Jones Day has edged its way back to the top of the Law360 400, reclaiming its title as the largest U.S. law firm after falling to second place last year, according to our annual ranking of the largest firms in the country. Morgan Lewis & Bockius shed some of its attorneys since adding hundreds of U.S.-based attorneys from Bingham McCutchen in 2014, causing it to fall from first to third place on the list as Greenberg Traurig snagged the No. 2 spot.
Business is booming for the 18 firms on the Law360 400 that call Florida home, and with increasing opportunities in technology and midmarket transactional work, the firms expect continued growth despite a projected cooling off of the South Florida real estate market.
While many of the New Jersey firms on the Law360 400 saw their ranks dip slightly in 2015 amid nationwide trends of conservative hiring and sparing lateral moves, there were bright spots of growth in the Garden State, with Chiesa Shahinian & Giantomasi PC leading the pack in new hires.
While both of the two biggest Pennsylvania-based firms included on the Law360 400 experienced significant contractions in 2015, midmarket outfits were using their strong foundations in the Keystone State to seize new growth opportunities throughout the country.
More than 40 law firms with California headquarters landed on the Law360 400, with Lewis Brisbois Bisgaard & Smith LLP topping the list, and experts say that booming business from new private equity investments and technology-driven shifts in the entertainment industry are giving firms outside of Silicon Valley a shot at explosive growth.
Following a year of plunging commodity prices and ever-increasing competition from national firms edging into what remains a hot market, Texas law firms on the Law360 400 kept it conservative in 2015, with most firms growing by less than 5 percent or slightly shrinking.
Half of the very largest firms in New York got their start elsewhere and either grew or remained stable in 2015 because of a steady flow of mergers and finance-related work, according to the latest Law360 400 survey.
National employment firm Littler Mendelson PC lost more than 7 percent of its total attorney headcount last year, according to recent Law360 400 data, and sources pointed to increasing competition and internal client conflicts as possible drivers of the losses.
Fish & Richardson PC remains the biggest intellectual property boutique on the block, according to Law360’s survey of the largest U.S. law firms, amid a tough legal market that has prompted IP specialty shops to retool their tactics as they scramble to best BigLaw rivals in the battle for top-tier work.
Law360’s survey of the largest law firms in the U.S. reveals a small league of firms that keep their partnership ranks lean, deploying a strategic model to leverage talent and score top-flight legal work.
Jones Day has edged its way back to the top of the Law360 400, reclaiming its title as the largest U.S. law firm after falling to second place last year, according to our annual ranking of the largest firms in the country.
Morgan Lewis & Bockius LLP has seen its U.S.-based attorney headcount drop by 108 in the past year, which sources tell Law360 is a combination of losses tied to the firm’s mass acquisition of Bingham McCutchen LLP laterals and BigLaw's increasing trend of associate-level attrition.
While the firms on the Law360 400 only grew modestly as a whole last year, a handful stood out, each expanding its U.S. headcount by more than 10 percent. Here, Law360 names five firms worth watching as they move up the ranks of the largest U.S. firms.
Faced with contracting markets and increasing competition, five midsize and boutique firms on the Law360 400 shrank their attorney headcounts by 12 percent or more last year, according to data compiled by Law360.
Greenberg Traurig LLP’s ranks swelled again in 2015 through a number of high-profile lateral acquisitions, and though the firm’s leader said that growth for its own sake is not a sound strategy, the firm is poised to top next year’s Law360 400.
With steady growth in the Florida real estate sector expected to continue and the prospect of increased business with Cuba, the 17 Florida-based firms that made the Law360 400 list are bullish on their prospects for the coming years.
With an unusually high concentration of Fortune 500 companies, a relatively low cost of doing business and a wealth of cultural and educational opportunities, it's no surprise that Minneapolis is among the top 10 cities that law firms in the Law360 400 have chosen to call home and, in many instances, have been able to thrive in for more than a century.
Recent combinations with energy and technology-centric law firms have helped McCarter & English LLP to keep the number one spot on the list of the biggest firms based in New Jersey, according to the Law360 400.
With strong foundations built on a stable legal market in the state, many of the more than two dozen Pennsylvania-based firms in the Law360 400 have turned their eyes in the past year toward expanding their footprint in other cities across the United States.
An increasing number of Law360 400 firms are placing their flagship offices in Washington, D.C., but this is only the tip of the iceberg for the vibrant legal market in the capital, industry experts say, as firms seek to meet growing demand for regulatory guidance.
Nearly three dozen law firms with California headquarters landed on the Law360 400, with San Francisco’s Littler Mendelson PC once again topping the list, and experts say the intellectual property, employment and transactional needs of booming startups and technology businesses like Snapchat Inc. and Hulu LLC are creating opportunities for firms to reach new heights.
Bolstered by a strong statewide economy and a thriving legal market, Texas is home to nearly two dozen firms on the Law360 400, and even as those firms expand nationally and internationally, they continue to find great value in their Texas roots.
New York still reigns supreme as the city with the most flagship law firm offices in the Law360 400, but the Big Apple's total shrank by 14 percent as several firms grew their offices in other U.S. cities.
The hegemony of so-called Wall Street firms in New York is under threat from firms founded elsewhere in the U.S. that are using record-high compensation packages as a cudgel to steal elite lateral talent, clients and market share, according to Law360 data and industry insiders.
Law360's ranking of the 400 largest U.S. law firms confirms that top-billing Wall Street firms tend to keep partner concentrations extremely low, helping to boost the all-important profits-per-partner metric.