Gross revenue jumped 5% for top US law firms last year; which company exceeded $ 4 billion?
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The gross revenues of the 100 top-grossing law firms in the country jumped 5% last year, with 86 of the firms reporting gains.
Average gross income was over $ 104 billion, according to a chart from the US lawyer. The range ranged from over $ 4 billion to over $ 380 million, according to another chart.
Kirkland & Ellis was No.1 in gross revenue, for the first time surpassing $ 4 billion in revenue last year, the US lawyer previously reported. Eleven companies posted gross sales of over $ 2 billion. They are:
• Kirkland & Ellis ($ 4,154,600,000)
• Latham & Watkins ($ 3,767,623,000)
• DLA Piper ($ 3,112,130,000)
• Baker McKenzie ($ 2,920,000,000)
• Skadden, Arps, Slate, Meagher & Flom ($ 2,632,615,000)
• Sidley Austin ($ 2,337,803,000)
• Morgan, Lewis and Bockius ($ 2,265,000,000)
• Hogan Lovells ($ 2,246,050,000)
• White and case ($ 2,184,850,000)
• Jones Day ($ 2,077,000,000)
• Gibson Dunn ($ 2,008,334,000)
The largest gain in gross income (16.3%) was recorded by Lewis Brisbois, who has 1,528 lawyers and is No. 65 on the Am Law 100 list. The largest decrease (5.9%) was registered by Kramer Levin, which has 330 lawyers and is ranked No. 95.
Average earnings per lawyer increased 3% to $ 1,001,289, while average earnings per partner increased 5% to $ 1,967,895.
The firm with the highest turnover per lawyer was Wachtell, Lipton, Rosen & Katz, with turnover of $ 3,329,000 per lawyer. The lowest firm was Lewis Brisbois, with turnover of $ 420,000 per lawyer.
Wachtell was also the company with the highest profits per partner, at $ 6,330,000. The company with the lowest was Littler Mendelson, with $ 500,000 in profit per partner.