Linklaters announces financial results
Linklaters has announced its latest financial results, revealing a drop in operating profit and an increase in turnover.
Operating profits fell by 1%, coming in at £472.3m, representing a £200m drop from the firm’s July pre-tax profit of £676.2m. Meanwhile, turnover increased by 6% to £1.51bn.
The firm’s staff costs increased by 5% to £739m, while profit per equity partner (PEP) came in at £1.54m. Managing partner Gideon Moore said he believes the firm’s financial performance is on track and indicates that the firm is meeting client needs.