International law firm Weil, Gotshal & Manges, LLP has been recognized as a top law firm by the career intelligence company Vault. Weil is the only firm in the country to secure a top ten spot in three key categories: most prestigious, best law firm to work for and best law firm for diversity.
In the survey of more than 15,000 attorneys at 166 law firms in the United States, Weil is the seventh most prestigious, third best to work for overall and fifth best firm for diversity.
Robert Carangelo, partner and chair of Weil's Hiring Committee, added: "Achieving a top ten ranking in all three of these categories in the 2012 Vault rankings is a proud accomplishment. Weil is focused on making the firm a great place to work and one that supports a truly diverse working environment while doing our best for our clients; it is nice to see that our efforts are continuing to make an impact."
In the Best Law Firms to Work For list, associates were asked to rate their firm on a 1-to-10 scale for several quality-of-life categories. Weil associates were overall "extremely satisfied" with their work environment and commended the firm's training programs (formal/ informal), compensation level and business outlook.
In the diversity ranking, Weil moved up nine spots from 14th to 5th. The Firm also secured a spot in the top ten across several categories related to diversity of women (#6), minorities (#4) and gays and lesbians (#9).
"Weil has a deep and long-standing commitment to diversity and inclusion across our worldwide offices," commented Andrea Bernstein, partner and chair of Weil's Diversity Committee. "We are gratified to be recognized by Vault for our achievements in this area."
In addition to placing in the top ten in three of Vault's main law firm rankings, Weil is ranked as the #1 firm in the Practice Area rankings for its Bankruptcy work. The firm also moved up nine spots to place #8 for Class Actions. Weil is ranked within the top ten in the following practice areas: Antitrust (#10); Securities Litigation (#10); General Corporate (#9); Tax (#9); Class Actions (#8); Securities (#8); M&A (#8); Private Equity (#8); and Bankruptcy (#1). To determine the Practice Area rankings, associates were able to vote for up to three firms in their own practice area but were not permitted to vote for their own firm.
Weil also placed in the top ten for Best Law Firms by Region, including Miami (#3), Texas (#5), New York City (#8) and Northern California (#9). Rankings by region were based on surveys completed by industry peers.
Ed Gander, Nick Benson, Nigel Clark and Jonathan Kandel have accepted an offer to join Weil's London office to establish a Fund Formation group. The four partners comprise the significant part of the team widely recognised as the number one European Fund Formation group and are acknowledged by clients and industry commentators for their unmatched experience in all aspects of fund establishment.
The London team will work closely with Weil's leading Funds practices in the U.S., Europe and Asia, and will be an integral component of its global private equity practice.
Weil's highly regarded US.. Funds team is ranked in Band 1 for Private Equity Fund Formation by the current edition of Chambers USA, where it is described as having "a diverse workload and deep regulatory expertise ... advising sponsors on attempts to raise capital in increasingly novel situations." The firm's China offices are ranked in Band 1 for Investment Funds - RMB Fund Formation (International Firms) by Chambers Asia-Pacific 2011. The Asian Funds team has a broad range of experience representing international and Asia-based sponsors in the formation and restructuring of Asia-focused private investment funds, and it has been at the forefront of the recent formation of RMB private equity funds.