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1875 Pennsylvania Avenue, NW Washington, DC 20006 Phone: +1 202 663 6000 Fax: +1 202 663 6363 www.wilmerhale.com
For WilmerHale, 2005 was a year of evolution. It spent millions altering its accounting systems, computers, and real estate holdings as the D.C. firm once known as Wilmer, Cutler & Pickering struggled to digest its 2004 merger with Boston-based Hale and Dorr. In Washington, the firm’s 426 lawyers were scattered throughout five buildings as the firm awaited the completion of a mammoth new office complex on Pennsylvania Avenue, just blocks from the White House. (The firm is due to move into the three adjoining buildings there this spring.) Though WilmerHale’s Washington partners spent a portion of their potential billable time getting to know new colleagues in Boston and New York, the firm’s D.C.-area revenue rose nearly 5 percent to $360 million. More than a quarter of the firm’s D.C.-area lawyers are in its securities regulation and enforcement group, a top-billing practice area that remains white-hot. “We continue to get five to 10 new matters a week,” says William Perlstein, WilmerHale’s D.C.-based co-managing partner, of the securities group. “You don’t have the blockbuster cases that you had before, but the pace appears to be substantial.” One of the firm’s largest securities and regulatory clients in 2005 was mortgage giant Fannie Mae, which was the subject of accounting probes by the Office of Federal Housing Enterprise Oversight and the Securities and Exchange Commission. Though its Fannie Mae representation netted the firm millions in fees, a portion of its legal work was sharply criticized in an outside report written by Paul, Hastings, Janofsky & Walker’s Warren Rudman. In late 2005, shortly before the release of Rudman’s report, former Latham & Watkins partner Beth Wilkinson became Fannie Mae’s general counsel, and Latham replaced WilmerHale as the company’s primary securities counsel. Among WilmerHale’s major litigation clients last year were insurance giant Hartford Financial Services Group and pharmaceutical behemoth Wyeth Corp., whose vaccine unit has faced a wave of product liability suits. WilmerHale’s telecommunications group saw business drop off in 2005 as a host of telecom mergers led to a drop in demand for regulatory lawyers. Those mergers were good news, however, for the firm’s antitrust lawyers, who represented Verizon Communications Inc. in its acquisition of Ashburn, Va.-based MCI.
• RANKINGS •
D.C. 20 (2006)Rank by D.C. revenue (2005): 2D.C. Revenue (2005): 360,000,000D.C. Revenue (2004): 343,200,000 Revenue per lawyer: 845,000Profits per partner: 915,000Average Compensation All Partners: 915,000Lawyers/Equity: 426/127Firmwide Revenue (2005): 815,000,000 D.C. 20 (2005) [Wilmer Cutler Pickering Hale and Dorr]D.C. Revenue 2004: 343,200,000D.C. Revenue 2003: 238,400,000Revenue per lawyer: 780,000Profits per partner: 890,000Average Compensation all partners: 890,000Lawyers/equity partners: 440/141Firmwide Revenue 2004: 750,400,000

LT150 (2006)Rank by size of office (2005): 1Lawyers in Office (2006): 496Partners in Office (2006): 127Lawyers in Office (2005): 476Partners in Office (2005): 133Percent Change in Number of Lawyers: 4.2Associate Hires Expected 2006: 70 LT150 (2005)Rank: 1Lawyers 2005: 484Partners 2005: 128Lawyers 2004: 440Partners 2004: 121Percent Change: 10.00Associate Hires: 70

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