The Am Law 100 2018: UK firms face growing challenge to compete as US elite hit new heights

With the US elite enjoying their strongest year since the financial crisis, UK firms face an ever-tougher task to hold on to top talent

With the UK financial reporting season almost upon us, all indications are that many law firms are expecting to post respectable results for 2017-18. However, the latest figures from the other side of the Atlantic suggest they are unlikely to see the steady drip of talent lured by dollar-denominated paycheques decline any time soon.

The 2018 Am Law 100 rankings, released by our colleagues at The American Lawyer today (24 April), reveal that growth across the 100 largest US law firms was greater last year than at any point since the financial crisis, with total revenue up 5.5% to $91.4bn and the all-important profit per equity partner (PEP) metric nudging up by an average of 6.3%.

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