Linklaters expected to reduce equity points following banking review
Linklaters recently completed a banking review launched last summer with the aim of improving profitability. According to the results of the review, Linklaters is reportedly in discussions regarding a potential reduction of equity points by more than 100. Several magic circle firms have taken similar action in response to stagnant turnover growth.
Linklaters’ turnover increased by 3 per cent to £1.31bn in 2015/16, which followed 2014/15 revenue growth of 1 per cent.
The firm has seen a number of finance partner departures recently, including Kolia von Bismarck, who left for Sidley Austin.