We can only look at the underlying data and believe there are big changes brewing in the law firm value proposition. This year clients report the number of law firms making changes to deliver more value, at 267, nearly doubled from last year when it was 138. These firms are offering everything from more aggressive use of client facing budgeting tools, alternative staffing, AFAs, new work processes, new pricing strategies, using non lawyers, and a few others. Clients see this as a move in the right direction. 6 of the 8 firms recognized as Best of the Best are new in 2017, joined by 2 repeat firms from last year.
The law firms Driving the most Value with clients in the just-released BTI Brand Elite 2017 are:
Best of the Best
Cooley
Dentons
Jones Day
Latham & Watkins
McGuireWoods
Reed Smith
Skadden
Wachtell, Lipton, Rosen & Katz
Leaders
Alston & Bird
Arnold & Porter Kaye Scholer
Baker McKenzie
BakerHostetler
Bryan Cave
Cravath, Swaine & Moore
DLA Piper
Gibson Dunn
Hogan Lovells
K&L Gates
Ogletree Deakins
Polsinelli
Ropes & Gray
Seyfarth Shaw
Shook, Hardy & Bacon
Learn how to become a value driver in the new BTI Brand Elite 2017: Client Perceptions of the Best-Branded Law Firms, available now.