Kirkland & Ellis took the top position in our gross revenue ranking, switching places with Latham & Watkins, which had held the top slot for three years. Baker McKenzie held onto third place. DLA Piper moved up to fourth while Skadden slid down one spot to fifth. Sidley Austin, Hogan Lovells and Morgan Lewis each moved up one place to Nos. 5, 6 and 7, respectively, as Jones Day dropped from sixth to ninth. Norton Rose held onto 10th.
Thirty-one firms posted gross revenue over $1 billion in 2017, four more than in 2016. Eighty-five reported gains, up from 82 last year. Kirkland reported the biggest gain, 19.4 percent. K&L Gates had the steepest decline, 16.1 percent. Gross revenue figures on this chart are rounded to the nearest $1,000. For more information on how we calculate these figures, please see our methodology page.