White & Case

What White & Case does

White & Case LLP is a global law firm founded in 1901, headquartered in New York and operating 43 offices across 29 countries with approximately 4,000 lawyers. The firm serves multinational corporations, governments, financial institutions, and private capital sponsors on complex cross-border mandates spanning M&A, capital markets, project finance, international arbitration, litigation, and restructuring. Industry practices are concentrated in energy, infrastructure, private capital, and technology, with marquee mandates in 2025-2026 including SoftBank's €75 billion AI data center investment in France, the $17.6 billion Fertitta/Caesars take-private, the $16 billion Calpine/Constellation sale, CVC's €10.7 billion take-private of Recordati, and book-running mandates on the proposed Jio Platforms India IPO.

The firm delivers services through partner-led client teams rather than through proprietary software products, with no patents, standalone SaaS offerings, or technology platform of its own. Notable proprietary insight assets include the AI Watch Global Regulatory Tracker, which monitors AI regulation across the EU, US, UK, China, and other jurisdictions, and thought-leadership series such as Debt Explorer, M&A Explorer, Partner Perspectives, and Trendscape. The firm has begun adopting legal-AI tooling through a partnership with Swedish startup Legora and was named a Top 10 Most Innovative Law Firm in North America by the Financial Times in 2025; it is not an AI-native technology company and relies primarily on lawyer expertise for service delivery.

The revenue model is professional services: quoted-based fees determined by matter complexity, lawyer seniority, jurisdiction, and transaction value. The firm reported $3.6 billion in revenue for 2025, representing 8% year-over-year growth, with profits per equity partner of $4.4 million (up 10%) and a stated target of $5 billion by 2028. The go-to-market motion is partner-led enterprise field sales, with new business generated through demonstrated execution on multi-billion-dollar cross-border transactions, lateral partner recruiting (51 partners added across 11 offices in 2025), and rankings-driven credibility (44 Tier 1 Legal 500 EMEA rankings, 10 Chambers USA Band 1 practice areas in 2026). The firm is privately held as a limited liability partnership owned by its partners and does not have a parent company, institutional investors, or acquisition-based growth.

Name

White & Case

Legal name

White & Case LLP

Website

https://whitecase.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

White & Case is a global law firm with approximately 4,000 lawyers across 43 offices in 29 countries, serving multinational corporations, governments, and financial institutions on complex cross-border M&A, capital markets, project finance, litigation, and restructuring matters, reporting $3.6 billion in 2025 revenue.

Ownership category

akta.pro rank

Product category

International Legal Services

NAICS

Offices of Lawyers (54111)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI)

akta.pro secondary industry

Corporate & Commercial Law (BPAHAAAA)

Keywords

• Cross-border legal services
• Mergers and acquisitions law
• International arbitration services
• Project finance law
• Capital markets legal advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices44 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Legal Services Revenue: White & Case generates revenue through providing legal services to corporate clients, governments, and financial institutions. The firm handled 267 M&A transactions worth $203.9 billion in 2025 and reported $3.6 billion in revenue for that year. As a major international law firm, revenue is derived from client engagements across practice areas including M&A, capital markets, project finance, litigation, and restructuring.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

White & Case is a global law firm providing legal advisory services to corporations, governments, and financial institutions across 43 offices in 29 countries. The firm delivers counsel on complex cross-border transactions, mergers and acquisitions, capital markets, project finance, international arbitration, litigation, and restructuring. Revenue is generated through fee-based client engagements across practice areas and industries including energy, infrastructure, technology, and private capital.

Product overview

White & Case LLP is a global law firm operating as a unified legal services platform rather than a software product company. The firm delivers legal services through integrated practice areas organized by industry sector (Energy, Infrastructure, Private Capital, Technology, Life Sciences) and specialized practices (M&A, Capital Markets, Debt Finance, International Arbitration, Data Privacy). The firm does not offer standalone software products but provides legal counsel and regulatory intelligence such as the AI Watch: Global Regulatory Tracker for tracking AI regulations worldwide. White & Case's core 'product' is its legal expertise delivered through 43 offices globally.

Differentiator

Problem solved

Functional benefit

Products and services

• Global Legal Services Platform Comprehensive legal services across multiple practice areas and industries delivered through a network of 43 offices in 29 countries, offering integrated capabilities for complex cross-border transactions, arbitration, and litigation.
• Energy Legal Services Legal advisory spanning oil and gas, renewables, conventional power, nuclear energy, and energy transition technologies including hydrogen, carbon capture, and sustainable fuels, for energy companies and project sponsors.
• Infrastructure Legal Services Advisory on complex infrastructure investments, developments, and financings across digital infrastructure, data centers, transport, water, and social infrastructure sectors.
• Technology Legal Services Legal counsel for technology companies, investors, and fast-growth enterprises covering M&A, intellectual property, data governance, cybersecurity, and regulatory matters.
• Private Capital Legal Services Integrated legal support for alternative asset managers covering fund formation, fund financing, private equity, direct lending, and asset-backed financing.
• Data Centers Practice Legal services focused on data center development, financing, M&A, and regulatory matters for digital infrastructure assets and investors.
• AI Watch: Global Regulatory Tracker A regulatory intelligence resource tracking AI developments across multiple jurisdictions including EU, US, UK, China, and other key markets, provided to clients as part of advisory services.

Quantifiable outcome

• $3.6 billion revenue in 2025 with 8% year-over-year growth
• +3 more outcomes

Named customers25 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Uzbekistan Ministry of JusticeminorStrategic or Co-development Partner · 16 June 2026Uzbekistan's Minister of Justice Akbar Tashkulov met with White & Case representatives to discuss expanding legal cooperation, covering international investment arbitration, legal services market trends, and joint seminars.
• Broadridge Financial SolutionsminorStrategic or Co-development Partner · 28 April 2026White & Case advised global fintech leader Broadridge Financial Solutions on its strategic minority investment in HQLAX as part of HQLAX's Series C-1 funding round. HQLAX uses distributed ledger technology for digital collateral mobility.
• LegoraminorStrategic or Co-development Partner · 16 March 2026Swedish legal AI startup Legora has partnered with White & Case among major law firms including Cleary Gottlieb and Goodwin, with White & Case noted as a customer using Legora's AI legal tools.

Scale indicators17 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Allen & Overy (A&O Shearman): Global elite law firm formed by the 2024 A&O / Shearman & Sterling merger, with overlapping practice areas in M&A, project finance, and capital markets and similar enterprise and financial institution client base.
• Clifford Chance: Magic Circle global law firm with comparable cross-border M&A, capital markets, and dispute resolution practices serving multinational corporates and financial institutions. Closest competitor on large multi-jurisdictional transactions.
• Latham & Watkins: Top US-headquartered global firm with dominant M&A, capital markets, and project finance practices; one of White & Case's most frequent competitors on large cross-border deals and energy transactions.
• Kirkland & Ellis: Largest US law firm by revenue, dominant in private equity and M&A; directly comparable on transactional volume and represents the most aggressive lateral hiring competitor in the talent market.
• Freshfields Bruckhaus Deringer: Magic Circle firm with comparable global M&A, antitrust, and dispute resolution practices, often competing head-to-head on cross-border deals and international arbitrations.
• Skadden Arps Slate Meagher & Flom: Elite US law firm with leading M&A, capital markets, and litigation practices; a frequent co-counsel or competitor on large transactions and a comparable partner compensation profile.
• Hogan Lovells: Global law firm with comparable M&A, capital markets, and regulatory practices, particularly strong in energy, infrastructure, and life sciences; a frequent competitor in Europe and emerging markets.
• Davis Polk & Wardwell: Top-tier US firm with leading M&A, capital markets, and financial institutions practices; competes directly on high-value cross-border transactions and IPOs of the same profile clients.
• Linklaters: Magic Circle firm with parallel global M&A, capital markets, and banking practices serving financial institutions and large corporates across the same key markets as White & Case.
• Sullivan & Cromwell: Premier US law firm renowned for M&A, capital markets, and litigation, frequently competing with White & Case on top-tier transactions and serving a similar enterprise and financial institution client base.

Market position

Strengths5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/WhiteCase
• Facebookfacebook.com/share.php?u=https://www.whitecase.com
• LinkedInlinkedin.com/shareArticle?mini=true&url=https://www.whitecase.com

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about White & Case