Is Your Firm Among the 13%?

Emulating the Fastest-Growing Firms in the New Legal World -

The November 2014 issue of The American Lawyer headlined with an engrossing article by Aric Press entitled “BigLaw’s Reality Check.” In addition to covering critical shifts in the legal landscape, the author singled out elite law firm performers – those with more than $1M in Revenue per Lawyer (RPL) and $2M in Profits per Equity Partner (PPEP) in 2013 – who Press dubbed the “Superrich.” In this article, Press demonstrated how these firms are pulling away from the pack. Press’s analysis first split the AmLaw 200 into four segments based on 2013 financials – one group each for those above or below the defined RPL and PPEP thresholds – then evaluated how each of these groups, on average, compared to the group’s performance in 2008. The Superrich fared very well and better than the other segments.