We recently celebrated the Am Law 200’s silver anniversary (25 years), which yielded various interesting insights from a quarter-century’s worth of data. The biggest takeaway we will explore in this newsletter is the overwhelming focus on growth by many of the nation’s 200 largest firms and how that focus has impacted their overall financial health.

But let’s go back in history to when MTV played music videos. In 1987, McDonald’s introduced the concept of “super-sizing” value meals. Later that year, Gordon Gecko uttered his infamous phrase, “Greed is Good.” If anything else defined the 80s (aside from John Hughes movies), it was the concept of “more.”