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2018 Year In Review

Political, regulatory and economic change posed significant challenges to our clients and their businesses in 2018.

Henry Nassau Dechert CEO

We’ve had the honor of representing new and long-standing clients in matters that have engaged the full scope of our talents as a firm – our knowledge, our experience, and the collaborative spirit we draw on when coming together as a global team to find answers to the most demanding questions.

As we’ve helped our clients achieve success, our firm has grown in many ways, including the number of professionals, the depth of our talent and the scope and complexity of the work we do.

In some matters, we saw years of litigation come to an end with definitive wins for our clients. In many, we broke new ground and achieved results that will have far-reaching impact on the industries in which we work. We’ve also made a difference through our enduring commitment to pro bono. Dechert lawyers completed more than 85,000 hours of pro bono in 2018, serving local communities and providing vital assistance to those most in need.

Dechert entered 2019 with an international team of 1,000 lawyers, the result of a strategic effort to develop our core practices and expand our global community.

Dechert’s achievements in 2018 would not have been possible without the continued support and trust we receive from our clients, colleagues and alumni. We look forward to finding new opportunities with you in the year ahead.

Andrew J. Levander
Chair, Dechert

Henry N. Nassau
Chief Executive Officer, Dechert

Our Most Significant Matters of 2018
  • Astorg, on its acquisition of a stake in Echosens SA, a provider of non-invasive diagnostic products and services for physicians to assess and manage patients with chronic liver diseases
  • Bolivia, in an arbitration begun in 2013 by South American Silver (SAS), with the final result representing a 95-percent reduction in our client’s financial obligation
  • Boiron Inc., a leading homeopathic drug manufacturer, in an appeal of a bet-the-company false advertising and consumer fraud class action
  • Coveris Holdings S.A., a premier global packaging manufacturer and portfolio company of Sun Capital Partners, in connection with the sale of its Global Rigid Business to Lindsay Goldberg LLC for a total consideration of €700 million
  • Citi, Bank of America and Barclays, in originating nearly US$5.4 billion to support financing of Blackstone’s US$7.6 billion purchase of Gramercy Property Trust, a leading investor in industrial properties
  • Curtis, the largest national distributor of single-copy magazines in the U.S., in antitrust action based on allegations of a group boycott, brought by magazine wholesaler Anderson News
  • CVS Health-Aetna, the largest healthcare services merger in history
  • Egypt’s finance ministry, in the issuance of an aggregate of US$11 billion in bonds, including the country’s largest bond ever and the first triple-tranche bond to emerge from the African continent
  • Former FBI Director James Comey, in relation to a variety of investigations concerning the current U.S. administration, including before the Department of Justice and the U.S. Congress
  • FS Investments, a leading BDC player, in creating the world’s largest BDC platform through the formation of a partnership with KKR
  • International Bondholder Committee, in connection with the US$20 billion restructuring of Oi S.A., Brazil’s leading telecommunications service provider
  • R.W. Sauder, a Pennsylvania family-owned egg producer, in an antitrust lawsuit
  • Singapore’s GIC, in joining a strategic partnership between Thomson Reuters and a Blackstone-led consortium that also included the Canada Pension Plan Investment Board and Blackstone-managed private equity funds
  • SK hynix, in the US$18 billion acquisition of Toshiba’s chip unit, one of the most closely inspected deals since the 2008 financial crisis
  • Soloda Investment Advisors, on the establishment of a Cayman Islands domiciled macro fund managed by Hashim Dhoda, spinning out from Moore Capital
  • State Farm, in a significant victory in the Second Circuit in a case where plaintiffs alleged that their home was built with defective concrete
Rankings and Recognition
  • Dechert was named an international winner at the Corporate Art Awards 2018 in recognition of our 765-piece art collection, displayed in our offices around the world.
  • CVS Health’s acquisition of Aetna was the overall winner in The American Lawyer’s “Global M&A Deal of the Year” category at the 2018 Global Legal Awards.
  • Mike Cowie was named to the National Law Journal’s list of Regulatory & Compliance Trailblazers in 2018.
  • Dechert’s Product Liability and Mass Torts practice group was named a winner in Law360’s Practice Groups of the Year series, which honored the law firms behind the biggest deals and litigation wins of 2018.
  • The Financial Times ranked Dechert among the ten most innovative firms for legal expertise in North America in its 2018 North American Innovative Lawyers Awards. The FS/KKR transaction was recognized in the “Managing Complexity and Scale” category.
  • Dechert’s asset management practice group was selected by Law360 in its Practice Groups of the Year series, which honored the law firms behind the biggest deals and litigation wins of 2018.
  • Steven Bizar and Christine Levin were named Winning Litigators in the National Law Journal’s prestigious annual contest in 2018.
  • The restructuring of Brazilian telecoms provider Oi, S.A., was named Global Finance Deal of the Year by The American Lawyer’s 2018 Global Legal Awards. It was also named Restructuring of the Year by Latin Finance in its Deals of the Year Awards for 2018. The transaction was also selected as Cross-Border Restructuring Deal of the Year for large deals by M&A Advisor at its Turnaround Awards 2018.
  • Dechert was named to the Global Restructuring Review “GRR 30,” placing it among the global elite of law firms with leading restructuring and insolvency practices.
  • Camille Abousleiman was named as one of The American Lawyer’s Dealmakers of the Year 2018.
  • Dechert was ranked by Cbonds among the top law firms globally to have acted as legal advisor for issuers and arrangers for emerging market international bonds, in a league table covering deals from the first half of 2018.
  • SK hynix's US$18 billion acquisition of Toshiba’s chip unit was named M&A Deal of the Year for North Asia at The Asian Lawyer's Asia Legal Awards 2018. It was also named Japan Deal of the Year, M&A Deal of the Year (Premium), and Technology, Media and Telecommunications Deal of the Year at the Asian Legal Business's ALB Japan Law Awards 2018. 
  • Dechert was certified as a great workplace in the United States by independent analysts Great Place to Work®, based on ratings provided by Dechert employees in anonymous surveys.
  • Working Mother named Dechert one of the 2018 Best Law Firms for Women and Top 100 Companies for Women.
  • Dechert was named one of the Best Places to Work for LGBT Equality, achieving a perfect score for the sixth year in a row on the Corporate Equality Index by the Human Rights Campaign.
  • Dechert earned a spot on the 2018 Diversity Best Practices Inclusion Index in recognition of our efforts and commitment to recruitment, retention and advancement, company culture and transparency.
  • For the fourth consecutive year, Dechert was named to Law360’s “Global 20” list of law firms with the greatest global reach and expertise.
  • Dechert was ranked among the top law firms for private equity deals around the world in the Pitchbook 2Q (1H) 2018 Global League Tables. 
  • Dechert’s private equity practice was selected by Law360 in its Practice Groups of the Year series, which honored the law firms behind the biggest deals and litigation wins of 2018.
  • Dechert was named European M&A Law Firm of the Year at The Deal’s inaugural awards in Europe.
  • Our international arbitration practice was honored at Global Arbitration Review’s GAR Awards 2018 as “the practice that impressed the most in 2017.”
  • Christina Sarchio was named as one of Profiles in Diversity Journal’s “Women Worth Watching” in 2018.
  • Dechert was recognized in The Lawyer’s "Global Litigation Top 50” in 2018.
  • Dechert was awarded Best Law Firm at the Alt Credit European Services Awards 2018, in recognition of providing excellent customer service, technological innovation and overall service to alternative credit fund managers.
  • Dechert’s white collar crime practice is ranked in Band 1 of the Legal 500 UK 2018, which also recognizes 56 Dechert lawyers and 32 practices.
  • 2018 saw Dechert achieve its highest-ever ranking in the 2018 edition of Global Investigations Review’s “GIR 30”, with GIR noting “Dechert’s impressive investigations practice” and “strong investigations teams on both sides of the Atlantic.”
  • Dechert is ranked Band 1 in Chambers UK 2019 for Financial Crime: Corporates.
Innovation at Dechert

As emerging technologies disrupt the legal marketplace and the way we work, law firms need to not only adapt – but to take the lead. Driving innovation at Dechert is the Innovation Task Force, a cross-practice collective of lawyers and technology specialists whose mission is to foster fresh thinking within the firm.

In just over a year, the Innovation Task Force’s initiatives are already beginning to transform aspects of Dechert’s work methods.

Working with artificial intelligence

In keeping with one of the biggest recent developments in legal technology, Dechert is adopting AI to be more dynamic in the delivery of our legal services and save project teams considerable time and effort. The Innovation Task Force has worked with Dechert lawyers to identify key areas where machine learning can be incorporated into our work processes.

Road-testing tools with key practice groups

Working with large practice groups, like Dechert’s corporate and securities team and finance and real estate practice, our innovation leads are evaluating workflows and discovering where new tools and systems can be put to use for better accuracy and efficiency.

Having always been innovative with our legal advice and solutions at Dechert, we are now also channelling our innovative efforts into how we deliver those solutions – for the benefit of both our lawyers and our clients.

Our People

Dechert began 2019 with a headcount of more than 1,000 lawyers across the firm’s global offices. Among our new arrivals, we welcomed lateral partners who brought further strength and experience to key practice areas – dispute resolution, corporate, finance and regulatory. In one of the firm’s largest rounds of promotions, Dechert also elected 16 new partners across nine offices worldwide.

As we grow our global team, we grow our global community. At Dechert, we believe that building community within the workplace and with our clients is the key to our success.

2017 Year in Review