Big Law

Let’s cut through the corporate jargon: Hogan Lovells isn’t just “growing” – it’s latest results show the firm is scaling with surgical precision having just posted a $2.965B revenue haul for 2024, a near 9 percent jump that brings it within spitting distance of the elusive $3B mark.

The news was dropped by the firm in their March 6 release that we have here.

For context, that’s up 23 percent from 2023’s $2.7B. More telling? PEP hit $3.07M (up 12 percent while RPL nudged to $1.097M.

Billing rates at Big Law continue to soar, leaving even the most jaded GCs with a touch of vertigo. But as we navigate the choppy waters of 2025 – complete with AI fever dreams, inflation headaches, and a freshly minted administration in D.C. the question remains as to how long this ever-rising move can continue?

It doesn’t seem that long ago when hitting $1,000 an hour felt audacious.

The Big Law China Departures Cleary Gottlieb Steen & Hamilton is shutting down its Beijing office by July 2025, marking another high-profile exit from mainland China by a top US law firm. Cleary’s departure from China follows a growing trend of Western legal giants scaling back their Chinese operations amid geopolitical tensions, economic cooling, and