Biglaw

Am Law 100 Data Show Overall Financial Increases in 2017
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Kirkland & Ellis

Summary: The new data on Am Law 100 firms looks promising overall for the state of the legal market financially.

Recently released Am Law 100 data from ALM Intelligence and The American Lawyer sheds some light on how the top law firms faired financially this past year. With an average growth in gross revenue of 5.5 percent, things seem to be looking up for law firms. Net income also increased by 6.1 percent, headcount rose by 2.2 percent, revenue per lawyer increased by 3.2 percent, and profit per equity partner also jumped by 6.3 percent.

  
What
Where


Not just one law firm went over $1 billion in gross revenue in 2017. There were a total of 31 firms that posted over $1 billion, four more law firms than in 2016. The American Lawyer reported on the latest numbers showing that Kirkland & Ellis had a big year while K&L Gates struggled.

A total of 85 law firms showed gains in 2017 compared to 82 in 2016. Kirkland & Ellis had the biggest gain of 19.4 percent, taking the top spot in gross revenue from Latham & Watkins, who had been on top for the last three years. Baker McKenzie kept its third place spot with DLA Piper and Skadden switching spots with DLA Piper now in fourth and Skadden in fifth this year.

Jones Day had a big drop from sixth place in 2016 to ninth place this year. K&L Gates had the largest decline in profit of 16.1 percent.

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!!




The American Lawyer chart rounds gross revenue figures to the nearest $1,000.

Dashboard 1

Do you think Kirkland & Ellis will hold on to the first place spot? Share your thoughts with us in the comments below.



To learn more about past gross revenue reports, read these articles:

Chart: American Lawyer

Photo: law.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-NY-Syracuse

Syracuse office of our client seeks litigation associate attorney with 3-5 years of experience. The ...

Apply Now

Senior Tax Attorney

USA-CA-San Francisco

San Francisco office of our client seeks senior tax attorney with experience related to renewable en...

Apply Now

Litigation Associate Attorney

USA-FL-Tampa

Tampa office of an AmLaw firm seeks litigation associate attorney with 2-4 years of experience. The ...

Apply Now

RELEVANT JOBS

Head of Philanthropy

USA-CA-Los Angeles

Being "Wonderful" goes beyond our consumer promise of growing and distributing high-quality fruits, ...

Apply now

Paralegal

USA-CA-San Francisco

NURX is looking for a proactive and organized critical thinker, with excellent attention to detail a...

Apply now

Associate Attorney

USA-NY-New York City

Nationally-renowned litigation boutique located in midtown Manhattan seeks self-starter associate. C...

Apply now

Director of Legal & Corporate Matters

USA-NJ-Iselin

U.S. Retirement & Benefits Partners (USRBP) is an independent national financial services firm speci...

Apply now

SEARCH IN ARCHIVE

To Top