Earnings Are Growing For Second Hundred Firms—But So Is the Gap

Lower billing rate increases and lower demand contribute to a “widening gap” between the Second Hundred and the Am Law 100, even as both tiers posted strong financials metrics for 2025.

       

Lower billing rate increases and lower demand contribute to a “widening gap” between the Second Hundred and the Am Law 100, even as both tiers posted strong financials metrics for 2025.