The 2024 Global 100 Ranked by Profits Per Equity Partner
The 100 largest law firms in the world saw profit increase following a decline the previous year.
September 16, 2024 at 05:00 PM
3 minute read
The original version of this story was published on Law.com International
Editor's Note: This chart details the profit per equity partner figures of the 100 largest law firms by gross revenue, meaning there is the potential for firms with higher PEP to not be on this list if they were not on the Global 100 by revenue. Total equity partners among this group fell by just over 3%. The average PEP among these 100 firms is $2.43 million, a 12.4% from the Global 100 for FY 2022. In some instances, where numbers were not provided by the firm, estimates were used.
2024 Rank | Firm Name | FY 2023 PEP | FY 2023 Equity Partners | FY 2023 Gross Revenue |
---|---|---|---|---|
1 | Wachtell, Lipton, Rosen & Katz | $8,507,000 | 90 | $1,131,137,000 |
2 | Kirkland & Ellis | $7,955,000 | 539 | $7,208,000,000 |
3 | Quinn Emanuel Urquhart & Sullivan | $7,270,000 | 185 | $2,079,448,000 |
4 | Susman Godfrey | $6,989,000 | 90 | $744,188,000 |
5 | Paul, Weiss, Rifkind, Wharton & Garrison | $6,574,000 | 178 | $2,002,027,000 |
6 | Simpson Thacher & Bartlett | $6,433,000 | 198 | $2,336,050,000 |
7 | Sullivan & Cromwell | $6,250,000 | 173 | $1,864,290,000 |
8 | Davis Polk & Wardwell | $6,200,000 | 174 | $2,030,000,000 |
9 | Cravath, Swaine & Moore | $6,050,000 | 92 | $1,100,000,000 |
10 | Gibson, Dunn & Crutcher | $5,587,000 | 317 | $3,074,016,000 |
11 | Latham & Watkins | $5,516,000 | 544 | $5,688,226,000 |
12 | Skadden, Arps, Slate, Meagher & Flom | $5,403,000 | 334 | $3,270,091,000 |
13 | Paul Hastings | $5,395,000 | 166 | $1,814,993,000 |
14 | King & Spalding | $5,331,000 | 191 | $2,137,941,000 |
15 | Milbank | $5,114,000 | 166 | $1,514,100,000 |
16 | Weil, Gotshal & Manges | $4,645,000 | 180 | $1,829,486,000 |
17 | Sidley Austin | $4,592,000 | 266 | $3,100,458,000 |
18 | Ropes & Gray | $4,514,000 | 291 | $2,992,831,000 |
19 | Cleary Gottlieb Steen & Hamilton | $4,509,000 | 180 | $1,491,568,000 |
20 | Fried, Frank, Harris, Shriver & Jacobson | $4,355,000 | 114 | $1,008,772,000 |
21 | Debevoise & Plimpton | $4,043,000 | 150 | $1,355,559,000 |
22 | Willkie Farr & Gallagher | $3,863,000 | 205 | $1,500,000,000 |
23 | McDermott Will & Emery | $3,763,000 | 202 | $1,921,042,000 |
24 | Fenwick & West | $3,694,000 | 99 | $769,741,000 |
25 | Vinson & Elkins | $3,646,000 | 124 | $1,003,453,000 |
26 | Proskauer Rose | $3,605,000 | 156 | $1,230,482,000 |
27 | Dechert | $3,588,000 | 140 | $1,293,528,000 |
28 | Cooley | $3,535,000 | 241 | $2,034,319,000 |
29 | Alston & Bird | $3,253,000 | 157 | $1,150,108,000 |
30 | Goodwin Procter | $3,242,000 | 310 | $2,244,196,000 |
31 | Slaughter and May | $3,234,000 | 105 | $777,500,000 |
32 | Winston & Strawn | $3,218,000 | 116 | $1,190,728,000 |
33 | White & Case | $3,154,000 | 378 | $2,949,400,000 |
34 | Akin | $3,146,000 | 179 | $1,369,427,000 |
35 | DLA Piper (verein)* | $3,122,000 | 334 | $3,829,531,000 |
36 | Orrick, Herrington & Sutcliffe | $3,113,000 | 132 | $1,465,029,000 |
37 | Wilmer Cutler Pickering Hale and Dorr | $3,106,000 | 253 | $1,498,257,000 |
38 | Wilson Sonsini Goodrich & Rosati | $3,002,000 | 179 | $1,375,000,000 |
39 | Freshfields Bruckhaus Deringer | $2,982,000 | 438 | $2,662,160,000 |
40 | O'Melveny & Myers | $2,749,000 | 156 | $987,798,000 |
41 | Hogan Lovells | $2,742,000 | 361 | $2,682,000,000 |
42 | Morrison & Foerster | $2,739,000 | 181 | $1,343,000,000 |
43 | Allen & Overy | $2,613,000 | 476 | $2,736,800,000 |
44 | Shearman & Sterling | $2,566,000 | 95 | $837,100,000 |
45 | Clifford Chance | $2,461,000 | 433 | $2,861,200,000 |
46 | Baker Botts | $2,457,000 | 98 | $733,836,000 |
47 | Mayer Brown | $2,441,000 | 254 | $1,908,000,000 |
48 | Greenberg Traurig | $2,399,000 | 312 | $2,302,830,000 |
49 | Pillsbury Winthrop Shaw Pittman | $2,369,000 | 101 | $759,789,000 |
50 | Linklaters | $2,363,000 | 496 | $2,612,400,000 |
51 | Sheppard, Mullin, Richter & Hampton | $2,325,000 | 167 | $1,120,922,000 |
52 | Covington & Burling | $2,316,000 | 312 | $1,549,090,000 |
53 | Fragomen, Del Rey, Bernsen & Loewy | $2,235,000 | 63 | $890,555,000 |
54 | Katten Muchin Rosenman | $2,219,000 | 120 | $781,654,000 |
55 | Holland & Knight | $2,186,000 | 287 | $1,849,319,000 |
56 | Mintz, Levin, Cohn, Ferris, Glovsky and Popeo | $2,103,000 | 93 | $645,200,000 |
57 | Foley & Lardner | $2,072,000 | 150 | $1,167,974,000 |
58 | McGuireWoods | $2,054,000 | 200 | $1,020,023,000 |
59 | Squire Patton Boggs (verein)* | $2,035,000 | 127 | $1,242,200,000 |
60 | Baker McKenzie (verein)* | $1,981,000 | 605 | $3,286,791,000 |
61 | Morgan, Lewis & Bockius | $1,967,000 | 795 | $2,898,514,000 |
62 | Polsinelli | $1,907,000 | 128 | $856,145,000 |
63 | Baker & Hostetler | $1,818,000 | 120 | $971,554,000 |
64 | Hunton Andrews Kurth | $1,713,000 | 146 | $832,071,000 |
65 | Nelson Mullins Riley & Scarborough | $1,672,000 | 171 | $792,053,000 |
66 | Ashurst | $1,662,000 | 240 | $1,195,484,000 |
67 | Herbert Smith Freehills | $1,636,000 | 338 | $1,624,664,000 |
68 | Perkins Coie | $1,635,000 | 185 | $1,211,295,000 |
69 | Troutman Pepper | $1,626,000 | 246 | $1,072,130,000 |
70 | Arnold & Porter Kaye Scholer | $1,610,000 | 303 | $1,139,421,000 |
71 | Reed Smith | $1,599,000 | 276 | $1,429,301,000 |
72 | Jones Day | $1,567,000 | 834 | $2,666,241,000 |
73 | Eversheds Sutherland | $1,513,000 | 208 | $1,480,000,000 |
74 | Seyfarth Shaw | $1,484,000 | 219 | $880,216,000 |
75 | Blank Rome | $1,468,000 | 157 | $625,542,000 |
76 | McCarthy Tetrault | $1,418,000 | 170 | $635,000,000 |
77 | K&L Gates | $1,408,000 | 174 | $1,282,805,000 |
78 | Norton Rose Fulbright (verein)* | $1,400,000 | 506 | $2,261,192,000 |
79 | Simmons & Simmons | $1,343,000 | 189 | $714,056,000 |
80 | Venable | $1,338,000 | 195 | $812,100,000 |
81 | Barnes & Thornburg | $1,241,000 | 256 | $691,019,000 |
82 | Duane Morris | $1,181,000 | 149 | $648,804,000 |
83 | Lewis Brisbois Bisgaard & Smith | $1,142,000 | 145 | $720,000,000 |
84 | Cozen O'Connor | $1,139,000 | 197 | $653,043,000 |
85 | Faegre Drinker Biddle & Reath | $1,132,000 | 338 | $991,262,000 |
86 | Blake, Cassels & Graydon | $986,000 | 274 | $692,794,000 |
87 | Pinsent Masons | $973,000 | 187 | $808,102,000 |
88 | Bryan Cave Leighton Paisner | $950,000 | 200 | $840,267,000 |
89 | Ogletree, Deakins, Nash, Smoak & Stewart | $933,000 | 192 | $650,671,000 |
90 | CMS (EEIG)* | $922,000 | 742 | $2,117,274,000 |
91 | Clyde & Co. | $919,000 | 236 | $1,050,434,000 |
92 | Bird & Bird | $899,000 | 158 | $677,980,000 |
93 | Fox Rothschild | $887,000 | 226 | $694,700,000 |
94 | Yingke | $854,000 | 536 | $1,307,743,000 |
95 | Gowling WLG | $704,000 | 396 | $713,683,000 |
96 | Littler Mendelson | $575,000 | 403 | $681,480,000 |
97 | Kim & Chang | $433,000 | 230 | $994,824,000 |
98 | Dentons (verein)* | $403,000 | 2025 | $2,720,000,000 |
99 | King & Wood Mallesons (verein)* | $288,000 | 712 | $1,200,000,000 |
100 | Allbright | $283,000 | 434 | $684,235,000 |
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- Pinsent Masons
- Proskauer Rose
- Reed Smith
- Seyfarth Shaw
- Sidley Austin
- Skadden, Arps, Slate, Meagher & Flom LLP
- Squire Patton Boggs
- Eversheds Sutherland
- Susman Godfrey
- Venable
- Wachtell, Lipton, Rosen & Katz
- White & Case
- Wilmer Cutler Pickering Hale and Dorr LLP
- Yingke
- Hunton Andrews Kurth
- Ashurst
- Baker McKenzie
- Baker Botts
- Holland & Hart LLP
- Blank Rome
- Cleary Gottlieb Steen & Hamilton
- Clifford Chance
- Cooley
- Cozen O'Connor
- Dechert
- Dentons
- Bryan Cave Leighton Paisner
- DLA Piper
- Davis Polk & Wardwell
- Cravath, Swaine & Moore
- Gibson, Dunn & Crutcher
- Fried, Frank, Harris, Shriver & Jacobson
- Kirkland & Ellis
- Lewis Brisbois Bisgaard & Smith
- Morgan, Lewis & Bockius
- Nelson Mullins Riley & Scarborough
- Milbank LLP
- Paul, Weiss, Rifkind, Warton & Garrison
- Paul Hastings
- Polsinelli
- Pillsbury Winthrop Shaw Pittman
- Orrick, Herrington & Sutcliffe
- Quinn Emanuel Urquhart & Sullivan
- Sheppard, Mullin, Richter & Hampton
- Simpson Thacher & Bartlett
- Weil, Gotshal & Manges
- Wilson Sonsini Goodrich & Rosati
- Willkie Farr & Gallagher
- Duane Morris
- Drinker Biddle & Reath LLP
- Fragomen, Del Rey, Bernsen & Loewy, LLP
- Fox Rothschild
- Freshfields Bruckhaus Deringer
- Goodwin Procter
- Greenberg Traurig
- Herbert Smith Freehills LLP
- Holland & Knight LLP
- Hogan Lovells
- Arnold & Porter
- K&L Gates
- Jones Day
- Katten Muchin Rosenman
- Latham & Watkins
- Linklaters
- Littler Mendelson
- McCarthy Tetrault
- Mayer Brown
- McDermott Will & Emery
- McGuireWoods
- Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
- Norton Rose Fulbright
- Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
- Perkins Coie
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