"By the numbers, there is no other credible way to describe the overall performance of the 100 largest law firms by revenue: They crushed it."
"The collective Am Law 100 saw 13.3% year-over-year revenue growth in 2024, generating close to $160 billion in total."
"Virtually every major financial metric showed growth, including net income, which saw a collective 16% rise to more than $69 billion."
"Kirkland & Ellis hit $8.8 billion in revenue, almost jumping straight into $9 billion territory."
In 2024, the Biglaw industry experienced remarkable growth as highlighted by the American Lawyer's Am Law 100 report. The top 100 law firms generated close to $160 billion, marking a 13.3% increase in revenue year-over-year. Net income also rose significantly, achieving a collective 16% increase to over $69 billion. Key players included Kirkland & Ellis, which generated $8.8 billion in revenue, and Latham & Watkins at $7 billion. The report indicates a strong financial outlook for Biglaw as every major metric showed advancement.
Read at Above the Law
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