In 2024, the legal industry witnessed a significant growth in the number of firms classified as 'Super Rich', with 41 firms achieving at least $1.1 million in revenue per lawyer and $550,000 in profits per lawyer. This trend is attributed to strong financial performances and increased demand across practice areas. Strategic adviser Kent Zimmermann highlighted the advantages larger firms have in talent acquisition. The list now includes both returning firms like Dechert and newcomers Cadwalader and Jenner & Block, without any firms dropping off the list.
Kent Zimmermann, a strategic adviser, noted that with strong financial performance and a competitive edge in attracting talent, the Super Rich list has grown to 41 firms.
In 2024, the Super Rich designation captures firms achieving at least $1.1 million in revenue per lawyer and $550,000 in profits per lawyer, showcasing their financial success.
The increase in Super Rich firms reflects a 'perfect storm' with rate increases coinciding with rising demand across multiple practice areas, leading to exceptional industry-wide performance.
This year, Dechert returns to the Super Rich list, alongside newcomers Cadwalader and Jenner & Block, indicating a dynamic legal landscape without any drop-offs in overall rankings.
Collection
[
|
...
]