Law firms in the United States aren’t traded publicly yet, and they likely never will be. For the foreseeable future, most lawyers will have to make their money the old-fashioned way: off their clients and the sweat of their juniors. But applying stock-picking analysis to the universe of top-grossing firms turns out to be an instructive guide to their performance — and an aerobic event for the old guard.
Law firms, like their clients, divide into performance categories. To sort the high fliers from the merely prosperous, the juggernauts from the lightweights, we charted the performance of The Am Law 200 since 2002. The results can be found below. Together these charts offer an illuminating look at the performance of Am Law 200 firms. Or they’re the first iteration of what we might call the Rotisserie Law Firm League (trademark pending).
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