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Two firms — Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins — posted gross revenues of more than $2 billion last year. Ten other firms had ten-digit grosses as well. Meanwhile, Am Law 100 mainstay Cahill Gordon & Reindel continued its drift toward the bottom of the chart. Despite a 7.5 percent increase in revenues, the firm ranked number 99, down seven places from its 2006 finish.

Gross revenue figures on this chart are rounded to the nearest $500,000. Firms that tied in the rankings are listed alphabetically. Some firms -provided fractional full-time equivalent or full-year equivalent lawyer numbers, which were rounded up to the nearest whole number. Firms marked with an asterisk have more than one partnership tier or some partners who are predominantly on fixed-income status.

2007 Rank 2006 Rank Firm 2007 Gross Revenue Change From 2006
1 1 Skadden $2,170,000,000 17.3%
2 2 Latham & Watkins $2,005,500,000 23.5%
3 3 Baker & McKenzie $1,829,000,000 20.2%
4 4 Jones Day $1,441,000,000 10.0%
5 5 Sidley Austin $1,386,000,000 11.2%
6 6 White & Case $1,373,000,000 15.9%
7 7 Kirkland & Ellis $1,310,000,000 14.4%
8 10 Greenberg Traurig $1,200,000,000 15.3%
9 8 Mayer Brown $1,183,000,000 9.1%
10 9 Weil, Gotshal $1,175,000,000 11.9%
11 11 DLA Piper US2 $1,134,500,000 11.7%
12 12 Morgan, Lewis $1,033,000,000 12.0%
13 13 Sullivan & Cromwell $985,000,000 9.4%
14 16 McDermott Will $978,000,000 13.7%
15 18 Paul, Hastings $975,000,000 19.9%
16 21 Simpson Thacher $966,000,000 20.6%
17 14 Wilmer $944,000,000 5.2%
18 15 O’Melveny & Myers $934,000,000 7.5%
19 17 Shearman & Sterling $921,000,000 9.4%
20 20 Gibson, Dunn $907,500,000 12.2%
21 19 Cleary Gottlieb $894,000,000 10.0%
21 22 Morrison & Foerster $894,000,000 15.5%
23 30 Reed Smith $892,000,000 38.6%
24 23 Hogan & Hartson $880,000,000 16.6%
25 24 Dechert $836,500,000 14.7%
26 29 Davis Polk $789,000,000 21.4%
27 28 Orrick $772,000,000 15.9%
28 50 Kirkpatrick & Lockhart6 $755,000,000 N/A
29 25 Akin Gump1 $752,500,000 3.6%
30 26 Bingham McCutchen $743,500,000 8.4%
31 31 Ropes & Gray $733,000,000 19.0%
32 27 Foley & Lardner $720,500,000 7.9%
33 38 Debevoise & Plimpton $709,500,000 23.4%
34 33 Winston & Strawn $697,500,000 14.0%
35 41 Hunton & Williams $653,500,000 19.6%
36 35 Paul, Weiss $651,000,000 9.6%
37 34 Fulbright & Jaworski $649,500,000 7.8%
38 42 Milbank, Tweed $642,500,000 18.8%
39 44 Proskauer Rose $628,000,000 22.1%
40 36 King & Spalding $615,500,000 5.7%
41 32 Holland & Knight $612,500,000 -0.2%
42 47 Goodwin Procter $611,000,000 20.8%
43 40 Cravath $610,500,000 11.0%
44 49 Willkie Farr $603,000,000 20.0%
45 43 Vinson & Elkins $596,000,000 12.0%
46 37 Pillsbury Winthrop $590,000,000 1.8%
47 39 Cadwalader $587,000,000 5.6%
48 52 Wachtell $578,500,000 22.1%
49 48 Baker Botts $577,500,000 14.9%
49 45 LeBoeuf, Lamb3 $577,500,000 12.5%
51 53 Fried, Frank $537,500,000 14.2%
52 56 Wilson Sonsini $531,000,000 12.7%
53 54 Squire, Sanders $530,500,000 14.0%
54 55 Alston & Bird $518,000,000 12.1%
55 51 Arnold & Porter $508,000,000 6.9%
56 46 Heller Ehrman $491,000,000 -3.2%
57 71 Cooley Godward $485,000,000 44.8%
58 57 Sonnenschein $478,000,000 4.0%
59 58 Howrey $475,000,000 3.9%
60 61 Bryan Cave $469,000,000 14.1%
61 63 Covington & Burling $467,000,000 14.5%
62 59 Kaye Scholer $464,000,000 8.9%
63 60 Katten Muchin $461,000,000 9.6%
64 65 Nixon Peabody $456,500,000 16.3%
65 66 Seyfarth Shaw $442,500,000 13.0%
66 62 Dewey Ballantine3 $431,000,000 5.5%
67 68 Schulte Roth $419,500,000 13.7%
68 67 McGuireWoods $412,000,000 6.3%
69 69 Perkins Coie $394,500,000 10.7%
70 78 Quinn Emanuel1 $384,500,000 29.0%
71 70 Duane Morris $375,000,000 11.4%
72 80 Fish & Richardson5 $367,500,000 28.3%
73 72 Dorsey & Whitney $367,000,000 11.4%
74 99 Drinker Biddle4 $357,000,000 N/A
75 74 Troutman Sanders $349,000,000 13.5%
76 102 Thelen Reid8 $345,000,000 N/A
77 79 Steptoe & Johnson $335,000,000 14.1%
78 76 Sheppard, Mullin $333,000,000 10.6%
79 73 Jenner & Block $332,500,000 3.9%
80 87 Venable $321,500,000 19.7%
81 75 Edwards Angell $320,500,000 5.1%
82 82 Shook, Hardy $316,000,000 12.5%
83 77 Baker & Hostetler $315,000,000 5.0%
84 81 Blank Rome $314,500,000 10.7%
85 96 Patton Boggs $310,000,000 21.3%
86 85 Finnegan, Henderson1 $306,500,000 12.7%
87 101 Littler Mendelson $305,000,000 27.1%
88 95 Pepper Hamilton $297,000,000 14.7%
88 84 Stroock & Stroock $297,000,000 8.0%
90 91 Kramer Levin $296,500,000 13.2%
91 82 Dickstein Shapiro $294,000,000 4.6%
92 92 Mintz, Levin $291,000,000 11.7%
93 94 Sutherland Asbill $289,000,000 11.4%
94 98 Faegre & Benson $284,500,000 14.7%
94 89 Womble Carlyle $284,500,000 7.2%
96 86 Buchanan Ingersoll $282,000,000 3.9%
97 97 Chadbourne & Parke $281,000,000 10.6%
98 100 Ballard Spahr $280,500,000 15.4%
99 92 Cahill Gordon $280,000,000 7.5%
100 88 Kilpatrick Stockton $265,500,000 -0.2%

FOOTNOTES:
1. Gross revenue for 2006 includes a significant contingency fee or fees.
2. DLA Piper is structured as a set of alliances, so the results reflect the U.S. operation only.
3. Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae merged in October 2007. The numbers presented throughout reflect the separate entities.
4. Ranks for 2006 are for Drinker Biddle & Reath only; the firm merged with Gardner Carton & Douglas in January 2007. Due to the merger there is no year-over-year comparison for the merged firm.
5. Gross revenue for 2007 includes a significant contingency fee or fees.
6. Ranks for 2006 are for Kirkpatrick & Lockhart only; the firm merged with Preston Gates & Ellis in January 2007. Due to the merger there is no year-over-year comparison for the merged firm.
7. This firm was not an Am Law 100 firm in 2007 and did not receive ranks for RPL, PPP, and VPL.
8. Ranks for 2006 are for Thelen Reid & Priest only; the firm merged with Brown Raysman Millstein Felder & Steiner in December 2006. Due to the merger there is no year-over-year comparison for the merged firm.

(The American Lawyer, May 2008)