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LeeAnn Black and Richard Trobman Leeann Black, Latham & Watkins’ chief operating officer, and Richard Trobman, the firm’s chairman. Courtesy photos

Disruption, uncertainty and austerity will forever be linked with COVID-19. But so will big gains. And few firms made more out of a challenging situation in the past year than Latham & Watkins.

Firm leaders say increased demand across the board helped solidify the firm’s place in the upper echelon of the Am Law 100, with a revenue increase of 15% and profits per partner up nearly 20%. At $4.3 billion, Latham is now secure as the second-largest firm in the country by revenue, more than a billion dollars ahead of its closest competitor.

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And it wasn’t just about receipts. Latham also managed to bring in top talent to help chart its path forward, including corporate heavyweights Rick Kline and Sarah Axtell from Goodwin Procter, and M&A duo Ian Bushner and Neal Reenan from rival Kirkland & Ellis.

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Andrew Maloney

I'm a Chicago-based reporter covering the business of law, focusing on national and global law firms for The American Lawyer, and other ALM publications. Reach out: [email protected]    

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