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The 2024 Am Law 100: Ranked by Profits Per Lawyer
Profits per lawyer is an alternative way of looking at firm profitability, intended to reduce the influence of factors such as leverage. The average is about $518,000, and the list-topper is about $3.04 million.The 2024 Am Law 100: Ranked by Profits Per Equity Partner
For the Am Law 100 as a whole, average PEP was up by 9.3% in 2023. Thirty-seven firms had growth rates of at least 10%, compared to 14 last year. Twenty firms had declines in 2023.The 2024 Am Law 100: Ranked by Revenue Per Lawyer
For the Am Law 100 as a whole, average revenue per lawyer, the metric that we've long regarded as the most reliable measure of a firm's financial health, increased by 4.9%. In 2023, eighty-five firms posted a gain in RPL.The 2024 Am Law 100: Ranked by Gross Revenue
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
Allen & Overy Arbitration Partner Jumps to Hughes Hubbard
Gaela Gehring Flores will co-chair the firm's international arbitration group, based in Washington, D.C.—part of a recent migration of top-level talent with that specialty.
An Early Look: The 2024 Am Law 200 Financials
This feed is continually updated. So bookmark it, check back regularly, and stay tuned for the Am Law 100 and Second Hundred reports coming soon.
Recruiting From Paul Hastings Again, Akin Adds Financial Restructuring Lawyer
Avi Luft, a financial restructuring of counsel at Paul Hastings, has joined Akin as a partner in New York.
Simpson Thacher Recruits Milbank Partner to Continue Building Energy Practice
Javad Asghari is the latest partner addition at Simpson Thacher in the energy and infrastructure space.
Cahill Drops 2.9% in Revenue as Firm Plans Long-Term Adjustments
Firm chair Herb Washer said Cahill is looking to diversify its practice mix to mitigate the highs and lows of a market-dependent practice.
Revenue, Profits Slip at Baker Botts as Firm Invests in Hiring, Singapore Office
Managing partner Danny David, who took on the managing partner role on Aug. 1, said 2023 was a year of investments and focus on adding strength to strength.TRENDING STORIES
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Law Firm Operational Considerations for the Corporate Transparency Act
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