Paul, Weiss, Rifkind, Wharton & Garrison’s securities litigation practice is big, powerful and swaggering. It’s also seemingly ubiquitous, popping up in some of the most high profile, high-stakes securities litigations in recent history.

Indeed, its representation of mega financial institutions caught in the maelstrom of the economic meltdown is quite exceptional. What also sets it apart is its willingness to go to trial at the 11th hour—which it deploys as leverage in negotiating settlements. We picked Paul Weiss as securities litigation department of the year because no other firm matched the number and magnitude of headline-making securities litigation during our competition time frame (August 1, 2011, to July 31, 2013).