This firm appears in the Who's Who Legal 100 2013
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FIRM OF THE YEAR - CORPORATE GOVERNANCE
Founded by a small group of lawyers in 1965, Wachtell Lipton Rosen & Katz is today one of the best-recognised corporate law firms in New York, with all 247 of its full-timers based in its Midtown offices. The firm’s activity is by no means limited to the city however: two of its highest value deals in 2012 took place in Europe, and professionals from jurisdictions around the world recommend its “first-rate” corporate and financial offering. For the fifth consecutive year, we name Wachtell as the world’s leading corporate governance law firm in this edition – with a world-beating total of 12 lawyers earning recognition for their work in this discipline – and find Martin Lipton leading the field overall for the third year running.
|WACHTELL LIPTON ROSEN & KATZ|
|TOTAL LISTINGS IN WHO’S WHO LEGAL: 44|
|Practice Area Breakdown|
|Business Crime Defence||3||Insolvency & Restructuring||3|
|Commercial Litigation||5||M & A||7|
|Corporate Governance||12||Real Estate||2|
A founding partner of the firm, Martin Lipton is “inarguably a giant of the bar”, specialising in rendering advice to major corporations on M&A transactions and matters of strategy and policy. Like his colleagues Daniel A Neff, Andrew R Brownstein, Andrew W Nussbaum and David A Katz, he combines a listing in the governance chapter with an additional appearance in our M&A section. Katz in particular stands out here, earning our M&A lawyer of the year award for the fifth time thanks to his “sterling work” in complex domestic and international securities transactions, buyouts, strategic defence assignments and proxy contests. One of two lawyers at the firm to appear in our banking section, Edward D Herlihy is also noted in the aforementioned chapters, focusing his practice on financial institution mergers and acquisitions and recapitalisations throughout the United States; he is the current co-chair of the firm’s executive committee. Adam O Emmerich is listed in our real estate section, adding to his appearances in the M&A and governance chapters. Mega-deals are Emmerich’s forte, and he was described as a “superstar” in 2012 following his leading role in the firm’s work for Deutsche Telekom and T-Mobile USA in the $30 billion combination of T-Mobile and MetroPCS Communications, having previously advised Deutsche Telekom in its agreed $39 billion sale of T-Mobile to AT&T. Elsewhere, members of the M&A team acted for Walgreens in its acquisition of a 45 per cent stake in Alliance Boots and option to acquire the remaining 55 per cent, valued at $27 billion; AbbVie, the research-based pharmaceuticals business of Abbott Laboratories, in its $14.7 billion private offering of senior notes in connection with the separation of AbbVie and Abbott; and Morgan Stanley in its $13.5 billion purchase of Citigroup’s stake in Morgan Stanley Smith Barney Holdings.
The firm also has a strong tradition of excellence in court, thanks in large part to the “time-honoured and richly deserved” reputation of founding partner Herbert M Wachtell, one of five practitioners from the firm to be listed in our commercial litigation research. Head of the white-collar and regulatory practice group Lawrence B Pedowitz is listed both for his litigation and business crime defence work on behalf of securities firms, investment banks, defence contractors, pharmaceutical companies, law firms and corporate officers.
Five Wachtell lawyers appear in our competition section, among whom former Federal, New York State and American Bar Association antitrust chair Ilene Knable Gotts is considered a “leading light” for her work in matters relating to major M&A transactions. Corporate tax is another strong suit with three lawyers, including head of tax Jodi J Schwartz, ranking highly.
Further listings in the insolvency and restructuring and private funds sections attest to the range of expertise Wachtell is able to draw on in support of its core practices in M&A and corporate work.
Wachtell, Lipton, Rosen & Katz
Wachtell, Lipton, Rosen & Katz enjoys a global reputation as one of the world’s leading business law firms. The firm regularly handles many of the largest and most complex transactions, investigations and litigations in the US and around the world. Wachtell Lipton has contributed to major evolutions in corporate law in order to advance the interests of its clients. Wachtell Lipton originated the “poison pill”; structured the first cross-border “Morris Trust” transaction between SmithKline Beckman and Beecham; and has been involved in – and litigated – transactions giving rise to most of the landmark takeover and corporate governance decisions in Delaware. Wachtell Lipton approaches its clients’ legal issues within the larger framework of each client’s strategic, business and financial goals. The firm focuses on matters that require the attention, extensive experience, expertise and reputation of its partners. The firm does not handle routine matters, limits the number and type of matters it undertakes, and operates with a ratio of partners to associates far above those of its major competitors.
Corporate: Wachtell Lipton counsels both public and private acquirers and targets, advising on a wide range of corporate matters, including US, cross-border and international mergers and acquisitions, private equity and strategic investments, spin-offs and split-ups and securities offerings and other capital raising transactions. The firm is recognised for its leadership in takeover defence, shareholder activism and corporate governance. The firm has represented the NYSE in connection with the Exchange’s listing standards and corporate governance initiatives for listed companies and has advised special committees of boards of directors.
Litigation: Wachtell Lipton’s litigation practice is consistently at the cutting edge of the leading commercial and corporate litigation battles dominating headlines. The firm makes appearances in state and federal courts throughout the country at both trial and appellate levels, as well as in arbitrations and mediations. It also has a leading practice representing companies and individuals in state and federal regulatory and criminal investigations. The firm is considered one of the leading transaction and takeover litigation firms in the country having litigated many of the seminal cases establishing US takeover law. The firm’s litigators also advise on a range of corporate governance matters and handle derivative demands and other litigation challenging the actions of boards of directors. The firm consistently handles some of the nation’s leading commercial disputes covering diverse industries and subject matters. The firm has a leading white-collar and regulatory enforcement practice. It has represented major financial institutions and multinational corporations, as well as their boards of directors and senior executives, in a range of complex and high-profile white-collar criminal and regulatory enforcement matters nationally and internationally.
Restructuring and Finance: Wachtell Lipton has one of the leading restructuring practices, principally representing banks, hedge funds, private equity funds and other creditors and acquirers in national and multinational bankruptcy cases and out-of-court restructurings. Attorneys in the restructuring and finance group regularly handle the financing of complicated acquisitions or divestitures of businesses in financial distress or bankruptcy, highly leveraged transactions and other major transactions involving significant debtor/creditor issues. Additionally, the firm has a market-leading financing practice, with extensive experience in all types of financing transactions, including senior secured facilities, bridge facilities, Rule 144A and registered high-yield and investment grade bond offerings, tender offers, exchange offers and consent solicitations.
Antitrust: Wachtell Lipton’s leading antitrust practice focuses on mergers and acquisitions and government investigations, including international antitrust and banking antitrust issues.
Executive Compensation and Benefits: Wachtell Lipton has a leading executive compensation and benefits practice addressing the most sensitive issues facing public and private companies both in the deal and non-deal contexts.
Tax: Wachtell Lipton has a leading tax practice advising clients on tax aspects of corporate reorganisations, acquisitions, spin-offs and other dispositions, financings, restructurings and joint ventures.
Real Estate M&A: Wachtell Lipton has a leading real estate M&A practice focusing on mergers and acquisitions, private equity, corporate governance, restructurings and joint ventures across the REIT, real estate, hospitality and gaming sectors. The firm consistently plays an active role in major transactions in these sectors, with an emphasis on large-scale public company M&A and strategic transactions.
Co-Chairmen: Edward D Herlihy and Daniel A Neff
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, NY 10019
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