Profits per equity partner rise 10 % to £3.3 million as London office posts five-year revenue growth of 47 %.
Global law firm White & Case has reported 2025 revenues of $3.6 billion (£2.7 billion), representing growth of more than 8 % year‑on‑year, according to figures released in March 2026.
The firm said around half of its revenue came from cross-border work, reflecting the continued importance of its international practice. Profits per equity partner (PEP) rose roughly 10 % to $4.4 million (£3.3 million), marking another year of healthy growth.
Heather McDevitt, chair of White & Case, said the results highlight the firm’s ability to deliver on complex, high-value work across its global network, adding that the firm enters 2026 with “strong momentum” and a robust pipeline of matters.
The firm’s London hub also reported positive results, with revenues rising 5 % to around $584 million (£437 million) in 2025, forming part of a steady five‑year growth period during which the office’s revenue has increased 47 %. By comparison, 2024 was a particularly strong year, with London revenue surging 25 % to $554 million (£414 million) and a five‑year cumulative growth of 64 %.
Among its significant engagements, White & Case advised on the $16.4 billion sale of Calpine Corporation to Constellation Energy, one of its largest deals of the year. Across 2025, the firm handled 267 mergers and acquisitions worth a combined $203.9 billion, underscoring its global transactional strength.
The results are part of a broader strategic plan to expand the firm’s global footprint and reach $5 billion in revenues by 2028, representing more than 28 % growth from current levels. To support this ambition, the firm has continued investing in lateral recruitment and office integration, adding 51 lateral partners across 11 offices in 2025, including notable hires in New York and London from Cadwalader Wickersham & Taft, Ropes & Gray, and Weil Gotshal & Manges.
Ms McDevitt, who became chair in September 2023, has emphasised team-based lateral hiring as a tool for accelerating growth, alongside strengthening US operations and increasing collaboration between US and international offices.
White & Case also pointed to continued expansion in cross-border work, driven by geopolitical developments, shifting alliances, and increased investment flows. Notable areas of opportunity include sovereign wealth funds and private capital transactions. The firm advised a consortium of Qatari and Turkish investors on a $7 billion investment in Syrian power infrastructure, highlighting its focus on complex, multinational deals.
The firm said its integrated global platform will remain central to navigating evolving market conditions and sustaining growth in the coming years.