“For 32 years, the Legal 500 has been analysing the capabilities of law firms across the world, with a comprehensive research programme revised and updated every year to bring the most up-to-date vision of the global legal market. The Legal 500 assesses the strengths of law firms in over 150 jurisdictions.”
“The rankings are based on a series of criteria, but simply put, we highlight the practice area teams who are providing the most cutting edge and innovative advice to corporate counsel. Our research is based on feedback from 300,000 clients worldwide, submissions from law firms and interviews with leading private practice lawyers, and a team of researchers who have unrivalled experience in the legal market.” ~ Legal 500 (http://www.legal500.com/)
The body explains how it ranks firms:
“When reviewing the performance of a firm or department we use various criteria; our focus is on the bench strength of the team (including partners and associates), and the consistency of quality of the individuals within the team. Our assessment will be influenced by all the things that make the complete practice in that field. Areas that are considered include (but are not limited to):
Very strong technical ability available for the most complex and innovative work
Most prestigious clients
Individuals with the contacts at, and credibility with, the top clients
In-depth capability beyond star partners
Capacity for the biggest transactions/cases
Historical track record on top deals/cases
Clear investment for the future in a particular practice area
Progress made with acquiring new clients/ market share
Strength in associated areas – eg can an M&A department undertake competition work to an equal standard?
Reputation for handling complex, innovative deals
Capacity to handle all client requirements in an area – eg international offices/connections
Commitment to IT and the use of IT to improve client services
Perception in the market.
As a firm we strive to continually improve our standards of service and excellence. Inclusion in the Legal 500 recognises the work we do here to deliver the very best advice and standard of service to our clients. It is an achievement that every lawyer in our firm can be very proud of.