Friday, June 15, 2012

Legal500 Lists of Top Law Firms By Practice Specialty and Location: Different Criteria than Vault Law 100 or The AmLaw 100 2012

The Legal500 reviews law firms worldwide by practice specialty and location. 

This differs from the criteria used for ranking at the Vault Law 100 (see our previous posting), or different ranking criteria at The AmLaw 100 2012.

An example would be the practice specialty litigation in the USA, for example, where my former law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP (Paul|Weiss), for example, is ranked at or near the top, year after year, and has always had great strength historically in that particular professional field.

The Legal500 reviews of the BigLaw law firms are far more detailed than the short excerpts given here below, but the Legal500 writes about Paul, Weiss, for example, as follows as regards two law practice specialties:
  • in securities shareholder litigation:

    "Considered ‘a “go to” firm for big ticket or sensitive corporate litigation’, Paul, Weiss, Rifkind, Wharton & Garrison LLP strikes exactly the right chord with clients who praise it as ‘absolutely the best in all categories: highly knowledgeable, practical, very responsive – they are valued counsellors’."

  • in white-collar criminal defense:
"The ‘top-notch’ team at Paul, Weiss, Rifkind, Wharton & Garrison LLP is ‘superb in all ways’ and a ‘market leader in the white-collar space’. Benefiting from a ‘very deep bench and a wide range of experience’, the firm’s breadth of knowledge ranges from securities and tax fraud to FCPA abuses and government contract fraud."
See the Legal500 comprehensive comments on ALL practice areas here.

One thus has to get away from the idea that you can rank an entire "BigLaw" law firm exactly like a football team. There are many and diverse components and considerations that play a role.

Besides, every law firm has its own "culture".
As an example,
take a look at the Paul|Weiss principles,
which are unique.

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