Law.com International lately released its most recent version of the Global 200, a position of the world’s 200 biggest law practice by overall profits. How did these firms perform in the year that was? As we gained from one of the most current Am Law 100 positions, what increases should boil down, as well as 2022 wasn’t as much of a banner year for Biglaw firms as the one prior, with profits up by simply 1.2% while while headcount expanded by approximately 6.1%.
What are we checking out in regards to the large image?
For some advice, we simply require to look to the heading tale on Law.com International worrying the positions: “The Year the Global 200 Law Firms Returned to Earth With a Bump.” Yikes. In reality, one Biglaw leader stated of the year-over-year adjustment, “I don’t think there’s ever been a period that has been so hot, and then cooled down so quickly.”
But it’s not all dismaying information when it concerns the most affluent firms on the planet. Once once more, mostly all of the firms at the tippy top of the position have most of their attorneys in the U.S. These are the leading 10 firms of the 2023 Global 200 (placed by 2022 profits):
- Kirkland & Ellis: $6,514,300,000
- Latham & Watkins: $5,321,007,000
- DLA Piper: $3,685,205,000
- Baker McKenzie: $3,300,189,000
- Dentons: $3,100,000,000
- Skadden Arps: $3,020,869,000
- Sidley Austin: $2,922,634,000
- White & Case: $2,828,000,000
- Morgan Lewis: $2,745,251,000
- Gibson Dunn: $2,736,637,000
Check out the complete listing of the Global 200 firms right here.
Congratulations to all the firms that made it with 2022 — a year of sluggish development to ensure, however development nevertheless for the most significant of the world’s Biglaw firms.
The Year the Global 200 Law Firms Returned to Earth With a Bump [Law.com International]
The 2023 Global 200 Ranked by Revenue [Law.com International]
Staci Zaretsky is an elderly editor at Above the Law, where she’s functioned because 2011. She’d like to learn through you, so please do not hesitate to email her with any type of suggestions, inquiries, remarks, or reviews. You can follow her on Twitter as well as Threads or get in touch with her on ConnectedIn.