Clifford Chance today announced audited financial results for the financial year ended 30 April 2007. Revenues increased by 16%* to £1,194 million (2005/06: £1,029 million), and average profit per partner increased by 26% to £1,023,000 (2005/06: £814,000).
When the preliminary figures were announced on 29 May 2007, managing partner David Childs commented:
“We have achieved strong growth in revenues and a sustained improvement in our profitability. This progress is true testament to the hard work and high calibre of our people everywhere in our network and the strength of our client relationships. Each of our regions in Asia, Europe and the Americas has performed extremely well and, given current market conditions, we are well positioned to achieve future growth.”
* Excluding the effect of exchange rate changes, underlying growth was 18%.