Wachtell, Lipton, Rosen & Katz Law Firm Profile

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

  • - Financial Information
  • - Compensation
  • - Billing Rates
  • - Lateral Partner Moves
  • - Pro bono
  • - Key Contacts

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

Georgetown Law's Judicial Panel Discusses IoT, Wearables

Mark Gerlach : Law Technology News : November 25, 2014

Eleven judges gathered at the Advanced E-Discovery Institute to discuss views from the bench.

Halliburton, Baker Hughes in Big Energy Deal

Brenda Sapino Jeffreys : Texas Lawyer : November 24, 2014

Halliburton and Baker Hughes announce agreement for Halliburton to acquire Baker Hughes for $34.6 billion.

Dealmakers of the Week: Cary Hyden and Paul Tosetti of Latham & Watkins

MP McQueen : The Am Law Daily : November 21, 2014

The two corporate partners led the deal for Latham & Watkins' representation of Allergan in a hotly contested takeover battle against Valeant Pharmaceuticals that ended with the company being bought by Actavis plc.

This Week's Deals

David Ruiz : The Recorder : November 20, 2014

A roundup of transactions involving Bay Area lawyers and companies.

Big Deals

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

Teams from Wachtell Lipton recently advised Halliburton on its $34.6 billion cash-and-stock takeover of oil field services rival Baker Hughes, and Allergan on its proposed $66 billion cash-and-stock sale to fellow pharmaceutical company Actavis.

Actavis Pays $66B for Allergan

Jennifer Genova (compiled from ThomsonReuters Financial and other sources) : New Jersey Law Journal : November 20, 2014

Pharmaceutical company Actavis PLC, based in Dublin, Ireland, with U.S. headquarters in Parsipanny, N.J., on Nov. 17 announced it has paid about $66 billion in cash and stock for Botox manufacturer Allergan Inc. in Irvine, Calif.

Halliburton, Baker Hughes in Big Energy Deal

Brenda Sapino Jeffreys : Texas Lawyer : November 17, 2014

Halliburton and Baker Hughes announce agreement for Halliburton to acquire Baker Hughes for $34.6 billion.

Wachtell Rides Allergan, Halliburton to $100 Billion Deal Day

MP McQueen : The Am Law Daily : November 17, 2014

The Am Law 100's most profitable firm on a per partner basis took the lead on two big deals announced Monday: Halliburton's $34.6 billion acquisition of oil services rival Baker Hughes and Botox maker Allergan on its proposed $66 billion sale to Actavis. A half-dozen other Am Law 100 firms also had key roles on both transactions.

Dragon Founders Lose Again Despite 'Sloppy' Goldman Advice

David Bario : The Litigation Daily : November 13, 2014

Sometimes bad advice is negligence, and sometimes it's just bad advice.

Wachtell Bags Third Big Banking Deal in Two Weeks

MP McQueen : The Am Law Daily : November 12, 2014

The Wall Street stalwart took the lead Wednesday advising BB&T Corp. on its $2.5 billion cash-and-stock purchase of Susquehanna Bancshares, having recently handled two other banking mergers for clients AmericanWest Bank and Sterling Bancorp.

Allergan Shareholders' Push to Replace Board Foiled as Premature

Jeff Mordock : Delaware Business Court Insider : November 12, 2014

Allergan shareholders' effort to replace the Botox manufacturer's entire board with directors who support a proposed $5.3 billion acquisition by Valeant Pharmaceuticals International was dealt a setback last week when the Delaware Court of Chancery ruled their claim was not ripe for adjudication.

Latham Vows Extra Rounds in Allergan Takeover Fight

Susan Beck : The Litigation Daily : November 05, 2014

Allergan and its lawyers at Latham & Watkins filed a notice of appeal on Wednesday after a judge largely sided with hostile bidder Valeant Pharmaceuticals and the activist hedge fund Pershing Square.

From Don Julio to Medical Research, It's All M&A to Cravath and S&C

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

Monday was a three-deal day for the corporate lawyers at Cravath, Swaine & Moore and Sullivan & Cromwell, as the two leading Am Law 100 firms each advised clients on a trio of notable transactions. Covington & Burling, Hogan Lovells, Jones Day, Kirkland, Davis Polk and Wachtell also had key roles on five separate deals.

November 2014 Deals & Suits

: Corporate Counsel : November 01, 2014

Big Deals

: The American Lawyer : October 29, 2014

Burger King-Tim Hortons, Electrolux-G.E. Appliance Division, Roche-InterMune, Norwegian Cruise Lines-Prestige Cruises

Freshfields Takes On the Wall Street Elite

Chris Johnson : The American Lawyer : October 29, 2014

Will Freshfields's splashy new hires in New York allow it to attain the first-tier status in dealmaking that has eluded Magic Circle firms in the United States?

Kirkland's Latest Raid Targets Skadden, But Simpson Partner Slips Away

Susan Beck : The Am Law Daily : October 28, 2014

A few months after losing out in its pursuit of Simpson Thacher & Bartlett IPO specialist Joshua Ford Bonnie, Kirkland & Ellis has poached Skadden, Arps, Slate, Meagher & Flom corporate finance partner Richard Aftanas in New York.

Deal of the Week: Southwestern Energy to Buy Shale Assets

Brenda Sapino Jeffreys : Texas Lawyer : October 27, 2014

Porter Hedges represents Houston-based Southwestern Energy Co. in its pending purchase of shale assets in West Virginia and Pennsylvania for $5.375 billion.

Wachtell, Cleary Gottlieb Grab Lead Roles as TPG Ups Stake in CAA

Nathalie Pierrepont : The Am Law Daily : October 21, 2014

The private equity firm is stepping up its investment in Creative Artists Agency to become the majority owner of the talent agency. TPG turned to Wachtell Lipton, Rosen & Katz for legal advice, while CAA tapped Cleary Gottlieb Steen & Hamilton.

Six Am Law 100 Firms Smooth Way for Another Pipeline Deal

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

As the U.S. moves to become the world's largest oil producer, lawyers from Cooley, Latham & Watkins, McGuireWoods, Norton Rose Fulbright, Simpson Thacher & Bartlett and Wachtell, Lipton, Rosen & Katz are helping QEP Resources unload its natural gas pipeline and processing unit for $2.5 billion in cash to Tesoro Logistics, a refinery operator owned by Tesoro Corp.

Wachtell Advises Chesapeake on $5.38 Billion Asset Sale

Wenxiong Zhang : The Am Law Daily : October 17, 2014

Chesapeake Energy announced Thursday that it would sell a large portion of its gas business in Northern West Virginia and Southern Pennsylvania to Houston-based rival Southwestern Energy. The deal allows Chesapeake to pay down a substantial amount of debt accrued from past expansion efforts.

Deal of the Week: $7.8 Billion Energy Deal

Brenda Sapino Jeffreys : Texas Lawyer : October 16, 2014

Targa Resources Corp. and Targa Resources Partners to acquire Atlas Energy and Atlas Pipeline Partners.

Fenwick & West Advises Symantec on Split

Wenxiong Zhang : The Am Law Daily : October 15, 2014

The Mountain View, Calif.-based antivirus software maker announced that it would separate its businesses, joining a recent wave of technology companies such as Hewlett-Packard and eBay that have decided that two is better than one.

Martin Lipton

Phil Albinus : New York Law Journal : October 14, 2014

Not only did he develop a tactic to ward off hostile takeovers when M&As were transforming the business landscape, he also helped to build one of the most profitable law firms in the world.

Lawyers Who Lead by Example 2014 Awards

: New York Law Journal : October 14, 2014

In this Special Report, the New York Law Journal honors attorneys in three categories: Lifetime Achievement, Public Service and Pro Bono. The trait shared by all is commitment well beyond the billable hour—to upholding the Constitution and civil rights, to leveling the playing field, to improving the courts and to protecting the vulnerable.

D.C. Calendar

: The National Law Journal : October 13, 2014

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the United States, especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank, and Shearman in a bid to challenge Wall Street firms on their own turf.

With a Series of Star Hires, Freshfields Shifts Strategy in New York

Chris Johnson : Global Lawyer News : October 13, 2014

Elite U.K. firms have struggled to establish themselves as serious contenders in the U.S., especially in big-ticket transactional work. Now Freshfields has recruited high-profile talent from Skadden, Wachtell, Fried Frank and Shearman in a bid to challenge Wall Street firms on their own turf.

Steris Seeks Inversion Deal Amid Tightened Regulations

Wenxiong Zhang : The Am Law Daily : October 13, 2014

Wachtell, Jones Day and DLA Piper advise as the Ohio-based medical technology company offers to buy Swindon, England-based sterilization services provider Synergy Health Plc for $1.9 billion in cash and stock. The deal would create a new company in the U.K., allowing Steris to redomicile there and save on taxes.

Am Law 100 Trio Fuel Up for Formation of Pipeline Giant

Nathalie Pierrepont : The Am Law Daily : October 13, 2014

Targa Resources Partners and Targa Resources Corp. announced plans to buy Atlas Energy and its midstream subsidiary, Atlas Pipeline Partners, in a transaction valued at about $7.7 billion. Covington & Burling, Vinson & Elkins and Wachtell, Lipton, Rosen & Katz have grabbed lead roles on the matter.