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: 895
  • Gross Revenues: $1,100,000,000
  • Revenue Per Lawyer: $1,230,000
  • Profits Per Partner: $3,305,000
  • Year Over Year Change: 1

Davis Polk & Wardwell is a New York-based law firm.  According to the National Law Journal's 2015 NLJ 350 ranking of firms based on size, Davis Polk & Wardwell has 871 attorneys and is the 38th largest firm in the United States.  With $1,100,000,000 in gross revenue in 2015, the firm placed 23rd on The American Lawyer's 2016 Am Law 200 ranking.  On the 2014 Global 100 survey, Davis Polk & Wardwell ranked as the 30th 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 23 1 Gross revenue
Am Law 200 23 1 Gross revenue
NLJ 250 38 1 Lawyer head count
The A-List 32 3 Overall excellence
Pro Bono Scorecard 82 2 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

Brexit Vote Clouds Big-Firm Lawyers' M&A Crystal Balls

Julie Triedman : The Am Law Daily : June 24, 2016

As top transactional lawyers sought to calm nervous clients Friday after Britain's vote to leave the EU, several said that they were bracing for the possibility of a two-year drought in their most highly leveraged, profitable business: advising on cross-border M&A deals.

Orrick on JD.Com's $1.5B Deal With Walmart

Frances Ivens : Legal Week : June 21, 2016

The Chinese ecommerce company will take over the Chinese online business Yihaodian and in exchange give a 5 percent stake to the American retailer.

Flush With Cash, Latham & Watkins Extends Lateral Spree

Julie Triedman : The Am Law Daily : June 21, 2016

Prime partners at lockstep firms are favored targets as the firm surfs the lateral market.

Davis Polk Associate Receives Pro Bono Award

: New York Law Journal : June 21, 2016

The Federal Bar Council presented the Thurgood Marshall award for exceptional pro bono service to Davis Polk and Wardwell associate Scott Wilcox at an event held Thursday at the Battery Gardens in Manhattan.

GCs Wary of Rate Hikes as Firms Increase Associate Pay

Stephanie Forshee : Corporate Counsel : June 20, 2016

General counsel say they don't have strong objections to the recent wave of salary increases for associates at big law firms. But they are concerned about firms raising the hourly rates for work done by associates.

Big Law Cautious About Raising Salary of Asia-Based Associates-With Updates

Anna Zhang and Frances Ivens : The Asian Lawyer : June 20, 2016

While Global firms race to match Cravath's new associate salary scale in New York and the rest of the U.S., they are more cautious when it comes to increasing salaries in Asia.

Deal Watch: Morgan Lewis Makes Work for BASF

Jennifer Henderson : The Am Law Daily : June 17, 2016

From industrial chemicals to traffic cones, one of the last weeks of spring provided a plethora of transactional opportunities for dozens of Am Law 100 firms.

Six Firms Connect to $26.2B Acquisition of LinkedIn Network by Microsoft

James Booth and Brian Baxter : New York Law Journal : June 16, 2016

A half-dozen Am Law 100 firms have landed roles on one of the year's largest technology deals, Microsoft Corp.'s proposed $26.2 billion acquisition announced Monday of LinkedIn Corp.

On U.S. Tour, Chinese Lawyers Soak Up Big Law Lessons

Julie Triedman : The Am Law Daily : June 14, 2016

Tips ranged from better transparency to stronger management as lawyers from several Chinese firms visited with law firm leaders in New York and D.C.

Am Law 100 Firms Match Pay Raise for Asia Associates-Further Updated

Frances Ivens and Anna Zhang : The Asian Lawyer : June 14, 2016

Milbank, Kirkland, Simpson Thacher, Paul Weiss, Weil and Davis Polk have confirmed associates pay increase will include those based in Asia.

Five Firms Grab Roles on Latest Cybersecurity Transaction

Nell Gluckman : The Am Law Daily : June 13, 2016

Davis Polk & Wardwell, Fenwick & West, Ropes & Gray, Simpson Thacher & Bartlett and Wilson Sonsini Goodrich & Rosati are advising on Symantec Corp.'s $4.65 billion buy of Blue Coat Systems Inc. from buyout giant Bain Capital LP.

No Simple Formula: How Chinese Law Firms Pay Their Partners

Anna Zhang : The Asian Lawyer : June 13, 2016

In the second installment of a two-part article, we look at partner compensation at Chinese law firms. In recent years, many firms have overhauled their compensation systems, trying to balance growth with integration.

NYLJ Rising Stars 2016: Elizabeth Cosenza

: New York Law Journal : June 07, 2016

As a Fordham University professor, Elizabeth Cosenza not only teaches about the law and ethics, but also is exploring issues that could reform corporate governance and better define who should be held accountable for securities fraud.

NYLJ Rising Stars 2016: Kimberly Zelnick

: New York Law Journal : June 07, 2016

Kimberly Zelnick is a partner at Freshfields Bruckhaus Deringer and a founding member of the firm's complex litigation and white-collar practice in the United States. Through her leadership, the U.S. litigation group has grown to more than 100 attorneys from less than a half dozen.

Davis Polk, Linklaters on $1.4B Chinese Insurance Deal

Frances Ivens : Legal Week : June 06, 2016

Fujian-based Thaihot Group is acquiring Dah Sing Banking Group's Hong Kong and Macau life insurance business.

Deal Watch: Baker Botts, Bracewell Get Jolt From Utility Union

Jennifer Henderson : The Am Law Daily : June 02, 2016

The Lone Star State firms are working with two other Am Law 100 firms in advising on Great Plains Energy Inc.'s $12.2 billion buy of Westar Energy Inc., the latest sign of consolidation in the utilities sector.

This Week's Deals

David Ruiz : The Recorder : June 02, 2016

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

What Were the Top Deals in 2015?

: Texas Lawyer : June 01, 2016

Round Rock-based Dell's pending acquisition of computer storage company EMC for an estimated $67 billion tops the list of the 10 biggest Texas deals announced in 2015.

Am Law 100 Duo Advise on First Argentine IPO in Six Years

Jennifer Henderson : The Am Law Daily : May 31, 2016

A month after a settlement smoothed the way for Argentina's return to the global capital markets, Cleary Gottlieb Steen & Hamilton and Davis Polk & Wardwell led the way on a $280.5 million initial public offering by a Buenos Aires-based bank.

Court Reinstates Claim Banks Manipulated LIBOR

Mark Hamblett : New York Law Journal : May 24, 2016

Judge Dennis Jacobs, writing for the Second Circuit, said the banks urged on appeal that LIBOR is not itself a price, but "LIBOR forms a component of the return from various LIBOR-denominated financial instruments, and the fixing of a component of price violates the antitrust laws."

Axinn, Veltrop & Harkrider

Rich Acello : The National Law Journal : May 23, 2016

In Dell's acquisition of EMC, Axinn was responsible for winning regulatory approval from governments around the world.

Big Deals

: The American Lawyer : May 23, 2016

Fiske Receives Duane Award

Rick Kopstein, Photographer : New York Law Journal : May 20, 2016

Robert Fiske Jr., senior counsel at Davis Polk & Wardwell and former Southern District U.S. Attorney, received the second annual James Duane Award, given for exemplary service to the Southern District, on Tuesday.

Latham Represents Company in $13B Pending Merger

Brenda Sapino Jeffreys : Texas Lawyer : May 20, 2016

Latham & Watkins represents FMC Technologies in the Houston company's pending merger with French company Technip, creating a $13 billion company.

SCOTUS Ruling Shows Limits of Securities Exchange Act's Exclusive Jurisdiction Clause

John S. Stapleton and Jason A. Levine : New Jersey Law Journal : May 20, 2016

Analysis of the U.S. Supreme Court's ruling in Merrill Lynch v. Manning.

Meet Silicon Valley's Trusted Advisors

Rebecca Cohen : The Recorder : May 20, 2016

These 10 M&A lawyers are the trusted voices of the region's tech companies.

Litigator Sees City Bar Presidency as a Great Opportunity

Andrew Keshner : New York Law Journal : May 19, 2016

John Kiernan, a Debevoise & Plimpton partner and the newly minted president of the New York City Bar Association, views the position as the capstone of his lengthy involvement in the bar and pro bono activities and the "greatest opportunity to play a role in the collective voice of lawyers in the legal capital of the world."

This Week's Deals

David Ruiz : The Recorder : May 19, 2016

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

Deal Watch: Amid Oil Price Plunge, Two Big Energy Deals

Jennifer Henderson : The Am Law Daily : May 19, 2016

A half-dozen big firms are advising on two key transactions in the embattled energy space, as a pair of oil field services companies and natural gas producers agree to combine.

Meet the 2016 Corporate Department of the Year and In-House Impact Winners

: The Recorder : May 18, 2016

Latham & Watkins has taken the top honor, followed by finalists Skadden and Wilson Sonsini.