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1440 New York Avenue, N.W. Washington, D.C. 20005 T 202.371.7000 F 202.393.5760 www.skadden.com [email protected]
The electronic revolution was supposed to cut down on labor and speed up work. At Skadden, the effect has been the opposite. “It sort of never ceases to amaze me how much electronic discovery has required additional manpower,” says Michael Rogan, managing partner of the firm’s Washington office. Indeed, the rising workload for electronic discovery in the firm’s litigation matters sparked the biggest change in New York-based Skadden’s D.C. office: an associate hiring spree that raised the office head count 16 percent. Now 270 lawyers strong in Washington, Skadden defended a number of corporate clients under investigation, most of which were a continuation from previous years. Among the top clients: KPMG, as part of the U.S. attorney for the Southern District of New York’s tax shelter investigation; Fannie Mae, in connection with the Department of Justice’s inquiry into the mortgage lender’s accounting practices; and HealthSouth Corp., after a Securities and Exchange Commission probe into a $2.5 billion accounting misstatement. Though litigation work was up, the office’s revenue growth hasn’t quite kept pace. Covington & Burling inched Skadden out of fourth place. Skadden’s revenues increased 8 percent to $243 million, a slightly smaller increase than in 2004. Productivity also took a plunge. The new attorneys pushed the office’s revenue per lawyer down 7 percent to $900,000. And communications, environmental, and bank regulatory work were slow. Still, the firm managed to keep its slot as the highest-grossing out-of-town office in Washington. Partners, for their part, made out the best in Washington, with $1.9 million in profits per partner. Other practice groups brought in high-profile matters, such as Robert Bennett’s representation of New York Times reporter Judith Miller, who was subpoenaed to testify before a grand jury investigating the alleged leak of CIA officer Valerie Plame’s identity. Energy work also drew new business. Skadden attorneys helped secure financing for a $650 million undersea transmission cable between New Jersey and Long Island. Antitrust remained robust, as well. The firm was regulatory counsel to Exelon Corp. in its merger with Public Service Enterprise Group Inc. And it represented Duke Energy Corp. in its approximately $9.1 billion acquisition of Cinergy Corp. And the rise in corporate transactions fed Skadden’s tax practice, whose work included Yahoo! Inc.’s investment in Alibaba.com, China’s largest e-commerce company, and Quicksilver Inc.’s acquisition of Skis Rossignol, a French ski-equipment maker.
• RANKINGS •
D.C. 20 (2006)Rank by D.C. revenue (2006): 5D.C. Revenue (2005): 243,000,000D.C. Revenue (2004): 224,400,000Revenue per lawyer: 900,000Profits per partner: 1,900,000Average Compensation All Partners: 1,900,000Lawyers/Equity: 270/58Firmwide Revenue (2005): 1,600,000,000 D.C. 20 (2005)D.C. Revenue 2004: 224,400,000D.C. Revenue 2003: 204,000,000Revenue Per Lawyer: 970,000Profits Per Partner: 1,760,000Average Compensation All Partners: 1,790,000Lawyers/Equity Partners: 231/58Firmwide Revenue 2004: 1,440,000,000

LT150 (2006)Rank by size of D.C. office (2005): 4Lawers in Office (2006): 275Partners in Office (2006): 57Lawyers in office (2005): 263Partners in office: (2005): 59Percent Change in Number of Lawyers: 4.6Associate Hires Expected 2006: 28 LT150 (2005)Rank: 8Lawyers 2005: 263Partners 2005: 59Lawyers 2004: 231Partners 2004: 58Percent Change: 13.90Associate Hires: 24

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