West Coast firms are outperforming many of their East Coast or national rivals in the City, The Lawyer’s new ranking of the Top 30 International Firms in London has found.
Indeed, it is the start of a new era for some in this group. Paul Hastings returns to the Top 30 after a five-year hiatus after its UK revenue grew by 24 per cent in 2013, from $34m to $42m, while another West Coast firm, San Francisco’s Morrison & Foerster, returns to the Top 30 with UK revenue at a five-year high of $39.1m.
Los Angeles-headquartered Gibson Dunn & Crutcher, number 22 on the list when ranked by UK revenue, has the third-highest revenue per lawyer figure in the table, at $1.3m.
And heading this year’s list is Latham & Watkins, where UK revenue has hit an all-time high of $210.6m, a figure that puts Latham’s London office ahead of some of the UK’s largest firms by revenue.
Indeed, if Latham’s London office were mapped onto The Lawyer UK 200 Annual Report it would beat most of the top 100 by revenue in 2013, making it to number 24 on the list. Latham’s London office is larger in revenue terms than Wragges (£120.5m), Macfarlanes (£114.6m) and Osborne Clarke (£112.8m).
Latham, you’ve come a long way, baby.
Also on TheLawyer.com:
- Quinn Emanuel drops out of The Lawyer’s international top 30 ranking
- Linklaters and Simpson Thacher lead on £480m acquisition of House of Fraser
- A&O, Latham and Walkers advise on Saudi Electricity Company’s $2.5bn international sukuk
- Dentons ties up with South African associate firm to launch in Cape Town
- A&O, Ropes and Latham advise on Altice’s €17bn acquisition of SFR