Profile: Wachtell, Lipton, Rosen & Katz is a New York-based law firm. With gross revenue in 2007 of $578,500,000, the firm ranked 48th on The American Lawyer's 2008 AmLaw 100 rankings. Wachtell, Lipton is the smallest of the AmLaw 100 firms in terms of number of attorneys. According to The National Law Journal's 2007 NLJ 250, with 215 attorneys (as of 9/30/07), the firm placed 197th on the 2007 ranking of U.S. law firms based on size. Since Wachtell, Lipton first appeared in the annual AmLaw rankings in 1984, it has consistently ranked first in terms of revenue per lawyer. In the 2007 Global 100 rankings of firms worldwide, the firm ranked as the 62nd highest grossing law firm in the world.Wachtell, Lipton, Rosen & Katz is a business law firm, and its practice is organized into seven departments: corporate, litigation, creditor's rights, tax, executive compensation and benefits, antitrust, and real estate. In addition to its record for working on a high percentage of the largest mergers and acquisitions transactions, Wachtell also specializes in corporate restructuring and financing. All of the firm's work is conducted out of a single location in New York.