Business of Law

Latham's Gross Revenue Nears $2B Again, Up 6 Percent from 2009; PPP Nears $2M

Latham & Watkins income is on the upswing again.

The firm today announced that its gross revenue for 2010 was $1.929 billion, reports the Am Law Daily. That represents an increase of almost 6 percent from 2009 and puts Latham back where it was in 2008, more or less.

Meanwhile, profits per partner is up 4.5 percent to $1,993,348.

The firm still has a way to go to get back to its 2007 financial footing, however, when its revenue topped $2 billion, the legal publication notes.

Revenue per lawyer for 2010 rose 7 percent, and was just under $1 million, Legal Week reported.

“Coming into the year we viewed it as a still quite choppy economy,” says firm chairman Robert Dell. “We were pretty comforted to grow demand for our services by $100 million. That was at the higher end of our expectations.”

Additional coverage: (Feb. 2009): “Partner Profits at Latham Are Down 21%, but ‘Not Too Shabby,’ Chairman Says”

We welcome your comments, but please adhere to our comment policy and the ABA Code of Conduct.

Commenting is not available in this channel entry.