Blog Network

About The Bloggers


Why do Skadden lawyers earn twice as much as Baker ones?

So asks Bob Ambrogi, who is musing over the Am Law 100, the list of America's 100 top-grossing law firms from 2004. With an eye to their hefty accounts receiveable, Ambrogi writes:

"I find it interesting that top-ranked Skadden earned $212 million more than number two Baker & McKenzie even though it has roughly half the number of lawyers -- 1,554 at Skadden compared to 2,992 at Baker. That means that, on a per-lawyer basis, Skadden's lawyers earned more than twice as much as Baker's lawyers -- $927,000 versus $410,000. The calculations for number three Latham & Watkins are more in line with Skadden -- earning $234 million less than Skadden with 52 fewer lawyers, for revenues per lawyer of $803,000. There must be more to this story than these numbers reveal."

Related stories:

Posted by Product Team on June 29, 2005 at 02:50 PM | Permalink | TrackBack (0)


TrackBack URL for this entry:

Listed below are links to weblogs that reference Why do Skadden lawyers earn twice as much as Baker ones? :

About ALM  |  About  |  Customer Support  |  Privacy Policy  |  Terms & Conditions