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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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Despite Anxiety-Inducing Trends, Am Law 100 Rose to the Challenge in 2017
Roy Strom | April 24, 2018
Last year was one of the best in recent memory for the financial fortunes of the Am Law 100, but few firms are able to rest easily given concerns about the industry's long-term outlook.
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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.