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What the Firms Got to Keep
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Chalking up huge revenue numbers means nothing if huge overhead strips out all the profit |
Ranked by Net Operating Income
| Rank '01 |
Firm |
Net Operating Income |
| 1 |
Arnold & Porter |
$97,000,000 |
| 2 |
Skadden, Arps, Slate, Meagher & Flom |
$72,900,000 |
| 3 |
Hogan & Hartson |
$72,300,000 |
| 4 |
Crowell & Moring |
$72,100,000 |
| 5 |
Covington & Burling |
$69,700,000 |
| 6 |
McDermott, Will & Emery |
$61,000,000 |
| 7 |
Williams & Connolly |
$60,700,000 |
| 8 |
Dickstein Shapiro Morin & Oshinsky |
$59,800,000 |
| 9 |
Wilmer, Cutler & Pickering |
$59,600,000 |
| 10 |
Shaw Pittman |
$56,500,000 |
| 11 |
Morgan, Lewis & Bockius |
$51,400,000 |
| 12 |
Howrey Simon Arnold & White |
$51,000,000 |
| 13 |
Steptoe & Johnson |
$50,500,000 |
| 14 |
Latham & Watkins |
$50,000,000 |
| 15 |
Finnegan, Henderson, Farabow,Garrett & Dunner |
$45,000,000 |
| 16 |
Akin, Gump, Strauss, Hauer & Feld |
$41,000,000 |
| 17 |
Patton Boggs |
$40,000,000 |
| |
Swidler Berlin Shereff Friedman |
$40,000,000 |
| 19 |
Arent Fox Kintner Plotkin & Kahn |
$37,400,000 |
| 20 |
Jones, Day, Reavis & Pogue |
$37,000,000 |
| Notes: Net operating income figures are rounded to the nearest $1,000,000. NOI is defined as total income for equity partners, including capital contributions withheld from distributions. The figures reflect NOI only in offices in the District of Columbia, Northern Virginia, and Maryland's Prince George's and Montgomery counties. |
| (Legal Times, June 2002) |
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