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WHAT WE’RE WATCHING

GREAT DIVIDE – Sure, it’s good to be global. As Dan Packel reports, the world’s 200 highest-grossing law firms had a record year in 2018, increasing their collective revenue by nearly 8%. But an examination of the Global Second Hundred—those firms ranked 101 through 200—shows that the large gap between the two tiers only continued to expand, according to Law.com affiliate The American Lawyer. Of the Global 200’s total revenue, $31.9 billion came from the Second Hundred, exceeding the previous year’s tally by 6.5%. At the same time, the 100 top-grossing firms in the world grew their earnings 8.1% to $114.2 billion. The upshot? The Global 100 earned more than three-and-a-half times as much as their counterparts in the Second Hundred last year.