[Davis Polk & Wardwell] and [Sullivan & Cromwell] do very similar work. DPW has a stronger underwriters’ practice, Sullivan is marginally better on the issuer side. DPW is much stronger than anyone at converts. Sullivan does more edgy contested M&A while DPW excels at deals with cutting edge securities components.
Sullivan is a slightly better place to work than its reputation. DPW generally lives up to its strong rep as a good place to work.
Now on to the next five from Vault, with their prestige scores in parentheses:
6. Simpson Thacher & Bartlett LLP (7.985)
7. Latham & Watkins LLP (7.784)
8. Cleary, Gottlieb, Steen & Hamilton LLP (7.754)
9. Weil, Gotshal & Manges LLP (7.623)
10. Kirkland & Ellis LLP (7.473)
The most notable of “notable perks” in this batch is at Kirkland, where NYC associates get a “$350 office art budget” (previously reported here). Can associates use the money to commission work from their toddlers?
Please compare and contrast the firms in the comments. We’ll continue to work our way down the Vault list in future threads.
The Top 100 Most Prestigious Law Firms [Vault]
Earlier: Fall Recruiting Open Thread: Vault 1-5 (2009)