| Ropes & Gray | |
|---|---|
| Headquarters | Boston, Massachusetts |
| No. of offices | 10 |
| No. of attorneys | ~1,000 |
| Major practice areas |
|
| Key people |
Bradford Malt, Chairman John Montgomery, Managing Partner Hugh Simons, Chief Operating Officer |
| Date founded | 1865 |
| Founder | John Codman Ropes, John Chipman Gray |
| Company type | Limited liability partnership |
| Website | |
| www.ropesgray.com | |
Ropes & Gray LLP is a global law firm with 10 offices located in the United States, Asia, and Europe. The firm has over 1,000 lawyers and professionals worldwide, and its clients include corporations and financial institutions, government agencies, universities, and health care organizations. It was founded in 1865 in Boston, Massachusetts by John Codman Ropes and John Chipman Gray.
The firm's major practice areas include private equity, mergers and acquisitions, intellectual property, complex business litigation, securities litigation, health care, life sciences, bankruptcy and business restructuring, government enforcement and white collar crime, investment management, hedge funds, antitrust, employee benefits, tax, and real estate. The firm is a leader in intellectual property law; in 2010 the firm received the Chambers USA "Award for Excellence" recognizing it as the top IP firm in the country. In 2003, the firm acquired New York City-based private equity law firm Reboul, MacMurray, Hewitt & Maynard. In 2005, the firm acquired New York-based intellectual property law firm Fish & Neave.
Contents |
Ropes & Gray is highly ranked in several publications, including The Financial Times, Vault [1], U.S. News / Best Lawyers, Chambers and Partners and The American Lawyer. In 2011, Ropes & Gray was named to The American Lawyer’s “A-List” ranking of 20 top law firms based on attorney diversity, pro bono work, associate satisfaction and firm performance[1] and was 27th in the AmLaw 100, which ranks firms by gross revenue.[2]
U.S. News / Best Lawyers named Ropes & Gray "Law Firm of the Year" for hedge funds for 2011-12.[3] The firm also was among the 20 U.S. law firms with the most top-tier national rankings in the "Best Law Firms" survey. The firm was ranked in the first tier nationally in 27 areas, including banking and finance, biotechnology, corporate, general commercial litigation, health care, M&A, mutual funds, patent litigation, private equity, real estate, securities litigation, and tax, among others.
Directors & Boards magazine named Ropes & Gray one of the top 10 U.S. law firms in dealing with general corporate governance issues in its 2009 survey of "Top Corporate Governance Law Firms." Ropes & Gray was named one of the top five securities litigation firms in the United States by Law360 in 2011.[4] The firm also was named one of 14 "standout" securities litigation firms in a BTI Consulting Group survey of 240 corporate counsel nationwide in 2010.[5]
The Financial Times, in the first U.S. edition of its "Innovative Lawyers" report in December 2010, highly commended Ropes & Gray for work in automotive restructuring, citing the firm's role in representing the main credit holders in the Chapter 11 case of Plastech, the largest minority-owned auto supplier in Michigan. The firm also was commended in the litigation category for two cases: advising former senior officers of Freddie Mac in numerous securities fraud class actions and derivative actions, and its lawyers' successful arguments before the U.S. Supreme Court in Jones v. Harris, the seminal case on mutual funds advisor fees.[6]
In the annual Chambers USA “Award for Excellence” honoring outstanding firms that demonstrate their pre-eminence in key practice areas, Ropes & Gray has been recognized as the leading U.S. law firm for intellectual property (2010)[7] and investment funds (2009)[8].
In 2011, the Chambers USA guide recognized 99 Ropes & Gray attorneys as leaders in their fields in 127 separate rankings. The firm is also cited as among the country’s best in 38 categories with 16 practice areas ranked in the top band, including antitrust, banking & finance, bankruptcy/restructuring, corporate/M&A, employee benefits & executive compensation, health care, hedge & mutual funds, intellectual property, intellectual property: patent, investment funds: registered funds, labor & employment, life sciences, litigation: general commercial, private equity: buyouts, private equity: fund formation and tax.[9]
The firm has embarked on an international expansion, with offices opened since 2007 in Tokyo, Hong Kong, Shanghai and London.
Chambers Global recognized Ropes & Gray in 15 practices, and the firm’s lawyers received 28 rankings in the 2011 edition of Chambers Global: The World’s Leading Lawyers for Business.[10] Chambers UK cited five Ropes & Gray practice areas, and Chambers Asia-Pacific recognized five Ropes & Gray practices in China and Japan.[11]
The firm's work in Asia, which focuses on private equity, M&A, life sciences and intellectual property, has already received recognition. In 2010, for the second year in a row, Ropes & Gray received the Asian Legal Business “Technology, Media and Telecommunications Deal of the Year” award for Japan, for representing long-term client Bain Capital on its acquisition of Bellsystem24, the leading call center operator in Japan, in the largest buyout by a foreign private equity firm in Japan in nearly two years. Asian Legal Business also honored the firm's Hong Kong-based lawyers for their role in China's “M&A Deal of the Year,” GCL-Poly Energy Holdings Ltd.’s $3.4 billion acquisition of Jiangsu Zhongneng. The firm also was recognized for having one of the leading patent firms in Japan by both Managing IP and Asia IP magazines.
Ropes & Gray has ranked among the top two law firms to work for three years in a row in the Vault survey. In 2011, Vault ranked Ropes & Gray the #2 Best Law Firms to Work For, #3 Best Law Firms for Overall Diversity, #1 in Formal Training, #1 in Informal Training, #2 in Associate/Partner Relations, #2 in Satisfaction, #2 in Green (environmentally friendly), #2 in LGBT Diversity, #2 in Diversity for Women and #3 in Diversity for Minorities.[12]
The firm ranked #3 in The American Lawyer’s survey of midlevel associate satisfaction among AmLaw 100 firms in 2011[13] and was recognized by Asian Legal Business as an “Employer of Choice” in Japan for 2011.[14]
The firm's lawyers argued before the U.S. Supreme Court, representing Harris Associates, in a seminal case for the mutual funds industry. In March 2010, the Supreme Court ruled in Jones v. Harris Associates, which definitively established the standard governing claims of excessive mutual fund fees under § 36(b) of the Investment Company Act of 1940.[15]
Ropes & Gray lawyers have advised on notable M&A transactions. Landmark deals include:
In 2009, Ropes & Gray advised on three of the largest leveraged acquisitions of the year, on three continents. The firm advised long-term client Bain Capital on its acquisition of Bellsystem24 in the largest buyout by a foreign private equity firm in Japan in nearly two years.[16] It also represented TPG Capital and the Canadian Pension Plan Investment Board in their $5.2 billion acquisition of IMS Health Inc., a leading provider of market intelligence to the pharmaceutical and healthcare industries.[17] And the firm worked on Liberty Global Inc.'s 2.6 billion Euro high yield offering to finance the acquisition of Unity Media, a German-based provider of broadband Internet, telephone, and digital TV.[18]
The firm also represented Genzyme Corporation on a transaction that was recognized as a "Deal of Distinction" by the Licensing Executives Society in September 2010. Ropes & Gray advised Genzyme Corporation on a complex $2.9 billion deal with Bayer Schering Pharma AG that expanded Genzyme’s oncology portfolio by giving the company rights to marketed cancer drugs and control of a program in multiple sclerosis.[19]
In 2009, Ropes & Gray lawyers devoted 90,000 hours to pro bono clients, ranging from transactional work for nonprofits to cases for individuals referred by not-for-profit legal service providers. That commitment in hours represented over a 500 percent increase over the last five years. The firm and its lawyers were recognized in 2010 for pro bono work in the areas of political asylum (in 2009, the firm committed over 12,500 hours to 71 indigent asylum-seekers) and an innovative partnership between legal and medical advocates.
Ropes & Gray partner Stephen Braga represented Arkansas death row inmate Damien Echols on a pro bono basis in the high-profile "West Memphis Three" case.[20]. Echols and two other teenagers, who have maintained their innocence, were convicted of murder in 1993, and Echols was sentenced to death. In 2010, the Arkansas Supreme Court granted them a new hearing because of new DNA evidence that suggested the three men were not at the scene of the crime. Before the hearing, scheduled for December 2011, however, Braga and other attorneys negotiated a deal between the defendants and prosecutors, allowing the men to go free using what's known as an Alford plea[21], in which the men maintained their innocence but acknowledged that prosecutors have enough evidence to convict them. On Aug. 19, 2011, the three men were released from prison. The case, and Ropes & Gray's Braga, were featured on a segment of the CBS news show "48 Hours."[22]
In 2011, Ropes & Gray, led by partners Bruce Manheim and Douglas Hallward-Driemeier, represented national medical organizations in a lawsuit challenging a new Florida law that restricts doctors from asking patients about guns in their homes. In the lawsuit, nicknamed "Docs v. Glocks," the physicians' groups argued that the law restricted their free-speech rights, and on Sept. 14, 2011, U.S. District Court Judge Marcia Cooke granted their motion to block the law.[23]
The Medical Legal Partnership│Boston honored Ropes & Gray in recognition of work at Dorchester House in Boston. In collaboration with Dorchester House, Ropes & Gray established a national model for promoting health through preventative legal services in community-based health and social services centers.[24] Political Asylum/Immigration Representation Project (PAIR), which works to secure safety and freedom for asylum-seekers who have fled from persecution throughout the world, recognized a Ropes & Gray lawyer for her work for Iraqi asylum-seekers. The Lawyers’ Committee, a private, nonprofit, nonpartisan legal organization that provides pro bono legal representation to victims of discrimination based on race or national origin, honored Ropes & Gray for providing workshops and clinics for emerging businesses in an economically disadvantaged area of Massachusetts.
The firm earned the top rating of 100 percent in the 2010 Corporate Equality Index (CEI), an annual survey administered by the Human Rights Campaign Foundation.[25] Also in 2010, Immigration Equality, a national organization fighting for equality under U.S. immigration law for lesbian, gay, bisexual, transgender, and HIV-positive individuals, presented Ropes & Gray with a 2010 Safe Haven Award for winning asylum for 10 Immigration Equality clients in 2009 – more than any other firm.[26]
In fall 2010, the firm's Boston office moved to the top office floors of the Prudential Tower in the Back Bay neighborhood.
The firm's nameplate was featured in the film Bride Wars. Kate Hudson's character is an associate at a New York law firm, and is seen entering and exiting the firm's New York office at 1211 Avenue of the Americas.[27]