October 19, 2009 12:42 PM
A New Law Firm Ranking System
Posted by Zach Lowe
The Association of Corporate Counsel's annual meeting is in full swing in Boston today, and we've already gotten an interesting bit of news, courtesy of our colleagues at Corporate Counsel: The ACC will introduce a ranking system for law firms on Tuesday.
We know what you're thinking--there already are lots of ranking systems for law firms. There's Am Law's own profitability indexes, various M&A league tables, diversity scores, work-life balance rankings, and many more lists we all love to devour. But this newest one promises to be different: The ACC rankings will be based on six different criteria, including whether the firm offers "predictable cost and budgeting skills" and "efficiency and process management." The rankings, which the ACC will call its "Value Index," will also ask corporate counsel whether they would hire a particular firm again. Members of the ACC will be able to search the rankings in a database.
The list promises to offer something unique--a database of firms most open to alternative fee arrangements and other cost-savers popular among corporate counsel. Look for more from Corporate Counsel as ACC's meeting continues this week.Make a comment