Law.com International recently published its latest edition of the Global 200, a ranking of the world’s 200 largest law firms by total revenue. How did these firms do in the year that was? As we learned from the most recent Am Law 100 rankings, Biglaw firms are sailing even higher, and their revenues are up — and in some cases, way up. Compared to the year prior, the Global 200 saw a combined revenue increase of 11.8%, with profits per equity partner at the top 100 firms up by 17.9%.
What are we looking at in terms of the big picture?
For some guidance, we need only turn to the headline story on Law.com International concerning the rankings: “The 2025 Global 200: Giants Land on Top as Revenue and Profits Leap.” The Global 200’s success is being driven by the firms at the tippy top of the ranking. In fact, one Biglaw leader said of the overall success focused in the upper echelon of the ranking, “There’s increasing segmentation between the elite tier of law firms and the next tier. … [W]e’re seeing star talent and top clients increasingly concentrated in a relatively small number of elite global firms.”
Speaking of the “elite global firms,” that’s exactly what we’re talking about when it comes to the wealthiest firms in the world. Once again, almost all of the firms at the tippy top of the ranking have the majority of their lawyers in the U.S. These are the top 10 firms of the 2025 Global 200 (ranked by 2024 revenue):
- Kirkland & Ellis: $8,801,740,000
- Latham & Watkins: $7,000,000,000
- DLA Piper: $4,239,832,000
- A&O Shearman: $3,706,490,000
- Skadden Arps: $3,669,042,000
- Gibson Dunn: $3,557,623,000
- Sidley Austin: $3,439,646,000
- Ropes & Gray: $3,416,636,000
- Baker McKenzie: $3,394,579,000
- White & Case: $3,316,735,000
Check out the full list of the Global 200 firms here.
Congrats to all the firms that successfully made it through 2024 — things are certainly looking up for the biggest of Biglaw firms across the globe.
The 2025 Global 200: Rankings by Revenue [Law.com International]
The 2025 Global 200: Giants Land on Top as Revenue and Profits Leap [Law.com International]
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.