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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.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.
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.
The Law Firm Disrupted: Orrick, Reed Smith and Dechert Make Time to Get Comfortable With AI
For five years, Orrick and Reed Smith have been giving associates billable hours credit for innovation work, and in that interval, generative AI has jumped to the forefront.
Inside DechertMind, a Proprietary Suite of Gen AI Tools for Law Firm Work
Thor Alden, associate director of innovation at Dechert, recently gave Legaltech News an inside look at the suite of homegrown generative artificial intelligence tools the firm has been internally rolling out since April 2023.
Sidley Continues Recruiting From Weil, Adding NY Firm's Privacy Chair
Randi Singer's move is the latest chapter in the talent battle between Sidley and Weil. Sidley has lured at least four other Weil partners in the last year.
Big Law Adds Tax, Litigation Attorneys in Europe as Brexit, Economy and Reforms Fuel Demand
Ashurst, Dentons, DLA Piper, Squire Patton Boggs and Paul Hastings have been adding investment fund tax partners, who can pivot their focus during market downturns to wherever demand is strongest.TRENDING STORIES
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Power of Trust Accounting for Law Firm Success
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