Credit: Adrià Voltà The Am Law 200 Excelled, but Their Future Hinges on How They Use Profits
The Second Hundred's best year in recent history was a spike, not the new normal. For managing partners, piling profits back into the firm is easier said than done.
May 24, 2022 at 10:02 AM
9 minute read
Law Firm Profitability
The original version of this story was published on The American Lawyer
For the Am Law 200, 2021 was an anomaly. In a short-term sense, broad-based demand increases drove the best year in revenue and profits since the financial crisis. Gross revenue rose 9.1% as the group's total head count grew by 1.3%. Revenue per lawyer was up 7.7%, and profits per equity partner climbed 11.8%.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 5'You Are Not Alone': 120 Sex Assault Victims Plan to Sue Sean 'Diddy' Combs
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
