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THE AM LAW 100: TOP 10
2003 Rank 2002 Rank Firm City Gross Revenue Number of Lawyers
1 1 Skadden, Arps, Slate, Meagher & Flom New York $1,330,000,000 1,650
2 2 Baker & McKenzie International $1,134,000,000 3,053
3 3 Jones Day National $1,035,000,000 1,970
4 4 Latham & Watkins National $1,033,000,000 1,513
5 5 Sidley Austin Brown & Wood National $926,000,000 1,421
6 6 Mayer, Brown, Rowe & Maw National $813,000,000 1,249
7 9 White & Case International $811,000,000 1,552
8 8 Weil, Gotshal & Manges New York $801,000,000 1,015
9 7 Shearman & Sterling New York $730,500,000 988
10 12 Kirkland & Ellis Chicago $725,000,000 854
Definitions: Figures for gross revenue and net operating income are rounded to the nearest $500,000. Figures for revenue per lawyer, profits per equity partner, and partner compensation are rounded to the nearest $5,000. Firms that tied in the rankings are listed alphabetically. In most instances, our results are based on the accounting method used by the firm; if a firm offered us both cash- and accrual-method figures, we chose the former. Revenue figures include paralegal billings but not revenue from ancillary businesses, equity investments, or charges for disbursements. Revenue per lawyer is gross revenue divided by the number of lawyers; profits per equity partner is net operating income�minus aggregate compensation for all nonequity partners, if any�divided by the number of equity partners. Average partner compensation is the net operating income plus the aggregate salary of all nonequity partners divided by the number of equity and nonequity partners. Profitability index is the ratio of profits per partner to revenue per lawyer. Firm size: For firms whose fiscal year ended between September 1, 2003, and February 29, 2004, the numbers of lawyers and partners are stated as of August 31, 2003. For firms whose fiscal year ended between March 1 and August 31, 2003, numbers are stated as of the end of the fiscal year. We asked for full-time equivalent lawyer numbers, which were rounded to the nearest whole number. Only full equity partners are counted as partners.
(The American Lawyer, July 2004)

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