Each year, associates and partners wait with anticipation for American Lawyer to roll out its signature rankings. First comes the influential Am Law 100, followed by the closely watched Am Law 200, and finally comes the annual A-List, the most associate-focused ranking of them all. This ranking identifies the most “well-rounded” of all Am Law 100 firms (i.e., the firms that are “the total package”).
The A-List differs from other Am Law rankings in that only one financial metric is involved — revenue per lawyer (RPL). The other factors included in this ranking are pro bono work, diversity, and most importantly, associate satisfaction. Double the weight is typically given to firms’ RPL and pro bono scores, and we usually see the same firms in the top three. That was not the case at all this time around.
This year, we’ve got a wildly different top three, and a new number one. Which 20 firms came out on top?
Every year, the American Lawyer trots out its rankings at about the same time — first the highly influential Am Law 100 and Am Law 200, which are then followed up by the A-List. Think of this ranking as the legal professions’s Westminster: everyone is yipping excitedly over the possibility of being named “best in show” at this Biglaw beauty contest.
The A-List differs from the Am Law 100 and 200 rankings in that there’s only one financial metric here (revenue per lawyer). The other factors involved are pro bono work, attorney diversity, and perhaps most importantly, associate satisfaction. In years past, associate satisfaction has represented only 16 percent of a firm’s total A-List score, but taking a nosedive or making significant gains in this area can turn it into a game changer.
So, which 20 firms made the grade this year? Let’s find out…
It’s that time of the year again: American Lawyer magazine has just released its A-List for 2011. The Am Law rankings attempt to evaluate which law firms have got the right stuff to become elite:
The A-List was created in 2003 in an effort to assess (and rank) the nation’s largest and most prominent law firms in a holistic way. It takes into account financial performance, which is represented by the inclusion of firms’ revenue per lawyer, and other important measures of law firm performance, such as attorney diversity, pro bono work, and associate satisfaction. The latter is measured by a firm’s results on our Associates Survey. Pro bono and diversity scores are also a reflection of a firm’s showing on our annual Pro Bono Survey and Diversity Scorecard.
So, which firms made the grade this year? And which firms are the true elite of the elite?
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: