Biglaw

Am Law 100 Reveals The Biglaw Firms We Expect To Make Money Have Made Money

The top firms of the year are out.

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Over the last several years, a recurring theme in Biglaw coverage is the widening gap between the top handful of elite firms and the vast middle, once populated by strong mid-sized and regional firms. As niche firms and boutiques ramp up their firepower, clients are moving to the margins and porting more work to smaller firms and, when they don’t, they run with more fervor into the loving embrace of the cream of the crop firms.

The sort of firms that no one ever gets fired for hiring.

So, with the release of the latest Am Law 100 numbers, what do we see? Basically, what we see are 10 firms pulling down over $2 billion in annual revenue and 37 firms topping the $1 billion mark. By spot 74, we’re not even over $500 million. The precipitous decline gains momentum fast.

Check out the full 100 in revenue over at Am Law, but here’s the top ten for you:

Kirkland — Up over 18 percent to $3.75 billion.
Latham — Up over 10 percent to $3.38 billion.
Baker McKenzie — This is where we’re supposed to note this is a verein. So… noted. $2.9 billion.
DLA Piper — Another verein. $2.8 billion.
Skadden — $2.6 billion off modest 3.5 percent growth.
Sidley — $2.2 billion with 9 percent.
Hogan Lovells — 4.1 percent growth to $2.1 billion.
Morgan Lewis — $2.095 billion, up 4.7 percent.
Jones Day — Trump may be mad at them, but the firm can content itself $2.057 billion in revenue.
White & Case — Another strong year of growth, up 13.7 percent to $2.05 billion and replacing Norton Rose on this list.

There are your top money makers — exactly the same as last year with White & Case pushing Norton Rose to 11th.

Did we mention that Norton Rose is a verein. It’s a verein.

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The 2019 Am Law 100: Gross Revenue [American Lawyer]

HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

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