Latham & Watkins generated $7 billion in revenue in 2024, boosting its top line by 23% during a banner year for the world’s second-largest law firm.
The firm’s average equity partner earned more than $7.1 million, a rise of 29% from the prior year, the firm confirmed in a statement.
Latham’s growth stands out even among a strong year for Big Law firms, which on average grew revenue by 13%, according to data from Wells Fargo’s law firm banking group.
Total profits paid to equity partners, known as net income, rose on average by 17% across the industry, Wells Fargo ...
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