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The largest law firms appear to be getting smarter about what sizes they want to be.

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Katelyn Polantz

Katelyn Polantz is a Washington, D.C.-based data editor and staff reporter at ALM. She has written about law firm business and economics, lobbying and the federal government for the National Law Journal and ALM since 2014. She is originally from Johnstown, Pennsylvania, and is a graduate of the University of Pittsburgh.

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Law Firms Mentioned

[caption id="attachment_2592" align="alignnone" width="616"]<img src="http://www.almcms.com/contrib

  • Baker McKenzie
  • DLA Piper
  • Dentons
  • Jackson Walker L.L.P.
  • Lewis Brisbois Bisgaard
  • Reed Smith

/uploads/sites/398/2017/06/NLJ500-Overview-Display-Article-201710201752.jpg" alt="" width="616" height="372" class="size-full wp-image-2592" /> <i>(Credit: Rawpixel.com/Shutterstock.com)</i>[/caption] The largest law firms appear to be getting smarter about what sizes they want to be. In a world where size and growth is a near-obsession at some of the countrys largest firms, many have continued to grow at a rate thats more volatile than what the average nationwide statistics suggest. And inversely, some of the biggest firms have decreased their footprints in a noticeable way. That amount of movement isnt always captured in industry averages. Overall, the number of lawyers last year who work at the countrys largest 500 law firms increased by about 2 percent, to 163,700. The average firm size was 327 lawyers, up a hair from 320 the year before. In comparison, only a handful of firms among the 20 largest on our list changed their size by fewer than 2 percent plus or minus. <img style="width: 475px; height: 287px; float: right;" src="http://pdfserver.amlaw.com/nlj/NLJ500-Overview-Firm-Size-Article-201706231749.jpg" alt="" />Law firm consultant Miriam Herman, who regularly advises major firms on global growth, called the phenomenon "continuous recalibration." "Savvy firms will be adding and shedding consistent with a strategy geared to the particulars of their practice, client and geographic strengths," she added. Baker McKenzie, the largest U.S.-centered law firm in the NLJ 500, grew almost 6 percent. That change in size came without the firm completing a merger or opening a new office. DLA Piper, the second largest firm in the survey, declined in head count by 4 percent, even in a year it acquired three small firms, in Sweden, Finland and Canada. In the two greatest swings among the 20 largest firms, Lewis Brisbois Bisgaard &amp; Smith grew by almost 12 percent, while Reed Smith shrank by more than 5 percent. (Dentons, whose leadership is primarily based in the United States and which claims to be the worlds largest firm,��is not included in the NLJ 500 survey because it counts more lawyers in China than in the U.S.) Michael Wagner, Baker McKenzies chair for North America, said that programs at his firm that focus more on client relationships and feedback ��� plus emphases on certain industries ��� allow for more targeted lawyers to come aboard. At the geographic level, Baker McKenzie added the most lawyers to its S��o Paulo office last year, for an addition of 50, or more than 30 percent growth. The office now has almost 200 lawyers. Wagner noted how the firm is leading compliance and investigations work for several clients in Brazil, previously including JBS SA, a meat processing company facing a bribery investigation. "No one wants to slip in their market ranking. [But] our focus is on the clients, not on the prestige, not on the reach and so forth," Wagner said. "Were just targeting our investments to things clients tell us in the market to do." Roger Meltzer, global co-chairman of DLA Piper, called his firms loss of lawyers in 2016 a "result of natural attrition and the constant reshaping of our professional workforce." Even the firm Jackson Walker ��� which with 347 lawyers and 2.8 percent growth last year, making it a quintessentially average firm in our survey ��� has taken on a nuanced approach to firm size. </div> <div> "We continue to believe were in a slice of the market where we can continue to grow," said Wade Cooper, managing partner of the Texas-based firm. "We dont have ambition to grow outside the state." Jackson Walker has made strategic plans twice since the recession, when all firms annual growth rates largely abandoned a steady ascent. The firm decided it was comfortable being a regional firm, and could find laterals from both national practices and locally. Jackson Walker hopes to continue to grow, but Cooper said hes not interested in doing so the classic way, via merger. "Since our last strategic plan, my instructions are not to entertain any [merger] conversations," Cooper said. <em>Note:��This story has been updated to clarify the relationship between Baker McKenzie and client JBS SA. It also now reflects Dentons assertion that the firm is not based in any single country.</em> <em>Contact Katelyn Polantz at <a href="mailto:kpolantz@alm.com" target="_blank">kpolantz@alm.com</a>. On Twitter: @kpolantz.</em> <em>For more NLJ 500 coverage, <a href="http://www.law.com/nationallawjournal/sites/nationallawjournal/2017/06/26/the-nlj-500-our-annual-survey-of-the-nations-largest-law-firms/"> click here</a>.</em> <div class=tableauPlaceholder id=viz1498253758749 style=position: relative><noscript><a href=#><img alt=Dashboard 1 src=https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;NL&#47;NLJ500Overview2&#47;Dashboard1&#47;1_rss.png style=border: none /></a></noscript><object class=tableauViz style=display:none;><param name=host_url value=https%3A%2F%2Fpublic.tableau.com%2F /> <param name=site_root value= /><param name=name value=NLJ500Overview2&#47;Dashboard1 /><param name=tabs value=no /><param name=toolbar value=yes /><param name=static_image value=https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;NL&#47;NLJ500Overview2&#47;Dashboard1&#47;1.png /> <param name=animate_transition value=yes /><param name=display_static_image value=yes /><param name=display_spinner value=yes /><param name=display_overlay value=yes /><param name=display_count value=yes /><param name=filter value=publish=yes /></object></div> <script type=text/javascript> var divElement = document.getElementById(viz1498253758749); var vizElement = divElement.getElementsByTagName(object)[0]; vizElement.style.width=604px;vizElement.style.height=1269px; var scriptElement = document.createElement(script); scriptElement.src = https://public.tableau.com/javascripts/api/viz_v1.js; vizElement.parentNode.insertBefore(scriptElement, vizElement); </script> </div> </div> <

  • Baker McKenzie
  • DLA Piper
  • Dentons
  • Jackson Walker L.L.P.
  • Lewis Brisbois Bisgaard
  • Reed Smith

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