Latham & Watkins: Global Law Firm
Law firms are run like any business for it to sustain and continue to give out services it must have income. Just like any business the more income it earns the more likely it will grow. Some grow to such an extent that it has to go beyond its place of origin and expand in other cities or states. Law firms like Latham & Watkins have grown to an extent that they do business almost anywhere in the world.
The firm began in January 1934 in Los Angeles, California. It was founded by Dana Latham and Paul Watkins. Each of the founders brought it different areas of expertise. Latham was into US state and federal tax law. His knowledge and experience in that area eventually led him to serve as Commissioner of the U.S Internal Revenue Service under the administration of President Dwight Eisenhower. Watkin’s specialty was on labor.
When the firm started it consisted of three attorneys. It grew slowly and had 19 attorneys by 1960. There was significant growth in the 1960s with the firm having 46 attorneys by 1970. In 1988 Jack Walker became the firm’s managing partner and focused on growing the company. From Los Angeles the firm entered San Francisco, London, Moscow, Hong Kong and New Jersey.
In 1994 Bob Dell became the managing partner and currently holds that position. Under his leadership the law firm has grown significantly in the international front.
While it began in Los Angeles the largest office is now located in New York City. The law firm began with expertise in tax and labor law and is now a full-service law practice with highly regarded practices in transactional, disputes and regulatory areas. Latham & Watkins became the first American law firm to earn more than $2 billion in annual revenue.
The firm has over 2,000 lawyers found in the world’s major financial, business and regulatory centers. Its lawyers speak 55 languages with offices located in 14 countries.
Latham & Watkins is truly a global law firm.