Thank you for sharing!

Your article was successfully shared with the contacts you provided.
555 Eleventh Street, NW Suite 1000 Washington, DC 20004-1304 +1.202.637.2200 +1.202.637.2201 [fax] www.lw.com
Latham moved up the revenue ladder two rungs this year, reporting double-digit growth for the second year in a row. The firm reported a 12 percent revenue increase overall, coming in at $195 million. “We had an outstanding year. Our office experienced dramatic growth again in 2005,” says Eric Bernthal, the firm’s managing partner in Washington. “We’ve had very strong performances in all practices.” The California-based firm, which has 221 lawyers in Washington, focused heavily on recruiting last year, adding an additional 26 lawyers here. Of those additions, most notable were Margaret Zwisler and three other antitrust partners who defected from Howrey last June. The firm also brought on tax attorney Nicholas DeNovio, former chief counsel to the Internal Revenue Service. In part, the firm’s revenues were driven by prominent litigation, including obtaining a reversal at the U.S. Supreme Court for Arthur Andersen on its criminal conviction stemming from the Enron scandal. And tobacco money continued to pad Latham’s bottom line. The firm took on Philip Morris USA’s defense in a smokers lawsuit in Los Angeles Superior Court. Latham also handled a trademark case in the U.S. Court of Appeals for the 2nd Circuit for General Cigar, winning a reversal of the trial court decision. The appeals court held that General Cigar is the owner of the Cohiba trademark for cigars in the United States. Once again, the firm’s profits per partner rose dramatically, up 14 percent to $1.6 million. Latham has maintained a two-tiered partnership system with 78 equity partners and 15 nonequity partners in D.C. The firm expects to continue its upward trajectory in 2006. Peter Winik, Latham’s deputy managing partner in Washington and chair of its D.C. litigation department, points to increased antitrust and Securities and Exchange Commission work in the first quarter of the year, as well as growth in the firm’s communications, project finance, and corporate practice groups. “It’s firing on all cylinders,” he says.
D.C. 20 (2006)Rank by D.C. revenue: 9D.C. Revenue (2005): 195,300,000D.C. Revenue (2004): 174,300,000Revenue per lawyer: 885,000Profits per partner: 1,605,000Average Compensation All Partners: 1,365,000Lawyers/Equity All Partners: 221/63Firmwide Revenue (2005) 1,412,500,000 D.C. 20 (2005)D.C. Revenue 2004: 174,300,000D.C. Revenue 2003: 155,500,000Revenue Per Lawyer: 895,000Profits Per Partner: 1,400,000Average Compensation All Partners: 1,270,000Lawyers/Equity Partners: 195/61Firmwide Revenue 2004: 1,206,000,000

LT150 (2006)Rank by size of D.C. office (2005): 11Lawyers in Office: 241Partners in Office: 78Lawyers in Office (2005): 216Partners in Office: 71Percent Change in Number of Lawyers: 11.6Associate Hires Expected 2006: 60 LT150 (2005)Rank: 19Lawyers 2005: 216Partners 2005: 71Lawyers 2004: 183Partners 2004: 68Percent Change: 18.00Associate Hires: 43

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.