| | |
| No. of offices | 29, largest office in Manhattan |
|---|---|
| No. of attorneys | 3,500+ [1] |
| Major practice areas | General corporate, mergers & acquisitions, banking and finance, litigation, antitrust |
| Key people | Richard Trobman, Chair and Managing Partner |
| Revenue | |
| Profit per equity partner | |
| Date founded | February 8, 1934 |
| Founder | Dana Latham, Paul Watkins |
| Company type | Limited liability partnership |
| Website | lw |
Latham [a] & Watkins LLP is an American multinational white-shoe law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
The firm was founded in January 1934 in Los Angeles, California, by Dana Latham and Paul Watkins. Latham's practice focused on state and federal tax law, and he eventually served as Commissioner of the U.S. Internal Revenue Service under President Dwight Eisenhower. Watkins's practice focused primarily on labor. At first, the firm grew slowly, with only 19 attorneys employed as of 1960. [3]
In February 1978, the firm expanded into Washington, D.C., by adding Carla Anderson Hills as a named partner. Hills had left her role as U.S. Secretary of Housing and Urban Development in the Ford administration the prior year, and she oversaw the firm's expansion into administrative law. This branch was initially staffed with a mix of attorneys drawn from the Los Angeles office and new hires from the upper ranks of federal agencies. [4]
In the latter half of the twentieth century, Latham quickly expanded its national and international presence. The firm opened offices in San Diego (1980), Chicago (1982), New York City (1985), San Francisco (1990), London (1990), Moscow (1992), Hong Kong (1995), Tokyo (1995), Silicon Valley (1997), and Singapore (1997). [4]
In 2007, Latham became the first American law firm to attain more than $2 billion in yearly revenue. [5]
Amid the global recession in 2009, the firm laid off 190 lawyers and 250 paralegal and support staff, representing twelve percent of the firm's total associates and ten percent of the support staff. [6] At a time when many firms were conducting layoffs, the term "Lathamed" became legal slang for being laid off. [7]
In 2018, Latham was the first law firm to report more than $3 billion in gross revenue. [8] [9] It was briefly the highest-grossing law firm in the world, but has since lost the number one spot to Kirkland & Ellis. [10] [11]
In August 2023, Latham announced the decision to close its Shanghai office amid consolidation of its operations in China. [12] [13]
Amid clashes at some college campuses, following the onset of the 2023 Israel-Hamas war, Latham & Watkins was among a group of law firms who sent a letter to 14 American law school deans denouncing anti-Semitism, Islamophobia, and racism. [14]
During the targeting of law firms and lawyers under the second Trump administration, in April 2025, the firm agreed to a deal with Donald Trump, committing to provide $125 million of pro bono legal work on behalf of causes endorsed by Trump, in order to avoid punitive executive orders. [15] As a result of the settlement, companies, including Morgan Stanley and Microsoft, moved their legal work to other firms that had not settled with the administration. [16]
Latham has been consistently ranked as the second-largest law firm in the world by revenue among the Am Law 100, since 2021, and was the No. 1 firm in the Am Law 100 rankings for 2017. [17] In 2022, Latham was also one of the most profitable law firms in the world, with profits per partner exceeding US$7.1 million. [18]
In 2024, the firm received its tenth consecutive ranking from Chambers and Partners, which is the highest number of consecutive practice and lawyer rankings. [19] [20] Latham ranked #4 among the Vault Law 100 in 2024. [21]
In March 2025, Latham & Watkins was named 2024 Americas Law Firm of the Year. [22]