Clifford Chance reports 7% increase in revenue
Clifford Chance has reported revenues that break the firm’s records, bringing in £1.359bn in the 2013/14 financial year to reach £1.359bn, which is up 7 per cent from last year’s revenue of £1.271bn.
Average profit per equity partner jumped up by 16 per cent from £1m in last year to £1.14m this year, and net profit is also up 14 per cent, from £404m to £459m.
The firm saw growth in all jurisdictions and practice areas, with Asia Pacific the strongest performer. In Asia Pacific revenue jumped by 9 per cent from £179m to £195m, and the region now contributes 14 per cent of the firm’s global revenue.
The Americas now contributes 11 per cent of total revenue, Continental Europe contributed 37 per cent, and the UK contributes 35 per cent.