Latham breaks $2bn with record results

Latham & Watkins has reported record results for the 2007 financial year, becoming the first US firm ever to break the $2bn revenue barrier. Latham posted a 23 per cent hike in revenue on 2006’s $1.62bn, taking turnover to slightly more than $2bn. Average profit per equity partner (PEP) at the firm also grew by a double digit margin, up 22 per cent from $1.85m in 2006 to $2.27m last year.