After a 17-year run as the heads of the firm, Edward Herlihy and Daniel Neff will step down from their roles as Wachtell Lipton’s co-chairs. According to the American Lawyer, Herlihy and Neff will remain on the firm’s executive committee.
During their time serving as the top Biglaw firm’s leaders, Herlihy and Neff responsibly guided the approximately 280-lawyer firm through a great deal of financial growth — not to mention a pandemic. As noted by Law.com, when the pair first assumed their leadership roles in 2006, the firm’s revenue was $443 million. In 2021, the firm’s revenue was just over $1 billion, with 2022 revenue tracking close behind.
Herlihy and Neff will be passing the reins to Andrew Nussbaum, a corporate partner, and William Savitt, co-chair of the firm’s litigation department. Savitt will retain his litigation co-chair title with his ascension to co-chair of the firm. The pair offered a brief joint statement to Bloomberg Law, saying that the firm “is in a position of great strength as we take on the responsibility of leadership,” and that they’re “honored to have been asked to serve the partnership and will do our best to sustain its success.”
Congratulations to Ed Herlihy and Daniel Neff on a job well done, and congratulations to Andrew Nussbaum and William Savitt on their rise to the top of the firm.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.