Wake Up Call: In Pre-Covid 2019, Kirkland Topped $4 Billion Revenues

In today’s column, the 100 biggest U.S. law firms averaged 5% gains in both gross revenues and average profits per equity partner in 2019, and 11 firms topped $2 billion revenues in the latest Am Law rankings; DLA Piper had near 10% revenue gains last year, but it’s still among firms making austerity cuts to prepare for the economic impact of the Covid-19 pandemic; as law firms switched to remote working, some practice partners have had to turn into “mini managing partners.”

• Leading off, Kirkland & Ellis became the first firm to top $4 billion in gross revenues in 2019, ...