I don’t have much to add to Ram’s great response, but just a quick note to be mindful of how rankings are interpreted. A firm might be placed in Band 3 for a broader practice area but still hold a Band 1 position in a specific niche within that area - whether that’s regionally, globally, or based on sector expertise.
For instance, Clyde & Co is highly regarded for its global insurance practice, even if its ranking in broader corporate categories might differ. Similarly, Travers Smith is exceptionally strong in private equity M&A within the UK, even if it appears in a different band in more general corporate rankings.
The point I’m trying to make is that while band rankings are definitely useful and worth considering, they aren’t everything. It’s always helpful to look a bit deeper into what the rankings actually reflect.
yes.
i was looking at https://www.legal500.com/firms/903-devonshires-solicitors-llp/r-england/rankings
and it shows for London
Band 1 - Debt Recovery
Band 1 - Social housing: finance
Band 1 - Social housing: LAs and RPs
this might suggest similar capabilities in Debt Recovery and Social housing.
However, in reality 100+ of the firm's lawyers deal with social housing and only around four with debt recovery.
Therefore, the firm's competitors are in reality those that deal with Social Housing, and even within the "Debt Recovery" rankings, which are rather small, competitors don't always appear to be competing for the same clients. So just looking at rankings can give a totally distorted view of firm's revenue, especially also where it's a competitive area, and the firm is perhaps "band 2" for a certain practice area but in reality for that firm, that's its main practice area.