Latham & Watkins recorded double-digit increases in all major financial metrics in longtime leader Robert Dell’s final year as global chair of the firm.
In 2014, gross revenue surged more than 14 percent to a record-high $2.6 billion, revenue per lawyer jumped 12 percent, to nearly $1.25 million, and profits per partner soared 16.5 percent, to $2.9 million. Perhaps most impressively, Latham added $228 million to net income, which rose nearly 21 percent, to $1.325 billion. As a matter of comparison, the $228 million gain is close to the entire equity profit pool of Cahill Gordon & Reindel in our 2014 survey. Adjusting for inflation, Latham’s total net income is also nearly seven times what it was in 1994, the first year of Dell’s reign.
