In a year when The Am Law 100 posted tepid year-over-year financial gains, Second Hundred firms bested their bigger rivals on most counts but still fell short on the bottom line. The Second Hundred’s revenue per lawyer rose 5.3 percent and value per lawyer rose 4.7 percent, but profits per partner rose just 2.2 percent, less than The Am Law 100′s 3 percent. The Second Hundred’s total gross revenue in 2011 was $17.93 billion, a 2.7 percent gain outpaced by The Am Law 100′s 5.3 percent gain. And while the two groups had comparable profit margins, the Second Hundred had less success turning top-line growth into profits. The culprits? Steep expenses and a sharp drop in leverage.

Take a sneak peak at the 2013 Am Law 200.

Previous Am Law 200 coverage :: 2011 | 2010 | 2009 | 2008 | 2007


INFOGRAPHIC: Click here for an interactive chart comparing The Am Law 200 firms to those in The Am Law 100, based on four key metrics of law firm economics.
Gross Revenue (Free)
Revenue Per Lawyer (Top 20 – Free)
Revenue Per Lawyer (Full Chart)
Profits Per Partner (Top 20 – Free)
Profits Per Partner (Full Chart)
Compensation – All Partners (Top 20 – Free)
Value Per Lawyer (Top 20 – Free)
Value Per Lawyer (Full Chart)
Methodology How We Report Law Firm Financials