The 2013 Am Law 100: A Year of 'Slow Growth'
Which firms had the biggest revenue and the highest profits per partner last year, according to the latest Am Law 100 rankings?
Gross Revenue
This year, the top 10 firms are the same as last year, with the exception of Gibson Dunn. The firm rose up from #12 to displace Greenberg Traurig, but as usual, the rest of them played a rousing game of musical chairs. Congratulations are in order for DLA Piper. This is “the first time ever” that the gross revenue rankings weren’t topped by Skadden or Baker & McKenzie. Gotta love expansion.
Here are the top 15 firms in terms of gross revenue (the full chart can be found here):
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Revenue Per Lawyer
As opposed to the gross revenue chart, where size matters, the RPL chart is home to some of the most prestigious firms in the game. Year after year, this is where a pretty accurate picture of a firm’s overall financial well-being is painted. Firms saw a slight bump in RPL — about 2.6 percent — but overall, only 69 firms reported gains, compared to 74 out of 100 in the year prior.
Here are the top 15 firms in terms of revenue per lawyer (the full chart can be found here):
Profits Per Partner
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Finally, here’s the chart you’ve all been waiting for. As far as changes in the top 10 of this year’s PPP rankings, there were several. While Wachtell and Quinn Emanuel maintained their #1 and #2 spots, Cahill overtook SullCrom to land at #3. Gibson Dunn rose from #13 to take up new residence in the #8 spot, Boies Schiller replaced Simpson Thatcher at #9, and Milbank (#10 last year) sank to #15.
While a few firms saw sharp declines in PPP (greater than 5 percent) — Weil, Wilson Sonsini, Akin Gump, Hogan Lovells, Baker & McKenzie, Shook Hardy & Bacon, Patton Boggs, Edwards Wildman, and Dorsey & Whitney — Fried Frank saw the worst of it with a 16.8 percent drop.
Here are the top 15 firms in terms of profits per partner (the full chart can be found here):
How did your firm fare in this year’s Am Law 100 rankings? Feel free to discuss in the comments.
The 2013 Am Law 100 [American Lawyer]
Am Law 100 2013: Spring Awakening [American Lawyer]
Striking It Rich [American Lawyer]
Where’s Chadbourne? [American Lawyer]
Gross Revenue: A New Number One [American Lawyer]
Revenue Per Lawyer: A Modest Upturn [American Lawyer (sub. req.)]
Profits Per Partner: Profits Increase Moderately [American Lawyer (sub. req.)]
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Earlier: Prior ATL coverage of the Am Law 100
