Latham & Watkins

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Latham & Watkins LLP
Latham & Watkins
No. of offices28 [1]
No. of attorneys2,858 [2]
No. of employees~4,500
Major practice areasGeneral corporate, mergers & acquisitions, banking and finance, litigation
Key peopleRichard Trobman, Chair and Managing Partner
RevenueIncrease US$4.3 billion (April 2021) [3]
Date founded1934; 87 years ago (1934)
Company typeLimited liability partnership
Websitewww.lw.com

Latham & Watkins LLP (known as Latham) is an international law firm. Founded in 1934 in Los Angeles, California, Latham is the second-largest law firm in the world by revenue.[4] As of 2021, Latham is also one of the most profitable law firms in the world, with profits per partner exceeding US$4.5 million.[5]

History[edit]

The firm was founded in January 1934 in Los Angeles, California by Dana Latham and Paul Watkins. Latham's practice focused on state and federal tax law and he eventually served as Commissioner of the U.S. Internal Revenue Service under President Dwight Eisenhower. Watkins's practice focused primarily on labor. At first, the firm grew slowly, with only 19 attorneys employed as of 1960.[6] Beginning in the 1970s, the firm began growing rapidly, opening new offices in Orange County, Washington D.C., San Diego, Chicago, and New York. In the 1990, the firm opened its first international office in London. Since then, it has continued to expand internationally with 18 international offices spanning Europe, Asia-Pacific, and the Middle East.

In 2009, the firm gained notoriety in the midst of the global recession when it laid off 190 lawyers and 250 paralegal and support staff, representing twelve percent of the firm's total associates and ten percent of the support staff.[7] At a time when many firms were conducting layoffs, the term "Lathamed" became legal slang for being laid off.[8]

Despite being founded in Los Angeles, Latham's largest office is now in New York City, with more than 450 lawyers as of February 2021.[9] The firm claims it is the only fully integrated multinational law firm with no single headquarters.[10] In 2007, Latham became the first American law firm to attain more than $2 billion in yearly revenue, and in 2018, it was the first law firm to report more than US$3 billion in gross revenue.[11][12][13] It was briefly the highest-grossing law firm in the world, but has since lost the number one spot to Kirkland & Ellis.[14][15]

Latham's largest office is located at 1271 Avenue of the Americas

Rankings[edit]

Latham was ranked as the #1 firm in the Am Law 100 rankings for 2017.[16] In 2021, the firm received the highest number of practice and lawyer rankings from Chambers and Partners. [17] Dubbed an "A-List All-Star" by The American Lawyer, the firm is one of three firms to appear on the A-List each year since its inception in 2003.[18] Vault.com named Latham one of the top five most prestigious firms in the United States and the most prestigious firm in Southern California.[19]

Notable attorneys[edit]

See also[edit]

References[edit]

  1. ^ https://www.law.com/law-firm-profile/?id=178&name=Latham-%26-Watkins
  2. ^ https://www.law.com/law-firm-profile/?id=178&name=Latham-%26-Watkins
  3. ^ https://www.law.com/law-firm-profile/?id=178&name=Latham-%26-Watkins
  4. ^ https://www.law.com/law-firm-profile/?id=178&name=Latham-%26-Watkins. Missing or empty |title= (help)
  5. ^ "Latham & Watkins LLP". Retrieved August 22, 2021.
  6. ^ Latham.com Archived July 13, 2011, at the Wayback Machine, Retrieved May 19, 2010.
  7. ^ Haynes, V. Dion (February 28, 2009). "Latham & Watkins Cuts 190 Lawyers". Washington Post. Retrieved February 28, 2009.
  8. ^ Mystal, Elie (June 14, 2010). "How Did Latham Become the Poster Child for Layoffs?". Above the Law. Retrieved June 14, 2010.
  9. ^ "Latham & Watkins LLP - Global Directory - New York".
  10. ^ http://lw.com/upload/pubContent/_pdf/pub2219_1.pdf
  11. ^ Jones, Ashby (February 11, 2008). "Latham & Watkins Breaks $2 Billion Revenue Barrier". Wall Street Journal. ISSN 0099-9660. Retrieved February 12, 2021.
  12. ^ Strom, Roy (February 22, 2018). "Latham & Watkins Makes History with $3 Billion in Revenue". Law.com. Retrieved February 12, 2021.
  13. ^ "Latham & Watkins LLP". Law.com. Retrieved February 12, 2021.
  14. ^ "Kirkland Overtakes Latham as World's Biggest Firm by Revenue | The American Lawyer". The American Lawyer. Retrieved March 21, 2018.
  15. ^ Rubino, Kathryn. "Behold: The First Firm To Crack $3 Billion In Revenue". Above the Law. Retrieved March 21, 2018.
  16. ^ Lat, David. "The 2017 Am Law 100: A Turning Point For Biglaw?".
  17. ^ "LATHAM TOPS THE RANKINGS IN CHAMBERS USA 2021 GUIDE".
  18. ^ "Latham & Watkins LLP-Company Profile-Vault.com". vault.com.
  19. ^ https://www.vault.com/company-profiles/law/latham-watkins-llp. Retrieved August 22, 2021. Missing or empty |title= (help)
  20. ^ "Dana Latham, 75, Former Head Of the Internal Revenue, Is Dead (Published 1974)". The New York Times. February 9, 1974. ISSN 0362-4331. Retrieved February 12, 2021.
  21. ^ "Charles Courtenay".
  22. ^ "Homeland Security". Archived from the original on October 10, 2006. Retrieved July 29, 2016.
  23. ^ "Latham & Watkins LLP -".
  24. ^ "Latham & Watkins Thomas J. Heiden Latham & Watkins". legal500.com. Retrieved September 12, 2020.
  25. ^ "Loughlin, Giannulli lawyer is prosecutors' 'worst nightmare'". AP NEWS. April 20, 2021. Retrieved June 14, 2021.

External links[edit]