Credit: ALM
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The Am Law 200 reversed course in 2016, posting gains in gross revenue after experiencing a decline in 2015. But that average gain of 1.2 percent, coupled with similar increases in revenue per lawyer and profits per equity partner, masked some weakness in many firms’ results. As our overview story shows, a “hollow middle” is emerging.

Previous Am Law 200 coverage : 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008

FEATURES AND ANALYSIS

Overview: The ‘Hollow Middle’
Clients are willing to pay high rates for high-end work and seek bargain-basement prices for commodity work, but there is less of an appetite for anything in between, our Am Law 200 results show.
 
From Start-Up to Am Law 200
How Kobre & Kim turned a unique business model into a high-grossing firm.
 
Behind the Numbers: A Podcast on What the Am Law 200 Results Really Mean
ALM Intelligence senior analyst Nicholas Bruch breaks down the Am Law 200 results.
 
A Note From the Editor
Dictate change so change doesn’t dictate you.
 
The Methodology
How we report law firm financials.
 
 

THE CHARTS

The Am Law Second Hundred: Firms Ranked by Gross Revenue
The Second Hundred rebounded from 2015, growing revenue 1.2 percent in 2016. Seven firms saw double-digit increases in gross revenue, while another seven saw double-digit declines.
 
The all-important RPL metric grew 1.5 percent in 2016 for the Second Hundred firms, which equaled the Am Law 100′s performance. This chart ranks all 200 firms by RPL.
 

By the Numbers
Our analysis of the Am Law 200 results, broken out into some fascinating data points.

 

Profits Per Equity Partner
The Second Hundred grew PPP 1.6 percent in 2016, an improvement from essentially no growth the year before. But the group was bested by The Am Law 100, which grew the metric 3 percent. Here is a ranking of all 200 firms by PPP.

 
SEE ALSO:
The Am Law 100 posted solid gains in gross revenue and profits in 2016, but the revenue per lawyer dropped on stronger growth in head count.