D.C.-Based Firms Find Fertile Ground in the Swamp

By: Ryan Lovelace

Among firms ranked in the Second Hundred, Arent Fox, Buckley Sandler and Wiley Rein all showed revenue growth, while Finnegan, Henderson, Farabow, Garrett & Dunner effectively stayed flat—slipping 0.2 percent and falling two places in this year’s rankings to 107.

No Second Hundred firm in Washington saw its partner profits dip last year, with Arent Fox leading the way yet again. The firm has grown its profits each and every year since 2009, and its financial performance across the board has the firm creeping closer toward the top 100—moving up four spots to 109 this year.

D.C. mainstays in the Am Law 100 performed even stronger in terms of revenue growth in 2017. Covington & Burling, Williams & Connolly and Venable all saw climbing revenues and all rose in the rankings, while Wilmer Cutler Pickering Hale and Dorr and Akin Gump Strauss Hauer & Feld recorded strong performances once again. Arnold & Porter Kaye Scholer, fresh off the merger of the legacy D.C. firm and its New York counterpart, saw its revenue rise, too.

“I think all of us have been surprised by just how robust the market is,” says Jeffrey Lowe, Major, Lindsey & Africa managing partner in D.C. Lowe, a leading national recruiter, says the market appeared to be in a holding pattern after Trump’s unexpected win, but things began to take off last year.

Read more of this article in Law.com

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