The Global 100 Grew by Leaps and Bounds in 2018
Revenues reached new heights thanks to steady demand as the Global 100 took on a more international flavor.
September 24, 2018 at 12:01 AM
8 minute read
The world's top-grossing law firms didn't just cross the $100 billion revenue threshold for the first time in 2017—they vaulted across it.
Total revenue for the Global 100 increased a robust 6.4 percent in 2017, dwarfing rises of 2.8 percent and 3.1 percent from each of the previous two years. These firms brought in a collective $105.7 billion dollars, almost $10 billion more than the 2015 total. And a total of 41 firms cracked the $1 billion mark, up from 34 firms in 2016.
"It's reflective of the fact that last year was the first in a long time that most firms had all practice areas faring well," says former Clifford Chance managing partner Tony Williams, now a management consultant at Jomati.
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8 minute readLaw Firms Mentioned
- Eversheds Sutherland
- Yingke
- Zhonglun W&D Law Firm
- Ashurst
- Baker McKenzie
- Baker Botts
- Clifford Chance
- Dentons
- Bryan Cave Leighton Paisner
- Cadwalader Wickersham & Taft
- Kirkland & Ellis
- Freshfields Bruckhaus Deringer
- Herbert Smith Freehills LLP
- Arnold & Porter
- K&L Gates
- Kilpatrick Townsend & Stockton LLP
- Latham & Watkins
- Linklaters
- McCarthy Tetrault
- Norton Rose Fulbright
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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