“SGR is very pleased with our continued increase on the Am Law 200 list after closing another strong fiscal year with significant revenue and earnings increases in 2021,” said Stephen M. Forte, President and Managing Partner of SGR. “The company`s strong financial performance reflects our growing focus on customer service to meet market demands.” The past year has been incredible for the Am Law 100, the 100 largest law firms in the country, ranked by revenue, as we learned in the spring when the latest ranking was released. For firms that are a notch below the Am Law 100 — firms ranked No. 101 to No. 200 in terms of total revenue, a group the U.S. attorney calls the “Second Hundred” — last year was also excellent, but not as large as for the top 100 firms. As a result, the gap between Am Law 100 and the second hundred companies continued to grow in 2021, as it has been for years. Speaking of revenue per lawyer, which is widely considered the most reliable indicator of a company`s financial performance, let`s look at the top 10 firms among the second hundred for RPL. Again, for the full list, see Am Law. Here`s how the Second Hundred have behaved as a band in 2021, according to the latest Am Law 200 ranking (which came out some time ago and I`m covering late; the last few weeks have been hectic, in legal news and for me personally): These documents were created for informational purposes only, are not legal advice and may be used as promotional materials according to the rules that apply to the professional conduct of lawyers in various jurisdictions. can be considered. This information is not intended to establish an attorney-client relationship or similar.
Whether you need legal services and which lawyer you choose are important decisions that should not be based solely on these documents. By now, we all know the story of how the Am 100 law behaved in 2020. Contrary to what many of us have predicted, the Am Law 100, the 100 most profitable law firms in the country, has reached new heights in terms of gross revenue, revenue per lawyer and profit per partner. For Biglaw, last year was a very, very good year. [3] It`s actually surprising that Cole Scott doesn`t have a PPEP of more than $3.7 million, given that his leverage ratio – the ratio of all lawyers who are not equity partners to equity partners – is staggering 179.33. But the average income per lawyer at Cole Scott is only $315,000, and the average profit per lawyer is about $20,000. Compare that to the revenue per lawyer at Wachtell Lipton, $3.645 million, which means that a single Wachtell lawyer generates more revenue than 11 lawyers at Cole Scott. Am Law 100, Am Law 200, Biglaw, Money, Partner Issues, Partner Profits, Rankings Want to know more about the top 1000 law firms? Read the profile of a law firm by clicking on it. Each section lists the largest law firms by size, starting with the top 200 law firms on page 1-200, then the next 200 largest firms on page 201-400, and so on. You can also check each of these companies after accessing the company profile. Finally, let`s take a look at the 10 companies in the second hundred with the highest earnings per stock partner: Editor`s note: A version of this column was originally published on Original Jurisdiction, the latest sub-stack publication by David Lat.
You can find out more about the jurisdiction of origin on the Info page, and you can log in via this login page. A look at the numbers that defined the year in the legal industry – in visual form. In fact, Irell`s nearly $2.1 million LPR is ahead of Sullivan & Cromwell, Davis Polk, Kirkland & Ellis – all firms on Am Law 200 except Wachtell. Still, you can`t feel too bad for the average partner of a second hundred companies: making nearly $1 million a year isn`t too shabby. And as you can see in the earnings by partner ranking at the end of this article, partners from renowned companies like Boies Schiller Flexner, Irell & Manella, Munger Tolles & Olson, Susman Godfrey, and Williams & Connolly have made millions, in the plural. The Am Law 200, a ranking of the 200 most profitable law firms in the United States, is reported by journalists and researchers at ALM Business of Law. The list is published every year with a first part, the Am 100 law, followed by the “second hundred”, which are composed of companies in places 101-200. ATLANTA (June 8, 2022) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce that the firm has been recognized by The American Lawyer as an Am Law 200 2022 firm for the eighth consecutive year.