Latham Watkins
Latham is the second largest firm on earth with 3,000 lawyers and $6 billion in revenue. It competes everywhere, across every practice, in every major market. Most firms that try to do everything end up mediocre. Latham is the exception.
Over 400,000 lawyers work at large American firms. Latham and Watkins employs around 3,000 and generates over 6 billion in revenue. The second largest firm on the planet. Unlike Kirkland's private equity focus, Latham's strategy is breadth. It competes seriously in almost every practice area across every major market. Founded in 1934 in Los Angeles, the firm expanded through lateral hiring, pulling top partners with guaranteed packages, sometimes exceeding 10 million annually. Each hire brought a book of business. Revenue doubled between 2018 and 2024. The culture prizes collaboration over individual credit.
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