New York-based firms in the bottom half of the Am Law 200, a group that includes several midsize to large firms, saw a wide disparity in performance in 2017, from double-digit increases in profits to deep dives in revenue.
That’s consistent with the broader trends of the latest Am Law 200 rankings, released Tuesday, in which 22 Second Hundred firms had revenue growth of 5 percent or more, but 32 firms saw revenue shrink. For those law firms especially, it was a very different year than for many firms clustered at the top of the Am Law 100 that saw impressive gains last year, including several Wall Street firms.
