For the first time, the inimitable Vault site solicited partners’, not
just associates’, opinions for its annual "Most Prestigious Firms" ranking.  Here
we go:

  1. Cravath
  2. Wachtel
  3. Sullivan & Cromwell
  4. Davis-Polk
  5. Skadden

…etc.  Once again, in a victory for the home team, eight of the
top 10 are NYC-based (#7 Williams & Connolly and #9 Latham being the
exceptions), as are 16 of the top 25.

Meanwhile, Legal Week posed a different question to its UK
base:  How do you see the global legal marketplace ten years hence?

Despite a very rocky past couple of years, Clifford-Chance was judged
most likely to be the premier UK-based international player (41%), beating
out Freshfields (29%) and Allen & Overy (12%).  Will the leading
global firm be?:  UK-based (7%);  US-based (44%); "half and
half" [in the Azores, perhaps?] (49%).

My votes?  I have very little quibble with the "most prestigious"
rankings (kind of like debating whether Jeter or A-Rod adds more to the
Yankees), and I think the 7%-UK/44%-US split of the Legal Week poll
means the handwriting is on the wall.

Back
to work….

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