The Am Law Second Hundred is growing, but the gap is still widening

Above the Law’s summary of the Am Law 200 shows the Second Hundred with 6% revenue growth, average profits per equity partner of $1.21 million and average revenue per lawyer of $895,000. The important economics signal is not weakness, but relative constraint: lower rates and lower demand growth leave these firms with less compensation flexibility against the Am Law 100 talent machine.