Yes, but their decision to defend themselves in court or settle will essentially come down to a cost-benefit analysis. The fact that they use top lawyers means that the cost side of that analysis might make them lean towards settleing.
Also, a top tier lawyer/firm has no interest in taking on a loosing case (assuming your case is a strong one), since his status as a top tier lawyer largely depends on his win percentage. Meaning the lawyers themselves may push for a settlement. If they are so good that the company does not want to jeopardize their relations with the firm, then the company may be willing to listen to their advice to settle.