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Wachtell, Lipton, Rosen & Katz
From lawbrain.com
Wachtell, Lipton, Rosen & Katz is one of the most prestigious and highly-ranked law firms in the country. With Wachtell Lipton frequently at the center of the biggest mergers and acquisitions deals, corporate restructurings, and real estate projects, it’s no surprise that they are also one of the most profitable firms in the country.[1]
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Introduction
Wachtell Lipton prides itself not only on the intelligence of its attorneys, but also on the firm’s approach to the practice of law. They tend not to involve themselves in routine matters and prefer to engage in more complex, specialized work that requires the considerable experience and dedication they bring to the table. Additionally, not only do they limit the amount of projects they take on, but they also seek to maintain a very low associate to partner ratio, allowing for considerable partner attention and guidance on every project.[2]
Rewards are a big part of being associated with one of the most prestigious and successful law firms and Wachtell Lipton is no exception when it comes to compensating its attorneys. As such, Wachtell Lipton is known for paying considerably more, both in base pay and bonuses, than its competition. Wachtell Lipton also seeks to ease the quality of life for its associates. Perks include full payment for medical, life, and disability insurance plans, extensive paid maternity leave, four weeks of paid vacation, childcare, subsidized gym memberships, and even relocation expenses.[3]
Wachtell Lipton also prides itself on its pro bono work[4] as well as its dedication to diversity initiatives.[5]
Wachtell Lipton Practice Areas
Wachtell Lipton offers a number of specialized practice areas,[6] listed as follows:
- Corporate Law
- Litigation
- Restructuring and Finance
- Tax
- Executive Compensation and Benefits
- Antitrust
- Real Estate
Wachtell Lipton Offices
Wachtell Lipton has one office in New York City.[7]
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street New York, New York 10019
http://www.wlrk.com/
Wachtell Lipton Size
Wachtell Lipton has nearly 240 employees. Of those 240, more than 70 are partners and more than 100 are associates.[8]
Wachtell Lipton Recruiting
Associates consistently rank Wachtell Lipton as one of the best firms to work at in a number of categories. In training its associates, Wachtell Lipton strives to create well-rounded lawyers who are capable of handling every aspect of their area of specialization; Wachtell Lipton characterizes this development as training their associates to become partners. Wachtell Lipton seeks and prizes teamwork, creative thinking, and independence in its associates.[9] As part of its recruiting efforts, Wachtell Lipton takes on a small number of summer associates each year who are free to roam the different practice areas to discover what they enjoy the most. While Wachtell Lipton frequently hires its summer associates, they also consider lateral attorneys as well as judicial law clerks for employment.[10]
Wachtel Lipton Salary and Bonuses
| Associate | Base Salary | Bonus Range | Bonus | Comments | |
| Year | |
Low | High | Discretionary |
|
| 1st Year |
$140,000 |
$140,000 |
$140,000 | No | |
| 2nd Year |
$150,000 |
$150,000 |
$150,000 | No | |
| 3rd Year |
$165,000 |
$165,000 |
$165,000 | No | |
| 4th Year |
$180,000 |
$180,000 |
$180,000 | No | |
| 5th Year | $190,000 | $190,000 | $190,000 | No | |
| 6th Year | $210,000 | $210,000 | $210,000 | No | |
This firm paid a 100% bonus from 2006-2008. The lockstep bonus is dependent on firm profit.[11]
References
- ↑ http://www.vault.com/wps/portal/usa/companies/company-profile/Wachtell-Lipton-Rosen-&-Katz?companyId=422
- ↑ http://www.wlrk.com/Page.cfm/Thread/The%20Firm
- ↑ http://www.wlrk.com/Page.cfm/Thread/Recruiting/SubThread/Compensation
- ↑ http://www.wlrk.com/Page.cfm/Thread/The%20Firm/SubThread/Pro%20Bono
- ↑ http://www.wlrk.com/Page.cfm/Thread/The%20Firm/SubThread/Diversity
- ↑ http://www.wlrk.com/Page.cfm/Thread/Practice
- ↑ http://www.wlrk.com/Page.cfm/Thread/The%20Firm/SubThread/Contact%20Us
- ↑ http://www.nalpdirectory.com/dledir_search_results.asp?fscid=F082901&orgtypeid=F
- ↑ http://www.wlrk.com/Page.cfm/Thread/Recruiting/SubThread/Associates
- ↑ http://www.wlrk.com/Page.cfm/Thread/Recruiting/SubThread/Summer%20Program
- ↑ http://www.infirmation.com/shared/lss/one-payscale.tcl?employer_id=NY3400
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