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Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates

From lawbrain.com

Founded in 1948, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates is a prominent, worldwide law firm, consistently ranked as not only one of the best law firms in the country, but also one of the most profitable law firms in the world.[1]

Contents

Introduction

Known for being larger than life, Skadden Arps has the numbers to back it up. Its number of employees, its number of practice areas, its number of locations, its salaries, its profits, and even its alumni (some of whom include former New York Governor Eliot Spitzer[2] and Comedian Greg Giraldo[3]) back up that claim. Despite its “largeness,” Skadden is notable for its insistence on expanding on its own, not through the acquisition of or merger with other law firms.

Skadden Arps is dedicated not only to billing hours, but also to its contributions to public service through its pro bono work contributions by its associates.[4] Skadden even offers a Fellowship Foundation often described as “a legal Peace Corps” created to help fund law students who decided to pursue careers dedicated to public service, particularly to help groups such as the poor, elderly, homeless, and those deprived of their civil rights.[5]

Skadden Arps is also committed to extending diversity initiatives through its hiring, recruiting, and promotion policies. Skadden Arps has created a multi-regional diversity committee charged with the implementation of proactive policies designed to further its own diversity goals.[6]

Skadden Arps Practice Areas

Skadden Arps is an all-purpose law firm, catering to over 80 different, specific areas of practice within the law. Skadden Arps general practice groups are as follows:[7]

  • Corporate Law
  • Litigation
  • Finance
  • International Law
  • Regulatory/Legislative
  • Industry-Related Practices

Skadden Arps Offices

Skadden Arps is truly a global law firm seeking to meet the needs of its clients worldwide with offices both in the United States and abroad.[8]

  • Beijing
  • Boston
  • Brussels
  • Chicago
  • Frankfurt
  • Hong Kong
  • Houston
  • London
  • Los Angeles
  • Moscow
  • Munich
  • New York
  • Palo Alto
  • Paris
  • San Francisco
  • Sao Paulo
  • Shanghai
  • Singapore
  • Sydney
  • Tokyo
  • Toronto
  • Vienna
  • Washington, D.C.
  • Wilmington

Skadden Arps’s headquarters can be found in New York City.

Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
Four Times Square
New York, New York, 10036

Phone: 212-735-3000
Fax: 212-735-2000/1
Web: www.skadden.com

Skadden Arps Size

Having many offices worldwide, it should come as no surprise that Skadden Arps is quite a large firm. Across all its offices, Skadden Arps employs 1207 attorneys and has 487 partners.[9]

Skadden Arps Recruiting

Associates at Skadden Arps praise the prestige of the firm and the learning opportunities such a place affords. Associates also found variety in the work they performed, rather than the same thing over and again. Compensation structures also tended to be an associate favorite. Complaints cited unrealistic deadlines for work completion, long hours, and a rather dim prospect of career advancement within the firm.[10]

Skadden Arps typically hires from its summer associates pool, but is also known to hire experienced attorneys and judicial clerks. Skadden Arps is committed to various diversity initiatives and is also dedicated to providing significant attention to pro bono matters.[11]

As part of the benefits package, Skadden Arps covers malpractice insurance, bar dues, and licensing fees for its associates. In addition, Skadden Arps also offers complete or partial coverage for medical insurance, dental insurance, disability insurance, and life insurance, as well as some dependent benefits. Skadden Arps also provides domestic partner benefits. Other perks include emergency childcare, a technology allowance, and relocation expenses.[12]

Skadden Arps Salary and Bonuses

Associate Base Salary Bonus Range Bonus Comments
Year
Low High Discretionary

1st Year
$160,000

No
2nd Year
$170,000

No
3rd Year
$185,000

No
4th Year
$210,000

No
5th Year $230,000 No
6th Year $250,000 No
7th Year $265,000 No
8th Year $280,000 No

Based on 2008 Numbers.[13]

References

  1. http://www.vault.com/wps/portal/usa/companies/company-profile/Skadden,--Arps,-Slate,-Meagher-&-Flom-LLP-and-Affiliates?companyId=418
  2. http://blogs.wsj.com/law/2006/10/12/spitzer-the-early-years/
  3. http://abovethelaw.com/2010/09/greg-giraldo-comedian-former-lawyer-dead-at-44/
  4. http://www.nalpdirectory.com/dledir_search_results.asp?fscid=F523301&orgtypeid=F
  5. http://www.skaddenfellowships.org/sitecontent.cfm?page=about
  6. http://skadden.com/Index.cfm?contentID=178
  7. http://www.skadden.com/index.cfm?contentID=4&viewType=1
  8. http://www.skadden.com/Index.cfm?contentID=5
  9. http://www.nalpdirectory.com/dledir_search_results.asp?fscid=F523301&orgtypeid=F
  10. http://www.vault.com/wps/portal/usa/companies/company-profile/Skadden,--Arps,-Slate,-Meagher-&-Flom-LLP-and-Affiliates?companyId=418
  11. http://www.skadden.com/recruiting/
  12. http://www.skadden.com/recruiting/recruitingContent.cfm?p=34&c=58
  13. http://www.infirmation.com/shared/lss/one-payscale.tcl?employer_id=DC2620

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