Vault Rankings - are they even at all worth looking at?

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prelawTN
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Joined: Sun Sep 21, 2014 5:55 pm

Vault Rankings - are they even at all worth looking at?

Postby prelawTN » Fri Nov 28, 2014 4:19 pm

the rankings are composed by people who don't work for the firms they're rating, so what at all should convince me that they know what they're talking about or that they're rating with what they know not what they feel or assume?

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fats provolone
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Re: Vault Rankings - are they even at all worth looking at?

Postby fats provolone » Fri Nov 28, 2014 4:21 pm

ignore rankings. the firm websites will have PR material that tell you all you need to know.

prelawTN
Posts: 26
Joined: Sun Sep 21, 2014 5:55 pm

Re: Vault Rankings - are they even at all worth looking at?

Postby prelawTN » Fri Nov 28, 2014 4:38 pm

fats provolone wrote:ignore rankings. the firm websites will have PR material that tell you all you need to know.


I realize that the firms themselves are probably less helpful, but in terms of work environment, how do people working elsewhere have enough of a working knowledge to rate firms?

GOATlawman
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Re: Vault Rankings - are they even at all worth looking at?

Postby GOATlawman » Fri Nov 28, 2014 5:09 pm

The comments are coming from the firm. The prestige ranking is done by employees at other firms, which makes complete sense if surveying prestige is your goal

They are worth more than nothing

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2014
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Re: Vault Rankings - are they even at all worth looking at?

Postby 2014 » Fri Nov 28, 2014 5:47 pm

They are a solid proxy for overall breadth of corporate practice in New York. The more parts of that sentence you change, the worse the rankings are. Looking at the raw score or trying to create tiers is pretty perilous.

KaNa1986
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Re: Vault Rankings - are they even at all worth looking at?

Postby KaNa1986 » Sat Nov 29, 2014 5:20 pm

The overall prestige list is not helpful. The regional prestige lists (NYC, DC, Boston, etc.) are. Associates tend to know a lot about about firms in their region from talking to other professionals, working with lawyers at other firms, etc. They know Wachtell, S&C, Cravath, Skadden, etc. dominate the biggest and most interesting deals in New York. They know Williams and Connolly, WilmerHale, etc. do the most complex work in DC. Same for other markets.

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parkslope
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Re: Vault Rankings - are they even at all worth looking at?

Postby parkslope » Mon Dec 08, 2014 12:55 pm

KaNa1986 wrote:The overall prestige list is not helpful. The regional prestige lists (NYC, DC, Boston, etc.) are. Associates tend to know a lot about about firms in their region from talking to other professionals, working with lawyers at other firms, etc. They know Wachtell, S&C, Cravath, Skadden, etc. dominate the biggest and most interesting deals in New York. They know Williams and Connolly, WilmerHale, etc. do the most complex work in DC. Same for other markets.


I agree with this--the regional prestige lists are actually semi-useful. The Vault 100 list is only useful for New York and "name brands" more generally.




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