In 2002, Am Law 200 firms in Pennsylvania were slowly starting to creep out of the 2001 dot-com recession, thinking again about how they would grow revenue and profits. Ten years and another recession later, those firms were certainly successful at reaching all-time financial highs, but some hit their peaks a few years ago and the gap between the rich and not-as-rich has widened.
When The American Lawyer issued the Am Law 200 for 2003, which tracked firms’ 2002 financial performance, there were 15 Pennsylvania-based firms on the list. Two Wolf Block and Schnader Harrison Segal & Lewis have since fallen off, and Stevens & Lee joined in 2005. Thirteen firms were ranked on either the Am Law 100 or 200 in both 2003 and in 2012, and it is those firms’ numbers for the last decade The Legal has examined.
