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: 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 and NY.

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

S&P's Legal Woes Aren't Over Yet

Jenna Greene and Scott Flaherty : The National Law Journal : January 26, 2015

If Standard & Poor's Rating Services were to grade its own legal risk, it might give itself a BB: "Faces major ongoing uncertainties."

Box IPO Seen as a Hopeful Harbinger

David Ruiz : The Recorder : January 23, 2015

The company's year-delayed opening, handled by Wilson Sonsini, is the first Valley offering in 2015.

Dentons, Dacheng Deal Sets Legal Industry Abuzz

Julie Triedman : The Am Law Daily : January 22, 2015

While law firm leaders and legal observers marvel at the scope and scale of the tie-up between Dentons and China's Dacheng to create the world's largest firm, several also wonder how the two sides will pull off such a massive undertaking, and whether it will ultimately be successful.

Credit Rating Agency S&P Settles Fraud Charges for $77M

Jenna Greene : The National Law Journal : January 21, 2015

Standard & Poor's Ratings Services on Wednesday agreed to pay $77 million to settle fraud charges by the U.S. Securities and Exchange Commission and state regulators that it misled investors by issuing inflated ratings.

S&P's Litigation Woes Continue After SEC Deal

Scott Flaherty : The Litigation Daily : January 21, 2015

Standard & Poor's agreed Wednesday to suspend part of its business and to fork over nearly $80 million to federal and state regulators. But S&P's lawyers still have their work cut out for them in government actions stemming from the financial crisis.

Supreme Court Rules Investors Can Appeal Libor Ruling

Scott Flaherty : The Litigation Daily : January 21, 2015

Handing a win to appellate specialist Thomas Goldstein of Goldstein & Russell, the U.S. Supreme Court ruled Wednesday that a group of bond purchasers can't be forced to wait to appeal a ruling dismissing antitrust claims over alleged manipulation of the Libor interest rate.

Dealmakers of the Week: Eileen Nugent and Graham Robinson of Skadden

Jennifer Henderson : The Am Law Daily : January 16, 2015

The pair guided NPS Pharmaceutical's $5.2 billion sale to Irish drugmaker Shire, which is recovering from a botched deal with AbbVie last year.

Davis Polk Partner Decamps, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 16, 2015

A Davis Polk & Wardwell corporate partner in Silicon Valley leaves the firm to return to the business side; Greenberg Traurig grows in Mexico City; Hogan Lovells expands in Vietnam; Wilmer adds a new lobbying cochair and other notable hires from throughout The Am Law 200.

For SEC, a Week of Big Cases in a Small Forum

Jenna Greene : The National Law Journal : January 16, 2015

It was a busy week at the U.S. Securities and Exchange Commission, which announced three significant new enforcement actions that yielded more than $28 million in penalties. What's notable is that all three suits were filed administratively, not in U.S. district courts

Shearman, Davis Polk on China's $1.4B European Hotel Buy

Anna Zhang : The Asian Lawyer : January 15, 2015

King & Wood Mallesons and Baker & McKenzie are also among the firms helping state-owned Shanghai Jin Jiang acquire France's Groupe Du Louvre.

NPS Pharmaceuticals Sold for $5B

Jennifer Genova (compiled from ThomsonReuters Financial and other sources) : New Jersey Law Journal : January 15, 2015

Dublin-based drugmaker Shire announced on Jan. 12 it has purchased Bedminster, N.J., pharmaceutical company NPS Pharmaceuticals for $5.2 billion in cash.

Leading 2014 M&A Transactions

: New Jersey Law Journal : January 15, 2015

The leading M&As of 2014, where the target or acquirer was based in NJ.

After Long Careers, Am Law Luminaries Look to New Horizons

Brian Baxter : The Am Law Daily : January 14, 2015

From Akin's John Dowd to Vinson & Elkins' Joe Dilg, the start of 2015 has led some lions of the bar to retire. Some, like Dilg, are leaving Am Law 100 life early to try their hand on the business side, while others, such as Baker Botts' Robert Jordan and McGuireWoods' Richard Lieberman, are preparing for book tours.

Big Law and Me: Aric Press Reflects

Aric Press : The American Lawyer : January 14, 2015

After 16 years, a departing editor offers 12 lessons for firms and lawyers.

Dismissal of Fraud Case Against Morgan Stanley Is Upheld

Mark Hamblett : Commercial Litigation Insider : January 13, 2015

In a case of first impression on the obligation to disclose "any known trends or uncertainties" in a quarterly report, the Second Circuit said plaintiffs failed to adequately plead scienter in a lawsuit alleging Morgan Stanley concealed its exposure to and losses during the subprime mortgage market meltdown.

Dismissal of Fraud Case Against Morgan Stanley Is Upheld

Mark Hamblett : New York Law Journal : January 13, 2015

In a case of first impression on the obligation to disclose "any known trends or uncertainties" in a quarterly report, the Second Circuit said plaintiffs failed to adequately plead scienter in a lawsuit alleging Morgan Stanley concealed its exposure to and losses during the subprime mortgage market meltdown.

Orrick, Skadden, Paul Weiss on $1.6B Bitauto Investment

Tom Brennan : The Asian Lawyer : January 12, 2015

Tencent and JD.com have used a combination of cash and resources to purchase a 28 percent stake in the Chinese autos e-commerce company.

Am Law 100 Firms on Both Sides of $5.2 Billion Shire, NPS Deal

Jennifer Henderson : The Am Law Daily : January 12, 2015

Davis Polk & Wardwell and Slaughter and May are representing Dublin-based Shire as it recovers from its botched deal with AbbVie last year and acquires New Jersey-based NPS Pharmaceuticals, which turned to Skadden Arps Slate Meagher & Flom for legal counsel.

Skadden Once Again Steals the Show in M&A Rankings

Jennifer Henderson : The Am Law Daily : January 08, 2015

Skadden Arps Slate Meagher & Flom took the top spot in three separate, year-end M&A rankings based on deal value issued by Mergermarket, Thomson Reuters and Bloomberg. Other Am Law 100 firms filling the number two and three legal adviser spots, in varying order, include: Cleary Gottlieb Steen & Hamilton, Sullivan & Cromwell, Weil Gotshal & Manges and Simpson Thacher & Bartlett.

D.C. Calendar

: The National Law Journal : January 05, 2015

Local bar association events in the Washington area.

Big Deals

: The American Lawyer : January 05, 2015

Allergan / Actavis; Halliburton / Baker Hughes; Publicis / Sapient; LabCorp / Covance; BB&T / Susquehanna; Cott / DSS Group; Chiquita / Cutrale

JPMorgan Inks Deal to Exit Forex Antitrust Case

Scott Flaherty : The Litigation Daily : January 05, 2015

JPMorgan Chase & Co. and its lawyers at Skadden, Arps, Slate, Meagher & Flom have laid down their arms in antitrust litigation accusing a dozen banks of manipulating foreign exchange rates.

Clifford Chance on Haitong Securities' $3.9B Placement

Tom Brennan : The Asian Lawyer : January 01, 2015

The Hong Kong-listed Chinese brokerage sold 1.9 billion shares in order to raise funds for its margin financing and securities lending businesses.

Big Deals

Rebecca Geiger : Focus Europe : January 01, 2015

Billion-dollar transactions in France, the United Kingdom, Germany, Spain, Italy, and the Nordic countries.

Big Deals

Rebecca Geiger : The Asian Lawyer : January 01, 2015

Asia's Biggest-Ticket Recent Transactions

Enforcement/Regulation: Conflict and Transition

Jenna Greene and Zoe Tillman : The National Law Journal : December 29, 2014

Attorney General Eric Holder Jr.'s Justice Department took on big banks and police misconduct in 2014, and the FCC grappled with crafting rules for Internet service providers.

On the Move

: New York Law Journal : December 26, 2014

Akerman has added partners Yariv Ben-Ari, Andrew Berman and Lisa Lim in its real estate group.

Hong Kong Billionaire, Ex-Official Jailed For Corruption

Anna Zhang : The Asian Lawyer : December 23, 2014

Thomas Kwok and Rafael Hui will each spend five and seven-and-a-half years in prison as Hong Kong vows to build corruption-free government and business community.

On the Move

: New York Law Journal : December 23, 2014

Pillsbury Winthrop Shaw Pittman has elected as a partner Andrew Smith in litigation.Norton Rose Fulbright has added Andrew Roth, a transactional and regulatory health lawyer, as a partner.

Proskauer Cases Reflect Efforts to Put Firms on Defensive

Amaris Elliott-Engel : Commercial Litigation Insider : December 19, 2014

Proskauer Rose has a vigorous commercial practice that frequently brings it into the Manhattan Commercial Division on behalf of its clients. But recently, the law firm itself has been defending its lawyering in four unrelated commercial cases. In recent motions, plaintiffs have either alleged malpractice or that the firm's attorneys had conflicts of interest and should be disqualified.