Topic: Legal services industry in the U.S. (2024)

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    Many of the world's largest law firms are headquartered in the United States - including Latham & Watkins, Kirkland & Ellis, and Baker McKenzie. The top 100 leading law firms in the United States generated a total revenue of almost 131 billion U.S. dollars in 2022. In 2021, Kirkland & Ellis was the leading law firm worldwide in terms of gross revenue. The firm was first founded in Chicago by Stuart G. Shepard and Robert R. McCormick in 1909. According to its latest reports, the number of lawyers working at Kirkland & Ellis totaled approximately 3,400.

    Employment

    In 2022, the number of employees in legal occupations in the United States totaled 1.22 million. When broken down by category, the largest share of those employed within this industry worked as lawyers. Over half of 2022 law graduates in the United States had taken up employment with law firms by April 2023 and the share of unemployed law graduates has fallen steeply since 2013.

    Diversity

    Women are still underrepresented in the legal profession. In 2022, women made up approximately 39 percent of the share of lawyers in the United States. In a study of the 100 best law firms for women, the gender distribution of employees in leadership positions at these firms remained low at less than 25 percent. Furthermore, the share of non-white equity partners at law firms in the United States was extremely low, although these figures have shown slight signs of improvement over the last few years.

    This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

    Published by Statista Research Department, Dec 18, 2023

    Key insights

    Revenue of leading 100 U.S. law firms 130.8bn USD

    Topic: Legal services industry in the U.S. (2)

    Detailed statistics

    Revenue of the leading U.S. law firms 2015-2022

    Topic: Legal services industry in the U.S. (3)

    Detailed statistics

    Law firms in the U.S. with the highest revenue per lawyer 2022

    Topic: Legal services industry in the U.S. (4)

    Detailed statistics

    Gross revenue of Latham & Watkins 2015-2022

    Get more insights

    Editor’s Picks Current statistics on this topic

    Current statistics on this topic

    Skilled LaborSize of the legal services market worldwide 2015-2023, with 2024 and 2028 forecast
    Business ServicesNumber of law graduates in the U.S. 2013-2022
    Business ServicesSize of the legal services market in the U.S. by category 2020-2022

    Related topics

    Recommended

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    • Legal services industry in Europe
    • BigLaw firms in the U.S.
    • Boutique law firms in the U.S.
    • Legal services industry in the UK

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    Industry overview

    6
    • Premium Statistic Size of the legal services market worldwide 2015-2023, with 2024 and 2028 forecast
    • Premium Statistic Industry revenue of legal services in the U.S. 2012-2024
    • Premium Statistic Size of the legal services market in the U.S. by category 2020-2022
    • Premium Statistic Best law firms U.S. 2023, by prestige rating
    • Premium Statistic Law firms in the U.S. with the highest revenue per lawyer 2022
    • Premium Statistic Law firms in the U.S. with the highest profit per equity partner 2022

    Industry overview

    • Premium Statistic Size of the legal services market worldwide 2015-2023, with 2024 and 2028 forecast

      Topic: Legal services industry in the U.S. (8)

      Size of the legal services market worldwide 2015-2023, with 2024 and 2028 forecast

      Size of the legal services market worldwide from 2015 to 2023 with a forecast for 2024 and 2028 (in billion U.S. dollars)

    • Premium Statistic Industry revenue of legal services in the U.S. 2012-2024

      Topic: Legal services industry in the U.S. (9)

      Industry revenue of legal services in the U.S. 2012-2024

      Industry revenue of legal services in the U.S. from 2012 to 2024 (in billion U.S. dollars)

    • Premium Statistic Size of the legal services market in the U.S. by category 2020-2022

      Topic: Legal services industry in the U.S. (10)

      Size of the legal services market in the U.S. by category 2020-2022

      Size of the legal services market in the United States between 2020 and 2022, by category (in billion U.S. dollars)

    • Premium Statistic Best law firms U.S. 2023, by prestige rating

      Topic: Legal services industry in the U.S. (11)

      Best law firms U.S. 2023, by prestige rating

      Best law firms in the United States in 2023, by prestige rating

    • Premium Statistic Law firms in the U.S. with the highest revenue per lawyer 2022

      Topic: Legal services industry in the U.S. (12)

      Law firms in the U.S. with the highest revenue per lawyer 2022

      Leading law firms in the United States from 2022, by revenue per lawyer (in million U.S. dollars)

    • Premium Statistic Law firms in the U.S. with the highest profit per equity partner 2022

      Topic: Legal services industry in the U.S. (13)

      Law firms in the U.S. with the highest profit per equity partner 2022

      Leading law firms in the United States in 2022, by profit per equity partner (in million U.S. dollars)

    Employment

    8
    • Premium Statistic Number of law graduates in the U.S. 2013-2022
    • Premium Statistic Employment status of 2022 law graduates in the U.S. by category 2023
    • Premium Statistic Share of unemployed law graduates in the U.S. in the class years 2013-2022
    • Premium Statistic Number of employees in legal occupations in the U.S. 2012-2022
    • Premium Statistic Number of employees in legal occupations in the U.S. by category 2022
    • Premium Statistic States with the highest employment in legal occupations in the U.S. 2022
    • Premium Statistic Employee wages of legal occupations in the U.S. 2022
    • Premium Statistic States with the highest wages for legal occupations in the U.S. 2022

    Employment

    • Premium Statistic Number of law graduates in the U.S. 2013-2022

      Topic: Legal services industry in the U.S. (14)

      Number of law graduates in the U.S. 2013-2022

      Number of law graduates in the United States from 2013 to 2022

    • Premium Statistic Employment status of 2022 law graduates in the U.S. by category 2023

      Topic: Legal services industry in the U.S. (15)

      Employment status of 2022 law graduates in the U.S. by category 2023

      Employment status of 2022 law graduates in the United States as of April 2023, by category

    • Premium Statistic Share of unemployed law graduates in the U.S. in the class years 2013-2022

      Topic: Legal services industry in the U.S. (16)

      Share of unemployed law graduates in the U.S. in the class years 2013-2022

      Share of unemployed law graduates in the United States in the class years from 2013 to 2022

    • Premium Statistic Number of employees in legal occupations in the U.S. 2012-2022

      Topic: Legal services industry in the U.S. (17)

      Number of employees in legal occupations in the U.S. 2012-2022

      Number of employees in legal occupations in the United States from 2012 to 2022 (in millions)

    • Premium Statistic Number of employees in legal occupations in the U.S. by category 2022

      Topic: Legal services industry in the U.S. (18)

      Number of employees in legal occupations in the U.S. by category 2022

      Number of employees in legal occupations in the United States as of May 2022, by category

    • Premium Statistic States with the highest employment in legal occupations in the U.S. 2022

      Topic: Legal services industry in the U.S. (19)

      States with the highest employment in legal occupations in the U.S. 2022

      States with the highest employment in legal occupations in the United States as of May 2022

    • Premium Statistic Employee wages of legal occupations in the U.S. 2022

      Topic: Legal services industry in the U.S. (20)

      Employee wages of legal occupations in the U.S. 2022

      Annual wage of employees in legal occupations in the United States as of May 2022, by category (in U.S. dollars)

    • Premium Statistic States with the highest wages for legal occupations in the U.S. 2022

      Topic: Legal services industry in the U.S. (21)

      States with the highest wages for legal occupations in the U.S. 2022

      States with the highest wages for legal occupations in the United States as of May 2022 (in U.S. dollars)

    Diversity

    7
    • Premium Statistic Employee gender distribution in the best 100 law firms for women in the U.S. 2022
    • Premium Statistic Share of lawyers in the U.S. 2020-2023, by gender
    • Premium Statistic Share of non-white equity partners at law firms in the U.S. 2011-2022
    • Premium Statistic Diversity of equity partners at Skadden Arps LLP U.S. 2023, by race and gender
    • Premium Statistic Diversity of attorneys at Skadden Arps LLP U.S. 2023, by race and gender

    Diversity

    • Premium Statistic Employee gender distribution in the best 100 law firms for women in the U.S. 2022

      Topic: Legal services industry in the U.S. (22)

      Employee gender distribution in the best 100 law firms for women in the U.S. 2022

      Gender distribution of lawyers in the best 100 law firms for women in the United States in 2022, by position

    • Premium Statistic Share of lawyers in the U.S. 2020-2023, by gender

      Topic: Legal services industry in the U.S. (23)

      Share of lawyers in the U.S. 2020-2023, by gender

      Share of lawyers in the United States from 2020 to 2023, by gender

    • Premium Statistic Share of non-white equity partners at law firms in the U.S. 2011-2022

      Topic: Legal services industry in the U.S. (24)

      Share of non-white equity partners at law firms in the U.S. 2011-2022

      Share of non-white equity partners at law firms in the United States from 2011 to 2022

    • Premium Statistic Diversity of equity partners at Skadden Arps LLP U.S. 2023, by race and gender

      Topic: Legal services industry in the U.S. (25)

      Diversity of equity partners at Skadden Arps LLP U.S. 2023, by race and gender

      Diversity of equity partners at Skadden Arps LLP in the United States 2023, by race and gender

    • Premium Statistic Diversity of attorneys at Skadden Arps LLP U.S. 2023, by race and gender

      Topic: Legal services industry in the U.S. (26)

      Diversity of attorneys at Skadden Arps LLP U.S. 2023, by race and gender

      Diversity of attorneys at Skadden Arps LLP in the United States 2023, by race and gender

    • Topic: Legal services industry in the U.S. (27)

      Diversity of equity partners at Kirkland & Ellis LLP U.S. 2022, by race and gender

      Diversity of equity partners at Kirkland & Ellis LLP in the United States in 2022, by race and gender

    • Topic: Legal services industry in the U.S. (28)

      Diversity of attorneys at Kirkland & Ellis LLP U.S. 2022, by race and gender

      Diversity of attorneys at Kirkland & Ellis LLP in the United States in 2022, by race and gender

    Rates, utilization, and collection

    6
    • Premium Statistic Law firms' average collection rates in the U.S. by practice area 2020-2022
    • Premium Statistic Law firms' and non-lawyers' average utilization rates in the U.S. by state 2022
    • Premium Statistic Realization and collection rates in the U.S. by state 2022
    • Premium Statistic Adjusted hourly rates in the U.S. by state 2020-2022
    • Premium Statistic U.S. lawyers hourly rates by state 2020-2023
    • Premium Statistic Law firm hourly rates in the U.S. by practice area 2020-2022

    Rates, utilization, and collection

    • Premium Statistic Law firms' average collection rates in the U.S. by practice area 2020-2022

      Topic: Legal services industry in the U.S. (29)

      Law firms' average collection rates in the U.S. by practice area 2020-2022

      Average collection rate of law firms in the United States from 2020 to 2022, by practice area

    • Premium Statistic Law firms' and non-lawyers' average utilization rates in the U.S. by state 2022

      Topic: Legal services industry in the U.S. (30)

      Law firms' and non-lawyers' average utilization rates in the U.S. by state 2022

      Average utilization rate of law firms and non-lawyers in the United States in 2022, by state

    • Premium Statistic Realization and collection rates in the U.S. by state 2022

      Topic: Legal services industry in the U.S. (31)

      Realization and collection rates in the U.S. by state 2022

      Average realization and collection rates in the United States in 2022, by state

    • Premium Statistic Adjusted hourly rates in the U.S. by state 2020-2022

      Topic: Legal services industry in the U.S. (32)

      Adjusted hourly rates in the U.S. by state 2020-2022

      Adjusted hourly rates of law firms in the United States 2020 to 2022, by state (in U.S. dollars)

    • Premium Statistic U.S. lawyers hourly rates by state 2020-2023

      Topic: Legal services industry in the U.S. (33)

      U.S. lawyers hourly rates by state 2020-2023

      Hourly rates of lawyers in the United States from 2020 to 2023, by state (in U.S. dollars)

    • Premium Statistic Law firm hourly rates in the U.S. by practice area 2020-2022

      Topic: Legal services industry in the U.S. (34)

      Law firm hourly rates in the U.S. by practice area 2020-2022

      Hourly rates charged by law firms the United States from 2020 to 2022, by practice area (in U.S. dollars)

    Consumers´ perspective

    3
    • Premium Statistic Most common legal needs in North America 2022
    • Premium Statistic Main factors when hiring a lawyer in North America 2022
    • Premium Statistic Key deterrents to hiring a lawyer in North America 2022

    Consumers´ perspective

    • Premium Statistic Most common legal needs in North America 2022

      Topic: Legal services industry in the U.S. (35)

      Most common legal needs in North America 2022

      Legal needs that consumers had in the United States and Canada in 2022

    • Premium Statistic Main factors when hiring a lawyer in North America 2022

      Topic: Legal services industry in the U.S. (36)

      Main factors when hiring a lawyer in North America 2022

      Most important factors when hiring an attorney according to legal consumers in the United States and Canada in 2022

    • Premium Statistic Key deterrents to hiring a lawyer in North America 2022

      Topic: Legal services industry in the U.S. (37)

      Key deterrents to hiring a lawyer in North America 2022

      Main deterrents to hiring an attorney according to legal consumers in the United States and Canada in 2022

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    • Legal services industry in the UK
    • BigLaw firms in the U.S.
    • Boutique law firms in the U.S.
    • Legal services in Europe

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    Topic: Legal services industry in the U.S. (42)

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    Topic: Legal services industry in the U.S. (2024)

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