The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Latham & Watkins has reported record results, becoming the first US firm ever to break the $2bn revenue barrier.
Latham & Watkins has reported record results for the 2007 financial year, becoming the first US firm ever to break the $2bn (£1bn) revenue barrier.
Latham posted a 23 per cent hike in revenue on 2006’s $1.62bn (£809m), taking turnover to slightly more than $2bn (£1bn).
Average profit per equity partner (PEP) at the firm also grew by a double digit margin, up 22 per cent from $1.85m (£925,000) in 2006 to $2.27m (£1.13m) last year.
Latham’s strong performance was reflected by its position in the global M&A deals tables for 2007. It was ranked number one by mergermarket for both US and global M&A by number of deals and number three for US M&A.
The firm also maintained strong European rankings by number of deals, securing top 10 spots for Europe as a whole last year.
The firm’s capital markets practice also had a standout year globally, advising the underwriters on ICICI Bank’s $5bn equity offering and another Indian company, Sterlite Industries on its New York Stock Exchange $2bn IPO.
Latham has so far reported the highest revenue of any US firm for 2007.