Wachtell, Lipton, Rosen & Katz

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Wachtell, Lipton, Rosen & Katz
WachtellLiptonLogo.jpg
HeadquartersCBS Building
New York City, United States
No. of offices1
No. of attorneys260
Major practice areasGeneral practice
RevenueUS$763 million (2018)[1]
Date founded1965
FounderHerbert Wachtell, Jerry Kern
Company typeGeneral partnership
Websitewww.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 revenue per lawyer and profit per partner of any law firm in the United States.[3]

History[edit]

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" 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[edit]

See also[edit]

References[edit]

  1. ^ https://www.law.com/law-firm-profile/?id=318&name=Wachtell,-Lipton,-Rosen-%26-Katz
  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. ^ a b 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.
  14. ^ Sullivan, Richard J. (2018). "Questionnaire for Judicial Nominees" (PDF).