The 2024 Am Law 100

Gross Revenue

Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.

Revenue Per Lawyer

As a whole, average RPL, long regarded as the most reliable measure of a firm’s financial health, increased by 4.9%. In 2023, eighty-five firms posted a gain in RPL.

Profits Per Equity Partner

Average PEP was up by 9.3% in 2023. Thirty-seven firms had growth rates of at least 10%, compared to 14 last year. Twenty firms had declines in that metric in 2023.

Profits Per Lawyer

PPL, an alternative way of looking at firm profitability, is intended to reduce the influence of factors such as leverage. The average is $518,000, and the top PPL figure is $3.04 million.

Average Compensation - All Partners

Average CAP increased by 6.2% in 2023. Seventy-two firms posted increases, compared with 41 the previous year. Twenty firms posted double-digit gains.

By the Numbers

Each year we dig through the numbers to compare the country’s largest firms across more than a dozen financial metrics. Here we present some of the most important, interesting and surprising facts.

Methodology

How we report law firm financials: Detailed definitions for the various financial and census metrics.