Thursday, July 28, 2005

2006 Vault Guide to Top Law Firms

The new 2006 Vault Guide to the Top 100 Law Firms is just out.

This is not just a list of law firms, but there is superb commentary on the state of the legal world. Especially the growing role of China in the world is significant.

Here are a couple of samples from the Vault site and their "Read an excerpt from the Vault Guide to the Top 100 Law Firms, 2006 Edition: Greed is good again":

"Two superstars of the legal profession passed away in the spring of 2005, departing for the great courtroom in the sky. As different in style as chalk and cheese, Johnnie Cochran and Lloyd Cutler were nevertheless both bona fide legal celebrities, the flashy Cochran gaining fame for his defenses of O.J. Simpson and Michael Jackson, and the patrician Cutler wielding his clout behind the scenes as a Washington powerbroker, including serving as advisor to six presidents...."

"Law firms are also expanding beyond national boundaries, opening 27 foreign offices in 2004. Ten of those were in China, where some 36 of the 250 biggest U.S. firms now have a presence. With China's financial sector set to open fully to foreign entry by 2006 (a condition of its joining the WTO) and banking reforms paving the way for the advent of securitization there, financial services law firms like Cadwalader -- which is gearing up to open a Chinese outpost -- are especially keen on getting in on the ground floor of one of those shiny new Shanghai skyscrapers. Taiwan, meanwhile, is a hot destination for IP powerhouses such as Orrick, Herrington & Sutcliffe LLP and Shaw Pittman LLP, both of which have handled high-profile patent infringement suits against Taiwanese high-tech manufacturers. In an article in The Recorder, Orrick partner William Anthony Jr. called Silicon Valley, Taiwan and Shanghai "the new golden triangle" for IP tech groups."

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