Clifford Chance Revenue Rises 2 Percent, Partner Profit Jumps 8 Percent to $1.6M
Posted Jul 5, 2011 1:11 PM CST
By Martha Neil
Clifford Chance has announced its 2010-11 financial results, which included a 2 percent increase in law firm revenue and an 8 percent rise in average profit per equity partner.
It is now just over 1 million pounds, after a 25 percent PEP leap to 933,000 pounds in the prior fiscal year, Legal Week reports.
The latest PEP figure amounts to about $1.6 million in U.S. dollars, calculated at the current exchange rate.
The megafirm's gross revenue for 2010-2011 is 1.219 billion pounds, up from 1.197 billion the prior fiscal year