AmLaw rankings attacked over verein treatment

The calculation of revenues and rankings for Norton Rose Fulbright, Dentons and other Swiss-based verein structures has introduced controversy to the latest Am Law top 100 listings.
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Calculation of revenues and rankings for Swiss-based verein structures has introduced controversy to the latest Am Law top 100 listings. jurgenfr

Articles in The Economist and Above the Law have suggested that Am Law was incorrect to conclude that the six vereins in the listing performed worse than the other firms, on average. Above the Law quotes a defender of the vereins as saying: ‘AmLaw’s methodology here is sophomoric and shoddy, and the fact that they based the thesis of their writeup on an obviously flawed apples-to-oranges comparison is more so.’ The Economist defines a vermin as ‘a Swiss partnership that lets [law firms] maintain separate national or regional profit pools under a single brand’. A controversy surrounds whether DLA Piper and the others using this structure should be treated as if they were one firm. Duncan Weston, managing partner of CMS Cameron McKenna told the Global Legal Post that it was like comparing apples and oranges. Source: Above the Law

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