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



 

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