The Legal Intelligencer's Gina Passarella takes a look in today's edition (free registration required) at the financial performance of Pennsylvania law firms in the Am Law 200 over the last ten years, including some familiar Pittsburgh names, and how firms across the lineup weathered challenges from the dot.com bubble collapse through recovery and into the nation's current economic slump:
"Who had a successful decade amid one of the toughest recessions the country has ever seen depends on which metric one holds dear.
"If gross revenue growth is king, then K&L Gates, Reed Smith and Fox Rothschild have powered through the last 10 years, growing revenue 276.4 percent, 216 percent and 184 percent, respectively. Much of that had to do with large-scale mergers or group acquisitions. Those three firms also have the largest headcount increases over the past decade. K&L Gates grew headcount 188.4 percent, Reed Smith grew it 114.7 percent and Fox Rothschild grew 124.3 percent."