Everyone knows that Biglaw firms in America did well in 2024, however what about their Biglaw counterparts throughout the pond in the UK? How did they fare when it got here to their monetary metrics final 12 months? Fortunately, the most recent version of the UK Prime 50 is out, which measures gross income, income per lawyer, and income per fairness accomplice, identical to the Am Legislation 100.
Collectively, the UK Prime 50 did fairly effectively, and it’s value noting that U.S.-based corporations are slowly however certainly inching their method towards dominance throughout the pond. Actually, Kirkland & Ellis could be very near overtaking the top-ranked UK-based agency in relation to income. Listed here are extra particulars on the constructive outcomes from the UK, courtesy of Law.com International:
A rating of the biggest corporations working available in the market, no matter the place the agency is predicated, exhibits that whereas the vast majority of the positions within the prime 30 stay dominated by U.Okay.-based corporations, U.S.-led corporations are consolidating their foothold by way of regular year-on-year progress.
The London-headquartered corporations, traditionally often called the Magic Circle, which historically had a stranglehold on the U.Okay. authorized market, stay among the many largest gamers – Linklaters, A&O Shearman, reporting figures as legacy Allen & Overy, Clifford Likelihood, Freshfields and Slaughter and Could all function on the prime 10.
With out additional ado, listed here are the Prime 10 corporations within the UK by gross income:
- Linklaters: £954,800,000
- Kirkland & Ellis: £860,248,690
- Clifford Likelihood: £831,000,000
- Allen & Overy: £818,700,000
- Freshfields: £756,413,780
- Slaughter and Could: £666,737,937
- Latham & Watkins: £657,000,000
- CMS: £618,723,437
- DLA Piper: £573,772,936
- HSF Kramer: £572,000,000
Click on here to see the remainder of the UK Prime 30. The total Prime 50 will probably be revealed subsequent week. Congratulations!
The Largest 50 Law Firms by UK Revenue: US Firms Continue to Take Market Share [Law.com International]
Staci Zaretsky is a senior editor at Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to email her with any ideas, questions, feedback, or critiques. You may observe her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
