Vault just released its list of the top 100 law firms. The methodology perfectly captures what a fucked-up industry law is.
The online survey asked attorneys to score each of the law firms on a scale of 1 to 10 based on how presTTTigious it is to work for the firm. Associates were asked to ignore any firm with which they were unfamiliar and were not allowed to rank their own firm.
Remember that in the Top 100, Vault is not assessing firms by profit, size, lifestyle, number of deals or quality of service; we are ranking the most presTTTigious law firms based on the perceptions of currently practicing lawyers at peer firms.
I'm glad survey respondents needn't trouble their fine minds with boring stuff such as quality, innovation, productivity, or, heaven forbid, results. All in on presTTTige, baby. Congratulations to the newly-annointed most presTTTigious firms. May your billing rates rise to meet your awesomeness.
#1 Wachtell, Lipton, Rosen & Katz
#2 Cravath, Swaine & Moore
#3 Skadden, Arps, Slate, Meagher & Flom
#4 Sullivan & Cromwell
#5 Davis Polk & Wardwell
#6 Simpson Thacher & Bartlett
#7 Kirkland & Ellis
#8 Cleary Gottlieb Steen & Hamilton
#9 Weil, Gotshal & Manges
#10 Latham & Watkins
This is why I left law and did not look back.
ReplyDeleteMr. Infinity