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TO LEADING LAW FIRMS

THE AM LAW 100/200THE GLOBAL 100

THE A-LISTCORPORATE SCORECARD

ZEUGHAUSER GROUP’S 2016 POCKET GUIDE TO THE AMERICAN LAWYER RANKINGS

Dear Clients and Other Friends:

We are delighted to present you with the ZGuide to the

2016 Am Law 200 and 2015 Global 100. In our prefatory

letter to last year’s guide, we noted that the complexion

of the firms comprising Am Law lists was as much “back

to the future” as it was the “new normal.” This certainly

has not changed. Measured by the key financial metrics,

an elite 10 percent are massed in New York City and/or

in London, nearly all of them predominantly corporate.

The “nifty fifty” in the next tier are highly successful

full-service corporate firms anxious about sustaining

and enhancing their ability to compete for top clients,

work, and talent. The balance: a mixed bag of strong

and challenged practices.

But evidence of the restructuring of the legal industry

continued to mount over the past year. Most strikingly,

the GC of one of the industry’s most demanding

discounters, Wal-Mart, widely applauded the $2,000-an-

hour rates of a top-ten-percent law firm, while another

GC squealed and demanded 35% discounts from his

select group of providers, in essence demanding that

they work for free! Just a few months later, industry

leader Cravath, always concerned that the best and

• ZGuide •

• ZGuide •

the brightest might find careers in investment banking

more attractive than law, led the industry with a

dramatic pay bump for associates, capping a ten-fold

increase in starting pay over the past 40 years.

More change lies ahead for Big Law. Brexit may upend

the New York/London financial axis, complicating and

increasing the cost of vexing strategy choices for growing

international firms. A group of leading indigenous

Chinese firms already dominating the market for high-

end legal work in China are positioning themselves to

debut in international markets. We seem to be at an

impending tipping point in artificial intelligence that

portends material changes in the leverage model and

the skill sets needed to succeed in Big Law. Although

there were no ground-breaking mergers in 2015, the

cacophony of mating calls in Big Law is louder and

more persistent than ever.

In each year’s ZGuide, we espouse our belief that

market leadership is an imperative not just for success,

but for sustainability, and that relentless focus on

being at the top will be the only solve for surviving the

legal industry’s crucible of change. We also reiterate

the imperative of surpassing the expectations of

increasingly sophisticated and demanding clients while

maintaining high levels of profitability. We underscore

those imperatives again here. For firms that achieve

market leadership, the opportunities remain boundless.

In 2016 we are evermore grateful to our clients, the

many Am Law 200 and Global 100 firms that participate

in our Chair, COO, and CMO Roundtables, and our many

other friends in the industry for their interest in and

enduring support of our work. We also want to express

• ZGuide •

our gratitude for their extraordinary contributions of

time and money to pro bono representations and to

their communities across the globe. You inspire us. We

join all of you in your belief that these contributions

are essential underpinnings of your success and the

success of the legal system we cherish.

We look forward to working with you in choosing,

achieving, and sustaining market leadership!

Sincerely,

Ron Beard R. Bruce McLean

Norm Rubenstein Jack Walker

Mary K Young Peter Zeughauser

Kent Zimmermann Lonnie Zwerin

© ALM Media Properties, LLC and Zeughauser Group, LLC

Chart information reprinted with permission from the May, June, August 2016, and October 2015 issues of The American Lawyer (The Am Law 100, The Am Law 200, The A-List, and The Global 100. Corporate Scorecard information comes from americanlawyer.com, and was published online in April 2016.

© 2015 and 2016 ALM Media Properties, LLC

• ZGuide •

ZGuide • 1

MethodologyThe Am Law 200, The A-List . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

The Am Law 200

Ranked by Profits Per Equity Partner . . . . . . . . . . . . . . . . . . 4

The Am Law 200Ranked by Value Per Lawyer . . . . . . . . . . . . . . . . . . . . . . . . . . 24

Methodology

The Global 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

The Global 100Ranked by Profits Per Equity Partner . . . . . . . . . . . . . . . 36

MethodologyThe Corporate Scorecard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

The Corporate ScorecardMergers and Acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48Buyouts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48U.S. IPOs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49Non-U.S. IPOs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49Equities by U.S. Corporations . . . . . . . . . . . . . . . . . . . . . . . . 50Equities by Non-U.S. Corporations . . . . . . . . . . . . . . . . . 50Investment-Grade Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51High-Yield Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51Asset-Backed Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51Mortgage-Backed Securities . . . . . . . . . . . . . . . . . . . . . . . . . . 52Municipal Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52Project Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52REIT Equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53REIT Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53

Law Firm Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

Table of Contents

Methodology

2 • ZGuide

The Am Law 200

The Am Law 200 is reported by ALM publications throughout the United States, including The American Lawyer, the Connecticut Law Tribune, the Daily Business Review (Miami), the Daily Report (Atlanta), The Legal Intelligencer (Philadelphia), The National Law Journal/Legal Times, the New Jersey Law Journal, The Recorder (San Francisco), and Texas Lawyer.

Most law firms provide their financials voluntarily for this report, but all data, whether it comes officially from the firm or not, is investigated by reporters.

DefinitionsGross revenue is fee income from legal work only. It does not include disbursements or income from nonlegal ancillary businesses. Net is compensation paid to equity partners.

Equity partners are those who receive no more than half their compensation on a fixed-income basis. Nonequity partners are those who receive more than half their compensation on a fixed-income basis. Retired partners and of counsel are not counted as partners.

Lawyer numbers are full-time-equivalent figures for the 2015 calendar year taken from The National Law Journal ’s most recent NLJ 350 survey. Temporary and contract attorneys are not included.

Calculations• Gross Revenue is rounded to the nearest $500,000. • Profits Per Equity Partner, Revenue Per Lawyer, and

Compensation Average, All Partners are rounded to the nearest $5,000.

ZGuide • 3

Methodology• Profits Per Equity Partner (PPEP) is calculated by dividing

net operating income by the number of equity partners. • Revenue Per Lawyer (RPL) is the gross revenue divided by

the total number of lawyers.• Compensation Average, All Partners, is the net operat-

ing income plus the fixed-income compensation paid to nonequity partners, divided by the total number of partners, both equity and nonequity.

• Value Per Lawyer (VPL) is the compensation–all partners divided by the total number of lawyers. That number is then divided into $10 million to determine how many lawyers it takes to generate that amount.

Location of FirmsSome firms are identified as “international” or “national,” rather than identifying them by city, according to the distribution of their lawyers. International firms are those with 40 percent or more of their lawyers outside the United States. National firms are those with no more than 45 percent of their lawyers located in any single region of the U.S.

Vereins are broken out separately on the charts because their organizational structure, particularly regarding profit sharing among offices, differs significantly from traditionally structured Am Law firms.

The A-ListThe A-List, comprised of just 20 firms, is determined by rankings in four surveys — The American Lawyer’s Revenue Per Lawyer (from the Am Law 200), Pro Bono, and Midlevel Associate Surveys, and the Minority Law Journal ’s Diversity Scorecard. To determine each firm’s score, points are doubled for both Revenue Per Lawyer and Pro Bono rankings and then added to the scores for the Midlevel Associate Survey and Diversity Scorecard rankings.

Additional information about the A-List is available on americanlawyer.com and in the August 2016 issue of The American Lawyer. u

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FirmLawyers, Partners, Location

Profits Per Equity Partner

Gross Revenue Am

Law

200 R

ank

Revenue Per

Lawyer RPL R

ank

Compensation Average,

All Partners

1 1 Wachtell, Lipton, Rosen & Katz 261 Lawyers, 84 Equity Partners, New York $6,600,000 $831,500,000 37 $3,185,000 1 $6,600,000

2 2 Quinn Emanuel Urquhart & Sullivan 674 Lawyers, 156 Equity Partners, National $4,420,000 $1,042,500,000 26 $1,545,000 4 $3,515,000

3 3 Paul, Weiss, Rifkind, Wharton & Garrison 949 Lawyers, 140 Equity Partners, New York $4,085,000 $1,109,500,000 22 $1,170,000 23 $4,085,000

4 4 Sullivan & Cromwell 792 Lawyers, 168 Equity Partners, New York $3,870,000 $1,314,000,000 15 $1,660,000 2 $3,870,000

5 7 Kirkland & Ellis 1,619 Lawyers, 351 Equity Partners, National

$3,605,000 $2,305,000,000 5 $1,425,000 6 $1,935,000

6 9 Cravath, Swaine & Moore 472 Lawyers, 90 Equity Partners, New York $3,555,000 $666,500,000 50 $1,410,000 7 $3,515,000

7 8 Simpson Thacher & Bartlett 961 Lawyers, 187 Equity Partners, New York $3,470,000 $1,278,000,000 16 $1,330,000 8 $3,470,000

8 6 Cahill Gordon & Reindel 312 Lawyers, 62 Equity Partners, New York $3,360,000 $364,500,000 85 $1,170,000 23 $3,010,000

9 10 Davis Polk & Wardwell 894 Lawyers, 153 Equity Partners, New York $3,305,000 $1,100,000,000 23 $1,230,000 16 $3,305,000

10 5 Irell & Manella 126 Lawyers, 39 Equity Partners, Los Angeles

$3,205,000 $200,000,000 145 $1,590,000 3 $3,205,000

11 12 Gibson, Dunn & Crutcher 1,212 Lawyers, 297 Equity Partners, National

$3,185,000 $1,535,500,000 11 $1,265,000 11 $2,860,000

12 14 Skadden, Arps, Slate, Meagher & Flom 1,677 Lawyers, 375 Equity Partners, National

$3,125,000 $2,410,000,000 4 $1,435,000 5 $3,125,000

13 13 Boies, Schiller & Flexner 300 Lawyers, 47 Equity Partners, National $3,085,000 $380,000,000 83 $1,265,000 11 $1,625,000

14 11 Cleary Gottlieb Steen & Hamilton 1,203 Lawyers, 189 Equity Partners, International

$3,080,000 $1,212,500,000 18 $1,010,000 47 $3,080,000

15 15 Latham & Watkins 2,177 Lawyers, 454 Equity Partners, National

$2,905,000 $2,650,000,000 1 $1,215,000 19 $2,370,000

16 17 Milbank, Tweed, Hadley & McCloy 649 Lawyers, 146 Equity Partners, New York

$2,765,000 $771,000,000 40 $1,190,000 21 $2,625,000

17 20 Debevoise & Plimpton 615 Lawyers, 134 Equity Partners, New York

$2,625,000 $757,000,000 41 $1,230,000 16 $2,625,000

18 16 BuckleySandler 144 Lawyers, 34 Equity Partners, Washington, DC

$2,615,000 $145,500,000 170 $1,010,000 47 $2,615,000

19 18 Willkie Farr & Gallagher 570 Lawyers, 140 Equity Partners, New York

$2,605,000 $658,000,000 51 $1,155,000 27 $2,605,000

20 19 Weil, Gotshal & Manges 1,063 Lawyers, 164 Equity Partners, National $2,520,000 $1,164,000,000 19 $1,095,000 31 $1,880,000

4 • ZGuide

The Am Law 200The Largest Firms in the U.S., Ranked By Profits Per Equity Partner

ZGuide • 5

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Gross Revenue Am

Law

200 R

ank

Revenue Per

Lawyer RPL R

ank


All Partners

1 1 Wachtell, Lipton, Rosen & Katz 261 Lawyers, 84 Equity Partners, New York $6,600,000 $831,500,000 37 $3,185,000 1 $6,600,000

2 2 Quinn Emanuel Urquhart & Sullivan 674 Lawyers, 156 Equity Partners, National $4,420,000 $1,042,500,000 26 $1,545,000 4 $3,515,000

3 3 Paul, Weiss, Rifkind, Wharton & Garrison 949 Lawyers, 140 Equity Partners, New York $4,085,000 $1,109,500,000 22 $1,170,000 23 $4,085,000

4 4 Sullivan & Cromwell 792 Lawyers, 168 Equity Partners, New York $3,870,000 $1,314,000,000 15 $1,660,000 2 $3,870,000

5 7 Kirkland & Ellis 1,619 Lawyers, 351 Equity Partners, National

$3,605,000 $2,305,000,000 5 $1,425,000 6 $1,935,000

6 9 Cravath, Swaine & Moore 472 Lawyers, 90 Equity Partners, New York $3,555,000 $666,500,000 50 $1,410,000 7 $3,515,000

7 8 Simpson Thacher & Bartlett 961 Lawyers, 187 Equity Partners, New York $3,470,000 $1,278,000,000 16 $1,330,000 8 $3,470,000

8 6 Cahill Gordon & Reindel 312 Lawyers, 62 Equity Partners, New York $3,360,000 $364,500,000 85 $1,170,000 23 $3,010,000

9 10 Davis Polk & Wardwell 894 Lawyers, 153 Equity Partners, New York $3,305,000 $1,100,000,000 23 $1,230,000 16 $3,305,000

10 5 Irell & Manella 126 Lawyers, 39 Equity Partners, Los Angeles

$3,205,000 $200,000,000 145 $1,590,000 3 $3,205,000

11 12 Gibson, Dunn & Crutcher 1,212 Lawyers, 297 Equity Partners, National

$3,185,000 $1,535,500,000 11 $1,265,000 11 $2,860,000

12 14 Skadden, Arps, Slate, Meagher & Flom 1,677 Lawyers, 375 Equity Partners, National

$3,125,000 $2,410,000,000 4 $1,435,000 5 $3,125,000

13 13 Boies, Schiller & Flexner 300 Lawyers, 47 Equity Partners, National $3,085,000 $380,000,000 83 $1,265,000 11 $1,625,000

14 11 Cleary Gottlieb Steen & Hamilton 1,203 Lawyers, 189 Equity Partners, International

$3,080,000 $1,212,500,000 18 $1,010,000 47 $3,080,000

15 15 Latham & Watkins 2,177 Lawyers, 454 Equity Partners, National

$2,905,000 $2,650,000,000 1 $1,215,000 19 $2,370,000

16 17 Milbank, Tweed, Hadley & McCloy 649 Lawyers, 146 Equity Partners, New York

$2,765,000 $771,000,000 40 $1,190,000 21 $2,625,000

17 20 Debevoise & Plimpton 615 Lawyers, 134 Equity Partners, New York

$2,625,000 $757,000,000 41 $1,230,000 16 $2,625,000

18 16 BuckleySandler 144 Lawyers, 34 Equity Partners, Washington, DC

$2,615,000 $145,500,000 170 $1,010,000 47 $2,615,000

19 18 Willkie Farr & Gallagher 570 Lawyers, 140 Equity Partners, New York

$2,605,000 $658,000,000 51 $1,155,000 27 $2,605,000

20 19 Weil, Gotshal & Manges 1,063 Lawyers, 164 Equity Partners, National $2,520,000 $1,164,000,000 19 $1,095,000 31 $1,880,000

Names of firms ranked 101 to 200 on The Am Law 200 are in bold. Firms noted with a star () are on The American Lawyer's “A-List.” (See the methodology on pages 2 and 3.)

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Gross Revenue Am

Law

200 R

ank

Revenue Per

Lawyer RPL R

ank


All Partners

21 22 King & Spalding 936 Lawyers, 178 Equity Partners, National $2,515,000 $1,018,500,000 27 $1,090,000 34 $1,510,000

22 23 Dechert 884 Lawyers, 163 Equity Partners, National $2,510,000 $890,000,000 34 $1,005,000 50 $1,695,000

23 21 Paul Hastings 912 Lawyers, 195 Equity Partners, National

$2,505,000 $1,056,500,000 25 $1,160,000 26 $2,045,000

24 23 Schulte Roth & Zabel 355 Lawyers, 85 Equity Partners, New York $2,330,000 $405,500,000 78 $1,140,000 29 $2,330,000

25 33 Wilson Sonsini Goodrich & Rosati 698 Lawyers, 132 Equity Partners, Palo Alto $2,215,000 $735,000,000 45 $1,055,000 38 $1,860,000

26 38 Fried, Frank, Harris, Shriver & Jacobson 412 Lawyers, 104 Equity Partners, New York $2,205,000 $504,500,000 64 $1,225,000 18 $1,930,000

27 27 Proskauer Rose 701 Lawyers, 169 Equity Partners, New York $2,150,000 $822,500,000 38 $1,175,000 22 $1,780,000

28 29 Sidley Austin 1,779 Lawyers, 342 Equity Partners, National $2,065,000 $1,867,000,000 7 $1,050,000 40 $1,360,000

29 25 Cadwalader, Wickersham & Taft 448 Lawyers, 47 Equity Partners, New York $2,060,000 $463,500,000 70 $1,035,000 43 $1,500,000

30 28 White & Case 1,914 Lawyers, 287 Equity Partners, International $2,020,000 $1,523,500,000 12 $795,000 86 $1,500,000

31 31 Ropes & Gray 1,106 Lawyers, 282 Equity Partners, National

$2,015,000 $1,390,000,000 13 $1,255,000 14 $2,015,000

32 41 Goodwin Procter 790 Lawyers, 195 Equity Partners, Boston $1,990,000 $865,500,000 35 $1,095,000 31 $1,455,000

33 36 Akin Gump Strauss Hauer & Feld 851 Lawyers, 210 Equity Partners, National

$1,915,000 $930,000,000 29 $1,095,000 31 $1,485,000

34 40 Choate Hall & Stewart 160 Lawyers, 59 Equity Partners, Boston

$1,910,000 $202,500,000 143 $1,265,000 11 $1,470,000

35 26 Hughes Hubbard & Reed 316 Lawyers, 74 Equity Partners, New York $1,905,000 $361,500,000 90 $1,145,000 28 $1,675,000

36 42 Cooley 801 Lawyers, 196 Equity Partners, Palo Alto $1,885,000 $912,000,000 32 $1,140,000 29 $1,520,000

36 32 Vinson & Elkins 608 Lawyers, 145 Equity Partners, Houston $1,885,000 $627,500,000 55 $1,030,000 44 $1,545,000

38 33 Munger, Tolles & Olson 202 Lawyers, 86 Equity Partners, Los Angeles

$1,865,000 $261,000,000 118 $1,290,000 10 $1,865,000

39 37 Fragomen, Del Rey, Bernsen & Loewy 519 Lawyers, 64 Equity Partners, International $1,850,000 $494,000,000 65 $950,000 58 $1,315,000

40 30 Kasowitz, Benson, Torres & Friedman 282 Lawyers, 44 Equity Partners, New York

$1,845,000 $234,500,000 127 $830,000 76 $1,110,000

6 • ZGuide


ZGuide • 7

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Gross Revenue Am

Law

200 R

ank

Revenue Per

Lawyer RPL R

ank


All Partners

21 22 King & Spalding 936 Lawyers, 178 Equity Partners, National $2,515,000 $1,018,500,000 27 $1,090,000 34 $1,510,000

22 23 Dechert 884 Lawyers, 163 Equity Partners, National $2,510,000 $890,000,000 34 $1,005,000 50 $1,695,000

23 21 Paul Hastings 912 Lawyers, 195 Equity Partners, National

$2,505,000 $1,056,500,000 25 $1,160,000 26 $2,045,000

24 23 Schulte Roth & Zabel 355 Lawyers, 85 Equity Partners, New York $2,330,000 $405,500,000 78 $1,140,000 29 $2,330,000

25 33 Wilson Sonsini Goodrich & Rosati 698 Lawyers, 132 Equity Partners, Palo Alto $2,215,000 $735,000,000 45 $1,055,000 38 $1,860,000

26 38 Fried, Frank, Harris, Shriver & Jacobson 412 Lawyers, 104 Equity Partners, New York $2,205,000 $504,500,000 64 $1,225,000 18 $1,930,000

27 27 Proskauer Rose 701 Lawyers, 169 Equity Partners, New York $2,150,000 $822,500,000 38 $1,175,000 22 $1,780,000

28 29 Sidley Austin 1,779 Lawyers, 342 Equity Partners, National $2,065,000 $1,867,000,000 7 $1,050,000 40 $1,360,000

29 25 Cadwalader, Wickersham & Taft 448 Lawyers, 47 Equity Partners, New York $2,060,000 $463,500,000 70 $1,035,000 43 $1,500,000

30 28 White & Case 1,914 Lawyers, 287 Equity Partners, International $2,020,000 $1,523,500,000 12 $795,000 86 $1,500,000

31 31 Ropes & Gray 1,106 Lawyers, 282 Equity Partners, National

$2,015,000 $1,390,000,000 13 $1,255,000 14 $2,015,000

32 41 Goodwin Procter 790 Lawyers, 195 Equity Partners, Boston $1,990,000 $865,500,000 35 $1,095,000 31 $1,455,000

33 36 Akin Gump Strauss Hauer & Feld 851 Lawyers, 210 Equity Partners, National

$1,915,000 $930,000,000 29 $1,095,000 31 $1,485,000

34 40 Choate Hall & Stewart 160 Lawyers, 59 Equity Partners, Boston

$1,910,000 $202,500,000 143 $1,265,000 11 $1,470,000

35 26 Hughes Hubbard & Reed 316 Lawyers, 74 Equity Partners, New York $1,905,000 $361,500,000 90 $1,145,000 28 $1,675,000

36 42 Cooley 801 Lawyers, 196 Equity Partners, Palo Alto $1,885,000 $912,000,000 32 $1,140,000 29 $1,520,000

36 32 Vinson & Elkins 608 Lawyers, 145 Equity Partners, Houston $1,885,000 $627,500,000 55 $1,030,000 44 $1,545,000

38 33 Munger, Tolles & Olson 202 Lawyers, 86 Equity Partners, Los Angeles

$1,865,000 $261,000,000 118 $1,290,000 10 $1,865,000

39 37 Fragomen, Del Rey, Bernsen & Loewy 519 Lawyers, 64 Equity Partners, International $1,850,000 $494,000,000 65 $950,000 58 $1,315,000

40 30 Kasowitz, Benson, Torres & Friedman 282 Lawyers, 44 Equity Partners, New York

$1,845,000 $234,500,000 127 $830,000 76 $1,110,000

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Gross Revenue Am

Law

200 R

ank

Revenue Per

Lawyer RPL R

ank Compensation

Average, All Partners

41 35 Shearman & Sterling 839 Lawyers, 162 Equity Partners, International $1,835,000 $860,500,000 36 $1,025,000 45 $1,675,000

42 38 Kramer Levin Naftalis & Frankel 315 Lawyers, 68 Equity Partners, New York $1,830,000 $332,000,000 100 $1,050,000 40 $1,545,000

43 50 Wilmer Cutler Pickering Hale and Dorr 907 Lawyers, 280 Equity Partners, National

$1,810,000 $1,140,000,000 20 $1,255,000 14 $1,810,000

44 43 Baker Botts 699 Lawyers, 167 Equity Partners, Houston $1,805,000 $704,500,000 46 $1,010,000 47 $1,330,000

44 44 Winston & Strawn 808 Lawyers, 146 Equity Partners, National $1,805,000 $818,500,000 39 $1,015,000 46 $1,110,000

46 51 Orrick, Herrington & Sutcliffe 916 Lawyers, 128 Equity Partners, National

$1,790,000 $913,000,000 31 $995,000 52 $1,150,000

47 51 O'Melveny & Myers 634 Lawyers, 170 Equity Partners, Los Angeles

$1,760,000 $689,500,000 47 $1,085,000 35 $1,700,000

48 53 Alston & Bird 752 Lawyers, 142 Equity Partners, Atlanta $1,745,000 $688,000,000 48 $915,000 64 $1,025,000

49 47 Jenner & Block 436 Lawyers, 114 Equity Partners, Chicago

$1,720,000 $465,000,000 69 $1,065,000 36 $1,225,000

50 45 Jeffer Mangels Butler & Mitchell 128 Lawyers, 38 Equity Partners, Los Angeles

$1,685,000 $105,500,000 186 $825,000 77 $1,050,000

51 54 Fenwick & West 303 Lawyers, 87 Equity Partners, Mountain View, CA $1,620,000 $363,500,000 87 $1,200,000 20 $1,495,000

51 46 Patterson Belknap Webb & Tyler 176 Lawyers, 46 Equity Partners, New York

$1,620,000 $187,500,000 149 $1,065,000 36 $1,615,000

53 55 McDermott Will & Emery 981 Lawyers, 195 Equity Partners, National $1,580,000 $891,500,000 33 $910,000 66 $875,000

54 58 DLA Piper 1

3,756 Lawyers, 386 Equity Partners, Verein $1,570,000 $2,543,000,000 2 $675,000 122 $825,000

55 66 Lowenstein Sandler 276 Lawyers, 52 Equity Partners, Roseland, NJ

$1,560,000 $252,000,000 122 $915,000 64 $1,025,000

55 59 Mayer Brown 1,507 Lawyers, 286 Equity Partners, International $1,560,000 $1,257,000,000 17 $835,000 75 $890,000

55 56 Williams & Connolly 304 Lawyers, 117 Equity Partners, Washington, DC $1,560,000 $403,000,000 79 $1,325,000 9 $1,560,000

58 61 Morrison & Foerster 941 Lawyers, 242 Equity Partners, National

$1,555,000 $979,500,000 28 $1,040,000 42 $1,315,000

59 48 Morgan, Lewis & Bockius 1,880 Lawyers, 520 Equity Partners, National $1,530,000 $1,844,000,000 8 $980,000 54 $1,280,000

60 63 Katten Muchin Rosenman 623 Lawyers, 149 Equity Partners, National $1,510,000 $561,500,000 59 $900,000 68 $925,000

8 • ZGuide


ZGuide • 9

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Revenue Per

Lawyer RPL R

ank Compensation

Average, All Partners

41 35 Shearman & Sterling 839 Lawyers, 162 Equity Partners, International $1,835,000 $860,500,000 36 $1,025,000 45 $1,675,000

42 38 Kramer Levin Naftalis & Frankel 315 Lawyers, 68 Equity Partners, New York $1,830,000 $332,000,000 100 $1,050,000 40 $1,545,000

43 50 Wilmer Cutler Pickering Hale and Dorr 907 Lawyers, 280 Equity Partners, National

$1,810,000 $1,140,000,000 20 $1,255,000 14 $1,810,000

44 43 Baker Botts 699 Lawyers, 167 Equity Partners, Houston $1,805,000 $704,500,000 46 $1,010,000 47 $1,330,000

44 44 Winston & Strawn 808 Lawyers, 146 Equity Partners, National $1,805,000 $818,500,000 39 $1,015,000 46 $1,110,000

46 51 Orrick, Herrington & Sutcliffe 916 Lawyers, 128 Equity Partners, National

$1,790,000 $913,000,000 31 $995,000 52 $1,150,000

47 51 O'Melveny & Myers 634 Lawyers, 170 Equity Partners, Los Angeles

$1,760,000 $689,500,000 47 $1,085,000 35 $1,700,000

48 53 Alston & Bird 752 Lawyers, 142 Equity Partners, Atlanta $1,745,000 $688,000,000 48 $915,000 64 $1,025,000

49 47 Jenner & Block 436 Lawyers, 114 Equity Partners, Chicago

$1,720,000 $465,000,000 69 $1,065,000 36 $1,225,000

50 45 Jeffer Mangels Butler & Mitchell 128 Lawyers, 38 Equity Partners, Los Angeles

$1,685,000 $105,500,000 186 $825,000 77 $1,050,000

51 54 Fenwick & West 303 Lawyers, 87 Equity Partners, Mountain View, CA $1,620,000 $363,500,000 87 $1,200,000 20 $1,495,000

51 46 Patterson Belknap Webb & Tyler 176 Lawyers, 46 Equity Partners, New York

$1,620,000 $187,500,000 149 $1,065,000 36 $1,615,000

53 55 McDermott Will & Emery 981 Lawyers, 195 Equity Partners, National $1,580,000 $891,500,000 33 $910,000 66 $875,000

54 58 DLA Piper 1


55 66 Lowenstein Sandler 276 Lawyers, 52 Equity Partners, Roseland, NJ

$1,560,000 $252,000,000 122 $915,000 64 $1,025,000

55 59 Mayer Brown 1,507 Lawyers, 286 Equity Partners, International $1,560,000 $1,257,000,000 17 $835,000 75 $890,000

55 56 Williams & Connolly 304 Lawyers, 117 Equity Partners, Washington, DC $1,560,000 $403,000,000 79 $1,325,000 9 $1,560,000

58 61 Morrison & Foerster 941 Lawyers, 242 Equity Partners, National

$1,555,000 $979,500,000 28 $1,040,000 42 $1,315,000

59 48 Morgan, Lewis & Bockius 1,880 Lawyers, 520 Equity Partners, National $1,530,000 $1,844,000,000 8 $980,000 54 $1,280,000

60 63 Katten Muchin Rosenman 623 Lawyers, 149 Equity Partners, National $1,510,000 $561,500,000 59 $900,000 68 $925,000

1 Vereins differ structurally from other Am Law 100 firms, especially in regard to profit sharing.

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Revenue Per

Lawyer RPL R

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All Partners

61 77 Fish & Richardson 338 Lawyers, 106 Equity Partners, National $1,490,000 $395,000,000 81 $1,170,000 23 $1,070,000

62 60 Greenberg Traurig 1,809 Lawyers, 304 Equity Partners, National $1,475,000 $1,321,500,000 14 $730,000 101 $770,000

63 66 Sheppard, Mullin, Richter & Hampton 606 Lawyers, 121 Equity Partners, Los Angeles $1,445,000 $559,500,000 60 $925,000 63 $975,000

64 57 Loeb & Loeb 271 Lawyers, 41 Equity Partners, National

$1,430,000 $245,500,000 125 $910,000 66 $720,000

65 72 Manatt, Phelps & Phillips 330 Lawyers, 59 Equity Partners, Los Angeles

$1,385,000 $324,000,000 101 $980,000 54 $730,000

66 62 Kaye Scholer 370 Lawyers, 96 Equity Partners, New York $1,380,000 $370,000,000 84 $1,000,000 51 $1,205,000

67 64 Brown Rudnick 203 Lawyers, 59 Equity Partners, National

$1,355,000 $192,500,000 148 $945,000 59 $980,000

68 48 Curtis, Mallet-Prevost, Colt & Mosle 317 Lawyers, 15 Equity Partners, International

$1,345,000 $151,500,000 163 $480,000 189 $530,000

69 68 Covington & Burling 793 Lawyers, 257 Equity Partners, Washington, DC

$1,275,000 $742,500,000 44 $935,000 60 $1,275,000

70 75 Hogan Lovells 1


70 82 Holland & Knight 1,044 Lawyers, 176 Equity Partners, National $1,250,000 $744,000,000 43 $710,000 108 $705,000

72 73 Stroock & Stroock & Lavan 270 Lawyers, 90 Equity Partners, New York

$1,245,000 $265,500,000 117 $985,000 53 $1,245,000

73 78 Andrews Kurth 320 Lawyers, 73 Equity Partners, Houston

$1,235,000 $297,000,000 108 $930,000 61 $865,000

74 64 Arnold & Porter 666 Lawyers, 234 Equity Partners, Washington, DC $1,210,000 $650,000,000 53 $975,000 56 $1,210,000

75 69 Bracewell & Giuliani 417 Lawyers, 72 Equity Partners, Houston

$1,190,000 $296,500,000 109 $710,000 108 $700,000

76 81 Pillsbury Winthrop Shaw Pittman 598 Lawyers, 152 Equity Partners, National $1,185,000 $557,000,000 61 $930,000 61 $860,000

77 74 Finnegan, Henderson, Farabow, Garrett & Dunner 292 Lawyers, 91 Equity Partners, Washington, DC

$1,175,000 $308,000,000 106 $1,055,000 38 $980,000

78 75 Robins Kaplan 204 Lawyers, 67 Equity Partners, Minneapolis

$1,150,000 $180,000,000 154 $880,000 70 $1,025,000

79 71 Baker & McKenzie 1 4,363 Lawyers, 702 Equity Partners, Verein $1,140,000 $2,430,000,000 3 $555,000 162 $805,000

80 83 Chadbourne & Parke 318 Lawyers, 63 Equity Partners, New York

$1,135,000 $249,000,000 124 $785,000 90 $910,000

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200 R

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Revenue Per

Lawyer RPL R

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All Partners

61 77 Fish & Richardson 338 Lawyers, 106 Equity Partners, National $1,490,000 $395,000,000 81 $1,170,000 23 $1,070,000

62 60 Greenberg Traurig 1,809 Lawyers, 304 Equity Partners, National $1,475,000 $1,321,500,000 14 $730,000 101 $770,000

63 66 Sheppard, Mullin, Richter & Hampton 606 Lawyers, 121 Equity Partners, Los Angeles $1,445,000 $559,500,000 60 $925,000 63 $975,000

64 57 Loeb & Loeb 271 Lawyers, 41 Equity Partners, National

$1,430,000 $245,500,000 125 $910,000 66 $720,000

65 72 Manatt, Phelps & Phillips 330 Lawyers, 59 Equity Partners, Los Angeles

$1,385,000 $324,000,000 101 $980,000 54 $730,000

66 62 Kaye Scholer 370 Lawyers, 96 Equity Partners, New York $1,380,000 $370,000,000 84 $1,000,000 51 $1,205,000

67 64 Brown Rudnick 203 Lawyers, 59 Equity Partners, National

$1,355,000 $192,500,000 148 $945,000 59 $980,000

68 48 Curtis, Mallet-Prevost, Colt & Mosle 317 Lawyers, 15 Equity Partners, International

$1,345,000 $151,500,000 163 $480,000 189 $530,000

69 68 Covington & Burling 793 Lawyers, 257 Equity Partners, Washington, DC

$1,275,000 $742,500,000 44 $935,000 60 $1,275,000

70 75 Hogan Lovells 1


70 82 Holland & Knight 1,044 Lawyers, 176 Equity Partners, National $1,250,000 $744,000,000 43 $710,000 108 $705,000

72 73 Stroock & Stroock & Lavan 270 Lawyers, 90 Equity Partners, New York

$1,245,000 $265,500,000 117 $985,000 53 $1,245,000

73 78 Andrews Kurth 320 Lawyers, 73 Equity Partners, Houston

$1,235,000 $297,000,000 108 $930,000 61 $865,000

74 64 Arnold & Porter 666 Lawyers, 234 Equity Partners, Washington, DC $1,210,000 $650,000,000 53 $975,000 56 $1,210,000

75 69 Bracewell & Giuliani 417 Lawyers, 72 Equity Partners, Houston

$1,190,000 $296,500,000 109 $710,000 108 $700,000

76 81 Pillsbury Winthrop Shaw Pittman 598 Lawyers, 152 Equity Partners, National $1,185,000 $557,000,000 61 $930,000 61 $860,000

77 74 Finnegan, Henderson, Farabow, Garrett & Dunner 292 Lawyers, 91 Equity Partners, Washington, DC

$1,175,000 $308,000,000 106 $1,055,000 38 $980,000

78 75 Robins Kaplan 204 Lawyers, 67 Equity Partners, Minneapolis

$1,150,000 $180,000,000 154 $880,000 70 $1,025,000

79 71 Baker & McKenzie 1 4,363 Lawyers, 702 Equity Partners, Verein $1,140,000 $2,430,000,000 3 $555,000 162 $805,000

80 83 Chadbourne & Parke 318 Lawyers, 63 Equity Partners, New York

$1,135,000 $249,000,000 124 $785,000 90 $910,000


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200 R

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Revenue Per

Lawyer RPL R

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All Partners

81 87 Foley & Lardner 845 Lawyers, 147 Equity Partners, National $1,130,000 $682,000,000 49 $805,000 81 $705,000

82 85 Foley Hoag 233 Lawyers, 47 Equity Partners, Boston

$1,125,000 $173,500,000 155 $745,000 99 $730,000

83 84 Wiley Rein 249 Lawyers, 71 Equity Partners, Washington, DC

$1,110,000 $209,000,000 139 $840,000 74 $670,000

84 78 Reed Smith 1,618 Lawyers, 308 Equity Partners, National $1,105,000 $1,123,000,000 21 $695,000 113 $710,000

85 86 Perkins Coie 938 Lawyers, 185 Equity Partners, Seattle $1,100,000 $748,500,000 42 $800,000 84 $725,000

86 96 Morris, Manning & Martin 159 Lawyers, 44 Equity Partners, Atlanta

$1,070,000 $121,500,000 175 $760,000 93 $795,000

87 99 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo 2

447 Lawyers, 65 Equity Partners, Boston $1,065,000 $360,000,000 92 $805,000 81 $655,000

88 93 Venable 596 Lawyers, 162 Equity Partners, National $1,060,000 $477,000,000 66 $800,000 84 $790,000

89 97 McGuireWoods 965 Lawyers, 174 Equity Partners, Richmond $1,045,000 $653,500,000 52 $675,000 122 $690,000

90 88 Crowell & Moring 441 Lawyers, 96 Equity Partners, Washington, DC $1,035,000 $363,000,000 88 $825,000 77 $740,000

91 100 Pepper Hamilton 494 Lawyers, 138 Equity Partners, Philadelphia $1,025,000 $388,500,000 82 $785,000 90 $795,000

92 89 Chapman and Cutler 235 Lawyers, 98 Equity Partners, Chicago

$1,020,000 $193,000,000 147 $820,000 79 $795,000

92 101 Seyfarth Shaw 798 Lawyers, 192 Equity Partners, National $1,020,000 $590,000,000 58 $740,000 100 $660,000

92 92 Sutherland Asbill & Brennan 380 Lawyers, 86 Equity Partners, National

$1,020,000 $301,000,000 107 $790,000 88 $710,000

95 103 Jones Day 2,562 Lawyers, 928 Equity Partners, National $1,010,000 $1,941,000,000 6 $755,000 96 $1,010,000

96 93 McElroy, Deutsch, Mulvaney & Carpenter 251 Lawyers, 31 Equity Partners, Morristown, NJ

$980,000 $118,500,000 176 $470,000 190 $460,000

96 124 Schiff Hardin 316 Lawyers, 94 Equity Partners, Chicago

$980,000 $276,500,000 115 $875,000 71 $715,000

98 97 Winstead 335 Lawyers, 110 Equity Partners, Dallas

$975,000 $212,500,000 137 $635,000 137 $695,000

99 126 Troutman Sanders 626 Lawyers, 186 Equity Partners, Atlanta $970,000 $468,500,000 67 $750,000 98 $735,000

100 105 Moore & Van Allen 278 Lawyers, 78 Equity Partners, Charlotte

$965,000 $183,000,000 152 $660,000 127 $640,000

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200 R

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Revenue Per

Lawyer RPL R

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All Partners

81 87 Foley & Lardner 845 Lawyers, 147 Equity Partners, National $1,130,000 $682,000,000 49 $805,000 81 $705,000

82 85 Foley Hoag 233 Lawyers, 47 Equity Partners, Boston

$1,125,000 $173,500,000 155 $745,000 99 $730,000

83 84 Wiley Rein 249 Lawyers, 71 Equity Partners, Washington, DC

$1,110,000 $209,000,000 139 $840,000 74 $670,000

84 78 Reed Smith 1,618 Lawyers, 308 Equity Partners, National $1,105,000 $1,123,000,000 21 $695,000 113 $710,000

85 86 Perkins Coie 938 Lawyers, 185 Equity Partners, Seattle $1,100,000 $748,500,000 42 $800,000 84 $725,000

86 96 Morris, Manning & Martin 159 Lawyers, 44 Equity Partners, Atlanta

$1,070,000 $121,500,000 175 $760,000 93 $795,000

87 99 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo 2

447 Lawyers, 65 Equity Partners, Boston $1,065,000 $360,000,000 92 $805,000 81 $655,000

88 93 Venable 596 Lawyers, 162 Equity Partners, National $1,060,000 $477,000,000 66 $800,000 84 $790,000

89 97 McGuireWoods 965 Lawyers, 174 Equity Partners, Richmond $1,045,000 $653,500,000 52 $675,000 122 $690,000

90 88 Crowell & Moring 441 Lawyers, 96 Equity Partners, Washington, DC $1,035,000 $363,000,000 88 $825,000 77 $740,000

91 100 Pepper Hamilton 494 Lawyers, 138 Equity Partners, Philadelphia $1,025,000 $388,500,000 82 $785,000 90 $795,000

92 89 Chapman and Cutler 235 Lawyers, 98 Equity Partners, Chicago

$1,020,000 $193,000,000 147 $820,000 79 $795,000

92 101 Seyfarth Shaw 798 Lawyers, 192 Equity Partners, National $1,020,000 $590,000,000 58 $740,000 100 $660,000

92 92 Sutherland Asbill & Brennan 380 Lawyers, 86 Equity Partners, National

$1,020,000 $301,000,000 107 $790,000 88 $710,000

95 103 Jones Day 2,562 Lawyers, 928 Equity Partners, National $1,010,000 $1,941,000,000 6 $755,000 96 $1,010,000

96 93 McElroy, Deutsch, Mulvaney & Carpenter 251 Lawyers, 31 Equity Partners, Morristown, NJ

$980,000 $118,500,000 176 $470,000 190 $460,000

96 124 Schiff Hardin 316 Lawyers, 94 Equity Partners, Chicago

$980,000 $276,500,000 115 $875,000 71 $715,000

98 97 Winstead 335 Lawyers, 110 Equity Partners, Dallas

$975,000 $212,500,000 137 $635,000 137 $695,000

99 126 Troutman Sanders 626 Lawyers, 186 Equity Partners, Atlanta $970,000 $468,500,000 67 $750,000 98 $735,000

100 105 Moore & Van Allen 278 Lawyers, 78 Equity Partners, Charlotte

$965,000 $183,000,000 152 $660,000 127 $640,000

2 Fiscal year ends on March 31. Results were projected in order to meet The Am Law 100’s publication deadline.

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Revenue Per

Lawyer RPL R

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All Partners

101 91 Hunton & Williams 2 696 Lawyers, 167 Equity Partners, National $950,000 $528,000,000 62 $760,000 93 $700,000

101 109 Thompson & Knight 272 Lawyers, 91 Equity Partners, Dallas

$950,000 $207,500,000 141 $760,000 93 $740,000

103 107 Steptoe & Johnson 374 Lawyers, 125 Equity Partners, Washington, DC $940,000 $357,500,000 93 $955,000 57 $940,000

104 102 Arent Fox 349 Lawyers, 107 Equity Partners, Washington, DC

$935,000 $282,500,000 113 $810,000 80 $720,000

105 124 Baker & Hostetler 905 Lawyers, 168 Equity Partners, National $930,000 $633,500,000 54 $700,000 112 $665,000

105 104 Kilpatrick Townsend & Stockton 574 Lawyers, 109 Equity Partners, Atlanta $930,000 $411,500,000 73 $715,000 106 $645,000

105 118 Vedder Price 302 Lawyers, 120 Equity Partners, Chicago

$930,000 $240,000,000 126 $795,000 86 $770,000

108 111 Allen Matkins Leck Gamble Mallory & Natsis 171 Lawyers, 88 Equity Partners, Los Angeles

$910,000 $151,500,000 163 $885,000 69 $830,000

109 109 Haynes and Boone 524 Lawyers, 131 Equity Partners, Dallas $905,000 $362,000,000 89 $690,000 118 $720,000

109 106 Jackson Walker 337 Lawyers, 93 Equity Partners, Dallas

$905,000 $221,500,000 133 $660,000 127 $570,000

109 132 Nixon Peabody 634 Lawyers, 150 Equity Partners, National $905,000 $461,000,000 71 $725,000 102 $580,000

112 114 Brownstein Hyatt Farber Schreck 218 Lawyers, 65 Equity Partners, Denver

$900,000 $172,000,000 156 $790,000 88 $650,000

112 108 Duane Morris 626 Lawyers, 119 Equity Partners, National $900,000 $434,500,000 72 $695,000 113 $565,000

112 150 Herrick, Feinstein 132 Lawyers, 35 Equity Partners, New York

$900,000 $115,500,000 179 $875,000 71 $635,000

115 118 Blank Rome 477 Lawyers, 118 Equity Partners, Philadelphia $890,000 $345,000,000 94 $725,000 102 $625,000

115 93 Locke Lord 847 Lawyers, 177 Equity Partners, Dallas $890,000 $597,000,000 57 $705,000 110 $605,000

117 113 Barnes & Thornburg 521 Lawyers, 219 Equity Partners, Indianapolis $880,000 $361,000,000 91 $695,000 113 $680,000

118 114 K&L Gates 1,852 Lawyers, 210 Equity Partners, National $870,000 $1,065,000,000 24 $575,000 158 $605,000

119 129 Kelley Drye & Warren 281 Lawyers, 82 Equity Partners, National

$865,000 $226,000,000 129 $805,000 81 $705,000

119 — Sills Cummis & Gross 130 Lawyers, 27 Equity Partners, Newark

$865,000 $85,000,000 200 $655,000 130 $575,000

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Revenue Per

Lawyer RPL R

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All Partners

101 91 Hunton & Williams 2 696 Lawyers, 167 Equity Partners, National $950,000 $528,000,000 62 $760,000 93 $700,000

101 109 Thompson & Knight 272 Lawyers, 91 Equity Partners, Dallas

$950,000 $207,500,000 141 $760,000 93 $740,000

103 107 Steptoe & Johnson 374 Lawyers, 125 Equity Partners, Washington, DC $940,000 $357,500,000 93 $955,000 57 $940,000

104 102 Arent Fox 349 Lawyers, 107 Equity Partners, Washington, DC

$935,000 $282,500,000 113 $810,000 80 $720,000

105 124 Baker & Hostetler 905 Lawyers, 168 Equity Partners, National $930,000 $633,500,000 54 $700,000 112 $665,000

105 104 Kilpatrick Townsend & Stockton 574 Lawyers, 109 Equity Partners, Atlanta $930,000 $411,500,000 73 $715,000 106 $645,000

105 118 Vedder Price 302 Lawyers, 120 Equity Partners, Chicago

$930,000 $240,000,000 126 $795,000 86 $770,000

108 111 Allen Matkins Leck Gamble Mallory & Natsis 171 Lawyers, 88 Equity Partners, Los Angeles

$910,000 $151,500,000 163 $885,000 69 $830,000

109 109 Haynes and Boone 524 Lawyers, 131 Equity Partners, Dallas $905,000 $362,000,000 89 $690,000 118 $720,000

109 106 Jackson Walker 337 Lawyers, 93 Equity Partners, Dallas

$905,000 $221,500,000 133 $660,000 127 $570,000

109 132 Nixon Peabody 634 Lawyers, 150 Equity Partners, National $905,000 $461,000,000 71 $725,000 102 $580,000

112 114 Brownstein Hyatt Farber Schreck 218 Lawyers, 65 Equity Partners, Denver

$900,000 $172,000,000 156 $790,000 88 $650,000

112 108 Duane Morris 626 Lawyers, 119 Equity Partners, National $900,000 $434,500,000 72 $695,000 113 $565,000

112 150 Herrick, Feinstein 132 Lawyers, 35 Equity Partners, New York

$900,000 $115,500,000 179 $875,000 71 $635,000

115 118 Blank Rome 477 Lawyers, 118 Equity Partners, Philadelphia $890,000 $345,000,000 94 $725,000 102 $625,000

115 93 Locke Lord 847 Lawyers, 177 Equity Partners, Dallas $890,000 $597,000,000 57 $705,000 110 $605,000

117 113 Barnes & Thornburg 521 Lawyers, 219 Equity Partners, Indianapolis $880,000 $361,000,000 91 $695,000 113 $680,000

118 114 K&L Gates 1,852 Lawyers, 210 Equity Partners, National $870,000 $1,065,000,000 24 $575,000 158 $605,000

119 129 Kelley Drye & Warren 281 Lawyers, 82 Equity Partners, National

$865,000 $226,000,000 129 $805,000 81 $705,000

119 — Sills Cummis & Gross 130 Lawyers, 27 Equity Partners, Newark

$865,000 $85,000,000 200 $655,000 130 $575,000

2 Fiscal year ends on March 31. Results were projected in order to meet The Am Law 100’s publication deadline.

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Lawyer RPL R

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All Partners

121 144 Lewis Brisbois Bisgaard & Smith 1,015 Lawyers, 102 Equity Partners, Los Angeles $860,000 $406,000,000 77 $400,000 199 $385,000

122 126 Gardere Wynne Sewell 215 Lawyers, 63 Equity Partners, Dallas

$850,000 $149,000,000 165 $695,000 113 $595,000

123 — Arnall Golden Gregory 144 Lawyers, 42 Equity Partners, Atlanta

$845,000 $88,000,000 198 $610,000 144 $590,000

123 112 Squire Patton Boggs 1 1,426 Lawyers, 146 Equity Partners, Verein $845,000 $929,000,000 30 $650,000 130 $505,000

125 121 Honigman Miller Schwartz and Cohn 257 Lawyers, 139 Equity Partners, Detroit

$840,000 $201,000,000 144 $780,000 92 $705,000

126 114 Carlton Fields Jorden Burt 353 Lawyers, 78 Equity Partners, Miami

$835,000 $223,000,000 132 $630,000 138 $515,000

127 121 Snell & Wilmer 418 Lawyers, 84 Equity Partners, Phoenix

$820,000 $261,000,000 118 $625,000 140 $600,000

128 151 Fox Rothschild 2 615 Lawyers, 175 Equity Partners, Philadelphia $815,000 $364,500,000 85 $595,000 151 $665,000

129 123 Bryan Cave 910 Lawyers, 203 Equity Partners, National $805,000 $617,000,000 56 $680,000 119 $605,000

130 136 Drinker Biddle & Reath 544 Lawyers, 176 Equity Partners, Philadelphia $800,000 $409,500,000 75 $755,000 96 $670,000

130 130 Faegre Baker Daniels 670 Lawyers, 227 Equity Partners, Minneapolis $800,000 $466,000,000 68 $695,000 113 $655,000

132 114 Gibbons 176 Lawyers, 37 Equity Partners, Newark

$775,000 $108,000,000 185 $615,000 142 $485,000

132 133 Goulston & Storrs 176 Lawyers, 104 Equity Partners, Boston

$775,000 $148,500,000 166 $845,000 73 $775,000

134 140 Nelson Mullins Riley & Scarborough 502 Lawyers, 150 Equity Partners, Columbia, SC

$770,000 $321,500,000 103 $640,000 134 $520,000

135 135 Gordon Rees Scully Mansukhani 564 Lawyers, 42 Equity Partners, San Diego

$755,000 $277,500,000 114 $490,000 185 $315,000

136 126 Shook, Hardy & Bacon 483 Lawyers, 134 Equity Partners, Kansas City, MO

$750,000 $322,500,000 102 $670,000 124 $590,000

136 138 Sullivan & Worcester 144 Lawyers, 38 Equity Partners, Boston

$750,000 $101,500,000 188 $705,000 110 $550,000

138 133 Cozen O'Connor 533 Lawyers, 156 Equity Partners, National $745,000 $341,500,000 95 $640,000 134 $545,000

139 139 Shutts & Bowen 249 Lawyers, 84 Equity Partners, Miami

$740,000 $147,000,000 168 $590,000 153 $465,000

140 147 Polsinelli 720 Lawyers, 118 Equity Partners, Kansas City, MO $725,000 $410,000,000 74 $570,000 159 $450,000

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Revenue Per

Lawyer RPL R

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All Partners

121 144 Lewis Brisbois Bisgaard & Smith 1,015 Lawyers, 102 Equity Partners, Los Angeles $860,000 $406,000,000 77 $400,000 199 $385,000

122 126 Gardere Wynne Sewell 215 Lawyers, 63 Equity Partners, Dallas

$850,000 $149,000,000 165 $695,000 113 $595,000

123 — Arnall Golden Gregory 144 Lawyers, 42 Equity Partners, Atlanta

$845,000 $88,000,000 198 $610,000 144 $590,000

123 112 Squire Patton Boggs 1 1,426 Lawyers, 146 Equity Partners, Verein $845,000 $929,000,000 30 $650,000 130 $505,000

125 121 Honigman Miller Schwartz and Cohn 257 Lawyers, 139 Equity Partners, Detroit

$840,000 $201,000,000 144 $780,000 92 $705,000

126 114 Carlton Fields Jorden Burt 353 Lawyers, 78 Equity Partners, Miami

$835,000 $223,000,000 132 $630,000 138 $515,000

127 121 Snell & Wilmer 418 Lawyers, 84 Equity Partners, Phoenix

$820,000 $261,000,000 118 $625,000 140 $600,000

128 151 Fox Rothschild 2 615 Lawyers, 175 Equity Partners, Philadelphia $815,000 $364,500,000 85 $595,000 151 $665,000

129 123 Bryan Cave 910 Lawyers, 203 Equity Partners, National $805,000 $617,000,000 56 $680,000 119 $605,000

130 136 Drinker Biddle & Reath 544 Lawyers, 176 Equity Partners, Philadelphia $800,000 $409,500,000 75 $755,000 96 $670,000

130 130 Faegre Baker Daniels 670 Lawyers, 227 Equity Partners, Minneapolis $800,000 $466,000,000 68 $695,000 113 $655,000

132 114 Gibbons 176 Lawyers, 37 Equity Partners, Newark

$775,000 $108,000,000 185 $615,000 142 $485,000

132 133 Goulston & Storrs 176 Lawyers, 104 Equity Partners, Boston

$775,000 $148,500,000 166 $845,000 73 $775,000

134 140 Nelson Mullins Riley & Scarborough 502 Lawyers, 150 Equity Partners, Columbia, SC

$770,000 $321,500,000 103 $640,000 134 $520,000

135 135 Gordon Rees Scully Mansukhani 564 Lawyers, 42 Equity Partners, San Diego

$755,000 $277,500,000 114 $490,000 185 $315,000

136 126 Shook, Hardy & Bacon 483 Lawyers, 134 Equity Partners, Kansas City, MO

$750,000 $322,500,000 102 $670,000 124 $590,000

136 138 Sullivan & Worcester 144 Lawyers, 38 Equity Partners, Boston

$750,000 $101,500,000 188 $705,000 110 $550,000

138 133 Cozen O'Connor 533 Lawyers, 156 Equity Partners, National $745,000 $341,500,000 95 $640,000 134 $545,000

139 139 Shutts & Bowen 249 Lawyers, 84 Equity Partners, Miami

$740,000 $147,000,000 168 $590,000 153 $465,000

140 147 Polsinelli 720 Lawyers, 118 Equity Partners, Kansas City, MO $725,000 $410,000,000 74 $570,000 159 $450,000


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Lawyer RPL R

ank


All Partners

141 146 Hinckley, Allen & Snyder 145 Lawyers, 45 Equity Partners, Boston

$710,000 $99,000,000 189 $680,000 119 $500,000

142 140 Day Pitney 264 Lawyers, 91 Equity Partners, Hartford

$700,000 $161,000,000 158 $610,000 144 $570,000

143 143 Bradley Arant Boult Cummings 458 Lawyers, 212 Equity Partners, Birmingham

$690,000 $274,000,000 116 $600,000 147 $600,000

143 131 Fitzpatrick, Cella, Harper & Scinto 137 Lawyers, 51 Equity Partners, New York

$690,000 $98,000,000 191 $715,000 106 $690,000

145 165 Sedgwick 273 Lawyers, 56 Equity Partners, San Francisco

$685,000 $183,000,000 152 $670,000 124 $515,000

146 151 Akerman 562 Lawyers, 193 Equity Partners, Miami $675,000 $337,000,000 97 $600,000 147 $540,000

147 153 McCarter & English 374 Lawyers, 84 Equity Partners, Newark

$670,000 $233,000,000 128 $625,000 140 $450,000

148 144 Buchanan Ingersoll & Rooney 454 Lawyers, 112 Equity Partners, Pittsburgh

$665,000 $290,500,000 110 $640,000 134 $495,000

149 156 Ogletree, Deakins, Nash, Smoak & Stewart 721 Lawyers, 161 Equity Partners, National $660,000 $399,000,000 80 $555,000 162 $445,000

150 — Sherman & Howard 184 Lawyers, 80 Equity Partners, Denver

$650,000 $99,000,000 189 $535,000 173 $535,000

151 170 Davis Wright Tremaine 485 Lawyers, 182 Equity Partners, Seattle

$635,000 $318,500,000 104 $655,000 130 $550,000

152 161 Thompson Hine 366 Lawyers, 100 Equity Partners, Cleveland

$625,000 $207,500,000 141 $570,000 159 $480,000

153 162 Saul Ewing 251 Lawyers, 81 Equity Partners, Philadelphia

$620,000 $155,000,000 161 $615,000 142 $495,000

153 147 Smith, Gambrell & Russell 191 Lawyers, 50 Equity Partners, Atlanta

$620,000 $93,000,000 194 $485,000 188 $390,000

155 169 Husch Blackwell 485 Lawyers, 132 Equity Partners, St. Louis

$615,000 $284,000,000 112 $585,000 155 $435,000

156 158 Ice Miller 279 Lawyers, 119 Equity Partners, Indianapolis

$605,000 $158,500,000 159 $570,000 159 $500,000

156 170 Stinson Leonard Street 422 Lawyers, 156 Equity Partners, Minneapolis

$605,000 $256,000,000 121 $605,000 146 $440,000

158 164 Ballard Spahr 507 Lawyers, 238 Equity Partners, Philadelphia $600,000 $337,500,000 96 $665,000 126 $600,000

158 158 Dorsey & Whitney 512 Lawyers, 182 Equity Partners, National $600,000 $336,500,000 98 $660,000 127 $515,000

158 158 Jackson Lewis 755 Lawyers, 236 Equity Partners, National $600,000 $407,000,000 76 $540,000 171 $450,000


18 • ZGuide

ZGuide • 19

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Law

200 R

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Revenue Per

Lawyer RPL R

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All Partners

141 146 Hinckley, Allen & Snyder 145 Lawyers, 45 Equity Partners, Boston

$710,000 $99,000,000 189 $680,000 119 $500,000

142 140 Day Pitney 264 Lawyers, 91 Equity Partners, Hartford

$700,000 $161,000,000 158 $610,000 144 $570,000

143 143 Bradley Arant Boult Cummings 458 Lawyers, 212 Equity Partners, Birmingham

$690,000 $274,000,000 116 $600,000 147 $600,000

143 131 Fitzpatrick, Cella, Harper & Scinto 137 Lawyers, 51 Equity Partners, New York

$690,000 $98,000,000 191 $715,000 106 $690,000

145 165 Sedgwick 273 Lawyers, 56 Equity Partners, San Francisco

$685,000 $183,000,000 152 $670,000 124 $515,000

146 151 Akerman 562 Lawyers, 193 Equity Partners, Miami $675,000 $337,000,000 97 $600,000 147 $540,000

147 153 McCarter & English 374 Lawyers, 84 Equity Partners, Newark

$670,000 $233,000,000 128 $625,000 140 $450,000

148 144 Buchanan Ingersoll & Rooney 454 Lawyers, 112 Equity Partners, Pittsburgh

$665,000 $290,500,000 110 $640,000 134 $495,000

149 156 Ogletree, Deakins, Nash, Smoak & Stewart 721 Lawyers, 161 Equity Partners, National $660,000 $399,000,000 80 $555,000 162 $445,000

150 — Sherman & Howard 184 Lawyers, 80 Equity Partners, Denver

$650,000 $99,000,000 189 $535,000 173 $535,000

151 170 Davis Wright Tremaine 485 Lawyers, 182 Equity Partners, Seattle

$635,000 $318,500,000 104 $655,000 130 $550,000

152 161 Thompson Hine 366 Lawyers, 100 Equity Partners, Cleveland

$625,000 $207,500,000 141 $570,000 159 $480,000

153 162 Saul Ewing 251 Lawyers, 81 Equity Partners, Philadelphia

$620,000 $155,000,000 161 $615,000 142 $495,000

153 147 Smith, Gambrell & Russell 191 Lawyers, 50 Equity Partners, Atlanta

$620,000 $93,000,000 194 $485,000 188 $390,000

155 169 Husch Blackwell 485 Lawyers, 132 Equity Partners, St. Louis

$615,000 $284,000,000 112 $585,000 155 $435,000

156 158 Ice Miller 279 Lawyers, 119 Equity Partners, Indianapolis

$605,000 $158,500,000 159 $570,000 159 $500,000

156 170 Stinson Leonard Street 422 Lawyers, 156 Equity Partners, Minneapolis

$605,000 $256,000,000 121 $605,000 146 $440,000

158 164 Ballard Spahr 507 Lawyers, 238 Equity Partners, Philadelphia $600,000 $337,500,000 96 $665,000 126 $600,000

158 158 Dorsey & Whitney 512 Lawyers, 182 Equity Partners, National $600,000 $336,500,000 98 $660,000 127 $515,000

158 158 Jackson Lewis 755 Lawyers, 236 Equity Partners, National $600,000 $407,000,000 76 $540,000 171 $450,000

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Law

200 R

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Revenue Per

Lawyer RPL R

ank


All Partners

158 154 Norton Rose Fulbright 1 3,372 Lawyers, 912 Equity Partners, Verein $600,000 $1,737,000,000 10 $515,000 178 $570,000

158 147 Womble Carlyle Sandridge & Rice 491 Lawyers, 164 Equity Partners, Winston-Salem, NC

$600,000 $290,000,000 111 $590,000 153 $445,000

163 — Rutan & Tucker 151 Lawyers, 76 Equity Partners, Costa Mesa, CA

$585,000 $90,500,000 196 $600,000 147 $530,000

163 168 Stoel Rives 349 Lawyers, 113 Equity Partners, Portland, OR

$585,000 $209,000,000 139 $600,000 147 $465,000

165 162 Porter Wright Morris & Arthur 212 Lawyers, 74 Equity Partners, Columbus

$580,000 $124,000,000 174 $585,000 155 $445,000

166 186 Lathrop & Gage 282 Lawyers, 71 Equity Partners, Kansas City, MO

$550,000 $154,500,000 162 $550,000 165 $390,000

166 197 Williams Mullen 213 Lawyers, 75 Equity Partners, Richmond

$550,000 $116,000,000 178 $545,000 169 $495,000

168 137 Armstrong Teasdale 225 Lawyers, 78 Equity Partners, St. Louis

$540,000 $112,000,000 181 $500,000 182 $445,000

168 192 Greenspoon Marder 160 Lawyers, 72 Equity Partners, Fort Lauderdale

$540,000 $104,500,000 187 $655,000 130 $540,000

170 172 Michael Best & Friedrich 196 Lawyers, 75 Equity Partners, Milwaukee

$530,000 $114,500,000 180 $585,000 155 $425,000

170 184 Vorys, Sater, Seymour and Pease 362 Lawyers, 147 Equity Partners, Columbus

$530,000 $186,000,000 150 $515,000 178 $480,000

172 175 Fisher & Phillips 290 Lawyers, 119 Equity Partners, National

$525,000 $158,000,000 160 $545,000 169 $460,000

172 175 Hinshaw & Culbertson 497 Lawyers, 113 Equity Partners, Chicago

$525,000 $225,000,000 130 $455,000 194 $340,000

172 — Nossaman 131 Lawyers, 58 Equity Partners, Los Angeles

$525,000 $89,000,000 197 $680,000 119 $455,000

172 166 Thompson Coburn 352 Lawyers, 162 Equity Partners, St. Louis

$525,000 $194,500,000 146 $550,000 165 $435,000

176 179 Knobbe, Martens, Olson & Bear 293 Lawyers, 152 Equity Partners, Irvine, CA

$520,000 $213,000,000 136 $725,000 102 $520,000

176 182 Lewis Roca Rothgerber 223 Lawyers, 97 Equity Partners, Phoenix

$520,000 $124,500,000 173 $555,000 162 $445,000

178 178 Dickinson Wright 370 Lawyers, 118 Equity Partners, Troy, MI

$515,000 $185,500,000 151 $500,000 182 $400,000

179 179 Clark Hill 306 Lawyers, 81 Equity Partners, Detroit

$510,000 $140,000,000 171 $455,000 194 $395,000

179 192 Quarles & Brady 434 Lawyers, 167 Equity Partners, Milwaukee

$510,000 $258,500,000 120 $595,000 151 $440,000

20 • ZGuide


ZGuide • 21

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Gross Revenue Am

Law

200 R

ank

Revenue Per

Lawyer RPL R

ank


All Partners

158 154 Norton Rose Fulbright 1 3,372 Lawyers, 912 Equity Partners, Verein $600,000 $1,737,000,000 10 $515,000 178 $570,000

158 147 Womble Carlyle Sandridge & Rice 491 Lawyers, 164 Equity Partners, Winston-Salem, NC

$600,000 $290,000,000 111 $590,000 153 $445,000

163 — Rutan & Tucker 151 Lawyers, 76 Equity Partners, Costa Mesa, CA

$585,000 $90,500,000 196 $600,000 147 $530,000

163 168 Stoel Rives 349 Lawyers, 113 Equity Partners, Portland, OR

$585,000 $209,000,000 139 $600,000 147 $465,000

165 162 Porter Wright Morris & Arthur 212 Lawyers, 74 Equity Partners, Columbus

$580,000 $124,000,000 174 $585,000 155 $445,000

166 186 Lathrop & Gage 282 Lawyers, 71 Equity Partners, Kansas City, MO

$550,000 $154,500,000 162 $550,000 165 $390,000

166 197 Williams Mullen 213 Lawyers, 75 Equity Partners, Richmond

$550,000 $116,000,000 178 $545,000 169 $495,000

168 137 Armstrong Teasdale 225 Lawyers, 78 Equity Partners, St. Louis

$540,000 $112,000,000 181 $500,000 182 $445,000

168 192 Greenspoon Marder 160 Lawyers, 72 Equity Partners, Fort Lauderdale

$540,000 $104,500,000 187 $655,000 130 $540,000

170 172 Michael Best & Friedrich 196 Lawyers, 75 Equity Partners, Milwaukee

$530,000 $114,500,000 180 $585,000 155 $425,000

170 184 Vorys, Sater, Seymour and Pease 362 Lawyers, 147 Equity Partners, Columbus

$530,000 $186,000,000 150 $515,000 178 $480,000

172 175 Fisher & Phillips 290 Lawyers, 119 Equity Partners, National

$525,000 $158,000,000 160 $545,000 169 $460,000

172 175 Hinshaw & Culbertson 497 Lawyers, 113 Equity Partners, Chicago

$525,000 $225,000,000 130 $455,000 194 $340,000

172 — Nossaman 131 Lawyers, 58 Equity Partners, Los Angeles

$525,000 $89,000,000 197 $680,000 119 $455,000

172 166 Thompson Coburn 352 Lawyers, 162 Equity Partners, St. Louis

$525,000 $194,500,000 146 $550,000 165 $435,000

176 179 Knobbe, Martens, Olson & Bear 293 Lawyers, 152 Equity Partners, Irvine, CA

$520,000 $213,000,000 136 $725,000 102 $520,000

176 182 Lewis Roca Rothgerber 223 Lawyers, 97 Equity Partners, Phoenix

$520,000 $124,500,000 173 $555,000 162 $445,000

178 178 Dickinson Wright 370 Lawyers, 118 Equity Partners, Troy, MI

$515,000 $185,500,000 151 $500,000 182 $400,000

179 179 Clark Hill 306 Lawyers, 81 Equity Partners, Detroit

$510,000 $140,000,000 171 $455,000 194 $395,000

179 192 Quarles & Brady 434 Lawyers, 167 Equity Partners, Milwaukee

$510,000 $258,500,000 120 $595,000 151 $440,000


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Law

200 R

ank

Revenue Per

Lawyer RPL R

ank


All Partners

181 166 Dykema Gossett 419 Lawyers, 107 Equity Partners, Chicago

$505,000 $225,000,000 130 $535,000 173 $395,000

181 179 Robinson & Cole 198 Lawyers, 69 Equity Partners, Hartford

$505,000 $109,000,000 184 $550,000 165 $460,000

183 185 Burr & Forman 270 Lawyers, 116 Equity Partners, Birmingham

$500,000 $135,000,000 172 $500,000 182 $425,000

184 186 Frost Brown Todd 432 Lawyers, 160 Equity Partners, Cincinnati

$495,000 $211,500,000 138 $490,000 185 $375,000

184 194 Shumaker, Loop & Kendrick 228 Lawyers, 117 Equity Partners, Toledo

$495,000 $118,500,000 176 $520,000 175 $420,000

186 174 Baker, Donelson, Bearman, Caldwell & Berkowitz 652 Lawyers, 218 Equity Partners, Memphis $490,000 $332,500,000 99 $510,000 180 $430,000

187 172 Adams and Reese 270 Lawyers, 116 Equity Partners, New Orleans

$485,000 $146,000,000 169 $540,000 171 $410,000

187 189 Miller, Canfield, Paddock and Stone 221 Lawyers, 74 Equity Partners, Detroit

$485,000 $112,000,000 181 $510,000 180 $385,000

189 186 Holland & Hart 455 Lawyers, 218 Equity Partners, Denver

$480,000 $249,500,000 123 $550,000 165 $470,000

190 194 GrayRobinson 286 Lawyers, 154 Equity Partners, Orlando

$455,000 $148,500,000 166 $520,000 175 $415,000

191 196 Kutak Rock 475 Lawyers, 233 Equity Partners, National

$450,000 $217,500,000 135 $460,000 192 $400,000

191 191 Phelps Dunbar 249 Lawyers, 108 Equity Partners, New Orleans

$450,000 $112,000,000 181 $450,000 196 $450,000

193 197 Lane Powell 153 Lawyers, 61 Equity Partners, Seattle

$440,000 $96,000,000 192 $630,000 138 $385,000

194 190 Dinsmore & Shohl 504 Lawyers, 160 Equity Partners, Cincinnati

$435,000 $219,500,000 134 $435,000 197 $345,000

195 175 Littler Mendelson 974 Lawyers, 382 Equity Partners, National $425,000 $506,500,000 63 $520,000 175 $390,000

195 156 Wilson Elser Moskowitz Edelman & Dicker 779 Lawyers, 143 Equity Partners, National

$425,000 $309,000,000 105 $395,000 200 $285,000

197 — Archer & Greiner 178 Lawyers, 59 Equity Partners, Haddonfield, NJ

$415,000 $87,000,000 199 $490,000 185 $315,000

198 199 Strasburger & Price 198 Lawyers, 70 Equity Partners, Dallas

$380,000 $93,500,000 193 $470,000 190 $315,000

199 200 LeClairRyan 353 Lawyers, 155 Equity Partners, National

$370,000 $163,000,000 157 $460,000 192 $295,000

200 — Bond, Schoeneck & King 218 Lawyers, 106 Equity Partners, Syracuse

$315,000 $92,000,000 195 $420,000 198 $310,000

22 • ZGuide


ZGuide • 23

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Gross Revenue Am

Law

200 R

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Revenue Per

Lawyer RPL R

ank


All Partners

181 166 Dykema Gossett 419 Lawyers, 107 Equity Partners, Chicago

$505,000 $225,000,000 130 $535,000 173 $395,000

181 179 Robinson & Cole 198 Lawyers, 69 Equity Partners, Hartford

$505,000 $109,000,000 184 $550,000 165 $460,000

183 185 Burr & Forman 270 Lawyers, 116 Equity Partners, Birmingham

$500,000 $135,000,000 172 $500,000 182 $425,000

184 186 Frost Brown Todd 432 Lawyers, 160 Equity Partners, Cincinnati

$495,000 $211,500,000 138 $490,000 185 $375,000

184 194 Shumaker, Loop & Kendrick 228 Lawyers, 117 Equity Partners, Toledo

$495,000 $118,500,000 176 $520,000 175 $420,000

186 174 Baker, Donelson, Bearman, Caldwell & Berkowitz 652 Lawyers, 218 Equity Partners, Memphis $490,000 $332,500,000 99 $510,000 180 $430,000

187 172 Adams and Reese 270 Lawyers, 116 Equity Partners, New Orleans

$485,000 $146,000,000 169 $540,000 171 $410,000

187 189 Miller, Canfield, Paddock and Stone 221 Lawyers, 74 Equity Partners, Detroit

$485,000 $112,000,000 181 $510,000 180 $385,000

189 186 Holland & Hart 455 Lawyers, 218 Equity Partners, Denver

$480,000 $249,500,000 123 $550,000 165 $470,000

190 194 GrayRobinson 286 Lawyers, 154 Equity Partners, Orlando

$455,000 $148,500,000 166 $520,000 175 $415,000

191 196 Kutak Rock 475 Lawyers, 233 Equity Partners, National

$450,000 $217,500,000 135 $460,000 192 $400,000

191 191 Phelps Dunbar 249 Lawyers, 108 Equity Partners, New Orleans

$450,000 $112,000,000 181 $450,000 196 $450,000

193 197 Lane Powell 153 Lawyers, 61 Equity Partners, Seattle

$440,000 $96,000,000 192 $630,000 138 $385,000

194 190 Dinsmore & Shohl 504 Lawyers, 160 Equity Partners, Cincinnati

$435,000 $219,500,000 134 $435,000 197 $345,000

195 175 Littler Mendelson 974 Lawyers, 382 Equity Partners, National $425,000 $506,500,000 63 $520,000 175 $390,000

195 156 Wilson Elser Moskowitz Edelman & Dicker 779 Lawyers, 143 Equity Partners, National

$425,000 $309,000,000 105 $395,000 200 $285,000

197 — Archer & Greiner 178 Lawyers, 59 Equity Partners, Haddonfield, NJ

$415,000 $87,000,000 199 $490,000 185 $315,000

198 199 Strasburger & Price 198 Lawyers, 70 Equity Partners, Dallas

$380,000 $93,500,000 193 $470,000 190 $315,000

199 200 LeClairRyan 353 Lawyers, 155 Equity Partners, National

$370,000 $163,000,000 157 $460,000 192 $295,000

200 — Bond, Schoeneck & King 218 Lawyers, 106 Equity Partners, Syracuse

$315,000 $92,000,000 195 $420,000 198 $310,000

24 • ZGuide

Value Per LawyerThe Am Law 200, Ranked By Value Per Lawyer

2016

VPL

Ra

nk

Firm

VPL: Partner Comp/Number of Lawyers,

FY 2015

Lawyers Needed

to Generate $10 Million

1 Wachtell, Lipton, Rosen & Katz $2,125,000 4.71

2 Quinn Emanuel Urquhart & Sul-livan $1,115,000 8.97

3 Irell & Manella $995,000 10.05

4 Kirkland & Ellis $905,000 11.05

5 Sullivan & Cromwell $820,000 12.20

6 Gibson, Dunn & Crutcher $800,000 12.50

7 Munger, Tolles & Olson $790,000 12.66

8 Choate Hall & Stewart $775,000 12.90

9 Skadden, Arps, Slate, Meagher & Flom $700,000 14.29

10 Cahill Gordon & Reindel $695,000 14.39

11 Latham & Watkins $685,000 14.60

12 Cravath, Swaine & Moore $680,000 14.71

13 Simpson Thacher & Bartlett $675,000 14.81

14 Boies, Schiller & Flexner $660,000 15.15

15 Milbank, Tweed, Hadley & McCloy $640,000 15.63

15 Paul Hastings $640,000 15.63

15 Willkie Farr & Gallagher $640,000 15.63

18 BuckleySandler $620,000 16.13

19 Jeffer Mangels Butler & Mitchell $615,000 16.26

20 Paul, Weiss, Rifkind, Wharton & Garrison $600,000 16.67

ZGuide • 25

2016

VPL

Ra

nk

Firm


FY 2015

Lawyers Needed


20 Williams & Connolly $600,000 16.67

22 Fried, Frank, Harris, Shriver & Jacobson $580,000 17.24

22 King & Spalding $580,000 17.24

22 Proskauer Rose $580,000 17.24

25 Goodwin Procter $575,000 17.39

26 Debevoise & Plimpton $570,000 17.54

27 Davis Polk & Wardwell $565,000 17.70

28 Akin Gump Strauss Hauer & Feld $560,000 17.86

28 Schulte Roth & Zabel $560,000 17.86

28 Wilmer Cutler Pickering Hale and Dorr $560,000 17.86

31 Fish & Richardson $555,000 18.02

32 Dechert $545,000 18.35

32 Honigman Miller Schwartz and Cohn $545,000 18.35

32 Jenner & Block $545,000 18.35

32 Vinson & Elkins $545,000 18.35

36 Baker Botts $525,000 19.05

36 Cooley $525,000 19.05

36 Sidley Austin $525,000 19.05

39 Ropes & Gray $515,000 19.42

40 Allen Matkins Leck Gamble Mallory & Natsis $510,000 19.61

Firms noted with a star () are on The American Lawyer's “A-List.” (See the methodology on pages 2 and 3.) Names of firms ranked 101 to 200 on The Am Law 200 are in bold. See headnotes on the chart ranking firms by Profits Per Equity Partner for information about changes in firms' status in 2015/2016 .

26 • ZGuide

2016

VPL

Ra

nk

Firm


FY 2015

Lawyers Needed


40 McDermott Will & Emery $510,000 19.61

42 Brown Rudnick $505,000 19.80

42 Hughes Hubbard & Reed $505,000 19.80

44 Kramer Levin Naftalis & Frankel $500,000 20.00

44 Weil, Gotshal & Manges $500,000 20.00

44 Wilson Sonsini Goodrich & Rosati $500,000 20.00

47 Fenwick & West $490,000 20.41

47 O'Melveny & Myers $490,000 20.41

49 Chapman and Cutler $485,000 20.62

49 Cleary Gottlieb Steen & Hamilton $485,000 20.62

51 Morgan, Lewis & Bockius $480,000 20.83

52 Winston & Strawn $475,000 21.05

53 Katten Muchin Rosenman $470,000 21.28

54 Sheppard, Mullin, Richter & Hampton $465,000 21.51

55 Alston & Bird $460,000 21.74

56 Goulston & Storrs $455,000 21.98

56 Morrison & Foerster $455,000 21.98

58 Patterson Belknap Webb & Tyler $450,000 22.22

59 Andrews Kurth $445,000 22.47

59 Barnes & Thornburg $445,000 22.47


ZGuide • 27

2016

VPL

Ra

nk

Firm


FY 2015

Lawyers Needed


61 Pillsbury Winthrop Shaw Pittman $440,000 22.73

62 Vedder Price $430,000 23.26

63 Arnold & Porter $425,000 23.53

63 Loeb & Loeb $425,000 23.53

65 Manatt, Phelps & Phillips $420,000 23.81

65 Schiff Hardin $420,000 23.81

67 Covington & Burling $415,000 24.10

67 Lowenstein Sandler $415,000 24.10

67 Stroock & Stroock & Lavan $415,000 24.10

70 Morris, Manning & Martin $410,000 24.39

70 Robins Kaplan $410,000 24.39

72 Finnegan, Henderson, Farabow, Garrett & Dunner $405,000 24.69

72 Greenberg Traurig $405,000 24.69

72 Orrick, Herrington & Sutcliffe $405,000 24.69

75 Thompson & Knight $395,000 25.32

76 Jackson Walker $390,000 25.64

76 Kaye Scholer $390,000 25.64

78 Kasowitz, Benson, Torres & Friedman $380,000 26.32

79 Brownstein Hyatt Farber Schreck $375,000 26.67

79 Moore & Van Allen $375,000 26.67

28 • ZGuide

2016

VPL

Ra

nk

Firm


FY 2015

Lawyers Needed


79 Shearman & Sterling $375,000 26.67

82 Holland & Knight $370,000 27.03

82 Venable $370,000 27.03

84 Arent Fox $365,000 27.40

84 Jones Day $365,000 27.40

84 Pepper Hamilton $365,000 27.40

84 Perkins Coie $365,000 27.40

84 Winstead $365,000 27.40

89 Gardere Wynne Sewell $360,000 27.78

89 Mayer Brown $360,000 27.78

89 Troutman Sanders $360,000 27.78

92 Bradley Arant Boult Cummings $355,000 28.17

93 Foley Hoag $350,000 28.57

93 Shutts & Bowen $350,000 28.57

93 White & Case $350,000 28.57

96 Carlton Fields Jorden Burt $345,000 28.99

96 Faegre Baker Daniels $345,000 28.99

96 Foley & Lardner $345,000 28.99

99 Bracewell & Giuliani $340,000 29.41

99 Sutherland Asbill & Brennan $340,000 29.41


ZGuide • 29

2016

VPL

Ra

nk

Firm


FY 2015

Lawyers Needed


101 Arnall Golden Gregory $335,000 29.85

101 Hinckley, Allen & Snyder $335,000 29.85

101 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo $335,000 29.85

104 Herrick, Feinstein $330,000 30.30

105 Cadwalader, Wickersham & Taft $325,000 30.77

106 Blank Rome $320,000 31.25

106 Hogan Lovells $320,000 31.25

106 Hunton & Williams $320,000 31.25

106 Nelson Mullins Riley & Scarborough $320,000 31.25

106 Rutan & Tucker $320,000 31.25

106 Sherman & Howard $320,000 31.25

112 Ice Miller $315,000 31.75

112 Steptoe & Johnson $315,000 31.75

112 Wiley Rein $315,000 31.75

115 Davis Wright Tremaine $310,000 32.26

115 Drinker Biddle & Reath $310,000 32.26

115 Nossaman $310,000 32.26

115 Reed Smith $310,000 32.26

115 Seyfarth Shaw $310,000 32.26

115 Shumaker, Loop & Kendrick $310,000 32.26

30 • ZGuide

2016

VPL

Ra

nk

Firm


FY 2015

Lawyers Needed


115 Snell & Wilmer $310,000 32.26

115 Sullivan & Worcester $310,000 32.26

123 Baker & Hostetler $305,000 32.79

123 Nixon Peabody $305,000 32.79

123 Thompson Coburn $305,000 32.79

126 Cozen O'Connor $300,000 33.33

126 Crowell & Moring $300,000 33.33

126 Duane Morris $300,000 33.33

126 Haynes and Boone $300,000 33.33

126 McGuireWoods $300,000 33.33

131 Gibbons $295,000 33.90

131 Kelley Drye & Warren $295,000 33.90

131 Stinson Leonard Street $295,000 33.90

134 Akerman $290,000 34.48

134 Womble Carlyle Sandridge & Rice $290,000 34.48

136 K&L Gates $285,000 35.09

136 Quarles & Brady $285,000 35.09

138 Ballard Spahr $280,000 35.71

138 Day Pitney $280,000 35.71

138 Stoel Rives $280,000 35.71


ZGuide • 31

2016

VPL

Ra

nk

Firm


FY 2015

Lawyers Needed


141 Fox Rothschild $275,000 36.36

141 Kilpatrick Townsend & Stockton $275,000 36.36

143 DLA Piper $270,000 37.04

143 Fragomen, Del Rey, Bernsen & Loewy $270,000 37.04

143 Knobbe, Martens, Olson & Bear $270,000 37.04

143 Locke Lord $270,000 37.04

147 Adams and Reese $265,000 37.74

147 Baker & McKenzie $265,000 37.74

147 GrayRobinson $265,000 37.74

147 Shook, Hardy & Bacon $265,000 37.74

151 Bryan Cave $260,000 38.46

151 Chadbourne & Parke $260,000 38.46

151 Dorsey & Whitney $260,000 38.46

151 Lewis Roca Rothgerber $260,000 38.46

151 Michael Best & Friedrich $260,000 38.46

151 Polsinelli $260,000 38.46

151 Saul Ewing $260,000 38.46

151 Sills Cummis & Gross $260,000 38.46

159 Armstrong Teasdale $255,000 39.22

159 Fisher & Phillips $255,000 39.22

32 • ZGuide

2016

VPL

Ra

nk

Firm


FY 2015

Lawyers Needed


159 Fitzpatrick, Cella, Harper & Scinto $255,000 39.22

159 Jackson Lewis $255,000 39.22

159 Kutak Rock $255,000 39.22

159 McCarter & English $255,000 39.22

165 Dickinson Wright $250,000 40.00

165 Frost Brown Todd $250,000 40.00

165 Husch Blackwell $250,000 40.00

165 Thompson Hine $250,000 40.00

169 Buchanan Ingersoll & Rooney $245,000 40.82

169 Burr & Forman $245,000 40.82

169 Greenspoon Marder $245,000 40.82

169 Lane Powell $245,000 40.82

169 Porter Wright Morris & Arthur $245,000 40.82

174 Holland & Hart $240,000 41.67

174 Smith, Gambrell & Russell $240,000 41.67

176 Vorys, Sater, Seymour and Pease $235,000 42.55

177 Ogletree, Deakins, Nash, Smoak & Stewart $230,000 43.48

178 Lewis Brisbois Bisgaard & Smith $225,000 44.44

178 Miller, Canfield, Paddock and Stone $225,000 44.44

180 Hinshaw & Culbertson $220,000 45.45


ZGuide • 33

2016

VPL

Ra

nk

Firm


FY 2015

Lawyers Needed


180 Robinson & Cole $220,000 45.45

182 Dykema Gossett $215,000 46.51

182 Lathrop & Gage $215,000 46.51

182 LeClairRyan $215,000 46.51

185 Baker, Donelson, Bearman, Caldwell & Berkowitz $210,000 47.62

186 Archer & Greiner $200,000 50.00

186 Clark Hill $200,000 50.00

186 McElroy, Deutsch, Mulvaney & Carpenter $200,000 50.00

186 Norton Rose Fulbright $200,000 50.00

186 Sedgwick $200,000 50.00

191 Dinsmore & Shohl $195,000 51.28

191 Phelps Dunbar $195,000 51.28

191 Strasburger & Price $195,000 51.28

191 Williams Mullen $195,000 51.28

195 Bond, Schoeneck & King $190,000 52.63

195 Littler Mendelson $190,000 52.63

197 Squire Patton Boggs $175,000 57.14

198 Gordon Rees Scully Mansukhani $150,000 66.67

199 Curtis, Mallet-Prevost, Colt & Mosle $115,000 86.96

199 Wilson Elser Moskowitz Edelman & Dicker $115,000 86.96

34 • ZGuide

The Global 100 charts rank the world's largest law firms by profits per equity partner, revenue, head count, and the number of countries in which a firm has offices. The charts were produced by ALM Legal Intelligence with reporting by The American Lawyer and other ALM publications, and appeared in the October 2015 issue of The American Lawyer. Although foreign law firms differ in structure from U.S. law firms, steps were taken in the research process to level the playing field. Currency conversion rates (except vereins) are based on the annual average conversion rate of 2015 published by the U.S. Federal Reserve. A total of 123 firms were included on the global charts.

Number of LawyersThis is based on the average number of full-time equivalent lawyers at the firm. A firm's ranking on the Global 100 By Lawyers list is included here. Many firms that were in the top 100 by PPEP were not large enough to make the top 100 based on number of lawyers.

Location of FirmsThe country listed is the country where the firm had the highest percentage of lawyers.

Methodology

The Global 100

ZGuide • 35

Profits Per Equity Partner (PPEP) figures were rounded to the nearest $5,000 and were obtained from the same sources that provided the revenue figures. The PPEP rankings ranked the 100 firms (of the 123) with the highest PPEPs, but only 95 of those firms were among the Global 100 ranked by gross revenue. Firms that would have ranked 65, 90, 91, 98, and 99 on the PPEP chart were not among the Global 100 by Revenue, and so were not included in the PPEP rankings for the Global 100.

Gross RevenueThe firms ranking by Gross Revenue are the world’s 100 highest-grossing law firms. Revenue figures are rounded to the nearest $500,000. Financial information for U.S.–based law firms was obtained from The American Lawyer’s Am Law 100 report. All other firms were surveyed directly.

Number of CountriesThe ranking in the last column of the Global 100 chart is based on the number of countries in which a firm has offices. u

36 • ZGuide

The Global 100The World’s Largest Firms, Ranked By Profits Per Equity Partner

2015

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1 Wachtell, Lipton, Rosen & Katz 267 Lawyers, 83 Equity Partners, U.S. $5,500,000 $702,500,000 52 $2,630,000 — —

2 Quinn Emanuel Urquhart & Sullivan 710 Lawyers, 147 Equity Partners, U.S. $4,925,000 $1,103,500,000 29 $1,555,000 87 34

3 Paul, Weiss, Rifkind, Wharton & Garrison 943 Lawyers, 135 Equity Partners, U.S. $3,845,000 $1,036,500,000 33 $1,100,000 50 66

4 Sullivan & Cromwell 805 Lawyers, 170 Equity Partners, U.S. $3,680,000 $1,276,000,000 18 $1,585,000 70 52

5 Kirkland & Ellis 1,576 Lawyers, 337 Equity Partners, U.S. $3,510,000 $2,150,000,000 6 $1,365,000 23 79

6 Simpson Thacher & Bartlett 929 Lawyers, 187 Equity Partners, U.S. $3,485,000 $1,245,500,000 22 $1,340,000 53 59

7 Cravath, Swaine & Moore 442 Lawyers, 91 Equity Partners, U.S. $3,365,000 $648,000,000 61 $1,465,000 — 99

8 Davis Polk & Wardwell 871 Lawyers, 153 Equity Partners, U.S. $3,295,000 $1,072,000,000 30 $1,230,000 62 52

9 Cleary Gottlieb Steen & Hamilton 1,178 Lawyers, 185 Equity Partners, U.S. $3,230,000 $1,250,000,000 21 $1,060,000 35 27

10 Gibson, Dunn & Crutcher 1,204 Lawyers, 292 Equity Partners, U.S. $3,045,000 $1,466,000,000 15 $1,215,000 34 34

11 Slaughter and May 486 Lawyers, 110 Equity Partners, U.K. $2,915,000 $525,500,000 75 $1,080,000 — 87

12 Skadden, Arps, Slate, Meagher & Flom 1,654 Lawyers, 383 Equity Partners, U.S. $2,905,000 $2,315,000,000 4 $1,400,000 21 25

13 Latham & Watkins 2,100 Lawyers, 457 Equity Partners, U.S. $2,900,000 $2,612,000,000 1 $1,245,000 13 23

14 Milbank, Tweed, Hadley & McCloy 614 Lawyers, 144 Equity Partners, U.S. $2,745,000 $761,000,000 48 $1,240,000 — 52

15 Willkie Farr & Gallagher 554 Lawyers, 138 Equity Partners, U.S. $2,560,000 $640,000,000 64 $1,155,000 — 59

16 Weil, Gotshal & Manges 1,072 Lawyers, 171 Equity Partners, U.S. $2,405,000 $1,151,000,000 26 $1,075,000 39 34

17 Debevoise & Plimpton 615 Lawyers, 134 Equity Partners, U.S. $2,380,000 $710,500,000 49 $1,155,000 — 59

18 Paul Hastings 873 Lawyers, 197 Equity Partners, U.S. $2,360,000 $1,000,500,000 34 $1,145,000 61 34

19 King & Spalding 886 Lawyers, 170 Equity Partners, U.S. $2,355,000 $934,000,000 36 $1,055,000 58 34

20 Dechert 877 Lawyers, 163 Equity Partners, U.S. $2,315,000 $839,500,000 43 $955,000 60 25

ZGuide • 37

2015

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1 Wachtell, Lipton, Rosen & Katz 267 Lawyers, 83 Equity Partners, U.S. $5,500,000 $702,500,000 52 $2,630,000 — —

2 Quinn Emanuel Urquhart & Sullivan 710 Lawyers, 147 Equity Partners, U.S. $4,925,000 $1,103,500,000 29 $1,555,000 87 34

3 Paul, Weiss, Rifkind, Wharton & Garrison 943 Lawyers, 135 Equity Partners, U.S. $3,845,000 $1,036,500,000 33 $1,100,000 50 66

4 Sullivan & Cromwell 805 Lawyers, 170 Equity Partners, U.S. $3,680,000 $1,276,000,000 18 $1,585,000 70 52

5 Kirkland & Ellis 1,576 Lawyers, 337 Equity Partners, U.S. $3,510,000 $2,150,000,000 6 $1,365,000 23 79

6 Simpson Thacher & Bartlett 929 Lawyers, 187 Equity Partners, U.S. $3,485,000 $1,245,500,000 22 $1,340,000 53 59

7 Cravath, Swaine & Moore 442 Lawyers, 91 Equity Partners, U.S. $3,365,000 $648,000,000 61 $1,465,000 — 99

8 Davis Polk & Wardwell 871 Lawyers, 153 Equity Partners, U.S. $3,295,000 $1,072,000,000 30 $1,230,000 62 52

9 Cleary Gottlieb Steen & Hamilton 1,178 Lawyers, 185 Equity Partners, U.S. $3,230,000 $1,250,000,000 21 $1,060,000 35 27

10 Gibson, Dunn & Crutcher 1,204 Lawyers, 292 Equity Partners, U.S. $3,045,000 $1,466,000,000 15 $1,215,000 34 34

11 Slaughter and May 486 Lawyers, 110 Equity Partners, U.K. $2,915,000 $525,500,000 75 $1,080,000 — 87

12 Skadden, Arps, Slate, Meagher & Flom 1,654 Lawyers, 383 Equity Partners, U.S. $2,905,000 $2,315,000,000 4 $1,400,000 21 25

13 Latham & Watkins 2,100 Lawyers, 457 Equity Partners, U.S. $2,900,000 $2,612,000,000 1 $1,245,000 13 23

14 Milbank, Tweed, Hadley & McCloy 614 Lawyers, 144 Equity Partners, U.S. $2,745,000 $761,000,000 48 $1,240,000 — 52

15 Willkie Farr & Gallagher 554 Lawyers, 138 Equity Partners, U.S. $2,560,000 $640,000,000 64 $1,155,000 — 59

16 Weil, Gotshal & Manges 1,072 Lawyers, 171 Equity Partners, U.S. $2,405,000 $1,151,000,000 26 $1,075,000 39 34

17 Debevoise & Plimpton 615 Lawyers, 134 Equity Partners, U.S. $2,380,000 $710,500,000 49 $1,155,000 — 59

18 Paul Hastings 873 Lawyers, 197 Equity Partners, U.S. $2,360,000 $1,000,500,000 34 $1,145,000 61 34

19 King & Spalding 886 Lawyers, 170 Equity Partners, U.S. $2,355,000 $934,000,000 36 $1,055,000 58 34

20 Dechert 877 Lawyers, 163 Equity Partners, U.S. $2,315,000 $839,500,000 43 $955,000 60 25

38 • ZGuide


2015

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20 Schulte Roth & Zabel 351 Lawyers, 84 Equity Partners, U.S. $2,315,000 $400,500,000 93 $1,140,000 — 99

22 Freshfields Bruckhaus Deringer 2,035 Lawyers, 419 Equity Partners, U.K. $2,260,000 $2,052,500,000 9 $1,010,000 15 13

23 Linklaters 2,252 Lawyers, 419 Equity Partners, U.K. $2,255,000 $2,088,000,000 8 $925,000 11 9

24 Cadwalader, Wickersham & Taft 452 Lawyers, 56 Equity Partners, U.S. $2,210,000 $481,500,000 77 $1,065,000 — 79

25 Hughes Hubbard & Reed 332 Lawyers, 77 Equity Partners, U.S. $2,145,000 $394,000,000 96 $1,185,000 — 87

26 Proskauer Rose 721 Lawyers, 172 Equity Partners, U.S. $2,100,000 $818,500,000 44 $1,135,000 85 66

27 White & Case 1,878 Lawyers, 275 Equity Partners, U.S. $2,005,000 $1,503,000,000 14 $800,000 17 6

28 Sidley Austin 1,761 Lawyers, 306 Equity Partners, U.S. $1,990,000 $1,753,500,000 13 $995,000 19 34

29 Allen & Overy 2,172 Lawyers, 440 Equity Partners, U.K. $1,985,000 $2,112,000,000 7 $970,000 12 3

30 Ropes & Gray 1,041 Lawyers, 268 Equity Partners, U.S. $1,930,000 $1,115,500,000 28 $1,070,000 41 66

31 Vinson & Elkins 624 Lawyers, 144 Equity Partners, U.S. $1,925,000 $653,500,000 58 $1,045,000 — 52

32 Wilson Sonsini Goodrich & Rosati 670 Lawyers, 125 Equity Partners, U.S. $1,910,000 $646,000,000 62 $965,000 97 87

33 Shearman & Sterling 821 Lawyers, 157 Equity Partners, U.S. $1,905,000 $845,000,000 42 $1,030,000 67 27

34 Akin Gump Strauss Hauer & Feld 822 Lawyers, 189 Equity Partners, U.S. $1,885,000 $868,000,000 41 $1,055,000 66 44

35 Clifford Chance 2,495 Lawyers, 403 Equity Partners, U.K. $1,840,000 $2,225,500,000 5 $890,000 8 8

36 Fragomen, Del Rey, Bernsen & Loewy 469 Lawyers, 62 Equity Partners, U.S. $1,835,000 $441,000,000 84 $940,000 — 13

37 Fried, Frank, Harris, Shriver & Jacobson 414 Lawyers, 107 Equity Partners, U.S. $1,815,000 $460,000,000 80 $1,110,000 — 66

38 Goodwin Procter 755 Lawyers, 189 Equity Partners, U.S. $1,745,000 $785,500,000 46 $1,040,000 77 87

39 Cooley 755 Lawyers, 176 Equity Partners, U.S. $1,735,000 $802,000,000 45 $1,060,000 77 99

40 Baker Botts 694 Lawyers, 176 Equity Partners, U.S. $1,700,000 $653,000,000 59 $940,000 92 44

ZGuide • 39

2015

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20 Schulte Roth & Zabel 351 Lawyers, 84 Equity Partners, U.S. $2,315,000 $400,500,000 93 $1,140,000 — 99

22 Freshfields Bruckhaus Deringer 2,035 Lawyers, 419 Equity Partners, U.K. $2,260,000 $2,052,500,000 9 $1,010,000 15 13

23 Linklaters 2,252 Lawyers, 419 Equity Partners, U.K. $2,255,000 $2,088,000,000 8 $925,000 11 9

24 Cadwalader, Wickersham & Taft 452 Lawyers, 56 Equity Partners, U.S. $2,210,000 $481,500,000 77 $1,065,000 — 79

25 Hughes Hubbard & Reed 332 Lawyers, 77 Equity Partners, U.S. $2,145,000 $394,000,000 96 $1,185,000 — 87

26 Proskauer Rose 721 Lawyers, 172 Equity Partners, U.S. $2,100,000 $818,500,000 44 $1,135,000 85 66

27 White & Case 1,878 Lawyers, 275 Equity Partners, U.S. $2,005,000 $1,503,000,000 14 $800,000 17 6

28 Sidley Austin 1,761 Lawyers, 306 Equity Partners, U.S. $1,990,000 $1,753,500,000 13 $995,000 19 34

29 Allen & Overy 2,172 Lawyers, 440 Equity Partners, U.K. $1,985,000 $2,112,000,000 7 $970,000 12 3

30 Ropes & Gray 1,041 Lawyers, 268 Equity Partners, U.S. $1,930,000 $1,115,500,000 28 $1,070,000 41 66

31 Vinson & Elkins 624 Lawyers, 144 Equity Partners, U.S. $1,925,000 $653,500,000 58 $1,045,000 — 52

32 Wilson Sonsini Goodrich & Rosati 670 Lawyers, 125 Equity Partners, U.S. $1,910,000 $646,000,000 62 $965,000 97 87

33 Shearman & Sterling 821 Lawyers, 157 Equity Partners, U.S. $1,905,000 $845,000,000 42 $1,030,000 67 27

34 Akin Gump Strauss Hauer & Feld 822 Lawyers, 189 Equity Partners, U.S. $1,885,000 $868,000,000 41 $1,055,000 66 44

35 Clifford Chance 2,495 Lawyers, 403 Equity Partners, U.K. $1,840,000 $2,225,500,000 5 $890,000 8 8

36 Fragomen, Del Rey, Bernsen & Loewy 469 Lawyers, 62 Equity Partners, U.S. $1,835,000 $441,000,000 84 $940,000 — 13

37 Fried, Frank, Harris, Shriver & Jacobson 414 Lawyers, 107 Equity Partners, U.S. $1,815,000 $460,000,000 80 $1,110,000 — 66

38 Goodwin Procter 755 Lawyers, 189 Equity Partners, U.S. $1,745,000 $785,500,000 46 $1,040,000 77 87

39 Cooley 755 Lawyers, 176 Equity Partners, U.S. $1,735,000 $802,000,000 45 $1,060,000 77 99

40 Baker Botts 694 Lawyers, 176 Equity Partners, U.S. $1,700,000 $653,000,000 59 $940,000 92 44

40 • ZGuide


2015

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41 Winston & Strawn 808 Lawyers, 158 Equity Partners, U.S. $1,685,000 $785,500,000 46 $970,000 69 44

42 Jenner & Block 401 Lawyers, 105 Equity Partners, U.S. $1,615,000 $408,000,000 91 $1,015,000 — —

43 Morgan, Lewis & Bockius 1 1,338 Lawyers, 360 Equity Partners, U.S. $1,610,000 $1,317,000,000 17 $985,000 27 31

44 Wilmer Cutler Pickering Hale and Dorr 926 Lawyers, 286 Equity Partners, U.S. $1,605,000 $1,071,000,000 31 $1,155,000 54 66

45 Orrick, Herrington & Sutcliffe 891 Lawyers, 141 Equity Partners, U.S. $1,595,000 $877,000,000 39 $985,000 56 44

45 O'Melveny & Myers 663 Lawyers, 169 Equity Partners, U.S. $1,595,000 $665,000,000 55 $1,005,000 98 44

47 Alston & Bird 759 Lawyers, 146 Equity Partners, U.S. $1,545,000 $645,500,000 63 $850,000 76 99

48 McDermott Will & Emery 997 Lawyers, 203 Equity Partners, U.S. $1,530,000 $900,000,000 38 $900,000 46 44

49 Williams & Connolly 307 Lawyers, 118 Equity Partners, U.S. $1,515,000 $399,000,000 94 $1,300,000 — —

50 DLA Piper 2 3,702 Lawyers, 448 Equity Partners, U.S. (Verein) $1,490,000 $2,480,500,000 2 $670,000 3 4

51 Mayer Brown 1,486 Lawyers, 280 Equity Partners, U.S. $1,450,000 $1,223,000,000 24 $825,000 24 31

52 Greenberg Traurig 1,730 Lawyers, 299 Equity Partners, U.S. $1,425,000 $1,270,500,000 20 $735,000 20 44

53 Morrison & Foerster 988 Lawyers, 261 Equity Partners, U.S. $1,415,000 $968,500,000 35 $980,000 47 52

54 Katten Muchin Rosenman 632 Lawyers, 146 Equity Partners, U.S. $1,395,000 $537,500,000 74 $850,000 100 87

55 Arnold & Porter 699 Lawyers, 233 Equity Partners, U.S. $1,385,000 $694,500,000 53 $995,000 91 87

56 Sheppard, Mullin, Richter & Hampton 584 Lawyers, 114 Equity Partners, U.S. $1,365,000 $510,500,000 76 $875,000 — 66

57 Covington & Burling 774 Lawyers, 248 Equity Partners, U.S. $1,335,000 $709,000,000 51 $915,000 74 66

58 Bingham McCutchen 3 715 Lawyers, 130 Equity Partners, U.S. $1,330,000 $665,000,000 55 $930,000 86 66

59 Herbert Smith Freehills 1,868 Lawyers, 324 Equity Partners, Australia $1,320,000 $1,343,500,000 16 $720,000 18 21

60 Ashurst 1,478 Lawyers, 264 Equity Partners, U.K. $1,280,000 $925,000,000 37 $625,000 25 21

ZGuide • 41

1 Census numbers and financials do not include the lawyers who joined from the former Bingham McCutchen in late November. 2 Vereins and European Economic Interest Groups (EEIGs) differ structurally from other Global 100 firms, especially in regard to

profit sharing. 3 Bingham McCutchen ceased operations in December 2014.

2015

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41 Winston & Strawn 808 Lawyers, 158 Equity Partners, U.S. $1,685,000 $785,500,000 46 $970,000 69 44

42 Jenner & Block 401 Lawyers, 105 Equity Partners, U.S. $1,615,000 $408,000,000 91 $1,015,000 — —

43 Morgan, Lewis & Bockius 1 1,338 Lawyers, 360 Equity Partners, U.S. $1,610,000 $1,317,000,000 17 $985,000 27 31

44 Wilmer Cutler Pickering Hale and Dorr 926 Lawyers, 286 Equity Partners, U.S. $1,605,000 $1,071,000,000 31 $1,155,000 54 66

45 Orrick, Herrington & Sutcliffe 891 Lawyers, 141 Equity Partners, U.S. $1,595,000 $877,000,000 39 $985,000 56 44

45 O'Melveny & Myers 663 Lawyers, 169 Equity Partners, U.S. $1,595,000 $665,000,000 55 $1,005,000 98 44

47 Alston & Bird 759 Lawyers, 146 Equity Partners, U.S. $1,545,000 $645,500,000 63 $850,000 76 99

48 McDermott Will & Emery 997 Lawyers, 203 Equity Partners, U.S. $1,530,000 $900,000,000 38 $900,000 46 44

49 Williams & Connolly 307 Lawyers, 118 Equity Partners, U.S. $1,515,000 $399,000,000 94 $1,300,000 — —

50 DLA Piper 2 3,702 Lawyers, 448 Equity Partners, U.S. (Verein) $1,490,000 $2,480,500,000 2 $670,000 3 4

51 Mayer Brown 1,486 Lawyers, 280 Equity Partners, U.S. $1,450,000 $1,223,000,000 24 $825,000 24 31

52 Greenberg Traurig 1,730 Lawyers, 299 Equity Partners, U.S. $1,425,000 $1,270,500,000 20 $735,000 20 44

53 Morrison & Foerster 988 Lawyers, 261 Equity Partners, U.S. $1,415,000 $968,500,000 35 $980,000 47 52

54 Katten Muchin Rosenman 632 Lawyers, 146 Equity Partners, U.S. $1,395,000 $537,500,000 74 $850,000 100 87

55 Arnold & Porter 699 Lawyers, 233 Equity Partners, U.S. $1,385,000 $694,500,000 53 $995,000 91 87

56 Sheppard, Mullin, Richter & Hampton 584 Lawyers, 114 Equity Partners, U.S. $1,365,000 $510,500,000 76 $875,000 — 66

57 Covington & Burling 774 Lawyers, 248 Equity Partners, U.S. $1,335,000 $709,000,000 51 $915,000 74 66

58 Bingham McCutchen 3 715 Lawyers, 130 Equity Partners, U.S. $1,330,000 $665,000,000 55 $930,000 86 66

59 Herbert Smith Freehills 1,868 Lawyers, 324 Equity Partners, Australia $1,320,000 $1,343,500,000 16 $720,000 18 21

60 Ashurst 1,478 Lawyers, 264 Equity Partners, U.K. $1,280,000 $925,000,000 37 $625,000 25 21


42 • ZGuide

2015

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61 Eversheds 1,211 Lawyers, 118 Equity Partners, U.K. $1,225,000 $627,500,000 66 $520,000 33 34

61 Loyens & Loeff 793 Lawyers, 100 Equity Partners, Netherlands $1,225,000 $387,000,000 99 $490,000 72 30

63 Hogan Lovells 2

2,360 Lawyers, 509 Equity Partners, U.S. (Verein) $1,215,000 $1,779,500,000 12 $755,000 9 9

64 Reed Smith 1,638 Lawyers, 302 Equity Partners, U.S. $1,205,000 $1,152,000,000 25 $705,000 22 34

66 Pillsbury Winthrop Shaw Pittman 591 Lawyers, 165 Equity Partners, U.S. $1,165,000 $560,000,000 71 $950,000 — 66

67 Baker & McKenzie 2 4,363 Lawyers, 702 Equity Partners, U.S. (Verein) $1,140,000 $2,430,000,000 3 $555,000 1 1

68 Holland & Knight 1,009 Lawyers, 172 Equity Partners, U.S. $1,135,000 $688,500,000 54 $680,000 42 87

69 Perkins Coie 913 Lawyers, 181 Equity Partners, U.S. $1,095,000 $710,000,000 50 $780,000 55 99

70 Clyde & Co 1,238 Lawyers, 165 Equity Partners, U.K. $1,090,000 $651,500,000 60 $525,000 32 13

71 Simmons & Simmons 735 Lawyers, 146 Equity Partners, U.K. $1,070,000 $478,000,000 78 $650,000 82 13

72 Foley & Lardner 849 Lawyers, 153 Equity Partners, U.S. $1,065,000 $665,000,000 55 $785,000 64 79

73 Berwin Leighton Paisner 725 Lawyers, 86 Equity Partners, U.K. $1,050,000 $427,500,000 87 $590,000 83 34

74 Hunton & Williams 707 Lawyers, 212 Equity Partners, U.S. $1,000,000 $568,000,000 70 $805,000 88 59

75 Minter Ellison 792 Lawyers, 160 Equity Partners, Australia $995,000 $391,000,000 97 $495,000 73 66

76 Venable 564 Lawyers, 163 Equity Partners, U.S. $970,000 $442,000,000 83 $785,000 — —

76 Locke Lord 4 578 Lawyers, 160 Equity Partners, U.S. $970,000 $426,500,000 88 $740,000 — 87

78 McGuireWoods 939 Lawyers, 182 Equity Partners, U.S. $960,000 $620,000,000 67 $660,000 52 87

79 Pepper Hamilton 508 Lawyers, 139 Equity Partners, U.S. $945,000 $384,500,000 100 $755,000 — —

80 Seyfarth Shaw 772 Lawyers, 195 Equity Partners, U.S. $940,000 $555,000,000 72 $720,000 75 79

81 Jones Day 2,510 Lawyers, 933 Equity Partners, U.S. $930,000 $1,850,000,000 10 $735,000 7 13

ZGuide • 43

2015

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61 Eversheds 1,211 Lawyers, 118 Equity Partners, U.K. $1,225,000 $627,500,000 66 $520,000 33 34

61 Loyens & Loeff 793 Lawyers, 100 Equity Partners, Netherlands $1,225,000 $387,000,000 99 $490,000 72 30

63 Hogan Lovells 2

2,360 Lawyers, 509 Equity Partners, U.S. (Verein) $1,215,000 $1,779,500,000 12 $755,000 9 9

64 Reed Smith 1,638 Lawyers, 302 Equity Partners, U.S. $1,205,000 $1,152,000,000 25 $705,000 22 34

66 Pillsbury Winthrop Shaw Pittman 591 Lawyers, 165 Equity Partners, U.S. $1,165,000 $560,000,000 71 $950,000 — 66

67 Baker & McKenzie 2 4,363 Lawyers, 702 Equity Partners, U.S. (Verein) $1,140,000 $2,430,000,000 3 $555,000 1 1

68 Holland & Knight 1,009 Lawyers, 172 Equity Partners, U.S. $1,135,000 $688,500,000 54 $680,000 42 87

69 Perkins Coie 913 Lawyers, 181 Equity Partners, U.S. $1,095,000 $710,000,000 50 $780,000 55 99

70 Clyde & Co 1,238 Lawyers, 165 Equity Partners, U.K. $1,090,000 $651,500,000 60 $525,000 32 13

71 Simmons & Simmons 735 Lawyers, 146 Equity Partners, U.K. $1,070,000 $478,000,000 78 $650,000 82 13

72 Foley & Lardner 849 Lawyers, 153 Equity Partners, U.S. $1,065,000 $665,000,000 55 $785,000 64 79

73 Berwin Leighton Paisner 725 Lawyers, 86 Equity Partners, U.K. $1,050,000 $427,500,000 87 $590,000 83 34

74 Hunton & Williams 707 Lawyers, 212 Equity Partners, U.S. $1,000,000 $568,000,000 70 $805,000 88 59

75 Minter Ellison 792 Lawyers, 160 Equity Partners, Australia $995,000 $391,000,000 97 $495,000 73 66

76 Venable 564 Lawyers, 163 Equity Partners, U.S. $970,000 $442,000,000 83 $785,000 — —

76 Locke Lord 4 578 Lawyers, 160 Equity Partners, U.S. $970,000 $426,500,000 88 $740,000 — 87

78 McGuireWoods 939 Lawyers, 182 Equity Partners, U.S. $960,000 $620,000,000 67 $660,000 52 87

79 Pepper Hamilton 508 Lawyers, 139 Equity Partners, U.S. $945,000 $384,500,000 100 $755,000 — —

80 Seyfarth Shaw 772 Lawyers, 195 Equity Partners, U.S. $940,000 $555,000,000 72 $720,000 75 79

81 Jones Day 2,510 Lawyers, 933 Equity Partners, U.S. $930,000 $1,850,000,000 10 $735,000 7 13

2 Vereins and European Economic Interest Groups (EEIGs) differ structurally from other Global 100 firms, especially in regard to profit sharing.

4 Locke Lord merged with Edwards Wildman Palmer in January 2015. Results are for the legacy operation only.

44 • ZGuide


2015

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82 Kilpatrick Townsend & Stockton 571 Lawyers, 111 Equity Partners, U.S. $925,000 $411,500,000 90 $720,000 — 79

83 Duane Morris 620 Lawyers, 122 Equity Partners, U.S. $900,000 $428,000,000 86 $690,000 — 66

84 Pinsent Masons 1,319 Lawyers, 156 Equity Partners, U.K. $890,000 $597,500,000 68 $455,000 28 34

85 Squire Patton Boggs 2 1,356 Lawyers, 154 Equity Partners, U.S. $840,000 $870,500,000 40 $640,000 26 9

86 K&L Gates 1,952 Lawyers, 252 Equity Partners, U.S. $830,000 $1,145,500,000 27 $585,000 16 19

87 Bryan Cave 977 Lawyers, 214 Equity Partners, U.S. $815,000 $635,500,000 65 $650,000 48 59

88 Baker & Hostetler 878 Lawyers, 171 Equity Partners, U.S. $810,000 $579,000,000 69 $660,000 59 —

89 Troutman Sanders 593 Lawyers, 197 Equity Partners, U.S. $805,000 $422,500,000 89 $715,000 — 99

92 CMS Legal Services 2 2,522 Lawyers, 514 Equity Partners, Germany (Verein) $775,000 $1,242,500,000 23 $495,000 6 2

93 Faegre Baker Daniels 672 Lawyers, 239 Equity Partners, U.S. $770,000 $456,500,000 81 $680,000 96 87

94 Nixon Peabody 573 Lawyers, 145 Equity Partners, U.S. $760,000 $407,000,000 92 $710,000 — 99

95 Bird & Bird 962 Lawyers, 91 Equity Partners, U.K. $750,000 $432,500,000 85 $450,000 49 13

96 J&A Garrigues 1,319 Lawyers, 243 Equity Partners, Spain $735,000 $446,000,000 82 $340,000 28 27

97 Dentons 2 2,285 Lawyers, 484 Equity Partners, U.S. (Verein) $680,000 $1,275,000,000 19 $560,000 10 5

100 Taylor Wessing 819 Lawyers, 196 Equity Partners, Germany $640,000 $395,500,000 95 $485,000 68 19

ZGuide • 45

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82 Kilpatrick Townsend & Stockton 571 Lawyers, 111 Equity Partners, U.S. $925,000 $411,500,000 90 $720,000 — 79

83 Duane Morris 620 Lawyers, 122 Equity Partners, U.S. $900,000 $428,000,000 86 $690,000 — 66

84 Pinsent Masons 1,319 Lawyers, 156 Equity Partners, U.K. $890,000 $597,500,000 68 $455,000 28 34

85 Squire Patton Boggs 2 1,356 Lawyers, 154 Equity Partners, U.S. $840,000 $870,500,000 40 $640,000 26 9

86 K&L Gates 1,952 Lawyers, 252 Equity Partners, U.S. $830,000 $1,145,500,000 27 $585,000 16 19

87 Bryan Cave 977 Lawyers, 214 Equity Partners, U.S. $815,000 $635,500,000 65 $650,000 48 59

88 Baker & Hostetler 878 Lawyers, 171 Equity Partners, U.S. $810,000 $579,000,000 69 $660,000 59 —

89 Troutman Sanders 593 Lawyers, 197 Equity Partners, U.S. $805,000 $422,500,000 89 $715,000 — 99

92 CMS Legal Services 2 2,522 Lawyers, 514 Equity Partners, Germany (Verein) $775,000 $1,242,500,000 23 $495,000 6 2

93 Faegre Baker Daniels 672 Lawyers, 239 Equity Partners, U.S. $770,000 $456,500,000 81 $680,000 96 87

94 Nixon Peabody 573 Lawyers, 145 Equity Partners, U.S. $760,000 $407,000,000 92 $710,000 — 99

95 Bird & Bird 962 Lawyers, 91 Equity Partners, U.K. $750,000 $432,500,000 85 $450,000 49 13

96 J&A Garrigues 1,319 Lawyers, 243 Equity Partners, Spain $735,000 $446,000,000 82 $340,000 28 27

97 Dentons 2 2,285 Lawyers, 484 Equity Partners, U.S. (Verein) $680,000 $1,275,000,000 19 $560,000 10 5

100 Taylor Wessing 819 Lawyers, 196 Equity Partners, Germany $640,000 $395,500,000 95 $485,000 68 19

2 Vereins and European Economic Interest Groups (EEIGs) differ structurally from other Global 100 firms, especially in regard to profit sharing.

46 • ZGuide

The Corporate Scorecard

The Corporate Scorecard was published online by The American Lawyer in April 2016, and details the performance of the law firms with the most active corporate finance and capital markets practices. The data for the rankings, culled by a number of third-party sources, is gathered by ALM Legal Intelligence. Unless otherwise noted, data includes only public, registered, underwritten offerings or deals transacted in the previous calendar year, including firmly underwritten rule 144a transactions, but not pure private placements or the filing of shelf registrations. Rankings are based on data reported as of February of each year.

Mergers and Acquisitions and Buyouts data includes deals with a North American–based target that were announced but not necessarily completed in 2015, and were valued at $100 million or more, including debt. Only counsel to bidders that billed more than $100,000 are given credit. In some cases, a firm’s involvement is prorated, depending on its role, and the firm is given partial credit. Source: Mergermarket

IPOs include offerings by U.S. and foreign corporations in the U.S. marketplace. Source: Thomson Reuters

Equities include includes worldwide issues by U.S. corporations, including secondaries, convertible bonds, and convertible and nonconvertible preferred stock. It excludes asset-backed securities and REITs. Source: Thomson Reuters

Methodology

ZGuide • 47

Corporate Debt includes both investment-grade and high-yield securities. Investment-grade debt includes securities with a Standard & Poor’s rating equal to or greater than BBB- and a Moody’s rating equal to or greater than Baa3, and split junk-rated securities. High-yield debt includes securities with an S&P rating equal to or less than BB+ and a Moody’s rating equal to or less than Ba1, but excludes split junk-rated securities. Securities not rated by either agency are assumed to be high yield. Both areas exclude certificates of deposit, general term notes, and issues by federal credit agencies, sovereigns, and national governments.Source: Thomson Reuters

Asset- and Mortgage-Backed Securities are counted as a single offering when multiple classes of securities are issued together with one legal adviser. Separate legal advisers are credited with the separate securities they handled. Mortgage-backed securities include commercial and residential offerings. Source: Thomson Reuters

Municipal Bonds data is based on new long-term municipal issues. Short-term, preliminary, and private placement issues are not included. Source: Thomson Reuters

Project Finance data is based on deals signed and funded in 2015 and includes only non-recourse and limited recourse facilities. Firms are credited for advising borrowers, concession awarders, commercial lenders, multilateral lenders, export credit agencies, guarantors, and divestors. Source: Thomson Reuters

REITs data includes equities and debt offerings by real estate investment trusts. Source: Thomson Reuters u

48 • ZGuide

Mergers & Acquisitions: Principal Counsel, By Volume

Firm

Rank by Number of Deals Number of Deals

Value of Deals (in millions)

2016 2015 2016 2015 2016

Kirkland & Ellis 1 1 380 146 $379,431

DLA Piper 2 20 265 46 $113,580

Latham & Watkins 3 2 262 145 $708,299

Jones Day 4 6 257 93 $193,610

Skadden, Arps, Slate, Meagher & Flom 5 3 234 133 $945,092

Stikeman Elliott 5 18 234 48 $274,579

White & Case 7 — 165 — $651,820

Weil, Gotshal & Manges 8 4 149 101 $626,462

Goodwin Procter 9 — 138 — $42,990

Sullivan & Cromwell 10 14 132 54 $539,805

Source: Mergermarket

Buyouts: Principal Counsel, by Volume

Firm

Rank by Number of Deals Number of Deals

Value of Deals (in millions)

2016 2015 2016 2015 2016

Kirkland & Ellis 1 1 114 42 $18,745

Ropes & Gray 2 3 44 17 $21,400

Latham & Watkins 3 2 29 20 $16,007

Jones Day 4 — 28 — $2,740

DLA Piper 5 — 23 — $1,930


Paul, Weiss, Rifkind, Wharton & Garrison 7 8 22 8 $17,098

Goodwin Procter 8 — 21 — $1,920

Winston & Strawn 9 — 21 — $290

Simpson Thacher & Bartlett 10 5 19 15 $28,285

Source: Mergermarket


ZGuide • 49

IPOs by U.S. Corporations: Issuers Counsel, by Volume

Firm

Rank by Number of Issues Number of Issues

Proceeds (in millions)

2016 2015 2016 2015 2016

Cooley 1 1 12 25 $1,331

Latham & Watkins 1 2 12 17 $1,836

Goodwin Procter 3 7 10 8 $1,160

Wilson Sonsini Goodrich & Rosati 3 3 10 15 $1,722


Gunderson Dettmer Stough Villeneuve Franklin & Hachigian 6 24 4 2 $737

Ropes & Gray 6 9 4 7 $1,052


Wilmer Cutler Pickering Hale and Dorr 6 11 4 6 $469

Baker Botts 10 17 3 3 $2,308

King & Spalding 10 — 3 — $325

Pepper Hamilton 10 — 3 — $298

Reed Smith 10 24 3 2 $164

Vinson & Elkins 10 4 3 12 $1,682

Source: Thomson Reuters

IPOs by Non-U.S. Corporations: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Maples & Calder 1 1 4 14 $98

AllBright Law Offices 2 — 3 — $31

Conyers Dill & Pearman 3 3 2 6 $188

Cooley 3 11 2 2 $202

Goodwin Procter 3 11 2 2 $292

Latham & Watkins 3 11 2 2 $84

Skadden, Arps, Slate, Meagher & Flom 3 1 2 14 $43


Years on charts indicate the year of the ranking, which is based on the previous years' transactions.

50 • ZGuide


Equities by Non-U.S. Corporations: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Seward & Kissel 1 17 7 2 $877

Cravath, Swaine & Moore 2 5 4 6 $2,693

Davis Polk & Wardwell 2 11 4 3 $416

Dorsey & Whitney 2 — 4 — $109

Haynes and Boone 2 — 4 — $48


Cooley 6 17 3 2 $488


Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. 6 — 3 — $34

Meitar Liquornik Geva Leshem Tal 6 34 3 1 $328

NautaDutilh 6 17 3 2 $2,119


White & Case 6 11 3 3 $328


Equities by U.S. Corporations: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Latham & Watkins 1 1 38 34 $9,763

Cooley 2 3 37 28 $4,457


Vinson & Elkins 3 2 26 33 $9,193

Ropes & Gray 5 17 19 10 $5,663


Kirkland & Ellis 7 6 14 18 $4,153


Wilmer Cutler Pickering Hale and Dorr 7 10 14 15 $2,057

Akin Gump Strauss Hauer & Feld 10 12 13 13 $4,496


ZGuide • 51

Equities by Non-U.S. Corporations: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Seward & Kissel 1 17 7 2 $877

Cravath, Swaine & Moore 2 5 4 6 $2,693

Davis Polk & Wardwell 2 11 4 3 $416

Dorsey & Whitney 2 — 4 — $109

Haynes and Boone 2 — 4 — $48


Cooley 6 17 3 2 $488


Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. 6 — 3 — $34

Meitar Liquornik Geva Leshem Tal 6 34 3 1 $328

NautaDutilh 6 17 3 2 $2,119


White & Case 6 11 3 3 $328


Investment-Grade Debt: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Davis Polk & Wardwell 1 1 51 59 $109,834

Sidley Austin 2 4 44 39 $17,500


McGuireWoods 4 25 43 8 $24,432



Cleary Gottlieb Steen & Hamilton 7 6 28 37 $56,248

Latham & Watkins 7 10 28 20 $26,004

Mayer Brown 9 10 26 20 $28,912

Allen & Overy 10 8 20 26 $11,573


High-Yield Debt: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Kirkland & Ellis 1 3 40 49 $23,101

Simpson Thacher & Bartlett 2 — 36 — $27,289

Latham & Watkins 3 1 34 58 $16,027


Vinson & Elkins 5 5 19 27 $10,533

Ropes & Gray 6 28 18 6 $13,886

Davis Polk & Wardwell 7 7 17 23 $15,270


Paul, Weiss, Rifkind, Wharton & Garrison 9 8 13 20 $4,500

White & Case 10 5 12 27 $9,271


Asset-Backed Securities: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Mayer Brown 1 1 55 51 $37,735

Sidley Austin 2 3 44 26 $20,850

Kirkland & Ellis 3 8 25 22 $17,277

Maples & Calder 3 4 25 25 $5,201

Morgan, Lewis & Bockius 5 4 19 25 $11,185

Cleary Gottlieb Steen & Hamilton 6 4 18 25 $5,491

White & Case 6 7 18 23 $5,980

Dechert 8 11 13 6 $3,862

Alston & Bird 9 — 7 — $4,165

Ashurst 9 15 7 2 $2,126

Latham & Watkins 9 — 7 — $1,415


Equities by U.S. Corporations: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Latham & Watkins 1 1 38 34 $9,763

Cooley 2 3 37 28 $4,457


Vinson & Elkins 3 2 26 33 $9,193

Ropes & Gray 5 17 19 10 $5,663


Kirkland & Ellis 7 6 14 18 $4,153


Wilmer Cutler Pickering Hale and Dorr 7 10 14 15 $2,057

Akin Gump Strauss Hauer & Feld 10 12 13 13 $4,496



52 • ZGuide


Project Finance: Lead Counsel, by Number of Financings

Firm

Rank by Number of Financings

Number of Financings


2016 2015 2016 2015 2016

Allen & Overy 1 1 86 77 $21,710

Clifford Chance 2 4 83 63 $17,526

Norton Rose Fulbright 3 3 67 64 $14,783

Milbank, Tweed, Hadley & McCloy 4 2 55 72 $15,679

Latham & Watkins 5 5 54 52 $11,099

Herbert Smith Freehills 6 6 52 51 $10,464

Linklaters 7 8 50 44 $13,396

Desai & Diwanji 8 11 49 35 $10,363

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados 8 24 49 17 $3,338

Ashurst 10 9 48 38 $10,531

White & Case 10 7 48 48 $19,017

Source: Dealogic

Mortgage-Backed Securities: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Sidley Austin 1 2 46 34 $27,002

Mayer Brown 2 6 8 7 $1,275

Clifford Chance 3 — 6 — $1,300

Morgan, Lewis & Bockius 3 7 6 2 $4,283

Orrick, Herrington & Sutcliffe 5 3 4 15 $1,670

Cadwalader, Wickersham & Taft 6 1 3 72 $1,605

Borden Ladner Gervais 7 — 1 — $4,056

Slaughter and May 7 — 1 — $1,037


Municipal Bonds: Bond Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Gilmore & Bell 1 1 465 420 $9,128

McCall, Parkhurst & Horton 2 3 439 359 $14,860

Kutak Rock 3 7 411 305 $13,334

Chapman and Cutler 4 2 408 393 $8,510

Quarles & Brady 5 4 399 345 $3,270

Hawkins Delafield & Wood 6 8 397 301 $23,078

Orrick, Herrington & Sutcliffe 7 6 391 321 $37,544

Norton Rose Fulbright 8 5 375 327 $14,083

Dinsmore & Shohl 9 9 257 257 $4,748

Locke Lord 10 11 253 217 $5,798


ZGuide • 53

REIT Equities: Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Venable 1 1 30 45 $5,253

Latham & Watkins 2 3 8 7 $1,518

Morrison & Foerster 3 13 7 3 $578



Clifford Chance 6 8 5 4 $735

Hogan Lovells 7 3 4 7 $873


Baker & McKenzie 9 8 3 4 $303

Baker, Donelson, Bearman, Caldwell & Berkowitz 9 29 3 1 $563

Cravath, Swaine & Moore 9 — 3 — $302

Hunton & Williams 9 2 3 11 $130

Kutak Rock 9 — 3 1 $621


REIT Debt : Issuers Counsel, by Volume

Firm



2016 2015 2016 2015 2016

Latham & Watkins 1 1 4 8 $1,416


Hogan Lovells 3 3 3 5 $798

Pillsbury Winthrop Shaw Pittman 3 19 3 1 $660

Allen & Overy 5 5 2 4 $759

CMS Legal Services 5 — 2 — $921

Dentons 5 — 2 — $647

DLA Piper 5 5 2 4 $1,032


Herbert Smith Freehills 5 19 2 1 $1,079

Jones Day 5 19 2 1 $893

Mayer Brown 5 9 2 3 $1,533

Morrison & Foerster 5 19 2 1 $598

Sidley Austin 5 — 2 — $1,592



54 • ZGuide

AAdams and Reese, 22, 31Akerman, 18, 30Akin Gump Strauss Hauer & Feld, 6, 25, 38, 50AllBright Law Offices, 49Allen & Overy, 38, 51, 52, 53Allen Matkins Leck Gamble Mallory & Natsis, 14, 25Alston & Bird, 8, 26, 40, 51Andrews Kurth, 10, 26Archer & Greiner, 22, 33Arent Fox, 14, 28Armstrong Teasdale, 20, 31Arnall Golden Gregory, 16, 29Arnold & Porter, 10, 27, 40Ashurst, 40, 51, 52

BBaker & Hostetler, 14, 30, 44Baker & McKenzie, 10, 31, 42, 53Baker Botts, 8, 25, 38, 49Baker, Donelson, Bearman, Caldwell & Berkowitz, 22, 33, 53Ballard Spahr, 18, 30Barnes & Thornburg, 14, 26Berwin Leighton Paisner, 42Bingham McCutchen, 40Bird & Bird, 44Blank Rome, 14, 29Boies, Schiller & Flexner, 4, 24Bond, Schoeneck & King, 22, 33Borden Ladner Gervais, 52Bracewell & Giuliani, 10, 28Bradley Arant Boult Cummings, 18, 28Brown Rudnick, 10, 26Brownstein Hyatt Farber Schreck, 14, 27Bryan Cave, 16, 31, 44Buchanan Ingersoll & Rooney, 18, 32BuckleySandler, 4, 24Burr & Forman, 22, 32

C Cadwalader, Wickersham & Taft, 6, 29, 38, 52 Cahill Gordon & Reindel, 4, 24Carlton Fields Jorden Burt, 16, 28Chadbourne & Parke, 10, 31Chapman and Cutler, 12, 26, 52Choate Hall & Stewart, 6, 24Clark Hill, 20, 33

Law Firm Index

ZGuide • 55

Cleary Gottlieb Steen & Hamilton, 4, 26, 36, 51Clifford Chance, 38, 52, 53Clyde & Co, 42CMS Legal Services, 44, 53Conyers Dill & Pearman, 49, 50Cooley, 6, 25, 38, 49, 50Covington & Burling, 10, 27, 40Cozen O'Connor, 16, 30Cravath, Swaine & Moore, 4, 24, 36, 50, 53Crowell & Moring, 12, 30Curtis, Mallet-Prevost, Colt & Mosle, 10, 33

DDavis Polk & Wardwell, 4, 25, 36, 50, 51Davis Wright Tremaine, 18, 29Day Pitney, 18, 30Debevoise & Plimpton, 4, 25, 36Dechert, 6, 25, 36, 51Dentons, 44, 53Desai & Diwanji, 52Dickinson Wright, 20, 32Dinsmore & Shohl, 22, 33, 52DLA Piper, 8, 31, 40, 48, 53Dorsey & Whitney, 18, 31, 50Drinker Biddle & Reath, 16, 29Duane Morris, 14, 30, 44Dykema Gossett, 22, 33

E Eversheds, 42

F Faegre Baker Daniels, 16, 28, 44Fenwick & West, 8, 26Finnegan, Henderson, Farabow, Garrett & Dunner, 10, 27Fish & Richardson, 10, 25Fisher & Phillips, 20, 31Fitzpatrick, Cella, Harper & Scinto, 18, 32Foley & Lardner, 12, 28, 42Foley Hoag, 12, 28Fox Rothschild, 16, 31Fragomen, Del Rey, Bernsen & Loewy, 6, 31, 38Freshfields Bruckhaus Deringer, 38Fried, Frank, Harris, Shriver & Jacobson, 6, 25, 38Frost Brown Todd, 22, 32

G Gardere Wynne Sewell, 16, 28Gibbons, 16, 30Gibson, Dunn & Crutcher, 4, 24, 36Gilmore & Bell, 52Goodwin Procter, 6, 25, 38, 48, 49, 50, 53Gordon Rees Scully Mansukhani, 16, 33Goulston & Storrs, 16, 26GrayRobinson, 22, 31Greenberg Traurig, 10, 27, 40Greenspoon Marder, 20, 32Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co., 50Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, 49

56 • ZGuide

Law Firm Index

H Hawkins Delafield & Wood, 52Haynes and Boone, 14, 30, 50Herbert Smith Freehills, 40, 52, 53Herrick, Feinstein, 14, 29Hinckley, Allen & Snyder, 18, 29Hinshaw & Culbertson, 20, 32Hogan Lovells, 10, 29, 42, 53Holland & Hart, 22, 32Holland & Knight, 10, 28, 42Honigman Miller Schwartz and Cohn, 16, 25Hughes Hubbard & Reed, 6, 26, 38Hunton & Williams, 14, 29, 42, 53Husch Blackwell, 18, 32

IIce Miller, 18, 29Irell & Manella, 4, 24

JJ&A Garrigues, 44Jackson Lewis, 18, 32Jackson Walker, 14, 27Jeffer Mangels Butler & Mitchell, 8, 24Jenner & Block, 8, 25, 40Jones Day, 12, 28, 42, 48, 53 K K&L Gates, 14, 30, 44Kasowitz, Benson, Torres & Friedman, 6, 27Katten Muchin Rosenman, 8, 26, 40Kaye Scholer, 10, 27Kelley Drye & Warren, 14, 30Kilpatrick Townsend & Stockton, 14, 31, 44King & Spalding, 6, 25, 36, 49Kirkland & Ellis, 4, 24, 36, 48, 50, 51Knobbe, Martens, Olson & Bear, 20, 31Kramer Levin Naftalis & Frankel, 8, 26Kutak Rock, 22, 32, 52, 53

LLane Powell, 22, 32Latham & Watkins, 4, 24, 36, 48, 49, 50, 51, 52, 53Lathrop & Gage, 20, 33LeClairRyan, 22, 33Lewis Brisbois Bisgaard & Smith, 16, 32Lewis Roca Rothgerber, 20, 31Linklaters, 38, 52Littler Mendelson, 22, 33Locke Lord, 14, 31, 42, 52Loeb & Loeb, 10, 27Lowenstein Sandler, 8, 27Loyens & Loeff, 42

MManatt, Phelps & Phillips, 10, 27Maples & Calder, 49, 51Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados, 52Mayer Brown, 8, 28, 40, 51, 52, 53McCall, Parkhurst & Horton, 52

ZGuide • 57

McCarter & English, 18, 32McDermott Will & Emery, 8, 26, 40McElroy, Deutsch, Mulvaney & Carpenter, 12, 33McGuireWoods, 12, 30, 42, 51Meitar Liquornik Geva Leshem Tal, 50Michael Best & Friedrich, 20, 31Milbank, Tweed, Hadley & McCloy, 4, 24, 36, 52Miller, Canfield, Paddock and Stone, 22, 32Minter Ellison, 42Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, 12, 29Moore & Van Allen, 12, 27Morgan, Lewis & Bockius, 8, 26, 40, 51, 52Morris, Manning & Martin, 12, 27Morrison & Foerster, 8, 26, 40, 53Munger, Tolles & Olson, 6, 24

N NautaDutilh, 50Nelson Mullins Riley & Scarborough, 16, 29Nixon Peabody, 14, 30, 44Norton Rose Fulbright, 20, 33, 52Nossaman, 20, 29

OOgletree, Deakins, Nash, Smoak & Stewart, 18, 32O'Melveny & Myers, 8, 26, 40Orrick, Herrington & Sutcliffe, 8, 27, 40, 52 P Patterson Belknap Webb & Tyler, 8, 26Paul Hastings, 6, 24, 36Paul, Weiss, Rifkind, Wharton & Garrison, 4, 24, 36, 48, 51Pepper Hamilton, 12, 28, 42, 49Perkins Coie, 12, 28, 42Phelps Dunbar, 22, 33Pillsbury Winthrop Shaw Pittman, 10, 27, 42, 53Pinsent Masons, 44Polsinelli, 16, 31Porter Wright Morris & Arthur, 20, 32Proskauer Rose, 6, 25, 38

QQuarles & Brady, 20, 30, 52Quinn Emanuel Urquhart & Sullivan, 4, 24, 36

R Reed Smith, 12, 29, 42, 49Robins Kaplan, 10, 27Robinson & Cole, 22, 33Ropes & Gray, 6, 25, 38, 48, 49, 50, 51Rutan & Tucker, 20, 29

S Saul Ewing, 18, 31Schiff Hardin, 12, 27Schulte Roth & Zabel, 6, 25, 38Sedgwick, 18, 33Seward & Kissel, 50Seyfarth Shaw, 12, 29, 42Shearman & Sterling, 8, 28, 38

58 • ZGuide

Sheppard, Mullin, Richter & Hampton, 10, 26, 40Sherman & Howard, 18, 29Shook, Hardy & Bacon, 16, 31Shumaker, Loop & Kendrick, 22, 29Shutts & Bowen, 16, 28Sidley Austin, 6, 25, 38, 51, 52, 53Sills Cummis & Gross, 14, 31Simmons & Simmons, 42Simpson Thacher & Bartlett, 4, 24, 36, 48, 49, 50, 51, 53Skadden, Arps, Slate, Meagher & Flom, 4, 24, 36, 48, 49, 50, 51, 53Slaughter and May, 36, 52Smith, Gambrell & Russell, 18, 32Snell & Wilmer, 16, 30Squire Patton Boggs, 16, 33, 44Steptoe & Johnson, 14, 29Stikeman Elliott, 48Stinson Leonard Street, 18, 30Stoel Rives, 20, 30Strasburger & Price, 22, 33Stroock & Stroock & Lavan, 10, 27Sullivan & Cromwell, 4, 24, 36, 48, 51Sullivan & Worcester, 16, 30Sutherland Asbill & Brennan, 12, 28

T Taylor Wessing, 44Thompson & Knight, 14, 27Thompson Coburn, 20, 30Thompson Hine, 18, 32Troutman Sanders, 12, 28, 44

V Vedder Price, 14, 27Venable, 12, 28, 42, 53Vinson & Elkins, 6, 25, 38, 49, 50, 51Vorys, Sater, Seymour and Pease, 20, 32

W Wachtell, Lipton, Rosen & Katz, 4, 24, 36Weil, Gotshal & Manges, 4, 26, 36, 48, 49White & Case, 6, 28, 38, 48, 50, 51, 52Wiley Rein, 12, 29Williams & Connolly, 8, 25, 40Williams Mullen, 20, 33Willkie Farr & Gallagher, 4, 24, 36Wilmer Cutler Pickering Hale and Dorr, 8, 25, 40, 49, 50Wilson Elser Moskowitz Edelman & Dicker, 22, 33Wilson Sonsini Goodrich & Rosati, 6, 26, 38, 49Winstead, 12, 28Winston & Strawn, 8, 26, 40, 48Womble Carlyle Sandridge & Rice, 20, 30

Law Firm Index

ZGuide • 59

Notes

60 • ZGuide

ZGuide • 61

ZEUGHAUSER GROUP is the firm of choice for legal industry leaders seeking to increase competitive advantage and profitability, enhance market position, and strengthen organizational culture.

STRATEGIC GROWTH SERVICES • Mergers and Acquisitions • Strategic Growth Planning at the Firm,

Practice, Industry, and Office Levels • Governance, Structure, Profitability,

Pricing, and Compensation Counseling

STRATEGIC MARKETING SERVICES • Strategic Marketing and Business

Development Planning at the Firm, Practice, Industry, Office, and Client Levels

• Positioning Strategies and Branding Programs • Client Service, Satisfaction, and

Teaming Programs • Marketing Organizational Models

and Assessments

LEADERSHIP ROUNDTABLES • ZG Leadership Roundtable for Law Firm

Chairs and Managing Partners • ZG Leadership Roundtable for

Chief Marketing Officers • ZG Leadership Roundtable for

Chief Operating Officers

UIDEUIDE

UIDE UIDE

UIDEUIDERON BEARD [email protected] t: 949•360•0122 m: 949•887•3296

R. BRUCE MCLEAN [email protected] m: 202•297•8789

NORM RUBENSTEIN [email protected] t: 202•596•6760 m: 202•256•2668

JACK WALKER [email protected] t: 323•664•2881 m: 213•215•5871

MARY K YOUNG [email protected] t: 301•320•1518 m: 301•346•9878

PETER ZEUGHAUSER [email protected] t: 949•760•6800 m: 949•878•7444

KENT ZIMMERMANN [email protected] m: 312•810•8008

LONNIE ZWERIN [email protected] t: 415•387•4623 m: 415•307•4623

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