Drum roll please…. ALM (formerly American Lawyer Media) will soon release the AmLaw top law firm ratings for 2004. Read on for a preview.
Five Am Law 200 firms posted gross revenue in excess of $1 billion in 2004, the largest number ever. The preview of the top 10 firms is here. ALM has provided the preview to this and other blogs in its blogging network.
Some quick (and unrelated observations):
1. Though it may be big news in the legal market that five firms now generate annual revenue greater than $1 billion, that level is relatively small still by corporate standards.
2. To the best of my knowledge, recent mergers have not changed the top-10 rankings. A couple of firms in the top 10 did merge – Sidley Austin with Brown & Wood; Mayer Brown with Rowe & Maw – but that was a couple of years or more ago if memory serves.
3. Anecdotally, I would say that all of the top 10 firms have decent or better technology. I am not sure that would have been true 5 or 10 years ago.