Wachtell, Lipton, Rosen & Katz Law Firm Profile

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

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  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
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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.  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 2012 Global 100 survey, Wachtell, Lipton, Rosen & Katzranked as the 57th 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 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

O'Melveny Team Delivers $700 Million Investment in XPO Logistics

David Ruiz : The Recorder : September 12, 2014

Singapore- and Canada-based investment funds will own 22 percent of common shares in the transportation logistics company.

Am Law Firms Score on Slew of Financial Services Deals

MP McQueen : The Am Law Daily : September 10, 2014

A handful of Am Law 100 firms took lead roles on recent deals in the financial services sector, including Wachtell, Lipton, Rosen & Katz; Willkie Farr & Gallagher; Skadden, Arps, Slate, Meagher & Flom; and Squire Patton Boggs.

Four Am Law Firms Lead Way on Scandinavian M&A Deals

Valori Corral-Nava : The Am Law Daily : September 08, 2014

Davis Polk, Jones Day, Sidley Austin and Wachtell Lipton advised on two cross-border M&A transactions with a northern European twist worth a combined $4.7 billion.

Lure of the Legal Giants, Plus More Lateral Moves

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

Baker & McKenzie, Jones Day, Norton Rose Fulbright and Squire Patton Boggs all experienced churn to their robust partnership ranks in the first week of September; a high-profile in-house lawyer joins Ballard Spahr as a Bingham McCutchen partner heads the other way; and Milbank brings on a top federal prosecutor in our latest look at notable hires from throughout The Am Law 200.

Freshfields Bolsters U.S. M&A Ranks With Wachtell, Skadden Alums

Brian Baxter : The Am Law Daily : September 03, 2014

The Magic Circle has had its problems trying to make inroads in the U.S., but Freshfields Bruckhaus Deringer, one of the London-based legal giants that has perhaps had the most success stateside, is ramping up its bid for transactional work in New York by hiring two former partners from Wall Street stalwarts Wachtell, Lipton, Rosen & Katz and Skadden, Arps, Slate, Meagher & Flom. The new additions come after Freshfields recently saw two partners depart from its U.S. ranks.

Greenberg's $25 Billion Case Against U.S. Set for Trial

Ross Todd : The Litigation Daily : September 02, 2014

Maurice "Hank" Greenberg's $25 billion lawsuit against the U.S. government over the bailout of American International Group Inc. moved a step closer to trial last week, as a federal judge denied the government's motion for summary judgment.

Lawyers Who Lead by Example

: New York Law Journal : September 02, 2014

The New York Law Journal announces the 2014 honorees for Lawyers Who Lead by Example in three categories: Lifetime Achievement, Public Service and Pro Bono.

September 2014 Deals & Suits

: Corporate Counsel : September 01, 2014

Global Legal Awards: Global M&A Deals of the Year

: The Am Law Daily : August 29, 2014

In this category, The American Lawyer's Global Legal Awards honor the 10 cross-border deals and disputes of 2013 that best exemplify the challenges of transnational legal practice.

Dealmakers of the Week: Kirkland & Ellis' Sorabella and Feirstein

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

As lead advisers for Burger King on its $11.4 billion tie-up with Canadian coffee-and-doughnut chain Tim Hortons, William Sorabella and David Feirstein helped oversee one of the most visible corporate tax inversions yet.

New Deals

: The Am Law Daily : August 28, 2014

Burger King Worldwide Inc. and Canadian chain Tim Hortons Inc. have agreed to an $11.4 billion tie-up that would send the combined company's headquarters north in what may be the most visible corporate tax inversion yet. Also, Roche Holding announced Monday its $8.3 billion acquisition of InterMune, a suburban San Francisco-based company lung disease drug developer.

Greenberg's $25B Case Against U.S. Set for Trial

Ross Todd : The Litigation Daily : August 27, 2014

Maurice Greenberg's $25 billion lawsuit against the U.S. government over the bailout of AIG moved a step closer to trial this week. That trial, set to begin Sept. 29, would feature testimony from former top government officials, as well as some of Wall Street's most prominent banking lawyers.

Burger King, Tim Hortons Feed on Inversion Frenzy

MP McQueen : The Am Law Daily : August 26, 2014

The two fast-food chains have agreed to an $11.4 billion tie-up that would send the combined company's headquarters up to Canada in the latest controversial tax inversion. Advising on the deal are Kirkland & Ellis, Paul Weiss, Wachtell and Munger Tolles, along with Canadian firms Davies Ward and Osler, Hoskin & Harcourt.

With BoA Settlement Comes Shift in Work for Law Firms

Julie Triedman : The Am Law Daily : August 25, 2014

Bank of America Corp.'s $16.65 billion settlement announcement, and the tailing off of the government's enforcement actions, promises to affect a swath of top-tier Wall Street firms. But lawyers at the banks' primary outside counsel said that work continues to flow.

BofA Deal Marks End Of an Era

Julie Triedman and Jenna Greene : The National Law Journal : August 25, 2014

With Bank of America Corp.'s $16.7 billion settlement over the marketing and sale of subprime residential mortgage-backed securities, prosecutors closed out the largest remaining government enforcement actions stemming from the financial crisis.

Judge Axes Retainer for Cotchett From HP Derivative Deal

Marisa Kendall : The Recorder : August 25, 2014

A federal judge in San Francisco said he wouldn't OK a planned partnership between plaintiffs lawyers and Hewlett Packard.

Breyer Axes Retainer for Cotchett From HP Derivative Deal

Marisa Kendall : The Recorder : August 25, 2014

The San Francisco federal judge said he wouldn't bless a planned partnership between plaintiffs lawyers and Hewlett-Packard.

Simpson Thacher Raids Weil in London, Plus More Lateral Moves

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

Weil, Gotshal & Manges debt capital markets partner Gil Strauss has decamped for Simpson Thacher & Bartlett in London; Bank of America adds an Akin Gump partner; a Debevoise & Plimpton partner joins the U.S. State Department; and more notable moves from throughout The Am Law 200.

The In-house Counsel Whose Name Is on the BoA Settlement

Sue Reisinger : Corporate Counsel : August 22, 2014

Jana Litsey, deputy general counsel of Bank of America Corp., signed the largest settlement ever reached between the federal government and a company. Twice.

With BofA Settlement Comes Shift in Work for Firms

Julie Triedman : The Am Law Daily : August 21, 2014

Thursday's record $16.65 billion settlement with Bank of America means a winding down of government action against big banks over residential mortgage-backed securities. But several lawyers say the pipeline for firms representing these banks will remain full, as governments worldwide take aim at foreign exchange rate-setting and Office of Foreign Assets Control investigations.

Katten, Kaye Scholer Skate to Islanders Sale

Brian Baxter : The Am Law Daily : August 20, 2014

Kaye Scholer is counseling the National Hockey League's New York Islanders on its reported $548 million sale to an investor group advised by Katten Muchin Rosenman that will take full control of the franchise in two years. The deal comes a week after Andrew Barroway, a former high-flying Philadelphia plaintiffs lawyer turned hedge fund executive, retained Blank Rome to sue the Islanders' current ownership after it allegedly reneged on a handshake deal to sell him the team.

Dollar General Ups Ante for Family Dollar Stores

MP McQueen : The Am Law Daily : August 19, 2014

In the latest development involving the potential sale of Family Dollar Stores, Dollar General and its attorneys at Simpson Thacher & Bartlett have offered nearly $9 billion for the bargain store chain, trumping an earlier $8.5 billion bid by Dollar Tree.

Lawsuit-Palooza: Firms Embroiled in Real Estate Disputes, Case Conflicts

MP McQueen : The Am Law Daily : August 18, 2014

Boies Schiller, Wachtell, Greenberg Traurig and Duane Morris are in the news. Plus, a new study says real estate and conflicts-of-interest cases are hot spots for firms.

New Deals

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

In a reversal of trend of U.S. companies moving overseas to save on taxes, Walgreens said on Wednesday it would buy the stake in Alliance Boots it doesn't already own, for $15.3 billion in cash and stock but keep its current Illinois tax address once it takes full ownership of the chain. Also, NorthStar Realty Finance Corp. said on Tuesday it would acquire Griffin-American Healthcare REIT II Inc. for approximately $3.4 billion in cash and stock.

Six Firms Assist on Latest Health Care REIT Merger

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

Arnold & Porter, Sidley Austin, Shumaker Loop and a trio of leading Canadian firms are advising on a deal that will see Health Care REIT, the largest U.S. health care landlord by market value, acquire HealthLease Properties for $950 million. The transaction value could surge to $2.3 billion when accounting for sidecar deals with Mainstreet Property Group.

Top Tax Lawyers Mum on Inversion Debate

Susan Beck : The Am Law Daily : August 12, 2014

More than a decade ago, when corporate inversions came under scrutiny, a group of leading New York tax lawyers—headed by a Paul Weiss partner and including partners from Skadden, Sullivan & Cromwell, and Cravath—took a principled stand and called for urgent action to stop these deals. Twelve years later, a new wave of inversions has sparked controversy and calls for reform. This time the corporate tax bar's lawyers are silent.

Dealmakers of the Week: Wachtell's Brownstein and Roth

Wenxiong Zhang : The Am Law Daily : August 08, 2014

Wachtell, Lipton, Rosen & Katz's corporate partners Andrew Brownstein and Benjamin Roth helped lead the way on Walgreens' acquisition of the remaining stake in Alliance Boots for $15.3 billion in cash and stock.

Walgreens Resists Tax Inversion in Acquiring Alliance Boots

Wenxiong Zhang : The Am Law Daily : August 06, 2014

Walgreens will pay $15.3 billion for the remaining stake in Europe's largest pharmacy chain but will not reincorporate overseas to save on taxes. Wachtell, Lipton, Rosen & Katz, Allen & Overy and Simpson Thacher & Bartlett advised on the deal.

Gannett Splits Media Business While Buying Out Cars.com

MP McQueen : The Am Law Daily : August 05, 2014

Wachtell, Nixon Peabody, Skadden and Davis Polk advise as yet another media company offloads slower-growing legacy publications. Gannett is separating its publishing business, including USA Today, while paying $1.8 billion for Cars.com.

Proposed HP Class Action Settlement Challenged - Again

Marisa Kendall : The Recorder : August 04, 2014

Ted Frank's Center for Class Action Fairness says an HP class should be decertified because the plaintiffs' counsel has a conflict.