It’s been a surprisingly strong year for many of the nation’s top-grossing firms, buoyed by the recovering U.S. economy and robust transactional and tech markets. There’s a new No. 1 at the top of The Am Law 100. Gross revenue, revenue per lawyer, profits per partner and other metrics—including a new profit measure we introduce this year—showed solid gains overall; some firms saw double-digit increases in those measures. Growth at several firms was superficial (achieved, for example, by adding lawyers, which boosts revenue). Still, the richest firms got even richer.

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FEATURES & ANALYSIS

It was a year of solid gains for The Am Law 100, especially for a burgeoning group of top firms.
The firm is the fourth in 30 years to occupy the top spot on our gross revenue rankings.
The sudden exit of its future leader plus disappointing financials put The Am Law 100′s oldest firm to the test.
To help add context to our reporting on law firm profits, this year’s Am Law 100 report adds a new metric, profits per lawyer.
Most Am Law 100 firms had solid results in 2014, but some sector bets paid off especially well.
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