For the Am Law 200, 2021 was an anomaly. In a short-term sense, broad-based demand increases drove the best year in revenue and profits since the financial crisis. Gross revenue rose 9.1% as the group's total head count grew by 1.3%.
How Will the Am Law 200 Use Their 2021 Profits?
While nobody seems to think that the current inflationary period constitutes the new normal for the Am Law 200, the sustained demand has helped firms smooth out some of the challenges that will become sharper when there isn't as much legal work to go around.
By
Dan Roe
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