Last year was The Am Law 100′s worst in 17 years – and the fall-off in premium work is only partly to blame. By Aric Press and John O’Connor
Nothing grows forever. For the first time since 1991, both average profits per partner and revenue per lawyer dipped last year among the Am Law 100 firms, the top-grossing firms in the nation. And, given the weakness in the market thus far in 2009, another decline seems likely this year.