UIDE TO LEADING LAW FIRMS THE AM LAW 100/200 THE GLOBAL 100 THE A-LIST CORPORATE SCORECARD

UIDE TO LEADING LAW FIRMS THE AM LAW 100/200 THE GLOBAL 100 THE A-LIST CORPORATE SCORECARD ZEUGHAUSER GROUP S 2010 POCKET GUIDE TO THE AMERICAN LAWYER RANKINGS

The Zeughauser Group Dear Clients and Other Friends: We are pleased to provide you with the eighth edition of our ZGuide to Leading Law Firms, which includes the 2010 Am Law 200 and 2009 Global 100 rankings. In 2009 the economy hit bottom and began rebounding from the downturn that began in the second half of 2007. Although the year began with dire predictions for Big Law, for most firms it ended on an uptick, particularly on the corporate side. The uptick was not enough to offset pervasive declines in revenue, but cost-cutting enabled most firms to hold their own on profitability. Some pundits have declared that a re-set button was pushed in 2009, with firms rethinking their business models and making significant changes in their approach to management, marketing, and client service. While we agree that the rate of change in the industry accelerated, particularly with respect to associate compensation and competency models; openness to, and use of, alternative fee arrangements; and addressing under-productivity in the partner ranks, we continue to believe that the fundamentals on which the traditional law firm model are based including the promise of a rewarding career, with training and partnership for those lawyers who demonstrate the traits of ownership and find career satisfaction in helping ZGuide

clients achieve their goals will continue to fuel the most successful firms. We again were privileged in 2009 to work with many of the world s leading law firms on growth, marketing, and client-development strategies, and to enjoy the ongoing participation of over 50 of the Am Law 100 and 200 in our Chair and CMO Roundtables. We believe 2010 will be a year of opportunity and great success for firms that are cautious about growth and prudent with expenses. As always, we look forward to helping our clients tackle the challenges of attaining and maintaining market-leading positions. We wish our clients and other friends in the industry continued determination, clear vision, great success, and prosperity throughout 2010 and into 2011. Sincerely, Ron Beard Jerome L. Coben Mozhgan Mizban Norm Rubenstein Jack Walker Mary K Young Peter Zeughauser Kent Zimmermann Lonnie Zwerin ALM Media Properties, LLC and Zeughauser Group, LLC Chart information reprinted with permission from the April, May, June 2010 and October 2009 issues of The American Lawyer (The Am Law 100, The Am Law 200, Corporate Scorecard, The A-List, and The Global 100). 2009 and 2010 ALM Media Properties, LLC ZGuide

Table of Contents Methodology The Am Law 200, A-List...2 The Am Law 200 Ranked by Profits Per Equity Partner...4 The Am Law 200 Ranked by Value Per Lawyer...24 The 2010 Am Law 100 Gradual Recovery Signals Need for Continued Caution...34 Methodology The Global 100...40 The Global 100 Ranked by Profits Per Equity Partner...42 Using a Coaching Program to Boost Business Development...52 Methodology The Corporate Scorecard...56 The Corporate Scorecard Mergers and Acquisitions...58 Private Equity...59 IPOs...60 Equities by U.S. Corporations...60 Investment-Grade Debt...61 High-Yield Debt...62 Asset-Backed Securities...63 Mortgage-Backed Securities...63 Municipal Bonds...64 Project Finance...65 REIT Equities...66 REIT Debt...67 Bankruptcies...67 Emergences...69 Law Firm Index...72 ZGuide 1

The Am Law 200 Methodology The Am Law 200 is reported by staff members at ALM s publications throughout the United States, including The American Lawyer, The Connecticut Law Tribune, Daily Business Review (Miami), Fulton County Daily Report (Atlanta), The Legal Intelligencer (Philadelphia), The National Law Journal/Legal Times, The New Jersey Law Journal, New York Law Journal, The Recorder (San Francisco), and Texas Lawyer. Most law firms provide their financials voluntarily for this report, but all data, whether it comes officially from the firm or not, is investigated by reporters. Definitions Gross revenue is fee income from legal work only. It does not include disbursements or income from nonlegal ancillary businesses. In all cases, the revenue and profit figures listed are for the firm s most recently completed fiscal year. Most Am Law firms are on a calendar fiscal year. Equity Partners are those who receive no more than half their compensation on a fixed-income basis. Nonequity Partners are those who receive more than half their compensation on a fixed basis. Retired partners and of counsel are not counted as partners, nor are payments made to them counted in net operating income. Lawyer numbers are for full-time equivalent lawyers for firms whose fiscal year ends after August 31, 2009, and are provided as of that date. If the firm s fiscal year ended between March 31 and August 31, 2009, the firm was asked for the head count at the end of the firm s fiscal year. This is intended to exclude first-year associates, who typically start in the fall but take several months to produce revenue. 2 ZGuide

Calculations Gross Revenue is rounded to the nearest $500,000. Profits Per Equity Partner, Revenue Per Lawyer, and Average Compensation for All Partners are rounded to the nearest $5,000. Revenue Per Lawyer (RPL) is calculated by dividing gross revenue by the number of lawyers. Profits Per Equity Partner (PPEP) is calculated by dividing net operating income by the number of Equity Partners. Compensation Average, All Partners is the net operating income plus compensation to Nonequity Partners, divided by the number of Equity and Nonequity Partners. Value Per Lawyer (VPL) is calculated by dividing the Compensation Average, All Partners by the total number of lawyers. That number is then divided by $10 million to determine how many lawyers it takes to generate that amount. Location of Firms Some firms are identified as international or national, rather than identifying them by city, according to the percentage of the firm s attorneys in various regions of the country and the percentage that work outside the United States. Those breakouts are obtained from the most recent National Law Journal NLJ 250 survey. If 40 percent or more of the firm s lawyers were located outside the United States, the firm is identified as international. If no more than 45 percent of the firm s attorneys were located in any one region of the country, the firm is identified as national. The A-List The A-List, comprised of just 20 firms, is determined by rankings in The Minority Law Journal s Diversity Scorecard, and in three surveys conducted by The American Lawyer (the Revenue per Lawyer; Pro Bono; and Midlevel Associate surveys). Rankings in each survey are converted into points, using an inversion calculation where a firm ranked Number One receives 200 points. To determine each firm s score, points are doubled for both Revenue Per Lawyer and Pro Bono rankings and then added to the scores for the Midlevel Associate Survey and Diversity Scorecard rankings. Additional information, including the full methodology of how the A-List is calculated, is available on americanlawyer.com and in the July 2010 issue of The American Lawyer. ZGuide 3

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 1 1 2 2 3 4 4 3 5 6 6 5 7 15 8 8 9 19 10 7 11 22 12 9 13 11 14 16 15 18 16 10 17 20 18 13 19 16 20 14 Wachtell, Lipton, Rosen & Katz 231 Lawyers, 86 Equity Partners, 0 Nonequity Partners, New York Quinn Emanuel Urquhart & Sullivan 398 Lawyers, 77 Equity Partners, 44 Nonequity Partners, Los Angeles Sullivan & Cromwell 700 Lawyers, 167 Equity Partners, 0 Nonequity Partners, New York Boies, Schiller & Flexner 240 Lawyers, 34 Equity Partners, 60 Nonequity Partners, National Cravath, Swaine & Moore 477 Lawyers, 92 Equity Partners, 0 Nonequity Partners, New York Paul, Weiss, Rifkind, Wharton & Garrison I 653 Lawyers, 116 Equity Partners, 0 Nonequity Partners, New York Cahill Gordon & Reindel 273 Lawyers, 59 Equity Partners, 12 Nonequity Partners, New York Kirkland & Ellis 1,411 Lawyers, 270 Equity Partners, 332 Nonequity Partners, National Irell & Manella 199 Lawyers, 65 Equity Partners, 0 Nonequity Partners, Los Angeles Simpson Thacher & Bartlett I 787 Lawyers, 177 Equity Partners, 0 Nonequity Partners, New York Cadwalader, Wickersham & Taft 457 Lawyers, 61 Equity Partners, 37 Nonequity Partners, New York Cleary Gottlieb Steen & Hamilton I 992 Lawyers, 192 Equity Partners, 0 Nonequity Partners, International Weil, Gotshal & Manges I 1,212 Lawyers, 184 Equity Partners, 131 Nonequity Partners, New York Milbank, Tweed, Hadley & McCloy I 534 Lawyers, 119 Equity Partners, 21 Nonequity Partners, New York Skadden, Arps, Slate, Meagher & Flom I 1,860 Lawyers, 435 Equity Partners, 0 Nonequity Partners, National Schulte Roth & Zabel 398 Lawyers, 85 Equity Partners, 0 Nonequity Partners, New York Davis Polk & Wardwell I 684 Lawyers, 169 Equity Partners, 0 Nonequity Partners, New York Kasowitz, Benson, Torres & Friedman 300 Lawyers, 45 Equity Partners, 35 Nonequity Partners, New York Willkie Farr & Gallagher 591 Lawyers, 134 Equity Partners, 0 Nonequity Partners, New York Dechert 786 Lawyers, 149 Equity Partners, 104 Nonequity Partners, National 4 ZGuide

Firms noted with a star (I) are on The American Lawyer s A-List. (See the methodology on pages 2 and 3.) Firms ranked 101-200 in The Am Law 200 are in bold. Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $4,300,000 $585,000,000 43 $2,530,000 1 $4,300,000 $3,130,000 $419,000,000 67 $1,055,000 12 $2,325,000 $2,965,000 $995,000,000 14 $1,420,000 2 $2,965,000 $2,880,000 $296,000,000 89 $1,235,000 4 $1,470,000 $2,715,000 $568,500,000 46 $1,190,000 7 $2,715,000 $2,690,000 $665,500,000 37 $1,020,000 13 $2,690,000 $2,535,000 $269,500,000 104 $985,000 24 $2,230,000 $2,495,000 $1,428,000,000 5 $1,010,000 15 $1,360,000 $2,490,000 $253,000,000 111 $1,275,000 3 $2,490,000 $2,415,000 $870,500,000 22 $1,105,000 10 $2,415,000 $2,410,000 $456,500,000 61 $1,000,000 18 $1,760,000 $2,385,000 $965,000,000 16 $975,000 26 $2,385,000 $2,315,000 $1,233,000,000 8 $1,015,000 14 $1,765,000 $2,230,000 $601,500,000 42 $1,125,000 9 $2,120,000 $2,160,000 $2,100,000,000 2 $1,130,000 8 $2,160,000 $2,130,000 $397,000,000 70 $995,000 19 $2,130,000 $2,090,000 $846,000,000 26 $1,235,000 4 $2,090,000 $2,080,000 $226,000,000 120 $755,000 77 $1,400,000 $2,005,000 $549,500,000 50 $930,000 33 $2,005,000 $1,960,000 $713,000,000 32 $910,000 35 $1,370,000 ZGuide 5

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 21 23 22 24 23 21 24 12 25 25 26 27 27 28 28 26 29 31 30 43 30 29 32 33 33 36 33 37 33 41 36 34 36 53 36 38 39 38 40 40 Gibson, Dunn & Crutcher I 983 Lawyers, 284 Equity Partners, 28 Nonequity Partners, National Latham & Watkins I 1,880 Lawyers, 444 Equity Partners, 131 Nonequity Partners, National Paul, Hastings, Janofsky & Walker I 917 Lawyers, 193 Equity Partners, 68 Nonequity Partners, National Debevoise & Plimpton I 686 Lawyers, 144 Equity Partners, 0 Nonequity Partners, New York Shearman & Sterling 815 Lawyers, 185 Equity Partners, 18 Nonequity Partners, International Dewey & LeBoeuf 1,054 Lawyers, 180 Equity Partners, 159 Nonequity Partners, New York Kramer Levin Naftalis & Frankel 322 Lawyers, 65 Equity Partners, 30 Nonequity Partners, New York White & Case 1,890 Lawyers, 278 Equity Partners, 110 Nonequity Partners, International Loeb & Loeb 287 Lawyers, 51 Equity Partners, 103 Nonequity Partners, New York Hughes Hubbard & Reed I 280 Lawyers, 67 Equity Partners, 16 Nonequity Partners, New York O Melveny & Myers I 861 Lawyers, 218 Equity Partners, 28 Nonequity Partners, Los Angeles Sidley Austin 1,588 Lawyers, 304 Equity Partners, 327 Nonequity Partners, National Akin Gump Strauss Hauer & Feld 725 Lawyers, 170 Equity Partners, 111 Nonequity Partners, National Jeffer Mangels Butler & Marmaro 142 Lawyers, 44 Equity Partners, 0 Nonequity Partners, Los Angeles Proskauer Rose 650 Lawyers, 164 Equity Partners, 41 Nonequity Partners, New York Bingham McCutchen 1 922 Lawyers, 161 Equity Partners, 177 Nonequity Partners, National King & Spalding 796 Lawyers, 151 Equity Partners, 145 Nonequity Partners, Atlanta Wilson Sonsini Goodrich & Rosati 600 Lawyers, 124 Equity Partners, 49 Nonequity Partners, Palo Alto Kaye Scholer 446 Lawyers, 130 Equity Partners, 16 Nonequity Partners, New York Ropes & Gray 904 Lawyers, 252 Equity Partners, 0 Nonequity Partners, Boston 6 ZGuide

1 Bingham McCutchen and McKee Nelson merged in August 2009. Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $1,910,000 $995,000,000 14 $1,010,000 15 $1,775,000 $1,900,000 $1,821,000,000 3 $970,000 29 $1,605,000 $1,875,000 $889,000,000 20 $970,000 29 $1,585,000 $1,870,000 $668,000,000 35 $975,000 26 $1,870,000 $1,735,000 $801,000,000 29 $985,000 24 $1,630,000 $1,605,000 $914,000,000 19 $865,000 44 $1,110,000 $1,600,000 $293,000,000 90 $910,000 35 $1,370,000 $1,595,000 $1,307,000,000 7 $690,000 97 $1,325,000 $1,485,000 $240,000,000 119 $835,000 53 $800,000 $1,470,000 $277,000,000 98 $990,000 20 $1,280,000 $1,470,000 $826,500,000 28 $960,000 32 $1,370,000 $1,460,000 $1,357,000,000 6 $855,000 46 $1,000,000 $1,455,000 $719,000,000 31 $990,000 20 $1,125,000 $1,455,000 $113,000,000 182 $795,000 68 $1,455,000 $1,455,000 $643,000,000 39 $990,000 20 $1,285,000 $1,445,000 $860,000,000 24 $930,000 33 $980,000 $1,445,000 $677,500,000 34 $850,000 50 $940,000 $1,445,000 $501,000,000 57 $835,000 53 $1,220,000 $1,420,000 $432,000,000 64 $970,000 29 $1,355,000 $1,405,000 $789,500,000 30 $875,000 42 $1,405,000 ZGuide 7

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 41 41 42 46 43 61 44 47 45 54 45 30 47 52 48 35 49 47 50 44 51 56 52 32 53 51 54 66 55 49 56 62 57 111 58 68 59 44 59 63 Baker Botts 722 Lawyers, 186 Equity Partners, 86 Nonequity Partners, Houston Orrick, Herrington & Sutcliffe I 1,018 Lawyers, 187 Equity Partners, 187 Nonequity Partners, National Fish & Richardson 422 Lawyers, 110 Equity Partners, 73 Nonequity Partners, National Greenberg Traurig 1,707 Lawyers, 292 Equity Partners, 585 Nonequity Partners, National Fried, Frank, Harris, Shriver & Jacobson 469 Lawyers, 133 Equity Partners, 4 Nonequity Partners, New York McDermott Will & Emery 968 Lawyers, 255 Equity Partners, 308 Nonequity Partners, National Winston & Strawn 843 Lawyers, 184 Equity Partners, 197 Nonequity Partners, National Goodwin Procter 835 Lawyers, 207 Equity Partners, 117 Nonequity Partners, Boston Vinson & Elkins 693 Lawyers, 206 Equity Partners, 63 Nonequity Partners, Houston Munger, Tolles & Olson I 180 Lawyers, 90 Equity Partners, 0 Nonequity Partners, Los Angeles Sheppard Mullin Richter & Hampton 479 Lawyers, 77 Equity Partners, 131 Nonequity Partners, Los Angeles Morgan, Lewis & Bockius 1,315 Lawyers, 263 Equity Partners, 224 Nonequity Partners, National DLA Piper US 2 1,251 Lawyers, 213 Equity Partners, 358 Nonequity Partners, National Patterson Belknap Webb & Tyler 164 Lawyers, 53 Equity Partners, 0 Nonequity Partners, New York Covington & Burling I 653 Lawyers, 209 Equity Partners, 0 Nonequity Partners, Washington, DC Chadbourne & Parke 366 Lawyers, 80 Equity Partners, 35 Nonequity Partners, New York Gardere Wynne Sewell 245 Lawyers, 76 Equity Partners, 66 Nonequity Partners, Dallas Williams & Connolly 236 Lawyers, 105 Equity Partners, 0 Nonequity Partners, Washington, DC Cooley Godward Kronish 628 Lawyers, 152 Equity Partners, 84 Nonequity Partners, Palo Alto Finnegan, Henderson, Farabow, Garrett & Dunner I 358 Lawyers, 102 Equity Partners, 43 Nonequity Partners, Washington, DC 8 ZGuide

2 DLA Piper is structured as a set of alliances, so the results are for the U.S. operation only. Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $1,365,000 $575,000,000 45 $795,000 68 $1,095,000 $1,360,000 $847,500,000 25 $830,000 56 $955,000 $1,340,000 $417,000,000 68 $990,000 20 $970,000 $1,310,000 $1,173,000,000 9 $685,000 101 $690,000 $1,300,000 $424,500,000 65 $905,000 37 $1,270,000 $1,300,000 $829,000,000 27 $855,000 46 $825,000 $1,285,000 $705,000,000 33 $835,000 53 $870,000 $1,275,000 $658,000,000 38 $790,000 70 $980,000 $1,270,000 $562,000,000 47 $810,000 59 $1,105,000 $1,265,000 $198,000,000 132 $1,100,000 11 $1,265,000 $1,245,000 $361,000,000 76 $755,000 77 $805,000 $1,235,000 $1,068,500,000 11 $810,000 59 $920,000 $1,230,000 $1,014,500,000 13 $810,000 59 $735,000 $1,215,000 $148,000,000 160 $905,000 37 $1,215,000 $1,200,000 $583,000,000 44 $895,000 40 $1,200,000 $1,195,000 $281,500,000 96 $770,000 74 $955,000 $1,180,000 $187,000,000 139 $765,000 76 $810,000 $1,175,000 $287,000,000 93 $1,215,000 6 $1,175,000 $1,170,000 $507,000,000 56 $805,000 64 $945,000 $1,170,000 $349,000,000 78 $975,000 26 $965,000 ZGuide 9

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 61 68 62 60 63 71 64 66 65 96 66 58 67 74 67 64 67 82 70 57 71 64 72 75 73 83 74 80 74 78 76 85 77 81 78 106 79 55 80 77 Wilmer Cutler Pickering Hale and Dorr I 933 Lawyers, 309 Equity Partners, 0 Nonequity Partners, Washington, DC Choate Hall & Stewart 147 Lawyers, 43 Equity Partners, 39 Nonequity Partners, Boston Curtis, Mallet-Prevost, Colt & Mosle 232 Lawyers, 28 Equity Partners, 35 Nonequity Partners, New York Morrison & Foerster I 1,005 Lawyers, 256 Equity Partners, 90 Nonequity Partners, San Francisco Jenner & Block 430 Lawyers, 128 Equity Partners, 67 Nonequity Partners, Chicago Hogan & Hartson 3 1,121 Lawyers, 287 Equity Partners, 210 Nonequity Partners, National Crowell & Moring 419 Lawyers, 94 Equity Partners, 84 Nonequity Partners, Washington, DC Katten Muchin Rosenman 604 Lawyers, 140 Equity Partners, 172 Nonequity Partners, Chicago Manatt, Phelps & Phillips 327 Lawyers, 58 Equity Partners, 126 Nonequity Partners, Los Angeles Stroock & Stroock & Lavan 309 Lawyers, 112 Equity Partners, 0 Nonequity Partners, New York Mayer Brown 1,657 Lawyers, 274 Equity Partners, 355 Nonequity Partners, International Dickstein Shapiro 360 Lawyers, 73 Equity Partners, 78 Nonequity Partners, Washington, DC Fragomen Del Rey Bernsen and Loewy 250 Lawyers, 51 Equity Partners, 0 Nonequity Partners, National Lowenstein Sandler 236 Lawyers, 65 Equity Partners, 25 Nonequity Partners, Roseland, NJ Shook, Hardy & Bacon 486 Lawyers, 107 Equity Partners, 85 Nonequity Partners, Kansas City, MO Arnold & Porter I 613 Lawyers, 209 Equity Partners, 0 Nonequity Partners, Washington, DC Reed Smith 1,427 Lawyers, 315 Equity Partners, 362 Nonequity Partners, National Fenwick & West 226 Lawyers, 72 Equity Partners, 12 Nonequity Partners, Mountain View, CA Baker & McKenzie 3,949 Lawyers, 720 Equity Partners, 0 Nonequity Partners, International Locke Lord Bissell & Liddell 532 Lawyers, 131 Equity Partners, 169 Nonequity Partners, Dallas 10 ZGuide

3 Hogan & Hartson merged with Lovells in May 2010 and is now Hogan Lovells. Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $1,155,000 $941,000,000 18 $1,010,000 15 $1,155,000 $1,150,000 $133,500,000 170 $905,000 37 $815,000 $1,145,000 $135,000,000 168 $580,000 136 $685,000 $1,140,000 $884,000,000 21 $880,000 41 $980,000 $1,115,000 $367,500,000 75 $855,000 46 $895,000 $1,110,000 $864,500,000 23 $770,000 74 $820,000 $1,100,000 $339,000,000 80 $810,000 59 $755,000 $1,100,000 $420,500,000 66 $695,000 93 $680,000 $1,100,000 $261,500,000 109 $800,000 67 $595,000 $1,065,000 $263,000,000 108 $850,000 50 $1,065,000 $1,060,000 $1,118,000,000 10 $675,000 104 $695,000 $1,050,000 $297,000,000 88 $825,000 57 $780,000 $1,025,000 $216,500,000 124 $865,000 44 $1,025,000 $1,015,000 $183,000,000 140 $775,000 73 $840,000 $1,015,000 $336,500,000 82 $695,000 93 $720,000 $1,010,000 $524,000,000 54 $855,000 46 $1,010,000 $1,005,000 $942,000,000 17 $660,000 109 $650,000 $995,000 $192,000,000 136 $850,000 50 $910,000 $990,000 $2,112,000,000 1 $535,000 157 $990,000 $980,000 $399,000,000 69 $750,000 79 $645,000 ZGuide 11

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 81 93 82 78 83 86 84 90 84 76 86 73 87 58 88 83 88 101 90 89 91 101 92 86 93 92 93 96 95 93 96 70 97 49 98 88 98 103 98 104 Brown Rudnick 180 Lawyers, 50 Equity Partners, 38 Nonequity Partners, Boston Wiley Rein 279 Lawyers, 62 Equity Partners, 64 Nonequity Partners, Washington, DC Andrews Kurth 347 Lawyers, 84 Equity Partners, 95 Nonequity Partners, Houston Bracewell & Giuliani 409 Lawyers, 98 Equity Partners, 83 Nonequity Partners, Houston Pillsbury Winthrop Shaw Pittman 663 Lawyers, 173 Equity Partners, 145 Nonequity Partners, National Kelley Drye & Warren 301 Lawyers, 62 Equity Partners, 61 Nonequity Partners, New York Herrick, Feinstein 163 Lawyers, 39 Equity Partners, 28 Nonequity Partners, New York Alston & Bird 820 Lawyers, 152 Equity Partners, 205 Nonequity Partners, Atlanta Sutherland Asbill & Brennan 373 Lawyers, 103 Equity Partners, 64 Nonequity Partners, Atlanta Stevens & Lee 171 Lawyers, 62 Equity Partners, 51 Nonequity Partners, Reading, PA Kenyon & Kenyon 169 Lawyers, 46 Equity Partners, 14 Nonequity Partners, New York Steptoe & Johnson 419 Lawyers, 148 Equity Partners, 0 Nonequity Partners, Washington, DC K&L Gates 4 1,705 Lawyers, 295 Equity Partners, 605 Nonequity Partners, National Mintz, Levin, Cohn, Ferris, Glovsky and Popeo 398 Lawyers, 75 Equity Partners, 127 Nonequity Partners, Boston Thompson & Knight 419 Lawyers, 93 Equity Partners, 71 Nonequity Partners, Dallas Robins, Kaplan, Miller & Ciresi 234 Lawyers, 88 Equity Partners, 6 Nonequity Partners, Minneapolis Howrey 683 Lawyers, 152 Equity Partners, 149 Nonequity Partners, National Foley & Lardner 937 Lawyers, 178 Equity Partners, 288 Nonequity Partners, Milwaukee Hunton & Williams 863 Lawyers, 245 Equity Partners, 128 Nonequity Partners, Richmond Patton Boggs 532 Lawyers, 116 Equity Partners, 115 Nonequity Partners, Washington, DC 12 ZGuide

4 K&L Gates and Bell, Boyd & Lloyd merged in March 2009. Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $975,000 $146,000,000 162 $815,000 58 $745,000 $965,000 $200,000,000 131 $715,000 83 $920,000 $955,000 $243,000,000 115 $700,000 90 $680,000 $950,000 $277,000,000 98 $680,000 103 $730,000 $950,000 $533,500,000 53 $805,000 64 $740,000 $945,000 $211,500,000 127 $700,000 90 $625,000 $930,000 $127,000,000 174 $780,000 71 $765,000 $910,000 $551,000,000 49 $670,000 106 $625,000 $910,000 $269,500,000 104 $725,000 80 $720,000 $905,000 $108,500,000 185 $635,000 116 $660,000 $880,000 $131,500,000 171 $780,000 71 $750,000 $875,000 $338,500,000 81 $810,000 59 $875,000 $860,000 $1,034,500,000 12 $605,000 127 $535,000 $860,000 $277,500,000 97 $695,000 93 $575,000 $855,000 $224,000,000 122 $535,000 157 $650,000 $850,000 $170,000,000 146 $725,000 80 $830,000 $845,000 $480,000,000 58 $705,000 87 $600,000 $840,000 $667,000,000 36 $710,000 85 $585,000 $840,000 $615,000,000 41 $715,000 83 $705,000 $840,000 $332,000,000 84 $625,000 119 $640,000 ZGuide 13

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 101 114 101 116 101 96 104 90 104 106 106 106 132 108 110 108 95 108 120 108 121 108 106 113 111 114 117 114 114 116 106 117 104 118 96 119 128 120 122 Fitzpatrick, Cella, Harper & Scinto 152 Lawyers, 55 Equity Partners, 0 Nonequity Partners, New York McKenna Long & Aldridge 442 Lawyers, 88 Equity Partners, 108 Nonequity Partners, National Sills Cummis & Gross 150 Lawyers, 38 Equity Partners, 24 Nonequity Partners, Newark Fulbright & Jaworski 905 Lawyers, 332 Equity Partners, 30 Nonequity Partners, Houston Moore & Van Allen 285 Lawyers, 83 Equity Partners, 67 Nonequity Partners, Charlotte McElroy, Deutsch, Mulvaney & Carpenter 212 Lawyers, 29 Equity Partners, 55 Nonequity Partners, Morristown, NJ Townsend and Townsend and Crew 184 Lawyers, 60 Equity Partners, 26 Nonequity Partners, San Francisco Arent Fox 315 Lawyers, 98 Equity Partners, 62 Nonequity Partners, Washington, DC Foley Hoag 208 Lawyers, 54 Equity Partners, 40 Nonequity Partners, Boston Haynes and Boone 481 Lawyers, 135 Equity Partners, 81 Nonequity Partners, Dallas McGuireWoods 856 Lawyers, 176 Equity Partners, 250 Nonequity Partners, Richmond Perkins Coie 670 Lawyers, 137 Equity Partners, 187 Nonequity Partners, Seattle Squire, Sanders & Dempsey 838 Lawyers, 151 Equity Partners, 147 Nonequity Partners, National Venable 518 Lawyers, 158 Equity Partners, 109 Nonequity Partners, National Wilson Elser Moskowitz Edelman & Dicker 754 Lawyers, 138 Equity Partners, 163 Nonequity Partners, National Sonnenschein Nath & Rosenthal 655 Lawyers, 136 Equity Partners, 179 Nonequity Partners, National Jones Day 2,469 Lawyers, 797 Equity Partners, 0 Nonequity Partners, National Morris, Manning & Martin 137 Lawyers, 41 Equity Partners, 29 Nonequity Partners, Atlanta Duane Morris 613 Lawyers, 130 Equity Partners, 221 Nonequity Partners, National Schiff Hardin 320 Lawyers, 103 Equity Partners, 83 Nonequity Partners, Chicago 14 ZGuide

Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $830,000 $122,500,000 176 $805,000 64 $830,000 $830,000 $270,000,000 102 $610,000 125 $555,000 $830,000 $100,000,000 192 $670,000 106 $680,000 $815,000 $642,500,000 40 $710,000 85 $795,000 $815,000 $161,000,000 150 $565,000 141 $570,000 $810,000 $85,500,000 199 $405,000 193 $440,000 $810,000 $161,000,000 150 $875,000 42 $665,000 $800,000 $216,500,000 124 $685,000 101 $615,000 $800,000 $143,500,000 165 $690,000 97 $615,000 $800,000 $306,500,000 87 $635,000 116 $665,000 $800,000 $509,000,000 55 $595,000 130 $525,000 $800,000 $433,000,000 63 $645,000 114 $560,000 $795,000 $545,000,000 52 $650,000 112 $615,000 $785,000 $349,500,000 77 $675,000 104 $590,000 $785,000 $270,000,000 102 $360,000 199 $520,000 $780,000 $472,500,000 59 $720,000 82 $560,000 $765,000 $1,520,000,000 4 $615,000 123 $765,000 $760,000 $83,000,000 200 $605,000 127 $620,000 $755,000 $387,500,000 71 $635,000 116 $510,000 $750,000 $224,500,000 121 $700,000 90 $580,000 ZGuide 15

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 121 126 121 96 121 122 124 111 124 117 126 130 127 129 128 130 128 122 130 126 131 135 131 142 133 125 134 134 135 149 136 149 137 136 137 139 139 156 140 152 Carlton Fields 271 Lawyers, 58 Equity Partners, 101 Nonequity Partners, Tampa Chapman and Cutler 208 Lawyers, 81 Equity Partners, 26 Nonequity Partners, Chicago Dow Lohnes 150 Lawyers, 43 Equity Partners, 16 Nonequity Partners, Washington, DC Gordon & Rees 326 Lawyers, 26 Equity Partners, 125 Nonequity Partners, San Francisco Vedder Price 242 Lawyers, 116 Equity Partners, 29 Nonequity Partners, Chicago Brownstein Hyatt Farber Schreck 213 Lawyers, 70 Equity Partners, 50 Nonequity Partners, Denver Snell & Wilmer 411 Lawyers, 76 Equity Partners, 120 Nonequity Partners, Phoenix Gibbons 202 Lawyers, 39 Equity Partners, 64 Nonequity Partners, Newark Sullivan & Worcester 156 Lawyers, 40 Equity Partners, 42 Nonequity Partners, Boston Pepper Hamilton 484 Lawyers, 143 Equity Partners, 72 Nonequity Partners, Philadelphia Holland & Knight 934 Lawyers, 191 Equity Partners, 352 Nonequity Partners, National Winstead 251 Lawyers, 101 Equity Partners, 46 Nonequity Partners, Dallas Seyfarth Shaw 723 Lawyers, 220 Equity Partners, 147 Nonequity Partners, National Sedgwick, Detert, Moran & Arnold 360 Lawyers, 59 Equity Partners, 65 Nonequity Partners, San Francisco Troutman Sanders 650 Lawyers, 180 Equity Partners, 133 Nonequity Partners, Atlanta Blank Rome 490 Lawyers, 156 Equity Partners, 109 Nonequity Partners, Philadelphia Jackson Walker 315 Lawyers, 95 Equity Partners, 106 Nonequity Partners, Dallas Nixon Peabody 717 Lawyers, 214 Equity Partners, 155 Nonequity Partners, National Cozen O Connor 505 Lawyers, 145 Equity Partners, 121 Nonequity Partners, Philadelphia Barnes & Thornburg 436 Lawyers, 192 Equity Partners, 84 Nonequity Partners, Indianapolis 16 ZGuide

Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $745,000 $154,000,000 157 $565,000 141 $480,000 $745,000 $130,500,000 173 $625,000 119 $640,000 $745,000 $98,000,000 193 $655,000 110 $660,000 $740,000 $155,000,000 154 $475,000 179 $320,000 $740,000 $170,500,000 145 $705,000 87 $645,000 $735,000 $131,000,000 172 $615,000 123 $555,000 $730,000 $241,000,000 118 $585,000 133 $615,000 $720,000 $111,000,000 184 $550,000 151 $450,000 $720,000 $97,500,000 195 $625,000 119 $525,000 $715,000 $333,000,000 83 $690,000 97 $590,000 $695,000 $545,500,000 51 $585,000 133 $460,000 $695,000 $140,500,000 167 $560,000 145 $545,000 $690,000 $453,500,000 62 $625,000 119 $530,000 $675,000 $195,000,000 133 $540,000 155 $480,000 $670,000 $376,500,000 72 $580,000 136 $480,000 $665,000 $322,000,000 86 $655,000 110 $525,000 $655,000 $173,500,000 144 $550,000 151 $460,000 $655,000 $465,000,000 60 $650,000 112 $525,000 $650,000 $290,500,000 91 $575,000 138 $475,000 $640,000 $241,500,000 117 $555,000 147 $525,000 ZGuide 17

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 140 144 142 147 143 136 144 136 144 132 146 146 147 154 147 147 149 117 149 153 149 141 152 144 153 151 154 154 155 157 156 157 157 163 157 164 159 143 160 Edwards Angell Palmer & Dodge 530 Lawyers, 77 Equity Partners, 137 Nonequity Partners, Boston Honigman Miller Schwartz and Cohn 215 Lawyers, 122 Equity Partners, 43 Nonequity Partners, Detroit Bryan Cave 5 996 Lawyers, 202 Equity Partners, 187 Nonequity Partners, St. Louis Dorsey & Whitney 596 Lawyers, 191 Equity Partners, 75 Nonequity Partners, Minneapolis Kilpatrick Stockton 416 Lawyers, 117 Equity Partners, 97 Nonequity Partners, Atlanta Drinker Biddle & Reath 621 Lawyers, 193 Equity Partners, 72 Nonequity Partners, Philadelphia Baker and Hostetler 582 Lawyers, 143 Equity Partners, 177 Nonequity Partners, National Day Pitney 362 Lawyers, 130 Equity Partners, 34 Nonequity Partners, Hartford Allen Matkins Leck Gamble Mallory & Natsis 215 Lawyers, 119 Equity Partners, 8 Nonequity Partners, Los Angeles Buchanan Ingersoll & Rooney 445 Lawyers, 101 Equity Partners, 95 Nonequity Partners, Pittsburgh McCarter & English 368 Lawyers, 95 Equity Partners, 96 Nonequity Partners, Newark Epstein Becker & Green 313 Lawyers, 69 Equity Partners, 79 Nonequity Partners, National Womble Carlyle Sandridge & Rice 497 Lawyers, 149 Equity Partners, 126 Nonequity Partners, Winston-Salem Husch Blackwell Sanders 565 Lawyers, 170 Equity Partners, 180 Nonequity Partners, Kansas City, MO Fox Rothschild 423 Lawyers, 122 Equity Partners, 68 Nonequity Partners, Philadelphia Hinshaw & Culbertson 449 Lawyers, 95 Equity Partners, 194 Nonequity Partners, Chicago Jackson Lewis 538 Lawyers, 176 Equity Partners, 93 Nonequity Partners, National Knobbe Martens Olson & Bear 227 Lawyers, 105 Equity Partners, 7 Nonequity Partners, Irvine, CA Goulston & Storrs 173 Lawyers, 87 Equity Partners, 0 Nonequity Partners, Boston Buchalter Nemer 159 Lawyers, 81 Equity Partners, 0 Nonequity Partners, Los Angeles 18 ZGuide

5 Bryan Cave and Powell Goldstein merged in January 2009. Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $640,000 $285,500,000 94 $540,000 155 $415,000 $630,000 $149,000,000 159 $695,000 93 $525,000 $625,000 $555,000,000 48 $555,000 147 $495,000 $615,000 $342,000,000 79 $575,000 138 $535,000 $615,000 $245,500,000 113 $590,000 132 $490,000 $605,000 $373,500,000 73 $600,000 129 $540,000 $600,000 $330,000,000 85 $565,000 141 $460,000 $600,000 $206,500,000 128 $570,000 140 $550,000 $590,000 $148,000,000 160 $690,000 97 $585,000 $590,000 $265,000,000 107 $595,000 130 $435,000 $590,000 $203,000,000 129 $550,000 151 $335,000 $585,000 $175,500,000 143 $560,000 145 $425,000 $575,000 $266,000,000 106 $535,000 157 $450,000 $565,000 $289,000,000 92 $510,000 164 $395,000 $550,000 $217,000,000 123 $515,000 162 $460,000 $545,000 $190,500,000 138 $425,000 192 $320,000 $535,000 $256,500,000 110 $475,000 179 $435,000 $535,000 $160,000,000 152 $705,000 87 $520,000 $530,000 $116,000,000 179 $670,000 106 $530,000 $525,000 $103,000,000 190 $645,000 114 $525,000 ZGuide 19

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 160 162 160 161 163 179 163 165 165 185 165 174 165 157 165 165 169 173 170 170 170 157 172 172 176 172 179 172 167 176 177 178 178 170 178 170 180 176 Ice Miller 234 Lawyers, 108 Equity Partners, 10 Nonequity Partners, Indianapolis Lewis Brisbois Bisgaard & Smith 711 Lawyers, 75 Equity Partners, 303 Nonequity Partners, Los Angeles Davis Wright Tremaine 489 Lawyers, 213 Equity Partners, 80 Nonequity Partners, Seattle Luce, Forward, Hamilton & Scripps 161 Lawyers, 61 Equity Partners, 31 Nonequity Partners, San Diego Baker & Daniels 283 Lawyers, 100 Equity Partners, 49 Nonequity Partners, Indianapolis Dykema Gossett 351 Lawyers, 99 Equity Partners, 116 Nonequity Partners, Chicago Faegre & Benson 482 Lawyers, 235 Equity Partners, 0 Nonequity Partners, Minneapolis Michael Best & Friedrich 202 Lawyers, 83 Equity Partners, 54 Nonequity Partners, Milwaukee Polsinelli Shughart 6 413 Lawyers, 71 Equity Partners, 142 Nonequity Partners, Kansas City, MO Stinson Morrison Hecker 292 Lawyers, 119 Equity Partners, 62 Nonequity Partners, Kansas City, MO Williams Mullen 281 Lawyers, 88 Equity Partners, 22 Nonequity Partners, Richmond Armstrong Teasdale 217 Lawyers, 87 Equity Partners, 33 Nonequity Partners, St. Louis Nelson Mullins Riley & Scarborough 397 Lawyers, 144 Equity Partners, 86 Nonequity Partners, Columbia, SC Stoel Rives 368 Lawyers, 141 Equity Partners, 74 Nonequity Partners, Portland, OR Thompson Hine 372 Lawyers, 116 Equity Partners, 75 Nonequity Partners, Cleveland Fisher & Phillips 210 Lawyers, 84 Equity Partners, 34 Nonequity Partners, Atlanta Porter Wright Morris & Arthur 245 Lawyers, 93 Equity Partners, 50 Nonequity Partners, Columbus Bradley Arant Boult Cummings 7 340 Lawyers, 187 Equity Partners, 55 Nonequity Partners, Birmingham Thompson Coburn 323 Lawyers, 136 Equity Partners, 47 Nonequity Partners, St. Louis Dickinson Wright 225 Lawyers, 93 Equity Partners, 52 Nonequity Partners, Detroit 20 ZGuide

6 Polsinelli Shalton Flanigan Suelthaus merged with Shughart Thomson & Kilroy in February 2009 to form Polsinelli Shughart. 7 Bradley Arant Rose & White merged with Boult, Cummings, Conners & Berry in January 2009 to form Bradley Arant Boult Cummings. Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $525,000 $121,500,000 177 $520,000 160 $500,000 $525,000 $250,000,000 112 $350,000 200 $305,000 $510,000 $276,500,000 100 $565,000 141 $460,000 $510,000 $98,000,000 193 $610,000 125 $425,000 $505,000 $144,000,000 164 $510,000 164 $420,000 $505,000 $176,000,000 142 $500,000 169 $365,000 $505,000 $283,000,000 95 $585,000 133 $505,000 $505,000 $111,500,000 183 $550,000 151 $390,000 $495,000 $167,500,000 147 $405,000 193 $335,000 $490,000 $146,000,000 162 $500,000 169 $400,000 $490,000 $134,000,000 169 $475,000 179 $450,000 $485,000 $97,500,000 195 $450,000 188 $415,000 $485,000 $193,000,000 135 $485,000 177 $400,000 $485,000 $191,000,000 137 $520,000 160 $410,000 $485,000 $183,000,000 140 $490,000 174 $405,000 $480,000 $101,000,000 191 $480,000 178 $410,000 $475,000 $124,000,000 175 $505,000 167 $355,000 $470,000 $166,500,000 148 $490,000 174 $400,000 $470,000 $159,500,000 153 $495,000 171 $410,000 $450,000 $106,000,000 186 $470,000 182 $360,000 ZGuide 21

The Am Law 200 The Largest Firms in the U.S., Ranked By Profits Per Equity Partner PPEP Rank 2010 PPEP Rank 2009 Firm Lawyers, Partners, Location 180 168 182 183 182 184 179 184 197 186 187 186 182 188 195 189 174 190 168 190 197 190 188 190 193 194 185 195 190 195 195 195 190 198 194 199 190 200 199 Robinson & Cole 228 Lawyers, 82 Equity Partners, 25 Nonequity Partners, Hartford Burr & Forman 210 Lawyers, 87 Equity Partners, 39 Nonequity Partners, Birmingham Baker, Donelson, Bearman, Caldwell & Berkowitz 518 Lawyers, 182 Equity Partners, 84 Nonequity Partners, Memphis Littler Mendelson 746 Lawyers, 290 Equity Partners, 106 Nonequity Partners, National Saul Ewing 229 Lawyers, 81 Equity Partners, 49 Nonequity Partners, Philadelphia Ballard Spahr 488 Lawyers, 202 Equity Partners, 24 Nonequity Partners, Philadelphia Ogletree, Deakins, Nash, Smoak & Stewart 431 Lawyers, 133 Equity Partners, 110 Nonequity Partners, National Dinsmore & Shohl 383 Lawyers, 124 Equity Partners, 96 Nonequity Partners, Cincinnati Lewis and Roca 197 Lawyers, 97 Equity Partners, 14 Nonequity Partners, Phoenix Akerman Senterfitt 472 Lawyers, 188 Equity Partners, 56 Nonequity Partners, Miami Lathrop & Gage 267 Lawyers, 96 Equity Partners, 51 Nonequity Partners, Kansas City, MO Miller, Canfield, Paddock and Stone 353 Lawyers, 115 Equity Partners, 55 Nonequity Partners, Detroit Quarles & Brady 417 Lawyers, 179 Equity Partners, 58 Nonequity Partners, Milwaukee Vorys, Sater, Seymour and Pease 347 Lawyers, 171 Equity Partners, 2 Nonequity Partners, Columbus Frost Brown Todd 8 413 Lawyers, 160 Equity Partners, 51 Nonequity Partners, Cincinnati Holland & Hart 396 Lawyers, 193 Equity Partners, 0 Nonequity Partners, Denver Kutak Rock 384 Lawyers, 171 Equity Partners, 59 Nonequity Partners, Omaha Adams and Reese 240 Lawyers, 96 Equity Partners, 51 Nonequity Partners, New Orleans GrayRobinson 229 Lawyers, 130 Equity Partners, 16 Nonequity Partners, Orlando Holme Roberts & Owen 189 Lawyers, 89 Equity Partners, 24 Nonequity Partners, Denver 22 ZGuide

8 Frost Brown Todd merged with Locke Reynolds in January 2009. Profits Per Equity Partner Gross Revenue Am Law 200 Rank Revenue Per Lawyer RPL Rank Compensation Average, All Partners $450,000 $113,500,000 181 $495,000 171 $400,000 $445,000 $95,000,000 197 $450,000 188 $370,000 $440,000 $243,500,000 114 $470,000 182 $375,000 $435,000 $370,500,000 74 $495,000 171 $380,000 $435,000 $115,000,000 180 $505,000 167 $385,000 $430,000 $271,000,000 101 $555,000 147 $425,000 $430,000 $202,500,000 130 $470,000 182 $345,000 $420,000 $155,000,000 154 $405,000 193 $325,000 $415,000 $92,500,000 198 $470,000 182 $385,000 $410,000 $242,000,000 116 $510,000 164 $400,000 $410,000 $121,000,000 178 $455,000 187 $340,000 $410,000 $143,000,000 166 $405,000 193 $340,000 $410,000 $215,500,000 126 $515,000 162 $375,000 $395,000 $149,500,000 158 $430,000 191 $395,000 $390,000 $166,500,000 148 $405,000 193 $335,000 $390,000 $193,500,000 134 $490,000 174 $390,000 $390,000 $154,500,000 156 $400,000 198 $340,000 $380,000 $104,500,000 188 $435,000 190 $315,000 $365,000 $105,500,000 187 $460,000 186 $350,000 $345,000 $104,500,000 188 $555,000 147 $360,000 ZGuide 23

Value Per Lawyer The Am Law 200, Ranked By Value Per Lawyer 2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 1 Wachtell $1,600,000 6.25 2 Irell & Manella $810,000 12.35 3 Quinn Emanuel $705,000 14.18 3 Sullivan & Cromwell $705,000 14.18 5 Munger, Tolles I $635,000 15.75 6 Cahill Gordon $580,000 17.24 6 Kirkland & Ellis $580,000 17.24 8 Boies, Schiller $575,000 17.39 9 Gibson, Dunn I $565,000 17.70 10 Milbank, Tweed I $555,000 18.02 11 Simpson Thacher I $545,000 18.35 12 Cravath $525,000 19.05 12 Williams & Connolly $525,000 19.05 14 Davis Polk I $515,000 19.42 15 Skadden I $505,000 19.80 16 Latham & Watkins I $490,000 20.41 17 McDermott Will $480,000 20.83 17 Paul, Weiss I $480,000 20.83 19 Gardere Wynne $470,000 21.28 20 Cleary Gottlieb I $460,000 21.74 24 ZGuide

Firms noted with a star (I) are on The American Lawyer s "A-List." (See the methodology on pages 2 and 3.) Firms ranked 101 to 200 in The Am Law 200 are in bold. See footnotes on the chart ranking firms by Profits Per Equity Partner for information about changes in firms status in 2009/2010. 2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 20 Weil, Gotshal I $460,000 21.74 22 Choate Hall $455,000 21.98 22 Schulte Roth $455,000 21.98 22 Willkie Farr $455,000 21.98 25 Jeffer Mangels $450,000 22.22 25 Paul, Hastings I $450,000 22.22 27 Kaye Scholer $445,000 22.47 28 Dechert $440,000 22.73 29 Akin Gump $435,000 22.99 29 Stevens & Lee $435,000 22.99 31 Loeb & Loeb $430,000 23.26 31 Vinson & Elkins $430,000 23.26 33 Fish & Richardson $420,000 23.81 34 Wiley Rein $415,000 24.10 35 Baker Botts $410,000 24.39 36 Honigman Miller $405,000 24.69 36 Jenner & Block $405,000 24.69 36 Kramer Levin $405,000 24.69 36 Proskauer Rose $405,000 24.69 36 Shearman & Sterling $405,000 24.69 ZGuide 25

Value Per Lawyer The Am Law 200, Ranked By Value Per Lawyer 2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 41 Sidley Austin $400,000 25.00 42 Winston & Strawn $395,000 25.32 43 Debevoise & Plimpton I $390,000 25.64 43 Finnegan, Henderson I $390,000 25.64 43 O Melveny & Myers I $390,000 25.64 43 Patterson Belknap $390,000 25.64 43 Ropes & Gray $390,000 25.64 43 Vedder Price $390,000 25.64 49 Covington & Burling I $385,000 25.97 49 Stroock & Stroock $385,000 25.97 49 Wilmer I $385,000 25.97 52 Goodwin Procter $380,000 26.32 52 Hughes Hubbard I $380,000 26.32 54 Cadwalader $375,000 26.67 55 Fried, Frank $370,000 27.03 55 Kasowitz, Benson $370,000 27.03 57 Brown Rudnick $365,000 27.40 57 Hogan & Hartson $365,000 27.40 57 Locke Lord $365,000 27.40 60 Bingham McCutchen $360,000 27.78 26 ZGuide

2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 61 Cooley Godward $355,000 28.17 61 Dewey & LeBoeuf $355,000 28.17 61 Greenberg Traurig $355,000 28.17 61 Pillsbury Winthrop $355,000 28.17 65 Andrews Kurth $350,000 28.57 65 Katten Muchin $350,000 28.57 65 King & Spalding $350,000 28.57 65 Orrick I $350,000 28.57 65 Sheppard Mullin $350,000 28.57 65 Wilson Sonsini $350,000 28.57 71 Allen Matkins $345,000 28.99 71 Arnold & Porter I $345,000 28.99 73 Morgan, Lewis $340,000 29.41 73 Schiff Hardin $340,000 29.41 75 DLA Piper US $335,000 29.85 75 Fenwick & West $335,000 29.85 75 Manatt, Phelps $335,000 29.85 75 Morrison & Foerster I $335,000 29.85 75 Robins, Kaplan $335,000 29.85 80 Barnes & Thornburg $330,000 30.30 ZGuide 27

Value Per Lawyer The Am Law 200, Ranked By Value Per Lawyer 2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 80 Chapman and Cutler $330,000 30.30 82 Dickstein Shapiro $325,000 30.77 82 Sutherland Asbill $325,000 30.77 84 Bracewell & Giuliani $320,000 31.25 84 Crowell & Moring $320,000 31.25 84 Lowenstein Sandler $320,000 31.25 84 Winstead $320,000 31.25 88 Arent Fox $315,000 31.75 88 Brownstein Hyatt $315,000 31.75 88 Fulbright & Jaworski $315,000 31.75 88 Herrick, Feinstein $315,000 31.75 88 Morris, Manning $315,000 31.75 93 Reed Smith $310,000 32.26 93 Steptoe & Johnson $310,000 32.26 93 Townsend and Townsend $310,000 32.26 96 Hunton & Williams $305,000 32.79 96 Venable $305,000 32.79 98 Chadbourne & Parke $300,000 33.33 98 Fitzpatrick, Cella $300,000 33.33 98 Haynes and Boone $300,000 33.33 28 ZGuide

2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 98 Moore & Van Allen $300,000 33.33 102 Jackson Walker $295,000 33.90 103 Duane Morris $290,000 34.48 103 Foley & Lardner $290,000 34.48 103 Mintz, Levin $290,000 34.48 103 Snell & Wilmer $290,000 34.48 107 Blank Rome $285,000 35.09 107 Bradley Arant $285,000 35.09 107 Carlton Fields $285,000 35.09 107 Shook, Hardy $285,000 35.09 111 K&L Gates $280,000 35.71 111 Patton Boggs $280,000 35.71 111 Sills Cummis $280,000 35.71 114 Alston & Bird $275,000 36.36 114 Davis Wright $275,000 36.36 114 Foley Hoag $275,000 36.36 114 Sullivan & Worcester $275,000 36.36 118 Buchalter Nemer $270,000 37.04 118 Nixon Peabody $270,000 37.04 118 Perkins Coie $270,000 37.04 ZGuide 29

Value Per Lawyer The Am Law 200, Ranked By Value Per Lawyer 2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 118 Seyfarth Shaw $270,000 37.04 118 Sonnenschein $270,000 37.04 118 White & Case $270,000 37.04 124 Goulston & Storrs $265,000 37.74 124 Holland & Knight $265,000 37.74 124 Howrey $265,000 37.74 124 Kenyon & Kenyon $265,000 37.74 124 Mayer Brown $265,000 37.74 124 Michael Best $265,000 37.74 124 Pepper Hamilton $265,000 37.74 131 Dow Lohnes $260,000 38.46 131 McGuireWoods $260,000 38.46 133 Baker and Hostetler $255,000 39.22 133 Kelley Drye $255,000 39.22 133 Knobbe Martens $255,000 39.22 133 Thompson & Knight $255,000 39.22 137 Cozen O Connor $250,000 40.00 137 Day Pitney $250,000 40.00 137 Ice Miller $250,000 40.00 137 Kilpatrick Stockton $250,000 40.00 30 ZGuide

2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 137 Stinson Morrison $250,000 40.00 137 Womble Carlyle $250,000 40.00 143 Faegre & Benson $245,000 40.82 143 Husch Blackwell $245,000 40.82 143 Jones Day $245,000 40.82 143 Luce, Forward $245,000 40.82 143 McKenna Long $245,000 40.82 148 Dorsey & Whitney $240,000 41.67 148 Stoel Rives $240,000 41.67 150 Dickinson Wright $235,000 42.55 150 Thompson Coburn $235,000 42.55 152 Armstrong Teasdale $230,000 43.48 152 Drinker Biddle $230,000 43.48 152 Fisher & Phillips $230,000 43.48 152 Gibbons $230,000 43.48 152 Nelson Mullins $230,000 43.48 152 Troutman Sanders $230,000 43.48 158 Dykema Gossett $225,000 44.44 158 GrayRobinson $225,000 44.44 160 Baker & Daniels $220,000 45.45 ZGuide 31

Value Per Lawyer The Am Law 200, Ranked By Value Per Lawyer 2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 160 Saul Ewing $220,000 45.45 160 Squire, Sanders $220,000 45.45 163 Burr & Forman $215,000 46.51 163 Holme Roberts $215,000 46.51 163 Jackson Lewis $215,000 46.51 163 Lewis and Roca $215,000 46.51 163 Quarles & Brady $215,000 46.51 168 Fragomen, Del Rey $210,000 47.62 168 Porter Wright $210,000 47.62 168 Wilson Elser $210,000 47.62 171 Akerman Senterfitt $205,000 48.78 171 Fox Rothschild $205,000 48.78 171 Hinshaw & Culbertson $205,000 48.78 171 Kutak Rock $205,000 48.78 171 Thompson Hine $205,000 48.78 176 Ballard Spahr $200,000 50.00 176 Epstein Becker $200,000 50.00 176 Littler Mendelson $200,000 50.00 179 Adams and Reese $195,000 51.28 179 Buchanan Ingersoll $195,000 51.28 32 ZGuide

2010 VPL Rank Firm VPL: Partner Comp/ Number of Lawyers, FY 2009 Lawyers Needed to Generate $10 Million 179 Ogletree, Deakins $195,000 51.28 179 Vorys, Sater $195,000 51.28 183 Baker, Donelson $190,000 52.63 183 Bryan Cave $190,000 52.63 183 Holland & Hart $190,000 52.63 183 Robinson & Cole $190,000 52.63 187 Curtis, Mallet-Prevost $185,000 54.05 187 Dinsmore & Shohl $185,000 54.05 187 Lathrop & Gage $185,000 54.05 190 Baker & McKenzie $180,000 55.56 191 McCarter & English $175,000 57.14 191 McElroy, Deutsch $175,000 57.14 191 Polsinelli Shughart $175,000 57.14 191 Williams Mullen $175,000 57.14 195 Edwards Angell $170,000 58.82 195 Frost Brown $170,000 58.82 197 Miller, Canfield $165,000 60.61 197 Sedgwick, Detert $165,000 60.61 199 Lewis Brisbois $160,000 62.50 200 Gordon & Rees $150,000 66.67 ZGuide 33

The 2010 Am Law 100 Gradual Recovery Signals Need for Continued Caution Zeughauser Group, LLC 2010 Profits Per Equity Partner Change from prior year (PPEP) 34 ZGuide Am Law 100 Financial Results for 2009 1 Gross Revenue Change from prior year (GR) 2007-2009 Average Compounded Annual Growth Rate of PPEP 2 (CAGR) 0.3% (vs. - 4.3% in 2008) -3.4% (vs. + 4.1% in 2008) -1.7% Industry pundits had forecast a bleak scenario for law firms in 2009, and while the financial performance Am Law 100 CAGR of PPEP (2007-2009) by Region of the Am Law 100 recently National -2.0% New York -4.1% released by The American Midwest 1.6% Lawyer was slightly better International -1.8% than predicted, law firms Northeast -1.4% should remain cautious California -1.9% throughout 2010. Although the economy is improving, Washington, D.C. Southeast 4.4% -0.5% uncertainties about the Texas 3.9% strength of key sectors, including the euro zone, financial markets, and home sales, remain, and there are concerns that large deficits will fuel inflation. These and other open questions have led leading economists to predict that full recovery will not come until late 2011 or early 2012. We advise law firm leaders to remain cautious about growth, to continue to be alert to the possibility of additional, prudent cost-cutting, to reassess their associate and partner promotion models, and to invest in positioning and branding to enhance their visibility in their most profitable markets. We believe that firms that align their strategies with the current needs of the marketplace will be positioned to emerge from the recession as strong market leaders. 1 PPEP and GR figures in this table were published by The American Lawyer in 2009 and 2010. 2 Using data published by The American Lawyer, we calculated the 2007 to 2009 average compounded annual growth rate ( CAGR ) for profits per equity partner for the Am Law 100 as a group, as well as for sub-groups defined by geographic location. The American Lawyer labels some firms as national or international. It identifies the remaining firms by their city of origin. In our analysis, we used The American Lawyer designations and created additional groups: Southeast including firms based in Atlanta and Richmond (5 firms); Northeast Boston and Philadelphia (8 firms); and Midwest Chicago, Kansas City, Milwaukee, Minneapolis, and St. Louis (8 firms). We also analyzed the aggregate performance of firms located in New York (19 firms), Washington, D.C. (8 firms), Texas (6 firms), and California (6 firms).