PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: ALM Media Properties, LLC

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ALM’s The American Lawyer Releases 2015 Global 100 - List reveals Big Law has settled into a pattern of slow, steady growth following financial crisis - ALM.com
ALM’s The American Lawyer Releases 2015 Global 100

 

NewswireToday - /newswire/ - New York, NY, United States, 2015/09/28 - List reveals Big Law has settled into a pattern of slow, steady growth following financial crisis - ALM.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

ALM’s The American Lawyer has released its 2015 Global 100, revealing a new number one in Latham & Watkins and an overall trend of slow, steady growth in Global 100 revenue after the tumult of the financial crisis. The study, which ranks the world’s 100 highest-grossing law firms, is available in the October edition of The American Lawyer and online at americanlawyer.com.

“This year’s list shows stabilization among the Global 100 after the turbulence of the recession,” said Kim Kleman, editor-in-chief of The American Lawyer. “It’s been a smooth ride this year, with topline growth remaining around 4 percent, comparable to growth rates for the past five years.”

For the first time, Latham & Watkins is the world’s largest law firm by revenue, overtaking perennial Global 100 leaders Baker & McKenzie and DLA Piper after its gross revenue surged 14 percent, to $2.6 billion. Latham was among eighty-four of the top 100 firms that increased their revenue last year, according to The American Lawyer, which compiled the data with the help of the ALM Legal Intelligence team.

“ALM’s Legal Intelligence team is proud to contribute to this important work it’s an opportunity to demonstrate the geographic scope of our data and survey resources,” said Erick Burchfield, managing director of research at ALM. “As globalization of the legal profession continues, we believe the breadth of our international research will become increasingly important.”

Growth, however, was not the result of firms adding more lawyers. In fact the total number of attorneys employed by Global 100 firms saw a rare decrease last year, dipping 0.8 percent to just below 112,000. It was the first drop in overall group head count since 2010 and only the fourth since The American Lawyer began compiling global financials in 1998. Rather, a combination of a slight reduction in lawyer numbers and rising revenues led to an impressive 5.1 percent growth in revenue per lawyer (RPL) across the Global 100 to $830,000, the highest-ever Global 100 RPL and the highest annual growth rate since the recession. Meanwhile, total profits increased 6.9 percent, to $35.6 billion, another record.

About ALM

ALM (alm.com) is a global leader in specialized industry news and information. Trusted reporting delivered through innovative technology is the hallmark of ALM’s award-winning media properties. Headquartered in New York City with 18 offices worldwide, ALM brands have been serving their markets since 1843. ALM was named among Folio: Magazine’s Top Places to Work in Media in 2014.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: ALM Media Properties, LLC

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


ALM’s The American Lawyer Releases 2015 Global 100

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

ALM | 2015 Global 100
Publisher Contact: Angel Fahy - LAK Public Relations for ALM 
212-899-4755 afahy[.]lakpr.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ALM Media Properties, LLC securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From ALM Media Properties, LLC / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Societe Generale Group has Agreed to Sell the Entire Stake of Boursorama in Onvista AG to Comdirect Bank AG
Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)