Propelled by double-digit increases in all major financial metrics, Latham & Watkins has emerged at the top of The Am Law 100′s gross revenue rankings, becoming only the fourth firm in the ranking’s 30-year history to do so.
Gross revenue surged more than 14 percent to $2.6 billion, while revenue per lawyer jumped 12 percent to nearly $1.25 million and profits per partner soared 16.5 percent to $2.9 million. The ascension coincided with Robert Dell’s final year as Latham’s global chair after 20 years as the firm’s leader. Latham was largely a Los Angeles-based regional player when Dell took over in 1994, but under his leadership, the firm expanded nationally, and then globally.
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