Headquarters |
CBS Building New York City, United States |
---|---|
No. of offices | 1 |
No. of attorneys | 260 |
Major practice areas | General practice |
Revenue | (−0.9%) US$580 million (2010) |
Date founded | 1965 |
Founder | Herbert Wachtell, Jerry Kern |
Company type | General partnership |
Website | www |
Wachtell, Lipton, Rosen & Katz is a law firm which operates out of a single office 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.
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.
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. The firm is also known for its skill in business litigation, and has handled many of the precedent-setting Delaware corporate governance cases.
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.