The numbers are in for 2007, and it looks like it was another banner year for The American Lawyer’s Am Law 100 firms.
In the 2008 Am Law 100 report, the top five highest grossing firms held onto last year’s rankings, with Skadden, Arps, Slate, Meagher & Flom again taking the No. 1 spot. Latham & Watkins, Baker & McKenzie, Jones Day, and Sidley Austin rounded out the top five.
Total revenues reached $64.5 billion, an increase of 13.6 percent.
New York maintained its hold on revenue per lawyer dominance. The average RPL of New York firms was $1.1 million. For firms born outside of New York the average RPL was about $780,000, a difference of 41 percent.
Finnegan, Henderson, Farabow, Garrett & Dunner had the highest RPL of Washington-born firms, earning an average revenue per lawyer of $1 million. The firm has 307 lawyers and 99 equity partners.
Covington & Burling took top honors among Washington firms for average profits per partner, earning $1.17 million per lawyer. Covington & Burling has 530 attorneys and 178 equity partners.
For a closer look at the 2008 Am Law 100 report, visit The American Lawyer's Web site.