Chairman's Outlook

Welcome to BakerHostetler’s Landscape – a periodic review of what’s happening at the firm, in the courts and in the business community. I am excited to share with you a few of the great things that our attorneys have accomplished over the past year on behalf of our clients.

Our commitment to client service has never been stronger. For the fifth consecutive year, BTI Consulting Group recognized BakerHostetler among the top 30 law firms in its annual Client Service A-Team report. December 2018 also marked an important milestone for the firm: the 10th anniversary of the unmasking of Bernard L. Madoff’s $19 billion Ponzi scheme. Partners Irving Picard, the court-appointed Trustee under the Securities Investor Protection Act for the liquidation of Bernard L. Madoff Investment Securities LLC; his chief counsel, David Sheehan; and their team have recovered more than $13 billion to date. The recovered funds, which are returned to victims of the scheme, represent more than 75 cents for every dollar stolen. This extraordinary and unprecedented success exceeds any prior restitution effort related to Ponzi schemes, both in terms of dollar value and percentage of stolen funds recovered.

This year also has been a record year for growth. Investment in our world-class privacy and data protection team continues to be a priority. In 2018 we added 20 lawyers to the team, bringing its total to more than 60, all focused on meeting the evolving needs of our clients. The team helped manage the response to more than 750 data security incidents last year, including some of the largest on record, and has been recognized by Law360 as a Practice Group of the Year for the fourth time.

I am enthusiastic about what is happening at BakerHostetler and optimistic about what is to come. We look forward to working with you and continuing our tradition of providing the highest quality of client service.

Please enjoy our Landscape.


Paul M. Schmidt