Monday, July 11, 2016
2017 Vault Law Firm Tax Rankings: Skadden Is #1 For 7th Year In A Row
Vault has released its annual ranking of the Top 100 Law Firms, based on prestige as voted on by associates (methodology here). The Top Tax Practices (press release) are:
Rank |
Firm |
Home City |
% Vote |
1 |
Skadden |
New York |
47.99% |
2 |
Davis Polk |
New York |
21.86% |
3 |
Cleary Gottlieb |
New York |
21.11% |
4 |
Baker & McKenzie |
Chicago |
20.35% |
5 |
Cravath |
New York |
19.60% |
6 |
McDermott Will & Emery |
Chicago |
17.34% |
7 |
Wachtell |
New York |
15.33% |
8 |
Sullivan & Cromwell |
New York |
13.57% |
9 |
Caplin & Drysdale |
D.C. |
11.06% |
10 |
Kirkland & Ellis |
Chicago |
9.05% |
10 |
Simpson Thacher |
New York |
9.05% |
12 |
Latham & Watkins |
New York |
8.79% |
13 |
Weil Gotshal |
New York. |
7.04% |
14 |
Mayer Brown |
Chicago |
5.28% |
15 |
Miller & Chevalier |
D.C. |
4.77% |
15 |
Sutherland |
Atlanta |
4.77% |
17 |
Morgan Lewis |
Philadelphia |
3.77% |
18 |
Debevoise |
New York |
3.52% |
18 |
Sidley Austin |
Chicago |
3.52% |
20 |
Fenwick & West |
Palo Alto |
3.27% |
For the seventh year in a row, Skadden is #1. From the press release: "Wachtell dropped three spots to No. 7, allowing Baker & McKenzie (No. 4), Cravath (No. 5), and McDermott (No. 6) to each move up a spot. Sutherland Asbill and Brennan (tied at No. 15), Morgan Lewis (No. 17), Debevoise (tied at No. 18), and Fenwick & West (No. 20) all joined the ranking after being unranked last year."
The city rankings are:
- New York (10)
- Chicago (5)
- D.C. (2)
- Atlanta, Philadelphia, Palo Alto (1)
For prior years' Vault Law Firm Tax Rankings, see:
https://taxprof.typepad.com/taxprof_blog/2016/07/2017-vault-law-firm-tax-rankings.html
I always find this belly-button gazing interesting. Like the guilty feeling of rubber-necking an accident on the interstate. I guess there are people to whom the "prestige" level of large firms is important. God bless them, every one.
Posted by: Publius Novus | Jul 12, 2016 9:14:47 AM