BakerHostetler

{{short description|American law firm}}

{{Infobox law firm

| name = BakerHostetler

| logo = BakerHostetler logo.svg

| headquarters = Cleveland, Ohio, U.S.

| num_offices = 17{{Cite web|url=https://www.bakerlaw.com/offices/|title=Office Locations|access-date=2020-08-03|archive-date=2020-08-07|archive-url=https://web.archive.org/web/20200807093019/https://www.bakerlaw.com/offices|url-status=live}}

| num_attorneys = 1,000{{Cite web|url=https://www.vault.com/company-profiles/law/baker-hostetler-llp|title = BakerHostetler | Company Profile}}

| num_employees =

| key_people = Paul M. Schmidt

Chairman{{cite web

|url = http://bakerlaw.com/Aboutus/FirmLeadership

|title = About us - Facts

|accessdate = 2018-12-31

|year = 2018

|publisher = BakerHostetler

|archive-date = 2014-01-08

|archive-url = https://web.archive.org/web/20140108024431/http://www.bakerlaw.com/Aboutus/FirmLeadership

|url-status = live

}}

| revenue = $732 million (2020){{Cite web|url=https://www.law.com/americanlawyer/2020/04/21/the-2020-am-law-100-ranked-by-gross-revenue/|title = The 2020 Am Law 100: Ranked by Gross Revenue}}

| date_founded = {{Start date and age|1916}}

| founder = Newton D. Baker,{{cite encyclopedia

|url = http://ech.case.edu/ech-cgi/article.pl?id=BND

|title = Baker, Newton Diehl

|accessdate = 2007-02-05

|date = 1997-07-11

|encyclopedia = Encyclopedia of Cleveland History

|publisher = Case Western Reserve University

|archive-date = 2006-09-09

|archive-url = https://web.archive.org/web/20060909200412/http://ech.case.edu/ech-cgi/article.pl?id=BND

|url-status = live

}} Joseph C. Hostetler,

{{cite encyclopedia

| url = http://ech.case.edu/ech-cgi/article.pl?id=HJC1

| title = Hostetler, Joseph C.

| accessdate = 2007-02-05

| date = 1997-07-18

| encyclopedia = Encyclopedia of Cleveland History

| publisher = Case Western Reserve University

}} Thomas L. Sidlo

{{cite encyclopedia

| url = http://ech.case.edu/ech-cgi/article.pl?id=STL

| title = Sidlo, Thomas L.

| accessdate = 2007-02-05

| date = 1997-07-22

| encyclopedia = Encyclopedia of Cleveland History

| publisher = Case Western Reserve University

}}

| company_type = Limited liability partnership

| homepage = [http://www.bakerlaw.com/ www.bakerlaw.com]

| dissolved =

}}

BakerHostetler is an American law firm founded in 1916. One of the firm's founders, Newton D. Baker, was U.S. Secretary of War during World War I, and former Mayor of Cleveland, Ohio.

History

{{As of|2019||alt=In 2019}}, the firm was ranked the 73rd-largest law firm in the world.{{Cite web|url=https://www.law.com/americanlawyer/2019/09/24/the-2019-global-100-ranked-by-head-count/|title=The 2019 Global 100: Ranked by Head Count|access-date=2020-09-17|archive-date=2020-08-15|archive-url=https://web.archive.org/web/20200815173959/https://www.law.com/americanlawyer/2019/09/24/the-2019-global-100-ranked-by-head-count/|url-status=live}} BakerHostetler is a multidisciplinary firm with six core practice groups—Business, Digital Assets and Data Management, Intellectual Property, Labor and Employment, Litigation, and Tax. In a 2020 survey by BTI Consulting Group, BakerHostetler was ranked among the top 30 firms considered to be the “Elite Member of the Client Service A-Team”, in terms of providing superior client satisfaction.{{Cite web|url=https://bticonsulting.com/bti-client-service-a-team-2020-survey-of-law-firm-client-service-performance#client30|title=BTI Client Service A-Team 2020: Survey of Law Firm Client Service Performance}}

In 2010, BakerHostetler represented Denbury Resources (NYSE: DNR), a member of the S&P 500, in a merger valued at $4.5 billion with Encore Acquisition Co. (NYSE: EAC). The transaction created one of the largest oil-focused independent exploration and production companies in North America. As a result of this and other similar deals, BakerHostetler was ranked among the top 10 U.S. law firms for merger and acquisition deals in the oil, gas, and oilfield service industries for the period January 2009-First Quarter 2010 per The Deal magazine. The firm is generally known for counseling and representing clients in the hospitality, healthcare, financial services, media, energy, sports, and technology fields.{{cite web|title=Profile of Professional Organization Contributors Baker Hostetler|url=http://www.natlawreview.com/organization/baker-hostetler|publisher=The National Law Forum, LLC|work=The National Law Review|date=2012-04-15|access-date=2013-01-08|archive-date=2011-11-22|archive-url=https://web.archive.org/web/20111122055918/http://www.natlawreview.com/organization/baker-hostetler|url-status=live}}

In 2014, intellectual property law firm Woodcock Washburn LLP merged with BakerHostetler, adding three offices in Philadelphia, Atlanta, and Seattle.{{cite web|title=A Whole New Look for Some Law Firms in 2014|url=https://blogs.wsj.com/law/2014/01/02/a-whole-new-look-for-some-law-firms-in-2014/|publisher=The Wall Street Journal|work=The Wall Street Journal Law Blog|date=2014-01-02|accessdate=2014-01-02|archive-date=2014-01-05|archive-url=https://web.archive.org/web/20140105030716/http://blogs.wsj.com/law/2014/01/02/a-whole-new-look-for-some-law-firms-in-2014/?|url-status=live}}

In 2016, the firm announced it was using IBM's Watson, named "ROSS", to assist attorneys in their bankruptcy practice. Other law firms had signed agreements with ROSS, but BakerHostetler was the first to announce the use of the artificial intelligence-based service.{{cite news |last=Beck |first=Susan |url=http://futurism.com/artificially-intelligent-lawyer-ross-hired-first-official-law-firm/ |title=AI Pioneer ROSS Intelligence Lands Its First Big Law Clients |work=The American Lawyer |date=2016-05-06 |access-date=2016-05-12 |archive-date=2016-05-12 |archive-url=https://web.archive.org/web/20160512120749/http://futurism.com/artificially-intelligent-lawyer-ross-hired-first-official-law-firm/ |url-status=live }}

In 2020, the firm formed its sixth practice group, the Digital Assets and Data Management Practice group, to address the lifecycle of data. The practice group's formation signaled the importance of "data" to the practice of law and the clients the firm represents.{{cite magazine|author=Dan Packel|date=January 16, 2020|url=https://www.bakerlaw.com/webfiles/Privacy/2020/Articles/DADMAmLawReprint.pdf

|title=BakerHostetler Reshuffles Practice Groups, Signaling Data's Dominance|magazine=The American Lawyer}}

Major clients

BakerHostetler, through partner Irving Picard and his team, has been overseeing the liquidation of Bernard Madoff’s firm in bankruptcy court, and has so far recovered over $14 billion{{Cite news|date=2019-12-09|title=High Court Seeks U.S. Input on $3 Billion Bid by Madoff Trustee|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2019-12-09/high-court-seeks-u-s-input-on-3-billion-bid-by-madoff-trustee|access-date=2021-01-08|df=mdy-all|archive-date=2020-10-09|archive-url=https://web.archive.org/web/20201009220009/https://www.bloomberg.com/news/articles/2019-12-09/high-court-seeks-u-s-input-on-3-billion-bid-by-madoff-trustee|url-status=live}}—about 70 percent of approved claims—by suing those who profited from the scheme, whether they knew of the scheme or not.{{cite web | last=Larson | first=Erik | last2=Cannon | first2=Christopher | title=Madoff’s Victims Are Close To Getting Their $19 Billion Back | website=Bloomberg.com | date=2018-12-08 | url=https://www.bloomberg.com/graphics/2018-recovering-madoff-money/ | access-date=2025-01-21 | archive-date=2018-12-09 | archive-url=https://web.archive.org/web/20181209185447/https://www.bloomberg.com/graphics/2018-recovering-madoff-money/ | url-status=live }} Kathy Bazoian Phelps, a bankruptcy lawyer at Diamond McCarthy, said "That kind of recovery is extraordinary and atypical," as clawbacks in such schemes range from 5 percent to 30 percent, and many victims receive nothing. Picard has successfully pursued not only investors, but spouses and estates of those who profited, such as the wife of Bernard Madoff (Ruth Madoff), the widow and estate of the deceased Stanley Chais, and the estate of the deceased Jeffry Picower and Picower's widow Barbara, with whom he reached a $7.2 billion settlement (the largest civil forfeiture payment in US history).{{cite web | title=Record-Setting Madoff Settlement Announced with Picower Estate | website=The Am Law Daily | date=2010-12-17 | url=https://amlawdaily.typepad.com/amlawdaily/2010/12/picowersettlement.html | access-date=2025-01-21 | archive-date=2023-04-26 | archive-url=https://web.archive.org/web/20230426161312/https://amlawdaily.typepad.com/amlawdaily/2010/12/picowersettlement.html | url-status=live }}{{cite web | last=Frank | first=Allan Dodds | title=Payday for Madoff Victims | website=The Daily Beast | date=2010-12-18 | url=https://www.thedailybeast.com/dollar72-billion-picower-settlement-payday-for-madoff-victims/ | access-date=2025-01-21 | archive-date=2024-08-06 | archive-url=https://web.archive.org/web/20240806181120/https://www.thedailybeast.com/dollar72-billion-picower-settlement-payday-for-madoff-victims | url-status=live }}

BakerHostetler represents the Official Committee of Tort Claimants, the official committee representing the interests of over 70,000 victims of Northern California wildfires in the chapter 11 reorganization of Pacific Gas and Electric Company and PG&E Corporation. PG&E is the largest bankruptcy case ever filed in California{{Cite web|date=2019-10-09|title=PG&E loses exclusive control of its bankruptcy recovery plan|url=https://www.latimes.com/business/story/2019-10-09/pge-bankruptcy-reorganization-plan-judge|access-date=2021-01-08|work=Los Angeles Times|df=mdy-all|archive-date=2021-01-23|archive-url=https://web.archive.org/web/20210123123052/https://www.latimes.com/business/story/2019-10-09/pge-bankruptcy-reorganization-plan-judge|url-status=live}} and the sixth largest case ever filed in the United States.{{Cite web|last=Desjardins|first=Jeff|date=2019-06-25|title=The 20 Biggest Bankruptcies in U.S. History|url=https://www.visualcapitalist.com/the-20-biggest-bankruptcies-in-u-s-history/|access-date=2021-01-08|website=Visual Capitalist|df=mdy-all|archive-date=2021-01-25|archive-url=https://web.archive.org/web/20210125140144/https://www.visualcapitalist.com/the-20-biggest-bankruptcies-in-u-s-history/|url-status=live}}

Major League Baseball has been a longstanding client of BakerHostetler.{{cite web|url=http://www.bakerlaw.com/aboutus/marketleaderprofiles/majorleaguebaseball/ |title=Baker Hostetler | About Us | Market Leader Profiles | Major League Baseball |access-date=2010-06-29 |url-status=dead |archive-url=https://web.archive.org/web/20100514002639/http://www.bakerlaw.com/aboutus/marketleaderprofiles/majorleaguebaseball/ |archive-date=2010-05-14|df=mdy-all}}

On August 25, 2014, House Republicans hired BakerHostetler's David Rivkin to provide legal representation to sue President Obama over the Affordable Care Act.{{cite web|url=https://www.huffingtonpost.com/2014/08/25/house-gop-obama-lawsuit_n_5711131.html|title=David Rivkin Hired As House GOP Lawyer For Obama Lawsuit|first=Alex|last=Lazar|date=25 August 2014|publisher=Huff Post|access-date=24 September 2018|archive-date=8 November 2018|archive-url=https://web.archive.org/web/20181108181133/https://www.huffingtonpost.com/2014/08/25/house-gop-obama-lawsuit_n_5711131.html|url-status=live}}

BakerHostetler represented Switzerland-based oil trading firm Paramount Energy & Commodities SA.{{cite web|url=https://www.ft.com/content/c99e8c04-ec5a-4e84-bae3-19fda48c661f|title=Two companies, one trade: the switch that keeps Putin’s oil flowing|date=20 March 2023|publisher=FT|access-date=9 June 2023|archive-date=22 May 2023|archive-url=https://web.archive.org/web/20230522141338/https://www.ft.com/content/c99e8c04-ec5a-4e84-bae3-19fda48c661f|url-status=live}} Paramount fired BakerHostetler in May 2023 and subsequently sued the law firm, alleging that partner Jeffrey Berg committed legal malpractice by vouching for Gaurav Srivastava, an Indian businessman who claimed to be a CIA operative. BakerHostetler is then alleged to have committed professional misconduct by refusing to return confidential client files to Paramount.{{Cite news |last=Thomas |first=David |date=2024-05-08 |title=Sanctioned oil trader sues US law firm over alleged fake CIA program |url=https://www.reuters.com/legal/legalindustry/sanctioned-oil-trader-sues-us-law-firm-over-alleged-fake-cia-program-2024-05-08/#:~:text=BakerHostetler%20then%20committed%20professional%20misconduct,asked%20for%20unspecified%20monetary%20damages. |url-status=live |archive-url=https://web.archive.org/web/20240820163557/https://www.reuters.com/legal/legalindustry/sanctioned-oil-trader-sues-us-law-firm-over-alleged-fake-cia-program-2024-05-08/ |archive-date=2024-08-20 |access-date=2024-08-20 |work=Reuters}}

In 2015, lawyers of the firm acted on behalf of Prevezon, a company linked with relatives of senior Russian officials, and attempted to subpoena Bill Browder into revealing extensive information on his attempts to advance the Magnitsky act.{{cite book |last1=Browder |first1=Bill |title=Freezing order: a true story of money laundering, murder and surviving Vladimir Putin's wrath |date=2022 |publisher=Simon & Schuster UK Ltd |location=London New York Sydney Toronto New Delhi |isbn=9781398506077}}

=Other notable clients=

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Lawyers and locations

In 2020, the law firm employed nearly 1000 attorneys and had offices in 17 different markets including: New York City, Washington, D.C., California (Los Angeles, San Francisco, Costa Mesa), Colorado (Denver), Delaware (Wilmington), Florida (Orlando), Georgia (Atlanta), Illinois (Chicago), Pennsylvania (Philadelphia), Texas (Dallas, Houston), Ohio (Columbus, Cleveland, Cincinnati), and Washington (Seattle).

Notable attorneys

References