U.S.-based law firms posted soaring profits in 2020, double the rate of revenue growth in many cases, while the nonequity partner ranks greatly expanded in the top tier firms, according to an early analysis of nearly half the names from last year’s Am Law 200 rankings.

In both the top and bottom half of the 2020 Am Law 100, as well as last year’s Second Hundred, increases in profits per equity partner outpaced revenue growth, according to the ALM sample of 92 firms’ early financial and head count information. Part of that trend can be attributed to forced cost savings from pandemic-related business disruptions.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]