HOW THE SECOND HUNDRED STACKS UP
WE RANK ALL AM LAW 200 FIRMS in each of the metrics below, but
while Am Law 100 firms dominate the top 20 lists, there are a few Second Hundred firms (in boldface) that measure up. Cahill Gordon &
Reindel, Irell & Manella, and Munger, Tolles & Olson are in the top
ten in one or more of these categories.
2009 REVENUE PER LAWYER
RANK
BY RPL
FIRM
2009
RPL
CHANGE IN RPL
from 2008
1
2
3
4
4
6
7
8
9
10
11
Wachtell
Sullivan & Cromwell
Irell & Manella
Boies, Schiller
Davis Polk
Williams & Connolly
Cravath
Skadden
Milbank, Tweed
Simpson Thacher
Munger, Tolles
$2,530,000
$1,420,000
$1,275,000
$1,235,000
$1,235,000
$1,215,000
$1,190,000
$1,130,000
$1,125,000
$1, 105,000
$1, 100,000
3.1%
- 4.1%
9.4%
4.7%
2.1%
4.3%
-1.7%
2.3%
5.1%
- 2.2%
- 6.0%
2009 PROFITS PER PARTNER
RANK
BY PPP
FIRM
2009
PPP
CHANGE IN PPP
from 2008
1
2
3
4
5
6
7
8
9
10
Wachtell
Quinn Emanuel
Sullivan & Cromwell
Boies, Schiller
Cravath
Paul, Weiss
Cahill Gordon
Kirkland & Ellis
Irell & Manella
Simpson Thacher
$4,300,000
$3,130,000
$2,965,000
$2,880,000
$2,715,000
$2,690,000
$2,535,000
$2,495,000
$2,490,000
$2,415,000
7.2%
- 6.1%
0.9%
- 6.0%
7.7%
1.3%
19.6%
1.0%
27.0%
- 2.4%
2009 VALUE PER LAWYER
RANK
B Y VPL
FIRM
2009 CAP
Divided by of Lawyers
LAWYERS NEEDED
to Generate $10M
1
2
3
3
5
6
6
8
9
10
11
Wachtell
Irell & Manella
Quinn Emanuel
Sullivan & Cromwell
Munger, Tolles
Cahill Gordon
Kirkland & Ellis
Boies, Schiller
Gibson, Dunn
Milbank, Tweed
Simpson Thacher
$1,600,000
$810,000
$705,000
$705,000
$635,000
$580,000
$580,000
$575,000
$565,000
$555,000
$545,000
6. 25
12. 35
14. 18
14. 18
15. 75
17. 24
17. 24
17. 39
17. 70
18.02
Revenue per lawyer is gross revenue divided by the number of lawyers. Profits per partner is net operating income divided by the number
of equity partners. Value per lawyer is calculated by dividing the compensation–all partners by the total number of lawyers. For more details
and full charts, see our methodology online at americanlawyer.com.
RANK
B Y RPL
FIRM
2009
RPL
CHANGE IN RPL
from 2008
12
13
14
15
15
15
18
19
20
20
20
20
Quinn Emanuel
Paul, Weiss
Weil, Gotshal
Gibson, Dunn
Kirkland & Ellis
Wilmer
Cadwalader
Schulte Roth
Akin Gump
Fish & Richardson
Hughes Hubbard
Proskauer Rose
$1,055,000
$1,020,000
$1,015,000
$1,010,000
$1,010,000
$1,010,000
$1,000,000
$995,000
$990,000
$990,000
$990,000
$990,000
- 4.5%
- 4.7%
-1.9%
- 2.4%
- 3.8%
-1.5%
3.6%
2.6%
2.6%
11.2%
4.8%
8.2%
RANK
BY PPP
FIRM
2009
PPP
CHANGE IN PPP
from 2008
11
12
13
14
15
16
17
18
19
20
Cadwalader
Cleary Gottlieb
Weil, Gotshal
Milbank, Tweed
Skadden
Schulte Roth
Davis Polk
Kasowitz, Benson
Willkie Farr
Dechert
$2,410,000
$2,385,000
$2,315,000
$2,230,000
$2,160,000
$2,130,000
$2,090,000
$2,080,000
$2,005,000
$1,960,000
27.9%
-0.6%
1.8%
5.4%
4.6%
- 7.0%
9.7%
- 6.1%
- 5.2%
- 8.6%
RANK
BY VPL
FIRM
2009 CAP
Divided by of Lawyers
LAWYERS NEEDED
to Generate $10M
12
12
14
15
16
17
17
19
20
20
Cravath
Williams & Connolly
Davis Polk
Skadden
Latham & Watkins
McDermott Will
Paul, Weiss
Gardere Wynne
Cleary Gottlieb
Weil, Gotshal
$525,000
$525,000
$515,000
$505,000
$490,000
$480,000
$480,000
$470,000
$460,000
$460,000
19.05
19.05
19. 42
19. 80
20. 41
20. 83
20. 83
21. 28
21. 74
