Midtown Atlanta (Photo: John Disney/ALM)How Atlanta Law Firms Fared in the Am Law 100 Rankings
King & Spalding stayed Super Rich, according to The American Lawyer. It is one of five Atlanta-based firms to be ranked in the Am Law 100.
April 25, 2019 at 03:04 PM
3 minute read
The Am Law 100 rankings are out, and five Atlanta-based firms again made the list of the country's 100 highest-grossing law firms.
King & Spalding grossed the highest of the five Atlanta firms, with revenue of $1.26 billion in 2018. That pushed it up one spot in the rankings from last year, to No. 22.
The other Atlanta firms in the Am Law 100 are Alston & Bird ($812.33 million in revenue, ranking No. 52—down from No. 46); Troutman Sanders ($521.53 million in revenue, ranking No. 68—down from No. 66); Ogletree, Deakins, Nash, Smoak & Stewart ($509.77 million in revenue, ranking No. 73—down from No. 72); and Kilpatrick Townsend & Stockton ($450.32 million in revenue, ranking No. 78—up from No. 80).
Including the five, there are 31 Am Law 100 firms with offices in Atlanta.
According to The American Lawyer, 2018 was a strong year for the Am Law 100 as a group. Revenue grew 8 percent on average, hitting a record $98.75 billion—and surpassing the 5.5 percent growth rate from 2017, the previous post-recession peak.
King & Spalding and Ogletree were the only Atlanta-based firms to best last year's 8 percent average revenue growth, with a 10.8 percent increase at King & Spalding and an 8.6 percent increase at Ogletree.
That said, the other Atlanta-based firms were among the 88 firms overall reporting revenue gains: respectively, of 3.9 percent at Alston & Bird, 2.5 percent at Troutman Sanders and 6.2 percent at Kilpatrick.
King & Spalding was the only Atlanta-based firm to make The American Lawyer's Super Rich list, which is based on profit per lawyer of $500,000 and revenue per lawyer of $1.1 million. Of the 31 firms among the Am Law 100 on this year's list, King & Spalding came in at No. 29 in PPL ($510,000), with RPL of $1,167,000.
Nelson, Mullins, Riley & Scarborough, based in South Carolina with a large Atlanta office, reported the highest revenue growth in the Am Law 100 this year, at 27.5 percent. That was driven by the firm's acquisition of 150-lawyer Florida firm Broad and Cassel on Aug. 1 after launching a Baltimore office with an 11-partner team from Miles & Stockbridge. Those additions increased its size by almost one-third to more than 700 lawyers.
Another firm with a large Atlanta presence, Womble Bond Dickinson, was new to the Am Law 100 rankings. The trans-Atlantic merger between North Carolina's Womble Carlyle Sandridge & Rice and the U.K.'s Bond Dickinson, which closed in November 2017, landed it at No. 77 on the list, up from No. 111 the prior year.
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