Law firm Brochure

Morgan Lewis & Paul Hastings

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Two things awe starry sky abo moral law

e me most, the ove me and the within me.

IMMANUEL KANT

Law firm Brochure

Numbers 250+

99%

Arbitration

Cases Won

$140K

45

Annually Salary

Amicus Curiae Briefs

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Morgan Lewis & Paul Hastings

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ABOUT International style the first examples of which are generally cited as being from the 1950s

OVERVIEW There are many variations of passages

SERVICES By injected humour, or randomised words which don’t look

OUR TEAM Even slightly believable

AWARDED PROJECTS If you are going to use a passage

TAX AND ADVISORY Wherein Quality is taken on-board, professionalism and endurance

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Law firm Brochure

About Morgan Lewis & Paul Hastings Law Firm

RESTRICTIONS ON OWNERSHIP INTERESTS

MULTINATIONAL LAW FIRM 6

Morgan Lewis & Paul Hastings

FINANCIAL INDICATORS

In many countries, including the United

lawyers in providing legal services, and does

States, there is a rule that only lawyers may

not allow for the sale of ownership shares to

have an ownership interest in, or be man-

mere passive nonlawyer investors. The U.K.

agers of, a law firm. Thus, law firms cannot

had a similar rule barring nonlawyer own-

quickly raise capital through initial public

ership, but under reforms implemented

offerings on the stock market, like most

by the Legal Services Act of 2007 law firms

corporations. They must either raise capital

have been able to take on a limited num-

through additional capital contributions

ber of non-lawyer partners and lawyers have

from existing or equity partners, or must

been allowed to enter into a wide variety

take on debt, usually in the form of a line of

of business relationships with non-lawyers

credit secured by their accounts receivable.

and non-lawyer owned businesses. This has

THREE FINANCIAL STATISTICS ARE TYPICALLY USED TO MEASURE AND RANK LAW FIRMS’ PERFORMANCE

allowed, for example, grocery stores, banks

At major United States law firms, the “compensation spread” (ratio between the highest partner salary and lowest partner salary) among firms disclosing information ranges from 3:1 to 24:1.

Higher spreads are intended to promote individual performance.

and community organizations to hire lawyers to provide in-store and online basic legal services to customers.

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Profits per partner (PPP): Net operating income divided by number of equity partners. High PPP is often correlated with prestige of a firm and its attractiveness to potential equity partners. However, the indicator is prone to manipulation by reclassifying less profitable partners as non-equity partners.

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Revenue per lawyer (RPL): Gross revenue divided by number of lawyers.

This statistic shows the revenuegenerating ability of the firm’s lawyers in general, but does not factor in the firm’s expenses such as associate compensation and office overhead.

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Average compensation of partners (ACP): Total amount paid to equity and nonequity partners (i.e., net operating income plus nonequity partner compensation) divided by the total number of equity

The rule is controversial. It is justified by many in the legal profession, notably the American Bar Association which rejected a proposal to change the rule in its Ethics 20/20 reforms, as necessary to prevent conflicts of interest. In the adversarial system of justice, a lawyer has a duty to be a zealous

In the United States this complete bar to

and loyal advocate on behalf of the client,

nonlawyer ownership has been codified by

and also has a duty to not bill the client ex-

the American Bar Association as paragraph

cessively. Also, as an officer of the court, a

(d) of Rule 5.4 of the Model Rules of Pro-

lawyer has a duty to be honest and to not

fessional Conduct and has been adopted

file frivolous cases or raise frivolous defens-

in one form or another in all U.S. jurisdic-

es. Many in the legal profession believe that

tions,[1][2] except the District of Columbia.

a lawyer working as a shareholder-employ-

[3] However, D.C.’s rule is narrowly tailored to

ee of a publicly traded law firm might be

allow equity ownership only by those non-

tempted to evaluate decisions in terms of

lawyer partners who actively assist the firm’s

their effect on the stock price

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Services For more than 50 years, we’ve helped our clients solve their most complex tax, audit and other business issues.

Our skilled professionals advise approximately 45% of the Am Law 100 firms as well as several Am Law 200 firms.

Arbitration

Banking Law

Mr. Elhais has gained an extensive amount of experience advising clients in arbitration matters such as real estate, contract

Mr. Elhais has advised large international banks including

disputes, commercial disputes and construction matters. He

Emirates NBD and Dubai Islamic Bank on commercial matters

has advised clients through the Dubai International Arbitra-

within the UAE. Mr Elhais’s expertise includes reviewing and

tion Centre countless times. He is also familiar with the rules of

drafting loan agreements, guarantee agreements and advising

other arbitration bodies such as the International Chamber of

on commercial disputes and bank litigation.

Commerce (ICC),

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Morgan Lewis & Paul Hastings

Construction Law

Family Law

Mr. Elhais has gained a considerable amount of experience in

Legal proceeding does not guarantee success and has you

construction law. He has the ability to identify material is-

simply waiting for the inevitable. If you want to be ahead then

sues relevant to a dispute to build a client-focused strategy to

you should take control of the divorce matters, including the

achieve positive results. Drafting complex agreements, memo-

separation, financial settlements and children issues, it is so

randums of understanding and subcontracting agreements are

important to remain focused, in control and in possession of a

just some of his skills in this field.

clear strategy.

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Law firm Brochure

Our Team Founded in 2020, committed to supporting the legal profession with practical resources for legal professionals while improving the administration of justice

THE OVERALL PERCENTAGE OR PROPORTION OF GROSS FEES A FIRM EXPENDS ON ALL COST ITEMS IS NOT IMPORTANT. FOR THE FIRM WITH AN ENTERTAINMENT CLIENTELE WHICH NEEDS POSH OFFICES, IT HELPS LITTLE TO KNOW THAT THE AVERAGE LAW OFFICE EXPENDS ABOUT EIGHT PERCENT OF ITS GROSS ON OCCUPANCY. A FIRM WHICH HAS DEVELOPED THE PARALEGAL CONCEPT TO THE POINT WHERE IT EMPLOYS AN AVERAGE OF FOUR

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Morgan Lewis & Paul Hastings

Senior Managing Director in the Tactical Opportunities Group.

Before joining Blackstone in 2013, Mr. Hirsch was a Managing Director and Head of Credit Structuring at Deutsche Bank where he sourced and structured transactions for a wide range of corporate and institutional clients across multiple.

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Jake Davidson Advocate

Prior to joining Blackstone Mr. James was Chairman of Global Investment Banking and Private Equity at Credit Suisse First Boston and a member of the Executive Board. Prior to the acquisition of Donaldson, Lufkin & Jenrette by Credit Suisse First Boston in 2000, Mr. James was the Chairman.

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Sergey Borisov Lawspeaker

Chairman, CEO and Co-Founder of Blackstone. Mr. Schwarzman has been involved in all phases of the firm’s development since its founding in 1985. The firm is a leading global asset manager with $356 billion Assets Under Management (as of June 30, 2016). Mr. Schwarzman is an active philanthropist.

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Gordon Blake Jurist

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Support lawyer The professional support lawyer (PSL) position has its origins in the United Kingdom and is essentially a central resource for research within a given practice area.

01.

02.

Know-how

Research

Precedents and standard forms: drafting, updating, managing

Analysing new law and practice, researching points of law or

and disseminating documents, setting up or dealing with on-

directing fee earners to appropriate sources.

line document systems.

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Morgan Lewis & Paul Hastings

OVERHEAD RATIOS

86%

72%

24%

GROSS RECEIPTS

EXPENSES (EXCEPT ASSOCIATE)

ASSOCIATE’S COST

03.

04.

Training

Marketing

Organising internal lectures or seminars for trainees, solicitors

Producing newsletters for clients, arranging or assisting in mar-

groups or firm-wide. Dealing with external training, building up

keting events, arranging client seminars.

relationships with speakers and event-support.

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Firm Values The professional support lawyer (PSL) position has its origins in the United Kingdom and is essentially a central resource for research within a given practice area.

Morgan Lewis & Paul Hastings is founded on a set of values to which we have unwavering commitment:

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We focus our utmost abilities and resources on our

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clients and their interests at all times, combining

working hard and striving to be the best in all that

high standards of professionalism with a keen

we undertake

understanding of their businesses so that we can

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•

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We value energy, as individuals and as a firm, in

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We draw upon the diversity of our attorneys and

help them solve any problems and surmount any

their talents. By collaborating with colleagues,

challenges they may face

we bring together ideas that represent various

We pursue excellence in every aspect of our

experiences, cultures and backgrounds around

professional lives, aiming to deliver quality,

the globe. We bring this collective experience to

innovation and consistency in all aspects of our

bear when addressing the needs of our clients,

service

worldwide.

We hold ourselves to high ethical standards,

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We are convinced that our pursuit of these core

believing in unequivocal integrity

values is fundamental to why our clients have

We emphasize teamwork that couples

come to rely on our services, year after year and

effectiveness with cohesion and collegiality

decade after decade.

throughout the Firm

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Morgan Lewis & Paul Hastings

ABILITIES AND RESOURCES

VALUE ENERGY

The slow economy of the last three years forced law firms into unprecedented personnel cuts that hit support staff as well as associates and eventually even cut into some partnership ranks. For many firms these were agonizingly difficult decisions. Some firms had to come to grips with the fact that they had gotten lax on their recruiting, promotion, and performance standards. Some lawyers weren’t cutting it. Some were producing revenue but causing other problems. Many firms had more lawyers than work.

When someone has to go, who decides? On what basis? Does an underperforming lawyer get a chance to improve? To what level, and over what period of time?

The need to deal fairly with people while also dealing with profitability in a businesslike way has motivated many firms to document a written set of core values or standards that provide clear, firm-wide expectations regarding individual contributions and mutual accountability.

HIGH ETHICAL STANDARDS

DIVERSITY OF OUR ATTORNEYS

Some firms use a well respected partner to facilitate a meeting or retreat to develop core values. Others hire an outside consultant like yours truly to lay the groundwork, generate discussion, coordinate breakout groups, synthesize their output, and generally guide the process and keep things constructive and on track. Prior to the meeting, I may ask the partners to read one of my favorite articles which makes the business case for installing written core values to govern life in the firm.

They may also be asked to review sample core values statements that other law firms have adopted. (Many firms post these on their websites; a simple Google search will turn up plenty of examples.) The readings may be accompanied by a short, confidential questionnaire. To begin the (usually half day) meeting, we discuss the reasons and objectives for the day, review the survey results (if any), present the ground rules and assignment for the first breakout session, and break into pre-assigned groups.

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Law firm Brochure

History We opened our first international office over 50 years ago when, in 1962, we were the first law firm from the City of London to open an office in Brussels. Today, we have offices in key financial centres across Asia, Europe and the Middle East and a strong track record of delivering high quality legal services to our clients in some of the fastest growing markets in the world.

Year by year 1995

2001

OUR THIRD GERMAN OFFICE OPENS IN MUNICH, WITH A FOCUS ON PATENT LITIGATION SUPPORT FOR CLIENTS IN THE LIFE SCIENCES AND TMT SECTORS, AND SUPPORT FOR ASSET MANAGEMENT & INVESTMENT FUND CLIENTS

OUR SINGAPORE OFFICE OPENS TO PROVIDE A HUB TO SUPPORT CLIENTS THROUGHOUT SOUTH EAST ASIA. OUR FIFTH OFFICE IN ASIA, IT SERVES CLIENTS ACROSS OUR KEY SECTORS ON CROSS-BORDER TRANSACTIONS AND DISPUTES, AND PROVIDES ENGLISH LAW ADVICE TO CLIENTS ACROSS THE SOUTH EAST ASIA REGION

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2008

THE FIRM EXPANDS ITS BRANDS AND TRADE MARK PRACTICE, LAUNCHING A SPECIALIST TRADE MARK PRACTICE IN CHINA THROUGH THE ESTABLISHMENT OF AN IP AGENCY WHICH IS PERMITTED

BY CHINESE REGULATIONS TO PROVIDE A RANGE OF INTELLECTUAL PROPERTY RELATED SERVICES.

Morgan Lewis & Paul Hastings

2016

2020

THE FIRM CELEBRATES TWENTY YEARS ON THE GROUND IN THE MIDDLE EAST WITH THE TWENTIETH ANNIVERSARY OF ITS ABU DHABI OFFICE. THE FIRM ALSO EXPANDS ITS PRESENCE IN THE REGION WHEN OUR ALLIANCE FIRM IN SAUDI ARABIA, HAMMAD & AL-MEHDAR, OPENS ITS SECOND OFFICE, IN RIYADH.

THE FIRM OPENS IN LUXEMBOURG TO BROADEN ITS OFFERING TO CLIENTS IN THE ASSET MANAGEMENT AND FINANCIAL INSTITUTIONS SECTORS.

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Law firm Brochure

LILLIAN PARSONS

ANTHONY BERRY

“

Organisation for

“

Economic Co-operation (OECD)

Why bother with core values? Aren’t they already understood,

Foreign Sales Corporations (FSCs)

practiced, and enforced? Possibly. But we observe a number of

Firms with partners who trust and respect each other will cross-

benefits that accrue to firms with clearly articulated standards.

sell, refer business back and forth, share associates and make sure

Decision making improves and higher levels of trust and respect

work is being done by the right lawyers. In short, they will be more

follow once the firm has agreed what it stands for and holds dear

inclined to engage in behaviors that grow the firm, expand client

and when firm management starts making explicit reference to

relationships and improve profitability.

the core values in its deliberations.

Testimonials Testimonials are a good way to reassure potential customers that your business is genuine, and your products or services are well-regarded by existing customers. By way of example, you can see ours here.

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Morgan Lewis & Paul Hastings

ALEXANDRA ANDERSON

“

Central European Free Trade

Simply put, when a law firm

(CEFTA)

adopts a written statement

Systems, processes, and policies, so frequently resisted in law firms, can be built for governing the firm in explicit accordance with its values. Culture and values are very important to recruiting, retention, reputation and the smooth functioning of everyday

of core values, the partners

operations. People will want to work at your firm.

are agreeing to promote, CORE VALUES • • • • • •

embody and be bound

INTERDEPENDENT COLLABORATIVE COORDINATED BROAD, INCLUSIVE COMMUNICATION TRUSTING FIRM FIRST; SHARED AGENDA

by a set of standards that define what it means to be a partner (or lawyer, or employee) in that firm.

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Law firm Brochure

Our offices BELVEDERE

CALIFORNIA CITY

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BRADBURY

CARPINTERIA

O (86 10) 8523 0688

O (86 10) 8523 0688

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Morgan Lewis & Paul Hastings

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Morgan Lewis & Paul Hastings 15-17 CHARLOTTE STREET LONDON W1T 1RJ ENGLAND

O (123)-456-7890 w www.lawfirm.com; office@lawfirm.com t twitter-name s skype-name f facebook-name