Latham & Watkins is the latest US firm to boost its revenue, announcing 7% growth and breaking the $3m mark for profit per equity partner (PEP) for the first time.
After seeing its slowest growth since the height of the financial crisis in 2015, when revenues grew just 2% to $2.65bn, Latham is back on a faster upward trajectory. Overall revenue last year rose to $2.8bn as the firm added $173m to its top line, while revenue per lawyer also rose by 2% from $1.21m to $1.23m as 103 lawyers joined the firm throughout 2016.
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