With another year of across-the-board demand growth and unprecedented deal flow, Latham & Watkins saw its revenue and profits spike by more than a quarter in 2021.

The firm, ranked No. 2 in the Am Law 100 survey last year, increased revenue by 26.7%, up to almost $5.5 billion, while boosting profits per equity partner by roughly the same amount—26.2%, to more than $5.7 million.