List of largest law firms by revenue
This is a list of the world's largest law firms by revenue.
The combined revenue of the world's top 200 law firms exceeded $100bn in 2015. The list includes 144 US, 31 UK, 9 Asian, 7 Canadian and 9 European firms, which collectively brought in $127bn in 2014.[1]
The average firm produces revenue of some $550m in revenue and employs 830 lawyers, including 314 partners. Average revenue per partner is $1.77m.
Collectively, the top 200 global firms have offices in 573 cities in 94 countries around the world. The US is, naturally, by far the largest jurisdiction for these firms, employing a total of 40,376 partners, or 64.2 per cent of partnerships in The Lawyer Global 200 ranking. The UK is second, with 6,929 partners, while Canada comes third with 2,252 partners.[1]
The following is a list of the world's 100 largest law firms by revenue as of September 2016.[2]
Rank | Name | Revenue | Headquarters | Number of Offices | Year established | Profit margin | Profit per lawyer | PEP |
---|---|---|---|---|---|---|---|---|
1 ![]() |
Latham & Watkins | $2.65b[3] | ![]() |
22 | 1934 | 50% | $606,000 | $2,905,000 |
2 ![]() |
Baker & McKenzie | $2.62b[4] | ![]() |
77 | 1949 | 35% | $183,000 | $1,300,000 |
3 ![]() |
DLA Piper | $2.54b [5] | ![]() ![]() |
80 | 2005 (by merger between San Diego-based Gray Cary Ware & Freidenrich LLP, Chicago-based Piper Rudnick LLP and United Kingdom-based DLA LLP) | 24% | $148,000 | $1,568,000 |
4 ![]() |
Skadden, Arps, Slate, Meagher & Flom | $2.41b | ![]() |
23 | 1948 | 51% | $727,000 | $3,125,000 |
5 ![]() |
Kirkland & Ellis | $2.3b | ![]() |
12 | 1909 | 55% | $771,000 | $3,605,000 |
6 ![]() |
Clifford Chance | $2.11b[6] | ![]() |
36 | 1987 (by merger of two London-based law firms, Clifford Turner and Coward Chance) | 36% | $251,000 | $1,880,000 |
7 ![]() |
Freshfields Bruckhaus Deringer | $2.03b[6] | ![]() |
27 | 1743 | 46% | $415,000 | $2,251,000 |
8 ![]() |
Dentons | $2.03b | ![]() ![]() |
137 | 2013 (by merger of SNR Denton, Fraser Milner Casgrain and Salans. The combination between Dentons and Chinese law firm Dacheng announced in January 2015 created the world’s largest law firm by headcount.) | N/A | $169,000 | $1,070,000 |
9 ![]() |
Allen & Overy | $2.02b[6] | ![]() |
46 | 1930 | 40% | $301,000 | $1,849,000 |
10 ![]() |
Linklaters | $2.01b[6] | ![]() |
29 | 1838 | 47% | $357,000 | $2,145,000 |
11 ![]() |
Jones Day | $1.94b | ![]() |
44 | 1893 | 48% | $368,000 | $1,010,000 |
12 ![]() |
Sidley Austin | $1.86b | ![]() |
20 | 1866 | 38% | $397,000 | $2,063,000 |
13 ![]() |
Morgan Lewis & Bockius | $1.84b | ![]() |
28 | 1873 | 43% | $451,000 | $1,530,000 |
14 ![]() |
Hogan Lovells | $1.82b | ![]() ![]() |
46 | 2010 (by merger of Washington-based Hogan & Hartson and London-based Lovells) | 37% | $265,000 | $1,250,000 |
15 ![]() |
Norton Rose Fulbright | $1.73b | ![]() |
50 | 1794 | 32% | $158,000 | $600,000 |
16 ![]() |
Gibson Dunn | $1.53b | ![]() |
18 | 1890 | 62% | $780,000 | $3,185,000 |
17 ![]() |
White & Case | $1.52b | ![]() |
41 | 1901 | 38% | $292,000 | $2,017,000 |
18 ![]() |
Ropes & Gray | $1.39b | ![]() |
11 | 1865 | 41% | $514,000 | $2,018,000 |
19 ![]() |
Herbert Smith Freehills | $1.329b | ![]() |
24 | 2012 (by merger between the United Kingdom-based Herbert Smith, a member of the "Silver Circle" of leading UK law firms, and Freehills, one of the "Big Six" law firms in Australia) | 31% | $175,000 | $1,284,000 |
20 ![]() |
Greenberg Traurig | $1.321b | ![]() |
37 | 1967 | 34% | $248,000 | $1,474,000 |
21 ![]() |
Sullivan & Cromwell | $1.31b | ![]() |
12 | 1879 | 49% | $805,000 | $3,870,000 |
22 ![]() |
Simpson Thacher & Bartlett | $1.27b | ![]() |
11 | 1884 | 51% | $675,000 | $3,470,000 |
23 ![]() |
Mayer Brown | $1.25b | ![]() |
22 | 1881 | 35% | $296,000 | $1,558,000 |
24 ![]() |
Cleary Gottlieb | $1.21b | ![]() |
16 | 1946 | 48% | $446,000 | $3,080,000 |
25 ![]() |
Weil Gotshal | $1.16b | ![]() |
21 | 1931 | 36% | $356,000 | $2,522,000 |
26 ![]() |
WilmerHale | $1.14b | ![]() |
12 | 2004 (by merger of the Boston-based firm, Hale and Dorr and the Washington-based firm Wilmer Cutler & Pickering | 44% | $559,000 | $1,810,000 |
27 ![]() |
CMS | $1.123b | ![]() |
17 | 1997 (by merger in 1997 of Cameron Markby Hewitt with fellow City of London law firm McKenna & Co to form CMS Cameron McKenna in 1999) | 31% | $122,000 | $671,000 |
28 ![]() |
Reed Smith | $1.120b | ![]() |
26 | 1877 | 30% | $201,000 | $1,104,000 |
29 ![]() |
Paul, Weiss, Rifkind, Wharton & Garrison | $1.109b | ![]() |
8 | 1875 | 52% | $603,000 | $4,085,000 |
30 ![]() |
Davis Polk & Wardwell | $1.10b | ![]() |
10 | 1849 | 46% | $585,000 | $3,305,000 |
31 ![]() |
K&L Gates | $1.06b | ![]() |
45 | 2007 (by merger between Kirkpatrick & Lockhart Nicholson Graham and Preston Gates & Ellis to form Kirkpatrick & Lockhart Preston Gates Ellis. The name was later shortened to K&L Gates.) | 17% | $96,000 | $875,000 |
32 ![]() |
Paul Hastings | $1.05b | ![]() |
20 | 1951 | 46% | $536,000 | $2,505,000 |
33 ![]() |
Quinn Emanuel Urquhart & Sullivan | $1.04b | ![]() |
18 | 1986 | 66% | $1,023,000 | $4,419,000 |
34 ![]() |
King & Wood Mallesons | $1.02b | ![]() |
30 | 2012 (by merger of Chinese law firm King & Wood, Australian 'Big Six' firm Mallesons Stephens Jacques and UK 'Silver Circle' firm SJ Berwin) | 31% | $142,000 | $900,000 |
35 ![]() |
King & Spalding | $1.01b | ![]() |
17 | 1885 | 44% | $478,000 | $2,515,000 |
36 ![]() |
Morrison & Foerster | $979.5m | ![]() |
17 | 1883 | 38% | $400,000 | $1,555,000 |
37 ![]() |
Akin Gump Strauss Hauer & Feld | $930.1m | ![]() |
21 | 1945 | 43% | $469,000 | $1,912,000 |
38 ![]() |
Squire Patton Boggs | $929.1m | ![]() |
46 | 2014 (by merger of Cleveland-headquartered Squire Sanders with D.C.-based Patton Boggs) | 13% | $86,000 | $843,000 |
39 ![]() |
Orrick, Herrington & Sutcliffe | $913.2m | ![]() |
23 | 1863 | 25% | $249,000 | $1,785,000 |
40 ![]() |
Cooley | $912m | ![]() |
12 | 1920 | 41% | $461,000 | $1,885,000 |
41 ![]() |
McDermott Will & Emery | $891.6m | ![]() |
19 | 1934 | 35% | $303,000 | $1,581,000 |
42 ![]() |
Dechert | $890.2m | ![]() |
27 | 1875 | 46% | $463,000 | $2,512,000 |
43 ![]() |
Goodwin Procter | $865.5m | ![]() |
10 | 1912 | 45% | $492,000 | $1,992,000 |
44 ![]() |
Shearman & Sterling | $860.3m | ![]() |
18 | 1873 | 35% | $356,000 | $1,835,000 |
45 ![]() |
Wachtell Lipton Rosen & Katz | $831.5m | ![]() |
1 | 1965 | 67% | $2,124,000 | $6,600,000 |
46 ![]() |
Proskauer Rose | $822.3m | ![]() |
13 | 1875 | 44% | $518,000 | $2,150,000 |
47 ![]() |
Winston & Strawn | $818.5m | ![]() |
18 | 1853 | 32% | $327,000 | $1,812,000 |
48 ![]() |
Slaughter and May | $793.2m | ![]() |
4 | 1889 | 50% | $580,000 | $3,477,000 |
49 ![]() |
Ashurst | $771.8m | ![]() |
27 | 1822 | 31% | $148,000 | $922,000 |
50 ![]() |
Milbank, Tweed, Hadley & McCloy | $771.1m | ![]() |
12 | 1866 | 52% | $620,000 | $2,756,000 |
51 ![]() |
Debevoise & Plimpton | $756.9m | ![]() |
9 | 1931 | 46% | $560,000 | $2,624,000 |
52 ![]() |
Perkins Coie | $748.6m | ![]() |
19 | 1912 | 27% | $216,000 | $1,096,000 |
53 ![]() |
Holland & Knight | $744m | ![]() |
27 | 1968 | 30% | $211,000 | $1,250,000 |
54 ![]() |
Covington & Burling | $742.5m | ![]() |
10 | 1919 | 44% | $413,000 | $1,275,000 |
55 ![]() |
Wilson Sonsini Goodrich & Rosati | $735m | ![]() |
15 | 1961 | 40% | $420,000 | $2,220,000 |
56 ![]() |
Baker Botts | $704.5m | ![]() |
14 | 1840 | 43% | $422,000 | $1,802,000 |
57 ![]() |
O'Melveny & Myers | $689.3m | ![]() |
15 | 1885 | 43% | $472,000 | $1,760,000 |
58 ![]() |
Alston & Bird | $688m | ![]() |
10 | 1893 | 36% | $330,000 | $1,745,000 |
59 ![]() |
Clyde & Co | $683.2m | ![]() |
46 | 1933 | 27% | $131,000 | $1,029,000 |
60 ![]() |
Foley & Lardner | $682m | ![]() |
20 | 1842 | 24% | $197,000 | $1,130,000 |
61 ![]() |
Cravath Swaine & Moore | $666.5m | ![]() |
2 | 1819 | 48% | $678,000 | $3,556,000 |
62 ![]() |
Willkie Farr & Gallagher | $658m | ![]() |
9 | 1888 | 55% | $640,000 | $2,607,000 |
63 ![]() |
McGuireWoods | $653.5m | ![]() |
23 | 1834 | 28% | $188,000 | $1,045,000 |
64 ![]() |
Arnold & Porter | $650m | ![]() |
9 | 1946 | 44% | $424,000 | $1,210,000 |
65 ![]() |
BakerHostetler | $633.5m | ![]() |
14 | 1916 | 25% | $173,000 | $930,000 |
66 ![]() |
Vinson & Elkins | $627.7m | ![]() |
16 | 1917 | 44% | $443,000 | $1,888,000 |
67 ![]() |
Eversheds | $619.8m | ![]() |
55 | 1988 (by a four-way merger between Manchester-based Alexander Tatham & Co, Sheffield-based Broomheads & Neals, Norwich-based Daynes Hill & Perks and Birmingham-based Evershed & Tomkinson) | 22% | $79,000 | $1,135,000 |
68 ![]() |
Bryan Cave | $616.8m | ![]() |
27 | 1873 | 26% | $178,000 | $802,000 |
69 ![]() |
Locke Lord | $597.2m | ![]() |
23 | 2007 (by merger of Locke Liddell & Sapp and Lord Bissell & Brook, forming Locke Lord Bissell & Liddell) | 26% | $186,000 | $890,000 |
70 ![]() |
Seyfarth Shaw | $590m | ![]() |
14 | 1945 | 33% | $245,000 | $1,020,000 |
71 ![]() |
Pinsent Masons | $584.3m | ![]() |
21 | 2004 (by merger of Pinsent & Co and Masons, forming Pinsent Masons) | 24% | $88,000 | $841,000 |
72 ![]() |
Katten Muchin Rosenman | $561.5m | ![]() |
13 | 2002 (by merger of Chicago-based Katten Muchin & Zavis and New York-based Rosenman & Colin) | 40% | $361,000 | $1,510,000 |
73 ![]() |
Sheppard, Mullin, Richter & Hampton | $559.5m | ![]() |
15 | 1927 | 31% | $288,000 | $1,445,000 |
74 ![]() |
Pillsbury Winthrop Shaw Pittman | $557m | ![]() |
18 | 1868 | 32% | $295,000 | $1,185,000 |
75 ![]() |
Hunton & Williams | $528m | ![]() |
19 | 1901 | 30% | $228,000 | $950,000 |
76 ![]() |
Littler Mendelson | $506.5m | ![]() |
70 | 1942 | 32% | $167,000 | $425,000 |
77 ![]() |
Fried, Frank, Harris, Shriver & Jacobson | $504.3m | ![]() |
5 | 1890 | 45% | $555,000 | $2,198,000 |
78 ![]() |
Fragomen, Del Rey, Bernsen & Loewy | $494m | ![]() |
40 | 1951 | 24% | $214,000 | $1,850,000 |
79 ![]() |
Venable LLP | $477m | ![]() |
9 | 1900 | 36% | $288,000 | $1,060,000 |
80 ![]() |
Troutman Sanders | $468.5m | ![]() |
16 | 1897 | 39% | $288,000 | $970,000 |
81 ![]() |
Faegre Baker Daniels | $465.9m | ![]() |
14 | 2012 (by merger of Faegre & Benson LLP and Baker & Daniels LLP) | 39% | $270,000 | $796,000 |
82 ![]() |
Jenner & Block | $464.9m | ![]() |
5 | 1914 | 42% | $449,000 | $1,716,000 |
83 ![]() |
Cadwalader, Wickersham & Taft | $463.5m | ![]() |
8 | 1792 | 21% | $216,000 | $2,062,000 |
84 ![]() |
Nixon Peabody | $461m | ![]() |
16 | 1999 (by merger of New York-based Nixon, Hargrave, Devans & Doyle LLP and Boston-based Peabody & Brown) | 29% | $214,000 | $905,000 |
85 ![]() |
Simmons & Simmons | $451m | ![]() |
21 | 1896 | 30% | $158,000 | $893,000 |
86 ![]() |
Duane Morris | $434.5m | ![]() |
27 | 1904 | 25% | $171,000 | $900,000 |
87 ![]() |
Bird & Bird | $412.7 | ![]() |
28 | 1846 | 16% | $63,000 | $722,000 |
88 ![]() |
Kilpatrick Townsend & Stockton | $411.5m | ![]() |
17 | 1860 | 25% | $177,000 | $930,000 |
89 ![]() |
Polsinelli | $410m | ![]() |
17 | 1972 | 21% | $119,000 | $725,000 |
90 ![]() |
Drinker Biddle & Reath | $409.5m | ![]() |
10 | 1849 | 34% | $259,000 | $800,000 |
91 ![]() |
Jackson Lewis | $407m | ![]() |
57 | 1958 | 35% | $188,000 | $600,000 |
92 ![]() |
Lewis Brisbois Bisgaard & Smith | $406m | ![]() |
34 | 1979 | 22% | $86,000 | $860,000 |
93 ![]() |
Schulte Roth & Zabel | $405m | ![]() |
3 | 1969 | 49% | $558,000 | $2,331,000 |
94 ![]() |
Williams & Connolly | $403m | ![]() |
1 | 1967 | 45% | $600,000 | $1,560,000 |
95 ![]() |
Ogletree, Deakins, Nash, Smoak & Stewart | $399m | ![]() |
49 | 1977 | 27% | $147,000 | $660,000 |
96 ![]() |
Fish & Richardson | $395m | ![]() |
12 | 1878 | 40% | $467,000 | $1,490,000 |
97 ![]() |
Taylor Wessing | $389m | ![]() |
30 | 2002 (by merger of London-based Taylor Joynson Garrett and the German law firm Wessing & Berenberg-Gossler) | 38% | $157,000 | $613,000 |
98 ![]() |
Pepper Hamilton | $388.5m | ![]() |
13 | 1890 | 36% | $286,000 | $1,025,000 |
99 ![]() |
Berwin Leighton Paisner | $388.2m | ![]() |
14 | 2001 (by merger of Berwin Leighton and Paisner & Co) | 22% | $110,000 | $1,049,000 |
100 ![]() |
Fidal | $384m | ![]() |
90 | 1922 | 7% | $21,000 | $383,000 |
See also
References
- 1 2 Joanne Harris (23 June 2016). "Revealed: Global 200 deliver £81bn revenue in 2015". (access requires subscription)
- ↑ http://www.legalbusiness.co.uk/index.php/global-100-2016
- ↑ "Latham & Watkins posts record high revenue and PEP for 2014". Legalweek. Retrieved 2015-08-23.
- ↑ Will White (2016-08-22). "BAKER & MCKENZIE ANNOUNCES GLOBAL REVENUES OF US$2.62 BILLION". www.bakermckenzie.com. Retrieved 2016-11-26.
- ↑ The Lawyer; Legal Business (2014-08-11). "DLA Piper revenue tops $2.5 billion, but profits sag". www.legalisglobal.com. Retrieved 2016-03-02.
- 1 2 3 4 http://www.thelawyer.com/analysis/the-lawyer-management/financial-insight/magic-circle-growth-combined-global-revenue-hits-514bn-in-2014/15/3037077.article
5. http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=748351