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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.
Fisher Phillips Acquires Legal Tech Startup, Investing Further Into Tools for HR
"It fits with this idea of giving companies and HR teams sort of an on-demand resource that they have with us," said Jonathan Crook, Fisher Phillips partner and founder of the startup.
We Asked Every Am Law 100 Law Firm How They're Using Gen AI. Here's What We Learned
At least 41 of the U.S.'s highest grossing firms are putting the much-discussed technology to use, exploring opportunities for legal work and on the business side of operations.
Looking Back at the Law Firms That Didn't Survive 2023
From Stroock to Schnader, firms that failed struggled with common issues of recruitment, retention and financial obligations.
Big Law Firms Call on Top Law Schools to Condemn Anti-Israel Protests, Harassment
A group of more than 200 leading law firms implored law schools to reign in "anti-Semitic activities" on campus as Israel's response to the Oct. 7 attacks draws protest worldwide.
A&O Shearman: The Compelling but Unspoken Rationale
Industry observer Hugh A. Simons dives into historical data and law firm dynamics to explore the true, though perhaps unspoken, benefits of a merger between Allen & Overy and Shearman & Sterling.TRENDING STORIES
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Ultimate Guide to Remote Legal Work
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The Future of AI in Law
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The Power of Trust Accounting for Law Firm Success
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