| Summary |
Wachtell, Lipton, Rosen & Katz is a prestigious law firm that was founded in 1965 and is headquartered in Manhattan, New York City, NY. The firm has achieved extraordinary success in the legal and business worlds, winning numerous awards and recognition over the years. The firm specializes in many areas of law, including but not limited to corporate mergers and acquisitions, tax, antitrust, litigation, and real estate.
Wachtell, Lipton, Rosen & Katz has a team of lawyers who specialize in their respective fields. The firm also has a unique structure, with a focus on providing personalized, custom services tailored to each client's distinct needs. Additionally, the firm has a strong commitment to pro bono work, having donated millions of dollars to charitable causes and organizations.
The firm's size is relatively small, with only a few hundred employees, making it one of the smallest firms of its kind. This allows Wachtell, Lipton, Rosen & Katz to keep its overhead costs low, allowing it to provide competitive prices. Furthermore, the firm offers high-quality services, with the majority of its clients being Fortune 500 companies or other top organizations.
The firm is also known for its unique approach to client service, which puts their clients' interests and objectives first. Additionally, the firm offers professional yet friendly advice, with a focus on a client-oriented approach. Wachtell, Lipton, Rosen & Katz also prides itself on its commitment to excellence, with a focus on providing efficient, effective and cost-effective solutions to its clients.
In conclusion, Wachtell, Lipton, Rosen & Katz is an elite law firm that provides quality services and solutions to its clients. The firm has a unique structure, with a focus on individualized services and a commitment to pro bono work. The firm is also known for its competitive prices and its strong commitment to client service. Wachtell Lipton Rosen & Katz provides professional yet friendly advice and is focused on providing cost-efficient solutions to its clients.
| Questions Answered In This Article |
What are Wachtell's biggest accomplishments?
Wachtell has been the legal advisor in six of the top ten transactions in America and five of the top ten global transactions. They have also represented clients in history's largest cash acquisition and IPO in American history.What kind of bonuses does Wachtell offer?
Wachtell offers generous bonuses that range from $50,000 to as high as $170,000.What is the work environment like at Wachtell?
Wachtell encourages a team mentality and maintains a consistent one-to-one associate-to-partner ratio. Associates are given substantial responsibility and are expected to work hard, while at the same time, partners strive to create an atmosphere of respect and collaboration.What qualifications do you need to be hired by Wachtell?
Wachtell is extremely selective when hiring associates, so they generally seek stellar academics from a top-tier school. A summer internship at Wachtell is also an important first step in securing a position.What kind of dress code does Wachtell maintain?
Wachtell has a strict dress code that all associates must adhere to. Professional attire is expected, but the firm maintains traditional values and a conservative atmosphere.A Brief History of Wachtell, Lipton, Rosen & Katz
In 1965, four partners founded Wachtell, Lipton, Rosen & Katz (WLRK) with the vision of creating an intellectual powerhouse that would be able to handle complex legal issues. The firm quickly established a reputation for taking on tough cases and tackling complex legal matters for its clients. Today, WLRK is among the most prestigious law firms in the world and is a leader in corporate law.How WLRK Has Evolved Over Time
Since its founding in 1965, WLRK has grown to become one of the world's largest and most prominent law firms. The firm has expanded its practice areas to include a wide range of corporate, financial, and related services for top clients. It has been responsible for some of the biggest merger deals and other corporate transactions, including iconic transactions such as the Kraft Heinz merger in 2015 and the hostile takeover of Dell Corporation in 2013. WLRK also works on cases related to antitrust and regulatory matters, commercial litigation, and dispute resolution.The Firm's People and Culture
At WLRK, the people form the core of the firm's success. The firm emphasizes a team approach to problem-solving, and its attorneys have a reputation for being creative, innovative, and collaborative. Over the years, WLRK has grown to include over 100 partners and hundreds of associates who bring an impressive range of legal and operational experience to the firm. WLRK's attorneys are sought after by clients who want the most knowledgeable and experienced legal advice.WLRK's Reputation
Wachtell, Lipton, Rosen & Katz is renowned for its expertise in corporate and financial matters. The firm has long been recognized as a top-tier law firm in the U.S. and is consistently ranked first in Mergers and Acquisitions work by Corporate Lawyer Magazine. The firm has become a trusted advisor to many of the largest and most prominent companies in the world. As a result, WLRK has earned a reputation for excellence in the legal community and has become a leader in the corporate and financial legal sector.This David has taken on multi-billion dollar Goliaths and remains one of America's top corporate firms despite, or perhaps because of, its small size.
Founded with the goal of creating a firm without hierarchy, where attorneys write their own briefs and do their own research, the relatively young firm of Wachtell, Lipton Rosen & Katz is far smaller than its competitors. The firm's total number of attorneys is about the same as the average entering associate class of a large law firm. With only one office, it remains, however, the leader in the field of corporate law. Wachtell's total transactional value over the nearly forty years since four young New York Law School graduates started the firm stands at over $140 billion, more than any other law firm.
In its early days, Wachtell earned a reputation as defenders against corporate raiders. Representing companies threatened by hostile takeovers, Wachtell conceived the now prevalent poison pill defense, whereby stockholders acquire stock in the raiding company, deterring a hostile takeover. Today the firm is behind the biggest M&A deals in the world. This century, they have been the legal advisor in six of the top ten transactions in America, and five of the top ten global transactions.
Specializing in the largest and most complex corporate transactions, Wachtell counseled AT&T in its $40.7 billion acquisition of Cingular, history's largest cash acquisition. They represented the Walt Disney Corporation when Comcast attempted a $54.1 billion hostile takeover. Wachtell also oversaw the largest IPO in American history, with AT&T Wireless' $10.6 billion initial public offering.
As befitting a tiny firm that charges its clients tens of millions of dollars, Wachtell shares the wealth with its associates, offering generous bonuses that far exceed those available at other prestigious New York firms. Last year, the firm paid bonuses ranging from $50,000 to as high as $170,000. Distributing its considerable earnings among the associates is part of Wachtell's overall scheme to eliminate the rigid hierarchy that exists in law firms of prestige. The firm maintains a consistent one-to-one associate to partner ratio. Encouraging a team mentality, partners and associates work closely with one another, often with cases staffed by just one of each. Associate input is purportedly welcomed by partners. This removes competition between associates, but also means that a lot is expected of Wachtell's associates.
The workload is demanding. Attorneys bill close to 3,000 hours per year and associates may work between 50 and 80 hours per week. The firm is staffed by only the most devoted attorneys. Despite the firm's efforts to dispel the stifling bureaucracy that prevails in many firms, Wachtell attorneys are proud of their traditional values and conservative atmosphere. A strict dress code is enforced at all times. Wachtell believes that more can be learned by rolling up one's sleeves and practicing law than in training programs. The lack of a formal training means new associates are given substantial responsibilities up front. Therefore, Wachtell is extremely selective about its associates, hiring only a committed few.
The interview process here is said to be arduous. The firm's small size accords them the ability to be picky about their hires. Wachtell only hires associates they believe will ascend to partnership. Stellar academics from a top-tier school are usually a determining factor. Attorneys with good grades from Harvard, Yale, Columbia, Chicago, Penn, Stanford and NYU are considered the standard. Taking a summer internship at Wachtell is allegedly an important first step in securing a position.
Once onboard, however, a first-year associate can expect to be treated as a potential partner. The differences between the offices of associates and partners are surprisingly minute. Wachtell also seems to be the firm that offers associates the best chance of making partner. The firms boasts such perks as full-service sushi dinners in the cafeteria, laptops, Blackberry pagers, and DSL lines installed at home. The hard work of the dedicated few attorneys at Wachtell is rewarded handsomely.
Jobs
Wachtell, Lipton, Rosen & Katz currently has openings in New York, including opportunities for experienced employment and litigation attorneys. More information regarding attorney positions at Wachtell, Lipton, Rosen & Katz can be found in the LawCrossing job database.
