AmLaw Stats Remind Us: Don't Overrate Importance of Margins

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Yesterday's edition of the AmLaw Daily did an analysis of some of their AmLaw 100 data which they called “Margins: What's Real, What's Hype.”  In the article they discovered and presented charts showing that:

1. Single tier partnerships had a strong positive correlation with high profit margins;

2. Lateral growth had a negative correlation with high profit margins; and

3. Firms with above average leverage tend to have below-average profit margins.

 

Duhhh!  Next will they tell us that black is a dark color and the sun rises in the East?

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