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The Lawyer Global 100

Wachtell Lipton Rosen & Katz


Turnover:£243.3m
Profit per equity partner:£2.1m
Revenue per lawyer:£1.3m
Total number of lawyers:208

Single-office corporate and securities-focused powerhouse Wachtell Lipton Rosen & Katz retained its place at the top of the average profit per equity partner (PEP) table, with an outstanding figure of (£2.1m) $3.79m.

The £654,000 ($1.19m) gap between Wachtell and second place Cravath Swaine & Moore was higher than the PEP of more than half the firms in the top 100.

Equally, 192-lawyer Wachtell squeezes more revenue out of each fee-earner than any other firm in the list and by a similar country mile - its figure for 2005 was £1.3m ($2.19m), well ahead of Sullivan & Cromwell's £775,000 ($1.41m).

Despite being headquartered in New York and having no interest whatsoever in expanding either domestically or internationally, Wachtell continued to win a raft of top-tier instructions during 2005 and 2006. It represented Unocal on the attempted takeover by China
National Offshore Oil Company and Disney on the hostile takeover bid by Comcast during last year.

Into 2006, it advised Golden West Financial on Wachovia's £14bn ($25.5bn) acquisition of the mortgage lender, and Apollo on the £14.3bn ($26bn) bid for leisure group Harrah's Entertainment, the world's largest casino operator.

However, the succession of deals during its most recent financial year failed to drive Wachtell's top line up by an impressive figure, with turnover increasing by just 3 per cent, from £236.8m ($431m) to £243.3m ($443m).

 
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