The first step in identifying the top law firms in New York City is to understand what each one of them offers. In this article, you’ll learn how to use the data collected to determine the best firm for your needs. We’ll also discuss how to use qualitative and quantitative data to determine a firm’s rank within a specialty. For example, you can compare the head count of law firms in the area of intellectual property, bankruptcy, and real estate, as well as the number of lawyers in each firm.
This year, the rankings shifted from office megadeals to residential real estate transactions. The Real Deal analyzed more than 7,700 buyer-side transactions in Manhattan, ranging from a few thousand dollars to $11.5 billion. This included both luxury townhouses and condominiums, so the ranking is largely driven by the firm’s experience with real estate. However, these rankings are not exhaustive. In fact, they are based on a number of other factors, including the size and scope of the firm.
When evaluating a law firm’s size and prestige, you need to look beyond the number of lawyers and the amount of money that a firm makes. While the size of the firm does matter, it’s also important to consider its diversity. In COVID times, firms can cut associates while piling up big head count numbers. By using the data from these surveys, you can choose a law firm that best suits your needs.