A new molecular phylogeny of the chemosymbiotic bivalve family Lucinidae is presented. Using sequences from the nuclear 18S and 28S rRNA genes and the mitochondrial gene cytochrome b, 105 specimens were analysed representing 87 separate species classified into 47 genera. Samples were collected from a wide range of habitats including mangroves, seagrass beds, shallow sands, offshore muds, and hydrocarbon seeps at depths ranging from the intertidal to over 2000 m. A chronogram, derived from the combined molecular tree, was calibrated using ten lucinid fossils. The trees show five well-supported clades and two single branches of Fimbria fimbriata (Linnaeus, 1758) and Monitilora ramsayi (Smith, 1885). A new classification of Lucinidae is proposed with seven subfamilial divisions: three new subfamilies - Pegophyseminae, Leucosphaerinae, and Monitilorinae - are introduced and Codakiinae, usually treated as a synonym of Lucininae, is revived to include the Lucinoma, Codakia, and Ctena subclades. Membership of the Lucininae and Myrteinae is considerably revised compared with Chavan's commonly employed 'Treatise' classification. Previously considered as a separate family, Fimbriinae is now regarded as a subfamily within Lucinidae. The status of Milthinae is presently equivocal pending further analysis and Divaricellinae is recognized as polyphyletic, and is therefore abandoned, with species and genera now grouped in various places within the Lucininae. Deeper water Lucinidae mainly belong to Leucosphaerinae, Codakiinae (Lucinoma clade), and Myrteinae, with Lucinoma species being most frequently associated with hydrocarbon seeps. Species occurring in seagrass habitats derive largely from Pegophyseminae, Codakiinae, and Lucininae, and species from mangrove habitats derive from the Pegophyseminae and Lucininae.