The Lawyer has released its Global Litigation 50 report, revealing that the total revenue generated by the firms listed rose from $27.21bn (£21.64bn) to $28.18bn in 2015 - a new record! This represents a growth rate of four per cent.
How is London rated in the rankings? Following the vote to leave the EU, it will be interesting to see how the city's status as a global litigation hub will fare in 2016 and beyond.
The total amount of revenue generated by the firms in The Lawyer Global Litigation 50 grew by 4 per cent last year, continuing a growth trajectory that stretches back more than five years. Total revenue rose from $27.21bn (£21.64bn) to $28.18bn, a new record. And yet the apparently inexorable rise of the global litigation market may be showing signs of slowing. Any calls for popping the champagne corks should be put on hold. While the total number of lawyers generating that $28bn continued to rise, also by 4 per cent – from 30,047 to 31,142 – the total number of partners across all 50 firms in the ranking rose by just 2 per cent, from 9,432 to 9,613.