Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.
They were casualties of the high cost of doing business: In a year when The Am Law 100 posted tepid year-over-year financial gains, Second Hundred firms bested their bigger rivals in most metrics but still came up short on the bottom line. While the Second Hundred’s revenue per lawyer jumped 5.3 percent and value per lawyer rose 4.7 percent, profits per partner increased just 2.2 percent, a bit less than The Am Law 100′s 3.0 percent. The culprits? Steep expenses and a sharp drop in leverage.
To view this content, please continue to Lexis Advance®.
Not a Lexis Advance® Subscriber? Subscribe Now
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
For questions call 1-877-256-2472 or contact us at firstname.lastname@example.org