Sheppard, Mullin, Richter & Hampton LLP vs. Latham & Watkins LLP vs. Morgan, Lewis & Bockius LLP

Category by category. Sources: Vault 2027, Am Law 200 FY2025, and reported Chambers records from the years shown.

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Sheppard, Mullin, Richter & Hampton LLP
Est. 1927
Latham & Watkins LLP
Est. 1934 · Los Angeles
Morgan, Lewis & Bockius LLP
Est. 1873 · Philadelphia

Est. 1927

Sheppard, Mullin, Richter & Hampton LLP is a 1,000-plus-attorney firm, Am Law #47. Jurisdiction-specific Chambers rankings include Band 1 in Energy: State Regulatory & Litigation and Native American Law: Finance; Band 2 in Government Contracts. Operates from 11 offices worldwide.

Latham & Watkins LLP

Est. 1934 · Los Angeles

Latham & Watkins LLP is a 2,000-plus-attorney global firm, Vault #4 / Am Law #2, founded in Los Angeles, CA. Jurisdiction-specific Chambers rankings include Band 1 in Antitrust, Antitrust: Cartel, and Appellate Law. Operates from 34 offices worldwide.

Morgan, Lewis & Bockius LLP

Est. 1873 · Philadelphia

Morgan, Lewis & Bockius LLP is a 2,000-plus-attorney global firm, Am Law #11, founded in Philadelphia. Jurisdiction-specific Chambers rankings include Band 1 in Antitrust, Banking & Finance, and Capital Markets: Securitization: RMBS. Operates from 32 offices worldwide.

Rankings & prestige

Sheppard, Mullin, Richter & Hampton LLP#66
Latham & Watkins LLP#4
Morgan, Lewis & Bockius LLP#37

Sheppard, Mullin, Richter & Hampton LLP#47
Latham & Watkins LLP#2
Morgan, Lewis & Bockius LLP#11

Sheppard, Mullin, Richter & Hampton LLP2 records
Latham & Watkins LLP96 records
Morgan, Lewis & Bockius LLP28 records

: #66
: #47
: 2 records

Vault rank: #4
Am Law rank: #2
Reported Chambers Band 1 records: 96 records

Vault rank: #37
Am Law rank: #11
Reported Chambers Band 1 records: 28 records

Compensation

Sheppard, Mullin, Richter & Hampton LLP$225,000
Latham & Watkins LLP$225,000
Morgan, Lewis & Bockius LLP$225,000

Sheppard, Mullin, Richter & Hampton LLP$3.04M
Latham & Watkins LLP$8.65M
Morgan, Lewis & Bockius LLP$2.27M

Sheppard, Mullin, Richter & Hampton LLP$1.38B
Latham & Watkins LLP$8.30B
Morgan, Lewis & Bockius LLP$3.36B

Revenue per lawyer

Sheppard, Mullin, Richter & Hampton LLP$1.34M
Latham & Watkins LLP$2.23M
Morgan, Lewis & Bockius LLP$1.65M

: $225,000
: $3.04M
: $1.38B
Revenue per lawyer: $1.34M

First-Year Comp: $225,000
Profits Per Partner: $8.65M
Firm revenue: $8.30B
Revenue per lawyer: $2.23M

First-Year Comp: $225,000
Profits Per Partner: $2.27M
Firm revenue: $3.36B
Revenue per lawyer: $1.65M

Work & scale

Sheppard, Mullin, Richter & Hampton LLPNot Reported
Latham & Watkins LLP1,900
Morgan, Lewis & Bockius LLPNot Reported

Sheppard, Mullin, Richter & Hampton LLPNot Reported
Latham & Watkins LLPNot Reported
Morgan, Lewis & Bockius LLPNot Reported

Sheppard, Mullin, Richter & Hampton LLPNot Reported
Latham & Watkins LLP2.7:1
Morgan, Lewis & Bockius LLP1.3:1

Sheppard, Mullin, Richter & Hampton LLP~1,050
Latham & Watkins LLP~3,700
Morgan, Lewis & Bockius LLP~2,050

Offices

Sheppard, Mullin, Richter & Hampton LLP11
Latham & Watkins LLP34
Morgan, Lewis & Bockius LLP32

: Not Reported
: Not Reported
: Not Reported
: ~1,050
Offices: 11

Billable target: 1,900
Partnership track: Not Reported
US associates per partner: 2.7:1
Firm size (rounded to 50): ~3,700
Offices: 34

Billable target: Not Reported
Partnership track: Not Reported
US associates per partner: 1.3:1
Firm size (rounded to 50): ~2,050
Offices: 32

Summer Program

Sheppard, Mullin, Richter & Hampton LLP100%
Latham & Watkins LLP100%
Morgan, Lewis & Bockius LLP100%

Class size

Sheppard, Mullin, Richter & Hampton LLP65 (2026)
Latham & Watkins LLP398 (year not confirmed)
Morgan, Lewis & Bockius LLP118 (year not confirmed)

Sheppard, Mullin, Richter & Hampton LLPNot Reported
Latham & Watkins LLPNot Reported
Morgan, Lewis & Bockius LLPNot Reported

Sheppard, Mullin, Richter & Hampton LLPCase by Case
Latham & Watkins LLPNo
Morgan, Lewis & Bockius LLPNo

: 100%
Class size: 65 (2026)
: Not Reported
: Case by Case

Offer rate: 100%
Class size: 398 (year not confirmed)
How associates get work: Not Reported
Specific practice area: No

Offer rate: 100%
Class size: 118 (year not confirmed)
How associates get work: Not Reported
Specific practice area: No

Chambers by practice, market and year

Green marks the stronger for the same practice, market and year. Shared results are listed once. split some top tables.

Rank differences

Corporate/M&A & Private EquityDistrict of Columbia · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 4
Latham & Watkins LLPBand 1
Morgan, Lewis & Bockius LLPBand 4

Band 4

Band 1

Band 4

Energy: State Regulatory & LitigationCalifornia · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 1
Latham & Watkins LLPBand 2
Morgan, Lewis & Bockius LLPBand 2

Band 1

Band 2

EnvironmentCalifornia · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 4
Latham & Watkins LLPBand 2
Morgan, Lewis & Bockius LLPBand 1

Band 4

Band 2

Band 1

HealthcareDistrict of Columbia · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 4
Latham & Watkins LLPBand 1
Morgan, Lewis & Bockius LLPBand 2

Band 4

Band 1

Band 2

Intellectual Property: Trademark, Copyright & Trade SecretsCalifornia · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 3
Latham & Watkins LLPBand 1
Morgan, Lewis & Bockius LLPBand 3

Band 3

Band 1

Band 3

Litigation: General CommercialNationwide · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 3 · Highly Regarded
Latham & Watkins LLPBand 1 · Elite
Morgan, Lewis & Bockius LLPBand 4 · Elite

Band 3 · Highly Regarded

Band 1 · Elite

Band 4 · Elite

Projects: Power & Renewables: TransactionalNationwide · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 2
Latham & Watkins LLPBand 1
Morgan, Lewis & Bockius LLPBand 2

Band 2

Band 1

Band 2

Projects: Renewables & Alternative EnergyNationwide · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 2
Latham & Watkins LLPBand 1
Morgan, Lewis & Bockius LLPBand 4

Band 2

Band 1

Band 4

Telecom, Broadcast & SatelliteDistrict of Columbia · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 4
Latham & Watkins LLPBand 1
Morgan, Lewis & Bockius LLPBand 3

Band 4

Band 1

Band 3

HealthcareCalifornia · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 2
Latham & Watkins LLPBand 4
Morgan, Lewis & Bockius LLPBand 5

Band 2

Band 4

Band 5

HealthcareNationwide · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 4 · Elite
Latham & Watkins LLPBand 2 · Elite
Morgan, Lewis & Bockius LLPBand 4 · Elite

Band 4 · Elite

Band 2 · Elite

Band 4 · Elite

Litigation: General CommercialCalifornia · 2026

Sheppard, Mullin, Richter & Hampton LLPBand 1 · Highly Regarded
Latham & Watkins LLPBand 2 · Elite
Morgan, Lewis & Bockius LLPBand 1 · Highly Regarded

Band 1 · Highly Regarded

Band 2 · Elite

Band 1 · Highly Regarded

Firm-only and additional rankings remain available on each firm profile so missing coverage is not mistaken for a head-to-head loss.

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Data sources: Vault 2027, Am Law 200 FY2025, and reported Chambers records from the years shown. Chambers record counts can span years and reporting coverage varies; missing years or markets are not compared. Current Chambers bands were checked against each firm’s Chambers profile on Sep 26, 2026; where Chambers splits a table, every Elite firm ranks above every Highly Regarded firm. Missing values read “Not Reported”.