Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz
Headquarters CBS Building
New York City, United States
No. of offices 1
No. of attorneys 260
Major practice areas General practice
Revenue Decrease (−0.9%) US$580 million (2010)[1]
Date founded 1965
Founder Herbert Wachtell, Jerry Kern
Company type General partnership
Website www.wlrk.com

Wachtell, Lipton, Rosen & Katz is a law firm which operates out of a single office in New York City. The firm is known for business law, regularly handling the largest and most complex transactions.[2] The firm is also noted for having the highest profit per partner of any law firm in the United States.[3]

History

The firm was founded in 1965 by Herbert Wachtell and Jerry Kern, who were shortly afterwards joined by Martin Lipton, Leonard Rosen, and George Katz.[4][5]

The firm rose to prominence during a time on Wall Street in which many brokers and investment bankers started their own small companies, but received little attention from established white-shoe law firms such as Sullivan & Cromwell, Simpson Thacher & Bartlett, and Cravath, Swaine & Moore.[5]

The firm is known for its skill in mergers and acquisitions. One of the founding partners, Martin Lipton, invented the so-called "poison pill defense" during the 1980s to foil hostile takeovers. Working both sides of the mergers and acquisitions game, Wachtell Lipton has represented blue-chip clients like AT&T, Pfizer, and JP Morgan Chase.[6] The firm is also known for its skill in business litigation, and has handled many of the precedent-setting Delaware corporate governance cases.

The firm was ranked as the "Most Prestigious Law Firm to Work For" back in 2007 by the AveryIndex.[7] Along with rival Skadden, Arps, it was also cited in Malcolm Gladwell's Outliers.[8] Wachtell has been regarded as the "hardest firm in the U.S. to get a job in."[9]

Notable alumni

See also

References

  1. http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1202514395169 AM Law 100 Gross Revenue
  2. https://www.chambersandpartners.com/USA/firm/4210/wachtell-lipton-rosen-katz
  3. "The 2018 Am Law 100 Ranked by: Profits Per Equity Partner". Law.com. The American Lawyer. April 24, 2018. Retrieved August 5, 2018.
  4. The Scoop: Wachtell, Lipton, Rosen & Katz
  5. 1 2 Cole, Brett (2008). "Godfathers—Flom and Lipton". M&A Titans: The Pioneers Who Shaped Wall Street's Mergers and Acquisitions Industry. Wiley. ISBN 9780470126899.
  6. Summary of corporate practice.
  7. 2007 Law Firm Rankings
  8. "New Book Reveals Secrets to Joe Flom's Success". amlawdaily.typepad.com. Retrieved 2018-04-16.
  9. "Keeping a Butterfly and an Elephant in a House of Cards: The Elements of Exceptional Success". pages.stern.nyu.edu. Retrieved 2018-04-16.
  10. Salon (2010). Glenn Greenwald. Retrieved May 11, 2010.
  11. American Lawyer (2016). The Wachtell Way of EDiscovery. Retrieved June 16, 2016.
  12. New York Times (2010). Dealbook - Wachtell’s Newest Hire: 90-Year-Old Morgenthau. Retrieved May 11, 2010.
  13. Chen, Vivia (July 9, 2007). "Shhh! Pro Bono's Not Just for Liberals Anymore". The American Lawyer. Retrieved October 31, 2010.
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