For five Am Law 100 and Second Hundred firms with roots in Los AngelesAllen Matkins Leck Gamble Mallory & Natsis; Jeffer Mangels Butler & Mitchell; Loeb & Loeb; Manatt Phelps & Phillips; and Sheppard Mullin Richter & Hampton2012 was largely a year for maintaining the status quo, according to The American Lawyer‘s reporting.
Most of the firmswhich range in size from 126-lawyer Jeffer Mangels to 521-lawyer Sheppard Mullinposted 2012 financial results on par with their respective performances in 2011, while also holding their head counts relatively steady. And though litigation accounts for a big chunk of revenue at all five firms, their practice mixes aren’t identical. At Allen Matkins, for instance, up to 60 percent of the firm’s gross revenue is the product of real estaterelated work, while Manatt and Sheppard Mullin offer a broader array of legal services.
Still, given that Southern California remains a main, if not the main, revenue center for each, an examination of how the five firms fared in 2012 sheds some light on the state of the region’s legal industry.
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