Source: Reuters
Clifford Chance saw its revenue surpass 2 billion pounds for the first time last year, the London-founded law firm said in announcing mixed financial results on Wednesday.
The global firm said its revenue increased 5% to 2.062 billion pounds ($2.495 billion) in its financial year that ended April 30. Profits slid modestly to 781 million pounds ($945 million) from 783 million pounds the prior year, the firm said.
Profit per equity partner also dipped slightly to 2 million pounds ($2.4 million) from 2.04 million pounds.
Rival London-founded firm Allen & Overy also passed the 2 billion pounds mark in revenues in its most recent financial year, reporting 2.1 billion pounds ($2.5 billion) in results released last week. Allen & Overy also saw slight dips in profits and profit per equity partner…
Read full article: https://www.reuters.com/legal/legalindustry/law-firm-clifford-chance-posts-increased-revenue-stalled-profits-2023-07-19/
