The 2025 Am Law 100 report reveals significant changes within the rankings of the highest-grossing law firms. A noteworthy development is the increase in firms posting a gross revenue of $1 billion or more, up from 54 firms in 2023 to 58 in 2024. This indicates strong financial growth among major legal entities.
Among the top 10 firms, six maintain their positions: Kirkland & Ellis, Latham & Watkins, DLA Piper, Sidley Austin, White & Case, and Morgan, Lewis & Bockius. Notably, Skadden, Arps, Slate, Meagher & Flom advanced one spot to No. 4, while Gibson, Dunn & Crutcher moved up two positions to No. 5. Additionally, Ropes & Gray improved its standing to No. 7. Conversely, Baker McKenzie saw a decline, moving down four spots to No. 8.
For a comprehensive review of these shifts and to delve further into the financial metrics of these firms, visit the full report on American Lawyer and explore extensive data analysis options at Law.com Compass.