The total value of the world’s 50 largest litigation practices has just got bigger, exclusive research by The Lawyer has revealed in this year’s Global Litigation Top 50.
Last year the total stood at $24.357bn. This year’s list has grown by 7.4 per cent to $26.164bn, the highest level since The Lawyer began tracking global litigation revenue in 2008.
DLA Piper has retained its crown as the world’s largest litigation practice by fee income, taking the top spot in the ranking with a total litigation fee income of $1.128bn. Last year DLA Piper also took the top spot with a revenue of $1.09bn.
Much of the increase at DLA Piper and many of the other firms in this year’s report has been powered by regulatory investigations, and in particular the trend for globally co-ordinated and ultra-aggressive regulatory action. It is an area that has not only boomed in recent years but that has also seen a series of firms reshape the way they provide their litigation and investigations services to clients.
Today’s executive summary offers insights into this global trend. There is also an excerpt of the London focus and an edited version of just one firm’s (Skadden) response to this year’s report, which offers invaluable first-hand insights into how the firm is meeting client need for global investigations-related advice.
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