Clients See Fewer Law Firms Suited for Bet-the-Company Work

The number of US companies reporting active Bet-the-Company work tripled in 2015. Yet, these companies report a 13.7% drop in the number of law firms suited to deliver this Bet-the-Company work. Corporate counsel have become more selective and are demanding the best in client service along with their legal savvy. These same client want their Bet-the-Company law firm to understand the business risks—raising the standard for law firms, as well as the spending, for the smaller number of law firms in this exclusive club.

The law firms bucking the trend and climbing the ranks for Bet-the-Company work in the just-released BTI Brand Elite 2016 are:

Best of the Best:

Davis Polk & Wardwell
Gibson, Dunn & Crutcher
Jones Day
Kirkland & Ellis
Sidley Austin
Skadden, Arps, Slate, Meagher & Flom
Sullivan & Cromwell
Wachtell, Lipton, Rosen & Katz

Leaders:

Alston & Bird
Arnold & Porter
Baker & McKenzie
Covington & Burling
Cravath, Swaine & Moore
Debevoise & Plimpton
DLA Piper
Foley & Lardner
Hogan Lovells
Hunton & Williams
Jenner & Block
K&L Gates
Latham & Watkins
Mayer Brown
Morgan Lewis
Orrick, Herrington & Sutcliffe
Simpson Thacher & Bartlett
Wilson Sonsini Goodrich & Rosati

Learn more about why legal decision makers consider less than ¼ of law firms a sure bet in the new BTI Brand Elite 2016: Client Perceptions of the Best-Branded Law Firms, available now.