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Early financial data has begun to pour in on how the Am Law 100 and Second Hundred firms fared in 2017. As banking consultants predict 2017 will prove to be a stronger year for law firms than 2016, we take a look to see how that plays out for individual firms in a market consultants also say is increasingly volatile. This page will be updated with new articles as they come in.

Fox Rothschild Grows Revenue 8 Percent, PPP Up 1.7 Percent

APRIL 20, 2018

Managing partner Mark Morris said the firm had a strong 2017.

Smith Gambrell Increased Revenue in 2017 as It Expanded in Europe and U.S.

APRIL 05, 2018

The firm reported solid gains in revenue, but the investments in European locations and U.S. expansion kept profit flat.

Arnall Golden Continues Growth in 2017 With Increase in Revenue and Profit

APRIL 04, 2018

The firm has improved its financial results for each of the past five years.

Net Income Jumps 9 Percent at Strasburger & Price in 2017

APRIL 03, 2018

Strasburger & Price managing partner Dan Butcher said the firm’s financials were affected somewhat by Hurricane Harvey.

Saul Ewing Increases 2017 Revenue 43 Percent After Big Merger

APRIL 03, 2018

Managing partner Barry Levin said the year was a “roaring success,” despite the “dilutive effect” of the merger on revenue per lawyer and profits per partner.

Cyber Attack Doesn’t Stop DLA Piper From Big Gains in Revenue, Profit

APRIL 03, 2018

DLA Piper grew revenue and profits in 2017 as the firms international arms performed strongly and it rebuilt from the cyber attack that downed its systems last summer.

Mintz Levin Sees Another Record Year in Revenue, Profits

MARCH 30, 2018

Managing partner Robert Bodian said the firm’s system for sharing origination credit among partners has helped spur its success.

Ogletree Keeps Up Momentum With Revenue, Profit Gains

MARCH 30, 2018

Ogletree reported an almost 10 percent revenue increase while opening three new offices in the U.S. and Europe last year.

Willkie Farr Grows Partner Bench After Record 2017

MARCH 29, 2018

Willkie boasted its best-ever performance across all key financial metrics in 2017.

Nelson Mullins Tops Big Prior Year, Breaks $1M in PPP

MARCH 20, 2018

The South Carolina-based firm kept on a growth trajectory during its first year among the Am Law 100.

Kilpatrick Pushes Past $1M in Profit Per Partner

MARCH 19, 2018

The firm expanded its Texas territory with a new office in Houston last year after launching one in Dallas in 2015.

Record Profits, Revenue for Schulte Roth in 2017

MARCH 15, 2018

The firm built on steady years in 2015 and 2016, increasing its revenues and profits to their highest-ever levels in 2017.

Smaller Wilmer Partnership Enjoys Record Profits

MARCH 15, 2018

Average partner profits reached more than $2.1 million last year at Wilmer Cutler Pickering Hale and Dorr.

Blank Rome Revenue Up 2.1 Percent as Profits Stay Flat

MARCH 14, 2018

The firm budgeted for an integration year in 2017, chairman Alan Hoffman said.

Drinker Biddle Revenue Up 6.3 Percent, PPP Grows 8.9 Percent

MARCH 13, 2018

“This has been quite a three-year run,” firm chairman Andrew Kassner said.

Fried Frank’s Gross Revenue Hits Record High

MARCH 12, 2018

The New York-based Am Law 100 firm saw a third straight year of financial growth in 2017.

Orrick Posts Double-Digit Growth in Income, Partner Profits

MARCH 12, 2018

The Am Law 100 firm also saw gross revenue rise 4.9 percent in 2017, to $974.6 million.

Shook Hardy Grows Revenue, Profits

MARCH 12, 2018

Madeleine McDonough, who has been chairwoman of the firm for about a year, said Shook Hardy has implemented a new strategy, which is working.

Winston & Strawn’s Record Year Sees Revenue Rise 19 Percent

MARCH 12, 2018

Thomas Fitzgerald, chairman of Winston & Strawn and head of the firm’s executive committee, predicted late last year that 2017 would be the “best year the firm has ever had.” He was right.

Alston & Bird Racks Up Big Gains in Revenue, Profit

MARCH 12, 2018

The firm also opened a San Francisco office with big lateral hires from Reed Smith and MoFo.

Barnes & Thornburg Budgeting Push Pays Off in Record Revenue

MARCH 09, 2018

Gross revenue jumped 7 percent last year at Barnes & Thornburg, where a push to use budgets and legal project management has grown to encompass 20 percent of the firm’s work.

Kramer Levin Financials Again Hit Record High

MARCH 09, 2018

The firm’s 2017 profits per partner topped $2 million for the first time.

Bracewell’s Financials Edged Higher in 2017

MARCH 09, 2018

Bracewell added two new practice areas in 2017 as part of 11 lateral partner hires.

Duane Morris Revenue, Profits Inch Up for Record Year

MARCH 08, 2018

The firm saw modest growth in key financial metrics last year.

Polsinelli Posts Positive Financials and an Increased Head Count

MARCH 08, 2018

The growing firm saw some of its lateral hiring pay off in 2017, when it posted positive financial metrics across the board.

Revenue, Income Improve at Haynes and Boone in 2017

MARCH 07, 2018

The firm’s gross revenue set a record that was just shy of $400 million.

Fenwick & West Bounces Back With Record-High Revenue

MARCH 06, 2018

The Am Law 100 firm shrugged off a sluggish 2016 by posting financial gains in several key metrics last year.

King & Spalding Stays in Growth Mode as Partner Profits Top $2.5M

MARCH 06, 2018

The firm surpassed the $2.5 million mark in profit per equity partner and racked up a string of notable recruits last year.

Covington Posts Double-Digit Growth in Revenue, Head Count

MARCH 06, 2018

The firm boosted its revenue by more than $100 million, added more than 100 lawyers and grew partner profits last year.

Akerman’s 7-Year Growth Record Stays Alive as Revenue Rises 10 Percent

MARCH 06, 2018

The Am Law 100 firm, which has been busy expanding outside the Sunshine State in recent years, saw its gross revenue surge 10.4 percent in 2017.

Revenue Up, Partner Profits Flat at Perkins Coie

MARCH 05, 2018

Despite the winding down of a big litigation matter and a lack of contingency wins, Perkins Coie posted its highest revenue ever in 2017, a modest tick up over 2016.

Bryan Cave Finances Dip Ahead of Trans-Atlantic Deal

MARCH 05, 2018

The St. Louis-based Am Law 100 firm, poised to join the ranks of the global legal giants on March 31 following the completion of a merger with the U.K.’s Berwin Leighton Paisner, saw gross revenue fall in 2017.

Revenue Inches Up at O’Melveny as Partner Profits Top $2M

MARCH 02, 2018

The firm kept on a growth trajectory in 2017, though its revenue engine cooled from the prior two years.

Gross Revenue, Profits Per Partner Hit New Highs at Paul Hastings

MARCH 02, 2018

The firm’s top line grew for the sixth consecutive year, to $1.12 billion, while profits per partner jumped nearly 12 percent to $2.9 million.

Baker Botts Posts Big Drop in Revenue and Income in 2017 Following Year of Big Contingency Fees

MARCH 02, 2018

The firm’s revenue dropped 13.5 percent and its net income fell 24.3 percent in 2017. But its 2016 results were unusually high, boosted by big contingency fees.

Jenner Revenue Slips, Profits Fall Amid Investments in Talent

MARCH 02, 2018

Revenue dipped about 2 percent at the litigation powerhouse last year, while profits per partner tumbled nearly 20 percent.

Shearman Sees Profits Rise as Revenue Stays Steady

MARCH 01, 2018

Shearman & Sterling boosted partner profits by 7 percent while barely eking out revenue gains last year.

Arnold & Porter Sees Progress on Revenue, Profits After Kaye Scholer Deal

MARCH 01, 2018

Arnold & Porter Kaye Scholer moved the needle on key financial metrics in its first post-merger year, but the firm said it has its eye on long-term growth.

Cozen O’Connor Grows Revenue, Profits Amid Extended Hiring Spree

MARCH 01, 2018

The firm said it beat its profitability expectations in a year of nonstop lateral additions.

Steady Growth Continues at Holland & Knight

MARCH 01, 2018

Thanks to strong performances by its financial services, corporate and litigation practices, gross revenue at Holland & Knight grew 5.6 percent in 2017, to $848 million.

Reed Smith Grows Revenue, Profits as Head Count Stays Flat

FEBRUARY 28, 2018

Revenue at the Pittsburgh-based international firm grew 4.1 percent last year, and profits per partner were up 6 percent.

Despite Dip in Head Count, Cahill Posts Profit Highs

FEBRUARY 27, 2018

Cahill Gordon & Reindel, which saw a rare prominent partner departure in 2017, rode a robust capital market to a second straight year of financial growth.

Venable Keeps Up Steady Growth as Revenue, Profits Rise

FEBRUARY 27, 2018

The firm cracked half-a-billion dollars in gross revenues amid a leadership change last year.

Debevoise Hits Record High Revenue, Profits Per Partner

FEBRUARY 26, 2018

Thanks to increased client demand, Debevoise & Plimpton saw gross revenue soar to $822 million and profits per partner jump to nearly $2.9 million, all-time highs for the firm.

Dechert Sees Revenue and Partner Profits Climb

FEBRUARY 26, 2018

The firm reaped benefits from especially strong performance in overseas litigation and its Asian corporate practice.

Partner Profits Surge 18 Percent at Weil, Gotshal & Manges

FEBRUARY 26, 2018

Gross revenue grew nearly 10 percent, reaching $1.39 billion amid a record year for the firm.

Greenberg Traurig Turns Up the Heat on Growth Plan

FEBRUARY 25, 2018

In its 50th year in business, the Miami-based legal giant saw its gross revenue climb to $1.477 billion.

Vinson & Elkins Posts Second Consecutive Record Year in 2017

FEBRUARY 23, 2018

Gross revenue was up by 11.3 percent and net income increased by 13.5 percent compared with 2016.

Nixon Peabody Sees Partner Profits Surge

FEBRUARY 22, 2018

With a continued focus on delivering better value to clients, Nixon Peabody saw gains in gross revenue and profits per partner in 2017.

Sheppard Mullin Posts 27th Straight Year of Revenue Growth

FEBRUARY 22, 2018

The Los Angeles-based Am Law 100 firm saw gains in several key metrics in 2017.

Latham & Watkins Makes History with $3 Billion in Revenue

FEBRUARY 22, 2018

The firm became the first to exceed $3 billion in annual revenue last year, setting up a new challenge for anyone looking to take its place atop the Am Law 100.

Ballard Spahr Revenue Up 3.4 Percent, PPP Up 5.6 Percent

FEBRUARY 20, 2018

In a year when it announced two significant mergers, Ballard Spahr was more profitable than expected.

Revenue Gains Propel Mayer Brown Past Pre-Recession Record

FEBRUARY 21, 2018

With a 4.2 percent jump in revenue in 2017, Mayer Brown became the latest law firm of its size to catch up to its own performance before the 2008 financial crisis.

Arent Fox Again Posts Gains in Revenue, Profits

FEBRUARY 20, 2018

The firm has seen revenue and profits grow each year since the Great Recession.

Milbank Posts 5th Straight Year of Financial Growth

FEBRUARY 16, 2018

Milbank had another year of financial growth, posting revenues north of $915 million and profits of nearly $3.5 million per partner.

Locke Lord Posts Declines in Net Income, Gross Revenue in 2017

FEBRUARY 16, 2018

Gross revenue declined by 9.8 percent for Locke Lord in 2017 and net income dropped by 6.2 percent compared with 2016.

Pepper Hamilton Revenue Down 1.7 Percent, PPP Up 14.3 Percent

FEBRUARY 16, 2018

The firm saw per-lawyer gains as head count shrank, in a year when it restructured a major practice group.

Paul Weiss Posts Gains in Revenue, Profits as Lawyer Head Count Hits 1K

FEBRUARY 16, 2018

“We are clicking on all cylinders. So one of my major initiatives is not to screw up any of this,” said chairman Brad Karp.

Wilson Sonsini’s Financial Growth Picked Up in 2017

FEBRUARY 15, 2018

The Silicon Valley stalwart, which named a new chair last year, also saw increases in several key financial metrics.

Jackson Walker Sees 10 Percent Drop in 2017 Net Income; Slight Increase in Gross Revenue

FEBRUARY 15, 2018

Revenue per lawyer and profits per partner also declined year-over-year. But in 2016, the firm posted extraordinary financial results.

MoFo Delivers Record Year for Revenue, Partner Profits

FEBRUARY 14, 2018

The Bay Area-based Am Law 100 firm saw big gains across the board in 2017.

Gibson Dunn Posts Record Revenue and Income, Slight Drop in Partner Profits

FEBRUARY 14, 2018

With gross revenue of more than $1.64 billion and net income above $1 billion, Gibson Dunn continued a two-decade long streak of increases in key financial metrics.

Profits Soar at Cadwalader as Revenue and Head Count Decline

FEBRUARY 13, 2018

At Cadwalader, which welcomed back two key partners this month, a smaller partnership saw profits climb almost 19 percent in 2017.

Lowenstein’s Gross Revenue Up 5.5 Percent; PPP Jumps 12.9 Percent

FEBRUARY 13, 2018

Following incremental growth in fiscal year 2016, Lowenstein Sandler saw marked increases in its financial metrics last year, and did so without lawyer population growth.

A Good Year at Goodwin Procter as Firm Passes $1B Revenue Mark

FEBRUARY 13, 2018

The Am Law 100 firm enjoyed a lucrative 2017, experiencing financial growth in several key metrics.

White & Case Reaps Benefits From Record High Revenue

FEBRUARY 12, 2018

In the middle of a five-year strategic plan, the global firm saw growth across the board, as gross revenue and partner profits saw double-digit percentage gains

Crowell & Moring Profits Fall Sharply After Rapid Rise

FEBRUARY 09, 2018

Profits per partner fell 23 percent last year after an uncommonly profitable 2016. The firm says the trend lines are still good.

Sidley Tops $2 Billion as Profits, Revenue Rise Again

FEBRUARY 09, 2018

For the seventh straight year, gross revenue and profits per equity partner have increased at Sidley Austin.

Revenue Rockets Up 49 Percent at Kobre & Kim

FEBRUARY 09, 2018

The firm’s focused business model and its booming Asia practice combined for stellar growth in 2017.

Thompson & Knight Saw Net Income Improve, Gross Revenue Slip in 2017

FEBRUARY 08, 2018

Dallas-based Thompson & Knight cut expenses by $5 million in 2017, which contributed to the firm’s 3.5 percent growth in net income for the year.

Cooley’s Gross Revenue Crosses Billion-Dollar Mark

FEBRUARY 07, 2018

The fast-growing Am Law 100 firm enjoyed a record year in 2017.

Greenspoon Marder Revenues Rise on Deals, Disputes, Pot Policy Moves

FEBRUARY 07, 2018

Greenspoon Marder’s growth was tempered somewhat in 2017, but the firm still increased revenue by double digits.

Akin Gump Boosts Partner Profits as Deals, Lobbying Spur Gains

FEBRUARY 05, 2018

“In every way that you are measuring success in a law firm, we had a very strong year,” said Akin Gump chair Kim Koopersmith.

Eversheds Sutherland Joins $1 Billion Club with Post-Merger Revenues

FEBRUARY 01, 2018

The benchmark results come a year after London-based Eversheds and Atlanta-based Sutherland Asbill & Brennan created new megafirm with about 2,400 lawyers around the world.

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Gina Passarella Cipriani

Gina Passarella is editor-in-chief of The American Lawyer. She has covered the business of law for her entire career, first as a reporter and special projects editor with The Legal Intelligencer in Pennsylvania and then as senior editor for business of law in ALM's global newsroom. She took over as editor-in-chief of The American Lawyer in January 2017.

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