Perspective:
2024

What's inside

A high-level look at the key initiatives, ideas and successes uniting the Firm

A note from Heather

Chair

Welcome to Perspective: 2024, the reimagined annual review from White & Case. With its newly shortened format, we hope to give you a high-level view of the work we’ve done on behalf of our clients and the key themes shaping the global markets.

Throughout 2024, our focus remained on delivering exceptional results for our clients—helping them seize opportunities, navigate complexities and achieve major business wins. Whether advising on Jersey Mike’s sale to Blackstone, helping Calpine finance one of the largest battery storage systems in the US, or defending the government of Georgia against a US$1.5 billion arbitration claim, we were at our clients’ side through transformative deals, disputes and regulatory challenges. Thanks to the trust our clients place in us, we reached significant milestones as a Firm, including surpassing US$3 billion in revenue for the first time.

Perspective: 2024 kicks off with "Executive voices," a collection of three short videos featuring Dipen Sabharwal on what it means to be “truly global,” Carina Radford on the Firm’s industry expertise, and my own reflections on 2024 highlights and plans for 2025. In "Client successes," we spotlight ten standout achievements for clients including CVC, Deutsche Bank and Vantage Data Centers—matters that not only shaped businesses but also reflected broader global trends such as digital acceleration and sustainable development.

"By the numbers" provides a snapshot of the impact we’ve made over the past year, while "Better together" illustrates how we provided 360-degree support to global mining client Vale. Lastly, in "Pioneer spotlight," we hear from partner Ladan Stewart, who is helping clients navigate the fast-moving world of crypto and fintech.

I hope you enjoy reading and viewing.


Heather K. McDevitt, Chair

Executive voices

Leadership perspectives on topics that matter to clients

“A landmark year for the Firm”

Heather McDevitt

Heather shares 2024 highlights and the outlook for 2025

 

 


“We have a very high ceiling”

Dipen Sabharwal

Dipen talks about what it means to be "truly global"

 

 


“Board-level consultancy value”

Carina Radford

Carina discusses the Firm's focus on industry expertise

Client successes

Highlights of our work in 2024

Major wins for clients

From big deals to complex disputes, we advised on matters that helped move clients’ businesses forward

Abstract image of colorful, overlapping discs
© zhengshun tang / GettyImages

By the numbers

Stats that tell a story about the work we do

Firm snapshot

US$3.32 billion in annual revenue


Highest revenue growth by

Practice
Debt Finance +30%
Mergers & Acquisitions +16%
Commercial Litigation +14%
Antitrust/Competition +14%
Industry group
Sovereigns +24%
Technology +22%
Mining & Metals +20%
Private Equity +19%

Our lawyers worldwide

2,598total lawyers

698total partners


124nationalities

95languages spoken


Wherever clients need us

world map

6 continents

44offices

30countries

In 2024, we advised clients from
126
countries
on matters in
205
countries
Cross-border matters accounted for
52%
of revenue

Global accolades

67 Band 1 practice rankings
Chambers Global 2024
Public M&A Team of the Year
British Legal Awards 2024
13 #1 rankings
Bloomberg Capital Markets League Tables
Innovation in Generative AI Strategy
FT Innovative Lawyers North America Awards 2024

Better together

Providing 360-degree support to clients

Wherever, whenever: Supporting global mining giant Vale

Lawyers across nine practices, five industry groups and 18 offices advised Vale on 20 matters in 2024

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© Isidora Jakovljevic / GettyImages

Pioneer spotlight

Q&A with a partner helping White & Case gain strategic ground

Clearing the way for creative disruption

Ladan Stewart, the Firm's Global Head of Fintech, discusses current trends in crypto and the longer-term outlook for the industry

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© Denys Nevozhai / GettyImages

Photo by © Alla Pressmann / GettyImages
Abstract image of colorful, mirrored tiles

Colorful marbles

Wherever, whenever: Supporting global mining giant Vale

From Miami to Muscat, we worked as a tightly connected team to advance Vale's strategic goals

Article

2 min read

An eventful year

Nearly 180 lawyers advised on 20 matters for Vale in 2024, drawing on the expertise of:

9 practices: Antitrust/Competition | Capital Markets | Commercial Litigation | Debt Finance | Intellectual Property | International Trade | Mergers & Acquisitions | Project Development and Finance | White Collar/Investigations

5 industry groups: Energy | Financial Institutions | Infrastructure, Transportation & Logistics | Mining & Metals | Private Equity

18 offices: Brussels | Chicago | Frankfurt | Geneva | Hong Kong | Houston | London | Los Angeles | Luxembourg | Mexico City | Miami | Muscat | New York | Paris | Silicon Valley | Stockholm | Tokyo | Washington, DC

Custom, cross-border resourcing

Vale has been a White & Case client for approximately 25 years. As one of the world's largest mining and metals companies, it faces an array of multijurisdictional legal challenges that makes it a perfect fit for the Firm, and requires the support of multiple practices, industry groups and offices.

In 2024, we worked on 20 matters for Vale, including seven newly opened ones, advising on everything from financings and project development, M&A and commercial disputes, to regulatory and compliance matters and venture capital investments in pioneering early-stage startups. Much of our work was to advance Vale's strategic pursuit of low-carbon solutions and sustainable mining practices.

"Project Vittoria" embodies our strategic support and 360-degree service especially well. In December 2024, Vale and British multinational Anglo American completed a joint venture in which Vale acquired a 15 percent equity interest in Anglo American Minério de Ferro Brasil S.A., the owner and operator of the Minas-Rio iron ore mine in Brazil, one of the largest iron ore mines in the world. Vale made the purchase by exchanging its Serra da Serpentina iron ore assets and making a supplemental cash contribution.

The deal, which will support the growing demand for high-quality iron ore in low-carbon steelmaking, involved a team of lawyers from Houston, Miami, London, New York, Brussels and Washington, DC. Their expertise spanned practice groups including Mergers & Acquisitions, Project Development and Finance, Debt Finance, Tax and Antitrust. Lawyers from the Mining & Metals and Infrastructure, Transportation & Logistics industry groups were also heavily involved.

Building a sophisticated, global team like this is the only way to support a sophisticated, global client like Vale. Tightly connected regardless of time zone, we come together from across the Firm to support them on whatever they need, wherever they are, whenever they need it.


© Isidora Jakovljevic / GettyImages
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