Anonymous User wrote:Anonymous User wrote:It's just so gloriously clueless. It reads like someone who read chambers and made a list of firms that are Band 1 in certain practice areas.
How would you differentiate the corporate work of that "group" of firms, personally?
Are there notably different practice strengths or will it mostly come down to your fit with the firm at that level?
There are some practice areas (and firms) that it is better to be an associate at, and some where the partnership is equally prestigious, but being an transactional associate blows (and more to the point, you don't get the kind of training you need!) (cough cough Cahill)
I think that if you have the grades to meet S&C's cutoff, and you are interested in transactional work, it absolutely, stone-cold needs to be high enough on your list to guarantee an interview. It's arguably the best non-Wachtell transactional firm in the country! Dithering around with Kirkland and Debevoise and whatever else is simply madness. Back in my day, every serious (i.e. mid-Stone or higher) transactional candidate made sure to get their S&C offer.
If you get S&C and Cleary, or S&C and Cravath, etc., than you can start dicking around with fit and midtown v. downtown and all that other crap, but for gods sake, you want to do transactional work, you have to focus on getting an offer at a top transactional firm. And the number of really top transactional firms isn't that large - arguably, it excludes Davis Polk until they rebuild their M&A practice, though Davis Polk is still a marvellous firm - Wachtell, Cravath, Cleary, Simpson, S&C, maybe DPW and that's kind of it. Sure, you can make arguments for a practice group here or there, but that list is the limited number of places where no matter what group ultimately takes a shining to you, you're in a top-notch situation with superb training.
So anyways, that's what's so crazy about hyper-fetishizing Chambers band rankings and what not. For transactional, the game hasn't changed in a decade and is really simple. Get yourself into one of the top places, and your bidding should be designed entirely to accomplish that. If you end up at Cleary and not Davis Polk, or S&C and not Cravath, etc., that is all just a meaningless rounding error - once you have the top-tier offer, you're playing with house money and you can futz around with Chambers rankings till the cows come home.