Debevoise & Plimpton
Debevoise & Plimpton is a New York-based law firm founded in 1931 by Eli Whitney Debevoise and William Stevenson. Known for M&A, private equity, insurance, litigation and white-collar defense, it has worked on matters including the defense of Alger Hiss, the Ford Motor Company IPO and the Chrysler rescue.
Contents16 sections
Key facts
1931–1936Founding in New York
In 1931 Eli Whitney Debevoise and William Stevenson, two associates at the New York firm Davis Polk & Wardwell, set up their own partnership, first named Debevoise & Stevenson; Francis Plimpton joined two years later, and in 1936 Robert G. Page became the fourth name partner, with the firm renamed Debevoise, Stevenson, Plimpton & Page.[1][2][1][1]
Early on the firm took work from large firms such as Davis Polk and Sullivan & Cromwell, and Phelps Dodge became its first corporate client; in 1932 it handled bankruptcy work for Kreuger & Toll, and it represented Southwestern Bell Telephone Company in one of the first public stock offerings under the new Securities Act of 1933. During the Depression it handled reorganizations of several railroads and utilities, and from 1937 it handled private securities placements for insurers such as John Hancock, which became a prominent part of its practice.[1][1][1][1][1][1][1]
1943–1948Merger and American Airlines
In 1943 the firm merged with Hatch, McLean, Root & Hinch, reaching 13 lawyers and 19 by the end of 1944; from 1947 it was known as Debevoise, Plimpton & McLean. In 1948 American Airlines, moving its headquarters from Washington to New York, hired the firm as general counsel and remained a client for decades.[1][1][1][1][1]
1948–1950The Alger Hiss Case
In the early Cold War, partner Edward C. McLean defended former State Department official Alger Hiss, in what firm historian D. Bret Carlson called the most publicized matter ever handled by the firm. In 1948 Whittaker Chambers accused Hiss of passing government documents to the Soviet Union in the 1930s; Hiss was never convicted of espionage but was convicted of perjury, a conviction variously dated to 1949 and 1950.[1][1][1][2]
1951–1964Partners in Public Service and the Ford IPO
After World War II the firm’s standing rose with its partners’ roles in government and business: Page became president of Phelps Dodge in 1947; Debevoise served as counsel to the U.S. high commissioner for West Germany from 1951 and as acting deputy high commissioner in 1952 and 1953; Stevenson served as U.S. ambassador to the Philippines and later as president of Oberlin College; and in the 1960s Presidents Kennedy and Johnson appointed Plimpton as an ambassador to the United Nations.[1][1][1][1][1]
In 1956 the firm represented the Ford Foundation in the first public offering of Ford Motor Company stock, which firm historian George Lindsay called the largest financing to that time; Debevoise engineered Ford’s transition from a family property to a widely held public company. In 1959 the firm became general counsel to First National City Trust Company, which administered the pension fund of its affiliated bank, later renamed Citibank. It also represented the Rockefeller family in matters including the transition of the Rockefeller Institute into Rockefeller UniversityThe Rockefeller UniversityThe Rockefeller University is a biomedical research university on Manhattan’s Upper East Side in New York City, devoted mainly to scientific research and graduate education; it grew out of the Rockefeller Institute for Medical Research founded by John D. Rockefeller.Open the full entry. In 1964 it opened a Paris office.[1][1][2][1][1][1]
1976–1982First Woman Partner, the Chrysler Rescue and a New Name
In 1976 Barbara Robinson became the firm’s first woman partner. In 1980 the firm agreed to serve as Chrysler’s lead counsel: after the 1973 oil embargo American buyers turned to small, fuel-efficient foreign cars, and Chrysler lost market share, built up unsold inventory and accumulated more than 400 loans, while Congress passed a 1979 law guaranteeing loans to the company. The firm’s partners, helped by more than a quarter of its associates, guided Chrysler through the federal law, restructured its old loans and secured new ones, ultimately helping it avoid bankruptcy.[1][1][1][1][1][1][1]
1990Death of Eli Whitney Debevoise
1992–1999Cutbacks, Internationalization and Internet Cases
During the early-1990s downturn the firm’s lawyer headcount fell from 397 in 1992 to 376 in 1993. It opened its first Asian office, in Hong Kong, in 1994, formally opened a Moscow office in December 1997 and closed its Los Angeles and Budapest offices. From 1994 it helped CompuServe with U.S. Patent and Trademark Office rules on online intellectual property, and it represented The New York Times, Time Inc. and Newsday in Tasini v. New York Times, a case on publishers’ rights to distribute work online.[1][1][1][1][1][1]
In 1999 the firm advised on more than 135 mergers and acquisitions worth more than $435 billion, including Chrysler’s $38 billion merger with Germany’s Daimler-Benz. Based on that year’s gross revenue of $269 million, The American Lawyer ranked it the 37th-largest U.S. law firm, with revenue per lawyer of $670,000, 13th nationally.[1][1][1][1]
2011–2022Michael Blair as Presiding Partner
Michael Blair became presiding partner in 2011. Under his leadership the firm opened a San Francisco office in 2021 to serve Bay Area technology and private equity clients, and over the eleven years through 2022 it doubled its annual revenue and increased net income by more than 150 percent.[3][3][3]
December 2019Sackler Family Legal Fees
In December 2019 Purdue Pharma disclosed in its bankruptcy that it had paid more than $17.5 million in legal fees on behalf of Sackler family members to more than a dozen law firms, including Debevoise. The firm’s senior chair, former Securities and Exchange Commission chair Mary Jo White, had advised Sackler family members on claims that OxyContin marketing contributed to the opioid crisis.[4][4][5][5]
July 1, 2022Peter Furci Becomes Presiding Partner
In April 2022 the firm announced that Blair, who had reached the partnership’s mandatory retirement age, would retire at year-end, with tax partner Peter Furci and real estate partner Nicole Mesard succeeding him and deputy presiding partner Bruce Yannett as presiding partner and deputy presiding partner; Yannett continued to chair the white collar and regulatory defense group, and Mary Jo White remained senior chair. The two took office on July 1, 2022; Furci joined the firm in 1995 and made partner in 2003, and Mesard joined in 2001 and made partner in 2008.[3][3][3][3][6][6][6]
May 2024Investigating Student Protest Complaints for Columbia University
In May 2024 Columbia University used a group of mostly junior Debevoise lawyers, acting as “interim hearing officers,” to investigate student misconduct complaints connected to pro-Palestinian campus protests, including complaints filed by and against students; the protests had led to more than 100 arrests and several lawsuits. Neither Columbia nor Debevoise responded to requests for comment. At the time Debevoise had reported more than $1.3 billion in gross revenue for the prior year, ranking among the 40 largest U.S. law firms.[5][5][5][5][5][5]
June 2025Creating a Non-Equity Partner Tier
April 2026Sharp Growth in London Revenue
Current Status
As of October 2026 Debevoise & Plimpton has more than 900 lawyers in nine offices, in New York, Washington, San Francisco, London, Paris, Frankfurt, Luxembourg, Hong Kong and Shanghai, and in the past year advised on matters in more than 90 countries. In August 2026 it was again named to The American Lawyer’s U.S. A-List, the only firm to appear on the list every year since it was established.[9][9][10][10][10][10][11]
Related Organizations, Websites, and Public Accounts
Debevoise & Plimpton: Official website: https://www.debevoise.com/ (opens in a new window).[1]
Sources
- Debevoise & Plimpton (opens in a new window)
- Eli Whitney Debevoise; Law Firm Represented Alger Hiss (opens in a new window)
- Debevoise Announces New Leadership; Names Peter Furci as Presiding Partner and Nicole Mesard as Deputy Presiding Partner (opens in a new window)
- Debevoise Dominates Sackler Family Fees Stemming From Opioid Scandal (opens in a new window)
- Columbia Hires Wall Street Lawyers for Student Protest Probes (opens in a new window)
- Peter Furci and Nicole Mesard Assume New Leadership Roles as Presiding Partner and Deputy Presiding Partner of Debevoise (opens in a new window)
- Debevoise Joins Most Rivals in Creating Non-Equity Partner Tier (opens in a new window)
- Debevoise boosts City revenues by 41% as PEP breaks $6m (opens in a new window)
- Overview (opens in a new window)
- Locations (opens in a new window)
- Debevoise Ranked in The American Lawyer’s 2026 “A-List” (opens in a new window)