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Credit: Roberto Jiménez/ALM

The world’s 200 highest-grossing law firms had a record year in 2018, growing their collective revenue by nearly 8%. But in The American Lawyer’s second spin at collecting data on the Global Second Hundred—those firms ranked 101 through 200—the large gap between the two tiers only continued to expand.


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Of the Global 200’s total revenue, $31.9 billion came from the Second Hundred, exceeding last year’s tally by 6.5%. At the same time, the 100 top-grossing firms in the world grew their earnings 8.1% to $114.2 billion. Consequently, in 2018, the Global 100 earned more than three-and-a-half times as much as their counterparts in the Second Hundred.

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Dan Packel

Dan Packel covers change and innovation in the legal services market, and writes a weekly briefing for Law.com, "The Law Firm Disrupted," on these subjects. He is based in Philadelphia. Contact him at dpackel@alm.com. On Twitter at @packeld

 

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