Ed. Note: Welcome to our daily feature Trivia Question of the Day!
According to Bloomberg Law’s ranking of Biglaw firms for mergers and acquisitions work through three quarters this year, Wachtell, Lipton, Rosen & Katz is currently ranked in what spot, falling down the ranking after holding on to the #2 spot for the last three years?
Hint: The firm is an outlier, leaning into its narrow focus as the rest of the industry has broadened their practice. Law firm adviser Peter Zeughauser said, “What may be threatening to them is not having relationships with new money. That’s what they need to crack — maybe that’s through laterals or through a more proactive relationship in the financial community.”
See the answer on the next page.