April 28 (Bloomberg) -- DLA Piper LLP topped the American Lawyer’s ranking of 100 wealthiest law firms with $2.5 billion in gross revenue last year.
Baker & McKenzie was in second place, followed by Latham & Watkins LLP, Skadden Arps Slate Meagher & Flom LLP and Kirkland & Ellis LLP. The list included 23 firms with gross revenues of more than $1 billion.
Twenty “super rich” firms had profits per partner of more than $2 million, according to the magazine. Wachtell Lipton, Rosen & Katz led with $4.8 million on average, ahead of Quinn Emanuel Urquhart & Sullivan LLP with $4.5 million and Cahill Gordon & Reindel LLP at $3.8 million.
DLA Piper and Baker & McKenzie are among six global firms organized as Swiss vereins, which have separate finances for different offices but integrate operations under a common name.
The 74 other firms on the list had average gross revenue of $631.3 million, according to the magazine, though those numbers varied widely.
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Weil Gotshal Adds FTC Competition Bureau Lawyer in Washington
Jeffrey H. Perry, assistant director of the Federal Trade Commission’s Bureau of Competition, will join Weil, Gotshal & Manges LLP as a partner in its global antitrust/competition practice in Washington.
“Jeff is one of the most well-respected antitrust officials in the government,” executive partner Barry M. Wolf said in a statement. “Jeff has worked with and across the table from most of the members of our antitrust group on numerous merger reviews, and we know he will be a great fit.”
Perry spent 13 years at the FTC, where he investigated and litigated cases in many industries. As assistant director of the Bureau of Competition, he managed a division of more than 30 attorneys.
Morgan Lewis’s Kirsten Milton Joins Jackson Lewis in Chicago
Jackson Lewis PC said Kirsten A. Milton joined the firm’s Chicago office as shareholder from Morgan Lewis & Bockius LLP.
She has experience representing and counseling management on labor and employment issues, with an emphasis on litigation, including class actions, the firm said in a statement.
Bircham Dyson Bell Adds Private-Wealth Team Partner Harry Morgan
U.K. law firm Bircham Dyson Bell appointed Harriet Morgan as a partner on the private wealth team in London. She joins from Reed Smith LLP, where she was a tax partner.
Her experience includes banking and asset finance, private equity and real estate, as well as personal tax issues for high net-worth individuals, the firm said.
Ogletree Deakins Adds London Shareholder Simon McMenemy
Ogletree, Deakins, Nash, Smoak & Stewart PC added Simon McMenemy to the firm’s London office as a shareholder. He was previously at Signet Partners LLP, where he was a founding partner, the firm said.
Pachulski Stang Adds Three Stutman Treister Lawyers in L.A.
Three bankruptcy and restructuring attorneys are joining Pachulski Stang Ziehl & Jones LLP as partners in Los Angeles. Isaac Pachulski, Jeffrey Davidson and Gabriel Glazer will join the firm May 1. All three were previously at Stutman Treister & Glatt.
Christie Panel Gets U.S. Subpoena for Bridge Probe Records
Federal prosecutors in New Jersey requested all records from a state legislative committee probing politically motivated lane closings at the George Washington Bridge that tied up traffic for days.
The legislative panel is probing why allies of Republican Governor Chris Christie closed access lanes in Fort Lee, New Jersey, from Sept. 9 to Sept. 12.
Lawyers in the office of U.S. Attorney Paul Fishman, who is investigating whether crimes took place, sought “any and all records (in whatever form)” obtained by the 12-member committee. The April 17 subpoena directs the panel to meet the request by May 2.
“We are complying,” said state Senator Loretta Weinberg, one of the panel’s two Democratic co-chairmen. “It’s a sign of cooperation, and I think it was not unexpected.”
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NCAA Is ‘Cartel’ Run by Smaller Schools, Jeff Kessler Says
Attorney Jeff Kessler, a partner at Winston & Strawn LLP, who helped bring free agency to the National Football League, talks about the National Collegiate Athletic Association’s approval of a governance change that would allow athletes a greater voice in decision making and give more autonomy to its five biggest leagues.
Kessler, speaking with Adam Johnson, Tom Keene and Scarlet Fu on Bloomberg Television’s “Surveillance,” also discusses efforts by Northwestern University football players to form a union.
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Bloomberg Law: Moller Talks About Malaysia Flight 370 Lawsuits
Marc Moller, partner at Kreindler & Kreindler, discusses problems involved in suing over the disappearance of Malaysia Airlines Flight 370. He speaks with hosts June Grasso and Mark Mills on Bloomberg Radio’s “Morning Bloomberg Law Brief.”
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