Updated 5:15 p.m.
Washington law firms generally maintained their ranking on the this year’s Am Law 100, our sibling publication's annual financial report card. Of 12 Washington firms, nine saw an increase in gross revenue, the main metric of the survey. Washington firms remained fairly consistent with their national counterparts of which 76 percent saw an increase in gross revenue.
Arnold & Porter saw its gross revenue grow to $731 million, an increase of 14.3 percent over 2012. The firm had the biggest gross revenue gain among the Washington firms. Arnold & Porter climbed seven spots on the ranking to 37th overall.
Arnold & Porter chairman Thomas Milch attributed part of
the bump in gross revenue to its merger with San Francisco-based Howard Rice
Nemerovski Canady Falk & Rabkin in January 2012. He said that despite the
firm's positive numbers, the legal market would continue to be a challenge.
"We think that the marketplace will stay challenging not just for firms that grew up in D.C., but a lot of the firms in the top 100," Milch said in an interview Monday.
Hogan Lovells chalked up the highest gross revenue of the Washington firms, $1.633 billion, albeit 1.9 percent less than 2011. In that ranking, the firm dropped one space to 7th overall. Wilmer Cutler Pickering Hale and Dorr had gross revenue of $1.076 billion, an increase of 8.2 percent, bringing the firm up one spot in the ranking to 17th overall.
Williams & Connolly had the highest revenue per lawyer of the Washington firms—$1.22 million, an increase of 1.2 percent. The firm ranked 8th overall. Wilmer was not far behind, with $1.12 million in revenue per lawyer.
Akin Gump Strauss Hauer & Feld ranked the highest among Washington firms on profits per partner—$1.54 million, according to the Am Law 100 rankings. Pillsbury Winthrop Shaw Pittman and Crowell & Moring both saw strong increases in profits per partner, climbing 10 and 9.5 percent to $1.1 million and $925,000, respectively.
Check the gross revenue rankings below to see how Washington firms stacked up against the competition. For a full list and additional metrics, check out the entire Am Law 100.
#7 Hogan Lovells - $1,633,000,000
#17 Wilmer Cutler Pickering Hale and Dorr - $1,076,000,000
#32 Akin Gump Strauss Hauer & Feld - $775,000,000
#37 Arnold & Porter - $731,000,0000
#45 Covington & Burling - $650,000,000
#56 Pillsbury Winthrop Shaw Pittman - $561,000,000
#76 Venable - $376,000,000
#79 Steptoe & Johnson LLP - $366,000,000
#83 Crowell & Moring - $349,500,000
#85 Finnegan, Henderson, Farabow, Garrett & Dunner - $348,000,000
#90 Williams & Connolly - $330,500,000#95 Patton Boggs - $317,500,000