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Gina Passarella Cipriani
About The Author
Gina Passarella is editor-in-chief of The American Lawyer. She has covered the business of law for her entire career, first as a reporter and special projects editor with The Legal Intelligencer in Pennsylvania and then as senior editor for business of law in ALM's global newsroom. She took over as editor-in-chief of The American Lawyer in January 2017.
Our New Partners Survey tapped into what Big Law's newest partners feel about their path to promotion, readiness for the job and career prospects moving forward--with a little advice to their firms mixed in.
General counsel plead for law firms to take more initiative when it comes to innovation, feedback and learning their business. With some GCs predicting much less legal work for the taking, law firms can't afford to ignore the message.
Overall lawyer head count for global 100 firms was 122,157 in 2016, up 2.7 percent from 2015. Forty-seven of the 100 largest firms by head count have more than 1,000 lawyers. Fifty-eight firms have the largest proportion of their lawyers in the United States, 17 have the largest proportion of their lawyers in the United Kingdom and 12 have most of their lawyers in China. The number of lawyers listed here is the average full-time-equivalent for the 2016 fiscal year. (For U.K.-based firms, the number of lawyers is the average full-time-equivalent for the fiscal year ending April 30).
Gross revenue for The Global 100 grew by 2.8 percent in 2016, to $99.3 billion, just shy of 2015's increase of 3.1 percent. This year 81 of the world's top-grossing firms have more lawyers in the United States than elsewhere, while 12 have the greatest proportion of their lawyers in the United Kingdom. Eight firms are structured as vereins or European Economic Interest Groups (EEIGs). Thirty-four firms had more than $1 billion in revenues, compared with 35 last year. In most cases, gross revenues for U.S. firms are derived from The Am Law 100. Other firms were surveyed directly for The Global 100, the Asia 100/China 50, or Legal Week's UK Top 50. Currency conversion rates to U.S. dollars are annual averages for 2016. Lawyer numbers are average full-time-equivalent numbers for 2016. Gross revenue figures are rounded to the nearest $500,000, while revenue per lawyer figures are rounded to the nearest $5,000.
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