5 days ago · The ‘Profits-per-Partner’ List Ben Thomson – Since publishing our ‘Biggest Law Firm List’, we have been asked to publish the ‘profits per partner’ as a measure of law firm’s ‘bigness’. So maybe about an 8:1 ratio of highest paid to lowest paid equity partners. To contact the appropriate people or departments at Wachtell, Lipton, Rosen & Katz, please call 212. Kirkland advised on more M&A deals (by deal value and volume) than any other firm in 2023. 03 million Quinn Emanuel Urquhart & Sullivan, $8. 4 percent), so these metrics—especially PPEP—outpaced inflation. 51 million, Wachtell, Lipton, Rosen & Katz with $7. Aug 2, 2023 · Australian law firms are expected to follow an international trend of increased wages for staff and flat profits resulting in little or no growth in profits per equity partner. Apr 29, 2022 · Profits Per Equity Partner And finally, everyone’s favorite ranking: the top 10 firms by profits per equity partner. 04 million) and Quinn Emanuel Urquhart & Sullivan ($8. These are estimates and equity partners can make vastly different salaries inside the same firm. [2] For more up-to-date information on the US firms in this list, please refer to Largest US Law Firms Ranked by Profits Per Equity Partner. 25 million Wachtell, Lipton, Rosen & Katz, $9. Oct 14, 2022 · The American Lawyer reported that Morgan Lewis in 2021 had gross revenue of $2. The firm has remained loyal to a distinctive strategy ever since its founding in 1965. Jun 6, 2025 · Wachtell Lipton might have gotten knocked out of the top spot in profits per equity partner, but it remained the #1 firm in revenue per lawyer—by a large margin. 403. 51 million in profits per equity partner) • Wachtell, Lipton, Rosen & Katz ($7. Apr 16, 2024 · The 2024 Am Law 100: Ranked by Profits Per Equity Partner For the Am Law 100 as a whole, average PEP was up by 9. Whereas most law firms have multiple offices, seek long-term retainer relationships with clients ¾ the top in the nation ¾ although its ratio of associates per partner was only 1. 25 million, followed closely by Wachtell, Lipton, Rosen & Katz ($9. 5 million in profits per equity partner Greedy for top ranking maybe, but Kirkland & Ellis achieve the top gross revenue take law firm in the AmLaw 100 rankings for 2021 with a $4. 5 days ago · But the top earning partners were at Wachtell Lipton at $7. 5 million in 2023, the highest they have reached. Wachtell Lipton is dedicated to providing advice and expertise at the highest levels and achieving extraordinary results for our clients. Apr 26, 2022 · Revenue per lawyer was up 12. 8% increase in total gross revenue, reaching $139. 5 percent (the top firm by that metric, by a healthy margin, is Wachtell) and profits per equity partner were up 19. Mar 25, 2019 · The Manhattan firm has average profits per equity partner well over $5 million and a long track record of advising on prestigious deals, but it faces the same pressures as many independent firms . We litigated the Revlon, Household, and other cases in the 1980s that set the doctrinal framework for all subsequent deal litigation. But the average rate of inflation in 2023 was 4. May 5, 2023 · Wachtell Lipton has been dethroned—and you can probably guess the new #1 firm in profits per equity partner. Sep 23, 2025 · The world’s largest law firms delivered another record-breaking year for partner profits in FY 2024, with the Global 100 by revenue revealing sharp gains across the board. Lateral applicant? Jul 8, 2025 · What about revenue per lawyer (RPL) and profits per equity partner (PPEP)? The American Lawyer combines Am Law 100 and Second Hundred firms for its RPL and PPEP rankings, and in these consolidated rankings, only four firms from the Second Hundred made the overall top 20 for revenue per lawyer this year: Boies Schiller Flexner: $2. Apr 15, 2025 · Profits Per Equity Partner The dogfight between Kirkland and Wachtell in PPP continues, with Kirkland getting the top spot this year. 5 million in PEP in 2022, up 1. 12 million that year, which is the highest since the recruiter started its survey in 2010. [10] Apr 19, 2023 · Kirkland & Ellis dethroned Wachtell Lipton, the longtime Am Law 100 leader for average profits per equity partner, posting $7. Along with John A. Wachtell Lipton is known for trendsetting takeover, transactional, and corporate governance litigation. Kirkland & Ellis once again led the market with average profits per equity partner of more than $9. 8 million – No. • Davis Polk & Wardwell, with $6. 21 million, up by 4. Apr 15, 2025 · Am Law 100 firms saw record revenue growth in 2025, with Kirkland, Paul Weiss, and Wachtell dominating key metrics across revenue, profit, and compensation. 98 million. 3 million in profits per equity partner, second only to Kirkland & Ellis at $7.

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