An increase in transactional activity, notably in real estate, drove revenue and profit gains at most of Atlanta’s nine Am Law 100 and 200 firms, but the conclusion of major class action litigation caused revenue declines at Alston & Bird and Sutherland Asbill & Brennan.
Meanwhile, McKenna Long & Aldridge reported a 10.6 percent drop in revenue ot $305 million—the biggest drop for the 12 Atlanta-based firms in our survey—largely because the firm lost 20 percent of its lawyer head count over the year. The departures followed McKenna’s last-minute decision in November 2013 not to merge with global megafirm Dentons. McKenna rekindled talks with Dentons this year and both firms’ partnerships approved the combination earlier this month.
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