New York City remains a beacon for those in the legal profession, especially for those with ambitions of climbing the Biglaw ladder. This year’s Vault regional rankings shed light on which firms hold the most prestige in the competitive NYC market. These rankings are compiled from votes by associates, who rate firms based on their perceived prestige on a 1 to 10 scale.
Dominating the top spot is Cravath, Swaine & Moore, followed closely by Wachtell, Lipton, Rosen & Katz. Noteworthy mentions include Davis Polk & Wardwell, ranked third, and Skadden, coming in fourth. The remainder of the top 10 includes:
- Cravath, Swaine & Moore
- Wachtell, Lipton, Rosen & Katz
- Davis Polk & Wardwell
- Skadden
- Sullivan & Cromwell
- Paul, Weiss, Rifkind, Wharton & Garrison
- Latham & Watkins
- Simpson Thacher & Bartlett
- Kirkland & Ellis
- Debevoise & Plimpton
These firms are not only prestigious but also lead in compensation, often being the first to announce bonuses and raises. For instance, Cravath and Davis Polk have significantly influenced the market with their progressive salary increases. Meanwhile, although Milbank fell outside the top 10, it has been a notable trendsetter, especially in raising associate salaries since 2018, currently positioned at No. 14.
For more detailed insights, you can explore the full list on Vault.
As New York’s legal landscape continues to evolve, these rankings provide a valuable benchmark for associates and firms alike. For further reading and a comprehensive breakdown, visit Above the Law.