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The Am Law 200 reversed course in 2016, posting gains in gross revenue after experiencing a decline in 2015. But that average gain of 1.2 percent, coupled with similar increases in revenue per lawyer and profits per equity partner, masked some weakness in many firms’ results. As our overview story shows, a “hollow middle” is emerging.

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<div> <div> <p>The Am Law 200 reversed course in 2016, posting gains in gross revenue after experiencing a decline in 2015. But that average gain of 1.2 percent, coupled with similar increases in revenue per lawyer and profits per equity partner, masked some weakness in many firms results. As our overview story shows, a "hollow middle" is emerging.</p> <p><span class="txtPreviousAmLaw">Previous Am Law 200 coverage : </span><a href="http://www.americanlawyer.com/id=1202494427064" target="_blank">2016</a><span class="txtPreviousAmLaw"> |</span> <a href="http://www.americanlawyer.com/id=1202758085175">2015</a><span class="txtPreviousAmLaw"><span class="txtPreviousAmLaw"> |</span></span><span class="txtPreviousAmLaw"> <a href="http://www.americanlawyer.com/home/id=1202727012616">2014</a><span class="txtPreviousAmLaw"><span class="txtPreviousAmLaw"> | </span></span> <a href="http://www.americanlawyer.com/id=1202657014303" target="_blank">2013</a> </span><span class="txtPreviousAmLaw"><span class="txtPreviousAmLaw">| </span> <a href="http://www.americanlawyer.com/id=1202602245987">2012</a> | <a href="http://www.americanlawyer.com/id=1202554370092">2011</a> | <a href="http://www.americanlawyer.com/id=1202458243145">2010</a> | <a href="http://www.americanlawyer.com/id=1202430943300">2009</a> | <a href="http://www.americanlawyer.com/id=1202421745747">2008</a></span></p> <div class="pkg-2-col"> <div class="left-col"> <h2 style="color:#FFF;background-color:#b01116;padding:5px"> FEATURES AND ANALYSIS</h2> <div class="articleItem"><strong><a href="/id=1202786569987" target="_blank">Overview: The Hollow Middle</a></strong><br /> <a href="/id=1202786569987"><img alt="" src="http://www.americanlawyer.com/image/EM/TAL08/TAL-Overview-June-2017-Square-201705161942.jpg" style="width: 115px;height: 115px;margin: 4px;float: left" /></a>Clients are willing to pay high rates for high-end work and seek bargain-basement prices for commodity work, but there is less of an appetite for anything in between, our Am Law 200 results show.</div> <div style="clear: both;height:25px">&nbsp;</div> <div class="articleItem"><img alt="" src="http://www.americanlawyer.com/image/EM/TAL08/Kobre-Kim-Article-201705161942.jpg" style="width: 276px;height: 167px" /></div> <div class="articleItem"><strong><a href="/id=1202786569396" target="_blank">From Start-Up to Am Law 200</a></strong> <br /> How Kobre &amp; Kim turned a unique business model into a high-grossing firm.</div> <div class="articleItem">&nbsp;</div> <div class="articleItem"><strong><a href="/id=1202786869847" target="_blank">Behind the Numbers: A Podcast on What the Am Law 200 Results Really Mean</a></strong><br /> ALM Intelligence senior analyst Nicholas Bruch breaks down the Am Law 200 results.</div> <div class="articleItem">&nbsp;</div> <div class="articleItem"><strong><a href="/id=1202786569793" target="_blank">A Note From the Editor</a></strong> <br /> Dictate change so change doesnt dictate you.</div> <div class="articleItem">&nbsp;</div> <div class="articleItem"><strong><a href="/id=1202786570167" target="_blank">The Methodology</a></strong> <br /> How we report law firm financials.</div> <div class="articleItem">&nbsp;</div> <div class="articleItem">&nbsp;</div> </div> <div class="right-col"> <h2 style="color:#FFF;background-color:#b01116;padding:5px">THE CHARTS</h2> <div class="articleItem"><strong><a href="/id=1202786608727" target="_blank">The Am Law Second Hundred: Firms Ranked by Gross Revenue</a></strong><br /> The Second Hundred rebounded from 2015, growing revenue 1.2 percent in 2016. Seven firms saw double-digit increases in gross revenue, while another seven saw double-digit declines.</div> <div class="articleItem">&nbsp;</div> <div class="articleItem"><strong><a href="/id=1202786609310" target="_blank">Revenue Per Lawyer</a></strong> </div> <div class="articleItem">The all-important RPL metric grew 1.5 percent in 2016 for the Second Hundred firms, which equaled the Am Law 100s performance. This chart ranks all 200 firms by RPL.</div> <div class="articleItem">&nbsp;</div> <strong><a href="/id=1202786851523" target="_blank">By the Numbers</a></strong><br /> Our analysis of the Am Law 200 results, broken out into some fascinating data points. <div class="articleItem">&nbsp;</div> <strong><a href="/id=1202786609593" target="_blank">Profits Per Equity Partner</a></strong><br /> The Second Hundred grew PPP 1.6 percent in 2016, an improvement from essentially no growth the year before. But the group was bested by The Am Law 100, which grew the metric 3 percent. Here is a ranking of all 200 firms by PPP. <div class="articleItem">&nbsp;</div> <div class="articleItem"><strong>SEE ALSO:</strong></div> <div class="articleItem"><strong><a href="http://www.americanlawyer.com/id=1202784597030" target="_blank">The 2017 Am Law 100</a></strong></div> <div class="articleItem">The Am Law 100 posted solid gains in gross revenue and profits in 2016, but the revenue per lawyer dropped on stronger growth in head count.</div> <div class="articleItem">&nbsp;</div> <div class="articleItem">&nbsp;</div> </div> </div> <p>&nbsp;</p> </div> </div> <


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