All the key financial metrics for The Am Law 100 rose by single digits last year: gross revenue, revenue per lawyer, and profits per partner. Eighty-three firms posted revenue gains—25 more than in the previous year. And the terrifying days of mass layoffs seemed to be over: Firms reversed course and added to their head count. Even equity partners, who sometimes seem like an endangered species, grew their ranks on average after two years of flat or negative growth. But as a rule, income inequality continued to plague the rankings. Both The Am Law 50 and The Am Law 51–100 reported 6 percent increases in gross, to totals of $50.9 billion and $20.1 billion, respectively. But the Fabulous 50 kept more of that money for their partners. This group posted average profits per partner of $1.6 million last year—a 4.8 percent jump—versus The Am Law 51–100′s 1.4 percent PPP rise, to $1.1 million.
Previous Am Law 100 coverage :: 2011 | 2010 | 2009 | 2008 | 2007
This year Baker & McKenzie tops our chart and DLA Piper, another verein, comes in second, knocking Skadden, Arps, Slate, Meagher & Flom out of that position.
Gross Revenue By Location
Growth in revenue per lawyer—the most reliable indicator of a firm’s overall financial health—slowed to 1.9 percent in 2011.
Revenue Per Lawyer By Location
Two firms have profits per partner that exceed $4 million in 2011: perennial leader Wachtell, Lipton, Rosen & Katz and Quinn Emanuel Urquhart & Sullivan.
Profits Per Partner By Location
Nearly three-quarters of Am Law 100 firms posted increases in Compensation–All Partners in 2011.
Compensation – All Partners By Location
Wachtell, Lipton, Rosen & Katz has topped our Value Per Lawyer rankings since the metric’s inception eight years ago.
Value Per Lawyer By Location