Atlanta skyline. (Photo: John Disney/ALM)How Atlanta Law Firms Fared in the Am Law 200 Rankings
The four Atlanta-based firms on the list outpaced the Second Hundred in revenue and PEP growth.
May 22, 2019 at 03:13 PM
3 minute read
The Am Law 200 is out, and four Atlanta-based firms again placed in the Second Hundred rankings: Fisher & Phillips; Morris, Manning & Martin; Smith, Gambrell & Russell; and Arnall Golden Gregory.
All four Atlanta-based firms jumped several spots in the rankings because of notable revenue growth. The Second Hundred list, released Wednesday by The American Lawyer, tracks the 101 to 200 highest-grossing law firms nationally.
Including the four homegrown firms, there are 14 firms in the Second Hundred with offices in Atlanta. That is in addition to the 31 Am Law 100 firms with locations in the city.
According to The American Lawyer, gross revenue grew 3.1% for the Second Hundred as a group, to $19.56 billion. Average revenue per lawyer increased 1.6% to just above $667,500.
The four Atlanta-based firms markedly exceeded that 3.1% revenue growth, and most grew their RPL at a higher rate as well. Similarly, the Second Hundred firms' average profit per equity partner rose 2.8% to almost $760,000—a PEP growth rate that all of the Atlanta-based firms exceeded.
Fisher & Phillips, a national labor and employment firm, grossed the highest of the four, posting 2018 revenue of $200.65 million. A 9.5% revenue increase from the prior year pushed it up four spots in the rankings to No. 147. The national labor and employment firm didn't add any offices to achieve the revenue gains but experienced an increase in demand last year.
Fisher Phillips' RPL increased 3.1% to $572,000, and PEP increased 3.6 percent to $574,000.
Morris Manning jumped six slots in the rankings to No. 170, after a 7.4% increase in revenue to $139.35 million, fueled by real estate work, a busy corporate tech practice and additions to its Washington, D.C., office. RPL increased 0.9% to $777,000, and PEP rose 3.3% to $1.211 million.
Smith Gambrell jumped six spots, as well, to No. 193, thanks to a 12.1% revenue spurt to $114 million. That made Smith Gambrell one of 11 firms in the Second Hundred to increase revenue by more than 10%. RPL increased by 4.7% to $514,000, and PEP jumped 13.3% to $708,000.
Smith Gambrell continued to expand into new markets last year, adding a Los Angeles office in January through a combination with an 11-lawyer business boutique, Rodi Pollock Pettker Christian & Pramov, to serve the firm's Asia-based clients.
Arnall Golden jumped three spots to No. 192, after a 6.9% revenue increase to $106 million, breaking the $100 million mark for the firm. RPL grew 8.3% to $716,000, and PEP jumped 13.5% to $1.066 million.
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