Large Firms

Clifford Chance Revenue Rises 2 Percent, Partner Profit Jumps 8 Percent to $1.6M

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

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