Carrying dozens of offices through the worst recession in ageneration might sound like a prescription for disaster. But heads of The Am Law 100′s most geographically diverse firms say that their business model is not only alive, but robust.
A cursory look at the numbers suggests that the recession hit these megafirms especially hard. Two-thirds of the 15 Am Law 100 firms with the most offices showed year-over-year declines in revenue per lawyer and compensation–all partners, two of the best indicators of a firm’s financial health, compared to a little more than half of the rest of the Am Law 100 firms.
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