The world’s largest 200 legislation companies have as soon as once more surpassed expectations, displaying report income and earnings within the final fiscal yr. Income for the International 200—the world’s highest grossing legislation companies—collectively reached greater than $185.6 billion, as excessive demand and high-dollar deal work drove the business to dizzying heights.
The world’s high 100 grossing legislation companies alone, as ranked by Legislation.com Worldwide, elevated income by 15.3%, to greater than $147 billion in complete. And common earnings per fairness companion additionally elevated by almost 17%, to greater than $2.2 million prior to now yr.
However these gorgeous numbers are unlikely to be repeated. As inflation hits laborious globally and recession looms, demand is anticipated to fall and the mega-deals that drove earnings will dry up. Geo-politics are additionally having an impression on companies world wide. So how are these companies responding? What does it take to stay a serious international participant on the world stage? And the way will the conflict in Ukraine and the altering panorama in China impression the efficiency of worldwide legislation companies within the future? On this yr’s International 200 report, we reply these questions and extra.
By Andrew Maloney | The world’s largest 200 legislation companies have loved an period of prosperity however are coming into an period of complexity.
By Bruce Love | International legislation companies carry out for a tough array of constituencies.
By Jessica Seah | Head depend among the many 50 largest legislation companies within the Asia Pacific was up 9% yr over yr, with Chinese language companies accounting for about 80% of the legal professionals employed by that group.
By Jessica Seah | Collectively, the 45 highest-grossing Chinese language legislation companies reported $13.8 billion in gross income in 2021, up a staggering 58% from the pre-pandemic yr 2018.
By Krishnan Nair | The nation’s authorized establishments have set themselves as much as turn out to be companies “match for the market in wartimes.”
By Patrick Smith | Paul Hastings has made waves with daring statements and bolder hires. Does the agency trajectory warrant the chatter?
By Anne Bagamery | Amy Guthrie | Peter Shaw-Smith | Legislation.com Worldwide correspondents in Latin America, Europe and the Center East share their predictions for the important thing markets.