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] |  United States (Los Angeles, CA) |
22 | 1934 | 50% | $606,000 | $2,905,000 |
| 2 |
Baker & McKenzie | $2.62b[4] | United States (Chicago, IL) |
77 | 1949 | 35% | $183,000 | $1,300,000 |
3  |
DLA Piper | $2.54b [5] |  UK (London) / United States (Chicago, IL) |
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 | United States (New York, NY) (4 Times Square) |
23 | 1948 | 51% | $727,000 | $3,125,000 |
| 5 |
Kirkland & Ellis | $2.3b | United States (Chicago, IL) (300 North LaSalle) |
12 | 1909 | 55% | $771,000 | $3,605,000 |
| 6 |
Clifford Chance | $2.11b[6] | UK (London) (10 Upper Bank Street) |
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] | UK (London) |
27 | 1743 | 46% | $415,000 | $2,251,000 |
8  |
Dentons | $2.03b | United States /  PRC - Decentralised management |
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] | UK (London) |
46 | 1930 | 40% | $301,000 | $1,849,000 |
| 10 |
Linklaters | $2.01b[6] | UK (London) |
29 | 1838 | 47% | $357,000 | $2,145,000 |
| 11 |
Jones Day | $1.94b | United States (Cleveland, OH) |
44 | 1893 | 48% | $368,000 | $1,010,000 |
| 12 |
Sidley Austin | $1.86b | United States (Chicago, IL) (One South Dearborn) |
20 | 1866 | 38% | $397,000 | $2,063,000 |
| 13 |
Morgan Lewis & Bockius | $1.84b | United States (Philadelphia, PA) |
28 | 1873 | 43% | $451,000 | $1,530,000 |
| 14 |
Hogan Lovells | $1.82b | UK (London) / United States (Washington, DC) |
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 | UK (London) |
50 | 1794 | 32% | $158,000 | $600,000 |
| 16 |
Gibson Dunn | $1.53b | United States (Los Angeles, CA) (Wells Fargo Center) |
18 | 1890 | 62% | $780,000 | $3,185,000 |
| 17 |
White & Case | $1.52b | United States (New York, NY) |
41 | 1901 | 38% | $292,000 | $2,017,000 |
| 18 |
Ropes & Gray | $1.39b | United States (Boston, MA) (Prudential Tower) |
11 | 1865 | 41% | $514,000 | $2,018,000 |
| 19 |
Herbert Smith Freehills | $1.329b | UK (London) |
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 | United States - Decentralised |
37 | 1967 | 34% | $248,000 | $1,474,000 |
| 21 |
Sullivan & Cromwell | $1.31b | United States (New York, NY) |
12 | 1879 | 49% | $805,000 | $3,870,000 |
| 22 |
Simpson Thacher & Bartlett | $1.27b | United States (New York, NY) |
11 | 1884 | 51% | $675,000 | $3,470,000 |
| 23 |
Mayer Brown | $1.25b | United States (Chicago, IL) |
22 | 1881 | 35% | $296,000 | $1,558,000 |
| 24 |
Cleary Gottlieb | $1.21b | United States (New York, NY) (One Liberty Plaza) |
16 | 1946 | 48% | $446,000 | $3,080,000 |
| 25 |
Weil Gotshal | $1.16b | United States (New York, NY) (General Motors Building) |
21 | 1931 | 36% | $356,000 | $2,522,000 |
| 26 |
WilmerHale | $1.14b | United States (Washington, DC / Boston, MA) |
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 | UK (London) |
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 | United States (Pittsburgh, PA) (Three PNC Plaza) |
26 | 1877 | 30% | $201,000 | $1,104,000 |
| 29 |
Paul, Weiss, Rifkind, Wharton & Garrison | $1.109b | United States (New York, NY) |
8 | 1875 | 52% | $603,000 | $4,085,000 |
| 30 |
Davis Polk & Wardwell | $1.10b | United States (New York, NY) |
10 | 1849 | 46% | $585,000 | $3,305,000 |
| 31 |
K&L Gates | $1.06b | United States (Pittsburgh, PA) (K&L Gates Center) |
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 | United States (Los Angeles, CA) (City National Plaza) |
20 | 1951 | 46% | $536,000 | $2,505,000 |
| 33 |
Quinn Emanuel Urquhart & Sullivan | $1.04b | United States (Los Angeles, CA) (TCW Tower) |
18 | 1986 | 66% | $1,023,000 | $4,419,000 |
| 34 |
King & Wood Mallesons | $1.02b |  Hong Kong, SAR (The Landmark) |
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 | United States (Atlanta, GA) (1180 Peachtree) |
17 | 1885 | 44% | $478,000 | $2,515,000 |
| 36 |
Morrison & Foerster | $979.5m | United States (San Francisco, CA) (425 Market Street) |
17 | 1883 | 38% | $400,000 | $1,555,000 |
| 37 |
Akin Gump Strauss Hauer & Feld | $930.1m | United States (Washington, DC) |
21 | 1945 | 43% | $469,000 | $1,912,000 |
| 38 |
Squire Patton Boggs | $929.1m | United States (Cleveland, OH) (Key Tower) |
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 | United States (San Francisco, CA) |
23 | 1863 | 25% | $249,000 | $1,785,000 |
| 40 |
Cooley | $912m | United States (Palo Alto, CA) |
12 | 1920 | 41% | $461,000 | $1,885,000 |
| 41 |
McDermott Will & Emery | $891.6m | United States (Chicago, IL) |
19 | 1934 | 35% | $303,000 | $1,581,000 |
| 42 |
Dechert | $890.2m | United States (Philadelphia, PA) |
27 | 1875 | 46% | $463,000 | $2,512,000 |
| 43 |
Goodwin Procter | $865.5m | United States (Boston, MA) |
10 | 1912 | 45% | $492,000 | $1,992,000 |
| 44 |
Shearman & Sterling | $860.3m | United States (New York, NY) (599 Lexington Avenue) |
18 | 1873 | 35% | $356,000 | $1,835,000 |
| 45 |
Wachtell Lipton Rosen & Katz | $831.5m | United States (New York, NY) (CBS Building) |
1 | 1965 | 67% | $2,124,000 | $6,600,000 |
| 46 |
Proskauer Rose | $822.3m | United States (New York, NY) (Eleven Times Square) |
13 | 1875 | 44% | $518,000 | $2,150,000 |
| 47 |
Winston & Strawn | $818.5m | United States (Chicago, IL) (Leo Burnett Building) |
18 | 1853 | 32% | $327,000 | $1,812,000 |
| 48 |
Slaughter and May | $793.2m | UK (London) |
4 | 1889 | 50% | $580,000 | $3,477,000 |
| 49 |
Ashurst | $771.8m | UK (London) |
27 | 1822 | 31% | $148,000 | $922,000 |
| 50 |
Milbank, Tweed, Hadley & McCloy | $771.1m | United States (New York, NY) (28 Liberty Street) |
12 | 1866 | 52% | $620,000 | $2,756,000 |
| 51 |
Debevoise & Plimpton | $756.9m | United States (New York, NY) (919 Third Avenue) |
9 | 1931 | 46% | $560,000 | $2,624,000 |
| 52 |
Perkins Coie | $748.6m | United States (Seattle, WA) (1201 Third Avenue) |
19 | 1912 | 27% | $216,000 | $1,096,000 |
| 53 |
Holland & Knight | $744m | United States (Miami, FL) |
27 | 1968 | 30% | $211,000 | $1,250,000 |
| 54 |
Covington & Burling | $742.5m | United States (Washington, DC) |
10 | 1919 | 44% | $413,000 | $1,275,000 |
| 55 |
Wilson Sonsini Goodrich & Rosati | $735m | United States (Palo Alto, CA) |
15 | 1961 | 40% | $420,000 | $2,220,000 |
| 56 |
Baker Botts | $704.5m | United States (Houston, TX) (One Shell Plaza) |
14 | 1840 | 43% | $422,000 | $1,802,000 |
| 57 |
O'Melveny & Myers | $689.3m | United States (Los Angeles, CA) |
15 | 1885 | 43% | $472,000 | $1,760,000 |
| 58 |
Alston & Bird | $688m | United States (Atlanta, GA) (One Atlantic Center) |
10 | 1893 | 36% | $330,000 | $1,745,000 |
| 59 |
Clyde & Co | $683.2m | UK (London) (St Botolph Building) |
46 | 1933 | 27% | $131,000 | $1,029,000 |
| 60 |
Foley & Lardner | $682m | United States (Milwaukee, WI) (U.S. Bank Center (Milwaukee)) |
20 | 1842 | 24% | $197,000 | $1,130,000 |
| 61 |
Cravath Swaine & Moore | $666.5m | United States (New York, NY) (One Worldwide Plaza) |
2 | 1819 | 48% | $678,000 | $3,556,000 |
| 62 |
Willkie Farr & Gallagher | $658m | United States (New York, NY) (AXA Equitable Center) |
9 | 1888 | 55% | $640,000 | $2,607,000 |
| 63 |
McGuireWoods | $653.5m | United States (Richmond, VA) |
23 | 1834 | 28% | $188,000 | $1,045,000 |
| 64 |
Arnold & Porter | $650m | United States (Washington, DC) |
9 | 1946 | 44% | $424,000 | $1,210,000 |
| 65 |
BakerHostetler | $633.5m | United States (Cleveland, OH) (Key Tower) |
14 | 1916 | 25% | $173,000 | $930,000 |
| 66 |
Vinson & Elkins | $627.7m | United States (Houston, TX) (First City Tower) |
16 | 1917 | 44% | $443,000 | $1,888,000 |
| 67 |
Eversheds | $619.8m | UK (London) |
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 | United States (St. Louis, MO) (One Metropolitan Square) |
27 | 1873 | 26% | $178,000 | $802,000 |
| 69 |
Locke Lord | $597.2m | United States (Dallas, TX) (Chase Tower (Dallas)) |
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 | United States (Chicago, IL) (Citadel Center) |
14 | 1945 | 33% | $245,000 | $1,020,000 |
| 71 |
Pinsent Masons | $584.3m | UK (London) |
21 | 2004 (by merger of Pinsent & Co and Masons, forming Pinsent Masons) | 24% | $88,000 | $841,000 |
| 72 |
Katten Muchin Rosenman | $561.5m | United States (Chicago, IL) |
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 | United States (Los Angeles, CA) |
15 | 1927 | 31% | $288,000 | $1,445,000 |
| 74 |
Pillsbury Winthrop Shaw Pittman | $557m | United States (New York, NY) (Bertelsmann Building) |
18 | 1868 | 32% | $295,000 | $1,185,000 |
| 75 |
Hunton & Williams | $528m | United States (Richmond, VA) |
19 | 1901 | 30% | $228,000 | $950,000 |
| 76 |
Littler Mendelson | $506.5m | United States (San Francisco, CA) |
70 | 1942 | 32% | $167,000 | $425,000 |
| 77 |
Fried, Frank, Harris, Shriver & Jacobson | $504.3m | United States (New York, NY) (1 New York Plaza) |
5 | 1890 | 45% | $555,000 | $2,198,000 |
| 78 |
Fragomen, Del Rey, Bernsen & Loewy | $494m | United States (New York, NY) |
40 | 1951 | 24% | $214,000 | $1,850,000 |
| 79 |
Venable LLP | $477m | United States (Baltimore, MD) |
9 | 1900 | 36% | $288,000 | $1,060,000 |
| 80 |
Troutman Sanders | $468.5m | United States (Atlanta, GA) (Bank of America Plaza (Atlanta)) |
16 | 1897 | 39% | $288,000 | $970,000 |
| 81 |
Faegre Baker Daniels | $465.9m | United States (Minneapolis, MN) (Wells Fargo Center (Minneapolis)) |
14 | 2012 (by merger of Faegre & Benson LLP and Baker & Daniels LLP) | 39% | $270,000 | $796,000 |
| 82 |
Jenner & Block | $464.9m | United States (Chicago, IL) (353 North Clark) |
5 | 1914 | 42% | $449,000 | $1,716,000 |
| 83 |
Cadwalader, Wickersham & Taft | $463.5m | United States (New York, NY) (200 Liberty Street) |
8 | 1792 | 21% | $216,000 | $2,062,000 |
| 84 |
Nixon Peabody | $461m | United States (Boston, MA) (100 Summer Street) |
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 | UK (London) (CityPoint) |
21 | 1896 | 30% | $158,000 | $893,000 |
| 86 |
Duane Morris | $434.5m | United States (Philadelphia, PA) |
27 | 1904 | 25% | $171,000 | $900,000 |
| 87 |
Bird & Bird | $412.7 | UK (London) |
28 | 1846 | 16% | $63,000 | $722,000 |
| 88 |
Kilpatrick Townsend & Stockton | $411.5m | United States (Atlanta, GA) |
17 | 1860 | 25% | $177,000 | $930,000 |
| 89 |
Polsinelli | $410m | United States (Kansas City, MO) |
17 | 1972 | 21% | $119,000 | $725,000 |
| 90 |
Drinker Biddle & Reath | $409.5m | United States (Philadelphia, PA) |
10 | 1849 | 34% | $259,000 | $800,000 |
| 91 |
Jackson Lewis | $407m | United States (White Plains, NY) |
57 | 1958 | 35% | $188,000 | $600,000 |
| 92 |
Lewis Brisbois Bisgaard & Smith | $406m | United States (Los Angeles, CA) |
34 | 1979 | 22% | $86,000 | $860,000 |
| 93 |
Schulte Roth & Zabel | $405m | United States (New York, NY) (919 Third Avenue) |
3 | 1969 | 49% | $558,000 | $2,331,000 |
| 94 |
Williams & Connolly | $403m | United States (Washington, DC) |
1 | 1967 | 45% | $600,000 | $1,560,000 |
| 95 |
Ogletree, Deakins, Nash, Smoak & Stewart | $399m | United States (Greenville, SC) |
49 | 1977 | 27% | $147,000 | $660,000 |
| 96 |
Fish & Richardson | $395m | United States (Boston, MA) |
12 | 1878 | 40% | $467,000 | $1,490,000 |
| 97 |
Taylor Wessing | $389m | UK (London) |
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 | United States (Philadelphia, PA) (Two Logan Square) |
13 | 1890 | 36% | $286,000 | $1,025,000 |
| 99 |
Berwin Leighton Paisner | $388.2m | UK (London) |
14 | 2001 (by merger of Berwin Leighton and Paisner & Co) | 22% | $110,000 | $1,049,000 |
| 100 |
Fidal | $384m |  France (Paris) |
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
This article is issued from Wikipedia - version of the 12/3/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.