Two big ranking drops followed the transatlantic mergers - and name changes - of D.C.-based Hogan & Hartson with London-based Lovells to form Hogan Lovells and Chicago-based Sonnenschein Nath & Rosenthal with London-based Denton Wilde Sapte to form SNR Denton. Ranking Drops for Hogan Lovells and SNR Denton After Transatlantic Mergers "In the past few years, we've seen the rise of litigation boutiques, as well as larger litigation-only firms, such as Quinn Emanuel and Boies, Schiller & Flexner and these types of firms are increasingly attractive career options for top law students," said Sheridan. Nipping on its heels is another litigation-focused firm, Boies, Schiller & Flexner, which jumped six spots from No. 19 in 2011, Quinn Emanuel continues to shine, jumping up three places to No. The Ascension of Litigation-Focused Firms Continues Latham & Watkins still has some work to do, with survey respondents noting that it is "still a solid firm, but a better punch line." Still, others noted that the firm has been "trying to regain their prestige," and had "bounced back up from horrific layoffs." "It might not be long before the firm fully regains its past standing." "Latham has been successful in putting the layoffs in the rear-view mirror," said Sheridan. Fast forward two years later, and the firm is pushing its way back toward the Top 10, coming in at No. As a result, Latham & Watkins dropped 10 spots to No. 7 in the nation, but in February 2009, the firm laid off 440 attorneys and became the poster-child for the recession's impact on the legal industry. Three years ago, Latham & Watkins was ranked No. "If you're looking for significant changes, just keep moving down the list." No firm has been able to oust Wachtell since it beat out Cravath for the number one ranking in 2003," said Mary Kate Sheridan, law editor for. "Wachtell continues to hold a tight grip on the top spot, proving that you don't need to be the biggest to be considered the best. Survey respondents called Wachtell "the pinnacle," "the benchmark," "peerless," "the cream of the crop," and "in their own league" - words that have become synonymous with the firm in recent years.
The Top 10 firms based on Vault's Annual Law Firm Associate Survey are: This year, 16,000 law associates rated law firms on a scale of 1 to 10 based on prestige (associates were not allowed to rate their own firms and were asked to only rate firms with which they were familiar).
Its Vault Law 100 is considered the "bible" for law students, associates, partners and law firm recruiters, providing a detailed perspective on the criteria considered by candidates when evaluating law firms. Vault is the source of employer ratings, rankings and insight for law students. The real stories lie with the changes in the Bottom 90. 8 Williams & Connolly dropping out of the Top 10 and Kirkland & Ellis moving into the Top 10 at No. The firm's repeated appearance on top represents a theme in this year's Top 10, with little else changing outside of Cleary Gottlieb Steen & Hamilton moving up one spot to No. The Vault Law 100 has been released, and for the ninth straight year, Wachtell, Lipton, Rosen & Katz has dominated the rankings as the number one firm in the country. LATHAM RANKING SIGNALS COMEBACK TRANSATLANTIC MERGERS CREATE HAVOC FOR FIRMS AND LITIGATION-FOCUSED FIRMS CONTINUE RISE VAULT.COM RELEASES TOP 100 LAW FIRMS FOR 2012 - WACHTELL TAKES TOP SPOT FOR NINTH STRAIGHT YEAR
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