Law firms Latham becomes the first $5bn law firm club member as revenue soars 27% Charles Avery · 21 March 2022 · 3 min read Financial results Latham & Watkins Latham & Watkins has become the first law firm to break the $5bn revenue barrier as turnover spiked 26.7% to $5.489bn in the 2021/22 financial year.Profit per partner also saw a comparable 26% surge to $5.71m from $4.52 last year.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryLatham, A&O Shearman and WBD take honours at Legal 500 UK ESG AwardsLaw firmsKate Peacock1 May 2026World class: new research showcases the international elite in key practice areasLaw firmsNews Editor29 Apr 2026‘The hardest part is building critical mass’ – as Big Law flocks to Dallas, what do firms need to succeed?Law firmsAlex Ryan24 Apr 2026BCLP revenue bounces back as McDermott breaks $2bnLaw firmsTom Cox25 Feb 2025White & Case breaks $3bn revenue barrier while PEP jumps 27%BlogsElisha Juttla6 Feb 2025Freshfields US revenues rise 26% as firm breaks £2bn mark for first timeBlogsAnna Huntley4 Feb 2025Revolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesLaw firmsAnna Huntley9 Jan 2025‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryLaw firmsAnna Huntley7 Jan 2025Five partners vie to succeed Hoyland as Simmons managing partnerLaw firmsTom Cox7 Jan 2025