Published: Jun 25, 2013
The numbers have been crunched and the results have been tabulated: nearly 17,000 associates took Vault’s survey this year, and yes—Wachtell is still number one.
In fact, there was only one change to the top ten this year: Sullivan & Cromwell reclaimed the No. 3 spot it earned in 2011 and 2012 (Skadden briefly stole it away in last year’s rankings). Even within the Top 25, no firm moved by more than three spots in either direction—except for litigation powerhouse Boies Schiller & Flexner.
A relative newcomer to the elite firm ranks, Boies, Schiller & Flexner made its debut on the Vault Law 100 in 2001 at a respectable No. 47. In 2011, the firm cracked the Top 25, and this year jumped five spots to make it to the Top 15. One of the nation’s premier litigation shops, Boies, Schiller & Flexner was founded by David Boies, Jonathan Schiller and Donald Flexner, former V100 partners from Cravath, Kaye Scholer and Crowell & Moring, respectively. Survey respondents called the firm “cutting-edge” and a “litigation powerhouse,” and made frequent mention of its unique compensation model, which they said was the “envy of BigLaw.”
Let’s take a look at the top fifteen firms for 2014:
Check out the full rankings here: 2014 Vault Law 100
And while Wachtell continues to hold onto its vice-like grip on the No. 1 spot, it looks like Cravath might be starting to catch up. To create the Vault Law 100, we ask associates to score law firms on a scale of 1 to 10 based on how prestigious it is to work for the firm (associates are asked to ignore any firm with which they are unfamiliar and are not allowed to rank their own firm). We then average the score for each firm and rank the firms in order. This year, Wachtell’s score was an impressive 9.083, but Cravath was not far behind at 8.996—the smallest difference in score since 2009.
New to this year’s rankings were Dentons (No. 93), Troutman Sanders (No. 97), Haynes and Boone (No. 98) and Duane Morris (No. 99). This is the first year that Haynes and Boone (last year’s No. 11 firm in Texas) and Duane Morris (last year’s No. 9 firm in the Mid-Atlantic) have cracked the Top 100. The 2014 rankings also mark Dentons’ big debut on the Top 100, although its predecessor firm Sonnenschein Nath & Rosenthal was ranked No. 64 by Vault in 2011. Troutman Sanders, meanwhile, obtained the No. 93 spot in 2012, but was briefly edged out in last year’s rankings.
Three ties this year (between Fulbright & Jaworski—now Norton Rose Fulbright—and Winston & Strawn at No. 48, Jenner & Block and Wilson Sonsini Goodrich & Rosati at No. 54, and Dentons and Stroock & Stroock & Lavan at No. 93) meant that despite the addition of four firms to this year’s rankings, only two firms were pushed out after making the list last year—Kasowitz, Benson, Torres & Friedman (No. 98 last year) and Wiley Rein (No. 97 last year).
Vault will be releasing the rest of its 2014 Rankings—Best in Practice, Best in Region, Best to Work For and Diversity Rankings—over the coming weeks. Make sure to follow us on Twitter @VaultLaw for up-to-the-minute information on those releases.
If you're in the business of providing services that require your employees to hold security clearances, there are two things that you definitely don't want to happen: for a leak to come from one of your contractors; and for the leaker to come forward and draw attention to themselves and your company.
Imagine, then, how Booz Allen Hamilton executives must have felt no more than ten seconds into the Guardian's video interview with Ed Snowden, the man behind the PRISM revelations that have been making headlines over the past week or so.
When it comes to career advice, here at Vault we've always been of the belief that the best people to dispense it are those that have lived it. Thus: when we release our rankings of law, finance, accounting and consulting firms, all of the opinions in the firm profiles belong to verified, practicing employees of those firms—something that we spend a lot of time and energy to get.
Registration is now open for the eighth annual Legal Diversity Career Fair, sponsored by Vault and the Minority Corporate Counsel Association (MCCA). The Fair, which will be held on Friday, August 2nd, 2013, in Washington, DC, is an opportunity for law students and attorneys from underrepresented groups to meet and network with recruiters from law firms and government agencies that are firmly committed to increasing diversity in the legal profession.
Internships are a reality that every student in their later years of school are faced with. While universities try their best to place students in their dream jobs, the question of what one’s dream job is continues to plague the minds of every student!
Is my dream job what I think it is, or is it something I am meant for but have never had the opportunity to experience? Well, maybe one of the best ways to find out would be to try out—and what better way to try out a “dream” job than having a small test run or, to put it differently, getting an internship in a field one aspires to be in.
Each year, Vault surveys thousands of current and former interns at more than 100 internship programs to create our annual Internship Rankings. Last year, we asked 12,000 interns to rate their programs in a variety of areas, including quality of projects, real-life experience, networking opportunities, training and mentoring, and more.