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The combination of the coronavirus crisis and the recent explosion of attention on the country’s legacy of racial inequality only serves to highlight the importance of balancing financial concerns with social considerations when running a law firm.

That’s the message from several managing partners who saw their firms move up on The American Lawyer’s A-List for 2020. While the ranking considers revenue, it also accounts for cultural markers like pro bono work, associate satisfaction, racial diversity and gender diversity among the equity partnership.

“There’s never been a more important time for us to be focused on a number of these areas,” said Arnold & Porter Kaye Scholer Chairman Richard Alexander. “We can’t separate the pandemic from the reckoning in the country and the world with respect to social and racial justice.”

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Dan Packel

Dan Packel covers change and innovation in the legal services market, and writes a weekly briefing for Law.com, "The Law Firm Disrupted," on these subjects. He is based in Philadelphia. Contact him at [email protected] On Twitter at @packeld

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