Davis Polk
Davis Polk advised Alibaba on the $25 billion IPO. About $2 billion in revenue from roughly 1,000 lawyers. The strategy is high-value, low-volume. Partners who served at the SEC and Fed know the regulators personally.
When a company wants to go public, it hires an investment bank and a law firm. Davis Polk has been one of the two or three firms handling the most IPOs in America for decades. It advised on Alibaba's record, $25 billion offering in 2014. Davis Polk generates approximately $2 billion in revenue with around 1,000 lawyers. Profit per equity partner exceeds $6 million. The strategy is high value, low volume. The firm does not chase mid-market work. It competes on quality for transactions where the stakes justify premium fees. The capital markets practice is the crown jewel, but Davis Polk also maintains elite practices in M&A, white-collar defence and financial regulation.
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