Everyone knows that Biglaw corporations in America did effectively 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 newest version of the UK Prime 50 is out, which measures gross income, income per lawyer, and earnings per fairness accomplice, similar to the Am Regulation 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 means towards dominance throughout the pond. In truth, Kirkland & Ellis may be very near overtaking the top-ranked UK-based agency with regards to income. Listed below are extra particulars on the constructive outcomes from the UK, courtesy of Regulation.com Worldwide:
A rating of the most important corporations working out there, 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.Ok.-based corporations, U.S.-led corporations are consolidating their foothold by means of regular year-on-year progress.
The London-headquartered corporations, traditionally often called the Magic Circle, which historically had a stranglehold on the U.Ok. authorized market, stay among the many largest gamers – Linklaters, A&O Shearman, reporting figures as legacy Allen & Overy, Clifford Probability, Freshfields and Slaughter and Might all characteristic 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 Probability: £831,000,000
- Allen & Overy: £818,700,000
- Freshfields: £756,413,780
- Slaughter and Might: £666,737,937
- Latham & Watkins: £657,000,000
- CMS: £618,723,437
- DLA Piper: £573,772,936
- HSF Kramer: £572,000,000
Click on right here to see the remainder of the UK Prime 30. The total Prime 50 will probably be revealed subsequent week. Congratulations!
The Largest 50 Regulation Corporations by UK Income: US Corporations Proceed to Take Market Share [Law.com International]
Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e mail her with any suggestions, questions, feedback, or critiques. You’ll be able to comply with her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
