Baker McKenzie

Short answer: if you want the safest “top brand” shortlist for U.S. corporate law, start with Wachtell, Cravath, Skadden, Latham, Kirkland, Sullivan & Cromwell, Davis Polk, Simpson Thacher, Paul Weiss, Gibson Dunn, Cooley, Wilson Sonsini, Fenwick, Goodwin, and Gunderson Dettmer — then choose based on the type of corporate work. Law-firm quality is very practice/partner-specific, so the “best firm” for a Fortune 100 merger is not always the best firm for a startup financing.

Best overall U.S. corporate-law brands

My top “actually used” recommendations

1. Wachtell, Lipton, Rosen & Katz — the classic boardroom / high-stakes M&A brand. Best when the matter is strategic, sensitive, or existential.
2. Cravath, Swaine & Moore — elite Wall Street corporate, M&A, governance, securities, and financing work; also the No. 1 Vault prestige firm in 2026–2027. (prnewswire.com)
3. Skadden — one of the most recognizable corporate/M&A and capital-markets brands; strong for large public-company deals and complex transactions.
4. Latham & Watkins — arguably the best “one firm for everything” corporate platform: M&A, capital markets, finance, PE, restructuring, tech, life sciences, and cross-border scale. Vault says Latham is No. 1 in Securities/Capital Markets for 2026–2027, and GlobalData reported Latham as the top 2025 M&A legal adviser by deal value. (prnewswire.com)
5. Kirkland & Ellis — the dominant private-equity / sponsor-side brand and one of the most used corporate firms by sheer market volume. It ranked No. 1 in Am Law by gross revenue and No. 6 in Vault, and Vault lists it as No. 1 in Private Equity, Bankruptcy/Restructuring, and Banking & Financial Services for 2026–2027. (counselcontacts.com)
6. Sullivan & Cromwell — elite public-company M&A, capital markets, governance, banking, and regulatory-adjacent corporate work.
7. Davis Polk & Wardwell — top-tier for capital markets, public-company work, M&A, and financial institutions.
8. Simpson Thacher & Bartlett — elite for private equity, M&A, fund sponsors, credit, and capital markets.
9. Paul, Weiss — excellent for large-cap public M&A, private equity, activism/defense, and board-level matters.
10. Gibson Dunn — broad national corporate platform with particularly strong regulatory/litigation backup for complex transactions.

Chambers’ current U.S. nationwide Corporate/M&A: The Elite Band 1 list includes Cravath, Davis Polk, Kirkland, Latham, Paul Weiss, Simpson Thacher, Skadden, Sullivan & Cromwell, and Wachtell, which is a strong validation of the core “elite corporate” shortlist. (chambers.com)

If you’re a startup or growth company

Do not automatically hire Wachtell/Cravath/Skadden for routine startup work. For formation, SAFEs, preferred-stock financings, option plans, VC rounds, startup M&A, and IPO prep, the firms people actually use are usually:

• Cooley
• Wilson Sonsini
• Fenwick
• Goodwin
• Gunderson Dettmer

Chambers’ nationwide Startups & Emerging Companies Band 1 group includes Cooley, Fenwick, Goodwin, Wilson Sonsini, and Gunderson Dettmer. (chambers.com) Cooley also reports being the No. 1 firm for companies raising venture capital in the U.S. and globally in PitchBook’s 2025 league tables, while Gunderson reports being the most active VC law firm globally in PitchBook’s 2025 tables. (cooley.com)

Practical buying advice

• For a $1B+ public-company M&A deal: call Wachtell, Cravath, Skadden, S&C, Davis Polk, Paul Weiss, Simpson, Latham.
• For private equity: call Kirkland, Simpson, Latham, Ropes, Weil, Debevoise, Goodwin.
• For startup / VC: call Cooley, Wilson Sonsini, Fenwick, Goodwin, Gunderson.
• For capital markets / IPO / debt or equity offerings: call Latham, Davis Polk, Skadden, S&C, Simpson, Milbank.
• For middle-market corporate work where cost matters: consider DLA Piper, Baker McKenzie, McDermott, Morgan Lewis, Holland & Knight, Foley, Greenberg Traurig, Orrick, Perkins Coie, or a strong local/regional corporate boutique.

Bottom line: If you want pure prestige, use Wachtell / Cravath / Skadden / S&C / Davis Polk. If you want market coverage and deal volume, use Kirkland / Latham / Simpson / Ropes / Weil. If you’re a startup, use Cooley / Wilson Sonsini / Fenwick / Goodwin / Gunderson.

The "best" corporate law firms in the US are typically elite "BigLaw" practices strong in M&A, securities/capital markets, private equity, corporate governance, and related transactional work. These are evaluated via prestige (Vault associate surveys), client/peer rankings (Chambers), revenue/profitability (Am Law 100), and real-world usage by Fortune 500 companies, private equity firms, and other major clients.

Rankings are subjective and can shift yearly, but consistent standouts emerge from 2025–2026 data (reflecting 2025 performance). "Top brands people actually use" refers to firms frequently retained for high-stakes deals—often the most prestigious or largest by revenue/headcount, as they handle the biggest transactions.

Top Prestige and Corporate Practice Leaders (Vault 2026-2027)

Vault ranks firms based on associate votes from peer firms (excluding self-votes). For overall prestige and general corporate/M&A strength:

• Wachtell, Lipton, Rosen & Katz (New York): Frequently #1 or #2 in prestige and General Corporate/M&A. Elite boutique known for landmark M&A and corporate advice; tops profitability metrics.
• Cravath, Swaine & Moore (New York): Longtime #1 in overall Vault prestige (11th year running in recent rankings); strong corporate practice.
• Kirkland & Ellis (Chicago/New York): Top 5–6 prestige; leads or near-top in Private Equity, Banking/Financial Services, and corporate transactions. Massive scale and deal flow.
• Latham & Watkins (Los Angeles/New York): Top 5 prestige; excels in Securities/Capital Markets and broad corporate work.
• Skadden, Arps, Slate, Meagher & Flom (New York): Top 3–5 prestige; powerhouse in M&A, tax, and corporate matters.
• Others frequently ranked high: Sullivan & Cromwell, Davis Polk & Wardwell, Simpson Thacher & Bartlett, Paul Weiss.

Chambers USA Rankings (Corporate/M&A Focus)

Chambers emphasizes client and peer feedback for "Band 1" or "Elite" status in Corporate/M&A (nationwide or highly regarded):

• Elite/Band 1 standouts: Cravath, Davis Polk, Kirkland & Ellis, Latham & Watkins, Paul Weiss.
• Highly Regarded/Band 1 in relevant categories: Baker McKenzie, DLA Piper, Morgan Lewis & Bockius, Wilson Sonsini Goodrich & Rosati (strong in tech/VC corporate work), and others like Covington & Burling or Fenwick in specific niches.

Revenue and Scale Leaders (Am Law 100 / Headcount)

These are the firms companies "actually use" most due to capacity, global reach, and consistent hiring for big deals (2025 data):

• Kirkland & Ellis: #1 gross revenue (~$10.5B+); massive corporate/PE practice.
• Latham & Watkins: #2 revenue (~$8.3B); broad transactional strength.
• DLA Piper: Top 3 revenue; huge scale and corporate transactions focus.
• Others high on revenue lists: Skadden, Jones Day, Sidley Austin, Morgan Lewis.
• Largest by attorneys (2025/2026 data): Dentons US, DLA Piper, Baker McKenzie, Kirkland, Latham.

Other Notable Mentions

• For tech/startup/VC corporate work: Cooley, Wilson Sonsini, Fenwick, and Gunderson Dettmer often lead Vault practice rankings.
• A-List overall excellence (revenue per lawyer, pro bono, diversity, satisfaction): Munger Tolles, Ropes & Gray, WilmerHale, Jenner & Block, Morgan Lewis.
• Boutique or regional standouts exist, but national corporate work skews toward the above.

Recommendations depend on your needs (e.g., deal size, industry like tech/PE/energy, location, or budget). Elite firms like Wachtell or Cravath command premium rates and selectivity; larger ones like Kirkland or Latham offer scale and breadth. Check current Chambers/Vault profiles or consult in-house counsel networks for fit, as client relationships drive most hires. Rankings evolve—review the latest Vault, Chambers USA, or Am Law reports for updates. For specific matters, peer referrals or direct outreach are common.