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 ridden the downturn to post revenue figures for 2001 up 19 per cent on the previous year
Profits also surged by 17 per cent to approximately $405m (£282m), with average profits per partner topping $1m (£696,555). The US firm billed $762.6m (£531m) in its last financial year, boosting the $642.5m (£448m) total for 2000 by more than $100m (£70m). It now has 410 partners worldwide compared with 350 at the start of 2001. Joe Blum, managing partner of Latham's London office, said: "We've had a terrific year. It's our best performance ever. Whatever was out there, we got." He put the firm's success in difficult market conditions down to diversification, particularly in the US. "We had a broad-based litigation practice that was red hot last year," Blum added. Latham also accrued an extra 300 lawyers, partly through European mergers.