"Prestige, it seems, has its limits. The new Vault 100 rankings have arrived, and after several firms kissed Trump's ring, perceptions appear to have shifted - and not in the most flattering direction."
"Cravath has now claimed the top spot in the Vault 100 for more than a decade (11 years), which is a remarkable milestone. There was some movement when it came to the most elite firms in the rankings."
"This is the ninth year in a row that the majority of these firms have been in the Top 10. However, there were not only some fluctuations in rank among them, but one firm is also missing from the usual suspects."
Associates at major law firms value prestige more than salary, but recent associations with Trump have negatively impacted reputations. The Vault 100 rankings reveal shifts in perceptions, particularly for firms that aligned with Trump. Cravath has maintained its top position for over a decade, while other firms have experienced fluctuations in rankings. The latest rankings show that prestige has limits, as some firms have fallen from grace due to their political affiliations, affecting their standing in the legal market.
Read at Above the Law
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