Last year was the worst for The Am Law 100 since the early 1990s. Our special report includes analysis of the results, a more detailed consideration of the list’s two newcomers, and a first look at Citibank’s bleak outlook for the legal industry in 2009. Also, we present our charts on the nation’s 100 highest-grossing firms, ranked by major financial metrics.



THE CHARTS

Gross Revenue

Revenue Per Lawyer

Profits Per Partner (Top Ten)

Compensation – All Partners (Top Ten)

Value Per Lawyer (Top Ten)

WEB EXTRA: Percentage Change Year-Over-Year (A to Z)

The Firms A to Z: Five Firms Move Up

The Profitability Index

Profits Per Partner (Full Chart)

Compensation – All Partners (Full Chart)


Value Per Lawyer (Full Chart)


THE STORIES

Lessons of The Am Law 100
Last year was The Am Law 100′s worst in 17 years–and the falloff in premium work is only partly to blame.

Don’t Bet Against the House
Boies, Schiller & Flexner, one of two newcomers to our ranking, may be the right firm for these troubled times.

Priced to Sell
Husch Blackwell insists that its work is on par with the best its coastal peers can offer, but at a fraction of the cost.

Losing Their Balance
A look at how New York’s most successful firms performed in 2008.

Recession and Repair
Citi Private Bank’s early financial data suggests a grim 2009.


By The Numbers:

RPL Gainers/Decliners

Texas’s Energy Boost

Cahill’s Long Goodbye

Gambling on Laterals

Disaster Plan



OUR METHODOLOGY

The Am Law 100 is reported by staff members at Incisive Media’s publications throughout the United States, including The American Lawyer, The Connecticut Law Tribune, Daily Business Review (Miami), Fulton County Daily Report (Atlanta), The Legal Intelligencer (Philadelphia), Legal Times (Washington, D.C.), The New Jersey Law Journal, New York Law Journal, The Recorder (San Francisco), and Texas Lawyer.

Most law firms provide their financials voluntarily for this report. Some choose not to cooperate, so we call partners and calculate revenue and profits. All data is investigated by our reporters. In the event that an error in reporting is discovered, we will correct the numbers and base the percentage changes in future years on restated numbers.

For the complete methodology, click here.