Wachtell, Lipton, Rosen & Katz Law Firm Profile

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IN-DEPTH RESEARCH REPORT
on Wachtell, Lipton, Rosen & Katz

  • - Financial Information
  • - Compensation
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  • - Lateral Partner Moves
  • - Pro bono
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Wachtell, Lipton, Rosen & Katz

  • Designation: New York
  • Head Count: 267
  • Gross Revenues: $702,500,000
  • Revenue Per Lawyer: $2,630,000
  • Profits Per Partner: $5,500,000
  • Year Over Year Change: 10

Wachtell, Lipton, Rosen & Katz is a New York-based law firm.  According to the National Law Journal's 2014 NLJ 350 ranking of firms based on size, Wachtell, Lipton, Rosen & Katz has 260 attorneys and is the 172nd largest firm in the United States.  With $601,000,000 in gross revenue in 2013, the firm placed 54th on The American Lawyer's 2014 Am Law 200 ranking.  On the 2013 Global 100 survey, Wachtell, Lipton, Rosen & Katzranked as the 63rd highest grossing law firm in the world.  The firm has offices in NY.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 44 10 Gross revenue
Am Law 200 44 10 Gross revenue
NLJ 250 172 -2 Lawyer head count
The A-List NR N/A Overall excellence
Pro Bono Scorecard 172 -172 Pro-bono commitment
Diversity Scorecard 96 17 Minority head count
Midlevel Associates Survey 37 -24 Job satisfaction
Summer Associates Survey 85 -12 Summer programs

In the News

Par Pharma Bought for $8B

Jennifer Genova (compiled from ThomsonReuters Financial and other sources) : New Jersey Law Journal : May 21, 2015

Endo International, of Dublin, Ireland, with U.S. headquarters in Malvern, Penn., on May 18 announced it has acquired fellow pharmaceutical company Par Pharmaceutical Holdings Inc. of Woodcliff Lake, for about $8 billion in cash and stock.

Big Deals

: New York Law Journal : May 21, 2015

The Ascena Retail Group is buying the owner of Ann Taylor and Loft in a deal valued at about $2.16 billion. Washington, D.C.-based Danaher plans to purchase Port Washington, New York-based filtration specialist Pall for $13.6 billion.

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

Naftalis, Graffeo Recognized

: New York Law Journal : May 20, 2015

The Fund for Modern Courts on Monday presented its John McCloy Memorial Award for 2015 to Gary Naftalis, co-chair of Kramer Levin Naftalis & Frankel, and its Career Public Service Award for 2015 to former Court of Appeals Judge Victoria Graffeo, a member of Harris Beach.

Laster Takes Traditional Route in Activision Case

Scott Flaherty : The Litigation Daily : May 20, 2015

Approving a record $275 million settlement in a derivative case, a Delaware judge opted not to allow some of the money to go directly to shareholders, as another court recently did.

Dealmaker of the Week: Frederick Green of Weil, Gotshal & Manges

Jennifer Henderson : The Am Law Daily : May 15, 2015

Frederick Green, co-chair of Weil, Gotshal & Manges' transactions practice, took the lead for Verizon Communications on its $4.4 billion acquisition of AOL.

Sidley Austin Snags Simpson Thacher's LA Leader

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

Daniel Clivner, managing partner of Simpson Thacher & Bartlett's Los Angeles office, is poised to leave the firm to open a Century City office for Sidley Austin as the latter prepares to celebrate its 35th anniversary in the city. Clivner, 51, will serve as co-head of Sidley's Los Angeles outposts.

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.

Big Deals

: The Associated Press : May 14, 2015

Verizon is buying AOL for about $4.4 billion, advancing the telecom's push in both mobile and advertising fields. Also, Alexion Pharmaceuticals Inc. will acquire Synageva BioPharma Corp. for $8.4 billion in a mix of cash and shares.

Sale of 380,000 Acres Came With 15-Year Anti-Development Restriction

: Daily Business Review : May 11, 2015

About two dozen Greenberg Traurig attorneys advised St. Joe Co. on the sale of vast land holdings to the Mormon Church, now Florida's largest private landowner.

Walgreens Boots Alliance Inc.

Sheri Qualters : The National Law Journal : May 11, 2015

The two legal departments of the companies that are now Walgreens Boots Alliance Inc. spent 2 1/2 years managing the legal impact from the two-part merger.

Dealmakers of the Week: Matthew Hurd and Krishna Veeraraghavan of Sullivan & Cromwell

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

Matthew Hurd, co-head of the firm's health care and life sciences group, and M&A lawyer Krishna Veeraraghavan, who made partner in 2011.

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.

Deal Watch: Am Law Trio Guides $8.4 Billion Rare Disease Drug Deal

Jennifer Henderson : The Am Law Daily : May 07, 2015

The pharmaceutical industry once again reigned supreme on the transactional front this week, although a pair of Am Law 100 firms also helped an iconic New York property change hands.

HP, Ex-Autonomy CEO Up Ante in Legal Battle

Marisa Kendall : The Recorder : May 05, 2015

Lawyers for Michael Lynch insist HP's woes resulted from the company's "own incompetence and malfeasance."

A Challenging Year at Cadwalader

Susan Beck : The American Lawyer : May 03, 2015

The sudden exit of its future leader plus disappointing financials put The Am Law 100's oldest firm to the test.

Law Firm 3.0: Information Changing Law Firm Models

Hank Grezlak and Gina Passarella : The Legal Intelligencer : April 28, 2015

Editor's note: This is the first installment of a series examining the shift in law firm business models and the issues law firms must address to remain competitive in a new age of providing legal services.

Arent Fox Adds Real Estate Team, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : April 28, 2015

Another batch of lawyers departs McKenna Long & Aldridge ahead of its merger with Dentons; several Edwards Wildman Palmer legacy partners find new homes; Boies, Schiller & Flexner brings on a Justice Department veteran; and other notable additions from throughout The Am Law 200.

Firms Ranked by Value Per Lawyer

: The American Lawyer : April 27, 2015

Our value per lawyer metric demonstrates how much, on average, each of a firm's lawyers contributes to total partner compensation.

Firms Ranked by Profits Per Partner

: The American Lawyer : April 27, 2015

Wachtell, Lipton, Rosen & Katz becomes the first firm to crack the $5 million profits-per-partner mark, coming in at $5.5 million. Quinn Emanuel Urquhart & Sullivan was just shy of breaching the $5 million barrier with $4.925 million.

From the Editor: The Am Laws at 30

Kim Kleman : The American Lawyer : April 27, 2015

You're not getting older, you're getting better.

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.

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.

Top Activist Lawyer Lands on a New Team

Brian Baxter : The Am Law Daily : April 25, 2015

Morgan Stanley has hired Schulte Roth & Zabel's David Rosewater, co-head of the firm's global shareholder activism practice, to lead its activist defense group. But Rosewater, who previously worked at Cravath, Swaine & Moore, won't be fighting Marty Lipton's war.

Litigation Department of the Year, Securities: Kirkland & Ellis

Ginny LaRoe : The Recorder : April 24, 2015

With help from Kirkland litigators, Pershing Square's push for an Allergan takeover worked out to the tune of $2.2 billion.

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.

Another Forex Milestone as BofA Settles Class Action

Scott Flaherty : The Litigation Daily : April 16, 2015

Bank of America, represented by Shearman & Sterling, is the third bank to settle of the dozen targeted in antitrust litigation alleging widespread manipulation in the $5 trillion-per-day foreign exchange market.

Dealmaker of the Year: Ethan Klingsberg of Cleary Gottlieb

: The American Lawyer : April 14, 2015

Klingsberg helped Family Dollar Stores Inc. fend off a hostile takeover by Dollar General Stores in order to pursue a tie-up with Dollar Tree Stores instead.

Andrew Nussbaum

Lisa Hoffman : The National Law Journal : April 13, 2015

With 2015 not even a full four months old, Wachtell, Lipton, Rosen & Katz corporate partner Andrew Nussbaum already has advised hard-charging Expedia Inc. on three major merger-and-acquisition transactions this year.