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Making Partner at Wachtell: A Gender Analysis
Working paper

Making Partner at Wachtell: A Gender Analysis

Paolo Colla, L Siming and Mitu Gulati
Virginia Law and Economics Research Paper, 2025-25
15/12/2025
Handle:
https://hdl.handle.net/10863/51229

Abstract

Promotion-to-partner Gender bias Law firm tournament M&A
This article examines the role that gender plays in promotion-to-partner decisions for one of the most storied of American law firms, Wachtell, Lipton, Rosen & Katz. Wachtell's unusual hiring, compensation and billing practices allow us to isolate the role that gender bias plays in promotion decisions in a way that is typically hard to do. Once key endogenous features are aligned, we find no evidence of gender bias in the probability of making partner. The primary determinant of promotion at Wachtell is individual performance, with gender, business cycle conditions, age, and specific expertise not playing significant roles.
url
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5917842View

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