For the first time the law firms in the Am Law 100 showed five consecutive years of better-than-average growth in both revenue per lawyer, the key measure of law firm financial success, and profits per partner, the metric that has turned law firm managers into contortionists.
It was fun while it lasted. In 2007, The Am Law 100 — the top-grossing law firms in the United States — finished the best sustained growth spurt since The American Lawyer began tracking firm financials in 1984. For the first time, the firms showed five consecutive years of better-than-average growth in both revenue per […]