Skadden, Arps, Slate, Meagher & Flom LLP is in serious danger of losing its spot at the top of revenue lists this year. Latham & Watkins has announced earnings of over two billion for 2007, an increase of 23%. If Skadden even slightly under performs, it will lose its long-standing title of highest-grossing law firm in the nation.
Source: www.law.com