Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.
The American Lawyer's annual ranking of the 100 highest-grossing law firms in the country.
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Dan Packel | April 20, 2021
Against a backdrop of economic anxiety and uncertainty, the country's largest firms set records for the post-Great Recession era.
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ALM Staff | April 20, 2021
For the fourth year in a row, Kirkland & Ellis holds the top spot in the revenue rankings, with $4.8 billion.
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Andrew Maloney | April 20, 2021
In 2009, Latham & Watkins laid off 12% of associates and 250 staff members in response to the global financial crisis. In 2020, it avoided cuts—and had one of the best years in Big Law.
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Dylan Jackson | April 20, 2021
Experts and observers have long raised red flags about a growing, and perhaps bloated, nonequity tier. But as firms notch record success in the pandemic and the nonequity tier keeps growing, have those fears been overblown?
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ALM Staff | April 20, 2021
Wachtell, Lipton, Rosen & Katz grew nearly 10% and remains well ahead of the rest of the competition.
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Patrick Smith | April 20, 2021
Eyeing millions in savings, many firms are ready to reduce their post-pandemic footprint. Elites may keep it as a differentiator. Everything is on the table.
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ALM Staff | April 20, 2021
Wachtell, Lipton, Rosen & Katz holds onto the top spot in the PEP rankings, but is now joined by two other firms north of $6 million.
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Jae Um | April 20, 2021
A dozen years of data since the Great Recession shows resilient law firms rose above the competition over the past decade. In the fraught present moment, history holds lessons for the latest competitive reset.
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Jae Um | April 20, 2021
An analysis of 12 years of data since the Great Recessions reveals that outperforming firms can emerge from any region of the country—and any region of the rankings.
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ALM Staff | April 20, 2021
Financial information about the entire Am Law 100, from A to Z.
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Ben Seal | April 20, 2021
For some leaders on this year's Super Rich list, it's difficult to talk about their firm's success without considering the disparities the past year has exposed.
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Roberto Jimenez | April 20, 2021
A closer look at the numbers that mattered most for the Am Law 100—in visual form.
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Lizzy McLellan | April 20, 2021
Revenue per lawyer set post-Great Recession records as pricey partners fielded clients' urgent questions. If firms want to build on that growth instead of losing ground, discipline is key.
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ALM Staff | April 20, 2021
Single-tier firms sit atop the list, paced by Wachtell at $7.5 million.
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Brenda Sapino Jeffreys | April 20, 2021
In 2020, 92 of the Am Law 100 improved profits per equity partner. A repeat performance could be difficult to pull off.
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ALM Staff | April 20, 2021
With more than twice its nearest competitor, Wachtell leads the list.
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Gina Passarella Cipriani | April 20, 2021
As The American Lawyer editor in chief Gina Passarella writes, the foundation for success in 2020 was laid over the past decade.
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Ben Seal | April 20, 2021
From equity partners to profits per lawyer, this is how we define every element of our law firm financial reporting—and how we do it.
As the pandemic took hold last spring, the legal industry faced a series of daunting challenges and proceeded with caution into the unknown. Now, more than a year into the pandemic, it's clear that the country’s largest law firms excelled in the face of an unprecedented crisis, growing revenue 6.6%, revenue per lawyer 4.8% and profits per equity partner 13.4%.
But those numbers don't tell the complete story of how firms found success in 2020—or what they will need to do if they want a repeat performance in 2021. In this year's Am Law 100 report, we analyze all the numbers while closely examining the status of the nonequity partnership tier, the future of law firm real estate, Latham & Watkins' response to the crisis, the traits that helped resilient firms outperform the competition after the last recession and will guide them through this one—and much more.
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Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.
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