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Why do top law firms rake in billions—and how do individual lawyers end up earning £1M, £5M, or even £10M+ a year? In this video, I break down exactly how big law firms make so much money, based on my firsthand experience as a corporate lawyer at a leading global firm.
I’m Liam Porritt, and after five years in the trenches of Big Law, I’m pulling back the curtain on how elite firms turn time into massive profits. Whether you’re a law student, a junior lawyer, or just curious about the economics of the legal world, this video will give you a deep dive into the big law business model.
📌 In this video, you'll learn:
• What high-earning law firms actually do for clients (think multi-billion dollar deals and high-stakes litigation) • Why law firms charge £1,000+ per hour—and why clients gladly pay it • The concept of scarcity and why legal expertise is in such high demand • How the leverage model multiplies partner earnings—just like in real estate or private equity • The surprising maths behind law firm profits (and how associates generate millions in revenue for firms) • What it really takes to become a law firm partner—and why it’s so competitive
🎥 If you've ever asked “Why are legal fees so high?”, “How much do lawyers actually make?”, or “What makes Big Law so profitable?”, this is the video for you.
📈 Whether you're considering a career in law, already working in the industry, or just curious about how billion-dollar firms operate—this breakdown will give you real insight into how Big Law works from the inside.
👉 Don’t forget to like and subscribe.
Timestamps:
00:00 How do Big Law firms make so much money? 01:05 What do Big Law firms do to earn money? 08:08 How do Big Law firms generate billions in revenue? 11:47 What's the secret to millions in partner profits?
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I'm a lawyer, part-time YouTuber, son, brother, startup founder, husband, black coffee drinker and plant dad. I graduated from Cambridge University (where I studied French and Spanish), topped my law school class and now work for a corporate law firm in London as a solicitor (which takes up a lot of my time)!
Around that, I'm a big fan of discovering new ways of thinking, of balancing work with life, and of performing to the very best of my ability. Ohh, and being happy. And I try to share all that on this YouTube channel 😀
Fun fact: I believe we massively overplay the role of “natural talent” 😮 AND… I also believe that TOGETHER, WE ARE ALL CAPABLE OF POSITIVITY, PRODUCTIVITY AND SUCCESS.
Disclaimer: Information, views and opinions depicted in this video are my own. Information visible on screens or in documents does not relate to my work as a lawyer for clients. This is not financial advice.
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Thanks so much to InvestEngine for sponsoring this video 🫶
