Vault Guide to the Top 100 Law Firms, 2018 Edition.pdf

A legacy of leadership in 1951 harvard law grads bob

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strong in Asian market dealings. A Legacy of Leadership In 1951, Harvard law grads Bob Hastings, Lee Paul and Leonard Janofsky pooled their ambition to form a new firm in Los Angeles. They divided the workload three ways: Janofsky handled employment law matters, Paul dealt with litigation, and Hastings managed business law. In 1962, Charles Walker joined the trio as a partner, adding his name to the masthead and establishing a tax practice. Walker took a brief sojourn from the firm in the 1970s to accept a position in the Ford adminis- tration as Assistant Secretary of the Treasury for Tax Policy but soon returned to his tax work at the firm. Only One Way to Grow In 1974 the firm opened a second office in Orange County; locations in Atlanta, Washington DC, New York, and Connecti- cut followed. During the 1980s, Paul Hastings ventured into the world of venture capital transactions, working from offices in Los Angeles, Costa Mesa, and Santa Monica. The firm grew over the next few decades organically, rather than merging or acquiring other firms. Also in the 1970s, the firm expanded into cross-border work, helping Japanese clients set up U.S. operations. The firm made its first official overseas debut in Tokyo in 1988—thanks to the efforts of partner Kaoruhiko Suzuki—and then landed in London in 1997. The firm also looked to the east coast, bulking up its New York office and developing strengths in the fields of software litigation, intellectual property, and entertainment. For All Your Employment Needs In the 1990s, Paul Hastings reorganized its practice around five core specialties: real estate, business, employment, litiga- tion, and tax. Of these, employment was considered the firm’s greatest strength. Paul Hastings’ expertise in this field dated back to the firm’s beginnings and the reputation developed by founding partner Leonard Janofsky, who was the first employment lawyer to serve as president of the American Bar Association. In the 2000s, Paul Hastings merged and reorganized to continue its growth overseas. It combined with Chinese firm Koo and Partners in 2002, gaining offices in Hong Kong and Beijing, and then opened another location in Shanghai the fol- lowing year. After building a presence in Paris, Brussels, and Milan, the firm set its sights on Frankfurt through a merger with local firm Smeets Haas Wolff. In the 2010s, Paul Hastings con- tinued to expand to meet clients demands, opening new offices in Houston and Seoul. Adapting to the Times Over the years, the firm has represented Hitachi, JP Morgan, Barclays Capital, Mitsubishi, Wells Fargo Capital Finance, Delta Power, Morgan Stanley, and Six Flags. The firm’s client list spans more than a dozen industries, including aircraft finance and leasing, energy, development and construction, health care, franchise and distribution, government affairs, hotels and resorts, investment management, real estate, life sciences, IT and eCommerce, OSHA, sports, telecommunications and media, and securities finance and capital markets. To keep up with client demands during the global financial crisis, Paul
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