National US firms and the magic circle have emerged as winners in The Global 100, which shows both groups making ground on New York’s legal elite.
The Global 100 league table of the world’s largest law firms shows the group’s combined turnover up 13% in 2007, with 15 of the firms grossing more than $1bn (£490m), compared with 12 last year. The world’s top 100 law firms grossed $67.5bn (£33bn) between them in their latest financial year, with average partner profits across the group of $1.36m (£665,000).
