Two law firms crossed the $5 billion revenue threshold last year, putting them in the same tier as some Fortune 500 companies and further carving out their own league in Big Law.  

With Latham & Watkins grossing $5.48 billion and Kirkland & Ellis reaching $6.042 billion, the legal industry’s newest top-line figures reflect the speed at which law is moving beyond just a profession, to a business model that rivals a firm’s own clients and one that can bring top recruits. At the same time, a law firm’s exponential business growth comes with its own challenges—and few competitors are eager to try to keep up with these top-line figures.