Five large Texas firms are among the nation’s highest-grossing firms and once again ranked on the recently published annual Am Law 100 list.
Four of the five Texas firms ended up with a rank in 2017 that came close to their spot on the Am Law 100 from last year, which looked at 2015 financials. However, Baker Botts, which posted robust 2016 financials due to some big contingency fees and strategic investments, made a significant move upward. The Houston–based firm came in 39th on the list, up from 46th the year before. The firm’s revenue improved by 20.2 percent in 2016 compared with 2015, and profits per partner were up 36.6 percent.
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