Law360's inaugural ranking of the largest 400 U.S. law firms reveals that several of the largest global firms, including Baker & McKenzie LLP, are placed on equal footing in the U.S. legal market with nationally or even regionally concentrated firms in terms of attorney head count.
Nearly two dozen of the firms on the Law360 400 are based in Texas, led by Norton Rose Fulbright, where the booming legal market is driving the state’s largest firms to expand beyond their roots to establish themselves as brand names nationwide.
The concentration of pharmaceutical, telecommunications other important industries combined with a dense population, government regulation and close proximity to major cities have made New Jersey a fertile place to grow the 14 firms on the Law360 400 that call the Garden State home.
Pittsburgh’s unique position in the thriving Marcellus Shale play has fueled growth for firms including K&L Gates LLP and Reed Smith LLP, identified by Law360 as among the 400 largest firms in the U.S., and helped to challenge Philadelphia’s traditional reputation as the state’s legal epicenter.
Thirty-four law firms with roots in California secured spots on the Law360 400, led by San Francisco-based Littler Mendelson PC, and sources say the Golden State will continue to be a key legal market as the needs of technology startups, life sciences firms and other cutting-edge companies on the West Coast grow.
Greenberg Traurig LLP has the highest number of partners of any firm in the U.S. and the highest concentration of partners among the top 15 firms in the Law360 400, and the firm says being able to put more partners in front of clients gives it a competitive advantage in today’s cutthroat marketplace.
Three employment law boutiques landed in the top 50 of the Law360 400, a list of the 400 biggest firms by U.S. attorney head count, and with the need for workplace legal services still surging, the firms' heads say they don't expect to stop growing anytime soon.
Twelve intellectual property boutiques landed on the Law360 400, led by Boston-based Fish & Richardson PC, but experts say IP boutiques will need to narrow their expertise even further and more aggressively promote their brands to keep pace with general practice firms.
Law360's ranking of the 400 largest U.S. law firms shows bigger firms tend to have a lower partner concentration, with some of the most elite New York law firms boasting the lowest percentage of partners. And experts say these firms can leverage their vast associate manpower on big client projects to boost partner profitability.
The firms featured in the Law360 400 hail from 36 states across the country, with New York and Chicago hosting the largest concentration of firms.
With more than 1,700 attorneys in 16 offices across the U.S., Jones Day is the largest law firm in the U.S., earning the top spot in the Law360 400 ranking.
The Law360 400 features 14 firms with more than 1,000 U.S. attorneys, behemoths that are the product of the "be everywhere" growth strategy that triggered waves of office openings and mergers in recent decades.
Law360 is pleased to announce the Law360 400, our inaugural ranking of the 400 largest law firms in the U.S.