Although Second Hundred firms showed drops in major financial indices in 2008, the declines were not as steep as at Am Law 100 firms. Our special report includes analysis of the results, a look at the changing face of Washington practices, examination of a scandal that shook New Orleans’s Adams and Reese, and findings from our first Women in Law Firms study. Also, we present our charts on the Second Hundred, ranked by major financial metrics.
Revenue Per Lawyer (Full Chart)
Value Per Lawyer (Full Chart)
Profits Per Partner (Full Chart)
Where The Work Was
Hint: It wasn’t in New York–or at Am Law 100 firms. Think middle markets and out-of-favor practice areas.
The Business of Hope
With a new administration in power, Washington, D.C.’s Second Hundred players eagerly eye regulation, contracts, and lobbying work.
The Boy Wonder
In March, Adams and Reese’s former top-billing partner pled guilty to bilking the firm and its gaming clients of more than $20 million.
Stuck in the Middle
Women now make up a healthy proportion of lawyers at large firms.
The Am Law 200 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.