Big Law, Bigger Profits

2007 was the best year yet for the nation's largest law firms. The top 50 U.S. firms generated a total of $46.6 billion in revenue in 2007, a 16 percent increase over the 2006 total of $40.3 billion, according to this week's issue of the Lawyer, a British trade paper. Three firms had more than $2 billion in annual revenue—a first for each of them. DLA Piper, the product of a 2005 merger among three firms—DLA of Britain and two U.S. firms—topped the list from the Lawyer, with $2.3 billion in revenue, followed by Skadden Arps Slate Meagher & Flom, with $2.002 billion and Latham & Watkins, with $2 billion.

Big Law, Bigger Profits Tue, Mar 25, 2008