Skadden, Arps, Slate, Meagher & Flom LLP
Founded in 1948, Skadden, Arps, Slate, Meagher & Flom LLP commands attention with its 22 global offices and a team of over 1,600 lawyers. With annual revenues totaling $3.02 billion, this New York-based firm is a trusted advisor to businesses, financial institutions, and government agencies worldwide.
Skadden is renowned for its M&A prowess and regulatory expertise. In 2008, the firm advised Tata Steel Limited in its $12 billion acquisition of Corus Group plc, marking one of the largest cross-border deals in the steel industry.
Area of Specialization:
- Real Estate
Landmark Cases:
Texaco-Pennzoil Dispute (1987): Skadden played a crucial role in a significant corporate legal dispute of the 20th century, known as the Texaco-Pennzoil conflict. In 1984, Pennzoil secured a $10.5 billion judgment against Texaco, accusing them of interfering with Pennzoil’s pursuit of Getty Oil. Skadden represented Texaco throughout the subsequent appeals process and effectively negotiated a resolution in 1987. This resulted in Texaco agreeing to pay Pennzoil $3 billion to settle the dispute. The case established new benchmarks for the largest verdict and settlement in U.S. legal history at that time, highlighting Skadden’s expertise in managing intricate corporate litigation.
Time Warner-AOL Merger (2000): Skadden made a substantial contribution by guiding Time Warner through its landmark merger with AOL in 2000. Valued at $164 billion, this merger stood as one of the most significant in history, signifying a crucial juncture in the integration of traditional media and the internet. Skadden offered legal advice across multiple facets of the deal, encompassing antitrust concerns, regulatory adherence, and negotiation of contracts. Ultimately, the merger redefined the media terrain, leaving a lasting impact on both entertainment and technology sectors.
List of 10 Largest Law Firms in the World
In the ever-evolving global legal landscape, law firms play a pivotal role in shaping jurisprudence, influencing policy, and safeguarding clients’ interests across various sectors. As the demand for legal services continues to soar, the largest law firms wield significant influence, boasting extensive resources, diverse expertise, and a track record of landmark cases. Here, we explore the world’s top 10 largest law firms, highlighting their notable cases, landmark judgments, and contributions to the legal profession.
Table of Content
- Kirkland & Ellis LLP
- Latham & Watkins LLP
- DLA Piper
- Baker McKenzie
- Dentons
- Skadden, Arps, Slate, Meagher & Flom LLP
- Sidley Austin
- White & Case
- Morgan, Lewis & Bockius
- Gibson Dunn