Even as the economy shrank, Washington’s top-grossing law firms managed to make more money in 2008 than they did the year before. But the numbers aren’t great, and even managing partners who say they’re happy with their 2008 revenue say 2009 numbers will not be as pretty.
This year’s D.C. 25, our annual ranking of the top moneymakers among Washington law offices, shows that firms with a strong presence in the capital fared better than Am Law 100 firms as a whole. Profits were flat in Washington, compared to a 4.3% decline among firms on the Am Law 100, a list of the nation’s highest-grossing firms, and revenue per lawyer was up 2.6% in Washington, while dropping 1.2% nationwide.
