SOURCE: BrightScope

February 22, 2011 06:00 ET

BrightScope Announces the Top 25 Law Firms With the Best 401K Plans

Cleary Gottlieb Steen & Hamilton LLP, Cravath, Swaine & Moore LLP and Stoock & Stroock & Lavan LLP Rank the Highest

SAN DIEGO, CA--(Marketwire - February 22, 2011) - BrightScope (, the leading provider of independent retirement plan ratings and investment research, today released a list of the top 25 law firms in the country with the highest ranked 401k plans containing more than $100 million in assets. BrightScope obtains an increasing amount of its data directly from plan sponsors and record keepers, and augments these primary sources with information from publicly available sources such as the Department of Labor and the Securities and Exchange Commission. By analyzing and interpreting this data, BrightScope provides unprecedented transparency into the 401k industry.

"The average 401k participant in the legal industry has an account balance that is significantly higher than the median, which means that they have more to lose when a plan is not efficiently managed," said Mike Alfred, CEO and co‐founder of BrightScope. "BrightScope makes it simple to identify weaknesses within plans so participants and sponsors can initiate small adjustments to plan structure that have positive long-term effects on the plan's value."

The Top 25 law firms with the highest ranked 401k plans containing more than $100 million in assets:

Company -- Plan Name -- BrightScope Rating (Rounded to the nearest whole number)

1. Cleary Gottlieb Steen & Hamilton LLP -- Cleary Gottlieb Steen & Hamilton (A Partnership) Tax Opportunity Plan for Savings (Plan A - Safe Harbor) -- 93

2. Cravath, Swaine & Moore LLP -- Retirement Plan of Cravath, Swaine & Moore LLP -- 90

3. Stoock & Stroock & Lavan LLP -- Stoock & Stroock & Lavan LLP Retirement Plan and Trust for Partners -- 89

4. Bradley Arant Boult Cummings LLP -- Bradley Arant Boult Cummings LLP Profit Sharing Retirement Plan -- 88

5. Stoel Rives LLP -- Stoel Rives Retirement Plan -- 88

6. Fish & Richardson, PC -- Fish & Richardson Profit Sharing 401k Plan -- 88

7. Barnes & Thornburg LLP -- Barnes & Thornburg LLP Profit Sharing Plan and Trust -- 87

8. Briggs and Morgan, Professional Association -- Briggs and Morgan, Professional Association Profit Sharing Plan -- 87

9. Saul Ewing LLP -- The Saul Ewing Retirement Plan -- 87

10. Gibson, Dunn & Crutcher, LLP -- Gibson, Dunn & Crutcher, LLP Retirement Plan -- 87

11. Covington & Burling LLP -- Covington & Burling Retirement Savings Plan -- 87

12. Reed Smith LLP -- Reed Smith LLP Deferred Profit Sharing Plan -- 87

13. Arnold & Porter LLP -- Arnold & Porter LLP Profit-Sharing and 401k Plan and Trust -- 87

14. Jenner & Block -- Jenner & Block Profit Sharing Plan - #201 -- 87

15. Irell & Manella LLP -- Irell & Manella Profit Sharing Plan -- 87

16. Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P. -- Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P. Profit Sharing Plan -- 87

17. Orrick, Herrington & Sutcliffe LLP -- Orrick, Herrington & Sutcliffe LLP Retirement Plan -- 86

18. Locke, Lord, Bissell & Liddell LLP -- Locke, Lord, Bissell & Liddell Retirement Savings Plan -- 86

19. Davis Wright Tremaine, LLP -- Davis Wright Tremaine LLP 401k Profit Sharing Plan and Trust -- 86

20. Pillsbury Winthrop Shaw Pittman LLP -- Pillsbury Winthrop Shaw Pittman LLP Retirement Savings Plan No. 1 -- 86

21. Miller, Canfield, Paddock and Stone, P.L.C. -- Miller, Canfield, Paddock and Stone, P.L.C. Capital Accumulation Plan -- 86

22. Blank Rome LLP -- Blank Rome LLP Profit Sharing Plan -- 86

23. Morrison & Foerster LLP -- Morrison & Foerster LLP Retirement Plan -- 86

24. Venable LLP -- Venable LLP Retirement Plan -- 86

25. King & Spalding LLP -- King & Spalding LLP Profit Sharing - 401k Plan -- 86

The BrightScope Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. Analyzing more than 200 individual data points, the BrightScope Rating algorithm calculates a single numerical score for each 401k plan in the country. The data points examined cover broad categories such as total plan cost, company generosity and investment menu quality.

BrightScope has rated more than 55,000 401k plans, spanning more than 30 million workers and over $2 trillion in assets. Industry adoption of the BrightScope Rating will lead to more cost-effective plans, increased participation rates, higher employee satisfaction and better outcomes for the 60 million employees who depend on their 401k plan for retirement. 

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About BrightScope
BrightScope is committed to helping America's workforce retire in dignity. BrightScope is an independent data analytics firm that quantitatively rates 401k plans and gives employers, employees, and advisors tools to enhance plan performance and maximize retirement outlook. The BrightScope Rating™ developed in partnership with leading independent 401k fiduciaries, reviews more than 200 unique data inputs per plan and calculates a single numerical score which defines 401k plan quality at the company level. BrightScope-published ratings, rating definitions, criteria and methodologies are available on the company's public site,

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    Atomic PR for BrightScope
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