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Richard Trobman of Latham & Watkins. (Courtesy photo)

One year after becoming the first law firm ever to crack the $3 billion revenue mark, Latham & Watkins in 2018 had its strongest financial performance in nearly a half-decade.

The world’s second-largest firm by revenue last year, Latham saw revenue in 2018 spike 10.5 percent to a new high of $3.39 billion, according to preliminary reporting for The American Lawyer’s annual Am Law 100 rankings. Profits per equity partner rose 6.3 percent to $3.45 million, and revenue per lawyer increased 6 percent to $1.33 million.

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