Home

AM Law’s Second Hundred Also Took Hit in ’09
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

A closer look at the nation’s top-200 grossing law firms as compiled by The American Lawyer shows the Second Hundred top-grossing law firms stumbled in two areas in 2009 as compared to the AM Law 100.

Average profits per partner for the Second Hundred fell by 0.3 percent to $646,926 in ’09, while the AM Law 100 saw its profits per partner increase by 0.3 percent. Additionally, the Second Hundred’s revenue per lawyer dropped 2 percent, to $575,855, which was a slightly worse showing than The AM Law 100’s 1.9 percent dip.

Aric Press, editor-in-chief of The American Lawyer, commented on the findings in a press release.

  
What
Where


“The bottom line: last year there was nowhere to hide,” said editor in chief Aric Press. “On average, Second Hundred firms, as a group, were just as vulnerable to the economic downturn as Am Law 100 firms were.”

The Second Hundred had a smaller drop in gross revenue than the AM Law 100 in ‘09. The former saw its revenue decrease by 1 percent to $17.1 billion from $17.3 billion and the AM Law 100 had a 3.4 percent drop in gross revenue.

Profit margins for the two groups were nearly identical in 2009. The AM Law 100’s came in at 37 percent and the Second Hundred registered a 36 percent profit margin.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




One of the areas with the biggest difference came in head count. Total headcount fell by 1 percent at the Second Hundred and fell by 1 percent at the AM Law 100. Profits per equity partner grew by 1.9 percent in the Second Hundred, while the AM Law 100 registered a 0.7 percent decrease.

The complete breakdown can be found in this month’s issue of The American Lawyer.





 

RELEVANT JOBS

Associate Attorney

USA-PA-Exton

ASSOCIATE ATTORNEY McKenna Snyder LLC, a law firm in Exton, PA has an immediate opening for an ex...

Apply now

Attorney

USA-MI-Sturgis

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Attorney

USA-MI-Coldwater

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Deputy General Counsel / Senior Deputy General Counsel

USA-CA-Sacramento

Cal Cities Culture and Mission Cal Cities is dedicated to creating a collaborative and inclusive ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top