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Vault Releases 2010 Law Firm Rankings

By Robert J. Ambrogi

The much-vaunted Vault law firm rankings were released today for 2010. The rankings are notable because they are based entirely on associate votes. They rank firms on five characteristics -- overall prestige, departmental prestige, regional prestige, diversity and quality of life. Ranked number one for the seventh year in a row is the New York firm Wachtell, Lipton, Rosen & Katz. The remainder of the top 10 are: Cravath, Swaine & Moore Skadden, Arps, Slate, Meagher & Flom Sullivan & Cromwell Davis Polk & Wardwell Weil, Gotshal & Manges Simpson Thacher & Bartlett Cleary Gottlieb Steen & Hamilton Covington & Burling Kirkland & Ellis This year's rankings remain fairly stable from last year, writes Vault managing editor Brian Dalton. But there was significant movement among the top 10, he says, "with Latham & Watkins falling out, Weil Gotshal & Manges climbing from #9 to #6, and Skadden Arps Slate Meagher & Flom jumping over Sullivan & Cromwell to the #3 slot." Also significant, he says, is that the ascension of U.K. firms has stalled. The current perception, he notes, is that "the U.K. firms are hurting more than their U.S. counterparts." Is "prestige" too nebulous a basis on which to...

Full post as published by Legal Blog Watch on August 18, 2009 (boomark / email).