The 2015 Am Law 200: Our Exclusive Report

The American Lawyer

While they didn't match the growth of The Am Law 100, Second Hundred firms—those ranked 101 to 200 on The American Lawyer's list of the nation's top grossing firms—chalked up gains in a tough environment in 2014. Typically, Second Hundred firms tend to be elite specialists, smaller firms in major markets or big regional players. Overall, gross revenue was up 2.1 percent, revenue per lawyer climbed by 3.25 percent, and profits per equity partner improved 5 percent. We tell the tales of seven firms among this group that had remarkable years, and offer comprehensive data for each firm in The Am Law 200.

Previous Am Law 200 coverage :: 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008

Features & Analysis

The Financial Report
The group showed improvement, but its results lagged behind The Am Law 100's.
 

Firms of Note

BuckleySandler Sees 'Breakthrough Year'
BuckleySandler enjoys a huge rise in profits, thanks to a modified contingency.
Kasowitz's Revenues Get Big Bounce From FHFA
Securities settlements help fuel Kasowitz's leap in revenue per lawyer.
How the Carlton Fields Jorden Burt Merger Paid Off
After a merger, Carlton Fields sees a small rise in revenue per lawyer.
Gross Revenue, Net Income Up at Winstead
The key to Winstead's strong results? Location, location, location.
Shumaker Loop Drops in 2014 Coming Off Big Year
Its 2013 results elevated by an award, Shumaker, Loop & Kendrick sees its numbers fall back.
Lowenstein's Revenue Up 3.1 Percent, PPP Down 8.4 Percent
Lowenstein's edge is its focus on hedge fund and venture capital work.
Ballard Spahr's Revenue Up 4.3 Percent
Ballard Spahr focuses on finances, pricing, collections and marketing.

The Charts

Infographic: Smaller Firms, Big Numbers
Second Hundred firms don't necessarily have Second Hundred profits per partner.

Profits Per Partner
Profits per equity partner improved 5 percent.
 
Revenue Per Lawyer
Revenue per lawyer climbed by 3.25 percent
 
Value Per Lawyer
Average of each lawyers' contribution to total partner compensation.
 
Compensation—All Partners
Average payout to the entire partnership.
 
Our newest metric is an alternate way of looking at firm profitability and is intended to reduce the influence of factors such as leverage.
 
Methodology
How we report law firm financials.