Latham becomes the first $5bn law firm club member as revenue soars 27% Charles Avery21 March 2022Financial results 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 category‘Puts our money where our mouth is’ – partners size up the key measures in Budget 2025The rise of CLOs: how the structured finance niche became one of the hottest lateral marketsRevolving Doors: Latham hires real estate partner as HSF Kramer loses partners in London and Middle EastBCLP revenue bounces back as McDermott breaks $2bnWhite & Case breaks $3bn revenue barrier while PEP jumps 27%Freshfields US revenues rise 26% as firm breaks £2bn mark for first timeRevolving doors: Simpson Thacher, Latham, Sidley lead New Year London moves‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryFive partners vie to succeed Hoyland as Simmons managing partner