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The American Lawyer

Impressive Gains at Quinn Emanuel, Hogan Lovells, Milbank Suggest a Healthy 2023 for Am Law 100

"It's interesting to me that those in the top 50 did even better than those in the next 50," said Marci Taylor, a law firm strategy consultant and founder of Mantra Partner, in regard to early reports.
6 minute read

The American Lawyer

Hogan Lovells Rebounds in 2023 With Most Profitable Year in History

The global firm brought in $2.68 billion in revenue, which translated into $2.74 million in profits per equity partner.
6 minute read

National Law Journal

As Associate Pay Raises Divide the Market, Several Law Firms Match, Others Hold Off

"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
5 minute read

National Law Journal

Even With More Competition in DC, These Law Firms Still Have an Edge

D.C. firms say their deep regulatory and litigation background is working to their advantage, contributing to growing profits, particularly in years where transactional work has been softer.
7 minute read

The American Lawyer

Aggressive Rate Hikes, Head Count Management Helped Am Law 50 Squeeze Profits From Sluggish Demand in Q4

The Am Law 50 finished the fourth quarter with nearly 8% more fees worked than Q4 2022 despite a decline in demand, according to a new Thomson Reuters report.
3 minute read

The American Lawyer

Law Firms Witnessed a 'Return to Profit Growth' in 2023

After profits per equity partner dipped by 5.7% in 2022, they climbed by 6.6% in the last year, according to data from Citi's Global Wealth at Work Law Firm Group.
5 minute read

Daily Report Online

Kilpatrick, 'Getting Deeper and Broader' With Largest Clients, Sees 13% Profit Growth

The Atlanta firm decreased its equity partner tier by 7.6% to 106 partners, while its nonequity partner ranks expanded by 6% to 146.
5 minute read

Daily Report Online

Atlanta Law Firms See Faster Profit Growth, Despite Slowdowns in Revenue

Firms have shifted their leverage models, helping to bump up profits per equity partner for a second year, said Wells Fargo.
5 minute read

National Law Journal

Billing Rate Increases and Demand Growth Push DC Firms to Strong Financial Year

"D.C. was our best-performing region," said Owen Burman, of Wells Fargo Legal Specialty Group. "The regulatory side was on fire for so many firms."
3 minute read

Daily Business Review

Phila.-Based Weber Gallagher Opens Florida Outpost With Fowler White Partner

"I don't want to sound pessimistic, but the time of the smaller insurance defense shop is probably going away," said Weber Gallagher chairman Andrew Indeck.
4 minute read

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