Wednesday, June 29, 2005
The AmLaw 100
Bruce MacEwen has an early look at the complete AmLaw 100 for 2005, the list of last year's top-grossing firms. Five posted revenue in excess of $1 billion, the largest number ever.
I find it interesting that top-ranked Skadden earned $212 million more than number two Baker & McKenzie even though it has roughly half the number of lawyers -- 1,554 at Skadden compared to 2,992 at Baker. That means that, on a per-lawyer basis, Skadden's lawyers earned more than twice as much as Baker's lawyers -- $927,000 versus $410,000. The calculations for number three Latham & Watkins are more in line with Skadden -- earning $234 million less than Skadden with 52 fewer lawyers, for revenues per lawyer of $803,000. There must be more to this story than these numbers reveal.
posted by Robert Ambrogi @ 8:34 AM,
2 Comments:
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At 12:04 PM,
said...
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Is it possible that this is because Baker is in smaller markets, and has to charge less for their services?
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At 6:41 PM,
Ben Qiu said...
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I heard B&M is more of franchise style and has a tradition of pursuing emerging markets. Could that be why?
