Gibson Dunn’s Poach of Wachtell Co-Chair Bill Savitt Marks End of Law Firm’s Lockstep Era
Gibson Dunn has secured the services of Bill Savitt, the co-chair of New York’s most prestigious law firm, Wachtell, Lipton, Rosen & Katz, along with five other litigation partners. This high-profile move signals a shift in the legal industry, where elite firms are no longer immune to aggressive talent poaching. Savitt’s departure follows Wachtell’s recent transition from a pure lockstep compensation model to a modified system, which had alienated some litigators. The move highlights the growing power of individual lawyers over firm loyalty and the intensifying competition for top legal talent.
