FisherBroyles Reaches New Am Law 200 MilestoneMay 26, 2022
- FisherBroyles News
Firm records the ranking’s largest year-on-year revenue growth of 29.3%, following its inaugural 2021 entry
New York – May 26, 2022 – FisherBroyles, LLP is pleased to announce it has elevated its ranking in the Am Law 200 Report, the prestigious ranking of the largest 200 law firms based on revenue in the United States, with a new milestone.
Following its inaugural entry to the Am Law 200 last year, FisherBroyles recorded the largest year-on-year increase within the list of law firms included within the 2021 Am Law 200 listing, posting revenue growth of 29.3%, with consolidated fee revenue for 2021, of $136 million. The Firm also increased its head count by 18.5%.
This year’s ranking is a continued validation of FisherBroyles’ business model and strategy, which despite a growing market – saw the Firm still outperform its peers. Management anticipates its strong growth to continue in the U.S. and globally, and to continue hiring globally.
Other highlights from the last 12 months include:
- Among the highest profits per billable hour of any Am Law 200 law firm with 84.29% of collected revenues paid to the partnership; and
- Firm-wide revenue increase of 9.26% per partner
FisherBroyles pioneered the distributed law firm model in 2002. In May 2021, it became the first distributed and non-traditional law firm to achieve revenues exceeding the nine-digit earnings threshold required to enter the ranking.
As an established model for the present and future, FisherBroyles is ideal for ambitious lawyers seeking unparalleled compensation and greater autonomy; and its clients benefit from greater efficiency and value. The Firm now has c. 291 Partners across 23 markets in the U.S. and U.K., and continues to grow organically and strongly.
James Fisher, Co-Founder and Co-Managing Partner, said:
“We are particularly proud of this year’s ranking because of the quality of our growth. Our headcount actually grew at a slower pace than in 2020, yet our revenue grew substantially more than the rate of our partner growth. This not only means that the network effect of our ecosystem is continuing to increase our size, but it also means that our Law Firm 2.0 model has been instrumental in increasing the revenue generated, and profits earned, by our current partners.”
Kevin Broyles, Co-Founder and Co-Managing Partner, commented:
“We are delighted to be ranked in the prestigious Am Law 200 for the second consecutive year, especially recording the largest percentage growth in revenue. The ranking and milestone further validates our business model, strategy and the strong organic growth it yields. We look forward to growing globally, and ascending the Am Law 200 rankings.”
Michael Pierson, Managing Partner – Global Corporate
Direct: +44 7557 771 703
About FisherBroyles, LLP
Founded in 2002, FisherBroyles, LLP is the first and world’s largest distributed law firm partnership. The Next Generation Law Firm® has grown to hundreds of partners practicing in 23 markets globally. The FisherBroyles’ efficient and cost-effective Law Firm 2.0® model leverages talent and technology instead of unnecessary overhead that does not add value to our clients, all without sacrificing BigLaw quality. Visit our website at www.fisherbroyles.com to learn more about our firm’s unique approach and how we can best meet your legal needs.
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