Pa. Am Law 200 Firms Stayed Steady in Rough Waters
Buchanan Ingersoll & Rooney and Saul Ewing showed less volatility than other Second Hundred firms, of which 21 saw revenue shrink by 3 percent or more, and seven had double-digit declines.
May 24, 2017 at 04:20 PM
3 minute read
Two Pennsylvania firms are once again among the bottom half of the Am Law 200, according to financial rankings released Wednesday. While the firms' standings held relatively steady, their individual results showed the same mixed fortunes as their larger peers.
Buchanan Ingersoll & Rooney and Saul Ewing moved in opposite directions in The American Lawyer's annual report on the 200 largest law firms in the country by gross revenue. But their results were less dramatic than the rest of the Second Hundred, of which 21 firms saw revenue shrink by 3 percent or more, and seven had double-digit declines.
Buchanan Ingersoll rose in the ranks from 110 to 108, with a 4.5 percent increase in gross revenue to $303.5 million. The firm's profits per equity partner reached $695,000, an increase of 4.5 percent from 2015. Its head count declined by 13 lawyers to 441, and the equity partner tier shrank by four partners, to 108.
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