend & Stockton $280,000 35.71 150 Dickinson Wright $255,000 39.22

129 Stinson Leonard Street $280,000 35.71 150 Fisher & Phillips $255,000 39.22

Fitzpatrick, Cella, Harper 129 Stoel Rives $280,000 35.71 150 $255,000 39.22 & Scinto

135 Drinker Biddle & Reath $275,000 36.36 150 Herrick, Feinstein $255,000 39.22

135 Kelley Drye & Warren $275,000 36.36 150 Lewis Roca Rothgerber $255,000 39.22

135 Shook, Hardy & Bacon $275,000 36.36 157 Porter Wright Morris & Arthur $250,000 40.00

135 Shumaker, Loop & Kendrick $275,000 36.36 157 Smith, Gambrell & Russell $250,000 40.00

135 Sullivan & Worcester $275,000 36.36 157 Thompson Hine $250,000 40.00

140 Adams and Reese $270,000 37.04 160 Buchanan Ingersoll & Rooney $245,000 40.82

30 • ZGuide ZGuide • 31 Value Per Lawyer The Am Law 200, Ranked By Value Per Lawyer

160 Frost Brown Todd $245,000 40.82 180 Kenyon & Kenyon $215,000 46.51

Miller, Canfield, Paddock and 160 Jackson Lewis $245,000 40.82 180 $215,000 46.51 Stone

Vorys, Sater, Seymour and 160 Lane Powell $245,000 40.82 180 $215,000 46.51 Pease

160 Polsinelli $245,000 40.82 184 Greenspoon Marder $210,000 47.62

165 Burr & Forman $240,000 41.67 185 LeClairRyan $205,000 48.78

165 Holland & Hart $240,000 41.67 185 Littler Mendelson $205,000 48.78

165 Husch Blackwell $240,000 41.67 185 Norton Rose Fulbright $205,000 48.78

165 McKenna Long & Aldridge $240,000 41.67 188 Clark Hill $200,000 50.00

McElroy, Deutsch, Mulvaney 165 Quarles & Brady $240,000 41.67 188 $200,000 50.00 & Carpenter

Wilson Elser Moskowitz 170 Kutak Rock $235,000 42.55 188 $200,000 50.00 Edelman & Dicker

171 Fox Rothschild $230,000 43.48 191 Dinsmore & Shohl $195,000 51.28

171 K&L Gates $230,000 43.48 191 Phelps Dunbar $195,000 51.28

171 Lewis Brisbois Bisgaard & Smith $230,000 43.48 191 Strasburger & Price $195,000 51.28

171 McCarter & English $230,000 43.48 194 Lathrop & Gage $190,000 52.63

Baker, Donelson, Bearman, 175 $225,000 44.44 195 Edwards Wildman Palmer $175,000 57.14 Caldwell & Berkowitz

175 Hinshaw & Culbertson $225,000 44.44 195 Squire Patton Boggs $175,000 57.14

175 Robinson & Cole $225,000 44.44 197 Dentons $165,000 60.61

178 Dykema Gossett $220,000 45.45 198 Sedgwick $160,000 62.50

Ogletree, Deakins, Nash, Smoak 178 $220,000 45.45 199 Williams Mullen $155,000 64.52 & Stewart

Curtis, Mallet-Prevost, Colt & Gordon Rees Scully 180 $215,000 46.51 200 $150,000 66.67 Mosle Mansukhani

32 • ZGuide ZGuide • 33 The Global 100

Methodology

The Global 100 charts rank the world’s largest law Number of Lawyers firms by profits per equity partner, revenue, and The ranking in the last column of the Global 100 chart head count. The charts, which include data for the is based on the average number of full-time-equivalent fiscal year most recently published by ALM, were lawyers at the firm. The firms on this chart are the world’s published in the October 2014 issue of The American 100 largest. Lawyer. Although foreign law firms differ in structure from U.S. law firms,The American Lawyer took steps Location of Firms to level the playing field. Currency conversion rates Firms are identified as “international” if 40 percent or more for non-U.S. firms (except vereins) are based on the of their lawyers work outside their home country. Firms annual average conversion rate of 2014 published by identified as “national” have no more than 45 percent of the U.S. Federal Reserve. A total of 123 firms were their lawyers located in one region of their home country. included on the global charts. The home country designation of international, verein, and EEIG firms is based on which country contains the Profits Per Equity Partner most lawyers. The geographic breakdown comes from the Firms are ranked by Profits Per Equity Partner (PPEP). most recent National Law Journal survey of the 350 largest PPEP figures were rounded to the nearest $5,000 and U.S. firms (the NLJ 350), or from the firms directly if they were obtained from the same sources that provided the are not included in that report. revenue figures. Only firms included in the Gross Revenue or Number of Lawyers rankings were considered for PPEP Vereins and European Economic Interest Groups (EEIGs) ranking. differ structurally from other Global 100 firms, especially in regard to profit sharing. u Gross Revenue The firms ranked by Gross Revenue are the world’s 100 highest-grossing law firms. Revenue figures are rounded to the nearest $500,000. Financial information for U.S.- based law firms is obtained fromThe American Lawyer’s The Am Law 100 report. All other firms were surveyed directly.

34 • ZGuide ZGuide • 35 The Global 100 The World’s Largest Firms, Ranked By Profits Per Equity Partner

Firm Profits Per Lawyers, Partners, Location 2014 Global 100 PPEP Rank Equity Partner Gross Revenue Global 100 Rank By Revenue Revenue Per Lawyer Global 100 Rank By Lawyers Wachtell, Lipton, Rosen & Katz 1 $4,755,000 $601,000,000 63 $2,310,000 — 260 Lawyers, 81 Equity Partners, New York

Quinn Emanuel Urquhart & Sullivan 2 $4,485,000 $972,500,000 33 $1,445,000 92 673 Lawyers, 133 Equity Partners, Los Angeles

Cahill Gordon & Reindel 3 $3,780,000 $386,500,000 98 $1,200,000 — 322 Lawyers, 62 Equity Partners, New York

Sullivan & Cromwell 4 $3,675,000 $1,278,000,000 17 $1,590,000 66 804 Lawyers, 172 Equity Partners, New York

Paul, Weiss, Rifkind, Wharton & Garrison 5 $3,620,000 $934,500,000 35 $1,095,000 56 854 Lawyers, 131 Equity Partners, New York

Cravath, Swaine & Moore 6 $3,290,000 $614,000,000 61 $1,430,000 — 430 Lawyers, 86 Equity Partners, New York

Kirkland & Ellis 7 $3,280,000 $2,016,000,000 6 $1,295,000 25 1,554 Lawyers, 334 Equity Partners, Chicago

Simpson Thacher & Bartlett 8 $3,165,000 $1,128,500,000 25 $1,350,000 60 835 Lawyers, 185 Equity Partners, New York

Gibson, Dunn & Crutcher 9 $2,945,000 $1,386,500,000 15 $1,200,000 34 1,154 Lawyers, 290 Equity Partners, Los Angeles

Slaughter and May 9 $2,945,000 $645,500,000 55 $1,250,000 — 516 Lawyers, 112 Equity Partners, London

Davis Polk & Wardwell 11 $2,940,000 $975,000,000 32 $1,205,000 63 810 Lawyers, 153 Equity Partners, New York

Cleary Gottlieb Steen & Hamilton 12 $2,875,000 $1,190,000,000 21 $1,000,000 31 1,192 Lawyers, 194 Equity Partners, New York

Skadden, Arps, Slate, Meagher & Flom 13 $2,730,000 $2,235,000,000 4 $1,345,000 21 1,664 Lawyers, 399 Equity Partners, New York

Cadwalader, Wickersham & Taft 14 $2,610,000 $481,500,000 76 $1,100,000 — 437 Lawyers, 56 Equity Partners, New York

Milbank, Tweed, Hadley & McCloy 15 $2,565,000 $706,000,000 49 $1,195,000 — 592 Lawyers, 137 Equity Partners, New York

Latham & Watkins 16 $2,490,000 $2,285,000,000 3 $1,110,000 16 2,060 Lawyers, 441 Equity Partners, Los Angeles

Debevoise & Plimpton 17 $2,310,000 $688,000,000 50 $1,155,000 — 595 Lawyers, 138 Equity Partners, New York

Willkie Farr & Gallagher 18 $2,235,000 $559,000,000 68 $1,065,000 — 526 Lawyers, 132 Equity Partners, New York

Schulte Roth & Zabel 19 $2,215,000 $389,000,000 94 $1,125,000 — 346 Lawyers, 84 Equity Partners, New York

Paul Hastings 20 $2,175,000 $941,000,000 34 $1,060,000 51 889 Lawyers, 198 Equity Partners, Los Angeles

36 • ZGuide ZGuide • 37 The Global 100 The World’s Largest Firms, Ranked By Profits Per Equity Partner

Firm Profits Per Lawyers, Partners, Location 2014 Global 100 PPEP Rank Equity Partner Gross Revenue Global 100 Rank By Revenue Revenue Per Lawyer Global 100 Rank By Lawyers Dechert 21 $2,150,000 $777,000,000 42 $920,000 58 845 Lawyers, 163 Equity Partners, Philadelphia

King & Spalding 22 $2,140,000 $861,500,000 39 $985,000 52 874 Lawyers, 164 Equity Partners, Atlanta

Freshfields Bruckhaus Deringer 23 $2,115,000 $1,927,000,000 9 $825,000 11 2,334 Lawyers, 427 Equity Partners, London

Linklaters 24 $2,095,000 $1,963,000,000 7 $895,000 14 2,195 Lawyers, 416 Equity Partners, London

Weil, Gotshal & Manges 25 $2,065,000 $1,137,000,000 24 $985,000 33 1,157 Lawyers, 174 Equity Partners, New York

Hughes Hubbard & Reed 26 $1,950,000 $396,000,000 92 $1,130,000 — 351 Lawyers, 76 Equity Partners, New York

Proskauer Rose 26 $1,950,000 $768,500,000 44 $1,080,000 89 712 Lawyers, 171 Equity Partners, New York

Sidley Austin 28 $1,875,000 $1,601,000,000 13 $945,000 19 1,696 Lawyers, 292 Equity Partners, Chicago

White & Case 29 $1,870,000 $1,440,000,000 14 $760,000 18 1,895 Lawyers, 273 Equity Partners, New York

Akin Gump Strauss Hauer & Feld 30 $1,835,000 $828,500,000 40 $1,025,000 64 809 Lawyers, 172 Equity Partners, Washington, DC

Shearman & Sterling 31 $1,800,000 $820,500,000 41 $1,015,000 64 809 Lawyers, 159 Equity Partners, New York

Clifford Chance 32 $1,790,000 $2,125,500,000 5 $855,000 8 2,480 Lawyers, 401 Equity Partners, London

Wilson Sonsini Goodrich & Rosati 33 $1,765,000 $575,000,000 66 $925,000 100 620 Lawyers, 123 Equity Partners, Palo Alto

Allen & Overy 34 $1,755,000 $1,930,500,000 8 $880,000 13 2,196 Lawyers, 444 Equity Partners, London

O'Melveny & Myers 35 $1,730,000 $733,000,000 48 $1,015,000 86 721 Lawyers, 178 Equity Partners, Los Angeles

Ropes & Gray 36 $1,710,000 $997,500,000 31 $990,000 41 1,006 Lawyers, 266 Equity Partners, Boston

Vinson & Elkins 36 $1,710,000 $630,500,000 59 $970,000 98 650 Lawyers, 160 Equity Partners, Houston

Orrick, Herrington & Sutcliffe 38 $1,695,000 $867,500,000 38 $910,000 47 954 Lawyers, 117 Equity Partners, San Francisco

Alston & Bird 39 $1,665,000 $675,000,000 52 $855,000 70 789 Lawyers, 146 Equity Partners, Atlanta

Fried, Frank, Harris, Shriver & Jacobson 40 $1,635,000 $458,500,000 78 $1,020,000 — 450 Lawyers, 119 Equity Partners, New York

38 • ZGuide ZGuide • 39 The Global 100 The World’s Largest Firms, Ranked By Profits Per Equity Partner

1 Ashurst merged with Ashurst Australia in November 2013.

Firm Profits Per Lawyers, Partners, Location 2014 Global 100 PPEP Rank Equity Partner Gross Revenue Global 100 Rank By Revenue Revenue Per Lawyer Global 100 Rank By Lawyers Goodwin Procter 41 $1,625,000 $752,500,000 46 $980,000 73 769 Lawyers, 196 Equity Partners, Boston

Fragomen, Del Rey, Bernsen & Loewy 42 $1,610,000 $387,000,000 97 $875,000 — 443 Lawyers, 60 Equity Partners, New York

Cooley 43 $1,565,000 $674,000,000 53 $1,000,000 92 673 Lawyers, 173 Equity Partners, Palo Alto

Morgan, Lewis & Bockius 43 $1,565,000 $1,291,000,000 16 $945,000 28 1,363 Lawyers, 366 Equity Partners, Philadelphia

McDermott Will & Emery 45 $1,545,000 $881,000,000 37 $865,000 39 1,021 Lawyers, 192 Equity Partners, Chicago

Wilmer Cutler Pickering Hale and Dorr 46 $1,500,000 $1,073,000,000 28 $1,085,000 43 988 Lawyers, 297 Equity Partners, Washington, DC

Bingham McCutchen 47 $1,475,000 $762,000,000 45 $960,000 68 795 Lawyers, 145 Equity Partners, Boston

Morrison & Foerster 48 $1,465,000 $1,011,000,000 30 $990,000 40 1,020 Lawyers, 264 Equity Partners, San Francisco

Winston & Strawn 49 $1,410,000 $741,000,000 47 $900,000 62 822 Lawyers, 174 Equity Partners, Chicago

Baker Botts 50 $1,355,000 $586,000,000 65 $860,000 91 681 Lawyers, 180 Equity Partners, Houston

Greenberg Traurig 51 $1,350,000 $1,230,500,000 20 $730,000 20 1,690 Lawyers, 299 Equity Partners, New York

Arnold & Porter 52 $1,335,000 $686,000,000 51 $955,000 87 720 Lawyers, 239 Equity Partners, Washington, DC

Katten Muchin Rosenman 53 $1,330,000 $506,000,000 73 $825,000 — 612 Lawyers, 143 Equity Partners, Chicago

DLA Piper 54 $1,325,000 $2,481,000,000 2 $625,000 2 3,962 Lawyers, 454 Equity Partners, London and Chicago (Verein)

Baker & McKenzie 55 $1,290,000 $2,540,000,000 1 $600,000 1 4,245 Lawyers, 705 Equity Partners, Chicago (Verein)

Mayer Brown 56 $1,285,000 $1,146,000,000 23 $780,000 26 1,470 Lawyers, 269 Equity Partners, Chicago

Ashurst1 57 $1,265,000 $916,500,000 36 $585,000 23 1,571 Lawyers, 262 Equity Partners, London

Sheppard, Mullin, Richter & Hampton 58 $1,245,000 $466,500,000 77 $850,000 — 549 Lawyers, 106 Equity Partners, Los Angeles

Hogan Lovells 59 $1,210,000 $1,717,500,000 12 $745,000 12 2,313 Lawyers, 520 Equity Partners, London and Washington, DC (Verein)

Minter Ellison 60 $1,200,000 $435,000,000 82 $580,000 77 750 Lawyers, 145 Equity Partners, Sydney

40 • ZGuide ZGuide • 41 The Global 100 The World’s Largest Firms, Ranked By Profits Per Equity Partner

Firm Profits Per Lawyers, Partners, Location 2014 Global 100 PPEP Rank Equity Partner Gross Revenue Global 100 Rank By Revenue Revenue Per Lawyer Global 100 Rank By Lawyers Loyens & Loeff 61 $1,185,000 $384,000,000 100 $485,000 69 791 Lawyers, 103 Equity Partners, Rotterdam

Herbert Smith Freehills 62 $1,160,000 $1,251,500,000 19 $600,000 15 2,091 Lawyers, 313 Equity Partners, London and Sydney

Covington & Burling 63 $1,155,000 $657,000,000 54 $865,000 74 760 Lawyers, 246 Equity Partners, Washington, DC

Eversheds 64 $1,140,000 $597,000,000 64 $490,000 30 1,218 Lawyers, 118 Equity Partners, London

Reed Smith 64 $1,140,000 $1,075,000,000 27 $690,000 24 1,555 Lawyers, 295 Equity Partners, Pittsburgh

Allens 66 $1,100,000 $414,000,000 87 $570,000 83 729 Lawyers, 156 Equity Partners, International

Clayton Utz 66 $1,100,000 $405,000,000 91 $485,000 60 835 Lawyers, 156 Equity Partners, Sydney

Pillsbury Winthrop Shaw Pittman 66 $1,100,000 $543,500,000 70 $920,000 — 591 Lawyers, 164 Equity Partners, New York

Perkins Coie 69 $1,080,000 $635,500,000 58 $740,000 54 861 Lawyers, 167 Equity Partners, Seattle

Holland & Knight 70 $1,030,000 $627,000,000 60 $655,000 46 956 Lawyers, 170 Equity Partners, Tampa

Foley & Lardner 71 $960,000 $644,000,000 56 $765,000 59 844 Lawyers, 157 Equity Partners, Milwaukee

McGuireWoods 72 $950,000 $609,500,000 62 $655,000 48 931 Lawyers, 172 Equity Partners, Richmond

Baker & Hostetler 73 $935,000 $540,000,000 71 $675,000 67 798 Lawyers, 151 Equity Partners, Cleveland

Clyde & Co. 73 $935,000 $571,000,000 67 $495,000 35 1,151 Lawyers, 155 Equity Partners, London

Locke Lord 73 $935,000 $415,000,000 86 $775,000 — 536 Lawyers, 155 Equity Partners, Dallas

Seyfarth Shaw 76 $925,000 $540,000,000 71 $695,000 71 779 Lawyers, 190 Equity Partners, Chicago

Venable 77 $905,000 $409,500,000 89 $770,000 — 533 Lawyers, 160 Equity Partners, Washington, DC

Jones Day 78 $880,000 $1,766,000,000 11 $715,000 9 2,464 Lawyers, 927 Equity Partners, Cleveland

Duane Morris 79 $875,000 $421,500,000 84 $685,000 — 613 Lawyers, 121 Equity Partners, Philadelphia

Hunton & Williams 80 $865,000 $545,000,000 69 $750,000 84 726 Lawyers, 216 Equity Partners, Richmond

42 • ZGuide ZGuide • 43 The Global 100 2 Squire Sanders joined with Patton Boggs in June 2014 to form the Squire Patton Boggs verein. The World’s Largest Firms, Ranked By Profits Per Equity Partner Results are for the legacy operation only. 3 Fulbright & Jaworski joined with Norton Rose in June 2013 to form the Norton Rose Fulbright verein. 4 SNR Denton joined with Fraser Milner Casgrain and Salans in March 2013 to form the Dentons verein.

Firm Profits Per Lawyers, Partners, Location 2014 Global 100 PPEP Rank Equity Partner Gross Revenue Global 100 Rank By Revenue Revenue Per Lawyer Global 100 Rank By Lawyers Simmons & Simmons 80 $865,000 $420,000,000 85 $570,000 80 740 Lawyers, 135 Equity Partners, London

K&L Gates 82 $830,000 $1,159,000,000 22 $585,000 17 1,975 Lawyers, 264 Equity Partners, Pittsburgh

Berwin Leighton Paisner 83 $825,000 $385,500,000 99 $590,000 97 655 Lawyers, 94 Equity Partners, London

Squire Patton Boggs2 84 $810,000 $775,500,000 43 $630,000 29 1,227 Lawyers, 132 Equity Partners, International (Verein)

Bryan Cave 85 $805,000 $643,000,000 57 $655,000 44 985 Lawyers, 219 Equity Partners, St. Louis

CMS Legal Services 86 $765,000 $1,118,500,000 26 $475,000 10 2,343 Lawyers, 503 Equity Partners, Frankfurt

Troutman Sanders 87 $750,000 $394,000,000 93 $695,000 — 567 Lawyers, 189 Equity Partners, Atlanta

Faegre Baker Daniels 88 $735,000 $452,000,000 79 $670,000 92 673 Lawyers, 241 Equity Partners, Minneapolis

Garrigues 89 $730,000 $441,000,000 80 $310,000 27 1,417 Lawyers, 234 Equity Partners, Madrid

Lewis Brisbois Bisgaard & Smith 90 $710,000 $363,500,000 — — 50 902 Lawyers, 97 Equity Partners, Los Angeles

Nixon Peabody 90 $710,000 $411,500,000 88 $705,000 — 584 Lawyers, 162 Equity Partners, Rochester

Drinker Biddle & Reath 92 $705,000 $388,000,000 96 $680,000 — 571 Lawyers, 187 Equity Partners, Philadelphia

Kilpatrick Townsend & Stockton 93 $700,000 $388,500,000 95 $695,000 — 561 Lawyers, 156 Equity Partners, Atlanta

Bird & Bird 94 $685,000 $406,000,000 90 $390,000 37 1,036 Lawyers, 92 Equity Partners, London

Taylor Wessing 95 $665,000 $377,000,000 — — 49 927 Lawyers, 185 Equity Partners, London

Norton Rose Fulbright3 96 $660,000 $1,904,000,000 10 $540,000 4 3,537 Lawyers, 997 Equity Partners, London (Verein)

DWF 97 $645,000 $299,000,000 — — 77 750 Lawyers, 62 Equity Partners, Manchester, UK

Pinsent Masons 98 $630,000 $505,000,000 74 $315,000 22 1,600 Lawyers, 159 Equity Partners, London

Dentons4 99 $625,000 $1,261,500,000 18 $505,000 7 2,503 Lawyers, 387 Equity Partners, Decentralized (Verein)

Addleshaw Goddard 100 $610,000 $268,000,000 — — 81 734 Lawyers, 102 Equity Partners, London

44 • ZGuide ZGuide • 45 The Corporate Scorecard

Methodology

The Corporate Scorecard is published by The American IPOs include offerings by U.S. and foreign corporations in the Lawyer each April and details the performance of the U.S. marketplace. Source: Thomson Reuters law firms with the most active corporate finance and capital markets practices. The data for the rankings, Equities include worldwide issues by U.S. corporations, culled by a number of third-party sources, is gathered including secondaries, convertible bonds, and convertible by ALM Legal Intelligence. Unless otherwise noted, data and nonconvertible preferred stock. It excludes asset-backed includes only public, registered, underwritten offerings securities and REITs. Source: Thomson Reuters or deals transacted in the previous calendar year, including firmly underwritten rule 144a transactions, Corporate Debt includes both investment-grade and high- but not pure private placements or the filing of shelf yield securities. Investment-grade debt includes securities with registrations. Rankings are based on data reported as of a Standard & Poor’s rating equal to or greater than BBB- and a February each year. Moody’s rating equal to or greater than Baa3, and split junk-rated securities. High-yield debt includes securities with an S&P rating On the charts ranking merger and acquisitions and equal to or less than BB+ and a Moody’s rating equal to or less buyouts, firms’ primary rankings are based on the value than Ba1, but excludes split junk-rated securities. Securities not of the transactions or assets at filing. On all other charts, rated by either agency are assumed to be high yield. Both areas firms are ranked by the number of issues or deals. exclude certificate of deposit, general term notes, and issues by federal credit agencies, sovereigns, and national governments. Mergers and Acquisitions and Buyouts data includes deals Source: Thomson Reuters with a North American–based target that were announced but not necessarily completed in 2014, and are valued at $100 Project Finance data is based on deals signed and funded in 2014 and million or more, including debt. Only counsel to bidders that includes only nonrecourse and limited recourse facilities. Firms are billed more than $100,000 are given credit. In some cases, a firm’s credited for advising borrowers, concession awarders, commercial involvement is prorated, depending on its role, and the firm is lenders, multilateral lenders, export credit agencies, guarantors, and given partial credit. Source: Mergermarket divestors. Source: Dealogic u

46 • ZGuide ZGuide • 47 The Corporate Scorecard

Mergers and Acquisitions Mergers and Acquisitions (cont.)

Value Rank by Value Rank by Number Value Rank by Value Rank by Number of Deals of Deals of Deals of Deals of Deals of Deals Number of Deals Counsel to Principals (in millions) 2015 2014 2015 2014 Counsel to Financial Adviser (in millions) 2015 2014 Number of Deals 2015 2014 Skadden, Arps, Slate, Meagher & Flom $490,508 1 8 133 3 3 Gibson, Dunn & Crutcher $51,784 16 11 18 6 11 Weil, Gotshal & Manges $371,034 2 13 101 4 6 Paul, Weiss, Rifkind, Wharton & Garrison $51,321 17 — 12 14 — Wachtell, Lipton, Rosen & Katz $366,610 3 1 67 8 8 Freshfields Bruckhaus Deringer $46,558 18 — 2 — — Sullivan & Cromwell $295,306 4 12 54 14 8 Matheson $46,397 19 — 2 — — Latham & Watkins $276,894 5 7 145 2 1 Blake, Cassels & Graydon $44,392 20 — 1 — —

Simpson Thacher & Bartlett $237,113 6 2 94 5 4 Source: Mergermarket Davis Polk & Wardwell $221,301 7 14 51 15 13 Cleary Gottlieb Steen & Hamilton $217,896 8 — 55 13 13 Buyouts Jones Day $195,376 9 6 93 6 5 Rank by Value of Deals Rank by Number of Deals Richards, Layton & Finger $163,798 10 — 37 — — Value of Deals Number Stikeman Elliott $162,053 11 — 48 18 10 Principal Counsel (in millions) 2015 of Deals 2015 Kirkland & Ellis $35,350 1 42 1 Slaughter and May $161,140 12 4 21 — — Paul, Weiss, Rifkind, Wharton & Garrison $159,499 13 — 68 7 — Latham & Watkins $23,481 2 20 2 Baker Botts $159,301 14 — 40 — — Simpson Thacher & Bartlett $22,379 3 15 5 Kirkland & Ellis $155,301 15 10 146 1 1 Stikeman Elliott $16,710 4 8 7 Arthur Cox $140,400 16 — 10 — — Weil, Gotshal & Manges $11,038 5 16 4 Blake, Cassels & Graydon $136,675 17 19 43 — — Ropes & Gray $8,193 6 17 3 Ropes & Gray $122,654 18 18 57 10 — Conyers Dill & Pearman $7,350 7 2 — Willkie Farr & Gallagher $121,724 19 — 44 — 17 Wilson Sonsini Goodrich & Rosati $7,188 8 1 — Covington & Burling $120,864 20 — 22 — — Debevoise & Plimpton $6,100 9 7 9 Source: Mergermarket Osler, Hoskin & Harcourt $5,637 10 3 — Fried, Frank, Harris, Shriver & Jacobson $5,255 11 9 6 Mergers and Acquisitions Cleary Gottlieb Steen & Hamilton $4,721 12 6 10

Rank by Value Rank by Number King & Spalding $4,400 13 1 — Value of Deals of Deals of Deals

Counsel to Financial Adviser (in millions) 2015 2014 Number of Deals 2015 2014 Paul, Weiss, Rifkind, Wharton & Garrison $4,390 14 8 8 White & Case $284,900 1 3 53 1 1 Loyens & Loeff $4,100 15 2 — Cleary Gottlieb Steen & Hamilton $211,926 2 17 16 8 15 Fangda Partners $3,942 16 3 — Sullivan & Cromwell $175,438 3 6 27 3 8 Vinson & Elkins $3,920 17 5 12 Shearman & Sterling $160,758 4 12 20 4 4 Skadden, Arps, Slate, Meagher & Flom $3,657 18 6 11 Fried, Frank, Harris, Shriver & Jacobson $144,315 5 8 20 5 3 Accura $3,200 19 1 — Simpson Thacher & Bartlett $118,595 6 9 10 16 10 Willkie Farr & Gallagher $3,050 20 5 13 Cravath, Swaine & Moore $118,459 7 7 15 9 13 Source: Mergermarket Davis Polk & Wardwell $102,092 8 1 30 2 2 Debevoise & Plimpton $91,763 9 — 6 20 — Latham & Watkins $86,418 10 4 12 13 8 Jones Day $70,412 11 13 4 — — Alston & Bird $61,905 12 14 14 11 4 Kirkland & Ellis $61,552 13 — 10 17 17 Skadden, Arps, Slate, Meagher & Flom $56,818 14 20 17 7 15 Ashurst $55,553 15 — 2 — —

Source: Mergermarket

48 • ZGuide ZGuide • 49 The Corporate Scorecard

U.S. IPOs Equities by U.S. Corporations, Excluding IPOs (cont.) Rank by Number Rank by Rank by Number Rank by of Issues Proceeds of Issues Proceeds Issues Issues Proceeds Proceeds Number of (in millions) Number of (in millions) 2015 2014 2015 2014 2015 2014 2015 Issuer’s Counsel Issuer’s Counsel 20 14 Cooley 25 1 2 $2,428 7 — Andrews Kurth 10 17 — $1,762 24 — Latham & Watkins 17 2 1 $2,914 3 3 Debevoise & Plimpton 10 17 — $6,006 8 — Wilson Sonsini Goodrich & Rosati 15 3 2 $1,912 10 4 Ropes & Gray 10 17 — $1,652 — — Vinson & Elkins 12 4 4 $6,088 1 1 Sullivan & Cromwell 10 17 — $5,923 9 — Kirkland & Ellis 11 5 — $2,758 4 — Baker Botts 9 21 — $3,197 13 5 Skadden, Arps, Slate, Meagher & Flom 9 6 — $1,206 15 5 Cleary Gottlieb Steen & Hamilton 9 21 — $1,813 22 — Fenwick & West 8 7 — $2,212 9 — Fenwick & West 8 23 — $2,022 19 — Goodwin Procter 8 7 5 $899 16 — K&L Gates 8 23 — $930 — — Ropes & Gray 7 9 — $2,500 6 — Paul, Weiss, Rifkind, Wharton & Garrison 8 23 — $1,773 23 — Simpson Thacher & Bartlett 7 9 — $2,517 5 2 Venable 8 23 — $472 — —

DLA Piper 6 11 — $616 22 — Source: Thomson Reuters Morgan, Lewis & Bockius 6 11 — $327 28 — Wilmer Cutler Pickering Hale and Dorr 6 11 — $448 24 — Investment-Grade Debt Mintz, Levin, Cohn, Ferris, Glovsky & Popeo 4 14 — $160 — — Rank by Number Rank by Proskauer Rose 4 14 — $492 23 — of Issues Proceeds Issues Proceeds (in millions) Number of Weil, Gotshal & Manges 4 14 — $1,823 11 — Issuer’s Counsel 2015 2014 2015 2014 Baker Botts 3 17 — $1,469 13 — Davis Polk & Wardwell 59 1 3 $90,703 1 4 Conyers Dill & Pearman 3 17 — $803 18 — Skadden, Arps, Slate, Meagher & Flom 47 2 2 $59,675 3 2 Davis Polk & Wardwell 3 17 — $6,065 2 — Simpson Thacher & Bartlett 40 3 4 $51,561 5 6 Gibson, Dunn & Crutcher 3 17 — $764 20 — Sidley Austin 39 4 6 $23,879 7 — K&L Gates 3 17 — $107 — — Sullivan & Cromwell 38 5 1 $56,579 4 1 Sutherland Asbill & Brennan 3 17 — $258 — — Cleary Gottlieb Steen & Hamilton 37 6 5 $64,505 2 5 Wachtell, Lipton, Rosen & Katz 3 17 — $2,307 8 — Shearman & Sterling 28 7 10 $20,658 8 9 Source: Thomson Reuters Allen & Overy 26 8 8 $14,231 17 7 Willkie Farr & Gallagher 25 9 9 $15,443 15 — Equities by U.S. Corporations, Excluding IPOs Gibson, Dunn & Crutcher 20 10 — $32,260 6 — Rank by Number Rank by Latham & Watkins 20 10 — $17,706 13 — of Issues Proceeds Mayer Brown 20 10 7 $15,166 16 — Issues Proceeds Number of (in millions) 2015 2014 2015 Issuer’s Counsel 20 14 White & Case 19 13 — $16,642 14 — Latham & Watkins 34 1 4 $9,990 4 — Pillsbury Winthrop Shaw Pittman 17 14 — $5,190 34 — Vinson & Elkins 33 2 1 $10,888 2 3 Jones Day 16 15 — $12,683 19 — Cooley 28 3 1 $3,278 12 — Morgan, Lewis & Bockius 16 15 — $4,935 — — Skadden, Arps, Slate, Meagher & Flom 21 4 1 $5,792 10 1 Clifford Chance 15 17 — $18,625 12 — Wilson Sonsini Goodrich & Rosati 21 4 5 $10,174 3 4 Cravath, Swaine & Moore 15 17 — $18,755 11 8 Kirkland & Ellis 18 6 — $6,779 6 — Hogan Lovells 13 19 — $20,066 9 10 Simpson Thacher & Bartlett 18 6 — $13,630 1 2 Linklaters 13 19 — $8,287 24 — Gibson, Dunn & Crutcher 16 8 — $7,918 5 — Paul, Weiss, Rifkind, Wharton & Garrison 12 21 — $12,388 20 — Sutherland Asbill & Brennan 16 8 — $1,306 — — Proskauer Rose 11 22 — $12,914 18 — Wilmer Cutler Pickering Hale and Dorr 15 10 — $2,704 15 — Milbank, Tweed, Hadley & McCloy 9 23 — $6,155 — — Goodwin Procter 14 11 — $2,670 16 — Sutherland Asbill & Brennan 9 23 — $915 — — Akin Gump Strauss Hauer & Feld 13 12 — $3,720 11 — Baker & McKenzie 8 25 — $1,714 — — Davis Polk & Wardwell 12 13 — $6,767 7 — Debevoise & Plimpton 8 25 — $10,279 21 3 DLA Piper 12 13 — $1,043 37 — McCarthy Tetrault 8 25 — $7,648 — — Morgan, Lewis & Bockius 12 13 — $2,841 14 — McGuireWoods 8 25 — $9,387 22 — Wachtell, Lipton, Rosen & Katz 11 16 — $2,416 17 — Vinson & Elkins 8 25 — $5,009 — —

Source: Thomson Reuters

50 • ZGuide ZGuide • 51 The Corporate Scorecard

High-Yield Debt Project Finance

Rank by Number Rank by Rank by Rank by of Issues Proceeds Number of Value of

Issues Financings Financings Proceeds Number of Value of Value (in millions) 2015 2015 2014 2014 Number of (in millions) Issuer’s Counsel Firm Financings 2015 2014 Financings 2015 2014 Latham & Watkins 58 1 2 $30,089 2 2 Allen & Overy (U.K.) 77 1 2 $33,915 1 1 Simpson Thacher & Bartlett 52 2 1 $24,320 4 1 Milbank, Tweed, Hadley & McCloy (U.S.) 72 2 5 $13,026 7 7 Kirkland & Ellis 49 3 3 $31,392 1 4 Norton Rose Fulbright (U.K. - Verein) 64 3 3 $12,324 8 6 Skadden, Arps, Slate, Meagher & Flom 37 4 4 $17,470 6 3 Clifford Chance (U.K.) 63 4 1 $16,885 4 2 Vinson & Elkins 27 5 5 $15,443 7 9 Latham & Watkins (U.S.) 52 5 4 $21,274 2 3 White & Case 27 5 10 $26,614 3 — Herbert Smith Freehills (U.K. and Australia) 51 6 6 $17,128 3 8 Davis Polk & Wardwell 23 7 7 $17,741 5 5 White & Case (U.S.) 48 7 8 $13,384 5 5 Paul, Weiss, Rifkind, Wharton & Garrison 20 8 — $6,684 16 10 Linklaters (U.K.) 44 8 7 $11,146 9 4 Shearman & Sterling 20 8 7 $13,542 8 — Ashurst (U.K.) 38 9 11 $13,276 6 14 Cravath, Swaine & Moore 16 10 — $7,068 15 — Amarchand Mangaldas (India) 36 10 — $10,426 10 — Gibson, Dunn & Crutcher 16 10 — $10,935 9 6 Desai & Diwanji (India) 35 11 19 $5,723 14 — Linklaters 15 12 — $8,518 14 — King & Wood Mallesons (China and Australia) 34 12 13 $6,582 13 12 Allens (International) 32 13 9 $9,531 11 10 Cleary Gottlieb Steen & Hamilton 14 13 — $8,623 13 — Chadbourne & Parke (U.S.) 28 14 18 $4,089 18 — Sullivan & Cromwell 12 14 6 $9,216 11 7 Shearman & Sterling (U.S.) 28 14 12 $4,135 16 11 Milbank, Tweed, Hadley & McCloy 11 15 — $4,403 19 — DLA Piper (U.K. and U.S. - Verein) 25 16 — $4,094 17 — Akin Gump Strauss Hauer & Feld 10 16 — $4,825 17 — Baker & McKenzie (U.S. - Verein) 24 17 17 $9,102 12 — Allen & Overy 10 16 — $9,831 10 — Davis Polk & Wardwell (U.S.) 24 17 14 $3,360 20 — Baker & McKenzie 9 18 — $2,470 — — Pinheiro Neto Advogados (Brazil) 21 19 — $1,688 23 — Jones Day 9 18 — $4,616 18 8 Watson Farley & Williams (U.K.) 21 19 — $1,639 24 — Winston & Strawn 9 18 — $3,100 — — Link Legal India Law Services (India) 20 21 — $2,816 21 — Andrews Kurth 8 21 — $2,161 — — Simpson Thacher & Bartlett (U.S.) 20 21 — $4,475 15 — DLA Piper 8 21 — $2,874 — — Machado, Meyer, Sendacz & Opice (Brazil) 18 23 — $2,150 22 — Fried, Frank, Harris, Shriver & Jacobson 8 21 — $1,444 — — Mattos Filho, Veiga Filho, Marrey Jr & 17 24 — $1,324 26 — Sidley Austin 8 21 — $3,374 23 — Quiroga (Brazil) Weil, Gotshal & Manges 8 21 — $3,053 — — R & A Legal Advocates (India) 17 24 — $930 29 —

Source: Thomson Reuters Mayer Brown (U.S.) 15 26 — $3,719 19 — SJ Law Advocates & Solicitors (India) 15 26 — $1,288 27 — Eversheds (U.K.) 14 28 — $493 30 — Torys (Canada) 14 28 — $1,490 25 — Salans FMC SNR Denton Group (Decentralized 13 30 — $1,196 28 — Verein)

Source: Dealogic

52 • ZGuide ZGuide • 53 Clark Hill, 20, 33 Clayton Utz, 42 Cleary Gottlieb Steen & Hamilton, 4, 25, 36, 48, 49, 51, 52 Clifford Chance, 38, 51, 53 Clyde & Co., 42 Law Firm Index CMS Legal Services, 44 Conyers Dill & Pearman, 49, 50 Cooley, 8, 26, 40, 50 Covington & Burling, 10, 27, 42, 48 Cozen O’Connor, 16, 30 Cravath, Swaine & Moore, 4, 24, 36, 48, 51, 52 Crowell & Moring, 12, 29 Curtis, Mallet-Prevost, Colt & Mosle, 8, 32 A Accura, 49 D Adams and Reese, 20, 30 Davis Polk & Wardwell, 4, 25, 36, 48, 50, 51, 52, 53 Addleshaw Goddard, 44 Davis Wright Tremaine, 20, 31 Akerman, 18, 31 Day Pitney, 16, 25 Akin Gump Strauss Hauer & Feld, 6, 25, 38, 50, 52 Debevoise & Plimpton, 4, 25, 36, 48, 49, 51 Allen & Overy, 38, 51, 52, 53 Dechert, 6, 25, 38 Allen Matkins Leck Gamble Mallory & Natsis, 14, 25 Dentons, 22, 33, 44 Allens, 42, 53 Desai & Diwanji, 53 Alston & Bird, 8, 27, 38, 48 Dickinson Wright, 20, 31 Amarchand Mangaldas, 53 Dickstein Shapiro, 12, 29 Andrews Kurth, 10, 26, 51, 52 Dinsmore & Shohl, 22, 33 Arent Fox, 14, 28 DLA Piper, 8, 30, 40, 50, 52, 53 Armstrong Teasdale, 16, 26 Dorsey & Whitney, 18, 31 Arnold & Porter, 10, 26, 40 Drinker Biddle & Reath, 16, 30, 44 Arthur Cox, 48 Duane Morris, 14, 29, 42 Ashurst, 40, 48, 53 DWF, 44 Dykema Gossett, 20, 32 B Baker & Hostetler, 16, 30, 42 E Baker & McKenzie, 10, 30, 40, 51, 52, 53 Edwards Wildman Palmer, 18, 33 Baker Botts, 8, 25, 40, 48, 50, 51 Eversheds, 42, 53 Baker, Donelson, Bearman, Caldwell & Berkowitz, 20, 32 Ballard Spahr, 20, 31 F Barnes & Thornburg, 14, 27 Faegre Baker Daniels, 16, 28, 44 Berwin Leighton Paisner, 44 Fangda Partners, 49 Bingham McCutchen, 10, 29, 40 Fenwick & West, 8, 26, 50, 51 Bird & Bird, 44 Finnegan, Henderson, Farabow, Garrett & Dunner, 10, 27 Blake, Cassels & Graydon, 48, 49 Fish & Richardson, 10, 26 Blank Rome, 14, 30 Fisher & Phillips, 20, 31 Boies, Schiller & Flexner, 4, 24 Fitzpatrick, Cella, Harper & Scinto, 16, 31 Bracewell & Giuliani, 10, 28 Foley & Lardner, 12, 29, 42 Bradley Arant Boult Cummings, 18, 28 Foley Hoag, 12, 28 Brown Rudnick, 10, 25 Fox Rothschild, 18, 32 Brownstein Hyatt Farber Schreck, 14, 28 Fragomen, Del Rey, Bernsen & Loewy, 6, 30, 40 Bryan Cave, 16, 31, 44 Freshfields Bruckhaus Deringer, 38, 49 Buchanan Ingersoll & Rooney, 18, 31 Fried, Frank, Harris, Shriver & Jacobson, 6, 26, 38, 48, 49, 52 BuckleySandler, 4, 24 Frost Brown Todd, 22, 32 Burr & Forman, 22, 32 G C Gardere Wynne Sewell, 16, 29 Cadwalader, Wickersham & Taft, 6, 27, 36 Garrigues, 44 Cahill Gordon & Reindel, 4, 24, 36 Gibbons, 14, 31 Carlton Fields Jorden Burt, 14, 28 Gibson, Dunn & Crutcher, 4, 24, 36, 49, 50, 51, 52 Chadbourne & Parke, 12, 31, 53 Goodwin Procter, 8, 25, 40, 50 Chapman and Cutler, 12, 26 Gordon Rees Scully Mansukhani, 16, 33 Choate Hall & Stewart, 6, 24 Goulston & Storrs, 16, 27

54 • ZGuide ZGuide • 55 Law Firm Index

GrayRobinson, 22, 31 M Greenberg Traurig, 8, 27, 40 Machado, Meyer, Sendacz & Opice, 53 Greenspoon Marder, 22, 33 Manatt, Phelps & Phillips, 10, 27 Matheson, 49 H Mattos Filho, Veiga Filho, Marrey Jr & Quiroga, 53 Haynes and Boone, 14, 30 Mayer Brown, 8, 29, 40, 51, 53 Herbert Smith Freehills, 42, 53 McCarter & English, 18, 32 Herrick, Feinstein, 18, 31 McCarthy Tetrault, 51 Hinckley, Allen & Snyder, 18, 29 McDermott Will & Emery, 8, 26, 40 Hinshaw & Culbertson, 20, 32 McElroy, Deutsch, Mulvaney & Carpenter, 12, 33 Hogan Lovells, 10, 29, 40, 51 McGuireWoods, 12, 30, 42, 51 Holland & Hart, 22, 32 McKenna Long & Aldridge, 14, 32 Holland & Knight, 12, 28, 42 Michael Best & Friedrich, 20, 31 Honigman Miller Schwartz and Cohn, 16, 25 Milbank, Tweed, Hadley & McCloy, 4, 24, 36, 51, 52, 53 Hughes Hubbard & Reed, 6, 25, 38 Miller, Canfield, Paddock and Stone, 22, 33 Hunton & Williams, 12, 28, 42 Minter Ellison, 40 Husch Blackwell, 20, 32 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, 12, 29, 50 Moore & Van Allen, 14, 28 I Morgan, Lewis & Bockius, 8, 26, 40, 50, 51 Ice Miller, 18, 29 Morris, Manning & Martin, 12, 27 Irell & Manella, 4, 24 Morrison & Foerster, 10, 27, 40 Munger, Tolles & Olson, 6, 24 J Jackson Lewis, 18, 32 N Jackson Walker, 14, 27 Nelson Mullins Riley & Scarborough, 18, 30 Jeffer Mangels Butler & Mitchell, 8, 24 Nixon Peabody, 16, 30, 44 Jenner & Block, 8, 25 Norton Rose Fulbright, 18, 33, 44, 53 Jones Day, 14, 28, 42, 48, 51, 52 O K Ogletree, Deakins, Nash, Smoak & Stewart, 18, 32 K&L Gates, 14, 32, 44, 50, 51 O’Melveny & Myers, 8, 27, 38 Kasowitz, Benson, Torres & Friedman, 6, 28 Orrick, Herrington & Sutcliffe, 8, 27, 38 Katten Muchin Rosenman, 10, 27, 40 Osler, Hoskin & Harcourt, 49 Kaye Scholer, 10, 27 Kelley Drye & Warren, 16, 30 P Kenyon & Kenyon, 18, 33 Patterson Belknap Webb & Tyler, 8, 26 Kilpatrick Townsend & Stockton, 14, 30, 44 Paul Hastings, 6, 24, 36 King & Spalding, 6, 25, 38, 49 Paul, Weiss, Rifkind, Wharton & Garrison, 4, 25, 36, 48, 49, 51, 52 King & Wood Mallesons, 53 Pepper Hamilton, 12, 29 Kirkland & Ellis, 4, 24, 36, 48, 49, 50, 52 Perkins Coie, 12, 28, 42 Knobbe, Martens, Olson & Bear, 20, 31 Phelps Dunbar, 22, 33 Kramer Levin Naftalis & Frankel, 6, 25 Pillsbury Winthrop Shaw Pittman, 12, 26, 42, 51 Kutak Rock, 22, 32 Pinheiro Neto Advogados, 53 Pinsent Masons, 44 L Polsinelli, 18, 32 Lane Powell, 22, 32 Porter Wright Morris & Arthur, 20, 31 Latham & Watkins, 4, 24, 36, 48, 49, 50, 51, 52, 53 Proskauer Rose, 6, 25, 38, 50, 51 Lathrop & Gage, 22, 33 LeClairRyan, 22, 33 Q Lewis Brisbois Bisgaard & Smith, 18, 32, 44 Quarles & Brady, 22, 32 Lewis Roca Rothgerber, 22, 31 Quinn Emanuel Urquhart & Sullivan, 4, 24, 36 Link Legal India Law Services, 53 Linklaters, 38, 51, 52, 53 R Littler Mendelson, 20, 33 R & A Legal Advocates, 53 Locke Lord, 12, 28, 42 Reed Smith, 10, 29, 42 Loeb & Loeb, 8, 26 Richards, Layton & Finger, 48 Lowenstein Sandler, 10, 28 Robins, Kaplan, Miller & Ciresi, 10, 26 Loyens & Loeff, 42, 49 Robinson & Cole, 22, 32 Ropes & Gray, 6, 25, 38, 48, 49, 50, 51

56 • ZGuide ZGuide • 57 Law Firm Index Notes

S Salans FMC SNR Denton Group, 53 Saul Ewing, 20, 31 Schiff Hardin, 16, 28 Schulte Roth & Zabel, 6, 25, 36 Sedgwick, 20, 33 Seyfarth Shaw, 14, 30, 42 Shearman & Sterling, 6, 27, 38, 48, 51, 52, 53 Sheppard, Mullin, Richter & Hampton, 10, 27, 40 Shook, Hardy & Bacon, 16, 30 Shumaker, Loop & Kendrick, 22, 30 Shutts & Bowen, 16, 29 Sidley Austin, 6, 26, 38, 51, 52 Simmons & Simmons, 44 Simpson Thacher & Bartlett, 4, 24, 36, 48, 49, 50, 51, 52, 53 SJ Law Advocates & Solicitors, 53 Skadden, Arps, Slate, Meagher & Flom, 4, 24, 36, 48, 49, 50, 51, 52 Slaughter and May, 36, 48 Smith, Gambrell & Russell, 18, 31 Snell & Wilmer, 16, 29 Squire Patton Boggs, 14, 33, 44 Steptoe & Johnson, 14, 29 Stevens & Lee, 10, 26 Stikeman Elliott, 48, 49 Stinson Leonard Street, 20, 30 Stoel Rives, 20, 30 Strasburger & Price, 22, 33 Stroock & Stroock & Lavan, 10, 27 Sullivan & Cromwell, 4, 24, 36, 48, 51, 52 Sullivan & Worcester, 16, 30 Sutherland Asbill & Brennan, 12, 29, 50, 51

T Taylor Wessing, 44 Thompson & Knight, 14, 28 Thompson Coburn, 20, 29 Thompson Hine, 20, 31 Torys, 53 Troutman Sanders, 16, 29, 44

V Vedder Price, 14, 27 Venable, 12, 28, 42, 51 Vinson & Elkins, 6, 25, 38, 49, 50, 51, 52 Vorys, Sater, Seymour and Pease, 22, 33

W Wachtell, Lipton, Rosen & Katz, 4, 24, 36, 48, 50 Watson Farley & Williams, 53 Weil, Gotshal & Manges, 4, 26, 38, 48, 49, 50, 52 White & Case, 6, 28, 38, 48, 51, 52, 53 Wiley Rein, 12, 26 Williams & Connolly, 8, 24 Williams Mullen, 22, 33 Willkie Farr & Gallagher, 4, 24, 36, 48, 49, 51 Wilmer Cutler Pickering Hale and Dorr, 8, 26, 40, 50 Wilson Elser Moskowitz Edelman & Dicker, 18, 33 Wilson Sonsini Goodrich & Rosati, 6, 27, 38, 49, 50 Winstead, 12, 28 Winston & Strawn, 8, 26, 40, 52 Womble Carlyle Sandridge & Rice, 18, 29

58 • ZGuide ZGuide • 59 Notes

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60 • ZGuide ZGuide • 61 ZEUGHAUSER GROUP’S 2015 POCKET GUIDE TO LEADING LAW FIRMS

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