Thongden_studio/Adobe Stock The 2024 Second Hundred: An Investment Story
The Second Hundred trailed the Am Law 100 in almost every financial metric, but much of that could be attributed to building for the future.
May 07, 2024 at 10:05 AM
9 minute read
Second Hundred law firms in 2022 did something they very rarely do: outpace the Am Law 100 in financial metrics. But 2023 was a different story, and the reality of the costs associated with building for the future and a somewhat unstable legal market caught up with many smaller firms.
While there were some impressive 2023 performances in the Second Hundred, the theme of a continuing profit separation between the highest-grossing law firms and smaller ones once again took center stage.
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