Credit: Tsung-Lin Wu/Adobe Stock; Hyeon Jin Kim/ALM Why a Difficult Pandemic Year Is Leading Firms to Target Virtual Expansion
Pandemic-aided geographic expansion could fuel growth for those on the outside looking in at the Am Law 200 in the coming years.
May 18, 2021 at 10:01 AM
6 minute read
Law Firm Office Launches and Closures
For the Am Law 100, 2020 was a remarkably profitable year of nearly across-the-board growth. For the Second Hundred, it was a more understated success. For the firms on the outside looking in at the Am Law 200, it was something more like a struggle.
What data are you leveraging to sell strategy internally? Get the interactive Am Law 200 data exclusively with Legal Compass. Out of 15 firms whose revenue places them within shouting distance of the Am Law 200, only two posted modest year-over-year revenue gains and several had significant declines. The 12 firms in this group with both 2019 and 2020 data available collectively averaged a 5% drop in revenue—something only 13 firms in the entire Am Law 200 experienced last year.
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