Venable LLP

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Venable LLP
Venable LLP logo.svg
Headquarters Washington, D.C.
No. of offices13
OfficesAnnapolis, Baltimore, Chicago, Fort Lauderdale, Los Angeles, Miami, New York, San Francisco, Tampa, Towson, Tysons, Washington, D.C., Wilmington
No. of attorneys800+
No. of employees1,300+
Major practice areas Corporate law, complex litigation, intellectual property, entertainment law, and government affairs
Key peopleStuart Ingis, Chairman
Revenue$717,017,642 (2021)
Profit per equity partner$1,234,973 (2021)
Date founded1900
FounderRichard Venable
Company type Limited liability partnership
Website www.venable.com OOjs UI icon edit-ltr-progressive.svg

Venable LLP is an American law firm headquartered in Washington, D.C. [1] It is the largest law firm in the state of Maryland. [2] Founded in 1900 by Richard Venable in Baltimore, [3] Venable operates 13 offices across the United States [4] and employs about 850 professionals [5] specializing in regulatory, litigation, corporate, and investigations matters. [6]

Contents

In 2021, Venable was ranked as the 78th highest grossing law firm in the world. [7] From 2020 to 2021, Venable's total revenue grew from US$681.8 million to $717 million. Revenue per lawyer saw a similar increase, with each lawyer generating a revenue of $965,031 and each equity partner generating $1.23 million on average. [8]

History

Venable was founded in 1900 by law professor Richard Venable in Baltimore. [3] It became the second-largest law firm in the Baltimore-Washington area in 1999 when it merged with Washington-based Tucker Flyer. [9] The firm expanded cross country to Los Angeles in 2006. [10]

In 2017, Venable headquarters moved to a new building in Washington, located at 600 Massachusetts Avenue. [1]

In one of the largest law firm mergers of 2018, Venable acquired the New York intellectual property firm Fitzpatrick Cella, which had 100 attorneys at the time. [11]

Venable opened a construction law office in Chicago in January 2021, with firm chairman Stu Ingis stating that the decision to expand was founded on Venable's "history of measured, strategic growth through the addition of talented attorneys and practices in markets that support client needs". [12]

In The American Lawyer AmLaw 100 ranking for 2021, Venable was rated 59th in revenue per lawyer, 71st in profits per lawyer, 76th in profits per equity partner, and 73rd in all-partner compensation, for an overall ranking of 65th. [13]

Shortly after the 2022 Russian invasion of Ukraine, Venable terminated its lobbying deal with Sberbank, Russia's largest bank. [14] It was known that Sberbank had paid more than $800,000 to Venable for lobbying since 2017, according to Senate records. [15]

In November 2022, Venable announced that it would merge with Genovese Joblove & Battista, a multi-practice Florida-based law firm with offices in Miami, Tampa, and Fort Lauderdale. [16]

Notable alumni and current attorneys

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References

  1. 1 2 "Venable Offices - Washington D.C." Office Snapshots. 2017-10-10. Archived from the original on 2021-04-18. Retrieved 2021-02-14.
  2. ↑ "Maryland's Largest Law Firms | Maryland Daily Record". www.thedailyrecord.com. 12 April 2019. Archived from the original on 2021-09-22. Retrieved 2021-09-21.
  3. 1 2 "Venable LLP | Company Profile | Vault.com". Vault. Archived from the original on 2021-02-28. Retrieved 2021-02-14.
  4. ↑ "Offices". Venable. Retrieved 18 May 2023.
  5. ↑ "Home page". Venable LLP. Venable. Retrieved 18 May 2023.
  6. ↑ "Services | Venable LLP". www.venable.com. Archived from the original on 2021-08-26. Retrieved 2021-08-26.
  7. ↑ "The 2020 Global 200: Ranked by Revenue | Law.com". www.law.com. Archived from the original on 2021-10-20. Retrieved 2021-09-20.
  8. ↑ "Following a Decade of Consistent Growth, Venable Continued to See Metrics Rise in 2021". The American Lawyer. Archived from the original on 2022-07-31. Retrieved 2022-03-10.
  9. ↑ Somerville, Sean. "Venable, D.C. law firm to merge; Tucker Flyer deal expected to create region's No. 2 practice; Legal profession". baltimoresun.com. Archived from the original on 2021-04-18. Retrieved 2021-02-14.
  10. ↑ "Venable Opens California Office with Lawyers from Two Los Angeles Firms | About | Venable LLP". www.venable.com. Archived from the original on 2021-01-18. Retrieved 2021-02-14.
  11. ↑ Tribe, Meghan. "Venable Completes Merger With New York's Fitzpatrick Cella". The American Lawyer. Archived from the original on 2018-11-02. Retrieved 2021-02-14.
  12. ↑ "Venable Launches Chicago Office and Adds Construction Law Group – REJournals". rejournals.com. Archived from the original on 2021-01-19. Retrieved 2021-02-14.
  13. ↑ "Venable Has Another Strong Year in the 2021 Am Law 100 Rankings | About | Venable LLP". www.venable.com. Archived from the original on 2021-08-26. Retrieved 2021-08-26.
  14. ↑ "Many, but not all, U.S. law and lobbying firms drop Russian clients". The New York Times. Archived from the original on 2022-03-01. Retrieved 2021-03-10.
  15. ↑ "US lobbying firms rush to cut ties with Russian businesses hit with sanctions". CNN. Archived from the original on 2022-02-26. Retrieved 2021-03-10.
  16. ↑ "Venable Expands to Miami with Addition of Genovese Joblove & Battista". PR Newswire. Archived from the original on 2022-11-08.
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