Anonymous User wrote: ↑Tue Mar 23, 2021 5:50 pm
Anonymous User wrote: ↑Tue Mar 23, 2021 5:43 pm
Anonymous User wrote: ↑Tue Mar 23, 2021 5:10 pm
Anonymous User wrote: ↑Tue Mar 23, 2021 5:00 pm
Anonymous User wrote: ↑Tue Mar 23, 2021 3:38 pm
Anonymous User wrote: ↑Tue Mar 23, 2021 3:27 pm
I'd agree with K&E over QE in most cases, but what is with this gratuitous fawning over K&E some people have? Is this all K&E associates justifying their life choices? Don't get me wrong, it's a good firm that's growing aggressively, but it also has downsides that other comparable firms might not have (ex. more "corporate-minded" rather than being law-firm traditional in its culture,
less prestigious than firms of a similar ranking, etc.)
Do you even read what you wrote?
> "less prestigious"
> same prestige ranking of another firm
> ????
I'm the quoted OP, and yes I read what I wrote. I apologize to everyone else if I am derailing this topic further, but Vault ranking is certainly not a great reflection of firm prestige. Kirkland & Ellis is not as prestigious as Cravath or Sullivan and Cromwell, and I'm sorry if that shatters your notions of how Vault rankings work.
Vault is literally a ranking of firm prestige. You don't know what you're talking about. "Vault's national ranking of the most prestigious law firms based on the assessments of lawyers at peer firms."
Yea, and it'll point you in the right direction generally, but it is a business and has to stay relevant by tweaking its rankings every year. Do you think Vault is a charity? It's accurate in the sense that it lists prestigious firms, but if you think Wachtell is less prestigious than Skadden, you're off your rocker. It's the same issue as with US News rankings for undergrad. Does anyone really think Columbia/MIT are better, on the whole, than Stanford and Yale for undergrad students?
Part of the issue is the selection bias in who will respond to the survey, and the problem that it is likely to conflate prestige with name recognition. Firms like Kirkland and Skadden are huge, and will do better on the latter.
I mean, Vault depicts WLRK and Skadden as vying back and forth for the position of "second most prestigious firm in the world," just behind Cravath and with a meaningful separation between them and the next most prestigious firm, Sullivan. Seems pretty accurate to me. And anyway, even if there is some discrepancy at the margin, there isn't enough to ever cover the gap between where K&E is at 6 and where Quinn is at 13 -- that's not "splitting hairs" it's "in a different tier." Which really doesn't surprise me--Quinn's reputation has never been that great relative to the V10.
Alright, whatever. I'm finding it increasingly hard to take this conversation seriously. My whole point is that the Vault rankings aren't really an accurate representation of firm prestige — if they were, they wouldn't need to release new rankings every year. If you do think Cravath > Skadden = WLRK, then you really don't have a good handle on New York big law prestige.
Vault is just a business just like the US News "rankings" of top colleges and universities are. Do you think Columbia/MIT are a more prestigious undergraduate school than Stanford or Yale, because it is ranked higher on US News?
My entire initial point is that Kirkland's
ranking is inflated relative to where its actual prestige is. Maybe you're a Kirkland associate/partner and you took umbrage with what I'm saying, or maybe you just don't understand what I'm saying. Vault is one ranking that purports to list law firms by prestige, just as US News purports to rank the best colleges and universities. But does anyone take US News seriously in thinking that Columbia is better than Yale/Stanford for undergrad (or that UChicago is tied with Stanford)? Likewise, just because Vault decided that through its own methodology that Kirkland is the sixth-most prestigious law firm in the United States, does not make it so. If you are making Vault the end-all be-all, then sure, Skadden is comparable prestige-wise to WLRK...
It's telling that you don't bother to engage with the entire issue I laid out with Vault's rankings — the rankings account for the opinion of whatever associates in the U.S. decide to fill out their survey, and are skewed to the larger firms.
But sure, go and report back on more Vault rankings. I'm glad you could confirm that Quinn is 13th and Kirkland is 6th, though it's not really relevant for the discussion. Columbia is 3rd, MIT and Yale 4th, and Stanford and UChicago are 6th in the US News rankings. Guess MIT and Yale are "vying back and forth for the position of 4th best undergrad university" based on the rankings this year. So we shouldn't tell any prospective students that Yale is considered heads above in prestige.