, the firm was ranked the 85th-largest law firm in the world. BakerHostetler is a multidisciplinary firm with 11 practice groups and more than 55 areas of practice strength. In a 2005 survey by BTI Consulting Group, BakerHostetler was ranked among the top 24 firms considered to be the “Power Elite”, in terms of providing superior client satisfaction. In 2010, BakerHostetler represented Denbury Resources Inc., a member of the S&P 500, in a merger valued at $4.5 billion with Encore Acquisition Co.. 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. In 2014, intellectual property law firm Woodcock Washburn LLP merged with BakerHostetler, adding three offices in Philadelphia, Atlanta, and Seattle. 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.
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 $13 billion—about 70 percent of approved claims—by suing those who profited from the scheme, whether they knew of the scheme or not. 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 don’t get anything. Picard has successfully pursued not only investors, but spouses and estates of those who profited, such as the wife of Bernard 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. BakerHostetler has represented the William Jefferson Clinton Presidential Foundation's HIV/AIDS Initiative since 2003. Major League Baseball has been a longstanding client of BakerHostetler. On August 25, 2014, House Republicans hired BakerHostetler's David Rivkin to provide legal representation to sue President Obama over the Affordable Care Act.
In 2014, the law firm employed nearly 900 attorneys and had offices in 14 different markets including: New York, Washington, D.C., California, Illinois, Florida, Texas, Colorado, and Ohio.
