Business sets the pace in a global order marked by risk and fragmentation
As governments grapple with regulation and national security priorities, the private sector has stepped into the breach
2023 was a year of change for White & Case, as I stepped into the role of Chair and my predecessor, Hugh Verrier, completed his successful 16-year tenure. The Firm began a new chapter well positioned for continued growth. This review highlights many of the achievements and pioneering initiatives that took place throughout the year.
As the world became increasingly fragmented, we focused on the global connections that matter to our clients. We collaborated across borders, providing integrated services and maintaining the strong personal and professional bonds that make a difference, particularly in uncertain times.
Our work on high-stakes deals, disputes and pro bono matters placed us at the center of industry trends related to energy transition, finance, technology and more. We contributed to the conversation on these issues, publishing insights that included a comprehensive report on the future of globalization. Our report, A world of clubs and fences: Changing regulation and the remaking of globalization, puts forward a new conceptual model to understand cross-border interconnectedness in a time of sweeping legal and regulatory changes.
We also increased our ability to serve clients, promoting 46 new partners and welcoming 36 lateral partners. We continued to find innovative solutions that enhance client services and foster efficiency. And as generative AI continues to make headlines, we developed tools that will enable us to embrace its possibilities, while carefully managing its risks.
Looking ahead, White & Case enters its next phase with a solid foundation and an ambitious growth plan that will keep us at the forefront of the rapidly changing legal industry. I look forward to what we and our clients will accomplish together in the coming years.
Guest speakers at Firm events share views on timely topics
As governments grapple with regulation and national security priorities, the private sector has stepped into the breach
Our learned behavior and ideas about work may keep us from operating at our best
By uniting industry participants who may seem to have divergent interests, the Global Battery Alliance is paving the way for a sustainable battery supply chain
Developments that reshaped the world
The war in Ukraine and high energy prices challenged energy transition timetables, but governments and investors were determined to stay the course
M&A and debt market activity declined in 2023, as high interest rates and macroeconomic dislocation saw increasingly cautious dealmakers and lenders put deployment on hold
Growth and investment in generative artificial intelligence (GenAI) lifted the technology sector after a slowdown in transaction activity throughout 2023, but regulatory challenges loomed large
The relatively free cross-border flow of goods, capital, information and people that have characterized globalization for decades is being replaced by regulatory "clubs" and "fences"
Highlights of our work in 2023
Our achievements position us for success
US$2.95 billion in revenue
2,559 total lawyers
1,291EMEA
998Americas
271Asia-Pacific
1,220US-qualified lawyers
550English-qualified lawyers
In markets around the world, White & Case earned many of the legal industry’s top accolades
White & Case is committed to fair and ethical operations that respect the interests of our stakeholders and recognize the importance of protecting our environment. Our Responsible Business Subcommittee leads environmental, social and governance (ESG) and sustainability efforts across our global operations.
As a signatory to the UN Global Compact, we affirm our commitment to doing business responsibly by aligning our operations with the Compact’s ten principles on human rights, labor, the environment and anti-corruption. Our most recent Communication on Progress outlines the steps we are taking to continue to embed these principles into our Firm’s operations.
Our latest Environmental Sustainability Report includes information on our sustainable operations, scope 1, 2 and 3 greenhouse gas emissions data, and our most recent Environmental Management Systems survey. Highlights from 2023 include:
Committed to advancing diversity and inclusion across the Firm
11 global affinity networks
Our 11 affinity networks foster a sense of community among the Firm’s Black, Asia-Pacific, Latinx/Hispanic, Middle Eastern and North African, minority ethnic and LGBTQ+ lawyers, business services professionals and their allies. Each network sets its own agenda, initiatives and goals, which are specific to the issues it considers most important. Affinity networks create and enhance awareness of these groups within the Firm and its larger culture, drive community and connection across our global offices, and support their members with career and professional development opportunities.
24 local women’s networks
Our 24 local women’s networks are active in 40 offices across the Americas, EMEA and Asia-Pacific. These networks foster professional development and mentoring activities. They also provide a forum for our lawyers and business services professionals to share perspectives and create programs to support and retain our women while fostering and promoting gender equity.
42% of the Firm’s global management
50% of the Executive Committee
21% of other leadership roles
36% of our 2023 global partner promotions
25% of global Partnership
43% of our lawyers
42% of our lawyers self-identify as of color
7% of our lawyers self-identify as LGBTQ+
4% of our lawyers self-identify with disabilities
28% of our partners self-identify as of color
3% of our partners self-identify as LGBTQ+
4% of our partners self-identify with disabilities
32% of our lawyers self-identify as of color
10% of our lawyers self-identify as LGBTQ+
4% of our lawyers self-identify with disabilities
13% of our partners self-identify as of color
5% of our partners self-identify as LGBTQ+
2% of our partners self-identify with disabilities
125nationalities
92languages spoken
Our commitment to diversity and inclusion is recognized by leading publications and alliance organizations
White & Case women gather to build connections and advance career opportunities
6 continents
44offices
30countries
An internal guide addresses 20 areas of legislation in four Asia-Pacific countries
A transformative technology enables new ways of working
Photo by © ASF - Architect Simone Forconi
iBridge, an interactive pedestrian bridge submitted for a design competition. Sensors on the floor of the bridge allow it to transform pedestrian and cycling traffic into usable energy.
When OpenAI released to the public ChatGPT 3.5, a natural language processing chatbot driven by generative artificial intelligence (Gen AI) technology, its ability to analyze and generate human-like responses to user prompts made it obvious that this technology could revolutionize the way we work and access information. Since then, our clients have reached out to us to discuss their, and our, methods of using Gen AI to bring efficiencies to their matters.
We are taking a measured approach. Tools using Gen AI have the potential to build on existing legal technology that incorporates machine learning and natural language processing, technologies we have used for nearly a decade. The promise of being more user-friendly, delivering better and faster results, learning the user’s style and preferences, and analyzing data for trends will better inform legal strategies and deliver legal services more efficiently. However, Gen AI technologies require consideration of issues including accuracy, bias, interpretability and security. As a result, we are carefully managing these concerns as we determine the best way to incorporate Gen AI into our business.
To address the security concerns surrounding public chatbots, in 2023, we invested in a secure platform that allows us to deploy PrivateAI, a smaller, legally trained large language model that can be used with confidential data, including for work with clients and their data, and for our confidential work product. We are one of the very few law firms with this capability. We have sole control over PrivateAI and the data it uses.
In 2023, we enabled our people to use public chatbots, including GPT-4 Turbo, for tasks that do not involve confidential Firm or client information, and to share their feedback with us. We now provide access to GPT-4 Turbo through a Firm interface. Moreover, given the accuracy and security considerations with respect to public chatbots, we have established policies and trainings to ensure that GPT-4 Turbo is used only as a supportive tool, not a primary resource.
Our people have used Gen AI for a variety of client tasks. For example, one of our partners asked a team member to edit a lengthy memo analyzing a new regulation using ChatGPT. In mere minutes, ChatGPT transformed the memo into a concise, actionable summary of the impact of the new regulation on the sector. Another partner, who was working on a time-sensitive litigation matter, asked an associate—with client permission—to use ChatGPT first to translate evidentiary text written in a foreign language and then to categorize that information, which ChatGPT did in a few minutes.
These are just two examples of how this new technology can provide a better work product and improve efficiency. The number of tasks that can be assisted by Gen AI is hard to quantify, but the possibilities for leveraging this powerful technology are endless. We believe these tools will transform the way we work in many ways, which is why we have invested in advancing our understanding of Gen AI and enabling its use, albeit in a secure way.
Photo by © Shulz / GettyImages
A wavy pattern created using 3D glass