Pillsbury Winthrop Shaw Pittman

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Pillsbury Winthrop Shaw Pittman LLP
Pillsbury-logo.PNG
Headquarters New York City, New York [1]
No. of offices19 [2]
No. of attorneysapproximately 700
Key peopleDavid T. Dekker, chair [3] Michael Finnegan, firm managing partner [4]
Date founded1868
Company type Limited liability partnership
Website pillsburylaw.com

Pillsbury Winthrop Shaw Pittman LLP, also known as Pillsbury, is a full-service law firm with a particular focus on the energy, financial services, real estate and technology industries. Based in the world's major financial, technology and energy centers, Pillsbury counsels clients on global business, regulatory and litigation matters. [5]

Contents

It has approximately 700 attorneys operating from 20 offices in the U.S., London and Asia. [6] The firm has connections to the two main political parties in the United States. [7]

The law firm's two oldest predecessor firms were founded in New York in 1868 and in San Francisco in 1874, following the California Gold Rush. The San Francisco firm helped create a number of new West Coast businesses including Chevron and Pacific Bell (now known as AT&T). In the 2000s, Pillsbury has become an advocate of labor outsourcing as a means of firms cutting costs by offering services to both buyers and providers of outsourcing services. [8]

History

Pillsbury offices in Washington, D.C. 1200 17th Street NW.jpg
Pillsbury offices in Washington, D.C.

Predecessor firm Pillsbury, Madison & Sutro opened in San Francisco in 1874, making Pillsbury the second oldest "powerhouse" law firm in California, after Orrick, Herrington & Sutcliffe. In 1900, Pillsbury incorporated Standard Oil of California—the company would later become Chevron, which has remained one of the firm's longstanding clients. Pillsbury managed Chevron's then-record $13.2 billion cash merger with Gulf Oil in 1984, its 2001 merger with Texaco and its 2005 acquisition of Unocal Corp. [9]

Pillsbury is the result of several law firm mergers. In 1990, Pillsbury, Madison & Sutro merged with Los Angeles–based Lillick & McHose, and then in 1996 with Washington, D.C.–based Cushman Darby & Cushman. In 2001, the firm merged with Winthrop, Stimson, Putnam & Roberts of New York City (Winthrop Stimson's predecessor was founded in 1868 by future Secretary of State and Nobel Peace laureate Elihu Root; another past partner was statesman Henry L. Stimson). The firm changed its name to Pillsbury Winthrop.

In 2005 Pillsbury Winthrop merged with Shaw Pittman (formerly Shaw, Pittman, Potts & Trowbridge), a 300-lawyer Washington, D.C.–based firm working in global sourcing, energy, real estate, technology and communications. [10]

Pillsbury was involved in the drafting of the 1952 Patent Act, which serves as the basis for patent law today, and launched the first nuclear energy law practice in the U.S. in 1966. In 1968, the firm handled the formation of Intel Corporation, and in 1970, it served as counsel on the first public offering by a member of the New York Stock Exchange. In 1980, Pillsbury advised on the then-largest foreign acquisition of a U.S. bank, and in 1994, the firm registered the first trademark for a dotcom. [11]

In 2012, the firm entered into merger discussions with Washington, D.C.–based Dickstein Shapiro, but those talks ended by early 2013. [12]

2006 layoffs

In April 2006, Pillsbury had a round of layoffs. These layoffs were in connection with the merger with Shaw Pitman in April 2005. [13] The layoffs included its unofficial mascot, Martin Macy. [14] Macy, who had started with the firm at the age 17, had been in the San Francisco office for 41 years prior to his dismissal. He was terminated from his position as messenger to save his annual salary of $34,000. [15] At the time, the combined revenue for the partners at the firm had dropped from $780,000 to $760,000 [16] and the firm's assets were over $6 million. [17] To assist Macy, the legal community created a trust fund to which former co-workers, clients and other members of the legal community donated money. [17] The San Francisco Chronicle reported that "His dismissal has become something of a cause celebre in the San Francisco legal community." [17] By April 2007, over $230,000 had been gathered for Macy. [18] Macy died in his sleep in February 2008. [19]

2009 conflict of interest misconduct

In 2009 a United States federal judge found misconduct by a number of lawyers regarding the conflict of interest disclosure failures by Pillsbury Winthrop in the SONICblue bankruptcy case stating "The reorganization of SONICblue, Inc. has been tragically marred by the misdeeds of professionals". [20] Pillsbury was forced to disgorge $10 million in fees for filing a false affidavit and hiding their conflict of interest for the debtor in the bankruptcy case of SONICblue. The federal judge ordered the firm to step down citing the "complete breakdown of creditor confidence" due to the firm's failure to make a required disclosure of a conflict of interest involving a number of hedge funds. Counsel for the official creditors committee gave tacit approval of the conflict as neither law firm brought the matter to the attention of the court. [21] Sequential conflict disclosure misconduct in the SONICblue bankruptcy case has escalated the possible consequences to Pillsbury. [22] The lawyer representing the successor to SONICblue subsequently learned that in addition to the failure to disclose the conflict, the firm also failed to disclose their own withdrawal of funds from the Debtor during the pre-petition preference period and had petitioned the Federal Judge to refer the firm's responsible lawyers for criminal prosecution [23] and sought $30 million in damages from Pillsbury Winthrop and associated parties on the official creditors committee as well as their counsel. [24] [25]

On March 29, 2018, Pillsbury Winthrop was disqualified from representing a client, Continental Service Group Inc. who collects overdue student loans. A partner had said about a competitor (Performant Financial Corp.) that it "was not a highly rated" company. However, Performant was a current client of Pillsbury Winthrop in other matters. The judge stated that the Pillsbury Winthrop's partners' statements "created a situation where he has stunted Pillsbury's ability to effectively and zealously advocate on ConServe's behalf." Pillsbury denied any wrongdoing. [26]

Offices

As of August 2022, Pillsbury has 20 offices in the US, China, Japan and the UK. [27]

Awards and recognition

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References

  1. ↑ "Pillsbury Winthrop Shaw Pittman". Forbes .
  2. ↑ "Pillsbury Winthrop Shaw Pittman Office Locations".
  3. ↑ Dekker's firm bio
  4. ↑ "Michael Finnegan | Lawyer | Pillsbury".
  5. ↑ "Our Approach".
  6. ↑ "Pillsbury Winthrop Shaw Pittman Office Locations". Pillsbury Law. Retrieved 2019-09-16.
  7. ↑ "Welcome page". Official website. Archived from the original on 2007-06-30. Retrieved 2007-05-07.
  8. ↑ No Better Time, Pillsbury Newsletter, John Haworth and Mario F. Dottori, December 5, 2008, page 1.
  9. ↑ "California Powerhouse: Pillsbury - Law360".
  10. ↑ Eric Young (March 29, 2005). "Merger approved; it's now Pillsbury Winthrop Shaw Pittman". Washington Business Journal .
  11. ↑ "Firm history". Official website. Retrieved 2013-09-04.
  12. ↑ Post, Ashley (14 January 2013). "Pillsbury, Dickstein end merger talks". Inside Counsel. Archived from the original on 7 June 2013. Retrieved 5 February 2013.
  13. ↑ "One Year In, Pillsbury Merger Not an Easy Fit", The National Law Journal, Leigh Jones, April 17, 2006
  14. ↑ "Beloved staffer downsized at Pillsbury," by Marie-Anne Hogarth, The Recorder, 04/03/2006
  15. ↑ "Legal world conjures up a conscience" by Joan Ryan, San Francisco Chronicle, 04/06/2006
  16. ↑ Jones
  17. 1 2 3 Ryan
  18. ↑ "Sidebar," The Recorder, 04/09/2007
  19. ↑ Niraj Chokshi, "Martin Macy, Ex-Pillsbury 'Mascot,' Dies at 59", The Recorder February 21, 2008
  20. ↑ "OPINION AND ORDER". Marilyn Morgan U.S. Bankruptcy Judge NDCA. Retrieved December 29, 2009.
  21. ↑ "BigLaw Firm Bounced From Bankruptcy Case". New York Lawyer. Retrieved March 27, 2007.
  22. ↑ "Law Firm Faces Another Conflict Accusation Due to Non-Disclosure". Klein, DeNatale, Goldner, Cooper, Rosenlieb & Kimball, LLP. Archived from the original on July 23, 2008. Retrieved August 21, 2008.
  23. ↑ "Motion Asks Judge to Refer Pillsbury Partner for Possible Perjury Prosecution" . Retrieved April 17, 2008.
  24. ↑ "Pillsbury Winthrop BankruptcyMisconduct". Archived from the original on January 17, 2013. Retrieved May 28, 2008.
  25. ↑ "Trustee Seeks $30 Million Hit for SonicBlue Law Firms, Creditors" . Retrieved April 17, 2008.
  26. ↑ "Judge cites Pillsbury partner's remarks to newspaper in disqualifying firm from representation" . Retrieved April 6, 2018.
  27. ↑ "Offices". Official website. Retrieved 2022-08-22.
  28. ↑ "Pillsbury Named to BTI "Power Elite," Recognizing Firm's Deep Bonds with Clients". Pillsbury Law. Retrieved 2019-09-20.
  29. ↑ "Pillsbury Among Working Mother's Inaugural Law Firm Hall of Fame Class". Pillsbury Law. Retrieved 2019-09-20.
  30. ↑ "Pillsbury Continues Remarkable Run with 13th Consecutive Perfect Score in Corporate Equality Index". Pillsbury Law. Retrieved 2019-09-20.
  31. ↑ "Pillsbury One of Only Three Law Firms Named a Top Company for Executive Women". Pillsbury Law. Retrieved 2019-09-20.
  32. ↑ April 23, Ben Seal |; AM, 2019 at 09:34. "The 2019 Am Law 100: Gross Revenue". The American Lawyer. Retrieved 2019-09-20.{{cite web}}: CS1 maint: numeric names: authors list (link)
  33. ↑ "Financial Times Recognizes Pillsbury among 2018's Most Innovative Law Firms". Pillsbury Law. Retrieved 2019-09-20.
  34. ↑ "Pillsbury Named One of Latin America's Top Law Firms in Latin America by Latinvex". Pillsbury Law. Retrieved 2019-09-20.
  35. ↑ "Pillsbury Named to BTI's Client Service Elite for 15th Year in a Row". Pillsbury Law. Retrieved 2019-09-20.
  36. ↑ "Giffords Law Center Honors Pillsbury at 25th Anniversary Gala". Pillsbury Law. Retrieved 2018-07-06.
  37. ↑ "Yale Law Women Names Pillsbury a Top 10 Family-Friendly Firm". Pillsbury Law. Retrieved 2018-07-06.
  38. ↑ "Women in Law Awards: USA 2017 - Chambers and Partners". www.chambersandpartners.com. Retrieved 2018-07-06.
  39. ↑ "The Most Recommended Law Firms 2017". BTI Consulting Group. Retrieved 2018-07-06.

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