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Large law firms in Florida held their own financially for the most part in 2017. But that meant different things, depending on the size of the firm.

All but one Am Law 200 firm in Florida either kept or improved its ranking in 2017. But revenue growth was more pronounced at the state’s Am Law 100 firms. Among lower-ranked firms, other than fast-growing Greenspoon Marder, it was slower or nonexistent.

“The challenge for those firms, to the extent that they’re drawing from a more limited market, the gains of one firm are coming at the expense of another,” said Michael McKenney, a managing director in Citi Private Bank’s Law Firm Group. “There’s a limited amount of work going to Big Law at this point, and they’re all competing for it aggressively.”

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Lizzy McLellan

Lizzy McLellan is a senior editor on ALM's business of law desk. Contact her at [email protected] On Twitter: @LizzyMcLell

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