X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
New York Market Update Design: Roberto Jimenez. Photo: Shutterstock

Even before the coronavirus wreaked havoc on the economy, many New York firms were struggling in 2019 to match their performance from prior years.

What data are you using to stand out in a crowded market? Get the interactive Am Law 200 Data exclusively with Legal Compass.

Average revenue growth for 19 elite New York firms in the Am Law 100 was 3.4% last year, according to The American Lawyer’s data, down from 7% growth in a similar study the year before. In profits per equity partner, the average growth for these 19 firms was 3.7% in 2019, compared with 8.6% the prior year. Average revenue and profit growth for the Am Law 200 were 5% last year.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Christine Simmons

Christine Simmons writes about the New York legal community and the business of law. Email her at [email protected] and find her on Twitter @chlsimmons

More from this author

 

You Can't Manage It If You Don't Measure It

How are you illustrating differentiation to clients and potential lateral targets? How are you measuring performance against peers? Use Legal Compass to benchmark a firm against its competitors, unearthing unique insights about performance, partner retention, market penetration and more. Click to log in, or begin your free trial.

Get More Information
 

WIPL.UK Awards 2021Event

The WIPL.UK Awards honors the industry standouts and rising stars who are making a mark within the profession.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.