Now let`s take a closer look at the top three metrics (gross revenue, revenue per attorney, and profit per partner) and the top 10 companies in each category. If lawyers are so bad at business, why did the Am Law 100, the nation`s top 100 law firms by revenue, have such a banner 2020? Amid a global pandemic and economic downturn — which has rocked so many industries, from airlines to hospitality to commercial real estate — large law firms have thrived. Founded in Los Angeles in 1934, Latham Watkins has grown into a multinational giant and has established itself as one of the world`s leading companies. Top law school candidates and lateral newcomers can expect a rigorous hiring process that emphasizes academic achievement, cultural fit and diversity, and can expect seamless integration into the firm. Latham offers a welcoming and pleasant atmosphere where employees maintain cooperative relationships with partners and even participate in mandatory and confidential partner performance reviews. Training opportunities for employees are plentiful, and employees benefit from assigned and de facto mentors. There is no shortage of work, although it is distributed equitably among employees and there is some flexibility in when and where it takes place. The best law firm in the country might be able to get you there! Submit your resume to BCG Attorney Search today: CLICK HERE Congratulations to Kirkland & Ellis and Latham & Watkins, once again the two best-selling law firms, both of which recorded double-digit revenue growth. All other top 10 firms also increased revenue, with the exception of Baker McKenzie, which saw a slight decline (perhaps due to the firm`s global nature; the U.S. legal market generally outperformed foreign markets last year). The company was founded in January 1934 in Los Angeles, California by Dana Latham and Paul Watkins. Latham`s practice focused on federal and state tax law and eventually served as a commissioner of the U.S. Internal Revenue Service under President Dwight Eisenhower.

Watkins` practice was primarily work-oriented. At first, the firm grew slowly, from 1960 only 19 lawyers were employed. Beginning in the 1970s, the company began to grow rapidly, opening new offices in Orange County, Washington D.C., San Diego, Chicago, and New York.[3] In the 1990s, the firm opened its first international office in London. Since then, the company has continued its international expansion with 18 international offices in Europe, Asia Pacific and the Middle East. [ref. needed] Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, Latham is the second largest law firm in the world by revenue. [1] As of 2021, Latham is also one of the most profitable law firms in the world, with a profit per partner of over $4.5 million. [2] Based on the ranking, I would like to conclude with a personal announcement.

As noted in passing in this New York Times article by columnist Ben Smith, I`m returning to writing full-time starting next week. I`ve loved recruiting, but one thing I`ve learned about myself during this crazy year, including my near-death experience with Covid-19, is that writing is what I really love. And now, everyone`s favorite ranking: the top 10 companies by profit per partner. The full list can be found here. As you can see, revenue per lawyer grew quite well in the top ten, with four law firms posting double-digit growth. Once again, Wachtell Lipton and Sullivan & Cromwell took the top two spots – but Davis Polk went from #10 to #3. Two other companies known for their strong capital markets practices, Cahill Gordon and Debevoise & Plimpton, also posted solid gains and made it into the top 10. Editor`s Note: This is the latest in a series of articles from Lateral Link`s team of experts.

This role comes from David Lat, Managing Director of the New York office, where he focuses on placing the best partners, partners and groups of partners in outstanding law firms across the country. Last week, the U.S. attorney released his long-awaited Am Law 100 ranking for 2021. As a group, here`s how the Am Law 100 performed in 2020 (as noted by Dan Packel in his excellent data analysis): Here are the top 10 companies in the 2021 Am Law 100, ranked by their gross revenue in 2020. The full list can be found here. What was the reason for the dramatic increase in profitability? Yes, cost reductions have played a role; Businesses have taken advantage of the pandemic to become more efficient by eliminating or reducing various expenses they were already trying to reduce (e.g. certain administrative tasks, real estate costs, etc.). According to the National Law Journal`s 2022 NLJ 500 ranking for companies by size, Latham & Watkins has 3,078 lawyers and ranks 4th in the United States. With gross revenue of $5,488,778,000 in 2021, the firm ranked No. 2 in The American Lawyer`s 2022 Am Law 200 ranking.

In the 2022 Global 200 survey, Latham & Watkins ranked 2nd among the world`s best-selling law firms. The colored bars represent the range of average business valuations. Black line is the rating of this company. Top Practice by Headcount and Top Schools data is provided by Leopard Solutions. Leopard Solutions is a leading provider of attorney data for legal recruiters, law firms, and law schools. We follow lawyers in over 1500 law firms across the country, documenting their practice, specialties, awards, superior languages and more. We offer an overview of each law firm as well as detailed information about individual lawyers. The data can be used to track trends, movements, growth, etc.

I really enjoyed my two years at Lateral Link, thanks in large part to my great colleagues, and I wouldn`t have wanted to work at another recruitment company. I don`t think there`s any other legal recruitment firm that has such talented recruiters and does a great job of encouraging and motivating them to work together as a team. A career at Latham & Watkins gives you the opportunity to do one of the best jobs of your life. The possibilities are limitless – Latham`s unassigned curriculum allows you to follow your intellectual curiosity to explore the company`s market-leading practices before choosing your department, practice or industry. You will be encouraged. Dana Latham — a former IRS commissioner — and Paul Watkins founded the firm in 1934 to focus on tax and labor law.