Dechert LLP

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Dechert LLP is an international law firm of more than 900 lawyers with top-ranked practices in corporate and securities, complex litigation, finance and real estate, and financial services and asset management. Dechert has offices throughout the United States, Europe, Asia and the Middle East. It was founded in Philadelphia and is registered as a limited liability partnership under Pennsylvania law. The firms first predecessor was formed in 1875 by Wayne MacVeagh and George Tucker Bispham. MacVeagh had previously served as United States Ambassador to Turkey, and went on to become United States Attorney General under President James Garfield and also United States Ambassador to Italy during the 1890s. Bispham was made a professor at University of Pennsylvania Law School in 1884. Another future U.S. Attorney General, Francis Biddle, also a professor at the University of Pennsylvania Law School, joined the firm in 1916. In its early years, the firm represented a number of banks, railroads, and coal companies. During World War II, the firm lost many of its attorneys to the war effort, and combined with another Philadelphia-based law firm, Dechert, Smith & Clark, which had been founded in 1930. The firm began creating specialized practice groups shortly after the war. After a series of name changes in the early 1960s, the firm decided not to change its name whenever its most senior partners retired or died; it remained Dechert, Price & Rhoads for several decades thereafter.


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