Executive Summary
Akin Gump Strauss Hauer & Feld LLP, founded in 1945 by Robert S. Strauss and Richard A. Gump in Dallas, Texas, has grown into one of the world's most prominent and influential law firms. With over 900 lawyers across offices in the United States, Europe, Asia, and the Middle East, Akin Gump has established itself as a global legal powerhouse.
The firm ranks 38th on The American Lawyer's 2025 Am Law 200 list with a gross revenue of $1.49 billion in 2024. Akin Gump is recognized for its excellence in multiple practice areas, including bankruptcy/restructuring, government relations, and litigation, consistently earning top-tier rankings from Chambers & Partners and other legal directories.
Distinguished by its collaborative culture and client-centered approach, Akin Gump continues to expand its global reach while maintaining a strong commitment to diversity, innovation, and professional excellence. The firm's prominent position as the second-largest lobbying firm in the United States further demonstrates its influence in shaping policy and regulatory landscapes.
Key Facts
- Founded: 1945
- Headquarters: Washington, D.C.
- Lawyers: 900+
- Offices: 17 worldwide
- Revenue (2024): $1.49 billion
- AmLaw Ranking: #38
- AmLaw A-List: #8
Financial Performance
Akin Gump has demonstrated strong financial performance, with a gross revenue of $1,489,976,000 in 2024, securing its position as the 38th highest-grossing law firm in the United States according to The American Lawyer's 2025 Am Law 200 ranking. The firm also ranked as the 31st highest-grossing law firm globally in the 2024 Global 200 survey.
The firm's revenue per lawyer (RPL) is competitive within the industry, reflecting its high-value practice areas and client base. Akin Gump's financial strength is built upon its diversified practice areas, with particularly strong showings in bankruptcy/restructuring, government relations, and litigation.
The firm has also been recognized for excellence beyond financial metrics, ranking 8th on The American Lawyer's 2024 A-List, which evaluates firms based on a combination of revenue per lawyer, pro bono commitment, associate satisfaction, and diversity.
Key Financial Metrics
| Metric | Value | Industry Comparison |
|---|---|---|
| Gross Revenue (2024) | $1.49 billion | AmLaw 100 Firm |
| AmLaw Ranking (2025) | #38 | Top 40 |
| Global Ranking (2024) | #31 | Top 50 Globally |
| A-List Ranking (2024) | #8 | Top 10 |
| Pro Bono Ranking (2025) | #17 | Top 20 |
Culture
Akin Gump's culture is built upon five core values: being future-focused, diversity-minded, dedicated to excellence, service-oriented, and collaborative. These values permeate the firm's approach to client service, professional development, and community engagement.
The firm fosters a collaborative environment where attorneys work across practice areas and office locations to deliver comprehensive solutions to client challenges. This collaborative spirit extends to the firm's approach to professional development, with mentorship and knowledge-sharing being integral components of the Akin Gump experience.
Akin Gump places a strong emphasis on work-life balance and attorney well-being, recognizing that a supportive and inclusive workplace culture is essential for delivering exceptional client service and maintaining high standards of legal excellence.
The firm's commitment to pro bono work is also a defining aspect of its culture, with Akin Gump ranking 17th nationally on The American Lawyer's 2025 Pro Bono Scorecard. This commitment reflects the firm's dedication to giving back to the communities it serves and providing access to justice for underrepresented individuals and organizations.
Core Values
-
Future-Focused
Anticipating client needs and industry trends
-
Diversity-Minded
Embracing diverse perspectives and backgrounds
-
Dedicated to Excellence
Maintaining the highest standards in legal practice
-
Service-Oriented
Putting client needs at the center of all work
-
Collaborative
Working together across practices and offices
Recognition
- Ranked #8 on AmLaw's 2024 A-List
- Top 10 in GRR 30's Ranking of Top Restructuring Firms
- Four practices selected as Law360 Practice Groups of the Year
- Named to Top 15 in Vault's Most Prestigious Law Firm List
Compensation Structure
Akin Gump offers a competitive compensation package that aligns with its position as an AmLaw 100 firm. The firm's compensation structure is designed to attract and retain top legal talent while rewarding performance and contribution to the firm's success.
For first-year associates, the starting salary is approximately $190,000 per year, which is consistent with market rates for top-tier law firms. Total compensation for associate attorneys ranges from $193,000 to $323,000 per year, depending on experience, performance, and office location.
The firm's compensation system includes annual bonuses based on both individual performance and firm profitability. Akin Gump also recognizes contributions to pro bono work, business development, and other non-billable activities that align with the firm's values and strategic objectives.
In addition to base salary and bonuses, Akin Gump offers a comprehensive benefits package that includes health insurance, retirement plans, parental leave, and various wellness programs. The firm's approach to compensation reflects its commitment to attracting and retaining exceptional legal talent while promoting work-life balance and professional development.
Associate Compensation Overview
| Experience Level | Base Salary Range | Total Compensation Range |
|---|---|---|
| First Year | $190,000 | $190,000 - $215,000 |
| 2–3 Years | $200,000 - $225,000 | $215,000 - $250,000 |
| 4–6 Years | $225,000 - $265,000 | $250,000 - $290,000 |
| 7+ Years | $265,000 - $300,000 | $290,000 - $323,000 |
Additional Benefits
Health & Wellness
- Comprehensive health insurance
- Dental and vision coverage
- Mental health resources
- Wellness programs
- Fitness subsidies
Financial Benefits
- 401(k) retirement plan with matching
- Profit-sharing opportunities
- Annual bonuses
- Business development bonuses
- Financial planning resources
Work-Life Balance
- Generous parental leave
- Vacation and personal days
- Remote work flexibility
- Sabbatical opportunities
- Pro bono hour credit
Career Development Opportunities
Akin Gump is committed to the professional growth and development of its attorneys, offering a comprehensive Attorney Development Program that provides learning opportunities tailored to each lawyer's individual needs and interests. The firm's partnership track typically spans 8-9 years, offering a clear path for career advancement.
The firm's approach to career development emphasizes hands-on experience, mentorship, and continuous learning. Associates are given substantive responsibilities early in their careers, allowing them to develop practical skills and build client relationships. This experiential learning is complemented by formal training programs, CLE opportunities, and practice group-specific education.
Mentorship is a cornerstone of Akin Gump's career development strategy. The firm pairs junior attorneys with more experienced colleagues who provide guidance, feedback, and advocacy. These mentoring relationships help associates navigate the complexities of legal practice and firm culture while building the skills and connections necessary for long-term success.
For those on the partnership track, Akin Gump provides targeted training and development opportunities to prepare associates for the transition to partnership. This includes business development training, leadership development, and exposure to firm management structures and processes. The firm's goal is to develop well-trained, successful lawyers who have a high degree of career satisfaction and add value to the firm.
Partnership Track
-
1Junior Associate (Years 1–3)
-
2Mid-Level Associate (Years 4–6)
-
3Senior Associate (Years 7–8)
-
4Partnership Consideration (Years 8–9)
-
5Partner
Development Programs
-
Formal Training
Practice-specific and general skills training
-
Mentorship Program
Pairing with experienced attorneys for guidance
-
Hands-On Experience
Early responsibility on substantive matters
-
Feedback System
Regular performance reviews and coaching
-
Business Development
Training in client relationship management
Diversity Initiatives
Akin Gump has made diversity, equity, and inclusion (DEI) a cornerstone of its firm culture and strategic priorities. The firm is committed to building an inclusive and collaborative work environment that reflects the diversity of its clients and communities. This commitment is demonstrated through a range of initiatives, programs, and policies designed to promote diversity at all levels of the organization.
The firm's focus on DEI is not just internal but extends to its client relationships and community engagement. Akin Gump recognizes that diverse teams bring different perspectives and experiences to legal challenges, resulting in more innovative and effective solutions for clients.
Key Diversity Programs
-
Strauss Diversity & Inclusion Program
Comprehensive firm-wide initiative to promote DEI at all levels
-
Robert Strauss Diversity Scholarship
$25,000 scholarships for diverse 2L law students, plus paid summer positions
-
Affinity Groups
Support networks for various identity groups within the firm
-
LCLD Participation
Active involvement in Leadership Council on Legal Diversity programs
-
Pipeline Programs
Investment in programs to increase diversity in the legal profession
Recent DEI Recognition
-
2024 PracticePro Diversity Leader Award
Recognized for commitment to diversity in the legal profession
-
Multiple Diversity Rankings
Recognized in various diversity benchmarking surveys
-
Vault Rankings for Diversity
Strong performance in Vault's diversity rankings
-
American Lawyer Diversity Scorecard
Consistently recognized for diversity efforts
“In addition to its internal diversity and inclusion efforts, Akin heavily invests in pipeline programs like those offered by PracticePro.”
DEI Strategic Priorities
Recruitment
Strategic initiatives to attract diverse talent at all levels, from summer associates to lateral partners.
Retention & Advancement
Programs focused on developing and advancing diverse attorneys through mentorship and sponsorship.
Inclusion
Creating a culture where all attorneys and staff feel valued, respected, and able to contribute fully.
Practice Areas
Akin Gump offers comprehensive legal services across a wide range of practice areas, with particular strength in certain core disciplines. The firm's practice groups collaborate to provide integrated solutions for complex legal challenges, drawing on specialized expertise while maintaining a holistic approach to client service.
Restructuring & Bankruptcy
Nationally recognized practice representing unsecured creditors in major restructurings.
Notable Work: Represented unsecured creditors in more than 200 major restructurings, including fashion brand Nine West.
Rankings: Top 10 in GRR 30's ranking of top restructuring firms.
Government Relations
Premier lobbying practice with deep connections in Washington, D.C.
Notable Work: Representing major corporations and industry associations before Congress and federal agencies.
Rankings: Recognized as the second-largest lobbying firm in the United States.
Litigation
Comprehensive litigation services across multiple disciplines and industries.
Notable Work: Handling significant jury trials and complex commercial disputes.
Rankings: Named by American Lawyer as one of the top litigation practices in the country.
Healthcare
Advising healthcare providers, insurers, and life sciences companies on regulatory and transactional matters.
International Trade
Guiding clients through complex trade regulations, sanctions, and cross-border transactions.
Intellectual Property
Protecting and enforcing patents, trademarks, copyrights, and trade secrets.
Corporate
Handling mergers, acquisitions, securities offerings, and other corporate transactions.
Environmental
Addressing complex environmental regulations and disputes.
Real Estate
Advising on acquisitions, development, financing, and leasing.
Labor & Employment
Counseling employers on workforce issues and litigation.
Investment Funds
Supporting the formation and operation of private equity and hedge funds.
Industry Focus
Akin Gump combines legal expertise with deep industry knowledge to deliver tailored solutions for clients across various sectors:
Energy
Financial Services
Technology
Healthcare
Retail
Manufacturing
Client Service Approach
Akin Gump's approach to client service is built upon a foundation of collaboration, responsiveness, and deep industry knowledge. The firm's service-oriented culture is central to every client engagement, guiding how attorneys interact with clients and approach legal challenges.
With a proactive and agile approach, Akin Gump attorneys listen to client priorities and help navigate complex legal landscapes with creative solutions. The firm emphasizes building long-term relationships based on trust, understanding clients' businesses and industries, and aligning legal strategies with business objectives.
"Distinguished by the breadth of our experience and capabilities, our focus on client service is supported by a culture rooted in collaboration and caring."
Akin Gump leverages its collaborative culture to bring together multi-disciplinary teams that address all aspects of a client's legal challenges. This cross-practice approach ensures comprehensive solutions that draw on the firm's full range of expertise.
The firm's commitment to client value is demonstrated through its innovative service delivery models, transparent communication, and continuous improvement efforts. Akin Gump regularly solicits client feedback and adjusts its approach based on evolving client needs and preferences.
Client Service Principles
-
Responsive Communication
Timely and clear client communication
-
Business-Focused Advice
Practical solutions aligned with business goals
-
Proactive Approach
Anticipating issues before they arise
-
Team Collaboration
Cross-practice expertise for comprehensive solutions
-
Value-Based Services
Focus on efficiency and meaningful outcomes
Client Value Initiatives
-
Alternative Fee Arrangements
Flexible pricing models to align with client objectives
-
Client Feedback Program
Regular solicitation of client input to improve service
-
Technology Solutions
Leveraging legal tech to enhance client experience
-
Knowledge Sharing
Industry insights and legal updates for clients
Technology Adoption
Akin Gump has embraced technology as a means to enhance client service, improve operational efficiency, and stay at the forefront of legal innovation. The firm's technology strategy is focused on leveraging advanced tools and platforms to deliver more value to clients while maintaining the highest standards of legal excellence.
In September 2024, Akin Gump hired Jeff Westcott as Director of Practice Technology & AI Innovation, underscoring the firm's commitment to leveraging artificial intelligence and other emerging technologies to enhance client service. This leadership role is focused on driving the firm's innovation efforts and integrating cutting-edge technologies into legal practice.
The firm was shortlisted in the "Innovation in Using Data" category for the Financial Times Innovative Lawyers North America Awards, highlighting its use of innovative technology to improve client relations and service delivery. This recognition reflects Akin Gump's future-focused and client-first commitment to technological advancement.
Beyond internal operations, Akin Gump's technology practice provides comprehensive legal services to clients in the technology sector, from startups to Fortune 100 companies. The firm's attorneys advise on bringing new and emerging technologies to market while navigating complex legal and regulatory landscapes.
Technology Initiatives
-
AI Integration
Leveraging artificial intelligence for document review, due diligence, and legal research
-
Data Analytics
Using data-driven insights to inform legal strategies and business decisions
-
Client Portals
Secure platforms for collaboration and document sharing with clients
-
Cybersecurity
Advanced security measures to protect client information
Technology Leadership
"Akin Gump's hiring of Jeff Westcott as Director of Practice Technology & AI Innovation demonstrates the firm's commitment to leveraging artificial intelligence and other emerging technologies to enhance client service."
The firm's technology adoption strategy is guided by a focus on practical applications that deliver tangible benefits to clients, including:
- Increased efficiency in legal service delivery
- Enhanced accuracy in document review and analysis
- Improved project management and workflow optimization
- Data-driven insights to inform legal strategies
Emerging Technology Practice
In addition to adopting technology internally, Akin Gump has developed a robust practice advising clients on emerging technologies:
Artificial Intelligence
Advising on AI implementation, regulation, and intellectual property protection
Blockchain & Digital Assets
Guiding clients through regulatory frameworks for blockchain applications
Data Privacy & Security
Developing compliance strategies for evolving data protection regulations
Risk Assessment
All law firms face various internal and external risks that can impact their operations, reputation, and financial performance. This assessment examines key risk factors for Akin Gump and the firm's approaches to managing these challenges.
Market Risks
-
Economic Fluctuations
Risk: Economic downturns can affect demand for legal services, particularly in transactional practices.
Mitigation: Diversified practice areas and industry focus provide resilience against sector-specific downturns.
-
Talent Competition
Risk: Intense competition for legal talent, particularly in specialized practice areas.
Mitigation: Competitive compensation, professional development programs, and positive firm culture to attract and retain talent.
-
Geopolitical Factors
Risk: International tensions affecting cross-border transactions and investments.
Mitigation: Global presence and expertise in international trade and policy allow for adaptation to changing geopolitical conditions.
Operational Risks
-
Cybersecurity
Risk: Law firms are high-value targets for cyberattacks due to sensitive client information.
Mitigation: Robust cybersecurity protocols, regular training, and technology investments to protect client data.
-
Professional Liability
Risk: Exposure to malpractice claims and professional negligence allegations.
Mitigation: Quality control processes, regular training, and comprehensive professional liability insurance.
-
Business Continuity
Risk: Disruptions to operations from natural disasters, pandemics, or other emergencies.
Mitigation: Comprehensive business continuity plans and investment in remote work capabilities.
Strategic Risks
-
Market Positioning
Risk: Changes in client preferences or market dynamics affecting the firm's competitive position.
Mitigation: Regular strategic planning, client feedback, and adaptability to evolving market conditions.
-
Client Concentration
Risk: Over-reliance on a number of key clients could create vulnerability if relationships change.
Mitigation: Diverse client base across industries and practice areas to reduce concentration risk.
-
Technology Disruption
Risk: Emerging technologies like AI potentially disrupting traditional legal service delivery models.
Mitigation: Proactive technology adoption and innovation initiatives to stay ahead of industry changes.
Regulatory Risks
-
Compliance
Risk: Complex and evolving regulatory requirements across multiple jurisdictions.
Mitigation: Dedicated compliance resources and regular training to ensure adherence to all applicable regulations.
-
Data Privacy
Risk: Increasing regulations around data privacy and protection globally.
Mitigation: Comprehensive data governance policies and procedures to ensure compliance with privacy laws.
-
Conflicts of Interest
Risk: Managing potential conflicts across a large client base and multiple practice areas.
Mitigation: Sophisticated conflicts checking systems and clear protocols for addressing potential conflicts.
Risk Governance
Akin Gump employs a structured approach to risk management that includes:
- Dedicated risk management committees overseeing firm-wide risk policies
- Regular risk assessments and updates to mitigation strategies
- Integration of risk considerations into strategic planning processes
- Clear escalation procedures for emerging risks
- Comprehensive training for attorneys and staff on risk management
Competitive Analysis
Akin Gump operates in a highly competitive legal market, particularly in its core practice areas and geographic locations. This analysis examines the firm's competitive position relative to peer firms and highlights its distinctive strengths and challenges.
Market Position
With a gross revenue of $1.49 billion in 2024, Akin Gump ranks 38th on the Am Law 200 list, positioning it firmly within the upper echelon of U.S. law firms. The firm's reputation is particularly strong in government relations, bankruptcy/restructuring, and litigation, areas where it consistently receives top rankings from legal directories.
As the second-largest lobbying firm in the United States, Akin Gump enjoys a distinctive competitive advantage in government relations and policy work. This position allows the firm to offer clients unique insights and access in Washington, D.C., which complements its traditional legal services.
The firm's ranking as 8th on The American Lawyer's 2024 A-List demonstrates its strong performance across multiple dimensions, including financial success, pro bono commitment, associate satisfaction, and diversity. This balanced approach to excellence helps differentiate Akin Gump from competitors that may excel in only one or two areas.
Competitive Landscape
Akin Gump competes with a range of law firms, from global giants to specialized boutiques, depending on the practice area and geographic market. Key competitors include:
| Competitor Type | Examples | Competitive Areas |
|---|---|---|
| Global Elite Firms | Kirkland & Ellis, Latham & Watkins | High-end restructuring, complex litigation |
| DC Powerhouses | Covington, WilmerHale | Government relations, regulatory work |
| Texas-Based Firms | Vinson & Elkins, Baker Botts | Energy, corporate transactions |
| Specialized Boutiques | Various by practice area | Niche expertise, competitive pricing |
SWOT Analysis
Strengths
- Preeminent position in government relations and lobbying
- Exceptional restructuring and bankruptcy practice
- Strong presence in key markets (DC, NY, Texas)
- Collaborative culture that supports cross-practice solutions
- Recognized excellence in diversity and inclusion
Weaknesses
- Smaller international footprint compared to some competitors
- Less prominent in certain practice areas (e.g., M&A, capital markets)
- Potential vulnerability to political cycles affecting lobbying work
- Size relative to largest global competitors may limit certain opportunities
Opportunities
- Expansion of international presence in strategic markets
- Further leveraging technology and AI for competitive advantage
- Growth in emerging practice areas (e.g., climate change, cybersecurity)
- Strategic lateral acquisitions to strengthen specific practices
Threats
- Intense competition for top legal talent
- Pressure on traditional billing models from clients
- Potential for economic downturns affecting client demand
- Disruption from legal tech and alternative service providers
Competitive Differentiation
Akin Gump has established several distinctive elements that differentiate it from competitors:
Government Relations Excellence
Unparalleled lobbying capabilities and public policy expertise, providing a competitive edge in regulatory matters.
Collaborative Culture
Emphasis on cross-practice collaboration, allowing for comprehensive client solutions that leverage diverse expertise.
Balanced Excellence
Strong performance across financial metrics, pro bono commitment, diversity, and associate satisfaction.
Future Outlook
Akin Gump is well-positioned for continued success in the evolving legal landscape, with several key trends and strategic initiatives likely to shape its future trajectory. The firm's strong foundation in core practice areas, combined with its proactive approach to innovation and adaptation, provides a solid platform for sustainable growth.
Strategic Priorities
Looking ahead, Akin Gump is expected to focus on several strategic priorities to enhance its market position and client service capabilities:
-
Technology Integration
Continued investment in artificial intelligence, data analytics, and other advanced technologies to enhance service delivery and operational efficiency. The recent appointment of a Director of Practice Technology & AI Innovation underscores this commitment.
-
Strategic Growth
Targeted expansion in key practice areas and geographic markets to strengthen the firm's competitive position. This may include strategic lateral hires, practice group acquisitions, or new office openings in growth markets.
-
Talent Development
Enhanced focus on recruiting, developing, and retaining diverse talent through innovative professional development programs, mentorship initiatives, and competitive compensation structures.
-
Client Experience Enhancement
Continued refinement of service delivery models to provide more value and responsive service to clients, including alternative fee arrangements, client portals, and customized knowledge resources.
Market Trends Impact
Several market trends are likely to impact Akin Gump's operations and strategy in the coming years:
-
Regulatory Evolution
Increasing regulatory complexity across jurisdictions will create opportunities for the firm's government relations and regulatory practices, leveraging its strong Washington, D.C. presence.
-
Technological Disruption
Continued advancement of legal technology and AI will reshape service delivery models, requiring ongoing adaptation and innovation in how legal services are provided.
-
Client Expectations
Evolving client expectations for efficiency, transparency, and value will drive changes in billing models, service delivery, and client communication approaches.
-
ESG Considerations
Growing focus on environmental, social, and governance issues will create new advisory opportunities while also influencing the firm's own operations and policies.
Growth Projections
Projected growth based on historical performance and market trends
Emerging Practice Areas
-
AI & Emerging Technologies
Advising on regulatory frameworks and compliance for AI systems
-
ESG & Sustainability
Supporting clients in navigating evolving ESG requirements
-
Cybersecurity & Data Privacy
Expanding capabilities in response to growing regulatory demands
-
Energy Transition
Advising on renewable energy and climate change initiatives
Long-Term Vision
Akin Gump's long-term vision is focused on maintaining its position as an elite global law firm while adapting to changing market conditions and client needs. Key elements of this vision include:
Sustainable Growth
Balancing strategic expansion with financial discipline to ensure long-term sustainability and profitability.
Technological Leadership
Establishing the firm as a leader in legal technology adoption and innovation to enhance client service and operational efficiency.
Talent Excellence
Continuing to attract, develop, and retain diverse top-tier legal talent by offering compelling career opportunities and a supportive culture.
Client-Centric Evolution
Adapting service models and offerings to meet evolving client needs while maintaining the firm's core values and commitment to excellence.
"Distinguished by the breadth of our experience and capabilities, our focus on client service is supported by a culture rooted in collaboration and caring."
