The Global 100: A Good Time to Be an Equity Partner
The Global Lawyer: The biggest firms performed better than ever this year. But with major deals being abandoned, leaders are adopting caution.
September 26, 2022 at 12:01 AM
4 minute read
Credit: Sophon Kethom
It's a Good Time to be an Equity Partner
$147 billion is a big old number. It's the combined income of the world's biggest 100 law firms, the Global 100, whose aggregate revenue grew nearly 15.3% in 2021. In short, the world's biggest 100 have never been bigger.
Topping out the rankings by revenue, Kirkland & Ellis remains the only $6 billion law firm in the world, leading Latham & Watkins which drew nearly $5.5 billion in 2021.
But bigger is not always better. Perhaps a more significant number in the minds of senior lawyers is $2.2 million. That's the average profit per equity partner across the top 100—and it swelled 17% in the last financial year. As our intelligence man James Willer put it modestly in our new Global 200 webinar last week, it's been "another very good year to be an equity partner at the world's largest law firms".
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