Targeting NYC - Look at Chambers "Nationwide" or "New York"?

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moniker
Posts: 3
Joined: Sat Feb 16, 2013 11:36 am

Targeting NYC - Look at Chambers "Nationwide" or "New York"?

Postby moniker » Thu Jun 20, 2013 3:52 pm

For example, I'm only interested in working in New York. I want to know how Jones Day NYC ranks.

Do I follow "Chambers USA Corp/M&A - Nationwide" - ranking Jones Day as "Elite Band 3"? Or do I follow "Chambers USA Corp/M&A - New York" - ranking Jones Day as "Elite Band 5"?

wisdom
Posts: 43
Joined: Mon Apr 22, 2013 8:05 pm

Re: Targeting NYC - Look at Chambers "Nationwide" or "New York"?

Postby wisdom » Thu Jun 20, 2013 4:18 pm

If there's a New York ranking, I'd take a look at that first. But I'd say you also have to investigate the firm's structure and way of dividing up work. Jones Day has this whole "one firm worldwide" ethos, which could mean that in NYC you'd still be working on deals originating in Chicago, out on the west coast, international offices, etc. For other firms things may be more silo'd off (perhaps due to the fact that some firms are really merged combinations of two, three, four smaller firms from different regional markets) in which case regional ranking would be much more important.

itbdvorm
Posts: 1573
Joined: Tue Aug 17, 2010 9:09 am

Re: Targeting NYC - Look at Chambers "Nationwide" or "New York"?

Postby itbdvorm » Thu Jun 20, 2013 4:57 pm

moniker wrote:For example, I'm only interested in working in New York. I want to know how Jones Day NYC ranks.

Do I follow "Chambers USA Corp/M&A - Nationwide" - ranking Jones Day as "Elite Band 3"? Or do I follow "Chambers USA Corp/M&A - New York" - ranking Jones Day as "Elite Band 5"?


The answer is both / it depends.

For "national" practices (such as Capital Markets, Appellate law, Private Equity, Project Finance, undoubtedly others), the Nationwide practice is the one to look at.

For specific practices listed in NY, the NY ranking will be a good assessment (+/- a band) of how the group is perceived locally, but the Nationwide rank will affect your deal flow and overall experience unless you're in a NY-headquartered firm. So, for example, I wouldn't necessarily rank Latham (NY M&A 3 / Nationwide 1) or Kirkland (NY M&A 3 / Nationwide 2) behind Weil, Debevoise or Cleary (all both NY/Nationwide M&A band 2), but I would certainly rank Paul Weiss (NY/Nationwide M&A band 3) a notch behind.

Make sense? Feel free to PM w/specific qs

moniker
Posts: 3
Joined: Sat Feb 16, 2013 11:36 am

Re: Targeting NYC - Look at Chambers "Nationwide" or "New York"?

Postby moniker » Thu Jun 20, 2013 6:45 pm

itbdvorm wrote:Make sense? Feel free to PM w/specific qs


Great explanation. Any insight on Chambers USA versus Chambers Global?

Let's say I'm looking at Milbank for Project Finance:

Chambers USA ranks Milbank "Projects: Oil & Gas (Band 2)" under the "Nationwide" subheading.
http://www.chambersandpartners.com/USA/Firms/3640-98395 (click the "Rankings" blue button)

Chambers Global ranks Milbank "Projects: Oil & Gas (Band 1)" under the "USA" subheading.
http://www.chambersandpartners.com/Glob ... 8032-98305 (click the "Rankings" blue button)

itbdvorm
Posts: 1573
Joined: Tue Aug 17, 2010 9:09 am

Re: Targeting NYC - Look at Chambers "Nationwide" or "New York"?

Postby itbdvorm » Fri Jun 21, 2013 11:59 am

moniker wrote:
itbdvorm wrote:Make sense? Feel free to PM w/specific qs


Great explanation. Any insight on Chambers USA versus Chambers Global?

Let's say I'm looking at Milbank for Project Finance:

Chambers USA ranks Milbank "Projects: Oil & Gas (Band 2)" under the "Nationwide" subheading.
http://www.chambersandpartners.com/USA/Firms/3640-98395 (click the "Rankings" blue button)

Chambers Global ranks Milbank "Projects: Oil & Gas (Band 1)" under the "USA" subheading.
http://www.chambersandpartners.com/Glob ... 8032-98305 (click the "Rankings" blue button)


I think (could be wrong) Chambers Global trails Chambers USA by one cycle - so Chambers Global is last year's USA rankings




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