Wachtell, Lipton, Rosen & Katz
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| Wachtell, Lipton, Rosen & Katz | |
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| Headquarters |  New York City |
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| No. of Offices | 2 |
| No. of Attorneys | about 200 |
| Major Practice Areas | General practice |
| Revenue | $474 million |
| Date Founded | 1965 (New York City) |
| Company Type | general partnership |
| Website | www.wlrk.com |
Wachtell, Lipton, Rosen & Katz is a prominent law firm located in New York City. Herbert Wachtell, Martin Lipton, Leonard Rosen, and George Katz founded the firm in 1965.[1] It has for some time been the most profitable large law firm in the world 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 #1 Most Prestigious Law Firm to Work For by the AveryIndex.[2] Wachtell is generally considered one of the most difficult law firms at which to be hired: summer classes at Wachtell number in the low dozens and are composed of the strongest applicants from top law schools. Its associates are generally paid substantially more than associates at any other firm in the country. The firm is smaller, and has a lower associate-to-partner ratio, than its peer firms, such as Cravath, Swaine & Moore.
The firm is known for its skill in mergers and acquisitions. One of the founding partners, Martin ("Marty") 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.
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 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.
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[edit] Famous alumni
- Bernard Nussbaum, partner — Former Counsel to the President of the United States under the Clinton Administration
- Chaim Fortgang, partner & former Head of the bankruptcy department - "involved in almost every headline bankruptcy of the [1990's] and beyond[3],[4]
- Elizabeth Holtzman, associate — former U.S. Representative and Brooklyn District Attorney
- John Coates, partner — Harvard Law Professor
- Jed Rubenfeld, associate — Yale Law Professor
- Peter Shuck — Yale Law Professor
- Janet Langford Kelly — General Counsel, ConocoPhillips
- George Postolos, associate — former President and CEO of Houston Rockets
- David Lat, associate — Blogger, Underneath Their Robes and Above the Law
[edit] See also
[edit] References
- ^ The Scoop: Wachtell, Lipton, Rosen & Katz
- ^ 2007 Law Firm Rankings
- ^ The Sunbeam Boys: In Big Bankruptcy Battle It's Chaim Fortgang Vs. Harvey Millers. Retrieved on April 17, 2008.
- ^ Wharton’s Inaugural Restructuring Conference. Wharton’s Inaugural Restructuring Conference. Retrieved on April 17, 2008.
