Davis Polk & Wardwell Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Davis Polk & Wardwell LLP

  • - Financial Information
  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
  • - Key Contacts

Davis Polk & Wardwell LLP

  • Designation: New York
  • Head Count: 871
  • Gross Revenues: $1,072,000,000
  • Revenue Per Lawyer: $1,230,000
  • Profits Per Partner: $3,295,000
  • Year Over Year Change: 1

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 and NY.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 24 1 Gross revenue
Am Law 200 24 1 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

Reed Smith to Open in Frankfurt

Gina Passarella : The Legal Intelligencer : May 22, 2015

Reed Smith is set to open an office in Frankfurt, Germany, on June 1 with the addition of seven lawyers from four different firms. The new location, which will focus heavily on the financial services industry, will be managed from the firm's 10-year-old Munich office.

Deal Watch: Four Am Law 100 Firms Prescribed Work on CVS-Omnicare Merger

Jennifer Henderson : The Am Law Daily : May 21, 2015

Firms Prescribed Work on $12.7 Billion CVS, Omnicare Deal

Mining Bankruptcies Yield Roles for Davis Polk, Kirkland

Brian Baxter : The Am Law Daily : May 20, 2015

Less than two years after Davis Polk & Wardwell helped Patriot Coal emerge from bankruptcy, a global commodities slump has forced the U.S. mining giant back into Chapter 11 in Virginia. With struggling energy and natural resource companies being potentially lucrative clients in a down market for corporate bankruptcy work, two other firms swooped in to pick up Patriot Coal's “Chapter 22” case, but Davis Polk still took the lead on another major mining bankruptcy.

DOJ Cites 'Breathtaking Flagrancy' in Charges Against Five Banks

Jenna Greene : The National Law Journal : May 20, 2015

Five major banks on Wednesday agreed to plead guilty to felony charges and pay more than $5 billion to resolve allegations that they rigged the U.S. dollar-euro exchange rate. More perilous consequences for the banks may come as they seek waivers from regulators such as the U.S. Securities and Exchange Commission that will allow them to continue as felons to do things like manage pensions and issue securities.

US vs. UK: Which Firms Have the Best India Practices?

Tom Brennan : The Asian Lawyer : May 18, 2015

A new ranking from London-based RSG Consulting shows that U.S. firms continue to take market share in India, challenging the dominant position once held by their U.K. peers.

Dealmaker Spotlight: Latham & Watkins' Cathy Yeung

Anna Zhang : The Asian Lawyer : May 14, 2015

So far in 2015, Yeung has already advised the largest three IPOs and the largest follow-on offer in Hong Kong

This Week's Deals

David Ruiz : The Recorder : May 14, 2015

A round-up of transactions involving Bay Area lawyers and companies.

Deal Watch: Weil, Wachtell Dial Up for Verizon's $4.4 Billion AOL Buy

Jennifer Henderson : The Am Law Daily : May 14, 2015

Verizon Communication Inc. cites AOL Inc.'s market success in digital content and advertising platforms as reasons behind the purchase. Also in this week's roundup of deals worth $1 billion or more: Williams' acquisition of its master limited partnership Williams Partners in an all-stock deal valued at $13.8 billion, led by Gibson Dunn and Baker Botts.

Surrounded by Dentists, Lawyer Spots a Niche to Fill

Meredith Hobbs : Daily Report : May 12, 2015

After 11 years as a real estate litigator, Angele Rishi is developing a niche legal practice focused on dentists.

The American Lawyer Announces Transatlantic Legal Awards Finalists for 2015

Brian Baxter : The Am Law Daily : May 12, 2015

The American Lawyer announced this week the finalists of its 2015 Transatlantic Legal Awards. These awards recognize law firms for excellence in handling transatlantic matters across the key areas of corporate, finance and disputes, as well as highlighting law firm innovation, commitment to pro bono, outstanding transatlantic strategy and in-house leaders.

2015 Rising Stars

: New York Law Journal : May 11, 2015

The New York Law Journal congratulates the 50 young lawyers chosen as 2015 Rising Stars by a panel of 24 esteemed judges.

Am Law 100 Analysis: The Year's Hottest Markets

Drew Combs : The American Lawyer : May 08, 2015

Most Am Law 100 firms had solid results in 2014, but some sector bets paid off especially well.

Movers

: The National Law Journal : May 04, 2015

Lateral moves and new arrivals in this week's column.

Deal Watch: Skadden, Kirkland Advise on $4 Billion Outsourcing Company Merger

Jennifer Henderson : The Am Law Daily : April 30, 2015

A merger between a pair of international outsourcing and consulting companies tops the list of billion-dollar deals this week, with Paris-headquartered Capgemini agreeing to acquire iGate, based in Bridgewater, New Jersey, for $4 billion.

Davis Polk Advises Daiichi as It Exits Sun Pharma Stake

Tom Brennan : The Asian Lawyer : April 29, 2015

Japan's Daiichi Sankyo has raised about $3.2 billion by shedding the 9 percent of Sun Pharma it received when it sold Ranbaxy Labs to the Mumbai-based company earlier this month.

On the Move

: New York Law Journal : April 27, 2015

Four firms announce new additions, while general counsel have been hired at real estate private equity and asset management firm Savanna and Turing Pharmaceuticals AG.

Am Law 100 Analysis: The Superrich Firms Pull Away

Chris Johnson : The American Lawyer : April 27, 2015

It was a year of solid gains for The Am Law 100, especially for a burgeoning group of top firms.

Comcast Pulls Plug On Deal

Jenna Greene : The National Law Journal : April 27, 2015

Facing stiff regulatory resistance, Comcast Corp. and Time Warner Cable Inc. on April 24 abandoned their $45 billion merger more than a year after the deal was announced.

Orrick, Skadden on Latest Take-Private for U.S.-Listed Chinese Company

Anna Zhang : The Asian Lawyer : April 27, 2015

Perfect World will be the third Chinese gaming company, including Giant Interactive and Shanda Games, to delist in the last 18 months in the face of low valuations from investors.

Big Deals

Jennifer Henderson : The American Lawyer : April 27, 2015

The Am Law 100: Introducing Our New Profits Metric

Chris Johnson : The American Lawyer : April 27, 2015

To help add context to our reporting on law firm profits, this year's Am Law 100 report adds a new metric, profits per lawyer.

McKenna Long Tax Chief Departs, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : April 26, 2015

The head of McKenna Long & Aldridge's national tax group leaves ahead of a merger with global legal giant Dentons; Arnold & Porter and Cozen O'Connor both make bulk hires from smaller firms; a Jones Day bankruptcy baron returns; and other notable moves from throughout The Am Law 200.

Big Deals

Jennifer Henderson : The Am Law Daily : April 23, 2015

Dozens of New York lawyers have landed lead roles on the dissolution of General Electric Co.'s financial unit in a bid by the industrial conglomerate to return $90 billion to shareholders.

FCC Resistance Dooms Comcast Deal, Lawyers Say

Jenna Greene : The National Law Journal : April 23, 2015

Facing stiff regulatory resistance, Comcast Corp. and Time Warner Cable are expected to pull the plug on their $45 billion merger more than a year after the deal was announced. A lawyer involved in the process said the companies could not persuade the Federal Communications Commission that the merger offered sufficient benefits for consumers.

This Week's Deals

David Ruiz : The Recorder : April 23, 2015

A round-up of transactions involving Bay Area lawyers and companies.

Deal Watch: Big Firm Pharma Deal Flow Continues With Teva's Mylan Bid

Jennifer Henderson : The Am Law Daily : April 23, 2015

Big Pharma leads the list of billion-dollar deals this week with a $40 billion, unsolicited bid made by Israel's Teva Pharmaceutical Industries Ltd. for fellow generic-drug maker Mylan N.V.

Con Ed Has Right to Contractor's Files, Panel Finds

Ben Bedell : New York Law Journal : April 23, 2015

A judge was "too harsh" when she denied Consolidated Edison Inc.'s request for the litigation files of a contractor in the massive steam pipe explosion that rocked midtown Manhattan in July 2007, a sharply divided panel of the Appellate Division, First Department, ruled Tuesday.

Half-Dozen K&L Gates Partners Decamp, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : April 21, 2015

K&L Gates sees six partners leave for four firms; some of Fried Frank's Asia lawyers find new homes; Jackson Lewis opens two new offices; Mayer Brown adds a practice leader; and other notable moves from throughout The Am Law 200.

Skadden, Kirkland on $1.6B Deal Between China's 'Craigslists'

Anna Zhang : The Asian Lawyer : April 17, 2015

China's 58.com and Ganji.com are letting go of a 10-year-old rivalry and joining forces.

Dealmaker of the Week: Warren Gorrell of Hogan Lovells

Jennifer Henderson : The Am Law Daily : April 17, 2015

Gorrell advised General Electric Co. in the $26.5 billion sale of GE Capital's real estate portfolio to funds managed by Blackstone LP, along with Wells Fargo & Co. and additional buyers.