Paul Hastings

Paul Hastings LLP

No. of offices	21
No. of attorneys	~1,000
Major practice areas	Finance, M&A, private equity, litigation, restructurings, white collar and government disputes, energy, infrastructure, intellectual property, employment, real estate
Key people	Frank Lopez, Chair; Sherrese Smith, Managing Partner; Seth Zachary, Chair Emeritus
Revenue	$1.31 billion
Profit per equity partner	$3.9 million
Date founded	November 1, 1951
Founder	Lee Paul, Robert Hastings, Leonard Janofsky
Company type	Limited liability partnership
Website	www.paulhastings.com

Paul Hastings LLP is a global law firm that represents a client base in finance, M&A, private equity, and litigation.

The firm specializes in white collar and government disputes, energy, infrastructure, and intellectual property.^[1] Paul Hastings has been ranked on The American Lawyer’s A-List for eleven consecutive years,^[2] in 2020, was named Transatlantic Firm of the Year at the British Legal Award,^[3] and in 2021, Most Impressive Investigations Practice of the Year at the Global Investigations Review Awards.^[4] Paul Hastings is widely known as one of the foremost anti-union law firms in the United States, regularly representing employers in organized labor-related litigation and combating union organizing campaigns.^[5]

History

Paul Hastings was founded in Los Angeles in 1951 by Lee Paul, Robert Hastings, and Leonard Janofsky. Over the years, Paul Hastings expanded its size and geographic reach to meet client needs. Today the firm’s Wall Street client base has made New York its largest office.^[6]  The firm maintains a strong presence in key financial and business capitals around the globe, including in California and throughout Asia, Europe, Latin America and elsewhere in the United States.^[7]   

As of October 2022, the chairman of the firm is Frank Lopez.^[8]  Over the last two decades,^{[clarification needed]} Paul Hastings has been a market leader in financial growth having more than tripled its profits per partner to become one of the largest and strongest law firms in the world.^[8] Over this period, the firm has had the largest profit per partner growth in the highest-grossing half of the Am Law 100.^[9]

• Firm revenue (2021):  $1.31 billion^[10]
• Profit Per Partner (2021): $3.9 million ^[10]
• Revenue Per Lawyer (2021): $1.3 million ^[10]
• Geographic Scope: 21 Offices ^[7]
• Attorneys: ~1,000 ^[10]

In October 2021, the firm announced that Mr. Zachary will step down as Chair in October 2022. Frank Lopez, co-head of the firm’s securities and capital markets practice and partner in the firm’s leveraged finance practice in New York, was voted chair-elect effective October 2021. Washington, D.C.-based Sherrese Smith, vice chair of the firm’s data privacy and cybersecurity practice and partner in the firm’s media, technology and telecommunications practice, was elected managing partner.^[8]

In November 2023, amid a wave of antisemitic incidents at elite U.S. law schools, Paul Hastings was among a group of major law firms who sent a letter to top law school deans warning them that an escalation in incidents targeting Jewish students would have corporate hiring consequences. The letter said "We look to you to ensure your students who hope to join our firms after graduation are prepared to be an active part of workplace communities that have zero tolerance policies for any form of discrimination or harassment, much less the kind that has been taking place on some law school campuses."^[11]

Rankings

The firm is one of only a handful of law firms ranked across core finance areas: structured credit, leveraged finance, private credit, capital markets and real estate finance.^[12]

Notable current or former attorneys

• Ronald Barak (born 1943), Olympic gymnast.
• Ralph B. Everett, first African-American partner at Paul Hastings and adviser to several U.S. presidential campaigns.^[13]
• Jay C. Gandhi, first South Asian American federal judge in California, was a partner at the firm.
• Robert Luskin, specialist in white-collar crime and federal and state government investigations, and an adjunct professor of law at Georgetown University Law Center, where he teaches a course in global anti-corruption.
• Thomas P. O'Brien, former U.S. Attorney for the Central District of California, joined Paul Hastings in 2009.^[14]
• Robert P. Silvers, U.S. Under Secretary for Strategy, Policy, and Plans.

See also

• List of largest law firms by profits per partner

References

This page was last edited on 9 February 2024, at 16:45