Wachtell, Lipton, Rosen & Katz Law Firm Profile

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Wachtell, Lipton, Rosen & Katz

  • Designation: New York
  • Head Count: 260
  • Gross Revenues: $601,000,000
  • Revenue Per Lawyer: $2,310,000
  • Profits Per Partner: $4,755,000
  • Year Over Year Change: -6

Wachtell, Lipton, Rosen & Katz is a New York-based law firm. With gross revenue in 2010 of $580,000,000, the firm ranked 46th on The American Lawyer's 2011 AmLaw 100 rankings. Wachtell, Lipton is the smallest of the AmLaw 100 firms in terms of number of attorneys. Since Wachtell, Lipton first appeared in the annual AmLaw rankings in 1984, it has consistently ranked first in terms of revenue per lawyer. According to The National Law Journal's 2011 NLJ 250, with 253 attorneys, the firm placed 164th on the 2010 ranking of U.S. law firms based on size. In the 2011 Global 100 survey of firms worldwide, the firm ranked as the 53rd highest grossing law firm. Wachtell, Lipton, Rosen & Katz is a business law firm, and its practice is organized into seven departments: corporate, litigation, creditor's rights, tax, executive compensation and benefits, antitrust, and real estate. In addition to its record for working on a high percentage of the largest mergers and acquisitions transactions, Wachtell also specializes in corporate restructuring and financing. All of the firm's work is conducted out of a single location in New York.

Firm Rankings

Survey Rank Year Over Year Change Description
Am Law 100 54 -6 Gross revenue
Am Law 200 54 -6 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

Dollar Tree Pays Big Bucks for Bargain Retail Rival

MP McQueen : The Am Law Daily : January 28, 2014

Wachtell Lipton, Cleary Gottlieb, Sullivan & Cromwell and Williams Mullen advise on Dollar Tree Inc.'s $8.5 billion cash and stock purchase of Family Dollar Stores Inc. to create one of the largest discount retailers in North America.

New Deals

Vinayak Balasubramanian and Alexandra Wilson : New York Law Journal : January 24, 2014

Italian lottery operator GTECH S.p. has announced that it would acquire Las Vegas-based slot machine maker International Game Technology for $6.4 billion. Albemarle Corporation announced that it plans to acquire competitor Rockwood Holdings for $6.2 billion in a cash and stock deal, a move that will combine two of the world's largest specialty chemical companies.

Heightened Activist Attacks on Boards of Directors

David A. Katz and Laura A. McIntosh : New York Law Journal : January 24, 2014

In their Corporate Governance column, David A. Katz, a partner at Wachtell, Lipton, Rosen & Katz, and Laura A. McIntosh, a consulting attorney for the firm, write: The tactics being used by today's activist investors in their approaches to corporate targets are unprecedented. Boards should be forewarned and forearmed as they pursue their plans for long-term value creation in the current, precarious environment that clearly favors the activist investor.

The Churn: A Dechert Partner Decamps, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 22, 2014

A high-powered litigator leaves Dechert, more departures from Bingham McCutchen and a rare outside hire by Wachtell Lipton in our latest look at lateral moves from throughout The Am Law 200.

Am Law Trio Advises on CIT's $3.4 Billion Buy of OneWest

MP McQueen : The Am Law Daily : January 22, 2014

Wachtell Lipton, Rosen & Katz; Cleary Gottlieb Steen & Hamilton and Sullivan & Cromwell took the lead on CIT Group's acquisition of OneWest Bank's parent, IMB Holdco LLC, moving the commercial lender into consumer banking.

Former Autonomy Exec Takes Aim at HP's Derivative Deal

Marisa Kendall : The Recorder : January 21, 2014

A proposed settlement between HP and plaintiffs firms is "collusive and unfair," according to attorney John Keker, who represents Sushovan Hussain.

Former Autonomy Exec Takes Aim at HP's Derivative Deal

Marisa Kendall : The Recorder : January 21, 2014

A proposed settlement between HP and plaintiffs firms is "collusive and unfair," according to attorney John Keker, who represents Sushovan Hussain.

Wachtell Raids Simpson Thacher for Executive Compensation Expert

Brian Baxter : The Am Law Daily : January 21, 2014

A month after Wachtell, Lipton, Rosen & Katz executive compensation partner Jeremy Goldstein left the venerable Am Law 100 firm to start his own practice, the country's most profitable shop on a profits-per-partner basis looked outside its ranks to find a replacement in Simpson Thacher & Bartlett partner Andrea Wahlquist. She becomes only the fourth lateral partner hire in Wachtell's storied history.

Sidley, Wachtell Handle GTECH Deal

Vinayak Balasubramanian : The Am Law Daily : January 16, 2014

The Italian lottery operator wants to acquire Las Vegas–based slot-machine maker International Game Technology.

AECOM to Buy Engineering Rival for $6 Billion

Wenxiong Zhang : The Am Law Daily : January 14, 2014

Gibson, Dunn & Crutcher, Wachtell, Lipton, Rosen & Katz and Cooley are advising on the deal, in which AECOM Technology Corp. will pay $4 billion in cash and stock and assume $2 billion in debt to acquire URS.

The American Lawyer Chooses 2014 Global Legal Award Winners

Michael D. Goldhaber : The Am Law Daily : January 10, 2014

The American Lawyer unveils the 36 winners of its second annual Global Legal Awards. Four grand prizewinners—in Global M&A, Global Finance, Global Disputes and Global Citizenship—will be announced at the awards dinner on Sept. 15 at Gotham Hall in New York City.

Asia Deal Digest: July 10, 2014

Tom Brennan : The Asian Lawyer : January 10, 2014

*King & Wood Mallesons on Puma Energy's $526 million investment in Papua New Guinea*Davis Polk leads aluminum products maker China Hongqiao Group's $400 million bond issue*Baker & McKenzie advises Spanish solar company Gestamp on Japan project financing

Wachtell on Expedia's $658 Million Australian Deal

Anna Zhang : The Asian Lawyer : January 07, 2014

The U.S. online travel-booking company is buying Brisbane-based counterpart Wotif.com in order to expand its Asia Pacific footprint.

New Deals

Vinayak Balasubramanian : The Am Law Daily : January 03, 2014

Alcoa Inc. has said it will acquire jet engine component producer Firth Rixson in a $2.85 billion deal expected to enhance the company's aerospace production.

HP Writes Novel Ending to Derivative Suits Over Autonomy

Marisa Kendall : The Recorder : January 01, 2014

The company is enlisting plaintiffs attorneys including Joe Cotchett to go after former Autonomy insiders.

HP Writes Novel Ending to Derivative Suits Over Autonomy

Marisa Kendall : The Recorder : January 01, 2014

The company is enlisting plaintiffs attorneys, including Joe Cotchett, to go after former Autonomy insiders.

Madoff Trustee Hits Dead End in Suits Against Banks

Jan Wolfe : The Litigation Daily : January 30, 2014

The U.S. Supreme Court has finally put an end to Irving Picard's quest to recover billions of dollars from HSBC, UniCredit and other banks he accused of facilitating Bernard Madoff's fraud.

Wachtell Partner Departs to Start Exec Comp Boutique

Brian Baxter : The Am Law Daily : January 27, 2014

Jeremy Goldstein has bid adieu to the Black Rock, the New York headquarters of Wachtell, Lipton, Rosen & Katz, where he was a partner for the past six years. In launching his own boutique, the 40-year-old Goldstein leaves behind a firm that had the highest profits per partner in the country last year.

The Churn: Paul Weiss, Squire Patton Make New Hires, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 27, 2014

A big week for lateral moves saw Paul Weiss pluck a prominent prosecutor, the newly minted Squire Patton Boggs make another key addition and a rare departure from Wachtell Lipton. The Am Law Daily has the lowdown on the latest comings-and-goings from throughout The Am Law 200.

Firth Rixson's Sale to Alcoa Draws Three Am Law Firms

Vinayak Balasubramanian : The Am Law Daily : January 26, 2014

Alcoa said it would buy the jet engine component producer for $2.85 billion. Wachtell, Lipton, Rosen & Katz and Crowell & Moring advised Alcoa, while Paul, Weiss, Rifkind, Wharton & Garrison counseled Firth Rixson.

The Careerist: Sexiest Law Firm in the World

Vivia Chen : The Careerist : January 25, 2014

Who gets the prize for sex appeal, prestige and verbal complexity in the legal business?

Dealmaker of the Week: Cleary Gottlieb Steen & Hamilton's Matthew Salerno

Vinayak Balasubramanian : The Am Law Daily : January 20, 2014

Salerno led the Cleary team advising on medical device maker Medtronic Inc.'s $42.9 billion purchase of Dublin-based Covidien—a deal that will reincorporate the combined company in Ireland.

New Deals

: New York Law Journal : January 19, 2014

In the latest, and perhaps largest, example of a U.S. company ditching its borders, medical device maker Medtronic Inc. announced Sunday it would purchase Dublin-based Covidien in a $42.9 billion deal that would move the combined company to Ireland. Also, Priceline Group said Friday it has agreed to buy online restaurant-reservation service OpenTable.com for $2.6 billion in cash.

Weekend Reading: Hogan Lovells on North Korea's 'Genocide'

Brian Baxter : The Am Law Daily : January 19, 2014

An Am Law Daily compendium of compelling tales, such as the case for African-American reparations, Drinker Biddle's Native American pro bono work that cost it pro football business and Hogan Lovells' report on the tragedy taking place in North Korea that the world has forgotten.

Marketplace

Monica Paquette : New York Law Journal : January 18, 2014

RXR Realty has closed on the deal to acquire 61 Broadway for $330 million, after being in contract for about two months. Also, Delshah Capital has purchased an office building at 221 W. 17th St. for $26.4 million.

Unit Confronts 'Staggering' Conviction Review Caseload

Andrew Keshner : New York Law Journal : January 17, 2014

Six months after Brooklyn District Attorney Kenneth Thompson took office, his Conviction Review Unit is working its way through the cases of about 90 defendants in a groundbreaking effort that defense lawyers have generally welcomed.

Wachtell, Willkie Get Call For Telecom, Transport Tie-Ups

Brian Baxter : The Am Law Daily : January 16, 2014

The Am Law 100 firms are handling the latest round of consolidation in the telecommunications sector, as Level 3 Communications seeks to buy TW Telecom for $5.68 billion, along with another transportation tie-up that will create the largest U.S.-listed dry bulk carrier.

Medtronic Heads to Ireland with $42.9 Billion Covidien Buy

Vinayak Balasubramanian : The Am Law Daily : January 16, 2014

A handful of Am Law firms with expertise in corporate inversions are advising as medical device maker Medtronic lowers its tax obligations by reincorporating in Ireland through its acquisition of Covidien.

Shale Mania a Boon to Half-Dozen Firms

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

Two companies linked to billionaire Aubrey McClendon—one of the foremost backers of the so-called U.S. shale gas revolution—made big moves in the energy space Monday. A handful of big firms have landed roles on both matters.

Big Energy Deals of 2013

Brenda Sapino Jeffreys : Texas Lawyer : January 09, 2014

The Lone Star State is a driving force in the energy business, so it's not surprising that four of the 10 largest Texas deals in 2013 were energy transactions.

Texas' Top Deals of 2013

Brenda Sapino Jeffreys : Texas Lawyer : January 06, 2014

The following deals, involving at least one Texas-based company, were announced in 2013.

New Deals

: The Am Law Daily : January 05, 2014

Ventas said on Monday that it will acquire American Realty Capital Healthcare Trust in a stock-and-cash transaction valued at $2.6 billion. Also, four firms have landed roles in connection with the sale of 24 Hour Fitness by Forstmann Little & Co., the New York-based buyout shop that has been liquidating its portfolio following the November 2011 death of its cofounder.

Big Duty-Free Deal Pulls in Legal Squadron

Brian Baxter : The Am Law Daily : January 04, 2014

Enough lawyers to fill an airport terminal are advising on the $1.7 billion sale of Nuance Group to Swiss travel retail rival Dufry AG, owner of U.S. newsstand chain Hudson News.

Texas' Top Deals of 2013

Brenda Sapino Jeffreys : Texas Lawyer : January 03, 2014

The following deals, involving at least one Texas-based company, were announced in 2013.

Am Law 100 Trio Advises on $2.6 Billion Senior Housing Buy

MP McQueen : The Am Law Daily : January 02, 2014

Wachtell is representing Ventas in its acquisition of American Realty Capital Healthcare Trust in the stock-and-cash transaction, while Proskauer Rose and Venable are counseling ARC.

Ruling on Fee-Shifting Bylaws Raises Hackles

William Savitt : The National Law Journal : January 02, 2014

Delaware Supreme Court decision on loser-pay provisions prompts calls for new legislation.

Four Firms Score With Record-Setting Clippers Sale

Brian Baxter : The Am Law Daily : January 30, 2014

Covington & Burling, Greenberg Glusker Fields Claman & Machtinger, Kirkland & Ellis and Proskauer Rose are advising on what could prove to be the most lucrative sale of a professional sports team in U.S. history in former Microsoft CEO Steve Ballmer's proposed $2 billion bid to acquire the National Basketball League's Los Angeles Clippers. But a mammoth antitrust suit looms.

Big Deals

David Marcus : The American Lawyer : January 29, 2014

Novartis / Glaxo / Eli Lilly; TIAA-CREF / Nuveen; Mallinckrodt / Questcor; Blackstone / Gates

The Diversity Crisis: Big Firms' Continuing Failure

Julie Triedman : The American Lawyer : January 29, 2014

Large firms have long lagged in matters of diversity, and their record on hiring and promoting African-Americans is especially bleak. Why have firms fallen so short, and what can be done about it?

Valeant Makes Skin Care Licensing Deal Amid Allergan Offer

Vinayak Balasubramanian : The Am Law Daily : January 28, 2014

Six Am Law 100 firms are advising as Valeant sells the licensing rights to several skin care products to Nestle for $1.4 billion as it ups its unsolicited bid for Botox maker Allergan.

N.Y. Panel Affirms Dismissal of Discovery Motion in Shareholder Derivative Suit

Suevon Lee : Delaware Business Court Insider : January 28, 2014

New York courts should follow Delaware's no-discovery rule once a shareholder plaintiff has made a presuit demand upon a corporate board that is refused, a unanimous panel on the Appellate Division, First Department held last week.

Panel Upholds Citigroup Directors' Rejection of Claim

Brendan Pierson : New York Law Journal : January 23, 2014

A unanimous First Department panel upheld the dismissal of a shareholder derivative lawsuit against more than 20 current and former Citigroup, Inc. executives and directors, including former CEO Charles Prince.

Panel Affirms Dismissal of Discovery Motion in Shareholder Derivative Suit

Suevon Lee : Commercial Litigation Insider : January 23, 2014

New York courts should follow Delaware's no-discovery rule once a shareholder plaintiff has made a pre-suit demand upon a corporate board that is refused, a unanimous panel on the Appellate Division, First Department held Thursday.

Judge Dismisses Investor Suit Against Citigroup

Jan Wolfe : The Litigation Daily : January 22, 2014

A Citigroup Inc. shareholder has hit a dead end in a lawsuit alleging that the bank didn't properly investigate its bets on collateralized debt obligations, marking a win for attorneys at Cravath, Paul Weiss and Wachtell.

New Deals

Brian Baxter : The Am Law Daily : January 22, 2014

At least a dozen firms are advising on telecommunications giant AT&T's proposed $48.5 billion acquisition of DirecTV. Also, Darden Restaurants has agreed to sell Red Lobster to private equity firm Golden Gate Capital for $2.1 billion in cash.

Renewed Focus on Corporate Director Tenure

David A. Katz and Laura A. McIntosh : New York Law Journal : January 22, 2014

In their Corporate Governance column, David A. Katz, a partner at Wachtell, Lipton, Rosen & Katz, and Laura A. McIntosh, a consulting attorney for the firm, write: Institutional Shareholder Services and other shareholder activist groups are beginning to include director tenure in their checklists as an element of director independence and board composition.

Clifford Chance and Cleary Lead on Abbott Labs Pharma Deal

MP McQueen : The Am Law Daily : January 20, 2014

Abbott turned to Clifford Chance on its buy of a controlling stake in Chilean drugmaker CFR Pharmaceuticals, with Cleary advising CFR.

Pity the Poor One Percenter

Vivia Chen : The National Law Journal : January 19, 2014

Big Law has lots of 1 percenters. But are you a business-class 1 percenter or just a coach-class type?

GCs, Board Members Rank Their Favorite Firms

Sherry Karabin : Corporate Counsel : January 16, 2014

A trade magazine and consultancy have come out with their rankings, which don't deviate from the usual crop of top law firms.

Four Am Law Firms Dine on Red Lobster Sale

Brian Baxter : The Am Law Daily : January 16, 2014

Latham and Wachtell are advising Darden Restaurants on the $2.1 billion cash sale of seafood chain Red Lobster to longtime Kirkland & Ellis private equity client Golden Gate Capital. But some activist investors aren't happy.

Am Law Duo Put to Bed $1.3 Billion Hotel Venture

Brian Baxter : The Am Law Daily : January 13, 2014

Wachtell and Schulte Roth are advising on the sale of a portfolio of hotel properties by Chatham Lodging Trust and Cerberus Capital Management to a new joint venture led by Chatham and NorthStar Realty Finance Corp.

Wachtell, Simpson Handle $1.65 Billion Payments Deal

Brian Baxter : The Am Law Daily : January 12, 2014

Vantiv has turned to Wachtell, Lipton, Rosen & Katz for counsel on its acquisition of Mercury Payment Systems from private equity firm Silver Lake Partners.

The Score: Ex-Patterson Belknap Partner Parsons to Head Clippers

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

As NBA Commissioner Adam Silver pushes Donald Sterling to sell the Los Angeles Clippers, the drama swirling around the team adds new players with ties to Patterson Belknap and Kaye Scholer.

Firms Ranked by Value Per Lawyer

: The American Lawyer : January 08, 2014

This year marks the 10th year that we've ranked firms by our value per lawyer metric—and the 10th consecutive year that Wachtell, Lipton, Rosen & Katz has led the rankings.

Chancery Court Upholds Sotheby's Poison Pill

Jeff Mordock : Delaware Business Court Insider : January 07, 2014

The Delaware Court of Chancery has denied activist investor Daniel S. Loeb's lawsuit to overturn auction house Sotheby's poison pill plan and enjoin the company's 2014 annual meeting. In issuing the opinion, the court held that Loeb failed to prove the plan unfairly limited stockholder rights and discriminated against activist investors.

Latham Leads on Big Shale Sale

Brian Baxter : The Am Law Daily : January 07, 2014

The firm is advising Freeport-McMoRan Copper & Gold's oil and gas unit on the $3.1 billion sale of its Eagle Ford shale assets in Texas, the latest in a string of U.S. energy deals announced over the past week.

Three Murder Convictions Vacated in Brooklyn

Andrew Keshner : New York Law Journal : January 07, 2014

Three half-brothers had their decades-old murder convictions vacated yesterday at the request of Brooklyn prosecutors, marking the first vacaturs since District Attorney Kenneth Thompson took over a closely-watched review of cases linked to a retired detective.

Second Circuit Strikes Down Mammoth UBS Class Action

Jan Wolfe : The Litigation Daily : January 06, 2014

A long-running securities class action against UBS AG finally bit the dust on Tuesday, courtesy of an appeals court decision that further limits the extraterritorial reach of U.S. securities laws.

IN BRIEF: NBA Turns to Skadden

: The National Law Journal : January 05, 2014

National Basketball Association general counsel Richard Buchanan is suiting up for what could prove a major legal battle with Donald Sterling, the Los Angeles Clippers owner whom the NBA banned for life on April 29. Plus more from NLJ.com and other ALM publications.

Wachtell, Willkie, Gibson Dunn Forge Sotheby's Peace

Brian Baxter : The Am Law Daily : January 05, 2014

The Am Law 100 trio is part of a half-dozen firms advising on an agreement to end a nasty proxy fight between activist investor Daniel Loeb and the venerable auction house.

May 2014 Deals & Suits

: Corporate Counsel : January 01, 2014

New Deals

: New York Law Journal : January 01, 2014

The healthcare industry continues to dominate the M&A market with the announcement last week that Zimmer Holdings has agreed to acquire rival medical device specialist Biomet Inc. The cash-and-stock deal is worth $13.35 billion. Also, six major firms have tuned in for the latest episode in Comcast's dramatic $45 billion acquisition of Time Warner Cable.

The Careerist: Ex-Sullivan & Cromwell Lawyer to Wed Sex Symbol

Vivia Chen : The Careerist : January 01, 2014

News and gossip about lawyers in love.

Kirkland Grabs Role on Big Bankruptcy From Bygone Era

Brian Baxter : The Am Law Daily : January 30, 2014

Energy Future Holdings Corp., the Texas energy giant once known as TXU, filed for bankruptcy Tuesday in Delaware.

Four Firms Advise on Two Big Breakups

Brian Baxter : The Am Law Daily : January 30, 2014

Wachtell, Cravath, Bryan Cave and Hogan Lovells handle corporate splits at Energizer and Alliant Techsystems.

Wachtell Probe Results in Severe Penalties for Clippers Owner

Ross Todd : The Am Law Daily : January 29, 2014

Following an investigation led by Wachtell's David Anders, NBA commissioner Adam Silver announced that L.A. Clippers owner Donald Sterling would be fined $2.5 million and banned from the league for life after making racist comments.

Ackman Pressed SEC to Preserve Rules on Beneficial Reporting

Hilary Johnson : The American Lawyer : January 29, 2014

It's no accident that Pershing Square chief Bill Ackman used the Securities and Exchange Commission's beneficial ownership reporting requirements to his advantage in his joint bid with Valeant for Allergan.

Am Law 100 Firms Tune In for Comcast Deal With Charter

Chris Johnson : The Am Law Daily : January 28, 2014

Kirkland, Wachtell, Davis Polk, Willkie Farr, Fried Frank and Simpson Thacher advise on Comcast's deal to transfer 1.4 million cable subscribers to Charter.

Five Am Law Firms Advise on Forest Labs M&A Deals

Tom Huddleston Jr. : The Am Law Daily : January 28, 2014

Forest Laboratories is paying $1.46 billion for Furiex Pharmaceuticals while also selling Furiex's royalties on two products to Royalty Pharma for $415 million.

The 2014 Am Law 100: The Super Rich Get Richer

: The American Lawyer : January 28, 2014

The American Lawyer's annual report on the nation's top-grossing law firms.

New SEC Rules Give Companies More Social Media Options

Hilary Johnson : The American Lawyer : January 24, 2014

The U.S. Securities and Exchange Commission's new guidance on social media allows corporations to deploy tools such as Twitter to their advantage in offerings, business combinations and proxy contests.

The Careerist: Only Women and Wimps Work Part-Time

Vivia Chen : The Am Law Daily : January 22, 2014

What the latest Yale Law Women's report on law firms really tells us.

Dealmakers of the Year: Steven Rosenblum, Wachtell

Tom Huddleston Jr. : The American Lawyer : January 21, 2014

Activist investors, rival bids, and a high-profile founder: The buyout of a once-prosperous computer maker was 2013's corporate soap opera.

The Careerist: Wachtell Lipton Is Family Friendly?

Vivia Chen : The Careerist : January 21, 2014

The ultimate high-intensity firm is also sensitive to personal needs?

Obituary: Leonard Rosen

John Caher : New York Law Journal : January 18, 2014

Leonard Rosen, a founding partner of Wachtell, Lipton, Rosen & Katz and a renowned bankruptcy attorney who represented the City of New York during its 1975 financial crisis and stood up for lenders in the Chrysler bailout in the early 1980s, died Wednesday at the age of 83.

Am Law Trio on Motorola Unit Sale

Tom Huddleston Jr. : The Am Law Daily : January 15, 2014

Kirkland, Wachtell and Winston & Strawn land roles on Zebra Technologies' purchase of a Motorola Solutions unit.

Skadden on Board for Endurance's Hostile Aspen Bid

: The Am Law Daily : January 14, 2014

The firm is advising Endurance Specialty Holdings on its $3.2 billion hostile bid for Aspen Insurance Holdings.

Public Service Recognized

Rick Kopstein, Photographer : New York Law Journal : January 11, 2014

The City Bar Justice Center's ninth annual gala honored Wachtell, Lipton, Rosen & Katz and UBS for their leadership and dedication to pro bono and public service, and raised a record $1.3 million.

Fee Tracker: Big Legal Bills for Gibson Dunn

Brian Baxter : The Am Law Daily : January 08, 2014

The Am Law Daily's periodic tabulation of notable fees earned—or owed—to Am Law 200 firms on a variety of engagements starts off with Gibson, Dunn & Crutcher, which is reaping the benefits from its work in New Jersey's Bridgegate scandal. The firm is also representing the Garden State in a sports gambling case and counseling the American Foundation for Equal Rights in a high-profile gay marriage fight in California. And that's not even including what the firm is seeking for advising energy giant Chevron.

Two Major Pharma M&A Deals Yield Big-Firm Bonanza

Brian Baxter : The Am Law Daily : January 07, 2014

Weil, Wachtell, Shearman, Simpson, Latham and Davis Polk all got the year's second quarter off to a strong start by grabbing roles on one of two big pharmaceutical deals announced Monday: Irish specialty drugmaker Mallinckrodt's $5.6 billion cash-and-stock purchase of California's Questcor Pharmaceuticals and India's Sun Pharmaceutical Industries' $3.2 billion buy of struggling rival Ranbaxy Laboratories.

IPO With Paul Weiss Link Delayed Amid 'Flash Boys' Furor

: The Am Law Daily : January 03, 2014

With the storm kicked up by Michael Lewis' new book about high-frequency trading continuing to swirl, Virtu Financial—a high-speed trading outfit headed by former Paul, Weiss, Rifkind, Wharton & Garrison corporate partner Douglas Cifu—has pushed back its planned initial public offering. Paul Weiss is just one of several Am Law 100 firms with ties to the controversial industry.

Chief Justice Strine to Speak At ABA Section Meeting

: Delaware Law Weekly : January 02, 2014

Delaware Supreme Court Chief Justice Leo E. Strine Jr. is set to participate in the American Bar Association Section of International Law's spring meeting.

Q&A: Brian Farkas on Chancery Court's Arbitration Program

Suevon Lee : Delaware Business Court Insider : January 01, 2014

On March 24, the U.S. Supreme Court denied certiorari in Strine v. Delaware Coalition for Open Government, involving a challenge over the constitutionality of the novel, short-lived program in Delaware that allowed the state's Court of Chancery judges to serve as arbitrators.

April 2014 Deals & Suits

: Corporate Counsel : January 01, 2014

HP Reaches $57 Million Deal to End Class Action Over WebOs

David Bario : The Litigation Daily : January 01, 2014

Hewlett-Packard shocked investors when it pulled the plug on the company's much-touted WebOs operating system and signaled a wholesale shift in business strategy. Now HP and its lawyers at Morgan Lewis and Gibson Dunn have agreed to a $57 million settlement to make investor claims over the episode go away.

The Activist Shareholders Wachtell's Lipton Likes

Hilary Johnson : The American Lawyer : January 31, 2014

Martin Lipton, it turns out, can articulate a grudging respect for a few activist investors if pressed.

Wachtell Partners Urge Action on Beneficial Reporting Rules

Hilary Johnson : The American Lawyer : January 31, 2014

A group of Wachtell, Lipton, Rosen & Katz partners believes the U.S. Securities and Exchange Commission is dragging its heels on making changes to its reporting rules that could rein in activist investors.

Cover Story: Dealmakers of the Year 2014

: The American Lawyer : January 31, 2014

A dozen attorneys who distinguished themselves with their work on the year's most notable transactions.

One Analysis Shows Activist Shareholders May be A Boon

Hilary Johnson : The American Lawyer : January 31, 2014

With all the talk about the impact of activist investors, there appears to be some evidence that their actions do, in fact, benefit shareholders.

Dealmakers of the Year: Standout Lawyers in Tough Times

Ross Todd : The American Lawyer : January 31, 2014

The lawyers behind the most innovative corporate work, plus the details of the transactions they negotiated.

Big Deals

David Marcus : The American Lawyer : January 31, 2014

Comcast/Time Warner Cable; Actavis / Forest Labs; Facebook / WhatsApp; Santander Consumer USA IPO; Carlyle / J&J Diagnostics Unit

Shareholder Activism in the M&A Context

David A. Katz and Laura A. McIntosh : New York Law Journal : January 27, 2014

In their Corporate Governance column, David A. Katz, a partner at Wachtell, Lipton, Rosen & Katz, and Laura A. McIntosh, a consulting attorney for the firm, write: Shareholder activism is poised to have an even greater impact in the M&A context this year and companies should be aware of and prepared for this possibility if they pursue an M&A transaction.

Big Firms Hitch Ride on River of U.S., Global IPOs

Brian Baxter : The Am Law Daily : January 27, 2014

Wilson Sonsini, Latham & Watkins, Fenwick & West and Cooley are among the Am Law 100 firms reaping the benefits of a surge in activity on the initial public offering front so far this year. And with the IPO pipeline packed, more large firms are poised to help corporate clients tap the capital markets.

Q&A: Brian Farkas on Delaware Chancery's Arbitration Program

Suevon Lee : Commercial Litigation Insider : January 24, 2014

On Monday morning, the U.S. Supreme Court denied certiorari in the challenge over the constitutionality of Delaware's short-lived arbitration program. CLI spoke with Manhattan litigator Brian Farkas on the back story and why the Third Circuit may have left the door open.

The Am Law 100, the Early Numbers: Kirkland Tops $2 Billion in Revenue for First Time

Susan Beck : The Am Law Daily : January 20, 2014

Kirkland & Ellis passed the $2 billion revenue mark for the first time in 2014, while the firm's profits per partner rose just 1 percent, to $3.278 million, according to The American Lawyer's reporting.

Bebchuk Fires Back at Lipton in Williams Act Debate

Hilary Johnson : The American Lawyer : January 18, 2014

The contentious debate over the validity of the so-called poison pill defense against unsolicited corporate takeover continued to simmer Monday, after Harvard Law School professor Lucian Bebchuk parried Wachtell founding partner Martin Lipton's scathing response to a recent paper coauthored by Bebchuk.

Lipton Rebuts Latest Bebchuk Theory on Poison Pill Defense

Hilary Johnson : The American Lawyer : January 16, 2014

Not surprisingly, Wachtell founding partner Martin Lipton has penned a scathing response to a recent paper in which Harvard Law School professor Lucian Bebchuk and a colleague suggested that a 45-year-old federal law is the best weapon for defeating the so-called poison pill defense against unsolicited corporate takeovers.

Clinton-Era Documents Detail White House Legal Discussions

Todd Ruger and Zoe Tillman : Legal Times : January 14, 2014

The latest release of previously secret documents from the Clinton White House offered a behind-the-scenes look into how the administration handled a U.S. Supreme Court decision and a billion-dollar fraud lawsuit against major tobacco companies. Here are those and some other high points from about 4,000 pages of documents—released Friday by The National Archives—that includes correspondence between Bill and Hillary Clinton and their aides.

Lions Gate to Pay $7.5 Million for Misleading Investors

Susan Beck : The Litigation Daily : January 13, 2014

The Securities and Exchange Commission found that Lions Gate, advised by Wachtell Lipton, gave its shareholders misleading information about a major stock transaction that was designed to thwart corporate raider Carl Icahn's takeover bid.

Simpson, Skadden Handle $1.1 Billion Renaissance Deal

Tom Huddleston Jr. : The Am Law Daily : January 13, 2014

The Am Law 100 firms have grabbed the lead outside counsel roles on Hellman & Friedman's purchase of education software company Renaissance Learning from U.K. buyout firm Permira, with Simpson advising Hellman and Skadden representing Permira.

Mineral Company Taps Cravath for Big M&A Buy

Brian Baxter : The Am Law Daily : January 10, 2014

Cravath, Swaine & Moore is advising Minerals Technologies on its $1.74 billion acquisition of Amcol International, which is being advised by Kirkland & Ellis. The offer by Minerals Technologies topped a rival bid made last month by French specialty materials maker Imerys and its lawyers from Skadden and Fried Frank.

Law Profs Bebchuk, Johnson Float Poison Pill Preemption Tactic

Hilary Johnson : The American Lawyer : January 05, 2014

Two legal academics say it is time for a close examination of a 45-year-old federal statute that they believe could be employed to preempt state laws that allow so-called poison pill defenses against unwanted corporate takeovers.

The Importance of Boardroom Influence in Finding Control

William Savitt and Ryan A. McLeod : Delaware Business Court Insider : January 05, 2014

Labels matter. Under Delaware law, few labels are more consequential than that of "controlling stockholder." Controllers, unlike other stockholders, owe fiduciary duties to their fellow stockholders, and—as the decisions inC.A. No. 758-CC (Del. Ch. Oct. 2, 2009), and, more recently,C.A. No. 6354-VCN (Del. Ch. Apr. 5, 2013), showed—their presence in even a third-party transaction can affect the standard of review applied to such a transaction.

Deals & Suits

: Corporate Counsel : January 01, 2014

Big Suits

Susan Beck, Rebekah Mintzer, Ross Todd, Jan Wolfe and Sheri Qualters : The American Lawyer : January 27, 2014

U.S. v. JPMorgan Chase; In re Payment Card Interchange Fee Antitrust Litigation; Swatch v. Tiffany; In re: Southeastern Milk Antitrust Litigation

Several Amicus Briefs Filed in Support of Chancery's Arbitration Program

Jeff Mordock : Delaware Business Court Insider : January 26, 2014

A large batch of amicus briefs—from 23 law firms as well as business groups—have been filed with the U.S. Supreme Court in support of the Delaware Court of Chancery's confidential arbitration program.

Maura Grossman on Predictive Coding, Cowboy Boots and Fruit Loops

Monica Bay : Law Technology News : January 25, 2014

She started as a calligrapher, then became a psychologist, and now as a lawyer is an e-discovery leader.

Brooklyn D.A. Names Advisers for His Review of Convictions

Andrew Keshner : New York Law Journal : January 24, 2014

As New York City averted a lawsuit from David Ranta, who spent 23 years in prison for a now-vacated murder conviction, the Brooklyn District Attorney's Office announced the appointment of an outside advisory panel to help review other questionable convictions.

Law Firms Back Narrow Right of Court Access in Delaware Appeal

Ross Todd : The Litigation Daily : January 24, 2014

Two dozen major law firms came together on Monday to send an unlikely message to the U.S. Supreme Court: It's time to clamp down on open access to government.

Dealmaker of the Week: Latham's Charles Ruck

Tom Huddleston Jr. : The Am Law Daily : January 21, 2014

Ruck, along with fellow Orange County M&A partner R. Scott Shean, led the Latham team advising Actavis on its $25 billion acquisition of specialty pharmaceuticals company Forest Laboratories.

New Deals

Tom Huddleston Jr. : The Am Law Daily : January 20, 2014

One month after Time Warner Cable rejected a takeover bid as "grossly inadequate," the nation's second-largest cable company has attracted a better offer. Also, generic drug maker Actavis has said it will buy Forest Laboratories.

Latham, Wachtell Lead on $25 Billion Actavis-Forest Labs Deal

Tom Huddleston Jr. : The Am Law Daily : January 18, 2014

Dublin-based generic drug maker Actavis is buying Forest Laboratories in a $25 billion cash-and-stock deal that increases Actavis' access to specialty drugs. Latham is advising longtime client Actavis on the deal, while Forest has turned to Wachtell. Other firms working on the deal include Skadden, which is counseling Actavis on antitrust issues, as well as Fried Frank and Simpson Thacher, which are representing financial advisers Greenhill & Co. and J.P. Morgan, respectively.

Am Law Firms Feast on Comcast's Big Time Warner Buy

Tom Huddleston Jr. : The Am Law Daily : January 13, 2014

Davis Polk and Willkie are advising Comcast, which announced Thursday that it has reached an agreement to buy Time Warner Cable in an all-stock transaction valued at roughly $67 billion, including some $21.8 billion in assumed debt. Paul Weiss and Skadden are representing Time Warner in the matter, and Simpson Thacher has also landed a role.

SEC's Canellos Returns to Milbank as Shearman Picks Up Orrick Heavyweights

Julie Triedman : The Am Law Daily : January 13, 2014

Wednesday was a day of musical chairs for the New York securities bar. One top securities litigator and government enforcer opted to return to his longtime law firm, while another prominent practitioner landed at his fourth firm in eight years.

SEC's Canellos Returns to Milbank as Shearman Picks Up Orrick Heavyweights

Julie Triedman : The Litigation Daily : January 12, 2014

Wednesday was a day of musical chairs for the New York securities bar. One top securities litigator and government enforcer opted to return to his longtime law firm, while another prominent practitioner landed at his fourth firm in eight years.

Latham Lands Roles on Two Deals Totaling $3.2 Billion

Brian Baxter : The Am Law Daily : January 11, 2014

Latham & Watkins is advising longtime private equity client The Carlyle Group on its $1.9 billion sale of Veyance Technologies to German tire and auto parts maker Continental AG, and Cadence Pharmaceuticals on its $1.3 billion sale to Ireland's Mallinckrodt. A half-dozen other Am Law 100 and foreign firms are also working on the transactions.

Dissenters Pose Bigger Risks to Corporate Deals

William Savitt : The National Law Journal : January 10, 2014

The appraisal rights of shareholders that object to mergers and acquisitions are gaining strength.

UJA-Federation Recognizes Lawyers

Rick Kopstein, Photographer : New York Law Journal : January 05, 2014

The UJA-Federation of New York honored Wachtell, Lipton, Rosen & Katz partner Theodore N. Mirvis and Kirkland & Ellis LLP partner Edward O. Sassower at the organization's Lawyers Division annual event on Jan. 30.

Technology-Assisted Review Still Triggering Angina

Sherry Karabin : Law Technology News : January 04, 2014

Wachtell, Lipton's Maura Grossman will try to calm lawyers who are intimidated by predictive coding at two LTNY sessions.

Cementing a $2.7 Billion Deal

Brenda Sapino Jeffreys : Texas Lawyer : January 03, 2014

Frederick Anderson, vice president, general counsel and secretary of Texas Industries, turned to Wachtell, Lipton, Rosen & Katz for the Dallas company's pending acquisition by Martin Marietta Materials in a deal valued at about $2.7 billion.

Is Reliance on Lateral Hiring Destabilizing Firms?

William Henderson and Christopher Zorn : The American Lawyer : January 03, 2014

More than ever, firms look to laterals to boost profitability. But the data shows that it's not working.

Deals & Suits

: Corporate Counsel : January 01, 2014

New Deals

: The American Lawyer : January 30, 2014

Two years after the collapse of its attempted takeover of rival Vulcan Materials, Martin Marietta Materials said Tuesday it will pay $2.7 billion to acquire Dallas-based cement-maker Texas Industries. Also, China's Lenovo Group has agreed to acquire the IBM's low-end server division for $2.3 billion.

Fee Tracker: Super Bowl, Patent Battles and More

Brian Baxter : The Am Law Daily : January 30, 2014

In our latest installment of the Fee Tracker, The Am Law Daily looks at the legal fees paid by several leading nonprofit organizations in the news, such as the NY/NJ Super Bowl XLVIII Bidding Committee, the Alfred E. Mann Foundation for Scientific Research and the UJA-Federation of New York, which recently hired a top Paul, Weiss, Rifkind, Wharton & Garrison litigation partner as its new leader.