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White & Case

Hugh Verrier: CEO of White & Case

Hugh Verrier: CEO of White & Case

by AlexHales
July 1, 2022
in Business
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Hugh Verrier is the CEO of White & Case LLP. He is in charge of the strategy and operations of the Firm all over the world. Hugh had worked for White & Case for 38 years before becoming a partner in 1994. He was chosen to be on the Firm’s global management team in 2004. Since 2007, he has been the Chair of the Firm. Hugh was a lawyer who got his license in New York. He worked for White & Case for most of his career, mostly in Indonesia, Turkey, and Russia, where he focused on the development of natural resources.

Introduction:

introduction
Introduction

White & Case LLP is one of the biggest law firms in the world. In November 1999, it was ranked fifth on the list of fastest-growing firms in the world by the International Financial Law Review. This was based on its annual growth rate of about 20%. White & Case is different from most American law firms in that it has many offices overseas to serve its clients. Sending its associates abroad helped White & Case avoid layoffs in the early 1990s when many other large law firms let go of both associates and even partners to deal with the country’s economic slump. “International practice is at the core of our firm,” a spokesperson for White & Case said in a press release. The firm gives advice to clients on taxation, litigation, and other ways to settle disputes, acquisitions and mergers, privatization, intellectual property disputes, and almost every other area of the law. So, White & Case is a big part of the 21st-century economy, which is becoming more and more global.

History:

history
History

On May 1, 1901, two Wall Street lawyers, Justin DuPratt White, who was 31 at the time, and George B. Case, who was 28, each put up $250 (equivalent to $8,143 in 2021) to start the company.

In 2000, partner Duane Wall took charge of the business and oversaw its growth (especially in Europe). In June of that year, White & Case merged with the German firm Feddersen Laule Ewerwahn Scherzberg Finkelnburg Clemm. This made White & Case the first American company to join the “top ten” firms in Germany. In 2001, it also opened in Milan. On October 1, 2007, White & Case announced that its chairman, Hugh Verrier, would be leading a new team of leaders.

In 2010, White & Case started a Global Pro Bono Practice that focuses on access to justice, promoting the rule of law, and helping the world’s top non-governmental organizations.

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In 2020, the Global Competition Review (GCR) named the firm’s antitrust law practice as one of the top 5 Global Elite. In June 2020, the firm said that it had “poached” four Winston & Strawn specialists, Joel Rubinstein, Jonathan Rochwarger, Elliott Smith, and Daniel Nussen, to make itself a go-to law firm for special purpose acquisition companies (SPACs). 

Which Companies does White & Case Work for?

which-companies-does-white-and-case-work-for
Which Companies does White & Case Work for?

Some of the companies that did well after World War II was Seagram, Federal Paper Board, Detroit Edison, Heublein, and Lincoln National Life Insurance Company. After White died in 1939 and Case died in 1955, the firm was led for a long time by Joseph M. Hartfield. Hartfield had been working for White and Case since the beginning. In 1913, he was on their list of employees. He was one of the first Jewish lawyers to work on Wall Street. And he was one of only a few who did so at the time. He was also a colorful character, a flamboyant bachelor who had been called “the Colonel”. Since he was a young man in Kentucky. One lawyer at White & Case told author Paul Hoffman that Hartfield “was the best damned business-getter I ever saw” when talking about his time there. Hartfield died in 1964 at age 82. Doug Wright Holland & Knight  is also a Law Firm. It is Founded in United State. 

Why did White & Case be a Diverse Place?

“White & Case is a international global law firm, with people from many different countries who speak 88 different languages & work in 44 offices in 30 countries around the world. For White & Case, diversity and inclusion are not options; they are professional necessities. Over the years, we’ve been known as a top firm for diversity and for coming up with new ways to use best practices. But that’s not why we value our diversity. We value our diversity because it’s an important part of who we are and how we can best serve”

What Problems did White & Case face in the 1960s and 1970s?

In the 1960s, White & Case faced some problems in the U.S. as it worked on its plan to grow internationally. In September 1968, National Student Marketing (NSM) Corporation became a new client for White & Case. NSM was a new company that started in 1966 and was growing quickly. Its previous law firm, Covington and Burling, had dropped it without warning, saying that NSM’s management had lied and acted unethically in business dealings before and after the company went public in 1968.

Do You Know About Expansion in the 1980s & 1990s, when James Hurlock was In-charge?

do-you-know-about-expansion-in-the-1980s-and-1990s-when-james-hurlock-was-in-charge
Do You Know About Expansion in the 1980s & 1990s, when James Hurlock was In-charge?

In the 1980s, White & Case grew quickly. From 1986 to 1990, the number of lawyers at the firm went from 169 to 304. Which is an increase of 80 percent in just four years. In the same time period, the company’s total gross sales went from $77 million in 1986 to $144 million in 1989. White & Case associates’ starting salaries went from $66,000 in 1986 to $83,000 in 1990. This was a general trend as law firms competed for new law school graduates. Cherovsky’s study of New York law firms found that most of White & Case’s new lawyers came from Harvard, Columbia, and New York University’s law schools.

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