Gross revenue for the Second Hundred increased in 2014 by an average of 2.1 percent, down slightly from 2.6 percent in 2013. For the second year in a row, the Second Hundred’s growth rate was less than half that of The Am Law 100; its average growth rate was 4.6 percent.
While 17 Am Law 100 firms posted double-digit increases in gross revenue, just nine Second Hundred firms did. Buckley Sandler had the largest increase, 57.4 percent. Six Second Hundred firms had double-digit declines in gross revenue. Robins Kaplan Miller & Ceresi posted the largest decline, 25 percent.
