Bloomberg Law
Feb. 24, 2017, 1:29 PM UTC

Wake Up Call: Latham Sets Revenue Record at $2.8B

• Latham & Watkins earned the most revenue ever by a law firm in a single year in 2016 and looks likely to remain the world’s largest law firm by revenue. Revenue at the L.A.-founded firm rose 6.5 percent, to a record $2.823 billion, its seventh-straight yearly gain. Profits per partner rose 5.3 percent, to $3.06 million. ( Am Law Daily )

• Citigroup Inc. is establishing a global regulatory affairs team in Washington, D.C., as Wall Street firms prepare for the possibility of widespread changes to financial rules under the Trump administration, on the heels of similar moves by rivals like JPMorgan ...

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