Heavyweights in Pennsylvania’s legal industry had their strongest years on record for revenue and profit gains, though in characteristic fashion, the commonwealth’s largest firms fell slightly behind national averages. 

Am Law 100 law firms originating in Pennsylvania increased gross revenue and revenue per lawyer each by an average of 11.6% and equity partner profits by 17.2%. Interviews with firm leaders indicate that 2020’s expense savings continued into 2021, albeit to a lesser extent, while corporate practices contributed the most to financial gains.