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.