Baker & Hostetler

What Baker & Hostetler does

Baker & Hostetler LLP (operating as BakerHostetler) is a national U.S. law firm founded in 1916 in Cleveland, Ohio. As of 2026 the firm employs more than 1,000 attorneys across 18 U.S. offices and is organized into six core practice groups: Business, Digital Assets and Data Management, Intellectual Property, Labor and Employment, Litigation, and Tax. The firm serves primarily corporate and business clients, with concentrated verticals in healthcare, financial services, and energy, delivering services through relationship-driven engagements initiated by direct attorney outreach, professional referrals, and thought leadership.

The firm's product surface is dominated by professional legal services rather than software, but it has built technology-enabled offerings on top of third-party platforms. BakerHostetler has a multi-year partnership with vLex to deploy the Vincent AI legal research platform across all 18 offices via deep API integration, and a partnership with Opus 2 for AI-enabled matter management and client collaboration. Proprietary offerings include the IncuBaker emerging technologies practice (legal tech consulting, recognized as a Financial Times Top 25 Innovative Firm in 2024) and the annual Data Security Incident Response (DSIR) Report, which analyzes more than 1,250 cybersecurity incidents managed by the Digital Assets and Data Management Practice Group.

BakerHostetler generates revenue through traditional law firm billing, including hourly rates, fixed fees for defined matters, retainers, and alternative fee arrangements such as success fees. The firm does not publicly disclose revenue. It is best known for serving as court-appointed counsel to the SIPA Trustee in the Bernard L. Madoff investment securities liquidation, having recovered more than $15.456 billion for BLMIS customers with allowed claims as of June 2026, alongside ongoing representation of corporate clients across M&A, regulatory compliance, litigation, and employment matters.

Name

Baker & Hostetler

Legal name

Baker & Hostetler LLP

Website

https://bakerlaw.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Baker & Hostetler is a national U.S. law firm founded in 1916 with 1,000+ attorneys across 18 offices, serving corporate, healthcare, and financial services clients across six core practice groups, including litigation, M&A, digital assets, and tax.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Offices of Lawyers (541110)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Family & Private Client (Trusts & Estates) Law (BPAHAAAK)

akta.pro secondary industry

Litigation Support & Expert Witness Services (BPAHALAG)

Keywords

• Legal services
• Corporate law
• Litigation services
• Intellectual property law
• Tax advisory

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Legal Professional Services: Traditional law firm billing model providing legal representation, counsel, and advisory services to corporate clients, businesses, and individuals. Revenue generated through attorney time billing, retainer arrangements, fixed-fee arrangements for defined matters, and alternative fee arrangements including success fees for certain matters.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Baker & Hostetler is a national law firm providing full-service legal representation across corporate transactions, litigation, regulatory compliance, employment matters, intellectual property, tax, and real estate. The firm delivers specialized legal counsel through six core practice groups (Business, Digital Assets and Data Management, Intellectual Property, Labor and Employment, Litigation, and Tax), serving corporate clients, healthcare organizations, financial institutions, and individuals across 17 U.S. offices with over 1,000 attorneys.

Product overview

Baker & Hostetler is a national law firm (1,000+ attorneys across 18 offices) organized around six core practice groups: Business, Digital Assets and Data Management, Intellectual Property, Labor and Employment, Litigation, and Tax. Rather than a unified software product, the firm offers legal services enhanced by technology partnerships and proprietary research. Key technology-enabled offerings include the annual DSIR (Data Security Incident Response) Report covering cybersecurity incident analysis, IncuBaker emerging technologies consulting services, and integration of third-party AI platforms (vLex Vincent for legal research, Opus 2 for deal collaboration). The firm's technology differentiation rests on its Data Assets and Data Management practice's incident response expertise and its partnership ecosystem rather than proprietary software products.

Differentiator

Problem solved

Functional benefit

Brands

• IncuBaker: Legal tech services optimizing processes, reducing costs and boosting efficiency through operationalizing regulatory requirements, mitigating risk, and adding business value for privacy management, automation, software selection, data analytics and more. Named a 'TOP 25 Innovative Firm' by Financial Times in 2024.
• Data Security Incident Response Report (DSIR)

Products and services

• Business Practice Group

Quantifiable outcome

• Over $15 billion in client recoveries and positive outcomes in major legal matters

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• vLexcoreTechnology or IntegrationPartnership with vLex provides AI-powered legal research capabilities to BakerHostetler attorneys, enhancing the firm's legal research efficiency and comprehensive coverage across jurisdictions. The integration supports the firm's commitment to technology-enabled legal service delivery.
• Opus 2coreTechnology or IntegrationOpus 2 provides an AI-enabled platform for matter management, document collaboration, and case administration. The partnership supports BakerHostetler's litigation and transaction practices with advanced collaboration tools for complex matters.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Latham & Watkins: Global BigLaw firm of comparable scale (~3,000+ lawyers) with similarly broad practice groups including corporate, litigation, IP, and tax. Direct competitor for large-cap M&A, complex litigation, and Fortune 500 engagements where BakerHostetler also competes.
• Hogan Lovells: Global firm with strong healthcare, life sciences, and regulatory practices that overlap with BakerHostetler's healthcare and financial services verticals. Competes for similar enterprise mandates.
• Kirkland & Ellis: Largest law firm by revenue globally, with deep practices in private equity, M&A, and complex litigation. Competes with BakerHostetler on high-stakes corporate matters, restructuring, and intellectual property litigation.
• DLA Piper: Global full-service firm with broad corporate, litigation, and regulatory practices. Competes with BakerHostetler in middle-market M&A and cross-border transactions, though with much larger international footprint.
• Skadden, Arps, Slate, Meagher & Flom: Premier U.S. law firm traditionally strong in M&A, corporate transactions, and litigation — directly competing with BakerHostetler for mid-market and large-cap corporate work.
• Sidley Austin: Major U.S. law firm with overlapping practice areas in healthcare, financial services, and litigation. Direct competitor for enterprise clients seeking sophisticated regulatory and transactional counsel.
• Jones Day: Cleveland-headquartered global firm with comparable size (~2,500+ lawyers) and a similar mix of corporate, litigation, and regulatory practices. Most direct peer given shared Ohio roots and similar full-service, partner-led model.
• Eversheds Sutherland: Global full-service firm with comparable practice areas (corporate, litigation, tax, IP) and similar client focus on regulated industries. Competes with BakerHostetler for enterprise and institutional work.
• Reed Smith: U.S.-headquartered full-service firm of comparable scale (~1,500+ lawyers) with similar industry focus on healthcare, financial services, and energy. Closely comparable in practice mix and client segments.
• Faegre Drinker: Full-service U.S. firm of similar size (~1,500 lawyers) formed via merger; comparable practice mix spanning corporate, litigation, regulatory, and IP. Direct competitor in mid-market corporate work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BakerHostetler
• LinkedInlinkedin.com/company/bakerhostetler

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Baker & Hostetler