Davis Polk & Wardwell Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Davis Polk & Wardwell LLP

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  • - Lateral Partner Moves
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Davis Polk & Wardwell LLP

  • Designation: New York
  • Head Count: 810
  • Gross Revenues: $975,000,000
  • Revenue Per Lawyer: $1,205,000
  • Profits Per Partner: $2,940,000
  • Year Over Year Change: -3

Davis Polk & Wardwell is a New York-based law firm.  According to the National Law Journal's 2014 NLJ 350 ranking of firms based on size, Davis Polk & Wardwell has 810 attorneys and is the 39th largest firm in the United States.  With $975,000,000 in gross revenue in 2013, the firm placed 25th on The American Lawyer's 2014 Am Law 200 ranking.  On the 2013 Global 100 survey, Davis Polk & Wardwell ranked as the 32nd highest grossing law firm in the world.  The firm has offices in CA, DC, London, NY and Paris.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 25 -3 Gross revenue
Am Law 200 25 -3 Gross revenue
NLJ 250 39 5 Lawyer head count
The A-List 34 -18 Overall excellence
Pro Bono Scorecard 84 -39 Pro-bono commitment
Diversity Scorecard 18 1 Minority head count
Midlevel Associates Survey 32 28 Job satisfaction
Summer Associates Survey 69 9 Summer programs

In the News

Southern District Announces 225th Anniversary Events

Tania Karas : New York Law Journal : October 24, 2014

The Southern District of New York has announced a series of events to mark its 225th anniversary that will kick off Nov. 4 and run through October 2015. Events include a special session Nov. 4 to commemorate the first session of any court under the U.S. Constitution, a reenactment of the Pentagon Papers case in January, and yearlong courtroom sketch exhibitions.

Asia Deal Digest: Oct. 23, 2014

Tom Brennan : The Asian Lawyer : October 23, 2014

*Three firms on Medibank Private Ltd.'s $4.8 billion Australian IPO*Hong Kong firm Deacons advises Chinese state-run Bohai Steel Group Co. on bond sale*Herbert Smith Freehills acts for Energy Development Corp. on financing for Philippines' largest wind farm

Obituary: Samuel Pryor III

Christine Simmons : New York Law Journal : October 21, 2014

Samuel Pryor III, a retired corporate partner at Davis Polk & Wardwell, died Oct. 17 of an infection following a long bout with pulmonary hypertension, said his son, Joseph Pryor. He was 86.

Asia Deal Digest: Oct. 16, 2014

Anna Zhang : The Asian Lawyer : October 16, 2014

*Simpson Thacher, Sullivan & Cromwell lead two Tokyo IPOs worth $2.6 billion*Morgan Lewis guides Kazakhstan through its first dollar bond issue in 14 years*Skadden acts on the first listing by a Malaysian company in the U.S.

Justice Department Official Rejoins Davis Polk

Christine Simmons : New York Law Journal : October 15, 2014

Denis J. McInerney, a former top official within the U.S. Justice Department, is returning to Davis Polk & Wardwell as a partner in its litigation and white-collar criminal defense and investigations practices.

SEC Enforcement Leaders Debate Broken-Windows Policy

Jenna Greene : Legal Times : October 14, 2014

U.S. Securities and Exchange Commission Enforcement Division head Andrew Ceresney on Tuesday defended the agency's “broken windows” policy of cracking down on minor violations during a panel discussion with five former directors of the division, who argued the agency is being too harsh.

Dickstein Shapiro IP Group Defects, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : October 14, 2014

Manatt, Phelps & Phillips adds a three-partner West Coast IP team from struggling Dickstein Shapiro; Boies Schiller loses a litigator to Barclays, but grabs Al Franken's former general counsel; Davis Polk and Willkie Farr bring back partners from public service; and other notable hires from throughout The Am Law 200.

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the United States, especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank, and Shearman in a bid to challenge Wall Street firms on their own turf.

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the U.S., especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank and Shearman in a bid to challenge Wall Street firms on their own turf.

Do Foreign Firms Need a Hong Kong Law Practice?

Anna Zhang : The Asian Lawyer : October 13, 2014

The city's once-booming capital markets had prompted a big push into local law, but the slowdown that followed has forced at least one firm—Milbank—to reconsider. Still, others see value in the practice, though for different reasons. Here's why.

Meet the Judges: Southern District Judge Richard Berman

: New York Law Journal : October 10, 2014

The judge discusses his philosophy about the role of a judge, how he was influenced by your pre-bench experience, and the role clerks play in running of chambers.

Asia Deal Digest: Oct. 9, 2014

Tom Brennan : The Asian Lawyer : October 09, 2014

*Five firms on Anbang Insurance's $1.95 billion purchase of the Waldorf Astoria New York*Ashurst advises state-run PT Pertimina on $2 billion acquisition of Murphy Oil's Malaysian assets*Herbert Smith Freehills guides Australia's Regis Healthcare on its recent IPO.

Fee Tracker: Bingham, Fried Frank Bag Old Mutual IPO Roles

Brian Baxter : The Am Law Daily : October 09, 2014

Initial public offerings for such companies as British insurer Old Mutual's Boston-based asset management arm and Royal Bank of Scotland-backed Citizens Financial helped fill the coffers of firms such as Bingham, Cleary Gottlieb, Davis Polk and Fried Frank while Detroit's bankruptcy continued to be a boon to Jones Day and Honigman. Meanwhile, the U.S. Supreme Court prepares to examine $4.1 million in Baker Botts bankruptcy fees in our latest look at notable legal billings from throughout The Am Law 200.

Am Law 100 Firms Capitalize on Big Pharma Deals

Wenxiong Zhang : The Am Law Daily : October 09, 2014

Sullivan & Cromwell, Latham, McDermott and Sidley Austin advised on Impax Laboratories' purchase of Tower Holdings for $700 million. Sullivan & Cromwell also counseled Endo International on a separate pharmaceutical deal in which the company agreed to pay $2.6 billion for Auxilium Pharmaceuticals, itself advised by Morgan Lewis and Willkie. Meanwhile, Debevoise and Wilmer took the lead on a third transaction in the pharmaceutical sector, this one worth $675 million.

Skadden Once Again Comes Out on Top of M&A Rankings

Wenxiong Zhang : The Am Law Daily : October 08, 2014

Continuing on its transactional tear, Skadden, Arps, Slate, Meagher & Flom sat atop three separate rankings of legal advisers for global M&A deals based on total transaction value in the first three quarters of the year.

A Year of Slow But Solid Growth for Global 100 Firms

Chris Johnson : The American Lawyer : October 08, 2014

A surge in dealmaking boosted the top and bottom lines for the world's top-grossing firms, which experienced steady if unspectacular growth in 2013.

Davis Polk, Paul Weiss Get Bronzed on Chilean Copper Deal

Nathalie Pierrepont : The Am Law Daily : October 08, 2014

Prosecutor, Defender, Counselor

Brad S. Karp : New York Law Journal : October 07, 2014

Robert Fiske's "Prosecutor, Defender, Counselor" is a must-read for lawyers, critics of the legal profession, and anyone looking for an uplifting narrative of a life exceptionally well-lived by an individual of extraordinary talents and uncommon virtue.

Judge Rejects Proskauer Bid to Dismiss Malpractice Suit

Christine Simmons : New York Law Journal : October 06, 2014

Proskauer Rose and a former longtime client will continue to battle in a pair of lawsuits in Manhattan Supreme Court, after a judge refused to dismiss a malpractice claim against the firm.

London Calling for US Firms, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : October 03, 2014

Gibson Dunn, Kaye Scholer and Paul Hastings all made major lateral hires in London this week by raiding their British brethren. The Am Law Daily looks at those moves and more in our latest tally of hires from throughout The Am Law 200.

GCs of Fed and NY Fed Hold Forth at AIG Trial

Sue Reisinger : Corporate Counsel : October 03, 2014

A trial challenging how the government bailed out American International Group Inc. in 2008 has focused on testimony from Scott Alvarez of the Federal Reserve and Thomas Baxter Jr. of the Federal Reserve Bank of New York.

Morgan Lewis, Paul Weiss Broker UBM's Advanstar Acquisition

Wenxiong Zhang : The Am Law Daily : October 02, 2014

The two Am Law 100 firms and Magic Circle shop Slaughter and May are working on a deal that will see British media and marketing company UBM become the largest events organizer in the U.S.

Big Deals

MP McQueen, Vinayak Balasubramanian, Alexandra Wilson and Wenxiong Zhang : The American Lawyer : September 29, 2014

Kinder Morgan Reorganization; Fox Asset Sale; Walgreen/Alliance Boots; Dollar Tree/Dollar General /Family Dollar; AbbVie/Shire

Asia Deal Digest: Sept. 25, 2014

Tom Brennan : The Asian Lawyer : September 25, 2014

*Ashurst on Leighton-led consortium's $3.2 billion bid to build Sydney transit system*Davis Polk, Skadden lead Chinese car rental company CAR Inc.'s $468 million Hong Kong IPO*Norton Rose, Allen & Overy advise on Hong Kong's first-ever Islamic bond issuance

Abely Awards

: New York Law Journal : September 24, 2014

The Eighteenth Annual Abely Awards were presented on Monday at Davis Polk & Wardwell. Manhattan District Attorney Cyrus Vance Jr. and Brenna DeVaney, pro bono counsel at Skadden Arps, were honored.

Latham, Davis Polk on FountainVest's First U.S. Buy

Anna Zhang : The Asian Lawyer : September 18, 2014

The Chinese private equity firm is paying up to $800 million for a controlling stake in auto supplier Key Safety Systems.

Second Department Overturns Two 1993 Kidnap Convictions

Andrew Keshner : New York Law Journal : September 18, 2014

More than 20 years after two men were convicted of kidnapping a teenage girl found strangled, stabbed and sexually assaulted, a Brooklyn appellate court has dismissed the pair's indictments, faulting prosecutors for "burying" key documents in disclosures made just before trial.

Asia Deal Digest: Sept. 18, 2014

Anna Zhang : The Asian Lawyer : September 18, 2014

*Allen & Overy, Clifford Chance on $916 million Laos hydropower project development and financing*Latham & Watkins advises Chinese private equity firm FountainVest Partners on its first U.S. investment*Cleary leads state-run Korea Development Bank's $750 million note issuance

Freshfields Bags M&A Bigwig From Shearman & Sterling

MP McQueen : The Am Law Daily : September 16, 2014

The Magic Circle firm has hired Shearman's M&A partner Peter Lyons as it continues to boost its ranks in U.S. transactional work.

Asia Deal Digest: Sept. 11, 2014

Tom Brennan : The Asian Lawyer : September 11, 2014

*Linklaters leads establishment of China Orient Asset Management's $2 billion medium-term note program*Jones Day acts for Japan's Ajinomoto on its $800 million offer for U.S. frozen-foods maker Windsor Quality*Rajah & Tann on KMP Private Ltd.'s $37 million investment in Vietnamese feed company Hiep Thanh Group