Wachtell, Lipton, Rosen & Katz

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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

Wachtell, Lipton, Rosen & Katz is a prominent law firm located in New York City. 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.[2][3] For many years, it has been the most profitable large law firm in the US on a per-partner basis according to the American Lawyer's annual AmLaw 100 Survey. The firm also ranks at the top of other various surveys, including the Vault.com Associates Survey, and was ranked as the Most Prestigious Law Firm to Work For by the AveryIndex.[4]

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.[3]

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, Kraft, and JP Morgan Chase.[citation needed]

The firm is also known for its skill in business litigation. It has handled many of the precedent-setting Delaware corporate governance cases. One of their most recent[when?] clients was Larry Silverstein, owner of the two 110-story towers of the World Trade Center. Videos of another one of the founding partners, Herb Wachtell, arguing cases in the courtroom are shown in law school classes as examples of effective trial advocacy.[citation needed]

Famous alumni[edit]

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  1. ^ http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1202514395169 AM Law 100 Gross Revenue
  2. ^ The Scoop: Wachtell, Lipton, Rosen & Katz
  3. ^ 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. 
  4. ^ 2007 Law Firm Rankings
  5. ^ "The Sunbeam Boys: In Big Bankruptcy Battle It's Chaim Fortgang Vs. Harvey Millers". Retrieved April 17, 2008. 
  6. ^ "Wharton’s Inaugural Restructuring Conference" (PDF). Wharton’s Inaugural Restructuring Conference. p. 4. Retrieved April 17, 2008. 
  7. ^ Salon (2010). Glenn Greenwald. Retrieved May 11, 2010.
  8. ^ New York Times (2010). Dealbook - Wachtell’s Newest Hire: 90-Year-Old Morgenthau. Retrieved May 11, 2010.
  9. ^ 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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