FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania. The company was founded by chemist John Bean in 1883 as the Bean Spray Pump Company in Los Gatos, producing piston pumps for insecticides. In 1928, Bean Spray Pump purchased two companies: the Anderson-Barngrover Sprague-Sells Co.. At this time the company changed its name to Food Machinery Corporation, began using the initials FMC. In 1941 the company FMC received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, afterwards the company continued to diversify its products. FMC produced the M113, one of the most used AFVs ever. FMC employs 7,000 people worldwide, had gross revenues of US$2.8 billion in 2017. Founded in 1883 as the Bean Spray Pump Company in Los Gatos, California by chemist John Bean; the company's first product was a piston pump. Bean invented the pump to spray insecticide on the many fruit orchards in the area. A Bean sprayer was on display at the Forbes Mill museum in Los Gatos until its closure in 2014.
Bean Avenue in downtown Los Gatos is named after John Bean. In 1928, Bean Spray Pump purchased two companies: the Anderson-Barngrover Sprague-Sells Co.. The Anderson-Barngrover Co. manufactured a sealed can rotary pressure sterilizer and the Sprague-Sells Co. manufactured canning machinery. At this time the company changed its name to Food Machinery Corporation, began using the initials FMC. FMC received a contract to design and build amphibious tracked landing vehicles for the United States War Department in 1941. FMC ranked 64th among United States corporations in the value of World War II military production contracts. In 1961, the U. S. Navy's Bureau of Ships issued bids for a high performance amphibious ship-to-shore cargo carrier capable of moving over water at 35 knots and over ground at the same speed, it had to carry five tons of cargo across water, through the surf, across the beach, inland. The vehicle had to be loaded and unloaded under combat conditions. FMC's Ordnance Division in San José, California built and tested two prototypes named "LVHX2 Landing Vehicle, Hydrofoil" for the U.
S. Marine Corps; these were the first amphibious landing vehicles to make use of hydrofoils for high speed ship-to-shore operation. Although the LVHX2 never went into production, the Marine Corps used the prototypes in their continuous research and development program to develop better equipment for amphibious assault operations. FMC built the M113 Armored Personnel Carrier, the Bradley Fighting Vehicle, the XR311 at its former facility in Santa Clara, California, it purchased the rights to manufacture some foreign military hardware, including the Brazilian EE-9 Cascavel, under license. Bean manufactured firefighting equipment in the 1960s through the 1980s under the FMC and the Bean names. In 1972, personnel were transferred from ordnance to building RVs; the oil crisis and high prices led production to end after five years. FMC produced fire truck fire pumps and pumper bodies, it had an original equipment manufacturer arrangement with Ladder Towers Inc. to market aerial ladders. In the early 1980s the fire apparatus division of FMC tried to expand its role in aerial ladders on fire trucks, leveraging the Link-Belt crane division.
FMC's expansion into production of aerial ladders failed: the FMC Fire Apparatus division was shut down in 1990. FMC sells chemical products used by beef and poultry processors to reduce pathogens, such as E. coli and salmonella, on uncooked beef and poultry. FMC obtained a patent on a method for sanitizing fowl that have been killed and eviscerated by contacting the fowl with an aqueous acid solution and maintaining that contact for a time sufficient to sanitize the fowl. In 1946, FMC bought Garden Equipment. FMC changed its name again in 1948, becoming Chemical Corporation. In 1961 the name was changed to FMC Corporation. In 1967, the FMC Corporation merged with the Link-Belt Company; the company produced FMC Link-Belt branded excavators. In 1986, the Link-Belt Construction Equipment Company was formed as a joint venture between FMC Corporation and Sumitomo Heavy Industries. Between 1965 and 1985 FMC was the owner of the Gunderson metal works in Springfield, Oregon USA, during that period it was known as the'Marine and Rail Equipment Division of FMC', it was sold in 1985 to The Greenbrier Companies.
In the 1980s, 1990s, 2000s, FMC Corporation began spinning several of its divisions into separate companies, including United Defense and FMC Technologies, selling its divisions, including its automotive division to Snap-on Equipment, a division of Snap-on, in 1996. Snap-on renamed the division the "John Bean Company". Bolens was sold to Troy-Bilt in 1988. In 2001, FMC spun off its energy and food equipment businesses into a separate company named FMC Technologies. In 2006 FMC Corporation celebrated 75 years being listed on the New York Stock Exchange. Pierre Brondeau was named President and Chief Executive Officer succeeding William G. Walter, effective January 1, 2010. Brondeau had been with Dow Chemical and prior to that Haas. A former FMC site in San Jose, California is the location for Avaya Stadium, a new soccer stadium for the San Jose Earthquakes. In 2015, FMC completed the sale of its Alkali Chemicals business and acquisition of Cheminova, a multinational crop protection company, which aligns with the company’s corporate strategy to focus its portfolio on agriculture and nutrition end markets, lithium technologies.
FMC Corporation operated a phosphate mine and plant in Idaho on the Fort Hall Reservation of the federally recog
The Pep Boys: Manny, Moe & Jack is an American automotive aftermarket retail and service chain. They are referred to as the "founders of the automotive aftermarket". Named Pep Auto Supply Company, the Company was founded in Philadelphia, Pennsylvania in 1921 by Emanuel Rosenfeld, Maurice L. Strauss, W. Graham Jackson, Moe Radavitz. Headquartered in the Philadelphia neighborhood of East Falls, Pep Boys provides name-brand tires, automotive maintenance and repair and expert advice for the do-it-yourselfer, commercial auto parts delivery, fleet maintenance and repair to customers across the U. S. with Just Brakes, its wholly owned subsidiary. Pep Boys operates more than 8,300 service bays in over 930 locations in Puerto Rico; the original "Pep Boys" were Emanuel "Manny" Rosenfeld, Maurice "Moe" Strauss, Graham "Jack" Jackson, Moe Radavitz, four friends who, in August 1921, chipped in $200 apiece to open a single auto parts store. They dubbed it Pep Auto Supply Company after noticing a shipment of Pep Valve grinding compound on the shelves.
The name of the company emerged in pieces. “The Pep Boys” came from a policeman who worked near the store: Every time the officer stopped a car for driving without lights during nighttime hours, he would tell the driver, "Go see the boys at Pep" for a replacement oil wick. A few years on a trip to California, Moe Strauss noticed that many successful West Coast businesses used their owners' first names. One he liked in particular was a dress shop called "Minnie and Mabel's"; as soon as Strauss returned to Philadelphia, the Company’s name was changed to "The Pep Boys – Manny, Moe & Jack". ). Soon, the partners had commissioned the Manny and Jack caricatures that still serve as the company's logo; when Jackson left in 1925, his caricature was replaced with that of Isadore Strauss. In 1929, Izzy Strauss left to form his own auto supply business in Brooklyn, Strauss Stores, which merged with Roth & Schlenger Home and Auto to form R&S Strauss, the ancestor of Strauss Discount Auto known as Strauss Auto, which closed its doors on June 4, 2012.
The company name's reference to "Jack" remained unchanged. No further changes were made to the logo until 1990; the Great Depression struck in 1929, but Manny and Moe had not incurred business debts other than reasonable mortgages on store properties. Pep Boys was thereby insulated from the severe downturn. Although unemployment rates reached 40 percent in some areas and Moe did not lay off employees or cut salaries during the Depression. Instead, they added employees as part of an expansion. In 1933, Manny's brother, Murray Rosenfeld, opened the first West Coast Pep Boys store as part of a separate company named The Pep Boys - Manny, Moe & Jack of California and managed the Western operations. Within three years, Pep Boys of California had opened 11 stores. In 1945, Pep Boys went public, Manny Rosenfeld became the company's first corporate president, a position he held until his death in 1959. Moe Strauss served as president from 1960 to 1973 and remained chairman of the board of directors until his death in 1982.
In 1986, Mitch Leibovitz became the first non-founding family member to be named company president. Manny's grandson, Stuart Rosenfeld, Pep Boys' vice president of distribution, is the only founding family member in company management; the Strauss and Rosenfeld families continued to control one-fifth of the company's stock until the early 1990s. By 1969, the number of Pep Boys stores grew to 124. Service bays and service managers were added to each store. In the 1970s, all stores had self-serviced merchandising and a computerized inventory system was in use. In the 1980s came aggressive growth. Pep Boys moved to the New York Stock Exchange and enjoyed rapid expansion with the introduction of the “supercenter.” The store count grew to more than 700 and the company had more than 3,000 service bays. It generated more than $2 billion in annual sales. In the 1990s, growth continued with the opening of stores in Puerto Rico. In January 2003 Mitch Leibovitz announced his retirement. Larry Stevenson, from the Canadian book retailer Chapters, was named CEO that year and served until pressured by the company's two largest shareholders to resign in July 2006.
In March 2007, Jeffrey C. Rachor was named CEO. In April 2008, Pep Boys Chief Operating Officer Michael “Mike” R. Odell became Interim CEO with the resignation of Jeff Rachor. In September 2008, Odell was named CEO. In October 2009, Pep Boys acquired tire retailer Florida Tire; the acquisition gave Pep Boys ten tire centers in the Orlando market. In March 2011, Pep Boys acquired seven stores from tire retailer Big O Tires; the acquisition gave Pep Boys service and tire centers in Washington State, in the Pacific Northwest. In May 2011, Pep Boys acquired tire retailer Big 10 Tires; the acquisition gave Pep Boys an additional 84 service and tire centers in Alabama and Georgia, including concentrations around Atlanta and Orlando. In June 2011, Pep Boys acquired seven locations from automotive repair company My Mechanic; the acquisition gave Pep Boys additional locations in the Houston, Texas metropolitan area. In January 2012, Pep Boys announced that it had agreed to be acquired by The Gores Group, a Los Angeles-based private equity investment company, for $15 per share, or $1 billion.
But four months in May 2012, it was announced that the deal had fallen through. In September 2013, Pep Boys acquired 18 Discount Tire Centers in
Crown Holdings Incorporated Crown Cork & Seal Company, is an American company that makes metal beverage and food cans, metal aerosol containers, metal closures and specialty packing. Founded in 1892, it is headquartered in Pennsylvania; as of December 2012, Crown employs 21,900 people at 149 plants in 41 countries. It claims to manufacture one out of every five beverage cans used in the world, one out of every three food cans used in North America and Europe; the company is ranked No. 338 in the Fortune 500 list for 2017 and is number one in the packaging and container industry for the same list. William Painter, an Irish-born American, invented the crown cap for bottled carbonated beverages in 1891, obtained patents 468,226 and 468,258 for it on February 2, 1892, he founded his own manufacturing business, the Crown Cork and Seal Company, in Baltimore and set out on a campaign to convince bottlers that his cap was the right one to use on their products. By 1898, he had created a foot-powered crowner device to sell to bottlers and retailers so that they could seal the bottles with his caps and easily.
This helped gain acceptance of his bottle caps. By 1906, Crown had opened manufacturing plants in Brazil, Germany and the United Kingdom. In 1927, after a merger with New Process Cork Company, Crown Cork and Seal Company was established in New York City. Crown Cork International Corporation was established in the subsequent year in order to assist subsidiaries engaged in bottle crown and other cork business outside the United States. By the 1930s Crown was selling half of the world’s supply of bottle caps. Crown entered the tin can business in 1936 with the purchase of the Acme Can Company of Philadelphia, which led to the creation of the Crowntainer, a funnel-shaped beer can, the following year. To address market changes after World War I and Prohibition, Crown focused on soft drinks. During World War II, Crown produced war products such as the Kork-N-Seal, the Pour-N-Seal, the Merit Seal, as well as gas mask canisters. John Connelly took over presidency of the company and moved the headquarters from Baltimore to Philadelphia in the late 1950s.
In 2003, Crown restructured as a public holding company. In 2005 and 2006 Crown exited the plastics industry with the sale of its Global Plastic Closure and its cosmetics packaging businesses. Americas Division: Headquartered in Philadelphia, PA, serves North and South America, with 46 plants and 5,600 employees which produce aerosol, beverage and specialty packaging, as well as metal closures. European Division: Headquartered in Zug and serves Europe and the Middle East with 71 plants and 11,200 employees which produce aerosol, beverage and specialty packaging, as well as metal closures. Asia Pacific Division: Headquartered in Singapore, serves Asia Pacific with 32 plants, 4,300 employees with aerosol and food packaging, as well as metalclosures. Crown cork King C. Gillette, was inspired while working as a salesman for Crown Cork and Seal to create a disposable product, the safety razor blade Official website William Painter, inventor of the Crown Cap
Finance is a field, concerned with the allocation of assets and liabilities over space and time under conditions of risk or uncertainty. Finance can be defined as the art of money management. Participants in the market aim to price assets based on their risk level, fundamental value, their expected rate of return. Finance can be split into three sub-categories: public finance, corporate finance and personal finance. Matters in personal finance revolve around: Protection against unforeseen personal events, as well as events in the wider economies Transference of family wealth across generations Effects of tax policies management of personal finances Effects of credit on individual financial standing Development of a savings plan or financing for large purchases Planning a secure financial future in an environment of economic instability Pursuing a checking and/or a savings account Personal finance may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance and saving for retirement.
Personal finance may involve paying for a loan, or debt obligations. The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are: Financial position: is concerned with understanding the personal resources available by examining net worth and household cash flows. Net worth is a person's balance sheet, calculated by adding up all assets under that person's control, minus all liabilities of the household, at one point in time. Household cash flows total up all from the expected sources of income within a year, minus all expected expenses within the same year. From this analysis, the financial planner can determine to what degree and in what time the personal goals can be accomplished. Adequate protection: the analysis of how to protect a household from unforeseen risks; these risks can be divided into the following: liability, death, disability and long term care. Some of these risks may be self-insurable, while most will require the purchase of an insurance contract.
Determining how much insurance to get, at the most cost effective terms requires knowledge of the market for personal insurance. Business owners, professionals and entertainers require specialized insurance professionals to adequately protect themselves. Since insurance enjoys some tax benefits, utilizing insurance investment products may be a critical piece of the overall investment planning. Tax planning: the income tax is the single largest expense in a household. Managing taxes is not a question of if you will pay taxes, but when and how much. Government gives many incentives in the form of tax deductions and credits, which can be used to reduce the lifetime tax burden. Most modern governments use a progressive tax; as one's income grows, a higher marginal rate of tax must be paid. Understanding how to take advantage of the myriad tax breaks when planning one's personal finances can make a significant impact in which can save you money in the long term. Investment and accumulation goals: planning how to accumulate enough money – for large purchases and life events – is what most people consider to be financial planning.
Major reasons to accumulate assets include purchasing a house or car, starting a business, paying for education expenses, saving for retirement. Achieving these goals requires projecting what they will cost, when you need to withdraw funds that will be necessary to be able to achieve these goals. A major risk to the household in achieving their accumulation goal is the rate of price increases over time, or inflation. Using net present value calculators, the financial planner will suggest a combination of asset earmarking and regular savings to be invested in a variety of investments. In order to overcome the rate of inflation, the investment portfolio has to get a higher rate of return, which will subject the portfolio to a number of risks. Managing these portfolio risks is most accomplished using asset allocation, which seeks to diversify investment risk and opportunity; this asset allocation will prescribe a percentage allocation to be invested in stocks, bonds and alternative investments.
The allocation should take into consideration the personal risk profile of every investor, since risk attitudes vary from person to person. Retirement planning is the process of understanding how much it costs to live at retirement, coming up with a plan to distribute assets to meet any income shortfall. Methods for retirement plans include taking advantage of government allowed structures to manage tax liability including: individual structures, or employer sponsored retirement plans and life insurance products. Estate planning involves planning for the disposition of one's assets after death. There is a tax due to the state or federal government at one's death. Avoiding these taxes means that more of one's assets will be distributed to one's heirs. One can leave one's assets to friends or charitable groups. Corporate finance deals with the sources of funding and the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, the tools and analysis used to allocate financial resources.
Although it is in principle different from managerial finance which studies the financial management of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms. Corporate f
Chief executive officer
The chief executive officer or just chief executive, is the most senior corporate, executive, or administrative officer in charge of managing an organization – an independent legal entity such as a company or nonprofit institution. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and some government organizations; the CEO of a corporation or company reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc. In the early 21st century, top executives had technical degrees in science, engineering or law; the responsibility of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's legal structure.
They can be far-reaching or quite limited and are enshrined in a formal delegation of authority. Responsibilities include being a decision maker on strategy and other key policy issues, leader and executor; the communicator role can involve speaking to the press and the rest of the outside world, as well as to the organization's management and employees. As a leader of the company, the CEO or MD advises the board of directors, motivates employees, drives change within the organization; as a manager, the CEO/MD presides over the organization's day-to-day operations. The term refers to the person who makes all the key decisions regarding the company, which includes all sectors and fields of the business, including operations, business development, human resources, etc; the CEO of a company is not the owner of the company. In some countries, there is a dual board system with two separate boards, one executive board for the day-to-day business and one supervisory board for control purposes. In these countries, the CEO presides over the executive board and the chairman presides over the supervisory board, these two roles will always be held by different people.
This ensures a distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority; the aim is to prevent a conflict of interest and too much power being concentrated in the hands of one person. In the United States, the board of directors is equivalent to the supervisory board, while the executive board may be known as the executive committee. In the United States, in business, the executive officers are the top officers of a corporation, the chief executive officer being the best-known type; the definition varies. In the case of a sole proprietorship, an executive officer is the sole proprietor. In the case of a partnership, an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company, executive officer is any manager, or officer. A CEO has several subordinate executives, each of whom has specific functional responsibilities referred to as senior executives, executive officers or corporate officers.
Subordinate executives are given different titles in different organizations, but one common category of subordinate executive, if the CEO is the president, is the vice-president. An organization may have more than one vice-president, each tasked with a different area of responsibility; some organizations have subordinate executive officers who have the word chief in their job title, such as chief operating officer, chief financial officer and chief technology officer. The public relations-focused position of chief reputation officer is sometimes included as one such subordinate executive officer, but, as suggested by Anthony Johndrow, CEO of Reputation Economy Advisors, it can be seen as "simply another way to add emphasis to the role of a modern-day CEO – where they are both the external face of, the driving force behind, an organisation culture". In the US, the term chief executive officer is used in business, whereas the term executive director is used in the not-for-profit sector; these terms are mutually exclusive and refer to distinct legal duties and responsibilities.
Implicit in the use of these titles, is that the public not be misled and the general standard regarding their use be applied. In the UK, chief executive and chief executive officer are used in both business and the charitable sector; as of 2013, the use of the term director for senior charity staff is deprecated to avoid confusion with the legal duties and responsibilities associated with being a charity director or trustee, which are non-executive roles. In the United Kingdom, the term director is used instead of chief officer". Business publicists since the days of Edward Bernays and his client John D. Rockefeller and more the corporate publicists for Henry Ford, promoted the concept of the "celebrity CEO". Business journalists have adopted this approach, which assumes that the corporate achievements in the arena of manufacturing, wer
Hong Kong the Hong Kong Special Administrative Region of the People's Republic of China and abbreviated as HK, is a special administrative region on the eastern side of the Pearl River estuary in southern China. With over 7.4 million people of various nationalities in a 1,104-square-kilometre territory, Hong Kong is the world's fourth most densely populated region. Hong Kong became a colony of the British Empire after Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842; the colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War, was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The entire territory was transferred to China in 1997; as a special administrative region, Hong Kong's system of government is separate from that of mainland China and its people identify more as Hongkongers rather than Chinese. A sparsely populated area of farming and fishing villages, the territory has become one of the world's most significant financial centres and commercial ports.
It is the world's seventh-largest trading entity, its legal tender is the world's 13th-most traded currency. Although the city has one of the highest per capita incomes in the world, it has severe income inequality; the territory has the largest number of skyscrapers in most surrounding Victoria Harbour. Hong Kong ranks seventh on the UN Human Development Index, has the sixth-longest life expectancy in the world. Although over 90 per cent of its population uses public transportation, air pollution from neighbouring industrial areas of mainland China has resulted in a high level of atmospheric particulates; the name of the territory, first spelled "He-Ong-Kong" in 1780 referred to a small inlet between Aberdeen Island and the southern coast of Hong Kong Island. Aberdeen was an initial point of contact between local fishermen. Although the source of the romanised name is unknown, it is believed to be an early phonetic rendering of the Cantonese pronunciation hēung góng; the name translates as "fragrant harbour" or "incense harbour".
"Fragrant" may refer to the sweet taste of the harbour's freshwater influx from the Pearl River or to the odor from incense factories lining the coast of northern Kowloon. The incense was stored near Aberdeen Harbour for export. Sir John Davis offered an alternative origin; the simplified name Hong Kong was used by 1810 written as a single word. Hongkong was common until 1926, when the government adopted the two-word name; some corporations founded during the early colonial era still keep this name, including Hongkong Land, Hongkong Electric and Shanghai Hotels and the Hongkong and Shanghai Banking Corporation. The region is first known to have been occupied by humans during the Neolithic period, about 6,000 years ago. Early Hong Kong settlers were a semi-coastal people who migrated from inland and brought knowledge of rice cultivation; the Qin dynasty incorporated the Hong Kong area into China for the first time in 214 BCE, after conquering the indigenous Baiyue. The region was consolidated under the Nanyue kingdom after the Qin collapse, recaptured by China after the Han conquest.
During the Mongol conquest, the Southern Song court was located in modern-day Kowloon City before its final defeat in the 1279 Battle of Yamen. By the end of the Yuan dynasty, seven large families had settled in the region and owned most of the land. Settlers from nearby provinces migrated to Kowloon throughout the Ming dynasty; the earliest European visitor was Portuguese explorer Jorge Álvares, who arrived in 1513. Portuguese merchants established a trading post called in Hong Kong waters, began regular trade with southern China. Although the traders were expelled after military clashes in the 1520s, Portuguese-Chinese trade relations were reestablished by 1549. Portugal acquired a permanent lease for Macau in 1557. After the Qing conquest, maritime trade was banned under the Haijin policies; the Kangxi Emperor lifted the prohibition, allowing foreigners to enter Chinese ports in 1684. Qing authorities established the Canton System in 1757 to regulate trade more restricting non-Russian ships to the port of Canton.
Although European demand for Chinese commodities like tea and porcelain was high, Chinese interest in European manufactured goods was insignificant. To counter the trade imbalance, the British sold large amounts of Indian opium to China. Faced with a drug crisis, Qing officials pursued ever-more-aggressive actions to halt the opium trade; the Daoguang Emperor rejected proposals to legalise and tax opium, ordering imperial commissioner Lin Zexu to eradicate the opium trade in 1839. The commissioner destroyed opium stockpiles and halted all foreign trade, forcing a British military response and triggering the First Opium War; the Qing ceded Hong Kong Island in the Convention of Chuenpi. However, both countries did not ratify the agreement. After over a year of further hostilities, Hong Kong Island was formally ceded to the United Kingdom in the 1842 Treaty of Nanking. Administrative infrastructure was built up by early 1842, but piracy and hostile Qing policies towards Hong Kong prevented the government from attracting merchants.
The Taiping Rebellion, when many wealthy Chinese fled mainland turbulence and settled in the colon
Dechert LLP is an international law firm of more than 900 lawyers with practices in corporate and securities, complex litigation and real estate, financial services and asset management. It was founded in Philadelphia and is registered as a limited liability partnership under Pennsylvania law. On the 2018 AmLaw Global 200 survey, Dechert ranked as the 43rd highest grossing law firm in the world; the firm's first predecessor, MacVeagh & Bispham, was formed in 1875 by Wayne MacVeagh and George Tucker Bispham. MacVeagh served as United States Ambassador to Turkey, Bispham authored the treatise "Principles of Equity,", considered the definitive work on the subject at the time. MacVeagh went on to become United States Attorney General under President James Garfield, United States Ambassador to Italy in 1893. Bispham went on to become a professor at University of Pennsylvania Law School in 1884; the MacVeagh & Bispham's successor merged with another Philadelphia law firm, Smith & Clark, in 1942. After undergoing several more name changes, the firm became known as Dechert.
Dechert has been recognized among the top 10 U. S. law firms for pro bono work in The American Lawyer's Pro Bono Survey, an annual report which rates the nation's 200 highest grossing law firms based on their level of pro bono activity. The report confirmed. In August 2014, Dechert received the American Bar Association Pro Bono Publico Award. Harvey Bartle III, chief judge of the United States District Court Eastern District of Pennsylvania Joseph S. Clark, mayor of Philadelphia and United States senator for Pennsylvania Q. Todd Dickinson, former Under Secretary of Commerce for Intellectual Property Glenn Fine, former inspector general for the U. S. Department of Justice Miriam González Durántez, head of international trade practice Paul G. Haaga, Jr. vice chairman of Capital Research and Management Company, a constituent company of the Capital Group Companies David N. Kelley, former United States Attorney and Deputy U. S. Attorney for the United States District Court for the Southern District of New York Edward A. McDonald, portrayed himself as a federal prosecutor in Martin Scorsese's "Goodfellas" Mary A. McLaughlin, judge for the United States District Court Eastern District of Pennsylvania Lisa Scottoline, New York Times best-selling author Norma Levy Shapiro, first woman partner and retired judge for the United States District Court Eastern District of Pennsylvania Arlen Specter, United States senator for Pennsylvania Scooter Libby, chief of staff to Vice President Dick Cheney Cheryl Ann Krause, United States Circuit Judge of the United States Court of Appeals for the Third Circuit Steven Engel, deputy assistant attorney general in the Office of Legal Counsel under George W. Bush and United States Assistant Attorney General for the Office of Legal Counsel in the Donald Trump administration Dechert LLP official website Profile from LexisNexis Martindale-Hubbell