After jumping 4.2 percent in 2012, average profits per partner growth for The Am Law 100 in 2013 was essentially flat, increasing just 0.2 percent. Sixty-four firms reported increases in PPP for 2013, compared with 66 in 2012 and 72 in 2011. Fourteen firms posted growth rates of at least 10 percent, down from 19 in 2012. Eight firms had declines that were greater than 10 percent, compared with three in 2012.
A pair of New York firms, Fried, Frank, Harris, Shriver & Jacobson and Davis Polk & Wardwell, posted the year’s biggest increases—24.3 percent and 22.5 percent, respectively.
Figures on this chart are rounded to the nearest $5,000. Profit margin is the ratio of net operating income to gross revenue multiplied by 100. Firms that are tied are listed alphabetically. For more details, see “ A Guide to Our Methodology.”
* Vereins differ structurally from other Am Law 100 firms, especially in regard to profit sharing.
1Fiscal year ends on March 31. Results are projected in order to meet The Am Law 100's publication deadline.
2Fiscal year ends on March 31. Results are projected in order to meet The Am Law 100's publication deadline.
3Fulbright & Jaworski joined with Norton Rose in June of 2013 to form the Norton Rose Fulbright verein, so there is no year-over-year comparison.
4SNR Denton joined with Fraser Milner Casgrain and Salans in March 2013 to form the Dentons verein, so there is no year-over-year comparison.