For law firms, just like the rest of America, there’s no better path to amassing wealth than to already have a healthy share.
Of the 20 firms that comprised The American Lawyer’s first Super Rich class in 2014, all but two have carried their status forward through the years to maintain a spot on our 2019 list, which has since expanded to include 31 firms. Together, they represent the richest of the rich. The way we define this elite group has changed over the years (firms must now post revenue per lawyer of at least $1.1 million and profits per lawyer of at least $500,000), but its founding members have largely held their places. Gretta Rusanow, head of advisory services for Citi Private Bank’s Law Firm Group, says it’s a sign of the “stickiness” the wealthiest firms experience at the top end of the law firm class structure, even in a year when nearly everyone took a step forward.
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