Among Second Hundred firms—those ranked 101 to 200 on The American Lawyer’s list of the nation’s top grossing firms—only a small group scored positive financial results that belie their size. For many of the others in 2013, flat results were the new success story, according to our latest survey. Typically, these firms tend to be elite specialists, smaller firms in major markets or big regional players. Overall, gross revenue was up 2.6 percent, revenue per lawyer climbed by 2.5 percent, and profits per equity partner improved just 0.7 percent. We tell the tales of seven firms among this group that had remarkable years, and offer comprehensive data for each firm in the Am Law 200.
Features & Analysis
Twenty firms in The Am Law 200 performed well last year, while many others just held their own.
Firms of Note
As suits stemming from the financial crisis end, the New York firm’s profits fall.
The D.C. firm reports its weakest net income in more than 15 years.
For the third consecutive year, the D.C. firm reports record revenue.
The Silicon Valley firm advised on 10 IPOs and a series of Cisco acquisitions.
The sale of longtime client Cole was the Atlanta firm’s biggest deal of 2013.
The fast-growing Orlando firm blames rising expenses for flat profits.
A business slump in early 2013 depresses revenue growth at the Houston firm.
Just like The Am Law 100, the Second Hundred has its own set of elite firms
Profits Per Partner
Flat, despite revenue gains.
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