Wachtell, Lipton, Rosen & Katz (known as Wachtell Lipton or Wachtell) is an American white-shoe law firm in New York City.[2] Wachtell has only a single, Manhattan office, making it one of the smallest firms in the AmLaw 100.
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History
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.[3] The four named partners met at New York University School of Law where they were editors on the New York University Law Review together.[4] The firm rose to prominence on Wall Street when many brokers and investment bankers were launching small firms, but received little attention from established white-shoe law firms, such as Sullivan & Cromwell, Simpson Thacher & Bartlett, and Cravath, Swaine & Moore.[3]
One of the founding partners, Martin Lipton, invented the so-called "poison pill defense" during the 1980s, to foil hostile takeovers.[3] Working both sides of mergers and acquisitions, Wachtell Lipton has represented blue-chip clients such as AT&T, Pfizer, and JP Morgan Chase.[5] It has had key roles in the resurrection of Chrysler in the 1970s, the acquisition of Getty Oil by Texaco, and the negotiation of the master development agreement for the World Trade Center after the September 11, 2001 attacks.[2] The firm is also known for its business litigation, and has represented clients in many of the precedent-setting Delaware corporate governance cases.[6]
In November 2023, amid a wave of pro-Palestine protests at elite U.S. law schools, Wachtell, Lipton, Rosen & Katz was among a group of major law firms who sent a letter to top law school deans warning them that an escalation in such incidents, which the letter called antisemitic, would have corporate hiring consequences. The letter said, "we look to you to ensure your students who hope to join our firms after graduation are prepared to be an active part of workplace communities that have zero tolerance policies for any form of discrimination or harassment, much less the kind that has been taking place on some law school campuses."[7] The letter was criticized by a coalition of Muslim bar associations, which accused the firms of contributing to Islamophobia, a chilling effect of free speech and Pro-Palestine speech, and a climate of fear.[8]
Notable alumni
- William T. Allen, of counsel — former Chancellor of the Delaware Court of Chancery; New York University School of Law professor
- Anthony J. Casey, associate — University of Chicago Law School professor
- James Cole, partner — Acting Deputy Secretary of Education
- Allison Christians, associate — H. Heward Stikeman chair in Taxation, McGill University Faculty of Law
- George T. Conway III, associate and partner — lawyer for Paula Jones in sexual harassment lawsuit against President Bill Clinton, founder of The Lincoln Project, husband of Kellyanne Conway
- Miguel Estrada — attorney and former judicial nominee
- Glenn Greenwald, associate — political activist, journalist, and Pulitzer Prize recipient[9]
- Maura R. Grossman, of counsel — research professor and former director of Women in Computer Science at the University of Waterloo; electronic discovery attorney[10]
- Elizabeth Holtzman, associate — former U.S. Representative and Brooklyn District Attorney
- Robert J. Jackson Jr., associate — Commissioner of the U.S. Securities and Exchange Commission
- David Lat, associate — blogger, Underneath Their Robes and Above the Law
- Kenneth K. Lee, associate — judge, United States Court of Appeals for the Ninth Circuit[11]
- Matt Levine, associate — attorney, investment banker, and writer[12]
- Robert Morgenthau, of counsel — former New York County District Attorney[13]
- Bernard Nussbaum, partner — former White House Counsel to President Bill Clinton
- George Postolos, associate — former president and CEO of Houston Rockets
- Samuel Rascoff, associate — New York University School of Law professor
- Jed Rubenfeld, associate — Yale Law School professor
- Andrew Schlafly, associate — founder of Conservapedia, General Counsel for Association of American Physicians and Surgeons[14]
- Richard J. Sullivan, associate — judge, United States Court of Appeals for the Second Circuit[15]
- Leo E. Strine Jr., of counsel – former Chief Justice of the Delaware Supreme Court, Chancellor of the Delaware Court of Chancery; University of Pennsylvania Law School professor
- Sheena Wright, associate – former CEO of United Way of New York City, Deputy Mayor of New York City under Eric Adams
See also
References
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