Winston`s roots in the Midwest are reflected in his friendly top-down culture. Strong mentorship allows junior employees to quickly develop skills in high-profile business, and strong wellness and diversity programs complement the Winston experience. Winston & Strawn has grown into a global law firm with nearly 1,000 lawyers in the United States, Europe and Asia. Winston is particularly known for his work in mid-market private equity, intellectual property, labor and employment, renewable energy, sports law and white-collar workers. Global 200 gross revenues were $161.8 billion in fiscal 2020, up 5.9% from fiscal 2019. One hundred and thirty-seven of the firms have more lawyers in the United States than anywhere else, while 26 have the largest share of their lawyers in the United Kingdom. Fifty-one firms achieved sales of more than $1 billion, compared to 50 firms that reached $1 billion in revenue in fiscal 2019. The world`s 200 largest law firms collectively increased revenue by 14.7% in fiscal 2021, many of which stretched through several months to 2022. While U.S. companies accounted for the bulk of the Global 200, companies based in China, Australia and Europe were among the largest players. New York, NY – September 20, 2022 – Law.com International and The American Lawyer have released the 2022 Global 200 report, which provides an in-depth look at the world`s best-selling law firms. Global 200 gross revenues were $185.6 billion in fiscal 2021, up 14.7% from fiscal 2020.
A V20 law firm, Ropes & Gray, has a seat at the table of the most elite law firms. The firm is recognized for its private equity activities as well as its overall strength in the areas of legal practice. Training and mentoring are key to the company`s collaborative culture, which has no room for egos. With 11 offices in the United States, Europe and Asia, Ropes & Gray is an international company that prides itself on providing cutting-edge work. The firm consistently leads the legal industry, helping clients in complex and highly regulated industries such as wealth management, healthcare, life sciences, private equity and technology. Williams & Connolly, one of the most selective law firms, is an exceptional litigation expert known for handling complex, high-stakes issues. The company has an internal promotion culture that emphasizes organic mentoring. Employees enjoy considerable autonomy through the market-based allocation system and receive significant support for pro bono activities. Known for handling complex, high-stakes litigation, the firm has a thriving intellectual property practice ranging from pharmaceuticals to electronics, has filed oral arguments before the Supreme Court 17 times in the past five years, and acts as national coordinating counsel and litigator on major product liability cases. The firm also represents numerous law firms and accounting firms in professional liability and other litigation. In various professional services markets, the largest and most profitable companies often develop a reputation as a single elite entity.
In accounting, there are the big four: Deloitte, EY, KPMG and PwC. In management consulting, there are the big three: Bain & Company, Boston Consulting Group and McKinsey & Company. There are similar groups in the legal profession at local and regional levels. The UK has its Magic Circle companies, just as India has its own Big Six and China has the Red Circle. (For more on how Indian companies in this group think about the Big Four, see “Emerging Responses to the Big Four.”) However, there is no elite group in the world that is so firm and exclusive – or small. For his research on how the world`s most elite law firms view and respond to the expansion of the Big Four in legal services (see “The Global 100 Responds to the Big Four”), Robert Couture turned to a much larger group: ALM`s Global 100. From Kirkland & Ellis to Moore & Van Allen, they are the 200 largest companies in the world. Troutman Sanders was founded more than a century ago in Atlanta and Pepper Hamilton was launched in Philadelphia more than 125 years ago.
In 2020, the companies merged into a mega-company with more than 25 national offices. Troutman Pepper`s lawyers work in more than 20 practice areas. The industries it serves include construction, energy, finance, health sciences, insurance, private equity, real estate and technology. Search the thesaurus for “global law firm” and you`ll find White & Case. As a leading cross-border firm, the firm operates in two dozen business areas. The firm has a truly diverse team of lawyers and a top-down commitment to fostering an inclusive workplace. The firm operates in two dozen practice areas, ranging from antitrust/competition to white-collar crime/investigations. The 17 industries in which it operates include consumer products, financial institutions, manufacturing and industrials, media, mining and metals, oil and gas, pharmaceuticals and healthcare, energy, private equity, real estate, technology and more. McDermott sits comfortably among V100 law firms and is best known for his work in the health and tax fields, though his practices go far beyond that. The firm is forward-thinking when it comes to wellness, offering lawyers billable loans for 25 hours of wellness and will appeal to those seeking a collegial and supportive environment. While the company is still known for its financial strength, McDermott`s reach has expanded over the decades. The firm advises clients in newer areas such as life sciences, renewable energy and data protection law, complementing its more traditional practices such as mergers and acquisitions, antitrust, healthcare, intellectual property, litigation, real estate and insurance.
Shearman & Sterling provides high-level legal work coupled with teammate support and strong mentorship. For those looking for international experience, the firm`s global presence means exciting cross-border work and travel opportunities. Shearman & Sterling is one of the world`s leading law firms, serving the domestic and cross-border needs of an impressive list of clients. With approximately 850 lawyers in 25 offices across North America, Europe, Asia, Latin America and the Middle East, the firm has an enviable blend of prestige, expertise and reach. Faegre Drinker is an international law firm that provides litigation, regulatory and business services to clients ranging from Fortune 100 companies to start-ups. The company was formed in February 2020 through the merger of Faegre Baker Daniels and Drinker Biddle & Reath. Both historical societies of Faegre Drinker have a long history. The former drinker Biddle & Reath was founded in 1849 and was headquartered in Philadelphia, and the former Faegre Baker Daniels was founded in 1863. Kirkland is a legal giant – both in terms of size and reputation – the ideal firm for self-made firms ready to take control of their legal careers. The company`s employees agree that their future is bright thanks to the company`s strong training and the company`s name on their resume. Kirkland & Ellis, one of the world`s most prestigious law firms, is known for its work in the areas of corporate, intellectual property, litigation, mergers and acquisitions, private equity and restructuring.
With more than 2,900 lawyers, the firm is regularly recognized as one of the most successful in the world. At K&L Gates, lawyers do challenging work for high-profile clients in a supportive environment. An open market allocation system allows employees to exercise control over their workload, and more experienced lawyers act as volunteer mentors. K&L Gates is one of the world`s largest law firms with nearly 2,000 lawyers on five continents. The firm`s world-class practices include corporate law; energy and infrastructure; finance; intellectual property; workplace safety, employment and workplace safety; litigation and dispute resolution; policy and regulation; Real estate; and asset management and investment funds. Wilson Sonsini is a leader in venture capital and intellectual property and a leading address for clients in the technology industry. The firm`s lawyers have an entrepreneurial spirit and find the right balance between hard work and friendliness. With 950 lawyers in 16 offices around the world, Wilson Sonsini Goodrich & Rosati is a global player with deep technical roots. The company has become a leader in technology licensing transactions, technology financing, mergers and acquisitions, and intellectual property. As a global giant, Dentons offers lawyers a variety of opportunities to advance in their legal careers. Strong mentoring complements the initial responsibilities, and many employees envision a long-term career within the company. More than 12,000 Dentons lawyers work in 40 practice areas across 24 different industries, including energy, financial institutions, government, life sciences and healthcare, manufacturing, private equity, real estate, technology and transportation.
In most cases, the gross revenues of U.S. companies come from the Am 200 Act. Other firms were interviewed directly for The Global 200, Legal Week`s UK Top 100 or The American Lawyer`s Asia Report. Congratulations to all the companies that have proven that bigger is better, even during a global health crisis. As one of the most renowned law firms, Sullivan & Cromwell takes a generalist approach that allows lawyers to work across all sectors and groups. With a strong focus on mentorship and career guidance, S&C is committed to helping its lawyers prepare for their future. As a legal giant, Sullivan & Cromwell has continued – if not created – the model of legal success: it has grown internationally and in response to the growing demands for cross-border mergers and acquisitions, restructuring and financial transactions of the world`s largest corporate clients.