Executive Salary
avg.$143,625
Latham&Watkins
Consulting/Legal Consulting/Law Firms
Los Angeles, CA, United States
Description
Latham & Watkins LLP, founded in 1934, is a privately owned law firm headquartered in Los Angeles, California. With approximately 7,000 employees, it provides comprehensive legal services across multiple practice areas and industries. The firm operates primarily in the United States and serves a diverse range of business clients through a B2B model. Its annual turnover is around $7 billion, reflecting its extensive client base and broad service offerings. Latham & Watkins maintains multiple locations across the USA to support its national and international legal operations.
Experteer Insights
Experteer Briefing
Company Trajectory
Latham & Watkins LLP, founded in 1934 and headquartered in Los Angeles, California, United States, has evolved from a provider of general legal services into one of the world’s leading law firms. Over the decades, the firm expanded its footprint both domestically and internationally, transitioning from its original business model to a comprehensive practice across multiple legal disciplines. Key milestones include significant market expansion and continued diversification of services, positioning the firm as a major B2B legal resource.
Financial Setup
Latham & Watkins LLP remains privately owned and operates with a staff of more than 7,000 employees worldwide. The firm serves a diverse corporate clientele, offering extensive legal services across various practice areas and industries. Its financial growth has paralleled its global expansion and reputation, with revenue increases reflecting increased demand for high-value legal counsel.
Development & Outlook
The firm continues to innovate and diversify its legal offerings, providing services in general corporate law, mergers and acquisitions, banking and finance, litigation, and antitrust. Latham & Watkins is noted for its commitment to sustainability, achieving carbon neutrality for scopes 1 and 2 emissions in 2020 and maintaining a dedicated ESG task force. Social responsibility is paramount, as evidenced by its status as one of the largest global providers of pro bono legal services—with 95% lawyer participation and over 270,400 pro bono hours in 2024. The firm’s diversity and inclusion initiatives are strong, with 31% diverse U.S. partners and consistent top scores on equality indices, shaping its vision as a progressive and inclusive employer in the legal sector.
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