Editor’s Note: This story originally appeared in The American Lawyer as part of the Am Law 200 issue. For more Am Law 200 data and analysis, see additional coverage here.

For the Am Law 100, 2020 was a remarkably profitable year of nearly across-the-board growth. For the Second Hundred, it was a more understated success. For the firms on the outside looking in at the Am Law 200, it was something more like a struggle.