We tend to look at the health and stature of Biglaw firms through metrics like profits-per-partner and high-profile engagement tables. But those numbers are self-reported by the firms themselves and, ultimately, self-serving.
What firms should really be interested in is what clients think of them. For Biglaw firms, the clients that matter are corporate counsel at America’s top companies.
Who do in-house counsel call when they need legal help? Who do they call when their company can’t afford to lose? The Above the Law Outside Counsel Rankings have been generated exclusively from surveys to in-house counsel at top companies. Their opinion is a true measure of law firm “prestige,” the kind that leads directly to business.
Methodology
In late 2017 and through January of this year, we reached out to corporate counsel and in-house attorneys at thousands of companies, ranging from small and medium-sized private companies to large public corporations. Ultimately, more than 1,000 in-house lawyers—from nearly 500 companies and 50+ cities—shared with us their evaluations of their companies’ outside law firms. Our survey was direct. We essentially asked counsel two simple questions: 1) “Which law firms does your company engage for legal services?” and 2) “Please indicate the highest level legal work for which your company will engage the particular firm(s).” The “levels” of work were defined along a four-point scale:
Cost-efficient, bulk tasks (1)
Routine matters (2)
High-value, complex matters (3)
“Bet-the-company” matters (4)
Because of the “blunt instrument” nature of our question, we felt the resultant ratings were inapt for the purposes of an ordinal ranking. Thus, our first and second tiers comprise the 50 firms with the highest mean ratings based on this scale. Only firms with a minimum threshold number of ratings—as adjusted for firm size—were eligible for inclusion.
Outside Counsel:
Top Tier Firms
Boies, Schiller & Flexner
Cleary Gottlieb Steen & Hamilton
Covington & Burling
Cravath, Swaine & Moore
Davis Polk & Wardwell
Debevoise & Plimpton
Gibson Dunn & Crutcher
Goodwin
Irell & Manella
Keker, Van Nest & Peters
Kirkland & Ellis
Latham & Watkins
Munger Tolles & Olson
Paul, Weiss, Rifkind, Wharton & Garrison
Perkins Coie
Quinn Emanuel Urquhart & Sullivan
Simpson Thacher & Bartlett
Skadden, Arps, Slate, Meagher & Flom
Sullivan & Cromwell
Susman Godfrey
Wachtell, Lipton, Rosen & Katz
Weil, Gotshal & Manges
Williams & Connolly
Wilmer Cutler Pickering Hale and Dorr
Wilson Sonsini Goodrich & Rosati
Outside Counsel:
Second Tier Firms
Akin Gump Strauss Hauer & Feld
Alston & Bird
Arnold & Porter
Baker Botts
Baker McKenzie
Clifford Chance
Cooley
DLA Piper
Fenwick & West
Fried Frank Harris Shriver & Jacobson
Hogan Lovells
Holland & Knight
Jenner & Block
Jones Day
K&L Gates
McDermott Will & Emery
Morgan, Lewis & Bockius
Morrison & Foerster
Paul Hastings Janofsky & Walker
Ropes & Gray
Shearman & Sterling
Sidley Austin
Vinson & Elkins
White & Case
Winston & Strawn
Top Outside Counsel by
Industry
Consumer Products
Baker McKenzie
Holland & Knight
Jenner & Block
Latham & Watkins
Morrison & Foerster
Perkins Coie
Sidley Austin
Skadden
Venable
White & Case
Energy
Akin Gump
Baker McKenzie
Baker Botts
Bracewell
Haynes & Boone
Jackson Walker
Norton Rose Fulbright
Vinson & Elkins
Weil Gotshal
Skadden
Media / Entertainment
Cooley
Covington & Burling
Davis Wright Tremaine
Gibson Dunn
Greenberg Traurig
Loeb & Loeb
Manatt Phelps
Munger Tolles & Olson
Weil Gotshal & Manges
Winston & Strawn
Life Sciences / Health Care
Cooley
Goodwin Procter
Latham & Watkins
McDermott Will & Emery
Morrison & Foerster
Proskauer
Ropes & Gray
Skadden
WilmerHale
Wilson Sonsini
Finance
Cadwalader Wickersham & Taft
Cahill Gordon & Reindell
Cleary Gottlieb
Clifford Chance
Cravath Swaine & Moore
Davis Polk & Wardwell
Debevoise & Plimpton
Kirkland & Ellis
Sullivan & Cromwell
Wachtell Lipton Rosen & Katz
Tech
Baker McKenzie
Cooley
Cleary
Davis Polk
Farella Braun
Fenwick & West
Morrison & Foerster
Gibson Dunn
Goodwin Procter
Wilson Sonsini
Stay tuned for the release of the
Organization
Rankings in the coming weeks.