The 2017 Am Law 100 is out now, giving you the national picture of Big Law financials in fiscal year 2016. Below, we have the local picture, taking a closer look at the financial performance of Pennsylvania’s largest firms last year.

Pa. Firms See Mixed Fortunes in 2017 Am Law 100 Rankings

Pennsylvania-born law firms in the top half of the Am Law 100 held their positions fairly steady in 2017. Things were more volatile for those vying against one another in the lower half of the country’s 100 highest-grossing firms.

Fox Rothschild Grows Revenue 14 Percent, Profits Stay Flat

Revenue jumped 14 percent at Fox Rothschild in 2016, more than matching head count growth as the firm beefed up its lawyer ranks.

Duane Morris Grows Revenue 4.6 Percent, PPP 4.4 Percent

Even with cost-conscious clients keeping industrywide demand in check, Duane Morris edged forward in 2016, hitting new highs for revenue and profits per equity partner (PPP).

Saul Ewing Revenue Down 1.6 Percent, PPP Down 5.6 Percent

Saul Ewing posted a modest decline in revenue and a dip in profits in 2016, as litigation activity slowed and two contingency fees came in later than expected.

Blank Rome Boosts Revenue 22 Percent Amid Major Growth Spurt

Blank Rome hit the accelerator in 2016, posting big revenue gains as it added more than 100 lawyers from a failing firm and lured lateral hires from several competitors.

Soft Demand Drags Pa. Law Firms Back Down to Earth

Big law firms based in Pennsylvania faced a reality check in 2016, as weak demand for legal services took its toll.

Reed Smith Revenue Down 4.3 Percent, PPP Up 0.5 Percent

In what firm leadership called a “solid” 2016, Reed Smith held profits per equity partner and revenue per lawyer steady amid declines in head count and overall revenue.

Drinker Biddle Grows Revenue, PPP 6 Percent

Two years into new leadership, Drinker Biddle & Reath saw a second year of increases in revenue and profits per equity partner (PPP) in 2016.

Amid Departures, Pepper Hamilton Revenue Drops 10 Percent, PPP Down 28 Percent

Firm leaders at Pepper Hamilton blamed double-digit declines in revenue and profits last year on a temporary drop in demand in the firm’s health effects practice, and said the financial trend lines are skewed by a particularly strong 2015.
But sources with knowledge of the firm said changes in the health effects litigation practice and a number of lawyer defections had eroded the firm’s performance. 

Cozen O’Connor boosted revenue by more than 10 percent in 2016, as the firm continued to reap the benefits of acquisitions and lateral hires, as well as demand that bucked industry trends.

Dechert Revenues Up 2.4 Percent Amid Modest Rise in Profits

Last year at Dechert was “fine,” CEO Henry Nassau said, with a 2.4 percent increase in revenue and 1.6 percent increase in profits per equity partner (PPP).