Hughes Hubbard & Reed

Hughes Hubbard & Reed LLP

Headquarters	New York, N.Y.
No. of offices	7 (2 international)[1]
No. of attorneys	209 (2022)[1]
Major practice areas	General practice
Key people	Theodore V.H. Mayer, Chair [2]
Revenue	gross revenue $301 million USD (2022)[1]
Date founded	1888
Founder	Charles Evans Hughes[3]
Company type	Limited liability partnership
Website	www.hugheshubbard.com

Hughes Hubbard & Reed LLP (a.k.a. "Hughes Hubbard" or "HHR") is a multinational law firm headquartered in New York City with offices in the United States, France, and Japan.

The firm's history dates back to the late 19th century, when it counted among its partners former U.S. Supreme Court Chief Justice Charles Evans Hughes. Hughes Hubbard has practice areas in both the litigation and corporate fields.

According to a 2020 Law.com report, Hughes Hubbard had been on a “downward trajectory” over the prior five years.^[4] Over that time period, gross revenue was down 27%, attorney head count was down by over 80 lawyers, profits-per-equity partner was down to $1.41 million in 2019 (from $2.14 million in 2014), and the firm’s profit margin was 18% (down from 42%).^[4]

History

1871–1899

• 1871 - In the wake of the Great Chicago Fire, Chicago-based lawyer Walter S. Carter had so many claims to prosecute involving insurers bankrupted by the fire that he moved his office to New York City. Faced with more business than he could personally handle, Carter tried hiring the most promising law students to help him and, in a departure from standard practice, paid these "associates" a salary. One of them was then-future Chief Justice of the Supreme Court Charles Evans Hughes.^{[citation needed]}
• 1888 - Four years after joining the firm, then known as Chamberlain, Carter & Hornblower, Hughes was made partner, and the firm's name was changed to Carter, Hughes & Cravath.^{[citation needed]}

1900–1999

• 1910 - After four years as governor of New York, Hughes was appointed to the Supreme Court by President William Howard Taft.^[5]
• 1916 - Hughes resigned from the Court to run for president against Woodrow Wilson. After he was defeated, Hughes rejoined his old partners and, with the exception of four years he served as Secretary of State under President Harding, he remained a partner in the firm until 1930.^[6][7]
• 1929 - Charles Evans Hughes, Jr. (1862–1948), also a partner in the firm, resigned to become US Solicitor General.^{[citation needed]}
• 1930 - Hughes was appointed Chief Justice of the US Supreme Court.^[8] Upon his father's appointment, Charles Evans Hughes, Jr. resigned from his position as Solicitor General and rejoined the firm as a partner.^[9]
• 1937 - In June, the firm suddenly dissolved, due to what the media at the time reported was Charles Evans Hughes, Jr.'s desire to insulate his father from a political attack directed at one of Hughes, Jr.'s partners at the firm by Roosevelt's Secretary of the Treasury. On June 10 of that year, Hughes, Richards, Hubbard & Ewing opened its offices at One Wall Street, where it would remain for over 50 years.^{[citation needed]}
• In the 1960s, Hughes Hubbard started representing Coopers & Lybrand, culminating in its multibillion-dollar merger with Price Waterhouse. Other clients who remained with the firm over multiple decades include Merck, BMI, Continental Airlines (now United), and Viacom.^{[citation needed]}
• 1968 - The firm became Hughes Hubbard & Reed.^[10]
• In the 1970s, Hughes Hubbard defended Bristol Myers in an antitrust case and Ford Motor Company in Pinto fuel tank cases, which was the start of the firm's product liability practice.^[11]
• In the 1990s, Hughes Hubbard represented musician Bob Marley's widow against 11 people who alleged they were Marley's children and sought recovery from his estate.^[12]
• 1999 - The firm elected Candace Beinecke as Chair of the firm, making her the first woman to lead a major New York City law firm.^[13]

Since 2000

• 2007 - Hughes Hubbard led the drafting of a $4.8 billion global settlement program to resolve over 99.9% of eligible Vioxx claims against its client Merck alleging heart attacks, ischemic strokes, and sudden cardiac death.^[14]
• 2008 - Hughes Hubbard partner James Giddens was appointed trustee for the $123 billion liquidation of Lehman Brothers, the largest bankruptcy in US history, and Hughes Hubbard was selected as his counsel. In the following years, Hughes Hubbard returned $110 billion to customers and general creditors.^[15]
• 2011 - Hughes Hubbard partner James Giddens was appointed trustee for the liquidation of MF Global, the eighth-largest bankruptcy in US history, and Hughes Hubbard was selected as his counsel. In the following years, Hughes Hubbard distributed $8.1 billion and achieved a full recovery for former customers and secured creditors and a 95% recovery for unsecured creditors.^[16]
• 2014 - Hughes Hubbard served as lead counsel to Merck in its acquisition of antibiotics maker Cubist Pharmaceuticals for $9.5 billion.^[17] That year Hughes Hubbard tobacco-related products liability work declined after former client Lorillard was acquired by Reynolds American, which moved much of the Lorillard litigation work to another firm.^[4]
• 2015 - Hughes Hubbard represented Merck in a $3.8 billion deal to buy Idenix Pharmaceuticals, a biotechnology company.^[18]
• 2018 - Hughes Hubbard Hughes International Trade chair F. Amanda DeBusk left the firm for Dechert.^[19]
• 2020 - Hughes Hubbard former heads of International Trade (Joanne Osendarp) and Defense Industry (Eric Parnes) left the firm as part of a team of seven lawyers for McDermott Will & Emery.^[20][21] After taking out an $8.7 million dollar forgivable Paycheck Protection Program (PPP) loan from the United States Small Business Administration, Hughes Hubbard laid off over 30 people.^{[22][23][24][25]}
• 2021 - Hughes Hubbard Mergers & Acquisitions global chair Avner Bengara left the firm for Baker & Botts.^[26]
• 2022 - Hughes Hubbard MediaTech global chair Matthew Syrkin left the firm for O'Melveny & Myers.^[27][28][29]
• 2023 - Hughes Hubbard International Arbitration Group co-chair Hagit Elul left the firm for Orrick, Herrington & Sutcliffe.^[30][31]

Notable people

• George Davidson (born 1942), former President of the Legal Aid Society
• Oscar R. Ewing (1889–1980), vice chairman of the Democratic National Committee (1942–1947), administrator of the Federal Security Agency (1947–1953), and adviser to President Harry S Truman
• Charles Evans Hughes (1862–1948), Governor of New York (1907–10), Associate Justice of the Supreme Court of the United States (1910–1916), US Secretary of State (1921–1925) and Chief Justice of the United States (1930–1941)
• Charles Evans Hughes, Jr. (1889–1950), US Solicitor General (1929–1930)
• Amalya Lyle Kearse (born 1937), Judge on the US Court of Appeals for the Second Circuit (1979–present)
• Howard Matz (born 1943), former judge on the US District Court for the Central District of California (1998–2011)
• Powell Pierpoint (1922–1998), General Counsel of the Army (1961–1963)
• Abraham David Sofaer (born 1938), former judge on the US District Court for the Southern District of New York (1979–1985), then a legal adviser to the US State Department, before joining firm 1990–1999, and then a senior fellow at the Hoover Institution at Stanford University
• Mitchell Silk, former Assistant Secretary of the Treasury during the Trump administration.
• James W. Treffinger, former County Executive of Essex County, New Jersey (1995–2003)
• Tim Zagat (born 1940), restaurant critic
• Keisha A. McGuire (born 1982), Grenadian Permanent Representative to the United Nations

References

This page was last edited on 5 August 2023, at 17:43