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A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise clients about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other matters in which legal advice and other assistance are sought.
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Clifford Chance LLP is a British multinational law firm headquartered in London, England, and a member of the "Magic Circle", a group of leading London-based multinational law firms.
Akin Gump Strauss Hauer & Feld LLP is an American multinational law firm headquartered in Washington, D.C.. It is the second-largest lobbying firm in the United States by revenue.
Proskauer Rose LLP is an international law firm headquartered in New York City. Proskauer was founded in 1875 and currently employs more than 800 attorneys in eleven offices worldwide.
Debevoise & Plimpton LLP is an international law firm headquartered in New York City. Founded in 1931 by Eli Whitney Debevoise and William Stevenson, the firm was originally named “Debevoise, Plimpton & McLean”. Debevoise specializes in private equity, financial services transactions, private funds, and international arbitration. In 2021, the firm assisted the Democratic Party in the second impeachment trial of Donald Trump.
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Numerous current and former law firms are considered notable. Law firms are typically ranked by profit per partner, or at a more general level, revenue. Some private directories also assign subjective rankings to law firms, including Chambers and Partners and The Legal 500, although these are falling out of favour.
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Herbert Smith Freehills (HSF) is an international law firm with headquarters in London, England and Sydney, Australia. HSF has been widely acknowledged as one of the world's most elite and selective law firms, and, as of 2021, was the 33rd largest by revenue. It was formed on 1 October 2012 by a merger between the United Kingdom-based Herbert Smith, then a member of the Silver Circle of leading UK law firms, and Freehills, one of the Big Six Australian law firms.
References
| Rank by PPEP | Firm | 2021/2022 PPEP | Equity partners |
|---|---|---|---|
| 1 | Kirkland & Ellis | $7,516,000 | 505 |
| 2 | Wachtell, Lipton, Rosen & Katz | $7,294,000 | 89 |
| 3 | Sullivan & Cromwell | $5,983,000 | 166 |
| 4 | Paul, Weiss, Rifkind, Wharton & Garrison | $5,725,000 | 175 |
| 5 | Davis Polk & Wardwell | $5,550,000 | 167 |
| 6 | Simpson Thacher & Bartlett | $5,319,000 | 199 |
| 7 | Quinn Emanuel Urquhart & Sullivan | $5,229,000 | 189 |
| 8 | Latham & Watkins | $5,154,000 | 554 |
| 9 | Skadden, Arps, Slate, Meagher & Flom | $5,013,000 | 324 |
| 10 | Gibson, Dunn & Crutcher | $4,925,000 | 345 |
| 11 | Paul Hastings | $4,891,000 | 163 |
| 12 | King & Spalding | $4,727,000 | 204 |
| 13 | Cravath, Swaine & Moore | $4,685,000 | 97 |
| 14 | Weil, Gotshal & Manges | $4,645,000 | 180 |
| 15 | Debevoise & Plimpton | $4,420,000 | 149 |
| 16 | Cadwalader, Wickersham & Taft | $4,382,000 | 60 |
| 17 | Cleary Gottlieb Steen & Hamilton | $4,325,000 | 169 |
| 18 | Milbank | $4,311,000 | 164 |
| 19 | Ropes & Gray | $4,238,000 | 282 |
| 20 | Sidley Austin | $4,165,000 | 285 |