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Credit: Hanna Barczyk

In many respects, 2017 could be considered the Am Law 100’s best year since the 2009 recession. Revenue grew at its fastest rate since the big dipper, up 5.5 percent to a record $91.4 billion. Net income—the pool of money firms pay out to their ever-shrinking equity partnership—did even better than the top line, increasing 6.1 percent. That was the second-largest increase since the recession, falling short of only the 7.4 percent increase in net income in 2014.


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Revenue per lawyer rose 3.2 percent from last year to $936,655. That came after a year in which RPL, often considered the best barometer of law firm financial health, grew 1.5 percent, causing concern last year that a slowdown was in the offing. Quite the contrary. The Am Law 100 turned in the second-best RPL growth since 2010, behind only the 2014 performance of 3.7 percent growth.

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Roy Strom

Based in Chicago, Roy Strom has been reporting on the legal world since 2011. He covers law firms with a focus on how the Big Law business model is changing. He writes a weekly column for Law.com called "The Law Firm Disrupted," covering changes in the legal services market. He can be reached at rstrom@alm.com. On Twitter: @RoyWStrom

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