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A majority of Am Law 200 firms provide their numbers “officially” — that is, with the acquiescence of the firm’s partnership or management committee. Sometimes that cooperation comes at the outset of the data collection process. Other times it comes after we make dozens of phone calls and obtain the exact numbers or a close approximation. But all data — whether officially from the firm or not — is rigorously investigated by our team of reporters. To put it another way: We don’t take any one person’s word. The result is that every number in our charts is an informed estimate. And because some firms refuse to cooperate with our data collection process at all, we acknowledge upfront that some data comes from trusted but anonymous sources; we deliberately mix informed estimates with rock-solid numbers and do not disclose which are which. Any reporting is fallible, of course. We have made mistakes with our data in the past — usually when a well-meaning partner steers us in the wrong direction — and we have done our best to correct errors. When we learned that we had overestimated or underestimated numbers for any firm last year, we corrected the data and related percentages on this year’s charts. EQUITY AND NONEQUITY PARTNERS For our rankings, equity partners are only those partners who receive a Schedule K-1 and no more than half their compensation on a fixed-income basis. Nonequity partners are those who are not full participants in the firm’s profits, though they may have voting rights in firm matters. While we recognize that many firms have evolved a variety of partnership levels that may not fit these categories precisely, for this survey we must define partners as equity or nonequity in order to portray a firm’s profits with a reasonable degree of verisimilitude. FISCAL YEAR In all cases, the revenue and profits we list are for the firm’s most recently completed fiscal year. Most Am Law 100 firms are on a calendar fiscal year. In most instances, our results are based on the accounting method used by the firm. LOCATION OF FIRMS We identify some firms as “international” or “national,” rather than identifying them by the city of their main office(s) by calculating percentages of the firm’s attorneys that work in various regions of the country and the percent that work outside the United States. Attorney numbers are from the most recent NLJ 250 survey [ The National Law Journal, December 2000]. If 40 percent or more of the firm’s lawyers were located outside the U.S., we identified the firm as international. If no more than 45 percent of the firm’s attorneys were located in any one region of the country, we identified the firm as national. LOCATION OF REGIONS AND MARKETS We used the following classifications for identifying the geographical concentration of a firm’s offices and attorneys: � New England Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont � New York City � Mid-Atlantic Delaware, Maryland, New Jersey, New York State (excluding New York City), Northern Virginia, Pennsylvania � Washington, D.C. � Southeast Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North and South Carolina, Southern Virginia, Tennessee, West Virginia � Midwest Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, North and South Dakota, Ohio, Wisconsin � West Coast/Pacific Rim Alaska, California, Hawaii, Oregon, Washington � West & Southwest Arizona, Arkansas, Colorado, Idaho, Montana, Nebraska, New Mexico, Oklahoma, Texas, Utah, Wyoming PRO BONO WORK We define pro bono work according to ABA guidelines: legal services donated to organizations or individuals who could not otherwise afford them. We do not include nonlegal work for charities, and we do not include work done by lawyers in non-U.S. offices. We also asked firms to exclude paralegal time, bar association activities, community service, and time spent serving on boards or raising funds for charitable institutions. PROFIT CALCULATIONS We count only equity partners in our per-partner categories, except for the “Compensation, All Partners” category. (That one measures compensation for both equity and nonequity partners.) Thus, no profit sharing with nonequity partners may be included in the net operating income figure that we publish. We treat that sort of profit sharing as an expense. We also treat depreciation as an expense. However, we treat capital contributions that are withheld from distributions as income in calculating profits per partner. For firms whose fiscal year ended between Sept. 1, 2000, and Feb. 28, 2001, per-lawyer calculations are based on the number of lawyers at the firm on August 31, 2000. This is intended to exclude first-year associates, who typically start in the fall but take several months to produce revenue. To ensure that profits per partner and leverage data are consistent, partners without equity shares in the firm’s profits (or who do not have more than a partial equity share in the firm’s profits) are not counted as partners in the survey. Similarly, retired partners and of counsel are not counted as partners, nor are payments made to them counted in net operating income. Many firms put their first-year equity partners or lateral equity partners on fixed incomes for a short time. When this is merely a transitional arrangement, and these partners are otherwise treated as equity partners, we treat them as such. REVENUE CALCULATIONS We count fee income, but do not include income from ancillary businesses, equity investments, or client charges for disbursements. TIES Firms that are tied in the rankings are listed in alphabetical order. N/A denotes that a firm was not in The Am Law 200 last year and/or we have no data for comparison’s sake. Asterisks (*) are used to denote firms with more than one partnership tier.

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