Law is a big service-based industry where some businesses make a huge amount of money. No matter what industry it is, taxation, finance, corporate affairs, copyrights, arbitration, conflicts, and political as well as social matters require law expertise. When it comes to ranking a law firm several criteria are to be considered like growth percentage year after year, revenue incurred per lawyer, etc.
Today, in our article we are discussing some of the largest and richest law firms located across the globe. They not only help businesses and other firms in their legal proceedings but also offer numerous employment opportunities among the masses. Without further ado, let us go over some of the best available options for you to decide better.
1. DLA Piper
One of the biggest law firms at a global level that is home to numerous lawyers from over 40 countries. The company came into existence after a mega-merger happened of several international law firms in 2005. The result of this merger was amazing. Its headquarters are based out of London and Chicago and stood at the third position in terms of the largest firms with annual revenue of about $3.13 billion. Catering to numerous practice areas like contracting, education, technology, etc, and employs more than 4,000 lawyers.
2. Clifford Chance
Another biggest law firm operating in the world is Clifford Chance which has the best lawyers from across the globe looking after services from varied industries. This firm was also founded as a result of a merger that took place in 1987. With its headquarters based in London, the branch offices are spread across the globe in 23 different countries. It employs some highly qualified lawyers and therefore guarantees the best of services. If you also wish to establish a successful law firm, you need to employ the right email marketing tactics. Check out the right Law firm email marketing strategies.
Home to almost 2,500 lawyers, the firm has been operating across several sectors. Some of the primary sectors through which the firm extends its services are banking, transport and logistics, healthcare, etc.
3. Skadden, Arps, Slate, Meagher, & Flom LLP
The firm has a long name but is popular only by the name of Skadden. It has been in operation since 1948 and is one of the largest law firms across the globe. With a considerable net worth, the firm is home to multiple professional lawyers from across the globe offering services in different domains. Its headquarters are located in New York and have almost 20 other offices across the globe.
It employs more than 1,500 lawyers from different parts of the world and extends its services to over 50 practice areas. The annual revenue of this law firm is reported to stand around $2.66 billion. Their areas of practice include services for government agencies, businesses, financial institutions, etc.
4. Kirkland and Ellis LLP
The Kirkland firm is one of the largest law firms that serve a niche set of corporate clients from different industries. Their areas of expertise include services across intellectual property, restricting fields, and litigations. The company employs almost 2,000 lawyers from over the globe and earns a whooping revenue every year with exemplary services.
The US-based firm earned a revenue of $4.83 million in 2020 which made it top the list of the largest law firms in the world that year. It has been catering to numerous high-profile clients like General Motors, Boeing, Dow Chemical, etc.
The Denton law firm was formed as a result of a flurry of mergers that happened over the last 7-8 years. The most recent merger that took place was a double merger in 2020 with Bingham Greenebaum Doll and Cohen & Grisby. The firm employs a huge number of people from all over the world which amounts to almost 11,000 lawyers with different areas of expertise. This enables it to cater to a huge number of services with expert advice.
With offices located in over 80 countries the firm earns a great revenue of $2.9 million and ranks at almost the fourth or the fifth position in the list of largest law firms.
6. Latham And Watkins LLP
Latham and Watkins are one of the richest and largest law firms with its headquarters based in Los Angeles and its other branch offices located in 14 different countries from over the world. With more than 3,000 employees on board, the firm extends its services across different domains and has different and unique legal needs covered for businesses operating in different industries. When it comes to annual revenue, the firms used to rank in the second position a couple of years back.
It still has a strong annual revenue of $4.33 billion. Their services are spread across a wide range of activism that includes media and entertainment, white-collar defense, media, real estate, etc.
7. Sidley Austin
Another great name in the law industry when it comes to some of the biggest firms in operation. Employing several great lawyers from over the world, the firm offers a great range of services to have specific needs covered. Sidley was founded in 1866 and is headquartered in Chicago. The firm reported a huge revenue in the year 2020 that amounted to $2.46 billion and has over 1,800 lawyers working from 20 different locations across the globe.
Its services are spread across different domains that range from regulatory, finance, tax law, government affairs, etc. It has been offering exemplary services for years now and is therefore one of the renowned names in the industry.
Law is that one domain that is required for every business operating in different sectors. When a business hires a lawyer or a law firm, it will require expertise at both local and global levels. The firms have numerous practice areas and offer services that range across a wide range of the spectrum. If you are looking for the best law firm for your business we have listed some of the highly successful names above. No doubt their services are expensive but they offer effective solutions that are in the best interest of a business.