For the first Time since 1994, Baker & McKenzie surpassed Skadden, Arps, Slate, Meagher & Flom for the number one position on our gross revenue chart. As was the case last year, Baker and Skadden are the only two firms to gross more than $2 billion.

Eleven other firms had gross revenue exceeding $1 billion. Among them is K&L Gates which moved into this group for the first time. The year’s biggest increase in gross revenue–22.6 percent—was posted by Cozen O’ Connor. The biggest decline was Howrey’s 16.2 percent drop, although that firm’s 2008 gross revenue had included a contingency award.