Although the outperformance of Am Law 50 firms is not as significant as last year, they continue to stand out in 2025 due to strong demand from megadeals and talent accumulation. A group of about a dozen high-performing firms experienced a 3.9% increase in demand, more than double the 1.8% increase for the rest of the segment, according to Wells Fargo data. “Megadeals are commanding a premium, which has improved realization rates and led to excellent collections,” noted one expert.