Latham confirmed as largest global revenue-earner as DLA stalls

The race to be the world's largest law firm by turnover is over as DLA Piper published flat income for 2014 - on US$2.48b - while Latham & Watkins pushed its earnings up 14 per cent to take it to $2.61b.

Like several other US-based practices, Latham has seen robust income growth over the last year. DLA Piper, by contrast, has been concentrating on becoming more profitable. DLA raised revenue per lawyer, for example, by seven per cent to $670,000 over 2014/15. It also cut its lawyer headcount by nearly 7%, taking numbers down to 3,702.

Finance

DLA's annual results have only just been published (while Latham's came out in February). DLA says that its increaseed profitability was helped by a strong year in finance and M&A. Source: Legal Business