Latham Becomes World’s Top-Grossing Law Firm

The world’s top-grossing law firm is Latham & Watkins, according to a new industry report.

In 2014, Latham brought in $2.6 billion in revenue, a 14 percent increase from the previous year, according to legal magazine, The American Lawyer, which ranks law firm financial metrics, such as profits per partner and revenue, every year.

Taking the No. 1 spot for revenue is a first for Latham. Since The American Lawyer began publishing law firm financials 30 years ago, only three other law firms have held that position: Baker & McKenzie, DLA Piper and Skadden, Arps, Slate, Meagher & Flom.

DLA Piper ...