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Hoteling Here to Stay As Law Firms Return to the Office
2020 was a record-breaking year. Revenue for the Am Law 100 grew by 6.6% and 1.1% in the Am Law 200, respectively, and profits per equity partner were up 8.8% for the Am law 200 and 13.4% for the Am Law 100 (per American Lawyer Am Law 100 Reporting).
These numbers beat 2019 by a factor of 2 (2+ for Am Law 100 and just under 2 for the Am Law 200). Ibid. That's extraordinary. But even more extraordinary is the fact that this was achieved during a time period when law firm offices were closed, and work was being performed at home.
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