U.S. News & World Report ranks colleges, graduate schools, hospitals and myriad other things. Now, it’s ranking law firms, and 31 have been named the best when it comes to alternative investments.
Twenty-three firms ranked in the first tier for hedge fund and private funds law, and another 16 made that grade in the private equity sphere. Just eight firms earned first-tier honors for both: Cooley, Davis Polk & Wardwell, Debevoise & Plimpton, Goodwin Procter, Ropes & Gray, Skadden Arps Slate Meagher & Flom, Simpson Thacher & Bartlett and Weil Gotshal & Manges.
Another five were ranked as first-tier hedge fund firms and second-tier p.e. firms: Dechert, Gibson Dunn & Crutcher, Lowenstein Sandler, Morgan Lewis & Bockius and White & Case.
The balance of the hedge fund top tier include Akin Gump Strauss Hauer & Field, Ballard Spahr, Cleary Gottlieb Steen & Hamilton, K&L Gates, Maynard Cooper & Gale, Paul Weiss Rifkind Wharton & Garrison, Proskauer Rose, Schulte Roth & Zabel, Sidley Austin and WilmerHale. Other first-tier private equity law firms were Akerman Senterfitt, Bingham McCutchen, Latham & Watkins, Willkie Farr & Gallagher, Fulbright & Jaworski, Holland & Knight, Kirkland & Ellis and Wilson Sonsini Goodrich & Rosati.