Kirkland & Ellis has hiked revenues by more than $500m to overtake Latham & Watkins as the world’s highest-earning law firm, as revenues surged to $3.165bn.
The Chicago-bred giant today (22 March) announced its results for the 2017 financial year, confirmed a 19% hike in revenues against $2.65bn the previous year. Profit per equity partner (PEP) surged nearly 15%, to $4.7m from last year’s $4.1m, making it one of the world’s most profitable law firms. Headcount rose 13.5% to 1,997 lawyers, while revenues per lawyer increased 5.2% to $1.585m.
