Above the Law's Outside Counsel Rankings: Who You Gonna Call?
For the second year, Above the Law asked in-house counsel what they thought of their outside law firms. Of course, there are a multitude of ways of rating and ranking law firms, from deal tables to “profits-per-partner” to “prestige.” But there is no more crucial issue to firms than what clients — or potential clients — think of them. For Biglaw firms, the clients that truly matter are GCs and legal departments 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 2018 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, roughly 1,000 in-house lawyers — from nearly 500 companies and over 40 cities — shared with us their evaluations of their companies’ outside law firms. Our survey was direct. We 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
Cooley
Covington & Burling
Cravath, Swaine & Moore
Davis Polk & Wardwell
Debevoise & Plimpton
Gibson Dunn & Crutcher
Irell & Manella
Keker, Van Nest & Peters
Kellogg Hansen
Kirkland & Ellis
Latham & Watkins
Paul, Weiss
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
Cadwalader
Cahill Gordon
Clifford Chance
DLA Piper
Fenwick & West
Freshfields
Fried Frank Harris Shriver & Jacobson
Goodwin Procter
Jenner & Block
Jones Day
K&L Gates
Mayer Brown
Milbank Tweed
Morrison & Foerster
Munger Tolles
O’Melveny & Myers
Proskauer
Ropes & Gray
Sidley Austin
White & Case
Top Outside Counsel by
Industry
Consumer Products
Baker McKenzie
Fenwick & West*
Hogan Lovells*
Holland & Knight
Jenner & Block
Latham & Watkins
Morrison & Foerster
Skadden
Venable
White & Case
Energy
Akin Gump
Baker Botts
Bracewell
Gibson Dunn*
Haynes & Boone
Jackson Walker
Latham & Watkins*
Norton Rose Fulbright
Vinson & Elkins
Weil Gotshal
Media / Entertainment
Davis Polk*
Davis Wright Tremaine
Gibson Dunn
Kirkland & Ellis*
Loeb & Loeb
Manatt Phelps
Munger Tolles & Olson
O’Melveny & Myers*
Paul Weiss*
Weil Gotshal & Manges
Life Sciences / Healthcare
Cooley
Goodwin Procter
King & Spalding*
Latham & Watkins
McDermott Will & Emery
Ropes & Gray
Skadden
Weil Gotshal*
White & Case*
Wilson Sonsini
Finance
Cahill Gordon & Reindell
Cleary Gottlieb
Cravath Swaine & Moore
Davis Polk & Wardwell
Debevoise & Plimpton
Kirkland & Ellis
Simpson Thacher*
Sullivan & Cromwell
Wachtell Lipton Rosen & Katz
Weil Gotshal*
Tech
Cooley
Cleary Gottlieb
Davis Polk
Farella Braun
Fenwick & West
Morrison & Foerster
Orrick*
Gibson Dunn
Goodwin Procter
Wilson Sonsini
Stay tuned for the release of the
Organization
Rankings in the coming weeks.