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A few thoughts about the AmLaw 100 financial reports, which came out today: law.com/americanlawyer…
First things first: I'm delighted for the law firms that had a banner 2017. Really. Revenue and profit growth in a buyer's market are reliable metrics of good work and value delivered. These firms deserve credit for running good businesses and serving their clients well.
Keep in mind also that the AmLaw 100 is not most law firms, and neither is the soon-to-be-covered AmLaw 200. These are very large organizations serving even larger companies in major urban centers in a growing economy. The physics are different here than in other markets.
