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The 2018 Am Law 100
Gina Passarella Cipriani | April 24, 2018
The country's largest law firms thumbed their proverbial noses at tough market conditions, posting some of the most significant gains since the Great Recession.
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The Super Rich Are Getting Richer
Christine Simmons | April 24, 2018
The richest of the rich continue to prosper and raise profits, a trend that appears to be accelerating as they pull away from the rest of the Am Law 100.
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Volatility Is Now a Fact of Life for America's Biggest Firms
Gina Passarella Cipriani | April 24, 2018
Rollercoaster performances from year to year are becoming the norm, especially at the top of the Am Law 100.
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Success in the Am Law 100 Is Being Driven by Management
Hugh A. Simons and Nicholas Bruch | April 24, 2018
Law firms, long thought to be bifurcating by size and profitability, have actually been separating based on something more simple over the past decade.
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How Morgan Lewis Grew Into a Powerhouse on Its Own Terms
Lizzy McLellan | April 24, 2018
The eighth-largest firm in the Am Law 100 charted its own course on the way to becoming a global force.
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From the Editor-in-Chief: Touche Law Firms, Touche
Gina Passarella Cipriani | April 24, 2018
Firms turned up their noses at market pressures in 2017, turning in a banner year with promises for a strong 2018 to follow.
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The 2018 Am Law 100 Ranked by: Gross Revenue
Gina Passarella Cipriani | April 24, 2018
Thirty-one firms posted gross revenue over $1 billion in 2017, four more than in 2016. Eighty-five reported gains, up from 82 last year. Kirkland reported the biggest gain, 19.4 percent. K&L Gates had the steepest decline, 16.1 percent.
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The 2018 Am Law 100 Ranked by: Revenue Per Lawyer
Gina Passarella Cipriani | April 24, 2018
For the Am Law 100 as a whole, average revenue per lawyer, the metric that we’ve long regarded as the most reliable measure of a firm’s financial health, increased by 3.2 percent, higher than the 1.5 percent increase at Am Law 100 firms in 2016.
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The 2018 Am Law 100 Ranked by: Profits Per Equity Partner
Gina Passarella Cipriani | April 24, 2018
Twenty-five firms had growth rates of at least 10 percent, up from 20 in 2016. Norton Rose led the way with a 32.3 percent leap in PPP. Two firms (Crowell & Moring and Jenner & Block) had double-digit declines, fewer than the five firms that saw double-digit declines in 2016.
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The 2018 Am Law 100 Ranked by: Compensation--All Partners
Gina Passarella Cipriani | April 24, 2018
Average Compensation–All Partners rose by 5.3 percent in 2017, compared with an increase of 1.6 percent in 2016. Seventy-nine firms posted increases, compared with 71 the previous year. Nineteen firms posted double-digit gains, while three posted double-digit losses.
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The 2018 Am Law 100 Ranked by: Profits Per Lawyer
Gina Passarella Cipriani | April 24, 2018
Profits per lawyer is an alternate way of looking at firm profitability, and is intended to reduce the influence of factors such as leverage. A firm’s PPL is its net income divided by its lawyer count. Wachtell topped the list with a PPL of $1,897,000.
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The 2018 Am Law 100: Profitability Index
Gina Passarella Cipriani | April 24, 2018
Our Profitability Index metric looks at a firm’s ability to convert revenue into profits. This metric, introduced in 1985, seeks to demonstrate which firms best balance leverage and profit margin for the highest possible profits per partner.
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The 2018 Am Law 100 Ranked by: Value Per Lawyer
Gina Passarella Cipriani | April 24, 2018
Wachtell, Lipton, Rosen & Katz has led this ranking since the metric’s inception in 2005. At that firm, each lawyer contributed an average of $1.9 million in 2017, and it took an average of 5.3 lawyers to generate $10 million.
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How We Put Together the Am Law 100
Jeanne Graham | April 24, 2018
A closer look at how The American Lawyer reports the Am Law 100 issue.