2017 Office 100 Law Firm Rankings
Welcome to the 2017 ATL Office 100 Law Firm Rankings, presented by Bloomberg Law.
Not all law firm offices are created equal, even within the same firm. However, most rankings compare law firms nationally or solely within specific regions. The ATL Office 100 aims to address this knowledge gap by comparing law firm offices across 10 major markets. This additional information provides insights into which firm offices are more desirable (Should I work in Skadden’s New York or Chicago office?) and which firms have the strongest presence in specific regions (Should I move to Boston for that position with WilmerHale? Or would I be better off with Latham here in New York?).
Lots of people rank law firms. And you can dice up law firm rankings in so many ways: by “prestige,” revenues, and more. That’s all great, but if you are going to work in a Biglaw firm, you are going to be working in a specific office. And that office is going to make or break your experience with your firm. Not all offices are created equal, even within the same firm. There are firms that aren’t thought of very highly overall, but a specific office of their operation might be doing great work and be the place for your kind of thing.
With these rankings, Above the Law is trying to capture the strength and relevance of major law firms in today's market. Who are the market leaders? Which firms are still making and retaining their partners? Where do you want to work? But the methods for evaluating the large law firms that are best at the business of practicing law are stuck in the past. The new normal means new challenges for firms. Is bigger always better? More revenue sounds nice, unless the firm is overly reliant on a few rainmakers who can jump ship and leave the rest of the firm scrambling for clients. Surely, the last client who cared about white-shoe status is somewhere trying to find a new ribbon for his typewriter.
The Office 100 blends objective data points (changes in headcount over time, promotional prospects, and number of women partners) with subjective feedback from over 22,000 associates, partners, and other members of the legal community. The result is a more complete picture of each individual office, encompassing employee satisfaction, compensation, reputation, desirability as an employer, and data-driven measures of firm growth. The Office 100 is meant to offer a new perspective on some of the most prestigious and wealthy firms by using a new rubric to show how they stack up both against their competitors and across their own offices.
The ATL Office 100 Law Firm Rankings
Rank | Firm | City | Score |
---|---|---|---|
1 | Cravath, Swaine & Moore LLP | NY | 79.36 |
2 | Kirkland & Ellis LLP | DC | 78.23 |
3 | Wachtell, Lipton, Rosen & Katz | NY | 78.22 |
4 | Kirkland & Ellis LLP | Los Angeles | 77.49 |
5 | Kirkland & Ellis LLP | NY | 76.92 |
6 | Latham & Watkins LLP | DC | 75.77 |
7 | Simpson Thacher & Bartlett LLP | NY | 75.67 |
8 | Kirkland & Ellis LLP | Chicago | 75.35 |
9 | Covington & Burling LLP | DC | 75.08 |
10 | Latham & Watkins LLP | Houston | 75.03 |
11 | Williams & Connolly LLP | DC | 74.97 |
12 | Quinn Emanuel Urquhart & Sullivan LLP | Los Angeles | 74.76 |
13 | Latham & Watkins LLP | NY | 74.55 |
14 | Paul, Weiss, Rifkind, Wharton & Garrison LLP | NY | 74.47 |
15 | Covington & Burling LLP | NY | 74.25 |
16 | Quinn Emanuel Urquhart & Sullivan LLP | DC | 73.97 |
17 | Sidley Austin LLP | DC | 73.89 |
18 | Quinn Emanuel Urquhart & Sullivan LLP | NY | 73.63 |
19 | Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates | Los Angeles | 73.61 |
20 | Latham & Watkins LLP | Los Angeles | 73.58 |
21 | Paul, Weiss, Rifkind, Wharton & Garrison LLP | DC | 73.29 |
22 | Latham & Watkins LLP | Chicago | 73.02 |
23 | Sullivan & Cromwell LLP | NY | 72.99 |
24 | Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates | Chicago | 72.74 |
25 | Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates | DC | 72.3 |
26 | Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates | NY | 72.08 |
27 | Davis Polk & Wardwell | NY | 71.97 |
28 | Sidley Austin LLP | Dallas | 71.84 |
29 | Cleary Gottlieb Steen & Hamilton LLP | DC | 71.51 |
30 | Boies, Schiller & Flexner LLP | NY | 71.4 |
31 | Debevoise & Plimpton LLP | NY | 70.72 |
32 | Sidley Austin LLP | Chicago | 70.44 |
33 | Latham & Watkins LLP | Silicon Valley | 70.22 |
34 | Jones Day | Dallas | 70.13 |
35 | Simpson Thacher & Bartlett LLP | Silicon Valley | 70.11 |
36 | Sidley Austin LLP | Los Angeles | 70 |
37 | Sidley Austin LLP | NY | 69.74 |
38 | Cleary Gottlieb Steen & Hamilton LLP | NY | 69.59 |
39 | Gibson Dunn & Crutcher LLP | Los Angeles | 69.05 |
40 | Ropes & Gray LLP | DC | 69.02 |
41 | Weil, Gotshal & Manges LLP | DC | 68.46 |
42 | Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates | Silicon Valley | 68.36 |
43 | Jones Day | DC | 68.12 |
44 | Arnold & Porter LLP | DC | 67.98 |
45 | Paul Hastings LLP | DC | 67.95 |
46 | Jones Day | Houston | 67.72 |
47 | Shearman & Sterling LLP | NY | 67.69 |
48 | Jones Day | Chicago | 67.55 |
49 | Weil, Gotshal & Manges LLP | NY | 67.37 |
50 | Morrison & Foerster LLP | Los Angeles | 67.3 |
51 | Munger, Tolles & Olson LLP | Los Angeles | 67.18 |
52 | Vinson & Elkins LLP | Houston | 67.15 |
53 | Akin Gump Strauss Hauer & Feld LLP | Houston | 67.14 |
54 | Irell & Manella LLP | Los Angeles | 66.84 |
55 | Vinson & Elkins LLP | Dallas | 66.58 |
56 | Paul Hastings LLP | Los Angeles | 66.5 |
57 | Weil, Gotshal & Manges LLP | Silicon Valley | 66.32 |
58 | Davis Polk & Wardwell | Silicon Valley | 66.24 |
59 | WilmerHale | DC | 65.99 |
60 | Gibson Dunn & Crutcher LLP | Dallas | 65.91 |
61 | Gibson Dunn & Crutcher LLP | DC | 65.64 |
62 | Paul Hastings LLP | NY | 65.46 |
63 | Cooley LLP | Silicon Valley | 65.36 |
64 | Jones Day | NY | 65.19 |
64 | Jones Day | Los Angeles | 65.19 |
65 | Jones Day | Silicon Valley | 64.97 |
66 | WilmerHale | NY | 64.68 |
67 | WilmerHale | Silicon Valley | 64.51 |
68 | Proskauer Rose LLP | NY | 64.5 |
69 | Mayer Brown LLP | NY | 64.41 |
70 | Morrison & Foerster LLP | Silicon Valley | 64.24 |
71 | Mayer Brown LLP | Chicago | 64.23 |
72 | Proskauer Rose LLP | Los Angeles | 64.19 |
73 | Pillsbury Winthrop Shaw Pittman LLP | DC | 64.18 |
74 | O'Melveny & Myers LLP | Los Angeles | 64.09 |
75 | Ropes & Gray LLP | Chicago | 63.95 |
76 | Mayer Brown LLP | DC | 63.84 |
77 | Gibson Dunn & Crutcher LLP | NY | 63.81 |
77 | Gibson Dunn & Crutcher LLP | Silicon Valley | 63.81 |
78 | Fried, Frank, Harris, Shriver & Jacobson LLP | DC | 63.78 |
79 | Milbank, Tweed, Hadley & McCloy LLP | Los Angeles | 63.68 |
80 | O'Melveny & Myers LLP | DC | 63.61 |
80 | Fried, Frank, Harris, Shriver & Jacobson LLP | NY | 63.61 |
81 | Milbank, Tweed, Hadley & McCloy LLP | NY | 63.42 |
82 | Morrison & Foerster LLP | NY | 63.36 |
83 | Hogan Lovells US LLP | DC | 63.11 |
83 | Jenner & Block LLP | DC | 63.11 |
84 | Morrison & Foerster LLP | DC | 62.88 |
85 | Arnold & Porter LLP | NY | 62.51 |
85 | Arnold & Porter LLP | Los Angeles | 62.51 |
86 | Morgan Lewis & Bockius LLP | Houston | 62.47 |
87 | Akin Gump Strauss Hauer & Feld LLP | Dallas | 62.42 |
88 | Willkie Farr & Gallagher LLP | DC | 62.39 |
89 | Cooley LLP | NY | 62.34 |
90 | Willkie Farr & Gallagher LLP | NY | 62.22 |
91 | Hogan Lovells US LLP | NY | 62.02 |
92 | King & Spalding | NY | 62.01 |
93 | Cooley LLP | DC | 61.99 |
94 | Akin Gump Strauss Hauer & Feld LLP | Los Angeles | 61.81 |
95 | White & Case LLP | DC | 61.78 |
96 | Orrick, Herrington & Sutcliffe LLP | Los Angeles | 61.61 |
97 | King & Spalding | Houston | 61.57 |
98 | Vinson & Elkins LLP | DC | 61.33 |
98 | Akin Gump Strauss Hauer & Feld LLP | NY | 61.33 |
98 | Akin Gump Strauss Hauer & Feld LLP | DC | 61.33 |
99 | Orrick, Herrington & Sutcliffe LLP | DC | 61.17 |
100 | Pillsbury Winthrop Shaw Pittman LLP | NY | 61.12 |
Methodology
Over the summer, we conducted the ATL Law Firm Reputation Survey, asking those of you working in Biglaw to rate your peers and competitors. Included in these rankings were market-specific questions, inquiring about both the reputation of firms in each survey participant's city as well as each firm's desirability as a potential employer. In creating the survey, we limited our city-specific firm choices to offices with at least 50 lawyers. Our office rankings include the following markets: Atlanta, Boston, Chicago, Houston, Los Angeles, New York, Philadelphia, San Francisco, Silicon Valley and Washington, DC.
Firms are rated on a scale with 100 possible points:
- Market-specific reputation survey
“Strength and quality of practice”: 35%
“Potential employer”: 15% - Leverage
Ratio of equity partners to all other attorneys: 5% - Growth/decay
% change in headcount since 2010: 5% - Percentage of women partners: 5%
- Partnership prospects
% of all non-partners who made partner in the most recent promotion cycle: 5% -
Insider satisfaction
ATL Insider Survey: 5% - Compensation rating: 25%*
Clearly, we are making value judgments in choosing and assigning weight to these metrics. For example, we are rewarding firms for maintaining low leverage, or for offering a relatively better chance for incoming associates to eventually ascend to partnership.
Also, to be sure, law firms are not homogenous in their approaches to partnership tracks or compensation structures or other aspects that we have sought to measure here, but we have done our best to account for these differences and create a formula that allows for meaningful comparisons.
The perfect "ATL score" is 100. Each firm is awarded a maximum number of points based on the weight of each metric (a maximum of 25 points for highest compensation rating, 5 points for highest growth headcount, etc.). The points are awarded on a sliding scale from highest to lowest. (For certain categories, firms were placed into tiers and points were apportioned accordingly.) Those points add up to the total ATL score seen on the rankings table.
* Compensation rating accounts for the following 4 factors: first-year salary, recent track record for bonuses, profits per partner (as reported to Am Law), and survey data.