Anonymous User wrote:A&O wrote:Corporate work, will matter a lot. An associate at a top corporate firm will be exposed to bigger (billion dollar deals instead of millions), more complicated deals than a V50 associate. Goldman Sachs works mostly with s&c. Morgan Stanley with DPW. KKR/Blackstone with STB. They will farm work out elsewhere but not their big deals. Maybe they'll have a lower ranked firm do their run-of-the-mill credit default swap; but s&c orchestrated their $10B CDS with the German banks betting that Greece would default.
Just want to add to this that second tier firms will often find themselves on these mega-deals, but not in lead roles, so the quality of work also suffers as a result.the three firms consistently at the table were S&C, DPW and STB.
Don't forget Cleary.
They might be the forgotten child. I didn't hear their name mentioned when I was interviewing with the above-mentioned-firms as the counterpart lawyers in the bailout deals.
Btw, when you pick a firm, don't use the same mentality as you did with picking law schools. The vault rankings don't correlate as much as USNWR in terms of exit options.
and finally, figure out who the predominant clients of a firm are and you'll know what the exit options are if you want to lateral in-house. The in-house positions usually come about from direct client relationships rather than resume bombing.
Though, outside of Weil, the V10 is a pretty good proxy. (when taken as a group)