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JulyAug 07 Cover

Cover Story

26 America's Best Corporate Law Firms
The 2007 Corporate Board Member /FTI Consulting Survey 

Perennial powerhouse Skadden Arps Slate Meagher & Flom ranks No. 1 for the seventh consecutive year in our annual survey. Eight other firms from last year’s Top 20 moved up in the rankings, and two fell from the list, replaced by newcomers.

July/August 2007

Features

28
The Changing Scene
New policies and new faces surfaced at Top 20 law firms this year. They include alternative work schedules for parents, stricter attention to client criticism, a push to hire more minority lawyers, and a new chief for No. 2-ranked Cravath Swaine & Moore.

36 Winners in 25 Metro Areas
In addition to choosing the Top 20, nearly 1,000 directors of public corporations picked the law firms they most admire in 25 metropolitan areas. Five 2006 contenders vaulted to first place in the 2007 metro-area rankings, and another five climbed into ties with last year’s local leaders.

54
Going Global: The Legal Perils Multiply
Staying on the right side of the law is increasingly complicated for companies doing business internationally. And it’s more expensive than ever if you slip up.
Plus: Sidestepping Foreign Controls
When It's Legal to Grease the Wheels

64
Lawyer-Client Relationships Go Both Ways
To get the best work out of your lawyers, you need to do your part. Prestigious attorneys tell what makes a client great.
Plus: Advice for Clients—And It's Absolutely Free

70
In-House Lawyers Speak Out
They rank the national law firms and sound off about their jobs, their board relationships, and their own legal worries.
Plus: What a GC Should Tell a Board —And When
General Counsel in the Hot Seat
How Boards Can Protect Their GC from Personal Liability

78
Learning to Serve Their Clients' Needs
Eight young attorneys at the top firms discuss their most important lessons about corporate law and corporate clients. One recurring theme: Know the business as well as the business law.