Whenever we think about law firms, the first thing that comes to mind is their success and expertise in handling legal cases. In the world of law, the success of a law firm depends on its clients’ satisfaction. And, of course, its ability to win cases. We are compiling a list of the most successful law firms in the world to give you insights into facts and figures. These law firms continue to manage to sustain their position despite the tough competition from other firms.
This article will introduce you to some of the most successful law firms and the factors that make them so successful.
Skadden, Arps, Slate, Meagher & Flom
First up: Skadden, Arps, Slate, Meagher & Flom is an American law firm that has been ruling the legal industry since the 1940s. Legal advisory for all industries is one of the major services of this firm. Plus, Global corporations, financial institutions, governmental agencies, and nonprofits are the clients of this giant firm.
In 2019, Skadden was ranked as the world’s highest-grossing law firm, with a revenue of over $2.5 billion.
Wachtell, Lipton, Rosen & Katz
Next up: Wachtell, Lipton, Rosen & Katz is a global leader in the legal industry. Essentially, it specializes in mergers and acquisitions, securities, and governance. It is popular for its customer-centric approach, targeting the most prominent corporations worldwide.
The firm’s revenue mostly comes from corporate representation, with a focus on high-profile clients. In 2019, the firm’s revenue amounted to approximately $1.6 billion.
Cravath, Swaine & Moore
Cravath, Swaine & Moore has been booming in the industry since it was founded in 1819. The law firm is known for its expertise in corporate litigation. And offers legal services concerning commercial disputes, securities litigation, and banking.
Today, this law firm continues to rank among the top law firms globally. All with major clients’ trust and revenue of over $750 million.
Sullivan & Cromwell
Established in 1879, Sullivan & Cromwell is an international law firm. Something that offers leading legal services in multiple areas. These include M&A, capital markets, and restructuring.
Essentially, the law firm is famous for its excellent cross-border work, derivative securities law, litigation, arbitration, and regulation. With over 875 lawyers globally, the company has a staggering revenue of approximately $1.6 billion.
Allen & Overy
Finally, Allen & Overy is an international law firm with offices worldwide, headquartered in London. The law firm specializes in all aspects of corporate law. Essentially, its client base includes:
- Financial institutions
- Governments worldwide
The company’s wide range of expertise allowed it to bag the coveted title “Law Firm of the Year” at The Lawyer Awards in 2020.
The world’s most successful law firms provide unique services that focus on their customers’ needs and garner highly recommendable ratings. These firms continue to establish trust with their clients. And are constantly creating strong relationships with their clients.
We hope this list provides insights to legal business owners looking forward to expanding their legal operations. Similarly, to lawyers who are interested in learning from the best.