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THE D.C. 20 � 2006 ♦ • Editor’s Note by James OliphantRetooling, Reviving, Thriving How the D.C. 20′s “Big Four” law firms � Hogan & Hartson, WilmerHale, Arnold & Porter, andCovington & Burling � have met the challenges of a continually evolving Washington market. by Anna Palmer and Emma SchwartzPPP Can Be a Misleading Indicator Though profits per partner (PPP) is often viewed as the key barometer of a law firm’s success, taken alone it can give a misleading reading of partner pay and a firm’s true financial condition. by Jason McLure
THE CHARTS ♦ • Ranked by D.C. Revenue • Ranked by Profits Per Partner • Ranked by Revenue Per Lawyer • Ranked by Partner Pay Disparity
THE D.C. 20 PROFILES ♦ How the D.C. 20 made their hay. Individual profiles of the firms on the list. By the Legal Times staff 1. Hogan & Hartson 2. WilmerHale 3. Arnold & Porter 4. Covington & Burling 5. Skadden, Arps, Meagher & Flom 6. Dickstein Shapiro Morin & Oshinsky 7. Steptoe & Johnson 8. Pillsbury Winthrop Shaw Pittman 9. Latham & Watkins 10. Finnegan, Henderson, Farabow, Garrett & Dunner 11. Williams & Connolly 12. Howrey 12. Akin Gump Strauss Hauer & Feld 14. Sidley Austin 15. McDermott, Will & Emery 16. Morgan, Lewis & Bockius 17. Crowell & Moring 18. Patton Boggs 19. Wiley Rein & Fielding 20. Venable
MORE FEATURES ♦ • Liabilities for Lateral Movers The traditional career path � law student joins firm out of law school, becomes partner, and retires there 40 years later � has become an anachronism. So what’s the downside to leaving a law firm? by William SchumanCreative Options in Billing Despite what appears to be a fairly complicated process, both clients and lawyers are becoming more accepting of alternative billing arrangements. Clients generally view alternative billing practices as a way to predict and control costs while giving lawyers incentives to take more risks, as well. by Harlan Loeb

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