Miami Downtown skyline in daytime with Biscayne Bay. Credit: Daniel Korzeniewski/Adobe Stock Florida's 4 Am Law 200 Firms Found Varying Success in 2020
The Second Hundred lived and died by its balance of practices — good news for business-oriented firms, bad news for those in hospitality and foreclosures.
May 19, 2021 at 03:46 PM
4 minute read
The Second Hundred of the 2021 Am Law 200 had a more tumultuous 2020 than the first 100 firms. Without the same benefits of scale and diversification, second-hundred firms won and lost by their balance of practices — if your firm was big in intellectual property or M&A, the year probably went okay, whereas firms heavily leveraged in hard-hit industries such as hospitality and residential foreclosures struggled.
On aggregate, the second hundred saw gross revenue grow by 1.1%, while PPP climbed by 8.8% and RPL grew by 3%. Of the four Florida-based Am Law 200 firms — Shutts & Bowen, Greenspoon Marder, GrayRobinson, and Cole, Scott & Kissane, two beat the Second Hundred average for top-line revenue growth.
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