The Legal 500

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United States

Real estate
Real estate - ranked: tier 5

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz has a long-established track record of advising on some of the biggest real estate M&A deals in the market, working with clients across the REIT, hospitality and gaming sectors. The New York firm was involved in two of 2018’s biggest deals, acting for Gramercy Property Trust in its $7.6bn acquisition by Blackstone Real Estate Partners VIII, and also advising Forest City Realty Trust’s management on its $6.8bn acquisition by Brookfield Asset Management.

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United States: Antitrust

Merger control
Merger control - ranked: tier 4

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz handles antitrust issues arising from high-profile cross-border transactions. Previous work highlights include advising Broadcom on its proposed acquisition of Qualcomm, and assisting Danone with the antitrust aspects of its takeover of WhiteWave. Key names to note include Damian Didden, Ilene Gotts and Nelson Fitts.

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United States: Dispute resolution

Corporate investigations and white-collar criminal defense
Corporate investigations and white-collar criminal defense - ranked: tier 4

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz is based in New York and is best known for handling prestige corporate representations. Key team members include David Anders, Wayne Carlin, Ralph Levene, Paul Vizcarrondo and John Savarese.

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General commercial disputes
General commercial disputes - ranked: tier 4

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz excels in M&A, corporate governance and takeover litigation, though it also handles other forms of commercial disputes from its New York office. It is particularly prominent in the financial services sector, where many of its largest clients operate. The department is co-led by William Savitt and Jonathan Moses. John Savarese is another key name.

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M&A litigation: defense
M&A litigation: defense - ranked: tier 1

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz¬†in New York is¬†‚Äėthe premier firm in M&A defense; it is more creative than the other firms‚Äô. It is frequently involved as co-counsel in some of the largest and most high-profile cases in Delaware, which recently included acting for CBS in¬†expedited litigation with its controlling stockholder, National Amusements, arising out of the CBS board's decision dilute the shareholder's voting interest. The firm also represented a special committee of Facebook Inc. in litigation challenging the reclassification of the company's stock, and also acted for Cigna in a dispute arising from its¬†the termination of its proposed $54bn merger with Anthem Inc. The firm's standout partner is¬†William Savitt,¬†who 'walks on water' according to one prominent defense lawyer.¬†Corporate defense expert¬†Theodore Mirvis¬†and experienced Delaware Court of Chancery advocate¬†Marc Wolinsky¬†are highly recommended.¬†Ryan McLeod¬†is an up-and-coming partner.

Leading lawyers

William Savitt - Wachtell, Lipton, Rosen & Katz

Next Generation Partners

Ryan McLeod - Wachtell, Lipton, Rosen & Katz

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Securities litigation - defense
Securities litigation - defense - ranked: tier 3

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz in New York has highly experienced practitioners in the litigation practice led by co-chairs William Savitt and Jonathan Moses. Savitt and Ryan McLeod represented outside directors and the board of Facebook in a putative class action challenging the proposed reclassification of common stock. Other highlights for the firm included acting for individual defendants in a complex multi-district litigation against TerraForm Global filed in the wake of an historic downturn in energy markets and the bankruptcy of TerraForm’s corporate parent, SunEdison. The firm also represented individual defendants in In re Cnova Securities Litigation, a federal securities class action arising from an accounting restatement following the company’s 2014 IPO. Elaine Golin, John Savarese, Carrie Reilly and Bradley Wilson are among the other recommended partners.

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United States: Finance

Capital markets: debt
Capital markets: debt - advice to issuers - ranked: tier 2

Wachtell, Lipton, Rosen & Katz

Another leading player in event-driven transactions, Wachtell, Lipton, Rosen & Katz consistently secures some of the most high-profile issuer engagements to hit the market. Among its recent highlights, Gregory Pessin advised Cigna on $20bn of bond financing to support its acquisition of Express Scripts, which marked the second-largest corporate bond deal of 2018. Pessin also advised Salesforce.com on its $2.5bn debt offering in connection with its acquisition of Mulesoft. In another headline M&A-related deal, Eric Rosof assisted United Technologies with its $11bn notes offering to support its $60bn acquisition of Rockwell Collins. The group has also recently handled debt offerings for ServiceMaster Global Holdings, Lionsgate and Intelsat.

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Restructuring (including bankruptcy): corporate
Restructuring (including bankruptcy): corporate - ranked: tier 3

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz focuses on representing banks, hedge funds, private equity firms and other creditors in bankruptcy cases and out-of-court restructurings. In addition, the firm has experience in cross-border restructurings, including Chapter 15 cases. Bankruptcy specialist Richard Mason leads the team, which represented the US Treasury in connection with the rescues of Fannie Mae and Freddie Mac, and acted in Chapter 11 cases involving Westinghouse, Caesars Entertainment and ExGen Texas Power. The department is also known for its contentious practice, an example of which was acting for Education Management in litigation arising out of its $1.5bn out-of-court restructuring, including its precedent-setting appeal in the Marblegate case.

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United States: Labor and employment

Employee benefits, executive compensation and retirement plans: transactional
Employee benefits, executive compensation and retirement plans: transactional - ranked: tier 1

Wachtell, Lipton, Rosen & Katz

Acting for a multinational corporate client base, Wachtell, Lipton, Rosen & Katz assists the firm’s wider M&A practice on employee benefits and executive compensation issues in the context of high-value acquisitions, spin-offs, IPOs and bankruptcies. In a standout matter, Andrea Wahlquist is acting for Celgene in relation to its $74bn sale to pharmaceutical industry giant Bristol-Myers Squibb. Jeannemarie O’Brien and Adam Shapiro are also notable contacts in the New-York based team. Michael Segal retired from the firm in 2019.

Leading lawyers

Adam Shapiro - Wachtell, Lipton, Rosen & Katz

Andrea Wahlquist - Wachtell, Lipton, Rosen & Katz

Jeannemarie O’Brien - Wachtell, Lipton, Rosen & Katz

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)
M&A: large deals ($1bn+) - ranked: tier 1

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz 'still has the premier practice for public M&A deals', according to one competitor. Despite being a one office firm, based in New York, it has a substantial M&A team and maintains a high market share of big-ticket and transformational M&A transactions. Moreover, it continues to impress in hostile takeovers, activist defense work and proxy contests. Hugely respected by corporate America and its management boards, it is constantly in the frame for the biggest engagements in the market. It advised T-Mobile and Deutsche Telekom in connection with the blockbuster proposed $146bn merger of T-Mobile and Sprint. In other headline deals, it advised United Technologies on the separation of the business into three independent public companies, Comcast on its $65bn bid for assets of Twenty-First Century Fox, and Broadcom on its $18.9bn all-cash acquisition of CA Technologies. The still active Martin Lipton is, for many, the premier name in the market. David Katz and Daniel Neff are 'super high quality' and 'incredibly good lawyers'; Katz is 'smart, thoughtful and he will work to get the deal done'. Adam Emmerich, once again made an impression on the market by leading the team that represented T-Mobile in its merger with Sprint. Edward Herlihy further cemented his standing by heading the team that advised Cigna on its $67bn acquisition of Express Scripts. Steven Rosenblum and Andrew Nussbaum are also outstanding M&A practitioners, as are Andrew Brownstein and Igor Kirman.

Leading lawyers

Adam Emmerich - Wachtell, Lipton, Rosen & Katz

Andrew Nussbaum - Wachtell, Lipton, Rosen & Katz

Daniel Neff - Wachtell, Lipton, Rosen & Katz

David Katz - Wachtell, Lipton, Rosen & Katz

Edward Herlihy - Wachtell, Lipton, Rosen & Katz

Martin Lipton - Wachtell, Lipton, Rosen & Katz

Steven Rosenblum - Wachtell, Lipton, Rosen & Katz

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United States: Real estate

Real estate investment trusts (REITs)
Real estate investment trusts (REITs) - ranked: tier 2

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz is focused on M&A, private equity, corporate governance, restructurings and joint ventures across the REIT sector. Recent matters include acting for the board of Forest City Realty Trust, a REIT that invests in office buildings, shopping centers and apartments, in its sale to Brookfield Asset Management; and assisting Gramercy Property Trust, a global investor and asset manager of single-tenant properties, with its $7.6bn sale to affiliates of Blackstone Real Estate Partners VIII. New York-based Robin Panovka co-chairs the firm’s real estate and REIT M&A groups; Adam Emmerich is also a key figure.

Leading lawyers

Robin Panovka - Wachtell, Lipton, Rosen & Katz

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United States: Tax

International tax
International tax - ranked: tier 3

Wachtell, Lipton, Rosen & Katz

New York-based Wachtell, Lipton, Rosen & Katz assists global businesses with the tax aspects of corporate reorganizations, M&A, financings, restructurings and joint ventures. Jodi Schwartz is a key name and has previously represented Irish life sciences firm Medtronic with its $6.1bn sale of a portion of its patient monitoring and recovery division to Cardinal Health. Other noted attorneys include T Eiko Stange, who advises clients in the telecoms, technology, pharmaceuticals, financial services, media and entertainment, real estate and retail industries. Joshua Holmes is a senior team member, and Tijana Dvornic is also notable and has previously advised Valeant Pharmaceuticals.

Next Generation Partners

Tijana Dvornic - Wachtell, Lipton, Rosen & Katz

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US taxes: non-contentious
US taxes: non-contentious - ranked: tier 2

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz’s New York tax practice supports the firm's busy corporate team in a variety of transactions and organizational matters, including reorganizations, spin-offs and restructurings. Joshua Holmes is advising Celgene on its sale to Bristol-Myers Squibb for approximately $74bn. Deborah Paul and Jodi Schwartz are active in a range of transactions, including strategic acquisitions and private equity buyouts, particularly in the telecoms, oil and gas and energy sectors. T Eiko Stange has substantial experience leading on major transactions in the pharmaceuticals, financial services, media and entertainment and real estate sectors.

Leading lawyers

Deborah Paul - Wachtell, Lipton, Rosen & Katz

Jodi Schwartz - Wachtell, Lipton, Rosen & Katz

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