Surveys

Overview

ALM's definitive ranking of America's top 200 revenue grossing law firms. The Am Law 200, which is published annually in the month of June, includes:

* Gross revenue, rank by gross revenue
* Rank by gross revenue for prior year
* Revenue per lawyer, rank by revenue per lawyer
* Profits per partner, rank by profits per partner
* Profits per partner for prior year
* Net operating income
* Compensation average for all partners, rank by compensation average all partners
* Profitability index
* Number of lawyers
* Number of equity partners
* Contact information, including address, phone, fax, Web site address

Beginning in 2005, the report was expanded to include Value per Lawyer. This figure is calculated by dividing the combined compensation of all partners by the total number of lawyers. That figure is then divided by $10 million to calculate how many lawyers it takes to generate that amount. As a result, the survey now includes the following new data points:

* Rank by Value per Lawyer
* CAP divided by number of lawyers
* Lawyers needed to generate $10 Million

Methodology/Sources:

The Am Law 200 is reported by staff members at ALM's publications throughout the United States, including The American Lawyer, the Connecticut Law Tribune, Daily Business Review (Miami), Fulton County Daily Report (Atlanta), The Legal Intelligencer (Philadelphia), Legal Times (Washington, D.C.), New Jersey Law Journal, New York Law Journal, The Recorder (San Francisco), and Texas Lawyer.

Most law firms provide their financials voluntarily for this report. Some refuse to cooperate, so reporters call partners and calculate revenue and profits. But all data--whether it comes officially from the firm or not--is investigated by the reporters. In the event that an error in reporting is discovered, The American Lawyer will correct the numbers and base the percentage changes in future years on restated num