Wachtell, Lipton, Rosen & Katz Law Firm Profile

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on Wachtell, Lipton, Rosen & Katz

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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 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 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

A Peek Inside Wachtell's Black Box

Susan Beck : The American Lawyer : January 29, 2015

Evidence in a malpractice suit sheds light on the elite firm's billing practices.

Big Deals

: The American Lawyer : January 29, 2015

PetSmart, Riverbed LBOs; Merck / Cubist; Visteon Stake Sale; GIC / IndCor Properties; NextEra / Hawaiian Electric; Paramount Group IPO

Big Suits

David Bario, Scott Flaherty and Rebekah Mintzer : The American Lawyer : January 29, 2015

U.S. v. Newman and Chiasson; In Re Forex Benchmark Rates and Antitrust Litigation; Harris Country v. International Paper; In re Bernard L. Madoff Investment Securities; SimpleAir v. Google

Thompson Says Review Unit Will Take on Non-Murder Cases

Joel Stashenko : New York Law Journal : January 29, 2015

Brooklyn District Attorney Kenneth Thompson, speaking at the Presidential Summit at the annual meeting of the New York State Bar Association Wednesday, said said the flurry of publicity that has accompanied the 11 murder convictions his office moved to vacate has also produced potentially credible claims of wrongful convictions in non-murder felony cases from defendants, their families and lawyers.

The Lateral Report: 2014's All-Star Hires

: The American Lawyer : January 29, 2015

Twenty of the most notable and intriguing lateral moves of the year.

Deal Watch: Three Am Law Firms Advise on $18 Billion Energy Buy

Jennifer Henderson : The Am Law Daily : January 29, 2015

The $18 billion merger between Energy Transfer Partners and Regency Energy Partners tops a roundup of eight deals breaking the billion-dollar mark this week.

Banks Lose Bid to Escape Forex Antitrust Class Action

Scott Flaherty : The Litigation Daily : January 28, 2015

A Manhattan federal judge on Wednesday delivered an early-inning win to plaintiffs lawyers at Hausfeld LLP and Scott & Scott in a suit accusing a dozen major banks of widespread manipulation of the $5 trillion-a-day foreign exchange market.

Banks Lose Bid to Escape Forex Antitrust Class Action

Scott Flaherty : Commercial Litigation Insider : January 28, 2015

Less than a month after JPMorgan Chase & Co. reached a settlement in the case, U.S. District Judge Lorna Schofield refused to dismiss consolidated class action claims against a group of financial industry giants including Bank of America Corp., Barclays PLC and Citigroup Inc. Schofield held that the plaintiffs plausibly alleged an antitrust conspiracy in which the banks' top forex traders agreed to rig the market for more than a decade.

Dealmaker of the Week: Trevor Norwitz of Wachtell, Lipton, Rosen & Katz

Jennifer Henderson : The Am Law Daily : January 23, 2015

Norwitz advised Dollar Tree Inc. in its $8.5 billion bid for Family Dollar Stores Inc., which ultimately beat out a $9.1 billion bid from rival Dollar General Corp.

Cotchett Takes Another Stab at Settling HP Suit

Marisa Kendall : The Recorder : January 22, 2015

Two plaintiffs firms say Joseph Cotchett should be ousted as lead counsel after three failed bids to settle the case over HP's acquisition of Autonomy.

$137.5M Derivative Accord Contained 'Unprecedented' Terms

Gina Passarella : Delaware Business Court Insider : January 21, 2015

The parties in several shareholder derivative suits filed over a Phoenix company's $19 billion acquisition of two copper and gold mining operations have jointly settled for $137.5 million, according to a settlement agreement signed by the parties.

Patton Boggs Cofounder Donates 100 Works to North Carolina Museum

Nell Gluckman : The Am Law Daily : January 21, 2015

James Patton Jr., founder of the Am Law 100 firm formerly known as Patton Boggs, has donated 100 works from his contemporary art collection to the North Carolina Museum of Art. The 86-year-old chaired Patton Boggs' art committee, which created the firm's own extensive collection, one that Patton believes contributed to its culture and attracted clients.

Hedge Funds Add Top Talent, Plus More Lateral Moves

Brian Baxter : The Am Law Daily : January 20, 2015

Cadwalader, Wickersham & Taft and Kirkland & Ellis saw a pair of leading M&A partners depart for new roles on the business side; a former Bingham McCutchen practice leader lands at Willkie Farr; Skadden snags a leading trusts and estates lawyer; Squire Patton Boggs adds a retired Utah congressman; and other notable hires from throughout The Am Law 200.

Expedia Inc.

Sheri Qualters : The National Law Journal : January 19, 2015

Expedia Inc.'s legal department has struck the right combination of in-house expertise and outside talent to help make the Internet travel company a top competitor in a fast-paced industry.

FDIC Picks Congressional Lawyer for GC Role

Andrew Ramonas : Corporate Counsel : January 16, 2015

The Federal Deposit Insurance Corp. has turned to Capitol Hill for a general counsel, tapping Charles Yi, a former senior congressional staffer.

Credit Suisse in Plaintiffs' Sights After Freeport-McMoRan Deal

Julie Triedman : The Litigation Daily : January 16, 2015

There was plenty about this week's $137.5 million Freeport-McMoRan settlement to fire up the shareholder M&A litigation bar. But the next chapter in the Freeport case could be even more interesting.

Are 'Wolf Pack' Hedge Fund Activists a Dying Breed?

Sue Reisinger : Corporate Counsel : January 15, 2015

Calling 2014 the "year of the wolf pack" because of attacks by hedge fund activists on corporations, a lawyer has compiled significant developments that suggest the trend may be ready to change.

Suits Over Mining Companies' Merger Settle for $137.5M

Gina Passarella : Delaware Business Court Insider : January 15, 2015

The parties in several shareholder derivative suits filed over a Phoenix company's $19 billion acquisition of two copper and gold mining operations have jointly settled for $137.5 million, according to a settlement agreement signed by the parties.

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.

Commercial Division Rulings Target Class Action Accords

Amaris Elliott-Engel : New York Law Journal : January 15, 2015

A non-monetary settlement of a class action brought against a $2.7 billion acquisition in the building materials industry has been rejected by a judge who found the objecting plaintiffs are in the business of "trying to make money from litigation."

New Jersey M&A Market Finally Rebounds in 2014

David Gialanella : New Jersey Law Journal : January 15, 2015

It proved to be a strong rebound year in 2014 for mergers and acquisitions in the U.S., and dealmaking involving New Jersey corporations was no exception. It's a long-awaited development M&A lawyers chalked up largely to a return of confidence to the marketplace.

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.

Two Commercial Division Judges Rule Against Class Action Accords

Amaris Elliott-Engel : Commercial Litigation Insider : January 13, 2015

A Manhattan Commercial Division judge has rejected a non-monetary settlement of a class action brought against a $2.7 billion acquisition in the building materials industry because the objecting plaintiffs are in the business of “trying to make money from litigation.”

N.Y. State Judges Taking Hard Line on Shareholder Deals

Susan Beck : The Litigation Daily : January 12, 2015

The latest "disclosure-only" shareholder settlement to draw a judge's ire would have resolved litigation over Martin Marietta Materials Inc.'s $2.7 billion acquisition of Texas Industries.

Litigator of the Week: Kevin Abrams of Abrams & Bayliss

Scott Flaherty : The Litigation Daily : January 08, 2015

Siding with Abrams, a Delaware judge refused to foist new rules on hedge funds using a strategy called appraisal arbitrage to squeeze profits out of allegedly undervalued M&A deals.

A Glimpse Into Wachtell's Mysterious Billing Structure

Susan Beck : The Am Law Daily : January 08, 2015

Wachtell, Lipton, Rosen & Katz's fee arrangements with clients have long been cloaked in mystery. Now we know more. The American Lawyer has obtained what appears to be a standard fee agreement that Wachtell sent a client in 2012. It shows that the firm typically charges fees for M&A deals that range from 1 percent to 0.1 percent of the transaction amount.

Love Him or Not, Ackman Now Runs Top Hedge Fund

: Bloomberg : January 06, 2015

William Ackman is on top of the hedge-fund world. Thanks in part to his move on Allergan, the maker of Botox, Pershing Square International posted a return of 32.8 percent for the first 10 months of 2014, making it the No. 1 fund in Bloomberg Markets' annual ranking of the best-performing large hedge funds.

Trial Nears in Reinsurance Fight Over Nine-Figure Asbestos Settlements

Amaris Elliott-Engel : Commercial Litigation Insider : January 06, 2015

Four insurance companies are tussling over the scope of a trial before Manhattan Commercial Division Justice Eileen Bransten on how much money three reinsurers allegedly owe for their share of nearly $1 billion in asbestos settlements.

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.