{ "media_type": "text", "post_content": "What is v10/v20/v30? I work at Latham but in London and we don’t use that terms at all in the UK. We have magic circle for the top UK firms and white shoe for the top US (although most people don’t really use white shoe, they just assume all US firms in London are decent due to the salary disparity).", "post_id": "61541cd7db4a800025975e3d", "reply_count": 11, "vote_count": 2, "bowl_id": "5df70ed2f7169f002b172d3f", "bowl_name": "Big Law" }

What is v10/v20/v30? I work at Latham but in London and we don’t use that terms at all in the UK. We have magic circle for the top UK firms and white shoe for the top US (although most people don’t really use white shoe, they just assume all US firms in London are decent due to the salary disparity).

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It’s a rough analogue in the US for law firm prestige but at a very, very high level and slanted toward NY-based corporate practices. WLRK/CSM/Skadden/etc. are indeed all top dogs for pubco M&A (WLRK more so but I digress) but it’s not going to tell you a lot about say lit (elite boutiques like Susman and Kellogg are way down the list), EC/VC (Gunderson way down at the bottom, rest like Cooley, WSGR, Goodwin spread throughout), etc. Chambers is a much better source for what practices firms are good at. Best Vault gives you is an impression among current associates (since they’re the ones who complete the survey) about which firms are viewed as prestigious.

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It is a popularity contest to be sure but it’s seen by laypersons as a proxy for prestige and especially so among most law students. Firms wouldn’t care so much about folks filling out their surveys and about how they’re perceived on Vault otherwise.

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Vault rankings. An American system of ranking law firms. Google the Vault 100 law firms, it’ll provide you the list

C1 is right. Fenwick, Gunderson, Susman and Kellogg are a few firms that are lower ranked on Vault but are considered top notch in their respective areas.

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