{"id":4755,"date":"2025-03-17T01:57:40","date_gmt":"2025-03-17T01:57:40","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/lathams-revenue-surges-to-7b-as-pep-eclipses-7m\/"},"modified":"2025-03-17T01:57:40","modified_gmt":"2025-03-17T01:57:40","slug":"lathams-revenue-surges-to-7b-as-pep-eclipses-7m","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/lathams-revenue-surges-to-7b-as-pep-eclipses-7m\/","title":{"rendered":"Latham&#8217;s Revenue Surges to $7B, as PEP Eclipses $7M"},"content":{"rendered":"\n<div data-v-e97bc92c=\"\">\n<div data-v-e97bc92c=\"\">\n<p>Pointing to \u201crobust and sustained demand\u201d across practices and markets, Latham &amp; Watkins surged 23% to reach $7 billion in gross revenue in 2024 and shot up nearly 30% in average profits per equity partner to eclipse the $7 million mark.<\/p>\n<\/div>\n<p>  <!----> <!----> <!----><\/p>\n<div data-v-e97bc92c=\"\">\n<p>The firm also increased net income by 31.7%, up to nearly $4 billion, and average compensation for all lawyers by about 21%, to roughly $4.7 million, according to American Lawyer reporting. It <a href=\"https:\/\/www.law.com\/americanlawyer\/2024\/12\/02\/new-partner-class-sizes-shrink-for-second-year-in-a-row\/\" rel=\"nofollow noopener\" target=\"_blank\"><u>promoted fewer partners<\/u><\/a> last year compared with the previous two years, but still increased its equity tier (up about 2% to roughly 553 partners) as well as its nonequity tier (roughly 8%, to 404).<\/p>\n<\/div>\n<p> <!----> <!----> <!----> <!----><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pointing to \u201crobust and sustained demand\u201d across practices and markets, Latham &amp; Watkins surged 23% to reach $7 billion in gross revenue in 2024 and shot up nearly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[5132,4803,4849,3072,5120],"class_list":["post-4755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-eclipses","tag-lathams","tag-pep","tag-revenue","tag-surges"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=4755"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/4756"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=4755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=4755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=4755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}