Exclusive Report: The 2017 Am Law 200
The Am Law 200 reversed course in 2016, posting gains in gross revenue after experiencing a decline in 2015. But that average gain of 1.2 percent, coupled with similar increases in revenue per lawyer and profits per equity partner, masked some weakness in many firms' results. As our overview story shows, a “hollow middle” is emerging.
May 24, 2017 at 10:07 AM
3 minute read
The Am Law 200 reversed course in 2016, posting gains in gross revenue after experiencing a decline in 2015. But that average gain of 1.2 percent, coupled with similar increases in revenue per lawyer and profits per equity partner, masked some weakness in many firms' results. As our overview story shows, a “hollow middle” is emerging.
FEATURES AND ANALYSIS
Clients are willing to pay high rates for high-end work and seek bargain-basement prices for commodity work, but there is less of an appetite for anything in between, our Am Law 200 results show. 
How Kobre & Kim turned a unique business model into a high-grossing firm.
ALM Intelligence senior analyst Nicholas Bruch breaks down the Am Law 200 results.
Dictate change so change doesn't dictate you.
How we report law firm financials.
THE CHARTS
The Second Hundred rebounded from 2015, growing revenue 1.2 percent in 2016. Seven firms saw double-digit increases in gross revenue, while another seven saw double-digit declines.
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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