Wachtell Minimum Billable Hours

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A Rare Peek Into How Wachtell Bills for Deal Work

    https://archive.nytimes.com/dealbook.nytimes.com/2015/01/09/a-peek-into-how-wachtell-bills-for-deals/
    In the letter, Wachtell partner Benjamin Roth outlines the unusual billing structure for mergers work: a $200,000 fee paid up front, followed by an estimated percentage of a resulting transaction....

Wachtell Announces New Billable Hours Target, Higher …

    https://hlrecord.org/wachtell-announces-new-billable-hours-target-higher-bonus/
    Wachtell, Lipton, Rosen, & Katz, already known for its grueling hours and astronomical bonuses, announced this week that it will be increasing its official billable …

NALP Directory of Legal Employers | Wachtell, Lipton, Rosen

    https://www.nalpdirectory.com/employer_profile?FormID=14433&QuestionTabID=39
    What is the minimum billable hour requirement for non-traditional track attorneys? Please include any additional information about non-traditional track positions (including …

The most prominent law firms without billable hours

    https://cloutlegal.com/blog/law-firms-without-billable-hours/
    What are law firms with no billable hour minimum requirements? Some Biglaw firms have seemingly dropped minimum …

Wachtell, Lipton, Rosen & Katz LLP - Top Law Schools

    https://www.top-law-schools.com/wachtell-lipton-rosen-katz.html
    Although Wachtell Lipton has no explicit billable hour requirements, expectations reportedly hover around the 2700 mark depending on deal volume, and billing 3000 hours in a year …

Just How Much Does Wachtell Charge Clients Anyway?

    https://abovethelaw.com/2015/01/just-how-much-does-wachtell-charge-clients-anyway/
    The document states: “While our fees are not based on the amount involved in a matter, experience indicates that merger and acquisition and takeover fees have …

A Glimpse into Wachtell's Billing Structure in M&A Deals

    https://www.thenalfa.org/blog/a-glimpse-into-wachtell-s-billing-structure-in-m-a-deals/
    “The firm does not furnish long-descriptions of services or details as to particular lawyers and hours,” the billing policy states. In the CVR matter, Wachtell’s $6 …

Wachtell Billing Practices Come Under New Scrutiny in CVR Case

    https://www.thenalfa.org/blog/wachtell-billing-practices-come-under-new-scrutiny-in-cvr-case/
    As American Lawyer previously reported, Wachtell has a unique billing structure. Instead of charging by the hour, the firm charges fees for deals that range from …

Is it physically possible to bill 2,500 hours a year at your …

    https://www.quora.com/Is-it-physically-possible-to-bill-2-500-hours-a-year-at-your-law-firm-Can-your-body-do-it-Can-your-body-take-it-Will-you-have-a-heart-attack-if-you-continue-this-for-an-extended-period-of-time
    Yes, it's doable, and sadly, I did it multiple times as an associate. As Cliff G. has noted, 2500 hours equates to an average of 50 billable hours per week, assuming 2 weeks of …

When $1,000 an Hour Is Not Enough - The New York Times

    https://www.nytimes.com/2007/10/03/business/03fees.html
    “Lawyers are risk-averse, and the billable hour is perfect for the risk-averse. It’s a ‘cost plus’ model; you can’t lose.” (This is especially true when a growing number of …

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