New Report Shows Am Law 100 Firms Pulling Ahead of Smaller Peers
The market for large law firms continued to face demand headwinds in the second quarter of 2017, according to a new report Monday by Thomson Reuters Peer Monitor, but the largest firms continue to separate themselves from their smaller peers.
August 07, 2017 at 02:24 PM
6 minute read
The market for large law firms continued to face demand headwinds in the second quarter of the year, but the largest firms continue to separate themselves from their smaller peers, according to a Thomson Reuters Peer Monitor report.
Demand across all firms slipped 0.1 percent from the same quarter last year. But there was a wide gap between Am Law 100 firms, which saw demand rise 1.1 percent, and Am Law Second Hundred firms, where demand fell 0.6 percent. So far this year, demand at Am Law 100 firms is up 1.6 percent, according to Peer Monitor, but it remains down 0.5 percent for Second Hundred firms.
Am Law 100 firms also had a higher rate growth than their smaller peers. Rates at the largest firms grew 3.4 percent from the second quarter of 2016, compared with 2.8 percent among Second Hundred firms.
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