King & Spalding revenue falls 8 per cent in London
King & Spalding has reported an 8 per cent decline in revenue for its London office, where revenue fell from $46.5m in 2015 to $42.6m in 2016. Lawyer headcount at the London office decreased from 53 to 47, and revenue per lawyer at the office increased by 3 per cent from $877.4m to $906.4m.
Globally, revenue increased by 3.9 per cent to $1.1bn in 2016 while headcount rose from 936 to 1,005. Net profit was up 8 per cent, coming in at $484m, while profit per equity partner declined by around 2 per cent to $2.5m.