This is a list of American law firms by profits per equity partner (PPEP, sometimes reported as profits per partner or PPP) in 2022. [1]
Rank by PPEP | Firm | 2021/2022 PPEP | Equity partners |
---|---|---|---|
1 | Wachtell, Lipton, Rosen & Katz | $8,400,000 | 91 |
2 | Kirkland & Ellis | $7,388,000 | 490 |
3 | Davis Polk & Wardwell | $7,010,000 | 161 |
4 | Sullivan & Cromwell | $6,366,000 | 165 |
5 | Paul, Weiss, Rifkind, Wharton & Garrison | $6,162,000 | 168 |
6 | Simpson Thacher & Bartlett | $5,980,000 | 203 |
7 | Cravath, Swaine & Moore | $5,803,000 | 97 |
8 | Quinn Emanuel Urquhart & Sullivan | $5,746,000 | 173 |
9 | Latham & Watkins | $5,705,000 | 550 |
10 | Cahill Gordon & Reindel | $5,533,000 | 65 |
11 | Weil, Gotshal & Manges | $5,181,000 | 182 |
12 | Skadden, Arps, Slate, Meagher & Flom | $5,088,000 | 321 |
13 | Milbank | $5,033,000 | 163 |
14 | Debevoise & Plimpton | $5,011,000 | 143 |
15 | Paul Hastings | $4,703,000 | 177 |
16 | Cleary Gottlieb Steen & Hamilton | $4,700,000 | 165 |
17 | Gibson, Dunn & Crutcher | $4,400,000 | 351 |
18 | Cadwalader, Wickersham & Taft | $4,382,000 | 60 |
19 | King & Spalding | $4,374,000 | 205 |
20 | Ropes & Gray | $4,333,000 | 268 |
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.
White & Case LLP is a global law firm based in New York City. Founded in 1901, the firm has 46 offices in 31 countries worldwide and has been ranked among the top ten firms worldwide by revenue.
Akin Gump Strauss Hauer & Feld LLP is an American multinational law firm headquartered in Washington, DC. It is the second-largest lobbying firm in the United States by revenue. Akin Gump has consistently been ranked as among the top law firms in the United States by The American Lawyer. The firm is known for its influence on Capitol Hill and its representation of high-profile clients. With regard to compensation, Akin Gump is ranked by associates as one of the top 10 highest-paying law firms in the country.
Sidley Austin LLP is an American multinational law firm with approximately 2,000 lawyers in 20 offices worldwide. It is one of the largest law firms in the world by revenue. It was established in 1866 and its headquarters is at One South Dearborn in Chicago's Loop. The firm specializes in a variety of areas in both litigation/arbitration and corporate practices. It is widely considered to be one of the most recognizable and prestigious law firms in the United States. Among its notable alumni are Former President Barack Obama and Former First Lady Michelle Obama.
Ashurst is a multinational law firm headquartered in London. It has 27 offices in 15 countries apart from the United Kingdom, across Asia, Australia, Europe, the Middle East and North America, and employs around 1,600 legal advisers. Ashurst is 63rd in the list of 100 largest law firms in the world by revenue, and 7th in the list of largest UK law firms by revenue.
The American Lawyer is a monthly legal magazine and website published by ALM Media. The periodical and its parent company, ALM, were founded in 1979 by Steven Brill.
Fried, Frank, Harris, Shriver & Jacobson LLP, is an international law firm headquartered in New York City. The firm also has offices in Washington, D.C., London, Frankfurt, and Brussels, and has more than 500 attorneys worldwide. The firm is regarded as a modern white-shoe law firm and leads on many complex financial and litigious matters.
Paul Hastings LLP is a global law firm that represents a client base in finance, M&A, private equity, and litigation.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, Latham is the second-largest law firm in the world by revenue. As of 2022, Latham is also one of the most profitable law firms in the world, with profits per partner exceeding US$5.7 million.
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.
Dickson Minto is a Scottish law firm.
Venable LLP is an American law firm headquartered in Washington, D.C. It is the largest law firm in the state of Maryland. Founded in 1900 by Richard Venable in Baltimore, today Venable has 12 offices across the United States and 800 attorneys who specialize in regulatory, litigation, corporate, and investigations matters.