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'''Davis Polk & Wardwell LLP''', known as Davis Polk, is an international [[law firm]], employing over 900 [[Lawyer|attorneys]] worldwide, with its headquarters in [[New York City]]. The firm represents many of the world's largest companies and financial institutions, and is best known for its corporate and litigation practices.<ref>{{cite web|url=http://www.vault.com/wps/portal/usa/rankings/individual?rankingId1=2&rankingId2=-1&rankings=1®ionId=0&rankingYear=2012 |title=Law Firm Rankings: Vault Law 100 |publisher=Vault.com |date= |accessdate=2012-08-12}}</ref><ref name="chambers-associate.com">{{cite web |url=http://www.chambers-associate.com/FirmFeature/3833 |title=Firm Feature |publisher=Chambers Associate |date= |accessdate=2012-08-12 |deadurl=yes |archiveurl=https://web.archive.org/web/20120423213616/http://www.chambers-associate.com/FirmFeature/3833 |archivedate=2012-04-23 |df= }}</ref> It is consistently ranked as one of the most prestigious law firms in the world and as one of New York's most powerful law firms.<ref>{{cite web|url=http://www.vault.com/company-rankings/law/vault-law-100 |title=Best companies to work for|Vault Law 100 |publisher=Vault.com |date= |accessdate=2017-05-03}}</ref><ref>{{cite web|url=http://www.vault.com/company-rankings/law/best-law-firms-in-each-us-region/?sRankID=9 |title=Best companies to work for|Best Law Firms in New York |publisher=Vault.com |date= |accessdate=2017-05-03}}</ref> The starting salary for first-year associates is $190,000.<ref>{{cite web|url=http://abovethelaw.com/2016/06/guess-which-biglaw-leader-is-raising-salaries-now/|title=Guess Which Biglaw Leader Is Raising Salaries Now…|website=Above the Law|language=en-US|access-date=2016-06-09}}</ref><ref>{{cite web|url=http://www.vault.com/company-profiles/law/davis-polk-wardwell/company-overview.aspx|title=Davis Polk & Wardwell LLP {{!}}Company Profile{{!}}Vault.com|access-date=2016-06-30}}</ref> ==History== The firm traces its origins to '''Gunthrie, Bangs & Van Sinderen''', founded in 1849 by [[Francis S. Bangs]], an opponent of [[Tammany Hall]].<ref>{{cite news |first= |last= |authorlink= |coauthors= |title=Francis S. Bangs, Leading Lawyer, Dies |url=https://query.nytimes.com/gst/abstract.html?res=9E07E3DA103BEE32A25750C0A9659C946195D6CF |work=New York Times |publisher= |date=March 3, 1920 |accessdate=}}</ref> The firm changed its name several times to account for new partners, using names such as '''Bangs, Stetson, Tracy, and McVeigh''' and '''Stetson, Jennings & Russell'''. Among other high-profile lawyers, [[Grover Cleveland]] served as a member of the firm during the interval between his two non-consecutive presidential terms.<ref>Allan Nevins, Grover Cleveland: A Study in Courage, p.450.</ref> Davis Polk was located at [[15 Broad Street]] from around 1889 until 1959. The firm takes its current name from three 20th century partners: [[John W. Davis]], [[Frank Polk]], and [[Allen Wardwell]]. Davis, a former [[United States Solicitor General|U.S. Solicitor General]] and the [[United States presidential election, 1924|1924 Democratic presidential nominee]], made 139 oral arguments before the [[United States Supreme Court]], most infamously in ''[[Brown v. Board of Education]]'', in which he represented [[South Carolina]] in defense of [[racial segregation in the United States|racial segregation]]. With Polk and Wardwell, Davis developed close ties between the firm and the [[J.P. Morgan]] companies, as well as the Guaranty Trust Company, [[the Associated Press]], and [[International Paper]]. In 1971, the firm promoted to its partnership at Davis Polk & Wardwell its first woman, Lydia Kess.<ref>{{cite web|last=Lat |first=David |url=http://abovethelaw.com/2012/01/oy-vey-milbank-tweed-erroneously-touts-only-orthodox-jewish-woman-partner-in-biglaw/ |title=Oy Vey! Milbank Mistakenly Touts ‘Only Orthodox Jewish Woman Partner’ in Biglaw |publisher=Above the Law |date=2012-01-05 |accessdate=2017-05-03}}</ref> The firm has represented numerous clients in the [[financial crisis of 2007–2008]], with roles in the [[AIG]], [[Freddie Mac]], [[Lehman Brothers]], and [[Citigroup]] matters.<ref>{{cite web |url=http://abovethelaw.com/2008/09/davis_polk_making_bank.php |title=Davis Polk: Making Bank « Above the Law: A Legal Web Site – News, Commentary, and Opinions on Law Firms, Lawyers, Law School, Law Suits, Judges and Courts |publisher=Abovethelaw.com |date= |accessdate=2012-08-12 |deadurl=yes |archiveurl=https://web.archive.org/web/20091001053219/http://abovethelaw.com/2008/09/davis_polk_making_bank.php |archivedate=2009-10-01 |df= }}</ref> It has also served as lead counsel to the [[Federal Reserve Bank of New York]] in the [[U.S. Treasury]]’s $250 billion bank capital purchase program and the creation of the [[Term Asset-Backed Securities Loan Facility]].<ref>{{cite web |url=http://www.dpw.com/news/financialcrisis.htm |title=Archived copy |accessdate=2009-03-25 |deadurl=bot: unknown |archiveurl=https://web.archive.org/web/20081028204822/http://www.dpw.com/news/financialcrisis.htm |archivedate=October 28, 2008 |df= }}</ref> To bolster its financial regulatory practice, the firm recently hired three former [[Securities and Exchange Commission]] officials—Commissioner [[Annette Nazareth]], Director of Enforcement [[Linda Chatman Thomsen]], and Deputy Director of Trading and Markets [[Robert Colby]]—as well as former White House Staff Secretary [[White House Office of the Staff Secretary|Raul Yanes]] and former [[Federal Deposit Insurance Corporation|FDIC]] General Counsel John Douglas.<ref>{{cite news| url=https://www.wsj.com/articles/SB123958616552412509 | work=The Wall Street Journal | title=Davis Polk Recruits Ex-SEC Aide | date=April 13, 2009 | first=Kara | last=Scannell}}</ref> Among its partners are former FTC Commissioner [[Jon Leibowitz|Jonathan Leibowitz]].<ref name=atlantic>{{cite news |author=BRENDAN SASSO |date=May 11, 2015 |title=The 'Privacy Coalition' That Wants to Trim Data Regulations for Telecom Giants |url=https://www.theatlantic.com/politics/archive/2015/05/the-privacy-coalition-that-wants-to-trim-data-regulations-for-telecom-giants/456477/ |work= |location= |access-date=May 11, 2015 }}</ref> ''Chambers Associate'' called Davis Polk the "[[Tiffany & Co.|Tiffany's]] of law firms".<ref name="chambers-associate.com"/> ==Davis Polk alumni in public service== {{refimprove section|date=August 2012}} ===Judiciary=== *[[Ronnie Abrams]] - U.S. District Court Judge, [[Southern District of New York]]<ref name="dealbook.nytimes.com">Peter Lattman, [https://dealbook.nytimes.com/2011/07/29/davis-polk-lawyer-is-nominated-for-the-federal-bench/ Davis Polk Lawyer Nominated for Federal Bench], [[New York Times]], July 29, 2011</ref> *[[Thomas J. Aquilino, Jr.]] - Senior Judge, U.S Court of International Trade *[[Richard M. Berman]] - U.S. District Court Judge, Southern District of New York *[[Miriam Goldman Cedarbaum]] - Senior U.S. District Court Judge, Southern District of New York *[[Denny Chin]] - U.S. Circuit Court Judge, Second Circuit Court of Appeals *[[Hardy Cross Dillard]] - International Court of Justice *[[Warren Eginton]] - Senior U.S. District Court Judge, District of Connecticut *[[Thomas P. Griesa]] - Senior U.S. District Court Judge, Southern District of New York *[[Cheryl Ann Krause]] - Nominee, Third Circuit Court of Appeals<ref name="Senate Judiciary Committee">http://www.judiciary.senate.gov/nominations/113thCongressJudicialNominations/upload/Krause-Senate-Questionnaire-Final.pdf</ref> *[[J. Michael Luttig]] - Former U.S. Circuit Court Judge, Fourth Circuit Court of Appeals *[[Amy J. St. Eve]] - U.S. District Court Judge, Northern District of Illinois *[[Louis L. Stanton]] - Senior U.S. District Court Judge, Southern District of New York *[[John M. Walker, Jr.]] - U.S. Circuit Court Judge, Second Circuit Court of Appeals *[[Lawrence Edward Walsh| Lawrence E. Walsh]] - Former U.S. District Court Judge, Southern District of New York ===Elected office=== *[[Grover Cleveland]] - Former [[President of the U.S.|U.S. President]] *[[John Danforth]] - Former U.S. Senator (R-MO) and Ambassador to the United Nations *[[Kirsten Gillibrand]] - U.S. Senator (D-NY) *[[Ben McAdams]] - State Senator, Utah State Legislature<ref>Derek Jensen, [http://www.sltrib.com/news/ci_14207292 Utah's Newest Senator - He's LDS, Liberal, and Rising Rapidly], [[Salt Lake Tribune]], January 23, 2010</ref> *[[Reshma Saujani]] - Candidate, U.S. House of Representatives, [[New York's 14th congressional district]] *[[Terri Sewell]] - U.S. Representative, [[Alabama's 7th congressional district]] *[[Chen Show Mao]] - Member of Singaporean Parliament, [[Aljunied Group Representation Constituency]], [[Workers' Party of Singapore]] ===Law enforcement and financial regulation=== {{refimprove|section|date=December 2016}} *[[Paul S. Atkins]] - Former Commissioner, [[Securities and Exchange Commission]] *[[Roger W. Ferguson, Jr.]] - Former Vice-Chairman, [[Federal Reserve System|Federal Reserve]]; President & CEO, [[TIAA-CREF]] *[[Robert B. Fiske]] - Former [[U.S. Attorney for the Southern District of New York|U.S. Attorney, Southern District of New York]] *[[Samuel Hazard Gillespie Jr]] - Former U.S. Attorney, Southern District of New York *[[Gary Lynch]] - Former Director, Division of Enforcement, [[Securities and Exchange Commission]] *[[Charles E. F. Millard]] - Former Director, [[Pension Benefit Guaranty Corporation]] *[[Ogden Livingston Mills]] - Former [[Secretary of the Treasury]] *[[Annette Nazareth]] - Former Commissioner, [[Securities and Exchange Commission]] *[[Randal Quarles]] - Former Undersecretary for Domestic Finance, U.S. Department of Treasury *[[Howard Shelanski]] - Commissioner, [[Office of Information and Regulatory Affairs]]<ref name="ReferenceA">Ben Protess, [https://dealbook.nytimes.com/2011/08/18/davis-polk-hires-former-antitrust-regulator/ Davis Polk Hires Former Antitrust Regulator], [[New York Times]], August 18, 2011</ref> *[[Linda Chatman Thomsen]] - Former Director, Division of Enforcement, [[Securities and Exchange Commission]] *[[Lawrence Edward Walsh|Lawrence E. Walsh]] - Former Deputy Attorney General and Independent Counsel, Iran-Contra Investigation *[[Jerome H. Powell]]; Governor, [[Federal Reserve System|Federal Reserve]] ===Other government service=== *[[John Bridgeland]] - Former Director, [[United States Domestic Policy Council|White House Domestic Policy Council]] *[[John W. Davis]] - Former [[United States Solicitor General|U.S. Solicitor General]]; Democratic Presidential Nominee, 1924 *[[Reuben Jeffery III]] - [[Under Secretary of State for Economic, Business, and Agricultural Affairs]], U.S. Department of State *[[Charles MacVeagh]] - Former [[United States Ambassador to Japan|U.S. Ambassador to Japan]] *[[Richard Moe]] - President, [[National Trust for Historic Preservation]] *[[Jennifer Newstead]] - Former General Counsel, [[Office of Management and Budget]] *[[Frank Polk]] - Former Acting [[U.S. Secretary of State]] *[[Peter Tufo]] - Former U.S. Ambassador to [[Hungary]] * [[John E. Zuccotti|John E Zuccotti]] - Former Deputy Mayor, New York City; namesake of [[Zuccotti Park]]<ref>Lawyers Who Mold the Shape of the CIty, New York TImes, February 25, 1996, https://www.nytimes.com/1996/02/25/realestate/lawyers-who-mold-the-shape-of-a-city.html</ref> ==Other alumni== {{refimprove section|date=August 2012}} ===Business=== *[[Alexander Cushing]] - Founder and Chairman, Ski Corporation *[[Eli Whitney Debevoise]] - Founding Partner, [[Debevoise & Plimpton]] LLP *[[Tom Glocer]] - CEO, [[Thomson Reuters]] *[[Steven Goldstone]] - Former President & CEO, RJR Nabisco *[[Robert Harrison (financier)|Robert Harrison]] - CEO, [[Clinton Global Initiative]]<ref>{{cite web|url=http://www.clintonglobalinitiative.org/aboutus/leadership.asp?Section=AboutUs&PageTitle=CGI%20Leadership |title=CGI Leadership |publisher=Clintonglobalinitiative.org |date= |accessdate=2012-08-12}}</ref> *[[Lewis B. Kaden]] - Vice Chairman, [[Citigroup]] *[[H. F. Lenfest]] - Founder, Lenfest Communications *[[J. Michael Luttig]] - General Counsel, [[Boeing]] *[[Gary Lynch]] - Former Vice Chairman, [[Morgan Stanley]]; Former Vice Chairman, [[Credit Suisse First Boston]]; Global General Counsel, [[Bank of America]] *[[Axel Miller]] - Chairman & CEO, Dexia S.A. *[[Francis Lynde Stetson]] - Attorney for [[John Pierpont Morgan]]; former president, [[New York State Bar Association]].<ref>Francis L. Stetson, Lawyer, Dies at 74,' ''New York Times,'' December 6, 1920</ref> ===Media and entertainment=== *[[Lisa Daniels (TV presenter)|Lisa Daniels]] - Correspondent, NBC News *[[He Li]] - Chinese Poet *[[Crystal McKellar]] - Actress and former associate with the firm<ref>{{cite web |title=Crystal McKellar of Davis Polk & Wardwell |url=http://www.dpw.com/lawyers/bio/mckellar.htm |publisher=Davis Polk & Wardwell |archiveurl=https://web.archive.org/web/20090317090430/http://www.dpw.com/lawyers/bio/mckellar.htm |archivedate=2009-03-17}}</ref> ===Academia=== *[[George Bermann]] - Director, European Legal Studies Center, [[Columbia Law School]] *[[Charles Black (professor)|Charles Black]] - Professor, Yale Law School *[[Brian Casey (academic)|Brian Casey]] - President, [[DePauw University]] *[[Barry E. Friedman]] - Vice Dean, [[New York University School of Law]] *[[Linda Lorimer]] - Vice President, [[Yale University]] *[[Jane B. Korn]] - Dean, [[Gonzaga University School of Law]] *[[Julie O'Sullivan]] - Professor, Georgetown University Law Center *[[David Schizer]] - Dean, Columbia Law School *[[David E. Van Zandt]] - President, [[The New School]], Former Dean, Northwestern University School of Law *[[Joshua Paul Fershee]] - Professor, [[West Virginia University College of Law]] ==Recognitions== *In 2012 and 2013, Davis Polk was named "Americas Law Firm of the Year" by the International Financial Law Review.<ref>{{cite web |url=http://www.davispolk.com/Davis-Polk-Named-Americas-Law-Firm-of-the-Year-by-IFLR-03-30-2012/ |title=Davis Polk Named "Americas Law Firm of the Year" by IFLR | News | Davis Polk & Wardwell LLP |publisher=Davispolk.com |date=2012-03-30 |accessdate=2012-08-12 |deadurl=yes |archiveurl=https://archive.is/20130121073716/http://www.davispolk.com/Davis-Polk-Named-Americas-Law-Firm-of-the-Year-by-IFLR-03-30-2012/ |archivedate=2013-01-21 |df= }}</ref> *In 2010, Davis Polk was ranked third in "Revenue per Lawyer" by the American Lawyer's top 100 National Firms.<ref>{{cite web|url=http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1202448485080 |title=The Am Law 100 2010 - Revenue Per Lawyer (RPL) Falls Again |publisher=Law.com |date=2012-09-09 |accessdate=2012-10-09}}</ref> *Individual Davis Polk insolvency & restructuring lawyers were named “Dealmaker of the Year” by ''The American Lawyer''. *“Outstanding Young Restructuring Lawyer” by ''Turnarounds & Workouts'' and “Lawyer of the Year” by Law Business Research’s'' Who’s Who Legal–International Who’s Who of Insolvency & Restructuring Lawyers''.<ref>Who’s Who Legal–International Who’s Who of Insolvency & Restructuring Lawyers (2007).</ref> *Davis Polk ranked in the first tier among New York law firms in U.S. tax matters by ''Chambers USA'', which commented that “with a ‘terrific team of excellent tax lawyers,’ the group successfully mixes M&A and finance, establishing itself as one of the premier law firms in New York, and indeed across the USA”.<ref name="Chambers USA 2007">Chambers USA (2007).</ref> *In October 2008, a Davis Polk team working with the [[Asian American Legal Defense and Education Fund]] won a $4.6 million judgment<ref>http://amlawdaily.typepad.com/amlawdaily/files/saigon_grill_decision.pdf</ref> on behalf of immigrant workers who were being paid below the statutory minimum wage by their employer, a popular Manhattan restaurant.<ref>{{cite web|last=Baxter|first=Brian|title=Davis Polk Hands Big Tip to Saigon Grill Deliverymen|url=http://www.law.com/jsp/article.jsp?id=1202425494328&rss=newswire|publisher=Law.Com(ALM/American Lawyer Magazine)|accessdate=August 11, 2012|date=October 23, 2008}}</ref> *In March 2007, Gay Men’s Health Crisis ([[GMHC]]) awarded Davis Polk its Heroes Honors 25th Anniversary Award for the corporate pro bono work the firm has done on the organization’s behalf.<ref>{{cite news|title=Gay Men's Health Crisis to Commemorate 25 Years of Leadership in the Fight Against AIDS at GMHC Heroes Honors 25th Anniversary Dinner|url=http://www.prnewswire.com/news-releases/gay-mens-health-crisis-to-commemorate-25-years-of-leadership-in-the-fight-against-aids-at-gmhc-heroes-honors-25th-anniversary-dinner-52132082.html|accessdate=9 August 2016|publisher=PRNewswire|date=March 7, 2007}}</ref> ==See also== *[[Magic Circle (law)]] *[[White shoe firms]] ==References== {{Reflist|30em}} ==External links== *{{Official website|http://www.davispolk.com}} {{DEFAULTSORT:Davis Polk and Wardwell}} [[Category:Law firms based in New York City]] [[Category:1849 establishments in New York (state)]] [[Category:Foreign law firms with offices in Hong Kong]] [[Category:Foreign law firms with offices in Japan]]