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'''Cadwalader, Wickersham & Taft LLP''' is [[New York City]]'s oldest [[law firm]]<ref name="Bagli03">{{cite news |title=Home Front: At home in Lower Manhattan for 211 years |last1=Bagli |first1=Charles |last2= |first2= |url=https://www.nytimes.com/2003/10/05/jobs/home-front-at-home-in-lower-manhattan-for-211-years.html |newspaper=''[[The New York Times]]'' |date=5 October 2003 |accessdate=21 July 2015}}</ref><ref name="Yale00"/> and one of the oldest continuously operating legal practices in the United States.<ref name="Hoffman15">{{cite news |title=Cadwalader hires new partner as it looks to represent activist investors |url=https://www.wsj.com/articles/cadwalader-hires-new-partner-as-it-looks-to-represent-activist-investors-1433734202 |newspaper=[[Wall Street Journal]] |date=7 June 2015 |accessdate=21 July 2015}}</ref> Attorney John Wells founded the practice in 1792. Cadwalader's [[Lower Manhattan]] headquarters is one of eight offices in four countries. At the end of 2014, the firm had approximately 450 attorneys and was ranked by The American Lawyer as one of the top 100 American law firms by revenue. ==Overview== [[New York City]]'s oldest law firm,<ref name="Bagli03"/><ref name="Yale00"/> Cadwalader, Wickersham & Taft is headquartered at [[200 Liberty Street]] in Lower Manhattan.<ref name="Barbarino14"/> The firm's managing partner, Patrick Quinn, oversees approximately 450 attorneys as of year-end 2014.<ref name="Beck15">{{cite news |title=A challenging year at Cadwalader |last1=Beck |first1=Susan |last2= |first2= |url=http://www.americanlawyer.com/id=1202724029628/A-Challenging-Year-at-Cadwalader?slreturn=20150516145740 |newspaper=[[The American Lawyer]] |date=3 May 2015 |accessdate=21 July 2015}}</ref> It operates out of eight offices across the [[United States]], [[Europe]] and [[Asia]]. In addition to its Wall Street location, Cadwalader, Wickersham & Taft has offices in [[Washington, D.C.]], [[Houston]], [[Charlotte]], [[London]], [[Beijing]], [[Hong Kong]] and [[Brussels]].<ref name="Gordon15">{{cite news |title=US Attorney Anne Tompkins heading to Cadwalader, Wickersham & Taft |last1=Gordon |first1=Michael |last2=Rothacker |first2=Rick |url=http://www.charlotteobserver.com/news/local/article11159708.html |newspaper=''[[The Charlotte Observer]]'' |date=25 February 2015 |accessdate=21 July 2015}}</ref> In 2014, Cadwalader generated $481.5 million,<ref name="Beck15">{{cite news |title=A challenging year at Cadwalader |last1=Beck |first1=Susan |last2= |first2= |url=http://www.americanlawyer.com/id=1202724029628/A-Challenging-Year-at-Cadwalader?slreturn=20150516145740 |newspaper=[[The American Lawyer]] |date=3 May 2015 |accessdate=21 July 2015}}</ref> with a profit per partner of $2.21 million.<ref name="AmLawProfile"/> ==History== In 1792, attorney John Wells, a [[Princeton University|Princeton]] graduate who was one of approximately 80 lawyers in New York City at the time, founded the law firm that ultimately became known as Cadwalader, Wickersham & Taft.<ref name="Moody92">{{cite news |title=Venerable law firm looks back 200 years |last1=Moody |first1=Sid |last2= |first2= |url=http://community.seattletimes.nwsource.com/archive/?date=19920927&slug=1515325 |agency=[[The Associated Press]] |date=27 September 1992 |accessdate=21 July 2015}}</ref> The firm became a partnership called Wells & Strong<ref name="Swaine12">{{cite book |last=Swain |first=Robert T. |date=2012 |title=The Cravath Firm and Its Predecessors, 1819-1947, Volume 1 |url=https://books.google.com/books?id=p8jmmSwD9KEC&pg=PA7&lpg=PA7&dq=%22wells+%26+strong%22+cadwalader&source=bl&ots=Wxk7I0BXlc&sig=G0_XdlBBi00yLNyIFj7cQUFJ-PM&hl=en&sa=X&ved=0CDcQ6AEwBWoVChMIzoimxvjOyAIVRjc-Ch3jog3q#v=onepage&q=%22wells%20%26%20strong%22%20cadwalader&f=false |location= |publisher=The Lawbook Exchange |page=7 |isbn=9781584777137}}</ref> in 1818 when George Washington Strong joined Wells' practice.<ref name="Moody92"/> Wells' death in 1823<ref name="Yale00"/> prompted Strong to bring in George Griffin as partner. Griffin then left in 1838 and George Washington Strong partnered with Marshall Bidwell.<ref name="SyracuseLibraries">{{cite web |url=http://library.syr.edu/digital/guides/s/strong_gw.htm |title=George Washington Strong Legal Records |author= |date= |work= |publisher=Syracuse University Libraries |accessdate=21 July 2015}}</ref> George Washington Strong's son, [[George Templeton Strong]], a lawyer and noted [[diarist]], joined the firm in 1844. The firm became known as Strong, Bidwell & Strong.<ref name="Linden01">{{cite book |last=Linden |first=Glenn M. |date=1 January 2001 |title=Voices from the Gathering Storn: The Coming of the American Civil War |url=https://books.google.com/books?id=F20ZsA5ZeeEC&pg=PR23&dq=strong,+bidwell+%26+strong&hl=en&sa=X&ved=0CDEQ6AEwBGoVChMIjOff8sbPyAIVgYANCh3ufQh5#v=onepage&q=strong%2C%20bidwell%20%26%20strong&f=false |location= |publisher=Rowman & Littlefield |page=xxiii |isbn=9780842029995}}</ref> The firm became Bidwell & Strong in 1855 after George Washington Strong's death.<ref name="SyracuseLibraries"/> Charles E. Strong, George Templeton Strong's cousin, became the firm's chief in the 1870s. During his tenure, he considered shuttering the firm and moving from law to banking.<ref name="Moody92"/> In 1878, Strong partnered with [[John Lambert Cadwalader]], who was [[United States Assistant Secretary of State|assistant secretary of state]] during [[Ulysses S. Grant|President Ulysses S. Grant]]'s administration.<ref name="Moody92"/> ===Corporate law and civic responsibility=== George Washington Strong established the first Bank for Savings for the City of New York in 1816. Shipping, transportation and real estate matters handled on behalf of John Jacob Astor involved Strong in the legal work necessary to establish New York City’s first public library in 1849. If you follow Cadwalader's historical thread, you will find your way to John Cadwalader, who orchestrated the legal work necessary to establish The New York Public Library. As an attorney for Philip Schuyler, George Templeton Strong provided legal assistance to Elizabeth (Eliza) Schuyler Hamilton in establishing the Orphan Asylum Society. In 1848, the firm established the New York Association for Improving the Condition of the Poor and advised The Association for the Prevention of Cruelty to Animals. In 1861, George T. Strong established the United States Sanitary Committee, a forerunner to the American Red Cross, which raised more than $5 million for Union soldiers in need of medical care. Strong’s cousin and law partner Charles went on to oversee the establishment of the New York Medical College & Hospital for Women and Children. George T. Strong assisted with the development of Columbia Law in 1858, and, in 1870, George T. Strong and John Cadwalader were Charter Members of the Association of the Bar of the City of New York – which grew into the ABA in 1878. Joined by George Wickersham, who would become U.S. Attorney General in 1909, and Henry Taft, the law firm that would become Cadwalader, Wickersham & Taft always believed that it would be dedicated to corporate law and civic duty. Cadwalader also named the first female partner to what is considered to be a “Wall Street Law Firm.” In 1921, George Wickersham became a founder and Chairman of the Board of the Council on Foreign Relations. It was 1921 that also saw the establishment of the relationship between Cadwalader and The Salvation Army, a business and service relationship that continues to this day. In the 1960s, the firm represented Margaret Sanger, the founder of the birth control movement, and her Margaret Sanger Research Bureau, which merged with Planned Parenthood in 1973. [[George W. Wickersham]], an antitrust lawyer, joined the firm in 1883<ref name="Yale00"/> and made partner in 1887.<ref name="Moody92"/> Wickersham was named [[United States Attorney General|U.S. Attorney General]] under [[William Howard Taft|President William Howard Taft]].<ref name="Moody92"/> [[Henry W. Taft]], President Taft's brother, began working at Cadwalader in 1889.<ref name="Yale00">{{cite web |url=http://www.yale.edu/opa/arc-ybc/v29.n4/story5.html |title=Noted New York law firm donates historical records |author= |date=29 September 2000 |work= |publisher=Yale Bulletin & Calendar |accessdate=21 July 2015}}</ref> He became partner in 1899 and served as special assistant to the [[U.S. Attorney General]] from 1905 to 1907.<ref name="YaleObits45">{{cite web |url=http://mssa.library.yale.edu/obituary_record/1925_1952/1945-46.pdf |title=Obituary record of graduates of Yale University during the year 1945-1946 |author= |date=1 January 1947 |work= |publisher= |accessdate=21 July 2015}}</ref> The firm became known as Cadwalader, Wickersham & Taft in 1914.<ref name="Moody92"/> In the 1930s, Cadwalader was involved with the custody trial determining the guardianship of [[Gloria Vanderbilt]].<ref name="Moody92"/><ref name="Goldsmith11">{{cite book |title=Little Gloria |author=Barbara Goldsmith |authorlink= |year=2011 |publisher=Knopf |location= |isbn=9780307800329 |page= |pages=650 |url=https://books.google.com/books?id=QPaQNMkgYwwC&pg |accessdate=20 October 2015}}</ref> Catherine Noyes Lee became Cadwalader's first female partner in 1942.<ref name="Moody92"/> Cadwalader expanded its footprint as the firm opened an office in Charlotte, North Carolina, in 1996,<ref name="Gordon15"/> established a London presence in 1997<ref name="BloombergNews">{{cite web |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPLahsJJFYKc&refer=uk |title=U.S. Law Firms in London Earn More Than U.K. Peers, Poll Finds |author= |date= |work= |publisher=[[Bloomberg News]] |accessdate=21 July 2015}}</ref> and opened its first office in [[China]]—in [[Beijing]]—in 2005.<ref name="Raymond08">{{cite news |title=Cadwalader to lose Beijing managing partner |last1=Raymond |first1=Nate |last2= |first2= |url=http://amlawdaily.typepad.com/amlawdaily/2008/08/cadwalader-to-l.html |newspaper=[[The American Lawyer]] |date=22 August 2008 |accessdate=7 July 2015}}</ref> [[Image:200LibertyStreet.jpg|thumb|right|225px|Cadwalader’s global headquarters in the [[One World Financial Center]], New York City]] In the mid-1990s, a group of young partners formed what some at Cadwalader referred to as Project Rightsize, an effort from 1994 to 1995 to remove less productive partners.<ref name="Barrett98">{{cite news |title=Ousting partners for big profits, Cadwalader's new image sizzles |last1=Barrett |first1=Paul |last2= |first2= |url=https://www.wsj.com/articles/SB903304744293524500 |newspaper=[[Wall Street Journal]] |date=17 August 1998 |accessdate=21 July 2015}}</ref> The group shuttered Cadwalader's office in [[Palm Beach, Florida]], and reduced a branch in [[Los Angeles, California]]. In all, 17 partners, nearly 20 percent, left the firm.<ref name="Barrett98"/> Critics said the move was driven by individuals' financial interests and two former partners successfully sued Cadwalader, Wickersham & Taft for violating its partnership agreement.<ref name="Barrett98"/> Following the [[September 11, 2001]], terror attacks, Cadwalader assisted families of those killed,<ref name="Fordham">{{cite web |url=http://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=1891&context=ulj |title=Public service in a time of crisis: a report and retrospective on the legal community's response to the events of September 11, 2001 |author= |date=2003 |work= |publisher=[[Fordham Urban Law Journal]] |accessdate=21 July 2015}}</ref> including immigrant families.<ref name="Navarro02">{{cite news |title=For illegal workers' kin, no paper trail and less 9/11 aid |last1=Navarro |first1=Mireya |last2= |first2= |url=https://www.nytimes.com/2002/05/06/nyregion/for-illegal-workers-kin-no-paper-trail-and-less-9-11-aid.html?pagewanted=all |newspaper=[[The New York Times]] |date=6 May 2002 |accessdate=21 July 2015}}</ref> A portion of the firm's post-9/11 work occurred when attorneys learned there was no central resource for families seeking benefits; as a result, Cadwalader lawyers put together the "Handbook of Public and Private Assistance Resources for the Victims and Families of the World Trade Center Attacks", which was released in November 2001.<ref name="Fordham"/> The firm released an expanded version the following year.<ref name="Fordham"/> Cadwalader also represented Nobel Prize laureate Malala Yousafzai, helping her negotiate and establish The Malala Fund after the assassination attempt by the Taliban. During the [[financial crisis of 2007-08|financial crisis]] of 2007 to 2008, Cadwalader reduced its number of lawyers by about 20 percent in 2008. A ''[[Wall Street Journal]]'' reporter suggested the move was meant to lower operating costs as demand for its services decreased. Then-Chairman W. Christopher White stated, "There was a bubble, we rode that bubble, it contracted, and we adjusted".<ref name="Jones08">{{cite news |title=Cadwalader's layoff strategy |last1=Jones |first1=Ashby |last2= |first2= |url=https://www.wsj.com/articles/SB121798627846815619 |newspaper=[[Wall Street Journal]] |date=6 August 2008 |accessdate=21 July 2015}}</ref> Also during the fiscal crisis, Cadwalader attorneys served as advisers for the [[United States Treasury|U.S. Treasury]] as [[Chrysler]] and [[General Motors]] restructured.<ref name="DeLaMercedJ09">{{cite news |title=2 lawyers on the G.M. case tell their story |last1=De La Merced |first1=Michael J. |last2= |first2= |url=https://dealbook.nytimes.com/2009/07/25/2-lawyers-on-the-gm-case-tell-their-stor/?_r=0 |newspaper=[[The New York Times]] |date=25 July 2009 |accessdate=21 July 2015}}</ref> Cadwalader expanded in China with a Hong Kong office in 2010.<ref name=ZankiJanuary92015>{{cite news |title=Cadwalader Nabs 3 Partners From Latham's Hong Kong Office |last1=Zanki |first1=Tom |last2= |first2= |url=http://www.law360.com/articles/609856/cadwalader-nabs-3-partners-from-latham-s-hong-kong-office |newspaper=[[Law360]] |date=9 January 2015 |accessdate=7 July 2015}}</ref> In 2011, it opened offices in Houston<ref name="HoustonBizJournal11">{{cite news |title=Firms ramp up Houston energy practices |last1= |first1= |last2= |first2= |url=http://www.bizjournals.com/houston/print-edition/2011/07/08/firms-ramp-up-houston-energy-practices.html |newspaper=[[American City Business Journals|Houston Business Journal]] |date=8 July 2011 |accessdate=21 July 2015}}</ref> and Brussels.<ref name="Lipman15">{{cite news |title=Cadwalader launches Brussels base with antitrust vet |last1=Lipman |first1=Melissa |last2= |first2= |url=http://www.law360.com/articles/242000/cadwalader-launches-brussels-base-with-antitrust-vet |newspaper=[[Law360]] |date=28 April 2011 |accessdate=21 July 2015}}</ref> In 2013, James C. Woolery left JP Morgan Chase for Cadwalader, Wickersham & Taft. The next year, Woolery was selected to take over as the firm's new chairman starting in 2015.<ref name="DeLaMerced14">{{cite news |title=Cadwalader Picks Woolery as Next Chairman |last1=De La Merced |first1=Michael J. |last2= |first2= |url=https://dealbook.nytimes.com/2014/01/09/cadwalader-picks-woolery-as-next-chairman/ |newspaper=[[The New York Times]] |date=9 January 2014 |accessdate=21 July 2015}}</ref> In January 2015, when the chairman-elect was slated to take the chairman's post, the firm announced Woolery had left Cadwalader, Wickersham & Taft to launch a hedge fund.<ref name="Beck15"/> The firm eliminated the chairman position and Managing Partner Patrick Quinn began overseeing the firm.<ref name="Beck15"/> ==Areas of practice== Cadwalader, Wickersham & Taft's practices cover varying areas of law, including: antitrust, [[capital markets]], [[corporate law|corporate]], energy and [[commodities]], [[finance]], financial [[restructuring]], [[financial services]], [[health care]]/not-for-profit, [[intellectual property]], litigation, [[tax law|tax]] and private wealth, and white collar defense and investigations.<ref name="ChambersandPartners">{{cite web |url=http://www.chambersandpartners.com/usa/firm/3518/cadwalader-wickersham-taft |title=Cadwalader, Wickersham & Taft LLP |author= |date= |work= |publisher=Chambers & Partners |accessdate=21 July 2015}}</ref> The fim has long-standing client relationships with premier financial institutions, [[Fortune 500]] companies, government entities, charitable and health care organizations, and private clients.<ref>{{cite journal|title=Cadwalader, Wickersham & Taft LLP Profile|journal=The National Law Review|date=2 January 2016|url=http://www.natlawreview.com/organization/cadwalader-wickersham-taft-llp|accessdate=22 January 2016|issn=2161-3362}}</ref> The firm also takes on [[pro bono]] assignments, providing attorneys for non-profit organizations, including those assisting women, children and immigrants.<ref name="Women'sHealthWeekly09">{{cite web |url=http://www.highbeam.com/doc/1G1-192777479.html |title=Kids in Need of Defense KIND welcomes founding executive director |author= |date=29 January 2009 |work= |publisher=Women's Health Weekly |accessdate=23 July 2015}}</ref><ref name="NYSBA">{{cite web |url=http://www.nysba.org/WorkArea/DownloadAsset.aspx?id=52566 |title=Cadwalader, Wickersham & Taft’s Women’s Leadership Initiative Launches Housing Clinic in Partnership with The Legal Aid Society |last=Bormann |first=Emily |access-date=19 August 2015}}</ref> One of the firm's highest-profile [[pro bono]] clients was [[Nobel laureate]] [[Malala Yousafzai]].<ref name="Malala">{{cite news |title=Cadwalader Hails Nobel Prize-Winning Pro Bono Client Malala Yousafzai |newspaper=[[The American Lawyer]] |date=24 October 2014 |accessdate=24 November 2015}}</ref> Cadwalader began representing the female education activist in 2012, while she was seventeen years old and still hospitalized by a Taliban shooting. The firm continued to represent her for two years, ultimately establishing the Malala Fund, a [[nonprofit]] organization advocating for women's access to education.<ref name="Malala" /> ==Rankings and recognition== Law associates surveyed for the Vault 100 law firm rankings placed Cadwalader, Wickersham & Taft at No. 31 on its 2016 list of most prestigious firms to work for.<ref name="VaultLaw100">{{cite web |url=http://www.vault.com/company-rankings/law/vault-law-100?pg=2 |title=Vault Law 100 |publisher=Vault.com |accessdate=7 July 2015}}</ref> Also in 2015, [[U.S. News & World Report]] named Cadwalader, Wickersham & Taft "Law Firm of the Year" for derivatives and futures law.<ref name="USNewsBestLawFirms">{{cite web |url=http://bestlawfirms.usnews.com/lfoty.aspx |title="Law Firm of the Year" Awards |author= |date= |work= |publisher=[[U.S. News & World Report]] |accessdate=21 July 2015}}</ref> Cadwalader was ranked No. 1 on the Commercial Mortgage Alert's top issuer counsel<ref name="CMAIssuer15">{{cite web |url=https://www.cmalert.com/rankings.pl?Q=87 |title=Top issuer counsel for US CMBS |author= |date=30 June 2015 |work= |publisher=Commercial Mortgage Alert |accessdate=21 July 2015}}</ref> and top underwriter counsel<ref name="CMAUnderwriter15">{{cite web |url=https://www.cmalert.com/rankings.pl?Q=88 |title=Top underwriter counsel for US CMBS |author= |date=30 June 2015 |work= |publisher=Commercial Mortgage Alert |accessdate=21 July 2015}}</ref> tables for commercial mortgage-backed securities in 2015. Additionally, the firm has received recognition for its [[organizational culture|business culture]]<ref name="Triedman15">{{cite news |title=Arnold & Porter, others make Best Firms For Families list |last1=Triedman |first1=Julie |last2= |first2= |url=http://www.americanlawyer.com/id=1202727845346/Arnold--Porter-Others-Make-Best-Firms-for-Families-List#ixzz3cfr52Smw |newspaper=[[The American Lawyer|The Am Law Daily]] |date=29 May 2015 |accessdate=21 July 2015}}</ref> and diversity.<ref name="Maniace15">{{cite news |title=Diversity Initiative Honorees 2015: Cadwalader, Wickersham & Taft |last1=Maniace |first1=Len |last2= |first2= |url=http://www.newyorklawjournal.com/id=1202721481048/Diversity-Initiative-Honorees-2015-Cadwalader-Wickersham-amp-Taft#ixzz3cgipDO6t |newspaper=[[New York Law Journal]] |date=30 March 2015 |accessdate=21 July 2015}}</ref><ref name="Roberts14">{{cite web |url=http://askmissa.com/2014/10/30/recap-12th-annual-top-corporate-allies-for-diversity-gala-to-support-nontraditional-employment-for-women/#sthash.nRqP72ET.dpuf |title=Recap: 12th Annual Difference Matters Magazine Awards Gala To Support Nontraditional Employment For Women Honors Top Corporate Allies For Diversity |author=Randi Roberts |date=30 October 2014 |work= |publisher=Ask Miss A |accessdate=21 July 2015}}</ref> In 2015, [[The American Lawyer]] ranked Cadwalader, Wickersham & Taft No. 65 on the Am Law 100,<ref name="AmLawProfile">{{cite web |url=http://www.americanlawyer.com/law-firm-profiles-result?firmname=Cadwalader+Wickersham+%26+Taft |title=Cadwalader Wickersham & Taft Law Firm Profile |author= |date= |work= |publisher=[[The American Lawyer]] |accessdate=21 July 2015}}</ref> an annual ranking of U.S. firms by [[gross revenue]].<ref name="Blumenthal12">{{cite news |title=Per-lawyer revenue up |last1=Blumenthal |first1=Jeff |last2= |first2= |url=http://www.bizjournals.com/philadelphia/print-edition/2012/05/04/per-lawyer-revenue-up.html |newspaper=[[American City Business Journals|Philadelphia Business Journal]] |date=4 May 2012 |accessdate=7 July 2015}}</ref> The publication also classified Cadwalader as one of only twenty-four "Superrich Firms" in the United States, categorized as those generating both $1 million in revenue per lawyer and $2 million in profits per partner.<ref name="“AmLaw">{{cite news |title = Am Law 100 Analysis: The Superrich Firms Pull Away|last1 = Johnson|first1 = Chip|url = http://www.americanlawyer.com/id=1202724028829/Am-Law-100-Analysis-The-Superrich-Firms-Pull-Away|newspaper = [[The American Lawyer]]|date = 27 June 2015|accessdate = 22 November 2015}}</ref> ==See also== * [[List of 100 largest law firms by revenue]] * [[White shoe firms]] ==References== {{reflist|2}} ==External links== *{{official website|www.cadwalader.com}} *[http://www.natlawreview.com/organization/cadwalader-wickersham-taft-llp/ Firm Profile at the National Law Review ] {{DEFAULTSORT:Cadwalader, Wickersham and Taft}} [[Category:Law firms established in 1792]] [[Category:Law firms based in New York City]] [[Category:Law firms of the United States]] [[Category:Insolvency and corporate recovery firms]] [[Category:1792 establishments in New York (state)]]