Being the most important financial center in the US and arguably the world, it’s no surprise that New York is the most significant legal market In the United States. Much of the legal practice is driven by an abundance of multinational companies and firms that rely on financial institutions to conduct their business. However, there are several other sources of clientele in various sectors, such as retail companies and consumer product manufacturers. As a result of these limitless opportunities, several international and local law firms call New York home. Consequently, this creates a wide range of job opportunities for both budding and seasoned legal practitioners looking to establish and grow their careers in a competitive environment. If you are looking for a top law firm in New York where you can nurture and improve your skills, consider one of these nine best law firms in New York City. To see more of the best law firms in New York City, have a look at this list.
How Strong is the Legal Market in New York?
Thanks to its ever-expanding business economy, there is a lot of legal work in New York. The high demand for legal practitioners is primarily due to exponential economic growth and burgeoning businesses in various sectors. According to Bloomberg, available jobs are innumerable, ranging from paralegals, support staff, and attorneys. Besides the considerable demand, remuneration for lawyers in New York is 188% higher than the national average. Typically, a lawyer in New York earns about $167,110 annually. However, salary ranges from $65,000 for first-year associates up to $424,404 based on experience and the firm you are working for.
Which Are the Best Law Firms in New York City?
If you are looking for a chance to kickstart or advance your career in the most prestigious law market in the US, here are some of the best law firms in New York. If none of these resonate with you, check out our comprehensive list of the top law firms in New York.
Arnold & Porter Kaye Scholer LLP
Arnold & Porter Kaye Scholer LLP is perhaps one of the biggest and most prestigious law firms not only in New York but in the entire United States. With over 1,000 attorneys and 14 offices around the world, it serves clients in a broad spectrum of industries specializing in about 40 practice areas. These include but are not limited to real estate, tax, environmental, intellectual property, energy suppliers, labor, and employment. The firm has been in existence for over 100 years
Akin Gump Strauss Hauer & Feld LLP
Akin Gump Strauss Hauer & Feld LLP is a large, significant law firm in New York both in terms of practice areas and revenue. In the recent past, it has been a frequent recipient of several industry recognitions for its high stakes appellate works, strength in litigation, depth in public policy, and revolutionary leadership in business and organizational transactions. Its main areas of specialization are banking, corporate, international energy, antitrust, finance, litigation, labor, securities, environmental, and employment, among others.
Cleary Gottlieb Steen & Hamilton LLP
Popularly known as Gottlieb, Cleary Gottlieb Steen & Hamilton LLP is a white shoe international law firm headquartered in New York City. The firm also serves global clients on five continents and boasts an impressive 1200 attorneys worldwide. Notably, it was the first American law firm to qualify for a practice license in Japan and has represented several big companies and governments throughout the world. Its main practice areas include, but are not limited to, real estate, tax, intellectual property rights, energy, antitrust and environmental law.
Cravath, Swaine & Moore LLP
With over 200 years in operation, Cravath, Swaine & Moore LLP has risen to become one of the best law firms in New York and the United States as a whole. Under its belt, the firm boasts several leading practices spanning the corporate world, capital markets, tax, M&A, real estate, trusts, compensations and benefits, banking, and credit. Besides operating in the US, the firm also has a robust international market share, with 25 percent of its client base being outside the US.
Cahill Gordon & Reindel LLP
Cahill Gordon & Reindel LLP is a top law firm in New York, incorporated in 1919. Since then, it has built a strong reputation in handling corporate and financial law sectors. It has established this reputation by focusing their efforts on complex challenges that multinational corporations and financial services firms face. The firm offers a broad spectrum of law services in areas such as capital markets and lending, intellectual property, antitrust and trade regulation, mergers and acquisitions, insurance, and commercial litigation.
Clifford Chance LLP
Clifford Chance LLP is one of the largest and best law firms in New York and the world in terms of revenue and attorneys, and is also a member of the “Magic Circle.” Though headquartered in London, it has offices in New York with a significant number of lawyers across the United States. Benefiting from strong ties with private equity sponsors, banks, and corporations, it has established a unique perspective across the entire spectrum of the capital industry on both the borrower and lender side. With its vast resources from all over the world, it excels in several practice areas such as employment, tax, construction, capital market, insurance, and real estate.
What’s the Bottom Line?
If you are looking to launch or advance your career, New York is undoubtedly the place to be. For novices, there are ample openings to kick start a law career, and seasoned lawyers will also have several opportunities to advance their careers in various top law firms in New York.
About Harrison Barnes
Harrison Barnes is a prominent figure in the legal placement industry, known for his expertise in attorney placements and his extensive knowledge of the legal profession.
With over 25 years of experience, he has established himself as a leading voice in the field and has helped thousands of lawyers and law students find their ideal career paths.
Barnes is a former federal law clerk and associate at Quinn Emanuel and a graduate of the University of Chicago College and the University of Virginia Law School. He was a Rhodes Scholar Finalist at the University of Chicago and a member of the University of Virginia Law Review. Early in his legal career, he enrolled in Stanford Business School but dropped out because he missed legal recruiting too much.
Barnes' approach to the legal industry is rooted in his commitment to helping lawyers achieve their full potential. He believes that the key to success in the legal profession is to be proactive, persistent, and disciplined in one's approach to work and life. He encourages lawyers to take ownership of their careers and to focus on developing their skills and expertise in a way that aligns with their passions and interests.
One of how Barnes provides support to lawyers is through his writing. On his blog, HarrisonBarnes.com, and BCGSearch.com, he regularly shares his insights and advice on a range of topics related to the legal profession. Through his writing, he aims to empower lawyers to control their careers and make informed decisions about their professional development.
One of Barnes's fundamental philosophies in his writing is the importance of networking. He believes that networking is a critical component of career success and that it is essential for lawyers to establish relationships with others in their field. He encourages lawyers to attend events, join organizations, and connect with others in the legal community to build their professional networks.
Another central theme in Barnes' writing is the importance of personal and professional development. He believes that lawyers should continuously strive to improve themselves and develop their skills to succeed in their careers. He encourages lawyers to pursue ongoing education and training actively, read widely, and seek new opportunities for growth and development.
In addition to his work in the legal industry, Barnes is also a fitness and lifestyle enthusiast. He sees fitness and wellness as integral to his personal and professional development and encourages others to adopt a similar mindset. He starts his day at 4:00 am and dedicates several daily hours to running, weightlifting, and pursuing spiritual disciplines.
Finally, Barnes is a strong advocate for community service and giving back. He volunteers for the University of Chicago, where he is the former area chair of Los Angeles for the University of Chicago Admissions Office. He also serves as the President of the Young Presidents Organization's Century City Los Angeles Chapter, where he works to support and connect young business leaders.
In conclusion, Harrison Barnes is a visionary legal industry leader committed to helping lawyers achieve their full potential. Through his work at BCG Attorney Search, writing, and community involvement, he empowers lawyers to take control of their careers, develop their skills continuously, and lead fulfilling and successful lives. His philosophy of being proactive, persistent, and disciplined, combined with his focus on personal and professional development, makes him a valuable resource for anyone looking to succeed in the legal profession.
About BCG Attorney Search
BCG Attorney Search matches attorneys and law firms with unparalleled expertise and drive, while achieving results. Known globally for its success in locating and placing attorneys in law firms of all sizes, BCG Attorney Search has placed thousands of attorneys in law firms in thousands of different law firms around the country. Unlike other legal placement firms, BCG Attorney Search brings massive resources of over 150 employees to its placement efforts locating positions and opportunities its competitors simply cannot. Every legal recruiter at BCG Attorney Search is a former successful attorney who attended a top law school, worked in top law firms and brought massive drive and commitment to their work. BCG Attorney Search legal recruiters take your legal career seriously and understand attorneys. For more information, please visit www.BCGSearch.com.
Harrison Barnes does a weekly free webinar with live Q&A for attorneys and law students each Wednesday at 10:00 am PST. You can attend anonymously and ask questions about your career, this article, or any other legal career-related topics. You can sign up for the weekly webinar here: Register on Zoom
Harrison also does a weekly free webinar with live Q&A for law firms, companies, and others who hire attorneys each Wednesday at 10:00 am PST. You can sign up for the weekly webinar here: Register on Zoom
You can browse a list of past webinars here: Webinar Replays
You can also listen to Harrison Barnes Podcasts here: Attorney Career Advice Podcasts
You can also read Harrison Barnes' articles and books here: Harrison's Perspectives
Harrison Barnes is the legal profession's mentor and may be the only person in your legal career who will tell you why you are not reaching your full potential and what you really need to do to grow as an attorney--regardless of how much it hurts. If you prefer truth to stagnation, growth to comfort, and actionable ideas instead of fluffy concepts, you and Harrison will get along just fine. If, however, you want to stay where you are, talk about your past successes, and feel comfortable, Harrison is not for you.
Truly great mentors are like parents, doctors, therapists, spiritual figures, and others because in order to help you they need to expose you to pain and expose your weaknesses. But suppose you act on the advice and pain created by a mentor. In that case, you will become better: a better attorney, better employees, a better boss, know where you are going, and appreciate where you have been--you will hopefully also become a happier and better person. As you learn from Harrison, he hopes he will become your mentor.
To read more career and life advice articles visit Harrison's personal blog.