The 2024 Am Law 100: Showcasing Resilience of the Industry
After taking a couple of body blows in 2022 and not knowing how the legs would hold up, Big Law was just waiting to counter.
April 16, 2024 at 10:07 AM
10 minute read
Law Firm ProfitabilityThe original version of this story was published on The American Lawyer
In 2022, law firms such as Wachtell, Lipton, Rosen & Katz; Davis, Polk & Wardwell; and Paul, Weiss, Rifkind, Wharton & Garrison walked back some massive profitability gains, and saw their net income and profit margins fall. Litigation powerhouse Quinn Emanuel Urquhart & Sullivan in 2022 saw its average profits per equity partner and revenue per lawyer drop at least 9%.
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Law Firms Mentioned
- Akin Gump Strauss Hauer & Feld
- Baker McKenzie
- Cadwalader, Wickersham & Taft
- Cravath, Swaine & Moore
- Crowell & Moring
- Davis Polk & Wardwell
- Debevoise & Plimpton
- DLA Piper
- Fish & Richardson
- Foley & Lardner
- Gibson, Dunn & Crutcher
- Haynes and Boone
- Husch Blackwell
- Jenner & Block
- Kirkland & Ellis
- Latham & Watkins
- Milbank
- Morrison & Foerster
- Nelson Mullins Riley & Scarborough
- Paul Hastings
- Paul, Weiss, Rifkind, Wharton & Garrison
- Quinn Emanuel Urquhart & Sullivan
- Shearman & Sterling
- Skadden, Arps, Slate, Meagher & Flom
- Sullivan & Cromwell
- Susman Godfrey
- Wachtell, Lipton, Rosen & Katz
- Wilmer Cutler Pickering Hale and Dorr
- Adobe
- Fox News
- Wells Fargo
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