For many of New York’s elite firms, 2020 brought about record financial fortunes amid a pandemic and economic recession, early Am Law 100 data shows, leading to the highest-ever posted partner profits and creating further pay stratification within the Am Law 200.

The profit boost for some of these New York firms, as well as high demand in deal work, have created business opportunities in the last year that could serve to further that divide. Several firms engaged in some of their most expansive lateral hiring, while some also used the period to move further away from the strict lockstep partner pay model.

This content has been archived.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 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]