Latham & Watkins breaks $1 billion London revenue barrier
updated on 15 April 2026
Ellie Nicholl (she/her) is senior content and engagement coordinator at LawCareers.Net
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Global law firm Latham & Watkins has surpassed $1 billion in revenue for the first time in London, marking a “record-breaking” year for the firm, according to its chair and managing partner Rich Trobman. Global revenue rose by 18.6% to $8.3 billion, while profit-per-equity partner increased by 21% to reach $8.65 million.
The law firm, which has increased its headcount by 3.9% over the past year, also saw an increase in revenue per partner to $2.229 million. Its M&A practice boomed, topping the UK rankings for a second year running with a deal value of $86 billion. Key matters included Anglo American's $70 billion pending merger with Teck, which was the largest M&A deal of 2025.
Want to learn more about M&A? Read this Practice Area Profile for a firsthand look at the work, featuring insights from Baker McKenzie senior associate Indhu Birdy.
Trobman commented: “It was another record-setting year for us, with demand up across the board. Our London office continues to be a major driver of our growth, and our performance in the City reflects the strength of our market position and the success of the strategic investments we have made – and continue to make – in London.
"In an increasingly competitive market, clients need a firm that delivers at speed and scale while helping them see around corners – and only Latham can do both.”
Latham is the second US law firm to surpass the $1 billion mark in London, following rival Kirkland & Ellis International LLP, which posted strong results for 2025, including a global revenue increase of 20% to $10.56 billion.
