"A law firm's health, stability, and success can change in a single quarter. That data should be and can be available if you use metrics that are informed in 'real time' as the firm itself changes," said Laura Leopard, CEO, Leopard Solutions
NEW YORK (PRWEB) March 16, 2023
Legal Intelligence provider Leopard Solutions announced today its 2022 Leopard Law Firm Index (LLFI), ranking the top 200 law firms within the Leopard Solutions’ database by key indicators of legal industry success, profitability, viability, growth, and potential opportunity.
Traditional rankings in the legal industry have sought to evaluate law firms against their peers in a variety of categories, with financial performance being the top-ranked metric. Those rankings are nearly obsolete by their release and rarely accurately measure a law firm's health, stability, and success by using key self-reported financial data.
Since 2020, the Leopard Law Firm Index has been providing legal leaders with an invaluable tool for measuring law firm growth and stability. Having real-time data analytics and analysis that look beyond financials has never been more important, especially in current volatile economic times. Law firms can better measure their true performance, diagnose potential issues threatening the health of their organization and proactively plan their recruiting and growth strategies, while in-house counsel can get a more accurate sense of how law firms are performing in the present day and identify and engage the right law firm for the legal services they need.
"Real time data analytics and analysis are more critical than ever," says Laura Leopard, Founder and CEO of Leopard Solutions. "A law firm's health, stability, and success can change in a single quarter. That data should be and can be available if you use metrics that are informed in 'real time' as the firm itself changes."
Every law firm that Leopard Solutions tracks, currently over 5,300 law firms, is listed on the Leopard Law Firm Index. Leopard Solutions customers can access and run the firm index report through the Leopard Business Intelligence platform for more in-depth analysis and comparison of the firm rankings.
The Leopard Law Firm Index gives each firm a score from 0 to 500, with 500 being the highest possible score. There are four distinct statuses in the scoring system:
- 0 to 124 – Poor
- 125 to 249 – Fair
- 250 to 374 – Good
- 375 to 500 – Very Good
These are the firms that most consistently finished in the top 10 in 2022:
1. Kirkland & Ellis LLP
2. Greenberg Traurig LLP
3. Latham & Watkins LLP
4. Morgan, Lewis & Bockius LLP
6. Holland & Knight LLP
7. Ropes & Gray LLP
8. Lewis Brisbois Bisgaard & Smith LLP
9. DLA Piper
10. Sidley Austin LLP
The complete list of the 2022 top 200 firms is available here: https://www.leopardsolutions.com/wp-content/uploads/LLFI-2022-Top-200.pdf
We congratulate these firms on their consistent, superb performance throughout the year.
The Leopard Law Firm Index Report is available on Leopard Solution’s Business Intelligence (BI) platform for more in-depth and on-time analysis. To view the most up-to-date rankings and learn more about Leopard Law Firm Index, click here: https://www.leopardsolutions.com/index.php/leopard-law-firm-index-list/
About Leopard Solutions:
Leopard Solutions is a leading legal market intelligence provider for professionals seeking to build an analytical understanding for better business and recruiting strategies within the legal industry.
Our diverse data solutions are designed to fulfill a wide variety of intelligence needs, from job searches to recruitment to competitive intelligence in the legal industry serving law firms, legal service providers, recruiters, law schools, and corporations. Leopard's data and technology are continuously updated to ensure market relevance and a competitive edge.
Established in 2002, Leopard Solutions has grown into one of the most recognized and trusted legal market data providers in the United States. We are proud to be a diverse employer and a certified Women’s Business Enterprise.
For more information, visit https://www.leopardsolutions.com/ and follow us on LinkedIn.