It's Am Law 100 time again. But before we do the numbers, the folks at American Lawyer want you to know something: The Golden Age may be over.Increased demand for high-end legal services and perpetual rate hikes has led to five consecutive years of better-than-average growth in revenue per lawyer and profit per partner among the top 100.
Good news, right? Well, American Lawyer points out that for the first time since 2001, the growth in law firm lawyers noticeably exceeded the growth in revenue per lawyer last year. Coupled with the recent decrease in deal activity, and those associate salary increases aren't sounding so good anymore.
Time will tell. In the meantime, here's how some Minnesota offices stacked up:
DLA PIPER
Home office: Decentralized
Ranking: 11
Gross revenues: $1.1 billion
Change from previous year: +11.7 percent, no change in ranking
MORGAN, LEWIS & BOCKIUS
Home office: Decentralized
Ranking: 12
Gross revenues:$1 billion
Change from previous year: +12.0 percent, no change in ranking
FULBRIGHT & JAWORSKI
Home office: Houston
Ranking: 37
Gross revenues: $ 649.5 million
Change from previous year: + 7.8 percent, down three spots
FISH & RICHARDSON
Home office: Decentralized
Ranking: 72
Gross revenues: $367.5 million
Change from previous year: +28.3 percent, up eight spots
DORSEY & WHITNEY
Home office: Minneapolis
Ranking: 73
Gross revenues: $367 million
Change from previous year: +11.4 percent, down one spot
LITTLER MENDELSON
Home office: San Francisco
Ranking: 87
Gross revenues: $305 million
Change from previous year: + 27.1 percent, up 14 spots
FAEGRE & BENSON
Home office: Minneapolis
Ranking: 94
Gross revenues: $284.5 million
Change from previous year: +14.7 percent, up four spots
3 comments:
What about DLA Piper and Morgan Lewis, both of which have small Minneapolis offices?
DLA Piper has a Minneapolis office:
http://www.dlapiper.com/us/offices/
Quite true... I've added them to the list.
Thanks!!
Post a Comment