This list ranks 20 of the largest law firms in the world by gross revenue for their most recent fiscal year, using the 2026 Am Law 100 published by The American Lawyer in April 2026 for US firms and the results published by UK and international firms for the year to 30 April 2026.
Kirkland & Ellis is the largest, with 2025 revenue of US$10.556bn, followed by Latham & Watkins with US$8.300bn; no other firm exceeded US$5bn. The Am Law 100 firms together reported revenue of US$178.95bn for 2025, up 13.0% on the previous year. The largest firms reporting on the UK fiscal year to 30 April are A&O Shearman, Clifford Chance and Linklaters, each with revenue of between about US$3.3bn and US$3.7bn.
Contents
- How law firm size is measured
- Methodology
- The list
- Comparison table
- Mergers and disclosure
- Profitability
- Frequently asked questions
- See also
At a glance
-
Kirkland & Ellis
— Private equity, M&A and restructuring
-
Latham & Watkins
— Corporate, finance and litigation
-
DP DLA Piper
— Full-service global practice
-
Gibson Dunn & Crutcher
— Litigation and transactional work
-
SA Skadden, Arps, Slate, Meagher & Flom
— M&A and litigation
-
SA Sidley Austin
— Corporate, regulatory and litigation
-
RG Ropes & Gray
— Private equity and asset management
-
A&O Shearman
— Banking, finance and capital markets
-
Baker McKenzie
— Cross-border work in many jurisdictions
-
White & Case
— International arbitration, finance and M&A
-
Simpson Thacher & Bartlett
— Private equity and M&A
-
CC Clifford Chance
— Finance and capital markets
-
ML Morgan, Lewis & Bockius
— Labour, regulatory and corporate work
-
Linklaters
— Corporate, finance and disputes
-
PW Paul, Weiss, Rifkind, Wharton & Garrison
— Litigation and private-equity M&A
-
Hogan Lovells Cadwalader
— Regulated industries
-
McDermott Will & Schulte
— Health care, private equity and tax
-
Norton Rose Fulbright
— Energy, infrastructure and financial institutions
-
Quinn Emanuel Urquhart & Sullivan
— Commercial litigation and arbitration
-
Herbert Smith Freehills Kramer
— Disputes, energy and corporate work
How law firm size is measured
Law firms are usually compared by gross revenue, revenue per lawyer, profits per equity partner and lawyer headcount. The American Lawyer's Am Law 100 ranks US-based firms on calendar-year figures; Law.com's Global 200, published on 15 September 2026, ranks firms worldwide by revenue and headcount and converts non-US revenue into US dollars. Clifford Chance and Linklaters close their books on 30 April and published results in July 2026, so their latest figures cover a period four months later than the US calendar year.
Methodology
The full Global 200 and Am Law 100 tables are available only to subscribers. This list therefore uses revenue figures that could be verified from freely accessible sources: the Am Law 100 top ten as reported by Above the Law, firm press releases and reports in the legal press. Firms are ordered by revenue in US dollars; where a firm reports in sterling, the dollar figure given by the firm or by the publication cited is used and no conversion has been made here.
Several figures are published only in rounded form (for example about US$3.7bn for A&O Shearman and about US$3.3bn for Linklaters and Paul Weiss), so the order of firms with similar revenue is indicative. Firms whose latest annual revenue could not be confirmed from an accessible source, including Davis Polk & Wardwell, Jones Day, Greenberg Traurig, Dentons and Freshfields, are omitted rather than estimated.
The list
1
US firm with the highest revenue of any law firm
Best for: Private equity, M&A and restructuring
Kirkland & Ellis is the largest law firm in the world by revenue. The 2026 Am Law 100, published by The American Lawyer on 14 April 2026, records gross revenue of US$10.556bn for 2025, an increase of 19.93%, from 4,145 lawyers. Its profits per equity partner of US$11.121m were the second-highest in the ranking after Wachtell, Lipton, Rosen & Katz. Kirkland has since announced that it will stop sharing its financial figures with The American Lawyer.
- Revenue
- US$10.556bn
- Revenue change
- +19.93%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
- Lawyers
- 4,145
- Profits per equity partner
- US$11.121m
2
Second-largest law firm by revenue
Best for: Corporate, finance and litigation
Latham & Watkins recorded gross revenue of US$8.300bn in 2025, up 18.57%, keeping second place in the Am Law 100. Its profits per equity partner were US$8.654m, the sixth-highest in the ranking. Kirkland's revenue exceeded Latham's by about US$2.3bn.
- Revenue
- US$8.300bn
- Revenue change
- +18.57%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
- Profits per equity partner
- US$8.654m
3
DP
Largest firm by revenue outside the two US leaders
Best for: Full-service global practice
DLA Piper ranked third in the 2026 Am Law 100 with gross revenue of US$4.583bn, up 8.10% on the previous year. It was one of the seven firms that kept their positions in the top ten. Its growth rate was below the Am Law 100 average of 13.0%, so the firm ranked fourth by revenue, Gibson Dunn, narrowed the gap.
- Revenue
- US$4.583bn
- Revenue change
- +8.10%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
4
US litigation and corporate firm
Best for: Litigation and transactional work
Gibson, Dunn & Crutcher rose one place to fourth in the 2026 Am Law 100, with gross revenue of US$4.211bn, up 18.37%. Its profits per equity partner of US$8.890m placed it fifth in the profitability ranking.
- Revenue
- US$4.211bn
- Revenue change
- +18.37%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
- Profits per equity partner
- US$8.890m
5
SA
New York corporate and litigation firm
Best for: M&A and litigation
Skadden, Arps, Slate, Meagher & Flom slipped one place to fifth in the 2026 Am Law 100, with gross revenue of US$4.073bn, up 11.00%. Its revenue per lawyer of US$2.319m was among the ten highest of the Am Law 100.
- Revenue
- US$4.073bn
- Revenue change
- +11.00%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
- Revenue per lawyer
- US$2.319m
6
SA
Best for: Corporate, regulatory and litigation
Sidley Austin ranked sixth in the 2026 Am Law 100 with gross revenue of US$3.738bn, up 8.68%. Its revenue exceeded that of Ropes & Gray, in seventh place, by about US$1m.
- Revenue
- US$3.738bn
- Revenue change
- +8.68%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
7
RG
US corporate and private-equity firm
Best for: Private equity and asset management
Ropes & Gray recorded gross revenue of US$3.737bn in 2025, up 9.39%, ranking seventh in the Am Law 100. Its revenue per lawyer of US$2.524m was the fifth-highest among the 100 firms.
- Revenue
- US$3.737bn
- Revenue change
- +9.39%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
- Revenue per lawyer
- US$2.524m
8
Transatlantic firm formed by the merger of Allen & Overy and Shearman & Sterling
Best for: Banking, finance and capital markets
A&O Shearman reported revenue of about US$3.7bn (£2.8bn) for its fiscal year to 30 April 2026, its second year after the merger of Allen & Overy and Shearman & Sterling, with revenue similar to the previous year. Pre-tax profit rose 14% to US$1.6bn and profit per equity partner was US$2.9m. The firm reports in a different fiscal year from US firms and gives a rounded figure, so its position relative to Ropes & Gray and Baker McKenzie is approximate.
- Revenue
- about US$3.7bn (£2.8bn)
- Revenue change
- Flat in US dollars
- Fiscal period
- Year to 30 April 2026
- Pre-tax profit
- US$1.6bn
- Profit per equity partner
- US$2.9m
9
International firm with offices in many jurisdictions
Best for: Cross-border work in many jurisdictions
Baker McKenzie ranked eighth in the 2026 Am Law 100 with gross revenue of US$3.640bn, up 7.24%. It was among the seven firms that held their top-ten positions from the previous year. Its growth was the slowest of the Am Law top ten.
- Revenue
- US$3.640bn
- Revenue change
- +7.24%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
10
US-based international firm
Best for: International arbitration, finance and M&A
White & Case recorded gross revenue of US$3.594bn in 2025, up 8.36%, ranking ninth in the Am Law 100. It was among the seven firms that kept their top-ten positions.
- Revenue
- US$3.594bn
- Revenue change
- +8.36%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
11
New York corporate and private-equity firm
Best for: Private equity and M&A
Simpson Thacher & Bartlett rose two places into the Am Law top ten, with gross revenue of US$3.553bn in 2025, up 22.66%, the fastest growth among the ten largest US firms. Its profits per equity partner of US$8.569m ranked eighth.
- Revenue
- US$3.553bn
- Revenue change
- +22.66%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
- Profits per equity partner
- US$8.569m
12
CC
Magic Circle firm reporting on a UK fiscal year
Best for: Finance and capital markets
Clifford Chance reported revenue of £2.6bn, about US$3.5bn, for the year to 30 April 2026, up 9% in constant currency, and partnership profit of £1.05bn, the first time it has exceeded £1bn. Profit per equity partner rose 9% to £2.3m. During the year it opened offices in Paris, Houston and London and added 25 lateral partners, 15 of them in the US.
- Revenue
- about US$3.5bn (£2.6bn)
- Revenue change
- +9% (constant currency)
- Fiscal period
- Year to 30 April 2026
- Partnership profit
- £1.05bn
- Profit per equity partner
- £2.3m
13
ML
Philadelphia-founded US firm
Best for: Labour, regulatory and corporate work
Morgan, Lewis & Bockius generated revenue of US$3.36bn in 2025, according to The American Lawyer figures cited by NonBillable. The firm was founded in Philadelphia in 1873 and has more than 2,200 lawyers and legal professionals in more than 30 offices. Its profit per equity partner is not disclosed.
- Revenue
- US$3.36bn
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
- Founded
- 1873
- Offices
- More than 30
14
Magic Circle firm reporting on a UK fiscal year
Best for: Corporate, finance and disputes
Linklaters reported revenue of £2.47bn for the year to 30 April 2026, up 6.8%, with pre-tax profit of £1.2bn and profit per equity partner of £2.48m. Bloomberg Law converted the revenue to about US$3.3bn.
- Revenue
- about US$3.3bn (£2.47bn)
- Revenue change
- +6.8%
- Fiscal period
- Year to 30 April 2026
- Pre-tax profit
- £1.2bn
- Profit per equity partner
- £2.48m
15
PW
New York litigation and M&A firm
Best for: Litigation and private-equity M&A
Paul, Weiss, Rifkind, Wharton & Garrison had revenue of about US$3.3bn in 2025, up 24%, and profit per equity partner of US$8.6m, seventh in The American Lawyer's ranking. The firm has told The American Lawyer that it will no longer provide its financial data, so the 2025 figures are expected to be the last it publishes.
- Revenue
- about US$3.3bn
- Revenue change
- +24%
- Fiscal period
- Calendar 2025 (Am Law 100 2026)
- Profits per equity partner
- US$8.631m
16
Firm now publishing as Hogan Lovells Cadwalader
Best for: Regulated industries
Hogan Lovells reported record gross revenue of US$3.285bn for 2025, up from US$2.965bn in 2024, with revenue per lawyer of US$1.210m and profit per equity partner of US$3.522m. The firm's website now carries the name Hogan Lovells Cadwalader (HLC); the revenue figure shown is the one Hogan Lovells published for its 2025 financial year.
- Revenue
- US$3.285bn (Hogan Lovells)
- Revenue change
- +10.8%
- Fiscal period
- Calendar 2025
- Profit per equity partner
- US$3.522m
- Revenue per lawyer
- US$1.210m
17
US firm formed in 2025 by McDermott Will & Emery and Schulte Roth & Zabel
Best for: Health care, private equity and tax
McDermott Will & Schulte was formed in 2025 by the merger of McDermott Will & Emery and Schulte Roth & Zabel. NonBillable records 2025 revenue of US$2.99bn and profit per equity partner of US$5.17m, citing The American Lawyer for the latter, and describes a firm of around 1,750 lawyers in more than 20 offices.
- Revenue
- US$2.99bn
- Fiscal period
- Calendar 2025
- Lawyers
- About 1,750
- Profit per equity partner
- US$5.17m
18
International firm with large US and non-US operations
Best for: Energy, infrastructure and financial institutions
Norton Rose Fulbright reported global revenue of US$2.8bn for 2025, growth of more than 16%, as it approached the US$3bn mark. Legal Business reported that its profit per equity partner reached about US$2m, a double-digit percentage increase.
- Revenue
- US$2.8bn
- Revenue change
- More than +16%
- Fiscal period
- Calendar 2025
19
Best for: Commercial litigation and arbitration
Quinn Emanuel Urquhart & Sullivan increased revenue by 12.6% to nearly US$2.8bn, its third consecutive year of double-digit growth. Its profits per equity partner of US$9.545m were the fourth-highest in the Am Law 100, and its revenue per lawyer of US$2.453m the seventh-highest.
- Revenue
- nearly US$2.8bn
- Revenue change
- +12.6%
- Fiscal period
- Calendar 2025
- Profits per equity partner
- US$9.545m
- Revenue per lawyer
- US$2.453m
20
Firm formed in 2025 by Herbert Smith Freehills and Kramer Levin
Best for: Disputes, energy and corporate work
Herbert Smith Freehills Kramer reported revenue of US$2.4bn (£1.8bn) for its first financial year after the merger, which went live in June 2025; the period includes 12 months of the legacy Herbert Smith Freehills business and 11 months of Kramer Levin. Profit was US$850.8m and profit per equity partner US$2.05m, and the firm has more than 2,700 lawyers.
- Revenue
- about US$2.4bn (£1.8bn)
- Revenue change
- n/a (first combined year)
- Fiscal period
- 1 May 2025 to 30 April 2026
- Lawyers
- More than 2,700
- Profit
- US$850.8m
Frequently asked questions
What is the largest law firm in the world?
Kirkland & Ellis is the largest law firm in the world by revenue. The 2026 Am Law 100 records gross revenue of US$10.556bn for 2025, up 19.93%, from 4,145 lawyers. Latham & Watkins is second with US$8.300bn, and DLA Piper third with US$4.583bn.
What is the largest law firm in the UK?
Among the Magic Circle firms that report on a UK fiscal year, A&O Shearman reported the highest revenue, about US$3.7bn (£2.8bn) for the year to 30 April 2026. Clifford Chance followed with £2.6bn and Linklaters with £2.47bn. For comparison, DLA Piper reported US$4.583bn for 2025 in the Am Law 100.
What is the largest law firm by number of lawyers?
Law.com's Global 200 ranks firms separately by revenue and by lawyer headcount, but its full table is available only to subscribers, so a complete headcount ranking is not freely available. Among the firms in this list, Kirkland & Ellis reports 4,145 lawyers, HSF Kramer more than 2,700 and McDermott Will & Schulte about 1,750.
Which law firm is the most profitable?
Wachtell, Lipton, Rosen & Katz had the highest profits per equity partner in the 2026 Am Law 100, at US$12.152m, followed by Kirkland & Ellis at US$11.121m and Davis Polk & Wardwell at US$9.800m. Wachtell also had the highest revenue per lawyer, US$5.085m, with only 272 lawyers.
What is the Am Law 100?
The Am Law 100 is The American Lawyer's annual ranking of the 100 highest-grossing US-based law firms, published each April using the previous calendar year's figures. The 2026 edition, covering 2025, recorded combined revenue of US$178.95bn, up 13.0%, and 128,868 lawyers across the 100 firms.
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