Friday, April 20, 2007 6:31 AM
Under the title, International ambition drives as US top 50 rakes in $40bn in 2006, Legal Week has published it Top 50 US Law Firms list. Here is a pdf of the Top 50:
US Top 50
A few bullet points clipped from the article:
- The US’ top 50 law firms have posted their fourth successive year of double-digit increases in revenue and partner profits, yet still look set to lag behind their key European rivals in terms of growth this year.
- Legal Week’s annual table of the top 50 US firms, the first comprehensive financial picture of the world’s biggest legal market in 2006, shows top 50 firms grew income by an average of 12.2% in 2006, while profits per equity partner (PEP) rose 11.4%.
- Internationally-committed firms were among the strongest performers, with Dechert, Jones Day and Fried Frank Harris Shriver & Jacobson experiencing the strongest profits growth
- The results also demonstrate the depth of the US legal market. The 50th-ranked firm, Chicago’s Sonnenschein Nath & Rosenthal, would be placed 10th in revenue terms in the UK’s top 50 league.
- However, growth rates look set to pale in comparison to those at the top UK firms, which are preparing for a bumper rise in turnover following a busy year of cross-border transactions in Europe. UK firms also managed a stronger rise than US firms in the last financial year, when the UK top 50 firms’ turnover rose by 13.1% and PEP rose by 19%.
You can read the full article and related analysis here, International ambition drives as US top 50 rakes in $40bn in 2006.