Editor’s note: The initial report mistakenly referenced Porzio Bromberg’s data regarding the decline in the firm’s lawyer head count. The firm was mistakenly referenced as the fastest shrinking by raw number of attorneys, which is not the case. While the firm is among the fastest shrinking on a percentage basis, that percent decline has been updated to reflect updated attorney head count for the firm for fiscal year 2022. We regret the error.

Law firms across the nation continued to grow their headcount in 2022, especially in the associate and nonequity ranks, despite a slowdown in demand amid financial headwinds that categorized the latter half of the year. The majority of the largest firms recorded moderate head count growth, leading to several ranking adjustments at the top of the NLJ 500.