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April 16, 2024 | The American Lawyer

Big Law's Big Realization?

Am Law 100 firms last year saw their lowest realization rates in five years: 80.93%, down from 82.2% in 2022 and 83.11% in 2021.
9 minute read
April 16, 2024 | The American Lawyer

Showcasing Resilience of the Industry, Am Law 100 Firms Turn in Strong 2023

After taking a couple of body blows in 2022 and not knowing how the legs would hold up, Big Law was just waiting to counter.
10 minute read
April 16, 2024 | The American Lawyer

The 2024 Am Law 100: Ranked by Average Compensation - All Partners

Average Compensation–All Partners increased by 6.2% in 2023. Seventy-two firms posted increases, compared with 41 the previous year. Twenty firms posted double-digit gains, while five firms posted double-digit losses.
2 minute read
April 16, 2024 | The American Lawyer

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.
2 minute read
April 16, 2024 | The American Lawyer

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.
2 minute read
April 16, 2024 | The American Lawyer

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.
2 minute read
April 16, 2024 | The American Lawyer

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.
2 minute read
April 08, 2024 | The American Lawyer

Profits Swell at Pillsbury Amid Strong Demand and Costs Trimming

Pillsbury's net income climbed 10% in 2023, after the firm focused growth on profitable practices, trimmed costs and improved operational efficiencies.
6 minute read
March 07, 2024 | The American Lawyer

Without Contingency Fees Windfall, Crowell's Gross Revenue Inched Up 0.9% to $595 million

PEP declined without a significant windfall from contingency receipts. But the firm's base business revenue was up 6.8%, Crowell Chair Phil Inglima said.
4 minute read
February 13, 2024 | The American Lawyer

Skadden and Squire Build DC Partner Ranks With Government Hires

James Danly, who was FERC chair, has rejoined Skadden as head of its energy regulatory group, while Squire has added Bridget McGovern, who was an assistant secretary at the Homeland Security Department.
3 minute read

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