The legal industry is a significant provider of services. Expertise in the law is necessary for a number of different fields, including business, finance, taxation, litigation, corporate affairs, conflicts, patents, copyrights, antitrust, property, labour, and arbitration, as well as administration, politics, and social problems. Although there are other factors that may be considered when ranking law firms, such as revenue per partner or lawyer, the number of lawyers, or year-over-year percentage increase, yearly revenue continues to be the most reliable, consistent, and straightforward criterion.
Kirkland & Ellis LLP
Kirkland & Ellis LLP caters to a specific subset of business customers throughout a wide range of practice areas, including corporate, taxation, litigation, intellectual property, and restructuring. The legal firm situated in the United States had roughly 2,000 lawyers working for it in the year 2020, and its sales reached $4.83 billion, placing it at the top of the list. Boeing, Delta Airlines, General Motors, and Dow Chemical are just a few of the prominent companies that have worked with this company in the past.
Latham & Watkins, LLP
Latham & Watkins comes in at number two in terms of yearly revenues, with an estimated $4.33 billion. The company’s headquarters are located in Los Angeles, and it has offices in 14 other countries. Additionally, it employs more than 3,000 attorneys. The law company offers a diverse selection of services, including those in the fields of activism, entertainment and media, real estate, and white-collar defence.
DLA Piper, now one of the largest legal companies in the world, was formed in 2005 as the result of a mega-merger involving various other multinational law firms. The firm has lawyers located in more than 40 countries. This company landed in third place with yearly revenues of $3.13 billion, and its headquarters are located in both London and Chicago. It has almost 4,000 attorneys working across all of its locations, and its practice areas include fields like education, government contracting, insurance, and technology, amongst others.
Dentons is the result of a number of mergers that took place over the course of the preceding half decade, the most recent of which is a double merger in the year 2020 involving Cohen & Grigsby and Bingham Greenebaum Doll. The company is comprised of over 11,000 legal professionals located in more than 80 countries. With an annual revenue of $2.9 billion, Dentons achieved the position of number four on the list.
Baker McKenzie is a global law firm that was established in 1949 and has offices in Chicago and 46 other countries. The firm has more than 13,000 employees. It was ranked fifth on the list because of its reported revenues of $2.9 billion, which put it in fifth place overall.