View source for Hughes Hubbard & Reed

{{Short description|American law firm}}
{{Use American English|date=April 2023}}
{{Use mdy dates|date=July 2022}}
{{Advert|date=April 2023}}{{Infobox law firm
| name = Hughes Hubbard & Reed LLP
| logo = [[File:HHR Logo-Stacked.png|frameless]]
| headquarters = New York, N.Y.
| num_offices = 7 (2 international)<ref name="auto">{{Cite web|url=https://www.law.com/law-firm-profile/?id=151&name=Hughes-Hubbard-&-Reed-LLP|title=Hughes Hubbard|website=Law.com}}</ref>
| num_attorneys = 218 (2023)<ref name="auto"/>
| num_employees = <!-- Total employees, including attorneys and staff -->
| practice_areas = General practice
| key_people = Theodore V.H. Mayer, Chair <ref>{{Cite web|url=https://www.hugheshubbard.com/attorneys/ted-mayer|title=Ted Mayer &#124; Partner at Hughes Hubbard & Reed|date=14 October 2021}}</ref>
| revenue = [[File:Green Arrow Up.svg|12px]] [[gross revenue]] $301 million [[United States dollar|USD]] (2022)<ref name="auto"/>
| date_founded =1888
| founder = Charles Evans Hughes<ref>{{Cite web |url=http://www.hugheshubbard.com/about/firmhistory/ |title=Firm history |access-date=2008-10-27 |archive-url=https://archive.today/20120903203745/http://www.hugheshubbard.com/about/firmhistory/ |archive-date=2012-09-03 |url-status=dead }}</ref>
| company_type = [[Limited liability partnership]]
| homepage = [http://www.hugheshubbard.com www.hugheshubbard.com]
| dissolved = <!-- Date/Reason the company dissolved, e.g., merger or bankruptcy -->
}}
'''Hughes Hubbard & Reed LLP '''is a multinational law firm headquartered in New York City with offices in the United States, France, and Japan.
==History==
The firm's history dates back to the late 19th century, when it counted among its partners future [[Chief Justice of the United States]] [[Charles Evans Hughes]]. Hughes Hubbard has practice areas in both the litigation and corporate fields.
===1871–1899===
* 1871 - In the wake of the [[Great Chicago Fire]], Chicago-based lawyer Walter S. Carter had so many claims to prosecute involving insurers bankrupted by the fire that he moved his office to New York City.  Faced with more business than he could personally handle, Carter tried hiring the most promising law students to help him and, in a departure from standard practice, paid these "associates" a salary.  One of them was then-future [[Chief Justice of the United States|Chief Justice of the Supreme Court]] [[Charles Evans Hughes]].{{fact|date=April 2023}}
* 1888 - Four years after joining the firm, then known as Chamberlain, Carter & Hornblower, Hughes was made partner, and the firm's name was changed to Carter, Hughes & Cravath.{{fact|date=April 2023}}
===1900–1999===
* 1910 - After four years as governor of New York, Hughes was appointed to the [[Supreme Court of the United States|Supreme Court]] by [[President of the United States|President]] [[William Howard Taft]].<ref name=":0">{{Cite web|url=https://www.thirteen.org/wnet/supremecourt/capitalism/robes_hughes.html|title=The Supreme Court . Capitalism and Conflict . Biographies of the Robes . Charles Evans Hughes &#124; PBS|website=thirteen.org}}</ref>
* 1916 - Hughes resigned from the Court to run for president against [[Woodrow Wilson]]. After he was defeated, Hughes rejoined his old partners and, with the exception of four years he served as [[United States Secretary of State|Secretary of State]] under President [[Warren G. Harding|Harding]], he remained a partner in the firm until 1930.<ref>{{Cite web|url=https://history.state.gov/departmenthistory/people/hughes-charles-evans|title=Charles Evans Hughes - People - Department History - Office of the Historian|website=history.state.gov}}</ref><ref name=":1">{{cite web|title=The remarkable career of Charles Evans Hughes|author=Scott Bomboy|url=https://constitutioncenter.org/blog/the-man-most-qualified-to-be-president-who-wasnt|website=Constitution Daily|date=April 11, 2018}}</ref>
* 1929 - [[Charles Evans Hughes, Jr.]] (1862–1948), also a partner in the firm, resigned to become [[US Solicitor General]].{{fact|date=April 2023}}
* 1930 - Hughes was appointed Chief Justice of the US Supreme Court.<ref name=":2">{{cite book |last1=Abraham |first1=Henry Julian |title=Justices, Presidents, and Senators: A History of the U.S. Supreme Court Appointments from Washington to Bush II |date=2008 |publisher=Rowman & Littlefield |isbn=9780742558953 |page=157–158}}</ref> Upon his father's appointment, Charles Evans Hughes, Jr. resigned from his position as Solicitor General and rejoined the firm as a partner.<ref name=":3">{{cite book |last1=Parrish |first1=Michael E. |title=The Hughes Court: Justices, Rulings, and Legacy |date=2002 |publisher=ABC-CLIO |isbn=9781576071977 |page=10}}</ref>
* 1937 - In June, the firm suddenly dissolved, due to what the media at the time reported was Charles Evans Hughes, Jr.'s desire to insulate his father from a political attack directed at one of Hughes, Jr.'s partners at the firm by [[Franklin D. Roosevelt|Roosevelt]]'s [[United States Secretary of the Treasury|Secretary of the Treasury]].  On June 10 of that year, Hughes, Richards, Hubbard & Ewing opened its offices at [[One Wall Street]], where it would remain for over 50 years.{{fact|date=April 2023}}
* In the 1960s, Hughes Hubbard started representing [[PricewaterhouseCoopers|Coopers & Lybrand]], culminating in its multibillion-dollar merger with [[PricewaterhouseCoopers|Price Waterhouse]]. Other clients who remained with the firm over multiple decades include [[Merck & Co.|Merck]], [[Broadcast Music, Inc.|BMI]], [[Continental Airlines]] (now [[United Airlines|United]]), and [[Viacom (2005–present)|Viacom]].{{fact|date=April 2023}}
* 1968 - The firm became Hughes Hubbard & Reed.<ref>{{cite web|title=A Storied Law Firm with a Strong History|url=https://www.hugheshubbard.com/culture/firm-history|website=Hughes Hubbard & Reed|accessdate=December 21, 2018}}</ref>
* In the 1970s, Hughes Hubbard defended [[Bristol-Myers Squibb|Bristol Myers]] in an antitrust case and [[Ford Motor Company]] in  Pinto fuel tank cases, which was the start of the firm's product liability practice.<ref>{{cite web|title=Making the Case for the Pinto|author=Reginald Stuart|url=https://www.nytimes.com/1979/12/16/archives/making-the-case-for-the-pinto.html|website=[[The New York Times]]|date=December 16, 1979}}</ref>
* In the 1990s, Hughes Hubbard represented musician [[Bob Marley]]'s widow against 11 people who alleged they were Marley's children and sought recovery from his estate.<ref>{{cite book| first= Timothy| last= White| year= 2008| title= Bob Marley: The life of the great reggae singer| publisher= Ediciones Robinbook|page= 404| isbn= 9788496222786}}</ref>
* 1999 - The firm elected Candace Beinecke as Chair of the firm, making her the first woman to lead a major New York City law firm.<ref>{{Cite web |url=http://www.hugheshubbard.com/about/about.asp?page=165003 |title=Hughes Hubbard and Reed : About Us |access-date=2006-04-11 |archive-url=https://web.archive.org/web/20060319185800/http://www.hugheshubbard.com/about/about.asp?page=165003 |archive-date=2006-03-19 |url-status=dead }}</ref>
===Since 2000===
* 2007 - Hughes Hubbard led the drafting of a $4.8 billion global settlement program to resolve over 99.9% of eligible [[Vioxx]] claims against its client Merck alleging heart attacks, ischemic strokes, and sudden cardiac death.<ref>{{cite web|title=Analysts See Merck Victory in Vioxx Settlement|author=Alex Berenson|url=https://www.nytimes.com/2007/11/10/business/10merck.html|website=The New York Times|date=November 10, 2007}}</ref>
* 2008 - Hughes Hubbard partner James Giddens was appointed trustee for the $123 billion liquidation of [[Lehman Brothers]], the largest bankruptcy in US history, and Hughes Hubbard was selected as his counsel. In the following years, Hughes Hubbard returned $110 billion to customers and general creditors.<ref name=":4">{{cite web|title=Hughes Hubbard's Long Lehman Brokerage Wind-Down Could End in 2019|author=Roy Strom |url=https://www.law.com/americanlawyer/2018/09/18/hughes-hubbards-long-lehman-brokerage-wind-down-could-end-in-2019/|website=[[The American Lawyer]]|date=September 18, 2018}}</ref>
* 2011 - Hughes Hubbard partner James Giddens was appointed trustee for the liquidation of [[MF Global]], the eighth-largest bankruptcy in US history, and Hughes Hubbard was selected as his counsel. In the following years, Hughes Hubbard distributed $8.1 billion and achieved a full recovery for former customers and secured creditors and a 95% recovery for unsecured creditors.<ref>{{cite web|title=MF Global to start $6.7 billion customer payout |url=https://www.cnbc.com/2014/04/03/mf-global-holdings-to-start-67-billion-payout-to-former-commodities-and-securities-customers.html|website=[[CNBC]]|date=April 3, 2014}}</ref>
* 2014 - Hughes Hubbard served as lead counsel to Merck in its acquisition of antibiotics maker [[Cubist Pharmaceuticals, Inc.|Cubist Pharmaceuticals]] for $9.5 billion.<ref name=":5">{{cite web|title=Merck Keeps Pharma M&A Flowing With $9.5B Cubist Pickup|author=Karlee Weinmann|url=https://www.law360.com/articles/602362/merck-keeps-pharma-m-a-flowing-with-9-5b-cubist-pickup|website=[[Law360]]|date=December 8, 2014}}</ref>
* 2015 - Hughes Hubbard represented Merck in a $3.8 billion deal to buy Idenix Pharmaceuticals, a biotechnology company.<ref>{{cite web|title=Merck (MRK) to Acquire Idenix Pharma (IDIX) for $24.50/Share |url=https://www.streetinsider.com/Guidance/Merck+%28MRK%29+to+Acquire+Idenix+Pharma+%28IDIX%29+for+%2424.50Share/9564107.html|website=StreetInsider|date=June 9, 2014}}</ref>
* 2017 - Hughes Hubbard convinced federal prosecutors and the [[U.S. Securities and Exchange Commission]] to drop all criminal and civil charges against two former [[JPMorgan Chase|JPMorgan]] traders, concluding the four-year “London Whale” case.<ref>{{Cite web |last=Belton |first=Beth |title=JPMorgan may pay $750m fine for 'whale' losses |url=https://www.usatoday.com/story/money/business/2013/09/16/jpmorgan-chase-may-pay-750-million-fine-for-whale-scandal/2822541/ |access-date=2024-03-15 |website=USA TODAY |language=en-US}}</ref>
* 2018 - Hughes Hubbard won the first of two arbitration proceedings at [[The Hague]] against the [[Russia|Russian Federation]], following its 2014 invasion and occupation of [[Crimea]]. In 2022, the Court of Appeals of The Hague upheld jurisdictional awards rendered in both cases.<ref>{{Cite web |title=Russia fails to quash jurisdictional awards in Crimea cases |url=https://globalarbitrationreview.com/article/russia-fails-quash-jurisdictional-awards-in-crimea-cases |access-date=2024-03-15 |website=globalarbitrationreview.com |language=en}}</ref>
* 2021 - Hughes Hubbard advised [[Grab (company)|Grab Holdings]] in its $40 billion merger with Altimeter Growth Corp. in the largest [[special-purpose acquisition company]] deal in the world to date.<ref>{{Cite web |date=2021-04-13 |title=Deal Diary: Skadden, Hughes Hubbard Handle Grab De-SPAC |url=https://pipeline.thedeal.com/article/28e9kbiknx8py58fsnx8g/deal-news/spacs/deal-diary-skadden-hughes-hubbard-handle-grab-de-spac |access-date=2024-03-15 |website=The Deal |language=en}}</ref>
* 2022 - Hughes Hubbard distributed final payout in the liquidation of [[Lehman Brothers]], which remained the largest bankruptcy case in the world.<ref>{{Cite web |last=Stempel |first=Jonathan |date=September 28, 2022 |title=After 14 years, Lehman Brothers' brokerage ends liquidation |url=https://www.reuters.com/markets/us/after-14-years-lehman-brothers-brokerage-ends-liquidation-2022-09-28/ |access-date=March 15, 2024 |website=Reuters}}</ref>
* 2023 - A Connecticut federal court tossed a [[United States Department of Justice]] criminal antitrust case, entering a judgment of acquittal for Hughes Hubbard client Harpreet Wasan immediately after the government rested.<ref>{{Cite news |last=Michaels |first=Dave |title=Judge Acquits Aerospace Executives Accused of Rigging Labor Market |url=https://www.wsj.com/articles/judge-acquits-aerospace-executives-accused-of-rigging-labor-market-4d3aaa07 |access-date=2024-03-15 |work=WSJ |language=en-US}}</ref>
== Rankings and reputation ==
According to the [[The National Law Journal|National Law Journal's]] 2023 NLJ 500 ranking of firms based on size, Hughes Hubbard & Reed has 218 attorneys and is ranked 195th in the United States.<ref>{{Cite web |title=The 2023 NLJ 500 |url=https://www.law.com/nationallawjournal/nlj-500/ |access-date=2024-03-15 |website=www.law.com}}</ref> The firm placed 136th on [[The American Lawyer|The American Lawyer's]] 2023 Am Law 200 ranking.<ref>{{Cite web |title=Top 200 US Law Firms - 2023 AM Law 200 |url=https://www.law.com/ |access-date=2024-03-15 |website=Law.com |language=en}}</ref> According to [[Law.com]], the firm’s current revenue-per-lawyer is $1,181,000.<ref>{{Cite web |title=law.com |url=https://www.law.com/law-firm-profile/?id=151&name=Hughes-Hubbard-&-Reed-LLP |access-date=2024-03-15 |website=www.law.com}}</ref>
==Notable people==
* [[George Davidson (attorney)|George Davidson]] (born 1942), former President of the [[Legal Aid Society]]
* [[Oscar R. Ewing]] (1889–1980), vice chairman of the [[Democratic National Committee]] (1942–1947), administrator of the [[Federal Security Agency]] (1947–1953), and adviser to [[President Harry S Truman]]
* [[Charles Evans Hughes]] (1862–1948), [[Governor of New York]] (1907–10), [[Associate Justice of the Supreme Court of the United States]] (1910–1916), [[US Secretary of State]] (1921–1925) and [[Chief Justice of the United States]] (1930–1941)
* [[Charles Evans Hughes, Jr.]] (1889–1950), [[US Solicitor General]] (1929–1930)
* [[Amalya Lyle Kearse]] (born 1937), Judge on the [[US Court of Appeals for the Second Circuit]] (1979–present)
* [[Howard Matz]] (born 1943), former judge on the [[US District Court for the Central District of California]] (1998–2011)
* [[Powell Pierpoint]] (1922–1998), [[General Counsel of the Army]] (1961–1963)
* [[Abraham David Sofaer]] (born 1938), former judge on the [[US District Court for the Southern District of New York]] (1979–1985), then a legal adviser to the [[US State Department]], before joining firm 1990–1999, and then a senior fellow at the [[Hoover Institution]] at [[Stanford University]]
* [[Mitchell Silk]], former [[Assistant Secretary of the Treasury]] during the Trump administration.
* [[James W. Treffinger]], former [[County Executive]] of [[Essex County, New Jersey]] (1995–2003)
* [[Tim Zagat]] (born 1940), restaurant critic
* [[Keisha A. McGuire]] (born 1982), [[Grenadian Permanent Representative to the United Nations]]
==References==
{{reflist}}
{{DEFAULTSORT:Hughes Hubbard and Reed}}
[[Category:Law firms based in New York City]]
[[Category:Law firms established in 1888]]