Briefings

The masters of the M&A universe are discovering what the rest of us have known all along – that litigation pays, and it doesn’t evaporate when the dealmakers take a sabbatical.​

Fresh data from Bloomberg Law reveals that some of the legal industry’s most ludicrously profitable firms, the ones that built fortunes advising private equity titans, are now scrambling to stockpile litigators like they’re preparing for the apocalypse.

Four heavyweights – Kirkland & Ellis, Paul Weiss, Davis Polk, and Paul Hastings – have inflated their litigation benches by at least 22 percnt since early 2024. It is noteworthy that these are firms that climbed to the top of the profitability charts primarily by perfecting the art of billing seven figures for corporate transactions, not courtroom combat.