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Legal Business’ Global 100

Legal Business’ Global 100

It has been a rough few years for the supermen and women of the world’s largest law firms, notes Jaishree Kalia, author of Legal Business’ Global 100.

 

While the disputes and insolvency markets have soared since the 2008 crisis, the big name transactional lawyers who had driven their firms’ growth for the preceding two decades faced a prolonged period where their powers and status faded as confidence ebbed from Western markets.

 

“Not so in 2014,” Kalia states. She continues: “The over-riding theme of the Global 100 is renaissance: elite firms, particularly on Wall Street, have begun to recover lost ground in a reviving transactional market.”

 

The combined revenues of the world’s largest 100 law firms hit a new high this year. Gross turnover stood at $88.63 billion, up 4% on 2012/2013 and matching last year’s growth rate.

 

On average, it has been a year of steady growth in both revenues and profits, with total net income for the Global 100 growing 5% to $33.95 billion, with profit per equity partner (PEP) averaging at $1.5 million, up 7% on the previous year.

 

Gold News has recreated, in part, the listing for your perusing pleasure.

 

*Firm is structured as a Swiss Verein or EEIG

 

**Information not provided by firm

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