LAWCROSSING FEATURED EMPLOYER OF THE WEEK 1. 800. 973.1177
Wachtell, Lipton Rosen & Katz
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 clients tens of millions of dollars, Wachtell arduous. The firm’s small size accords them
without hierarchy, where attorneys write shares the wealth with its associates, of- the ability to be picky about their hires.
their own briefs and do their own research, fering generous bonuses that far exceed Wachtell only hires associates they believe
the relatively young firm of Wachtell, Lipton those available at other prestigious New will ascend to partnership. Stellar academics
Rosen & Katz is far smaller than its competi- York firms. Last year, the firm paid bonuses from a top-tier school are usually a deter-
tors. The firm’s total number of attorneys ranging from $50,000 to as high as $170,000. mining factor. Attorneys with good grades
is about the same as the average entering Distributing its considerable earnings among from Harvard, Yale, Columbia, Chicago,
associate class of a large law firm. With only the associates is part of Wachtell’s overall Penn, Stanford and NYU are considered the
one office, it remains, however, the leader scheme to eliminate the rigid hierarchy standard. Taking a summer internship at
in the field of corporate law. Wachtell’s total that exists in law firms of prestige. The firm Wachtell is allegedly an important first step
transactional value over the nearly forty maintains a consistent one-to-one associate in securing a position.
years since four young New York Law School to partner ratio. Encouraging a team mental-
graduates started the firm stands at over ity, partners and associates work closely Once onboard, however, a first-year associ-
$140 billion, more than any other law firm. with one another, often with cases staffed by ate can expect to be treated as a potential
just one of each. Associate input is purport- partner. The differences between the offices
In its early days, Wachtell earned a reputa- edly welcomed by partners. This removes of associates and partners are surprisingly
tion as defenders against corporate raiders. competition between associates, but also minute. Wachtell also seems to be the firm
Representing companies threatened by means that a lot is expected of Wachtell’s that offers associates the best chance of
hostile takeovers, Wachtell conceived the associates. making partner. The firms boasts such perks
now prevalent poison pill defense, whereby as full-service sushi dinners in the cafeteria,
stockholders acquire stock in the raiding The workload is demanding. Attorneys bill laptops, Blackberry pagers, and DSL lines
company, deterring a hostile takeover. Today close to 3,000 hours per year and associates installed at home. The hard work of the dedi-
the firm is behind the biggest M&A deals in may work between 50 and 80 hours per week. cated few attorneys at Wachtell is rewarded
the world. This century, they have been the The firm is staffed by only the most devoted handsomely.
legal advisor in six of the top ten transactions attorneys. Despite the firm’s efforts to dispel
in America, and five of the top ten global the stifling bureaucracy that prevails in Jobs
transactions. many firms, Wachtell attorneys are proud
of their traditional values and conservative Wachtell, Lipton, Rosen & Katz currently has
Specializing in the largest and most complex atmosphere. A strict dress code is enforced openings in New York, including opportuni-
corporate transactions, Wachtell coun- at all times. Wachtell believes that more can ties for experienced employment and litiga-
seled AT&T in its $40.7 billion acquisition of be learned by rolling up one’s sleeves and tion attorneys. More information regarding
Cingular, history’s largest cash acquisition. practicing law than in training programs. The attorney positions at Wachtell, Lipton, Rosen
They represented the Walt Disney Corpora- lack of a formal training means new associ- & Katz can be found in the LawCrossing job
tion when Comcast attempted a $54.1 billion ates are given substantial responsibilities database.
hostile takeover. Wachtell also oversaw the up front. Therefore, Wachtell is extremely
largest IPO in American history, with AT&T selective about its associates, hiring only a
Wireless’ $10.6 billion initial public offering. committed few.
As befitting a tiny firm that charges its The interview process here is said to be