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Subject Expert
Very. It’s basically the opposite of vault.
Coach
CLO1: Exactly, when I need local counsel, I look at Chambers and the rankings for our own practice are correct.
Coach
The most legit of the rankings, but still has its faults. Takes forever to get on and once on it’s incredibly difficult to drop off or down bands (even if warranted).
L1 - right. Forgot to mention that aspect, though the real challenge is getting them to respond to the outreach. Anecdotally, even longtime / loyal / satisfied clients have a low response rate. The partners willing to do a bit of chasing on this front, when appropriate, tend to also do well in the rankings.
Subject Expert
Very but can be outdated. Still the best public resource by a lot.
About as legit as they come.
Mentor
Probably by far the best rankings that we have in the legal profession (for law firms at least). Legal500 is OK, Vault is generally terrible but the top of their rankings in each category is fairly good at capturing general practice area prestige (but once you get past like the top 1-3 firms, it’s just a shit show). Think it’s been said a million times but the overall v100 rankings are useless other than a general guide towards which firms generally have strong reputations. You get random stuff like Milbank jumping from v40 to the cusp of v10 for raising associate salaries.