Hogan Lovells was formed in 2010 from a merger between Lovells LLP and Hogan & Hartson. The firm currently has more than 2,600 lawyers on its list, reporting revenue of $2.25 billion, ranking tenth. Headquartered in London and Chicago, the company ranked third with annual revenue of $3.11 billion. It employs nearly 4,000 lawyers in its offices, with areas of activity in sectors such as education, public procurement, insurance and technology. For the fifth year in a row, Kirkland occupies the first place with an astonishing new record of gross sales. Seven of the top 10 law firms increased their revenues per lawyer by double digits (up from four in 2020). Once again, Wachtell and Sullivan & Cromwell took the top two spots. Davis Polk has cooled somewhat after its 22% growth in 2020 in terms of LPR, the market leader. Cravath impressed with his climb from #10 to #3 (reflecting Davis Polk`s jump in 2020).
Quinn Emanuel and Paul, Weiss climbed into the top 10, ousting Cahill Gordon and Debevoise. For the fourth year in a row, Kirkland & Ellis is in first place in the revenue rankings with $4.8 billion. Lateral Link is one of the highest-rated international law firms. With more than 14 offices worldwide, Lateral Link specializes in the organization of lawyers with the most prestigious law firms and firms in the world. Lateral Link is led by former practicing lawyers from top law schools and has a tradition of hiring lawyers to make the cross-leaps of practicing lawyers. Click here to learn more about us. Plus, an impressive 52 (!) The big law firms have moved into the club of billions of dollars, which means they have achieved gross sales of more than a billion dollars in 2021. It`s. many companies. Here are these firms, in order of gross income: Some of the impressive earnings growth can be explained by harder-working lawyers. According to data from the 61 firms that provided billing figures to the American Lawyer, billed hours increased by 5.7% compared to 2020. Meanwhile, the number of employees in the Am 100 law has increased by only 2.1%.
As we can confirm at Lateral Link, companies have been eager to add talent in 2021, but growing ranks has been challenging given the intense competition. DLA Piper, one of the world`s largest law firms with lawyers in more than 40 countries, emerged after a mega-merger of several international law firms in 2005. Headquartered in Los Angeles with offices in 14 countries and more than 2,400 lawyers on board, Latham & Watkins ranks second in annual revenue with reported revenue of $3.77 billion. The company has a wide range of services, from activism to entertainment and media to real estate and economic defense. Make hay while the sun shines – and in 2021, the big rights companies did just that. Taking advantage of a strong economy and a booming M&A market, the Am Law 100 achieved what Ben Seal of The American Lawyer called “the group`s best financial results in a generation.” According to the company`s website, the main sectors include banking, healthcare, private equity, transportation and logistics. Reported revenues were $2.3 billion. Now let`s take a closer look at the top three indicators — gross revenue, revenue per lawyer, and earnings per equity partner — and the top 10 companies in each category. Here is a list of the ten best law firms in the world. All figures have been compiled from the Global 200 2020, a rank of The International Lawyer, and represent the 2019 fiscal year. Revenue growth has been strong across all areas, with each Am Law 100 company experiencing an increase (compared to the 26 companies that experienced a revenue decline in 2020).
Remarkably, 63 companies increased their sales by at least 10% and 18 by at least 20%. ALM`s latest ranking takes the top 100 law firms and ranks them based on their gross revenue. The highlights of the report show that in 2021, there were many large law firms raking the dough. In fact, all – it`s true, ALL COMPANIES – on the Am 100 law had an increase in gross revenue in 2021 compared to 2020. The firm has more than 10,000 lawyers in more than 70 countries. Dentons ranked fifth on the list with annual sales of $2.9 billion. Forty-two companies generated gross sales of $1 billion or more in 2020, one more than in 2019. Seventy-four firms recorded gross sales gains. Davis Polk & Wardwell posted the largest increase of 22.6%. Shearman & Sterling recorded the biggest decline of 11.1%.
Gross sales figures in this chart are rounded to the nearest $1,000. For more information, see our methodology. The law is a large service company. Economics, finance, taxation, litigation, corporate affairs, disputes, patents, copyright, antitrust, property, labor, arbitration, as well as administration, politics, and social affairs all require legal expertise. Although there are other criteria for evaluating law firms, such as income per partner or lawyer, number of lawyers or percentage of year-on-year growth, annual turnover remains the most accurate, consistent and easy to track. Kirkland & Ellis LLP serves a number of niche clients in corporate, tax, litigation, intellectual property and restructuring. With about 2,000 lawyers on board, the U.S. law firm`s revenue in 2019 was $4.15 billion, putting it at the top of the list. The company has a number of leading customers, including Boeing, Delta Airlines, Nike and Verizon.
Average revenue per lawyer (“LPR”): $1.18 million, up 12.5%. White & Case moved up two places to 6th place, while Sidley Austin slipped one place to 6th place. 7. Ropes & Gray moved up three places to the No. 8 position. Hogan Lovells was in 9th position, while Morgan, Lewis & Bockius slipped three positions to 10th place. Fifty-two companies generated gross sales of $1 billion or more in 2021, 10 more than in 2020. All companies recorded growth in gross sales. Cadwalader recorded the largest increase with 34.6%. Last month, the U.S. attorney released the Am Law 100 2022 ranking, based on financial performance in 2021. Considered a group, the country`s 100 largest law firms performed remarkably well.
Here are the general measures for last year: Reported annual revenue was $2.63 billion. The company advises companies, financial institutions and government agencies around the world. Kirkland & Ellis and Latham & Watkins once again led the pack, not only retaining their No. 1 and No. 2 slots, but also growing revenue faster than other companies in the top 10. The composition of the leading group has been fairly stable, with Ropes & Gray recording a growth rate of 22% in the top 10 and Jones Day coming out despite a 10% increase in sales. The top 10 companies in our gross revenue ranking remained the same, with only one change in position. In order, it was Kirkland & Ellis; Latham and Watkins; DLA Piper; Baker McKenzie; Skadden, Arps, Slate, Meagher & Flom; Sidley Austin; Morgan, Lewis and Bockius; White & Housing; Hogan Lovells; and Jones Day. White & Case improved from one place to position no.