When The American Lawyer first introduced the “super rich” in 2014, the idea was to highlight a club of hyper-performers whose results set them apart from even the other enviably successful law firms in the Am Law 100. We’ve tracked the group ever since, and last year revised our methodology to take into account the outsized profits being generated at the top of the industry.
The revised parameters—at least $500,000 in profits per lawyer and $1.1 million in revenue per lawyer—yielded 29 law firms this year, up from 24 last year. The group includes the usual suspects: counsel to Wall Street banks, private equity firms, hedge funds and multinational corporations. Thirteen of the firms, such as Wachtell, Lipton, Rosen & Katz and Debevoise & Plimpton, are based in New York. An equal number, including Kirkland & Ellis and Latham & Watkins, are national. A few are based in other large cities.
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