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As we publish our early reports on Am Law 100 and 200 firm financials, we’ll update this page, so follow along.

By Ben Seal | March 05, 2019 at 10:00 AM

Photo: Shutterstock

Early financial data is beginning to pour in on how the Am Law 100 and Second Hundred firms fared in 2018. The expectation among banking consultants and those following the industry closely is that the numbers will prove to be as strong as they’ve been in years. We’ll be watching to see how it all plays out for individual firms across the market, and updating this page regularly with new articles as they come in.

DLA Piper Boosted Revenues, Profits Again in 2018

The firm’s investments in global integration are paying off, said global co-CEO and Americas co-chairman Jay Rains.

Ballard Spahr Sees Big Revenue Gain, Slight Profit Dip After Midwest Merger

Gross revenue was up 17.4 percent while profits per equity partner dipped 2.8 percent from 2017 to 2018, as the firm completed a major merger.

As Its Chair Leaves for Big GC Role, Davis Polk Posts Best Year Ever

As Thomas Reid readies to leave for a GC role at Comcast, Davis Polk is left in strong financial health.

Baker Botts Again Posts Weaker Revenue, Profits, on Fewer Contingency Fees

Gross revenue for Baker Botts dropped 7.3 percent to $678.2 million, and profits per equity partner fell 9.6 percent to $1.66 million.

Latham Breaks Records Again as Revenue Soars, Profit Jumps

Latham pulled in nearly $3.4 billion in its 10th straight year of revenue growth, as the firm’s leadership says clients are seeking out its lawyers in more places than ever.

Fueled by Hires and ‘Happiness Factor,’ McDermott Revenue Hits $1 Billion

A string of lateral hires from DLA Piper and elsewhere “exceeded even our optimistic expectations,” said chair Ira Coleman, helping to boost revenue by nearly 14 percent last year.

Dechert Cracks $1B in Revenue in Big Hiring Year

As the firm settles into the $1 billion club, CEO Henry Nassau said it had a “milestone” year with high expectations for 2019.

O’Melveny Posts Record Income, Profit Growth in 2018

“The firm hit on all cylinders in the last year,” said New York-based chair Bradley Butwin.

Husch Blackwell Reports Increase in Revenue and Profits

The increases come as overall head count and the number of equity partners has declined.

Wilson Sonsini Grew Revenue, Profits as It Chased Startup Culture’s Geographic Spread

Gross revenue at the Palo Alto, California-based firm rose 7.5 percent to $857 million in 2018, while profits per equity partner (PEP) rose by 6.3 percent to $2.35 million.

Sidley Austin Sees Revenue, Profits Surge in Standout Year

The firm’s revenue and profits per equity partner hit new heights in 2018—for the eighth straight year.

Frost Brown Todd’s Revenues and Profits Slip in FY2018

The firm saw declines in profits per equity partner as the number of equity partners remained flat and its overall head count rose 3.5 percent.

Profits Spike at Milbank as Firm Exceeds $1 Billion Revenue Mark

While 2018 was another banner financial year for Milbank, the firm is less enthusiastic about the lack of diversity in its all-male new partner class last month.

LeClairRyan Names New Practice Leaders as Revenue and Head Count Slide

After four straight years of revenue and head count declines, LeClairRyan said it’s successfully positioning itself as a “next generation” law firm.

Partner Profits Pass $1M at Duane Morris as Growth Streak Continues

Gross revenue at the Philadelphia-based firm was up 5.5 percent, as profits per equity partner passed the $1 million mark for the first time.

Dickinson Wright Reports Gains in Revenue and Profit

The firm said one of the firm’s strongest-performing practice areas in the past year has been intellectual property, an area in which it has made a critical investment.

Revenue, Partner Profits Hit New Highs at Paul Hastings

Chairman Seth Zachary outlined a strategy that’s simple, at least on its face: Win more work, and more complex work.

Lowenstein Revenue Up 14.2 Percent; PPP Jumps 17.9 Percent

Lowenstein Sandler followed a strong 2017 with an even better 2018, with marked increases in firmwide and per-lawyer financial metrics, as well as lawyer head count growth.

Akin Gump Grows Revenue, but Profits Stay Flat

Revenue at Akin Gump Strauss Hauer & Feld grew by 3.1 percent in 2018, directly in-line with head count growth, as other metrics came in flat.

Hinshaw’s New Chairman Seeks to Reverse Head Count, Revenue Declines

Peter Sullivan, Hinshaw’s new leader, wants to grow the firm in more practice areas and cities, after three years of revenue and head count declines.

BakerHostetler Sees Uptick in Revenue, Partner Profits

Revenue per lawyer dipped modestly, however, as the firm’s head count approaches 1,000 lawyers.

Partner Profits Outpace Revenue at Bracewell in ‘Outstanding’ 2018

Bracewell hit $300 million in revenue in 2018, while profits per equity partner jumped by 11.3 percent to $1.45 million.

Revenue, Profits on the Rise for Transatlantic Hogan Lovells

With revenue up but head count slightly down, CEO Steve Immelt said the firm had a strong year across key regions.

A ‘Different Firm,’ Pepper Hamilton Posts Declines in Revenue, Profits

The firm attributed the declines to right-sizing revenue with head count, citing an uptick in revenue per lawyer.

Best Best & Krieger Reports Strong Revenue Growth

The firm, which specializes in the representation of governments and public agencies, prospered in FY 2018.

Snell & Wilmer Reports Increase in Revenue, Profits

The mid-market law firm made modest gains with affordable services.

Nelson Mullins’ Tie-Up Boosts Revenue While Partner Profits Dip

The firm’s acquisition of a 150-lawyer Florida firm increased its size by almost a third, while the combination contributed to a decline in profits per equity partner.

Shearman & Sterling Reports Increase in Revenue, Profits

Profits per equity partner also increased, but the firm’s equity partnership declined 2.8 percent from a year earlier.

Gibson Dunn Posts Double-Digit Revenue Gain in 23rd Straight Year of Growth

“We look for sustained performance, not just wonderful years,” said chairman Ken Doran.

Strong LatAm, Private Equity Performances Push Up Profits for Greenberg Traurig

The firm’s Mexico City office had its best year to date.

Haynes and Boone Posts Record-Setting 2018 on Modest Gains

Haynes and Boone exceeded $400 million in gross revenue and $1 million in profits per equity partner for the first time in 2018.

Covington Surpasses $1 Billion in Revenue, Capping a Decade of Rapid Growth

Chairman Tim Hester said Covington & Burling has achieved “a real, fundamental shift in the firm’s competitive position” in the last 10 to 12 years.

Saul Ewing Sees Profits Grow in Integration Year

Revenue per lawyer and profits per equity partner both rose in the year after a merger with Arnstein & Lehr.

Cozen O’Connor Sees Revenue Outpace Profit Growth in Investment Year

The firm boosted revenue by nearly 14 percent in 2018, but profits rose more modestly amid spending on technology and talent.

Reed Smith Grows Revenue and Profits, Citing Strong Demand

The firm saw revenue grow 5 percent, while profits per equity partner increased by 7 percent.

After Retrenchment, Cadwalader Reverses Revenue Slide and Boosts Profits

Cadwalader saw its first firmwide revenue increase in several years despite a 13 percent drop in London.

King & Spalding Posts Double-Digit Revenue Increase to $1.26B

The firm’s profits per equity partner jumped to almost $2.85 million as it expanded head count.

Mandatory Budgets? At a Law Firm? You Have Got to Be … Thompson Hine

The Am Law 200 firm overcame internal resistance to a new budgeting tool, which it credits for a strong 2018 financial performance.

Holland & Knight Reports Increase in Revenue

Managing partner Steve Sonberg reflects on the past year and discusses the outlook for 2019.

Thompson & Knight Posts Big Profit Gains in 2018

Profits per equity partner at Dallas-based Thompson & Knight jumped 15.9 percent in 2018 compared with 2017.

Proskauer Nears $1B Revenue Mark as It Posts New Profit Highs

The firm saw gross revenue grow by 9.8 percent, while profits per equity partner jumped 12.4 percent.

Profits and Revenue Soar at Nixon Peabody

As its revenue surpassed a half-billion dollars for the first time, Nixon Peabody’s profits per partner surged to $1.5 million.

Goodwin Procter Sees Revenues Soar on Tech, Life Sciences Deals

Citing its private equity work for life sciences and technology clients, chairman David Hashmall says the firm has been focused on “the convergence of capital and innovation.”

Cooley Posts Double-Digit Revenue, Profit Growth in 2018

Cooley saw net income skyrocket 23.9 percent to $535.6 million as revenue surged 14.4 percent to $1.23 billion.

Sills Cummis & Gross Moves Up in Legal World With Strong 2018 Performance

The midmarket law firm has not yet broken into the Am Law 200 but that could change in the next few years if it continues its steady growth.

White & Case Breaks $2 Billion in Revenue as Profit Growth Continues

Since implementing a strategic five-year plan in 2015, the firm’s gross revenue has climbed 35 percent in just three years.

Locke Lord Grows Revenue, Profits in Turnaround Year

Revenue per lawyer hit $800,000 in 2018, and profits per equity partner topped the seven-figure mark.

Partner Profits Spike at McGuireWoods as Equity Partnership Grows

The firm fared particularly well in what’s shaping up to be a very good year for the Am Law 100.

Shutts & Bowen Posts 11 Percent Growth in Revenue and Profits Amid Increased Head Count

2018 marks the fifth straight year of growth for the Florida firm.

Pillsbury Hits Record High Revenue as Partner Profits Soar

Pillsbury Winthrop Shaw Pittman grew revenue by 9.6 percent, while profits per equity partner jumped 17.6 percent.

Fenwick & West Revenue Hits All-Time High Despite 2018 Defections

The Silicon Valley firm boosted its revenue by 14.6 percent to $429.69 million, while profits per equity partner grew by 20.2 percent to $1.82 million.